A Thoughtful Response to the Idea of Maxing Out Your Credit Cards in Your 20s

Because you’ll read a lot of hate-takes on this Washington Post article today.

Goliath vs Goliath: Stores And Banks Attack Each Other; FBI Caught In Crossfire

Right now, credit cards, chip or no chip, do feel pretty unsafe. But banks don’t want us to think so.

The History of Credit and Our Credit Histories

Super high interest rate cards really took off in 2010, as—and this is just my educated guess—a bunch of people who took a credit score hit in the recession needed access to credit.

Talking to a Zero Interest Balance Transfer Wizard

“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.”

Checking the Transactions

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.

Access to Credit and the Poor

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.

Five Credit Card Mistakes You Can Fix

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.

Ten Years After Maxing Out My First Credit Card, I’m Still Figuring It Out

I got my first credit card in college, setting it aside for emergencies only. The first “emergency” was a pair of jeans from the Gap on Newbury Street, purchased on a quiet, wintry Tuesday. The second “emergency” was a plane ticket to San Diego. The other subsequent “emergencies” are less memorable, but most likely consisted of cheap handbags from H&M and Camel Lights.

Paying More Because You’re Paying With a Credit Card

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.

How I Faced $20,000 in Credit Card Debt and Won

Several years ago, I made the final payment that relieved me from a crushing burden of debt that took me three years to pay off. Throughout my twenties, I accrued approximately $20,000 worth of credit card debt.