Posts Tagged ‘credit cards’

Managing Our Credit Cards – Are we Disciplined?

Posted April 7, 2009 by Bernz

I will never apply for another credit card again….. Really?

Well, yesterday afternoon I broke this rule. I have never open up a new credit card in almost 4 years. My wife and I only uses American Express card whenever we go shopping and pay this card in full every month. We like AMEX the fact that this is the only credit card that Cosco accepts and we do shop there almost every week.

credit-cards

As I said we decided on opening up a new credit card yesterday. A store credit card in fact! We were buying some stuffs for the Kids and the store was offering a whopping 40% additional discount if we open and actually use their store credit card, and the offer was good for yesterday’s purchases only. I was not very thrilled about this but the wife thinks it was well worth it.

This incident prompted me to write about how we can best manage our credit cards. Hope you find these tips helpful as we’ve use these ourselves in managing our credit cards when we use to have about 10 of them ourselves combined. (more…)

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Credit card debt burying you alive? Dig out with these resources

Posted November 10, 2008 by Bernz

Been getting any mailers from credit card companies lately? No? I don’t know anyone who is. Personally, I think going to my mail box and not finding any credit card offers is a real good thing. Americans owe over 900 billion in credit card debt. Unfortunately not all of that credit card debt accumulation can be blamed on instant gratification purchases. Some people use credit cards to buy groceries, obtain cash advances for rent, to pay for health care and medicine.

These days if you happen to be carrying a little too much debt you’re considered as one of the lucky ones. On the other hand if managing your credit card debt is a daily burden (for instance if you fear the loss of your car or other personal assets tied to your credit card) there could potentially be some relief from your bank as they and other consumer groups are lobbying regulators for a plan to help consumers struggling with credit card debt. In this case I believe the best alternative is not to wait for any sort of bank bail out plan but to look for prompt solutions you can take upon yourself. Here are a few suggestions. (more…)

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