My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 2020 with at least $3 million.


By Topics

Overall:
0. About (10)
1. My Progress (139)
2. Car & Home (107)
3. Credit (138)
4. Banking (33)
5. Saving (49)
6. Investing (308)
7. Taxes (89)
8. Spending (74)
9. Misc (97)
A. Archive (49)



MONTHLY ARCHIVE

Feb 2014 (3)
Jan 2014 (6)
Jan 2012 (1)
Apr 2011 (1)
Mar 2011 (1)
Feb 2011 (1)
Jan 2011 (1)
Dec 2010 (1)
Oct 2010 (1)
Sep 2010 (1)
Aug 2010 (1)
Jul 2010 (1)
Jun 2010 (1)
May 2010 (1)
Apr 2010 (1)
Mar 2010 (6)
Feb 2010 (2)
Jan 2010 (7)
Dec 2009 (3)
Feb 2009 (4)
Jan 2009 (8)
Dec 2008 (1)
Jun 2008 (2)
May 2008 (2)
Apr 2008 (5)
Feb 2008 (3)
Jan 2008 (15)
Dec 2007 (32)
Nov 2007 (6)
Oct 2007 (8)
Sep 2007 (9)
Aug 2007 (24)
Jul 2007 (2)
Jun 2007 (1)
May 2007 (3)
Apr 2007 (4)
Mar 2007 (4)
Feb 2007 (13)
Jan 2007 (6)
Dec 2006 (3)
Nov 2006 (7)
Oct 2006 (7)
Sep 2006 (6)
Aug 2006 (4)
Jul 2006 (10)
Jun 2006 (1)
May 2006 (3)
Apr 2006 (2)
Mar 2006 (6)
Feb 2006 (6)
Jan 2006 (3)
Dec 2005 (1)
Nov 2005 (9)
Oct 2005 (8)
Sep 2005 (13)
Aug 2005 (25)
Jul 2005 (16)
Jun 2005 (17)
May 2005 (19)
Apr 2005 (20)
Mar 2005 (24)
Feb 2005 (23)
Jan 2005 (36)
Dec 2004 (40)
Nov 2004 (34)
Oct 2004 (17)
Sep 2004 (21)
Aug 2004 (59)
Jul 2004 (37)
Jun 2004 (31)
May 2004 (29)
Apr 2004 (52)
Mar 2004 (49)
Feb 2004 (49)
Jan 2004 (31)
Dec 2003 (48)
Nov 2003 (52)
Oct 2003 (29)
Sep 2003 (8)
Aug 2003 (5)
Jul 2003 (2)
Jun 2003 (2)
May 2003 (5)
Apr 2003 (2)
Mar 2003 (2)
Feb 2003 (3)
Jan 2003 (29)



 

10 Credit Card Tips for 2005

Contributed by mm | January 8, 2005 8:26 AM PST

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.)

This Post Has Received 1 Comment. Share Your Opinions Too.


ASAP Credit Card Commented on September 23, 2005

Here's another great tip!

Carry at least 2 different credit cards: one for long-term charges, and one for short-term charges.

Your long-term credit card should be the card with lowest possible interest rate. And since most "standard" cards (for people with GOOD CREDIT!) don't have an annual fee-- it shouldn't have an annual fee either! Use this card for all your BIG purchases that you can't pay off quickly.

Your secondary credit card will be for short-term charges. These are charges you can pay off quickly; preferably, within 30 days (or by the end of the grace period).

With this secondary card, you can find a credit card which offers SPECIAL REWARDS you're interested in earning. There are tons of options available, such as: airline cards, cash back cards, shopping & rebate cards, gasoline cards and more!

Since this "secondary" reward card will probably have a higher interest rate, only use it for purchases you know you can pay off quickly! You won't be paying much interest if you pay it off soon... but you'll be earning lots of rewards!

http://www.asapcreditcard.com


Add Your Comments










Remember personal information?




(It will take a few moments for your comment to be published. Please do not close the window until then.)


Read More ... 138 Posts In The Same Category










This page was last rebuilt at February 17, 2014 08:50 AM PST. (238 Words)
 

RSS FEED





PERSONAL FINANCE BLOGS I READ

Consumerism Commentary
Get Rich Slowly
My Money Blog
All Financial Matters
The Simple Dollar






.



Copyright 2003-2014, PFBlog.com. All Rights Reserved. (Privacy Policy)