Friday Roundup: Charge it to my Credit Card Please!

by Kristina on June 17, 2011 · 2 comments

Hello DINKS and Happy Friday to you all.  Last weekend was the Formula 1 car race in Montreal.  The F1 weekend is a super busy 4 days (it starts on Thursday and ends with the final race on Sunday) which are packed with concerts, parties, food, and of course some fast cars. During F1 weekend the city becomes packed with rowdy tourists who are happy the legal drinking age in Quebec is 18.  Everyone drives a little bit faster around the city, so I am extra careful when I cross the street during F1 weekend.  This weekend I am looking forward to some relaxing down time.

Today we are going to discuss the benefits and of our best Frenemy …our credit cards.  A frenemy is someone, or something, that we love to hate.  We love to use our credit cards when we need them, but we may hate having to pay them off when we receive the monthly bill.  I personally hate paying 19.99% interest on my VISA card and therefore I try to pay it off in full by the due date every month.

Here are some great posts from around the web about everything related to the love/hate relationship that we have with our credit card:

Yes I Am Cheap discusses debt settlement in the post Do-It-Yourself Negotiation of Credit Card Debt?

Money Crush talks about how we use our credit card in the post What’s Your Credit Card history?

Financial Samurai warns us about the ability of credit card companies to change our contract at any time (whether we agree or not) in the post Where Are My Credit Card Rights Citibank?

Enemy of Debt shows us how to pay off our debt with a plan in the post Your Debt Free Checklist

Here are three of my favorite posts from DINKS about credit cards:

Prepaid? Cash? or Credit?

What happens in Vegas…comes home on our joint credit card bill

The Perfect Credit Card

Photo by Hakan

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{ 2 comments… read them below or add one }

1 credit Sean June 18, 2011 at 11:56 pm

The call for reform came from senators Charles Schumer of New York, Jack Reed of Rhode Island, Bill Nelson of Florida and Robert Menendez of New Jersey.
In their letter to Fed Chairman Ben Bernanke, the lawmakers asked that card issuers be required to clearly identify if what they’re offering is a business card and if so, state that it does not carry the same protections as an ordinary credit card.
The lawmakers also want to require applicants to provide a business tax identification number, which would help minimize confusion. That type of verification is currently not required.

2 Jackie June 20, 2011 at 8:16 am

Thanks for the mention :)

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