http://www.nuuvoo.com/creditcardblog Blog about Credit Cards, Tips and Managing Credit Cards Mon, 04 May 2009 21:24:40 +0000 http://backend.userland.com/rss092 en You're not going to get airline miles with a secured credit card, but you also don't have to pay 21 percent interest. There are dozens of offers for secured cards on the market. Here's some tips for making sure you get the best deal you can. 1. Check your credit score ... http://www.nuuvoo.com/creditcardblog/2009/05/5-things-to-know-about-secured-cards/ The balances on American consumers' credit cards fell at a 9.7% annual rate in February, the fastest rate of decline since late 1976, the Federal Reserve reported Tuesday. Total outstanding consumer credit, including both revolving and nonrevolving credit, fell at a 3.5% annual rate, or $7.5 billion, to a seasonally adjusted ... http://www.nuuvoo.com/creditcardblog/2009/05/credit-card-debt-shrinks-2/ College seniors are graduating with an average credit card balance of $4,100 – up from about $2,900 in 2004 – and much of that debt is directly related to their education expenses, according to a survey from SLM Corp. The Reston, Va.-based student lender says college students used credit cards last ... http://www.nuuvoo.com/creditcardblog/2009/04/student-credit-card-debt-climbs/ The balances on American consumers' credit cards fell at a 9.7% annual rate in February, the fastest rate of decline since late 1976, the Federal Reserve reported Tuesday. Total outstanding consumer credit, including both revolving and nonrevolving credit, fell at a 3.5% annual rate, or $7.5 billion, to a seasonally adjusted ... http://www.nuuvoo.com/creditcardblog/2009/04/credit-card-debt-shrinks/ Consumer borrowing plunged in February by more than analysts expected as Americans cut back their use of credit cards by a record amount. The Federal Reserve said Tuesday that consumer borrowing dropped at an annual rate of $7.48 billion in February, or 3.5 percent, from January. Wall Street economists expected borrowing ... http://www.nuuvoo.com/creditcardblog/2009/04/consumers-putting-away-their-credit-cards/ MasterCard and other credit card companies do not obtain revenue and profits from interest rates and fees charged to cardholders. The company does not issue credit cards, extend credit to cardholders or set interest rates. As an international franchisor, MasterCard earns an initial franchise fee when it signs up a bank ... http://www.nuuvoo.com/creditcardblog/2009/03/how-credit-card-companies-make-their-money/ The economy is affecting everyone. As people loose their jobs or face paycuts or even loosing their home, everyone is being frugal these days. The use of credit cards is so prevalent in our society that it is almost unthinkable to see a drop in their use. We ourselves use credit ... http://www.nuuvoo.com/creditcardblog/2009/03/credit-card-use-drops-8/ The average annual interest rates for most of the popular credit card types went up again for the fourth straight week. This applies to all the popular types of credit cards like low-interest credit cards, balance transfer credit cards and cash back credit cards. For low-interest credit cards, the average APR jumped ... http://www.nuuvoo.com/creditcardblog/2009/03/credit-card-interest-rates-go-up-again/ Credit card companies can get away with much more than you'd think. A ''fixed-rate'' credit account only means that it doesn't fluctuate according to an index, such as the Federal Reserve's prime rate. It does not guarantee that your interest rate will remain the same in perpetuity. Generally, when your interest ... http://www.nuuvoo.com/creditcardblog/2009/03/credit-card-rate-jacking/ The average interest rate for most credit cards went up last week. This applies to all the popular types of credit cards like low-interest credit cards, balance transfer credit cards and cash back credit cards. For low-interest credit cards, the average APR jumped up from 11.43% to 11.52%. Low Interest credit ... http://www.nuuvoo.com/creditcardblog/2009/03/interest-rates-for-credit-cards-go-up/