Because you’ll read a lot of hate-takes on this Washington Post article today.
Right now, credit cards, chip or no chip, do feel pretty unsafe. But banks don’t want us to think so.
“When I do a balance transfer, I try to remember to log in my calendar when the rate expires. At that time, I’ll transfer that balance to another card. Then, after a billing cycle, I’ll transfer it back to the 0 percent card.”
Last night, I went through my credit card transactions (as I like to do on weekly basis), and noticed that on Oct. 17, I was charged $8 by Delta in Atlanta, Georgia. That was this last Friday, and I was here, in New York, eating a fried chicken sandwich in Brooklyn at the time; the charge for the sandwich appeared next to it.
In the NYT Times Magazine, economics reporter Shaila Dewan looks at how credit card debt helps low-income people. For one thing, having access to credit and demonstrating an ability to pay back money you borrow builds a better credit profile that helps people save money over time.
Oops! It happens to all of us. We make a big mistake with our credit cards. These mistakes are not just embarrassing, they can be costly as well.
According to the New York Times, agreements with three major credit companies—American Express, Mastercard, and Visa—is clearing the way for retailers to institute “two-tier pricing,” which means charging people more at the register for paying with their credit cards than with a debit card or cash.