Responsible Credit Card Use
This is a guest post from The Digerati Life is a personal finance blog discussing credit card reviews, proper credit card use and other financial resources.
Credit cards have benefits, despite their dangers. While it may not be advisable to have a plethora of them if you’re a spendthrift (being that credit cards can be a dangerous tool in the wrong hands) for those of us who have better self-control, there are solid credit cards that can prove to be more helpful than plain old debit cards.
Learn MoreThe Poor Transfer Wealth to The Rich Via Credit Cards
Reuters has a story about the poor getting bamboozled with yet another scam. No it’s not three card monte, or state run lotto tickets. It’s via credit cards, and the rich are getting well.. rich off of them. According to the Boston Federal Reserve report, with its pretzel logic, only poor people pay by cash, and the rich elite pay via credit cards. Who better to perform the study than the Federal Reserve. With their multi-generation devaluation of the dollar, the Federal Reserve is an expert about wealth transfer. The report though, is class warfare at it’s finest.
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Fidelity Investment Rewards Visa Card Review
We here at the Investor Junkie household have multiple accounts with Fidelity and is the primary account for our taxable investments. In addition, our low interest “fixed” rate credit cards suddenly skyrocketed to over 9% and now a variable rate. It was time for a new credit card strategy, because low interest rate credit cards are going the way of the do-do bird. We primarily used the cards for their points anyways, and after thinking about it, %1 return wasn’t such a hot deal.
