Poll: Lending out your credit card often leads to disaster

CreditCards.com Weekly Newsletter

Rewards card tips to cut the cost of a trip to Disney World Credit card companies strive to make their card "top of wallet" – the one you reach for every time. But while loyalty to one card is great for issuers, it might not be so great for you. There are three big reasons issuers want to gain your loyalty, says Ezra Becker, senior vice president, financial services research and consulting for TransUnion. See the full story

More News Paying with cards at marijuana dispensaries? It's complicated Marijuana may be legal in your state. Does that mean you can pay for it with a credit card? Confoundingly, there are two answers to this question. The first one is, maybe – some marijuana dispensaries claim to accept credit cards. The second answer, though, contradicts the first one. According to numerous experts, the major credit card networks do not allow merchants to use their cards for marijuana purchases. See the full story

Charged Up! podcast: Financial tools to make your life better Venture capitalist Bill Malloy, with San Francisco-based Sway Ventures, talks about the latest tools in the marketplace to take your finances to the next level. From an app that manages all of your assets – money, investment funds, real estate – to a virtual credit card that consolidates your debt so you can pay it off faster, there are tools we can use to automate our financial lives. See the full story

Poll: Lending out your credit card often leads to disaster More than a third of Americans who have lent credit cards to other people ended up getting stiffed, according to a new CreditCards.com poll. In our survey of 2,253 U.S. adults, 49 percent who have ever owned a credit card admitted to lending their cards to spouses, children, friends, co-workers or other people to make a purchase. See the full story

Expert Q&A What type of card should I get before I go back to school? Every credit card issuer will require you to have a source of income. Since you are working right now, you have that covered. The issuer won't check up on you later to make sure you're still employed, but the requirement isn't just for them. It's for you, too. When you get a card and start to use it, you'll need enough money coming in to support any debt you accumulate with the account. See the full story

Taking Charge: a credit card blog CITI'S FEE REFUND PUTS SPOTLIGHT ON PENALTY CHARGES Citi's decision to voluntarily refund more than $330 million in fees to cardholders has penalty rates back in the news, but the fact is, you can avoid high interest rates and late fees that are triggered when you don't pay at least the minimum amount due. See the full story

Product News Earn up to 35,000 bonus points with the Starwood Preferred Guest cards from AmEx American Express has announced a limited-time promotion for the Starwood Preferred Guest Business card. The new offer, which ends March 28, 2018, lets cardholders earn 35,000 bonus Starpoints after spending $7,000 in the first three months – an increase of 10,000 points over the previous offer. See the full story

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