When you receive a new credit or debit card in the mail, it usually arrives in need of activation. You have to call a number and verify some information: sure, no information that a determined identity thief wouldn’t already have, but at least it stops random passers-by from harvesting credit cards from mailboxes. Only pre-activated cards are a new trend in banking again. Some customers aren’t thrilled. [More]
where credit is due
Everyone who signs up for airlines’ frequent flyer programs dreams of cashing in their miles for amazing vacations. Credit card companies are counting on you being so enamored with that vision that you’ll relax your spending discipline in pursuit of the goal.
We mentioned a few weeks ago that more Americans have begun paying down their credit card debt during the last two years rather than maxing out their accounts with stuff they can’t afford. Now comes another sign of more responsible behavior… the rate of late credit card payments is the lowest it’s been in 17 years — .That’s an entire Bieber!