Subscribe to this BlogMore Money Thursday roundup: Credit card shenanigans & timing the market
Five personal finance highlights from around the Web:
- More credit card company shenanigans: One cardholder shares her experience with Citi: The bank will double her interest rate unless she transfers $5,000 of other debt onto her Citi credit card. [Consumerist]
- Thinking about regifting something this holiday season? Brad Tuttle has some rules on how to do it right. [It's Your Money]
- When it comes to car insurance, pricing is based on 10 factors that are out of your control. So it pays to shop around. [MintLife]
- Maybe you can time the market. A new study challenges the notion that it can't be done. [The Big Picture]
- Recent credit card reform has prompted the industry to enact the Safe Credit Revision Everyone Wins Undertaking, also known as S.C.R.E.W.U. Animator Mark Fiore explains it in the video below. [The Consumer Reporter]
Not "almost Believable".
I had a Credit score over 800. My credit card interest rate went up over 5% for no reason. When I asked they said it was going up across the board. I was also told I could drop the card if I wanted but it would surely reduce my credit rating.
Nice. Thanks Obama!
We all get screwed to protect the morons that should not have a card and could not control themselves.
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The Citi CIT gives an opt out option to keep current terms until expiration date, or opt out and keep current terms with account closing right then… the cost of borrowing money is going up because there is less to offer and higher risks to banks for their consumers.. have some honesty when posting this stuff at least