Use this credit card strategy to earn money and avoid interest for years

Leveraging fee-free 0% APR balance transfers and 0% APR purchase promotions can be a savvy way to manage finances, avoid interest, and actually earn money. The concept is quite simple, and you’ll need just two credit cards, one with a 0% APR purchase offer and another with a fee-free 0% APR balance transfer offer. During the 0% APR purchase promotional period, you’d charge all of your purchases to that card. When the promotional period is over, you’d pay off the balance by transferring it to the credit card that has the 0% APR for balance transfers. …

DCU axes its 0% APR balance transfer offer, replaces it with new, longer offer

Usually on January 1st each year, Digital Federal Credit Union offers its members 0% APR balance transfers. As an added bonus, there was no balance transfer fee. In 2024, DCU is introducing two changes to its yearly balance transfer promotion. The APR has increased from 0% to 9.99%, and unlike previous years, where members had until their July or August statement to settle balance transfers, the deadline is extended until November of 2024. This offer, while a total disappointment for those who had been waiting all year for it, is not completely useless. With inflation, DCU, …

Visa launches Visa+ to allow instant peer-to-peer payments across different payment platforms

Visa has announced the launch of a new payment service called Visa+. This service allows users to send instant payments to other users on different payment platforms. Currently, the service is available to select Venmo and PayPal users and is expected to become more widely available in 2024.These users can send funds to anyone with a Visa+ Payname. Visa+ is a significant advancement to digital payments, offering users an even more convenient and effortless way to send and receive …

Walmart cardholders’ credit may ultimately be affected by Walmart’s lawsuit against Capital One

In a lawsuit filed in a New York federal court on Friday, Walmart accused its credit card partner Capital One in a New York federal court. Walmart accused Capital One of failing to meet the customer service standards outlined in their contract and is seeking to end their partnership. Walmart’s 2018 contract with Capital One required the credit card company to provide specific levels of service to Walmart and its customers. However, according to Walmart, Capital One repeatedly failed to meet several important requirements, giving Walmart the right to terminate the contract. The lawsuit states that …

Bad news for Walmart MSers as American Express changes the Bluebird fee structure

American Express has changed the fee structure for its popular prepaid debit card, Bluebird. Starting on March 30, 2023, Bluebird will no longer charge a fee for loading money onto the card at Family Dollar stores. This is great news for customers who frequently use Family Dollar to load their Bluebird cards. But for a lot of customers who load the card at Walmart, the fee structure may be bad news as free Walmart loads are no longer possible. Bluebird customers loading their card at Walmart will now be charged a fee of $3.74 per load. …

Crypto entrepreneur and celebrities face SEC charges for fraud and illegal promotion of crypto

Justin Sun and his three fully-owned companies: Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly known as BitTorrent) are facing charges from the SEC for selling crypto assets Tronix (TRX) and BitTorrent (BTT) without registering them as securities as required by law. The SEC also claims that Sun and his companies cheated by artificially boosting the trading activity of TRX by buying and selling TRX to accounts that they controlled or had influence over, without actually transferring the ownership of TRX to someone else. Specifically, Sun is being accused of telling his employees to …

Tips on using Experian’s CreditWorks Premium trial that can give you free FICO scores for years

Experian is notorious for offering what seems like a never-ending trial of its credit monitoring service. Although Experian entices consumers with a 7-day trial of its CreditWorks Premium credit monitoring service, you can renew the trial for years. Even better, Experian retains your credit reports and scores that you viewed during your trial, making this an excellent tool for anyone looking to track trends in their credit. The below guide offers tips on signing up for Experian CreditWorks Premium, using the service, and managing your membership. (1) Signing up Sign up for a 7-day trial …

How to get free Experian, Equifax, and TransUnion FICO scores

There are countless sites offering you free access to your credit scores. The companies that do offer continued free access to your scores are undoubtedly just providing you with your Vantage scores, which differ from FICO scores in their calculation methods and, consequently, the resulting scores. Most importantly, FICO scores are what most lenders (roughly 90%) use. It’s not uncommon for financial institutions to provide customers with access to certain FICO scores. They will usually provide access to the FICO score that they use. While most banks and credit unions provide you with your FICO score on …

The risks of not reviewing your credit reports each month

Under the Fair Credit Reporting Act, consumers have the right to obtain a free copy of their credit report from each of the three major credit bureaus (Experian, Equifax, and TransUnion) once every 12 months. But, this shouldn’t be the only time that you’re reviewing your credit reports. Inaccurate information in your credit reports not only directly affects your credit score. The price that you pay for credit could be affected. This means that you could pay higher interest rates without even knowing it. You could also be denied credit or service because of information in your …