Archive for the ‘Finance’ Category

Costco Credit Card Transition and your Credit Score

costcoamxSome 60 million of us are Costco members. So what will happen with your credit and credit score as the warehouse club transitions away from American Express?

How your credit could be hit twice

Earlier this year, Costco dumped American Express and announced they’d be starting a new relationship with Citibank. That means the new Costco reward credit card will be issued Citibank, not American Express. (There’s no word yet on exactly how rewarding the new reward card will be, but that’s a different story!) Continue reading

Best Credit Cards for 2015

-credit-cardChoosing the best credit card can be tricky. It depends on which features and rewards are most useful for you…how easy it is to qualify for those rewards…and what fees and interest rates apply. So we asked card expert Odysseas Papadimitriou to sort through all the available cards and pick the ones that are the best of 2015. There’s a card that makes it easy to get 2% back on all purchases. Another card offers 6% back at supermarkets. And one can deliver 8% back on gas. If you carry a balance on your credit card accounts, there are cards with variable interest rates as low as 6.25%…and cards with introductory rates of 0% valid for more than a year.

The best credit cards of 2015 (with no annual fee unless otherwise indicated)…* Continue reading

New FICO Rules

????????????????????????????????????????????????????????????????The New FICO Rules Are Tricky

 It soon may be easier and less expensive to obtain credit, thanks to updates to the FICO scoring system, which gauges how creditworthy you are. But be aware that there are some big catches.

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Totally Free Credit Score — Really!

credit_score_315-304Avoid the phony offers

Best Credit Cards for 2014

credit card 146% Back on Groceries, 5% on Gas and More

Choosing the best credit cards for your needs depends on the kinds of spending and borrowing you do—and even on how organized you are. To get the most out of your credit cards, consider signing up for multiple cards and using each for what it does best—perhaps a card that offers 6% back on groceries…and one that gives 5% cash back on rotating categories such as restaurants and department stores. Or you may want a card that charges a relatively low interest rate on unpaid balances. Caution: Rewards cards make sense only if you pay off your balances in full each month to avoid interest payments.

Among the best credit cards in different categories for 2014 (with no annual fee unless otherwise indicated and in some cases with a hefty sign-up bonus if you spend a certain amount within a few months)*… Continue reading

College Financial-Aid

aprilbell (sxc.hu)

aprilbell (sxc.hu)

Bait and Switch

Approximately half of all colleges lure incoming freshmen with appealing ­financial-aid packages, only to slash those aid packages in future years, often by several thousand dollars or more.

College Admissions Myths

Drake University

seesky (sxc.hu)

And what it really takes to get in

Many high school students and their parents don’t fully understand the college admissions process. They believe myths that can hurt a student’s chances of getting into his/her school of choice…or cause students to waste time and money applying to schools that really are not within reach.

 

MYTH: A college sent me a letter (or an e-mail) asking me to apply, so I’m likely to get in.

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