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Cardworthy's Corner™
Cardworthy's Corner™
Professor Cardworthy's Corner™
"Are You Cardworthy or Cardsavvy?"™
The Professor Sez...
Today's Video Lesson: Lesson 130 - "Complaints"
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REVIEW CARD STATEMENTS. Bold!!!
-- While rare, small transactions can show up on your credit card statement that are not yours. Promptly dispute the charge with the merchant first and if necessary call the credit card issuer.
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I missed a payment on my account and the credit card issuer has frozen my points. How can I get them back?
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Unless there is a serious default most card issuers will require you to pay a fee to restore the points.
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EMAIL CARD OFFERS. Phishy!!!
-- Proceed with caution if you are solicited via email for a credit card offer or receive an email message from your issuer. There are a lot of sharks in cyberspace looking to devour your personal information for fraud purposes.
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Is it true that most credit card issuers compound interest charges on my
outstanding balance?
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Most of the top credit card issuers use a daily periodic rate instead
of a monthly periodic rate to calculate interest. This means that
interest is ...
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END JOINT ACCOUNTS. Keen!!!
-- It is always better to have credit in your name only and not with your spouse. If you get into financial trouble you might be able preserve one mate's credit score if the other one goes down the drain.
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I keep hearing about these new cards that allow you to pay for small purchases without handing the card over to a clerk. How does this work?
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Many of the top credit card issuers now offer the "contactless" option for purchases under $25. The card is equipped with a small transmitter that ...
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PAY TAXES WITH PLASTIC. Brilliant!!!
-- Use your rewards credit card to pay federal and state income taxes to buy more time to avoid penalties and to earn rewards which can easily offset the convenience fees.
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Is taking a cash advance on a credit card a good idea?
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Generally not. Credit card cash advances are intended as an emergency feature and they are relatively expensive compared to using an ATM or debit ...
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MAIL OFFERS - Looky!!!
-- Credit card mail offers are carefully selected for you and they are worth a second look. You may be surprised.
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If I receive a "pre-approved" credit card offer in the mail does this mean I am "guaranteed" to receive the credit card?
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No. The "pre-approved" offer is generally based on information in your credit bureau file and means it is highly likely you will receive the credit ...
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