Nearly 2 Of 3 Millennials Don’t Have Credit Cards

Nearly 2 Of 3 Millennials Don’t Have Credit Cards

Millennials — those Americans currently between 18 and 29 years of age — never really lived in a world without debit cards, when the only way to make a non-cash purchase was to use a credit card or hope the store accepted personal checks. So it may come as little surprise to some that nearly two-thirds of the consumers in this age group don’t have a single credit card to their names. [More]

Despite Lessons From Great Recession, Few Consumers Save For Emergencies

Despite Lessons From Great Recession, Few Consumers Save For Emergencies

Did consumers learn nothing from the Great Recession? Okay, they learned several things, but putting away for a rainy day doesn’t appear to be one of them. [More]

Study Confirms That Most Of Us Carry Less Than $50 Cash

Study Confirms That Most Of Us Carry Less Than $50 Cash

Sometimes the effort needed to fumble inside my wallet for cash and change just seems too much of a burden. So I rarely use the tender and instead go straight for the debit card. And it appears I’m not alone in my preference for not carrying cash. [More]

Is In-Person Banking Going The Way Of The Dodo?

Is In-Person Banking Going The Way Of The Dodo?

When I was a child, I remember going to the bank every Friday with my mom. She’d run inside to deposit her paycheck, or pull up to the drive-thru window where the teller would sometimes put a candy in the cash envelope if he or she saw me or my siblings sitting in the car. It’s all very quaint and rose-colored now, but that notion of going to the bank on a regular basis appears to be a thing of the past. [More]

24% APR Crushes Reader To Death

24% APR Crushes Reader To Death

I have a card with one bank (that I am trying my hardest to pay off ASAP) that is 24% APR. It is killing me. A week or two ago, you had an article about a woman who paid off all her credit card debt over the course of 20 months or so. Good for her and it was a good story. One thing about it had me wondering though. She said that she negotiated with her lenders to get lower interest rates on her cards. How do you suggest I do that?

Watch Out For Fees With Gift Cards

Watch Out For Fees With Gift Cards

Like candy canes and drunken family dinners, gift cards have become a Christmas staple. Bankrate has reviewed a wide number of them and published the results to help you pick the best one for your needs. To avoid fees, you should stick with “closed-loop” cards—that is, a card issued by a specific retailer for use only with that retailer. Almost all retailers now offer cards that don’t expire and don’t charge maintenance fees, with the notable exceptions of Macy’s and Bloomingdales, whose cards both expire two years after purchase. However, several retailers—CVS, for example—still charge “dormancy” fees on cards that have been inactive for anywhere from 6 to 24 months, so be sure to check the fine print to see how this is addressed.

Estimate Your FICO Score For Free

Estimate Your FICO Score For Free

To creditors, you are a walking, talking, three digit number. Creditors use that number, your FICO score, to judge your credit worthiness. A good FICO score can lead to favorable terms, but unless you pay a fee or sign up for a free trial, your score is cloaked in a shroud of secrecy. Until now.