CardWeb is probably the best resource for consumer to track major credit card news. It publishes about 3 to 5 short stories every week at its consumer section. The first piece for 2005 includes 10 tips for wiser credit card usage, which makes it a very worthwhile reading.

Whilst some tips are for people who carry a balance, all credit card users can benefit from the following advices:

1. Check incoming account statements for any errors in holiday transactions and report them within 60 days. (MM: Use a personal finance software if possible).

6. Review your credit file maintained at the three major consumer credit reporting agencies. By the end of 2005, all Americans will be able to get free annual copies. Aggressively pursue any errors you find. (MM: Getting your free credit report is easy. Check out how I got mine from Equifax and TransUnion.)

8. Monitor your account via the Internet, if possible. This is the best way to catch errors and prevent fraudulent transactions or identity fraud. (MM: Again, personal finance software can be a big help to synchronize your transactions automatically.)

10. Compare new credit card offers. Some issuers are still making 0% interest rate balance transfer offers. This is an excellent way to make some real progress on existing card debt. However, watch out for any hidden fees or costs associated with these offers. (MM: In addition, shoot for higher rewards.)