In the past I’ve written about irresponsible credit card usage and how it benefits other cardholders. Used without proper care, a credit card can be quite dangerous.
I’ve also written about how personal loans aren’t always bad debt. Just because something can be used irresponsibly, it doesn’t mean that they should be avoided at all costs. Instead you should learn how to properly use it to your advantage.
So when other financial writers are proclaiming that credit cards are the spawn of Satan, I just don’t buy it. When they make such absurd claims, they are just letting people deny any responsibility for their mistakes with credit cards. Continue reading
Do you know what the most popular iPhone 4 app is? It’s not angry birds, and well I guess it’s not really much of an app at all, but a majority of the people I know with an iPhone 4 have at one point or another seen the dubious spider cracked screen. Almost as ominous as the Windows blue screen of death, if you’ve been fortunate enough to never drop your phone, consider yourself lucky.
About a year ago, I decided to upgrade to an iPhone 4 and within a month I had already dropped the phone and shattered the screen. I was seriously heartbroken, it takes a lot for me to make a big purchase like that(I’m cheap!) and now I was going to have to buy a new one or pay Apple a ridiculous $200 replacement fee. As I was contemplating my options, I remembered about my credit card protection plan. At the time, my card was an AMEX Gold that I was trying out. It turns out they had an awesome retail protection plan that goes way beyond lost or stolen items.
I love taking advantage of credit card sign-up bonuses but this was the first time I was aware of any type of protection plan for my purchases. In order for AMEX to cover the replacement cost of my phone, I had to write a letter saying I had no other form of insurance, get it notarized and have it sent in. I took my old phone to the Apple store, paid for a new one and AMEX credited me the $200. It was a pretty simple process and it turns out that almost all credit card companies offer some type of protection against these types of events. Continue reading
If you are going to be using a credit card to make purchases, it’s a no-brainer that you’ll want to earn some kind of reward in return.
For many people, the obvious choice is an airline miles credit card. Unfortunately that credit card choice may actually be costing them more money to use.
People are just too excited by the allure of ‘free’ flights that they overlook how their credit card is creating higher expenses. Let’s look at some of the ways that an airline credit card costs you more.
Taking More Vacations Than Normal
The biggest way that an airline miles credit card costs you more money is the increased frequency of taking vacations. Previously you may have taken a big vacation every 2 or 3 years. When you know your credit card purchases are helping with the price of the flight, you might increase that to an annual vacation. Continue reading