Archive for the ‘Credit’ Category

Travel need not be troubling

Monday, August 30th, 2010

(This is a guest post from ThinkingMoney.org.  If you like what you've read, consider subscribing to their feed.) When going on holiday one of the biggest worries is money. Having a budget and overspending is done far too often as we get carried away. Traveling abroad has special challenges.  It doesn’t help ...

Stores can now refuse small credit card charges

Thursday, August 26th, 2010

Fresh after posting on whether small credit card charges are shameful or otherwise to be avoided, I got a comment on that post.  "Paul" asks: "Wasn’t a provision of the financial reform bill that passed this July that store owners are now legally allowed to not accept a credit card ...

Do you feel bad for charging less than a dollar on your credit card?

Wednesday, August 25th, 2010

Visa and MasterCard have very clear rules with regard to requiring a certain minimum amount before accepting credit card as payment.  They can't. MasterCard will fine the merchant up to $20,000 for the first offense of this type.  They take it seriously.  (Side tip:  If a merchant is obstinate about ...

Frequent flier, minus the airplane

Thursday, May 20th, 2010

Banking of late hasn't been much to laugh about, but a couple of days ago I heard a term that gave me a pretty big laugh: frequent flier (n.): a credit union member who makes regular use of overdraft privilege on their checking account. Our credit union currently offers a couple of ...