Q: How can you apply for an American Express Red Card? A: This is a question I get asked regularly, so at this point I figure it would be easiest to write a blog post about the Red Card What is it? This credit card has been around since 2006. It’s a rewards card, but [...]
Tags: Card, Express Red, Express Red Card, Red Card
Posted January 20, 2010 by Admin under Financial News
If you have found yourself with a high credit card balance and a high interest rate to go along with it, you are not alone. Many households today have credit card debt totally well over $10,000. While 0% interest transfer credit cards are not as plentiful as in the past, they do still exist. If [...]
Tags: Card, Card Debt, Credit Card, Credit Card Debt
Posted November 29, 2009 by Admin under Financial News
Bucking seasonal trends, credit card delinquencies decreased during the third quarter. While small, the decrease in late payments from 1.17 percent to 1.1 percent is a positive sign for consumer lending, especially given the fact that consumer delinquencies have not dropped during this period in a decade. Delinquencies, which are payments 90 days late, are [...]
Tags: Card, Credit Card
Posted November 25, 2009 by Admin under Financial News
A few years back, getting approved for a credit card online took less than a minute. Such is not the case today. Credit card companies are spending more time reviewing credit card applications and instant credit card decisions are essentially a thing of the past. For last minute credit card shoppers, this could prove to [...]
Tags: Card, Credit Card
Posted November 24, 2009 by Admin under Financial News
Experts at PricewaterhouseCoopers say the moves will be necessary to cope with a 50% rise in bad debts on credit cards, expected to be close to £5bn by the end of next year. PwC predict a personal debt timebomb where as many as 1,000 customers a day will find it necessary to seek help because [...]
Tags: Card, Credit Card
Posted November 9, 2009 by Admin under Financial News
Financial Mail personal finance editor Jeff Prestridge examines what it could mean for regular users of credit cards, especially those who struggle to clear their debts. Why is the Government getting tough on credit card issuers? It believes that too many consumers are being encouraged to build credit card debt. And once in debt, many [...]
Tags: Card, Card Crackdown
Posted November 3, 2009 by Admin under Financial News