Closing a credit card will impact everyone in different ways. Here’s why.
Credit Score Insights After Closing a Credit Card One reader shared that after closing a credit card they had since 1981, their credit score only decreased by 4 points. Interestingly, I had a similar experience three years ago when I closed a card I’d used for more than 30 years. My score dropped between 20 […]
Man Shows How to Bypass Credit Card Holds at Most Gas Stations
Users on Facebook have discovered what they believe to be an easy method to prevent credit card holds at gas stations, though the validity and legality of this technique is under discussion. A short video posted by Ceith Griffith has received significant attention, racking up over 93,000 views and 5,000 likes, along with a fair […]
IRS Reveals New Tax Credit for 2027
IRS Unveils New Education Tax Credit Guidance The Internal Revenue Service (IRS) has released guidance that sets the stage for an important education tax credit set to launch in 2027. According to the IRS, the Treasury Department will permit states to enroll early in this new program, which is part of a larger federal tax […]
The use of virtual credit cards is increasing as online shopping expands and worries about fraud grow.
Credit Card Fraud Costs Rising Credit card fraud in the U.S. is projected to reach $12.5 billion in 2024, marking a 25% increase from last year, according to the Federal Trade Commission. Despite the rising costs, credit cards remain one of the safest payment methods available. They come with anti-fraud protections mandated by federal law. […]
Caution advised against hurried private credit agreements, says Canadian pension giant
Warnings from Canada’s Pension Fund Chief on Private Credit Market The CEO of Canada’s biggest pension fund recently cautioned that the private credit market is essentially a “buyer beware” environment, urging institutional investors to tread carefully. John Graham, who leads the C$778 billion ($561 billion) Canada Pension Plan Investment Board (CPPIB), shared his insights in […]
What an interest rate reduction means for borrowers of credit cards and mortgages
Federal Reserve Cuts Interest Rates Again On Wednesday, the Federal Reserve lowered interest rates for the third time this year, which could influence various aspects of consumer finance, from credit cards to mortgages and online savings accounts. With the new interest rates set between 3.5% and 3.75%, borrowers might find some relief. As a result, […]
Are you paying too much? 9 tips to reduce credit card fees
Understanding Credit Card Surcharges If you’ve been shopping lately, you’ve likely noticed a rise in credit card surcharges during checkout. These extra fees, though seemingly small, can really eat into your rewards and overall spending power. Commonly labeled as convenience or service fees, surcharges serve to help businesses mitigate higher processing costs. It’s crucial to […]
Why don’t supermarkets impose fees for credit card use?
Understanding Credit Card Fees in Grocery Stores In our “You’ve Always Asked” series, we’re tackling questions about the business world, whether they’re big or small. One question that often comes up is: why do retail stores usually charge credit card fees, but grocery stores don’t seem to do so? Using a credit card at checkout […]
A Method to Avoid Your Credit Card’s Hidden Interest Pitfall
The Pro-Trump News homepage updates with 60 new headlines every day. With interest rates high, credit cards might be playing a long game. There’s this “sneaky interest trap”—the 20-30% annual interest rate lurking behind rewards points and cash-back offers. These hidden charges can turn a $5,000 holiday spending spree into over a $1,000 annual cost […]
Certain store credit cards have a hidden drawback that can lead to significant costs, expert warns.
Things to Consider Before Signing Up for Store Credit Cards This Holiday Season If you’re shopping in stores this holiday season, you might find yourself being asked about signing up for a store credit card at checkout. It’s quite an enticing offer. Typically, you can apply right there at the register, and it often comes […]