Capital One Profits Zoom As Cardholder Spending Grows
Updated: 2012-05-01 00:00:15
Capital One Profits Zoom As Cardholder Spending Grows by Daisy Antipuesto on April 30, 2012 First quarter profits for Capital One were higher than expected , and credit-card rewards programs are responsible for the customer spending that moved those profits ahead . Capital One’s net income moved up by 37 percent to a total of 1.4 billion . That pushed the stock up to 2.72 per share . Net income last year was 1.02 billion and 2.21 per . share Besides consumer spending fueling the gains , Capital One also said 594 million of their profits were due to an accounting gain they got when they bought ING Direct USA . Their profits beat the average estimate of many . analysts One analyst said thanks to lower unemployment rates and increased consumer confidence , customers are far willing to spend a
Rewards Devaluation Starting To Dramatically Impact Cardholders by Fran Riconalla on April 30, 2012 If you’ve ever opened a new rewards card excited at the possibilities all of those air miles will bring you , then seen the number of miles required to redeem your free tickets go up more than you’d expected , you’ve experienced rewards devaluation . The basic concept is this the number of miles , or points , needed for your reward increases , making those that you’ve already earned not quite as valuable as you thought they . were This can occur any time you earn rewards . From the supermarket to the credit card , it’s happening everywhere . In fact , analysts estimate 16 million in rewards go unused every single year , and a big part of that problem is rewards . devaluation There are
Most people are preparing to spend this weekend celebrating Easter or Passover. But if you're not the religious type, let me inform you about a fun little holiday today called New Beer's Eve.
On April 7, 1933, as the Prohibition was winding down, Americans were finally able to legally buy beer again. On the eve of April 6, according to CNN, people danced in the streets and lined outside brewery doors "in anticipation of the return of legal beer that actually had some alcohol in it."
Whatever holiday you choose to celebrate this weekend, cheers! And be sure to read on for my roundup of my 10 favorite personal finance blog posts from the past week.
Prepaid credit cards can be a good starting place if you have bad credit and can't qualify for a standard card. But I have concerns that the Control Card, a new prepaid credit card co-branded with BET Networks, is so fee-laden that it may do more harm than good.
Keep on reading for my list of my favorite personal finance blog posts from the past week!
President Obama tells personal finance writers about his early years managing debt: "I went to law school and much of my college was on scholarship. So did my wife. We were still paying off our student debt nine years after I graduated from law school. Our first home was a modest condo and I remember scraping together the down payment to purchase it at prevailing interests rates.
"When Michelle and I first met, the car I was driving I think I bought it for $500 and it had a big rust spot in it that you could see the road from the passenger side, so I know Michelle wasn't marrying me for my money. We had credit card debt that was tough to pay off."
I feel like I've finally hit a credit card milestone: I bought my first plane ticket on frequent flier miles!
I've been using a Chase Continental business card for a few years, building up points, so when my mom said to come visit her in Ireland where she's studying, I was ohsoclose to having enough points for a free flight with them.
Then I discovered how to make my soon-to-be-Irish eyes smile.
Who still goes into a bank anymore and what are they doing in there?
I pondered that question on a recent drive in to work. On my roughly 15-minute commute to work, I drive past about a dozen bank branches for large national banks as well as regional and state banks and credit unions. In many major cities, banks are on every other corner of major thoroughfares.I may not represent the typical banking client, but I'm pretty sure I'm part of an increasingly large number of them who bank electronically. If I go near a bank, it's to drive through the ATM lane. On the now-rare occasions when someone gives me a paper check (yuck!), I use the drive-up teller to deposit it.
While Pinterest.com was launched well over a year ago, it didn't become mainstream until a few months ago. When it did, it caught on like wildfire, growing faster than any previous social network and delivering more traffic to companies that most other social networks combined. It's like an online vision board, allowing you to collect ideas or dreams for the future. But is it also encouraging people to idealize a lifestyle that is impractical or unattainable?
Keep reading for my thoughts on that and a roundup of my top 10 favorite personal finance blog posts from the past week!
3 Best Credit Cards for Your Summer Vacation by Ben DeMeter on April 30, 2012 It’s never too early to start planning your summer getaway , and this year you can make your vacation even more enjoyable by cutting costs with a great travel credit card Right now , credit issuers and their affiliated airlines and hotels are offering some amazing signing bonuses on their latest round of . products In addition to free flights and cheap nights , these cards can help you secure lower rates on rental cars and in some cases will even provide insurance in case of an . accident Here’s a look at 3 of the best cards on the . market 1 The British Airways Signature . Visa If you’ve ever wanted to see foggy London Town or anywhere else serviced by British Airways then you should definitely consider signing
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Five Things to Do and Not Do For Your New College Grad by Carla Fried Daily Capital on 04 30 2012 Let’s face it , the need for financial aid doesn’t magically disappear once a college diploma is earned . New college graduates heading out into the real world will likely come a knockin’ on family doors for some help in the early going . Here’s how to help a new college graduate without totally messing up your own : finances Do make sure they have health insurance . Even for graduates who’ve managed
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Carla Fried Daily Capital Five Things to Do and Not Do For Your New College Grad by Carla Fried Daily Capital on 04 30 2012 Let’s face it , the need for financial aid doesn’t magically disappear once a college diploma is earned . New college graduates 0 comments by Carla Fried Daily Capital on 04 30 2012 Carla Fried Daily Capital is a freelance journalist who has covered just about every nook and cranny of personal finance for media including Money Magazine , The New York Times , and CBS
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Why You Should Care About What Happens in Europe by Philip Cioppa on 04 30 2012 Often , events that occur in some other part of the world do not seem relevant to us . For example , when we read about the European debt crisis and the problems in Greece , it’s all too easy to think of it as their” problem and to not understand why we should care about what’s happening there . In fact , economic developments on that continent have a very real impact on our economy here at home , not to mention on
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Don’t Travel Without Knowing Credit Card Basics by Credit.com on 04 30 2012 Many consumers these days rely on their credit cards to make many of their everyday purchases , and that becomes especially true when they go on vacation , as using a card is often more convenient than carrying . cash However , consumers who are planning a vacation should get familiar with the terms and conditions of their credit card accounts so that there are no surprises on their bills when they get back , according to
: Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Survey : Consumers Want to Build Their Credit by Credit.com on 04 30 2012 Nationwide , more consumers are growing aware of the considerable importance their credit rating carries , and the way it affects them in their everyday lives . As a consequence , many are now looking to improve their credit score but may not be sure how to do . it These days , the majority of consumers say that the area of personal finance in which they could use the most help is in improving their credit score according
, Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Romney , Obama Both Support Student Loan Interest Freeze by Credit.com on 04 29 2012 Though the nation’s two major political parties have very little they can agree on , it seems that one issue where there’s a bit of common ground , at least among each side’s likely presidential candidates , is in the area of student . loans Both President Barack Obama and likely Republican nominee Mitt Romney have come out in support of a bill that would freeze the interest rates on federal student loans at
. Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Rejected for a Loan or Credit Card Next . Steps by Credit.com on 04 29 2012 These days , though many lenders are now relaxing their existing credit standards to allow more consumers access to new loans and credit cards a large number of people are still having trouble . qualifying As a consequence , those consumers who applied for a loan or credit card only to be rejected may be left wondering what to do . The trick in most cases is to simply be patient and responsible about how they proceed .
, Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans More Adopting Mobile Credit Card Processors , Payments by Credit.com on 04 28 2012 The largest processor of mobile credit card payments recently reported that in just the last month it has seen its annualized expectations for transaction values surge by 25 . percent Square , the mobile payment processing startup created by Twitter co-founder Jack Dorsey , recently revealed that it saw projected transaction values for 2012 climb to more than 5 billion in March , up from February’s expected total
, Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Young Adults Struggling Financially Under Credit Card , Loan Debt by Credit.com on 04 27 2012 These days , college kids are graduating from school with tens of thousands of dollars in debt spread across credit cards auto financing and student loans and experts say this could all have been avoided with a little bit of financial . education A large amount of data suggests that young adults in their 20s are having a larger amount of financial difficulties these days due to a number of factors ,
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Credit.com in the News 4 28 12 by Tim Langevin on 04 28 2012 The experts from Credit.com contribute to a wide range of publications on subjects including taxes , identity theft , credit scores , credit cards and debt . Check out the recent hits Credit.com co-founder Adam Levin appeared on Fox and Friends to discuss the country’s new mortgage mess He sets the record straight on what’s being done in Washington to protect consumers and lays out what further actions need to be taken to protect
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Say Something Already Obama Romney’s Housing Crisis by Adam Levin on 04 27 2012 President Obama , Governor Romney and their backers may be spending hundreds of millions of dollars to live in the most expensive and exclusive house in the nation , but they aren’t saying enough about the fact that housing in America is broken Despite what the media and candidates might have you believe , real estate , home ownership and mortgages are the most important issues of the coming presidential election . No
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Can Your Roommate Ruin Your Credit by Tom Quinn on 04 27 2012 Jim has a question about his roommate and credit information . 160 Jim is careful to always pay his bills on time , keep his credit balances low and has a pretty good credit score . 160 Rick , his roommate , is quite the opposite and is frequently late with his credit payments and has several credit cards with high balances . If you don’t know already , you’ll want to learn how credit scores really work Jim heard that it’s possible
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Critics Say Mortgage Lending Too Tight by Credit.com on 04 27 2012 The recent financial downturn caused many financial institutions to significantly tighten their lending restrictions , and understandably so . But as the economy continues to improve , many are once again loosening them , with the exceptions of those which grant home . loans Mortgage lending standards have remained particularly tight even as those for other lines of credit have slackened appreciably , likely due to both the
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Should Consumers Avoid Having Too Many Credit Cards by Credit.com on 04 26 2012 Many consumers may have heard about a new trend in recent months that has led borrowers with stronger credit scores to accept the large number of offers for new credit cards they may be receiving from . lenders The reason for this , ostensibly , is to reap the hundreds of dollars worth of points , cash back and miles now being offered on introductory deals for rewards credit cards according to a report from Reuters
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Choosing the Right Travel Rewards Credit Card by Beverly Blair Harzog on 04 26 2012 I frequently get asked if it’s better to go with a general travel rewards credit card or with one that’s branded by an airline . Well , the answer to that depends on how you answer this question : Do you fly on one airline the vast majority of the time If the answer is no , then stick with a general travel rewards card , such as the Chase Sapphire Preferred Credit Card The general cards offer flexibility and you
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Posts Credit counseling by Emily Peters on 10 03 2005 The Washington Post reported today that more and more credit counselors are having their non-profit status revoked by the IRS . 1 comment by Emily Peters on 10 03 2005 Business owners and ID theft by Emily Peters on 10 03 2005 The Association of Certified Fraud Specialists recently held a conference to discuss new trends in identity theft . The fastest growing 0 comments by Emily Peters on 10 03 2005 Don’t belive the rumors by Emily Peters on
If you are like the average American it's likely that you receive dozens of credit card offers through the post each year. In this article we look at the ways to limit the amount of spam mail that you receive.
It's incredibly easy to get into credit card debt yet not as easy to get out of it. If you do want to lower the amount you owe and move towards a debt free life there are a few things that you can do.
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Six Dangerous Words If You Are In Debt by Gerri Detweiler on 04 25 2012 If you are in debt and struggling to get out , there are six very dangerous words that may affect your financial future in significant ways . If you hear these words , put up your guard , and question carefully whether they are . true Before I tell you what those words are , let me first state that I am not a bankruptcy attorney or credit counselor , and I don’t run a debt relief firm . I consider myself first and foremost an
Mobile credit card processing solutions have increased in popularity over the last year. In this article we take a look at the three most popular options and analyze their prices.
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Debt Confessions of a Former Priest by Philip Cioppa on 04 23 2012 True confession I am about to share with you a part of my life that I am not proud of , but it’s a story that needs to be shared . Most of you don’t know it , but for 18½ years I served as a Roman Catholic priest . In 2001, I left the priesthood in excellent standing to pursue other avenues in life . When I left however , I was deep in credit card debt . I dug myself out eventually , but looking back at my situation , I marvel at
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Student Loan Rate Legislation Gaining Momentum by Credit.com on 04 23 2012 A bill that was recently proposed at the federal level would extend current rules that keep the interest rates on federally-issued student loans at their current low levels is gaining a significant amount of support in . Congress The latest federal lawmaker to come out in favor of this legislation is New York Senator Charles Schumer , a Democrat , who recently pledged his support for the bill in a speech to students at
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans CFPB’s New Guidelines for Mortgage Servicing by Credit.com on 04 21 2012 The federal Consumer Financial Protection Bureau will formally introduce a number of proposed rules for the mortgage servicing industry later this summer , aiming to have them finalized by January of next year , according to a report from the new watchdog agency Oftentimes , consumers don’t even have the option of choosing their own mortgage servicer , as the company is typically hired by the lender issuing the home loans
Some credit cards sound too good to be true and in most cases they probably are. Here we look at some of the tempting perks offered by credit card companies and how to check whether they really are beneficial or not.
Most high street stores now offer their own credit cards for store purchases but unless you are aware of the terms and conditions you may end up paying out more than you save.
Credit card consolidation is a great way to get your debts under control however there are some other things that you should consider in order to stay debt free in the long term.
Almost all credit cards come with perks to entice people, here we look at some of our favorites.
PayPal used to be the main online payment solution for millions of people around the world. However with Square gaining serious ground in the mobile payments department, will PayPal still survive?
If you are late paying your credit card bill you may find that you not only incur charges but also ruin your credit card rating. Here we discuss three ways to avoid credit card late fees.
Millions of people fall victim to credit card theft every year and knowing what to do should the unthinkable happen is vital. The advice in this article should help you.
Hello . Sign in to get personalized recommendations . New visitor Start here Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Excellent Credit Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Prepaid Cards Credit Reports Personal Loans Consumers Paying Credit Card Debt Instead of Mortgages by Credit.com on 04 20 2012 During and immediately following the recent recession , many consumers worried more about paying their credit card bills on time , instead of their mortgages . Now some indicators reveal that trend may be rearing its head . again The latest Credit Risk Index from the credit monitoring bureau TransUnion recently found that consumer credit risk rose at the end of last year for the first time since 2009, and a major
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