Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
Journalist @baltimoresun writer artist runner #amwriting Md Troopers Assoc #20 & Westminster Md Fire Dept Chaplain PIO #partylikeajournalist
Showing posts with label Bus Econ Credit Cards. Show all posts
Showing posts with label Bus Econ Credit Cards. Show all posts

Tuesday, February 10, 2015

Beware of currency conversion fees By Claes Bell, CFA • Bankrate.com

Beware of currency conversion fees By Claes Bell, CFA • Bankrate.com


[…]

Rick Steves’ Europe: Card Fees (and How to Avoid Them) http://kevindayhoff.blogspot.com/2015/02/rick-steves-europe-card-fees-and-how-to.html

By Rick Steves https://www.ricksteves.com/travel-tips/money/card-fees Retrieved February 6, 2015 https://www.ricksteves.com/Capital One has a particularly good reputation for no-fee international transactions on both its credit cards and its debit cards linked to a checking account. Most credit unions have low-to-no international transaction fees. Bankrate has a good comparison chart of major credit cards and their currency-conversion fees….


Beware of currency conversion fees By Claes Bell, CFA • Bankrate.com


Credit Cards » Beware Of Currency Conversion Fees

If you do a lot of international traveling, you've probably been stung by an unpleasant surprise lurking at the bottom of your bank statement or credit card bill: a currency conversion fee. While the CARD Act has done plenty to reduce sometimes exorbitant credit card fees, it left currency conversion fees untouched, ensuring travelers will have at least one unpleasant vacation memory.


Consult this chart to see the fees charged by the largest U.S. credit card issuers. http://www.bankrate.com/finance/credit-cards/beware-of-currency-conversion-fees.aspx

Capital One

ATM withdrawal: None for online accounts, $1.50 for some accounts opened in bank branches

Credit card purchase: None

Debit card purchase: None

Credit card cash advance: None


Fees charged even if transaction is in U.S. dollars?: No
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Millennials Shying Away From Credit Cards? | Bankrate.com By Jean Chatzky


I found this fascinating... Millennials Shying Away From Credit Cards? | Bankrate.com By Jean Chatzky  http://kevindayhoff.blogspot.com/2015/02/millennials-shying-away-from-credit.html

http://www.bankrate.com/finance/video/credit-debt/millennials-arent-using-credit-cards.aspx

Millennials Shying Away From Credit Cards? | Bankrate.com: "How many credit cards do millennials have in their wallets on average? One, three, five? Surprisingly, the answer is closer to none, according to a new Bankrate study of millennials and their money." Read more: http://www.bankrate.com/finance/video/credit-debt/millennials-arent-using-credit-cards.aspx

'via Blog this'
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Wednesday, October 05, 2011

Speaker of the House Boehner: White House to Taxpayers - Sorry About All This, But We Need You to Send Us More Money


Posted by Michael Ricci on September 29, 2011 http://www.speaker.gov/blog/?postid=262327

Bank of America today announced it will soon charge customers a monthly fee for using a debit card to make household purchases, a move geared towards preparing for “new federal rules” in the Dodd-Frank bill. This is another example of how the job-crushing policies coming out of Washington are taking money from the pockets of cash-strapped families and small businesses.  Here are two others:

Higher Health Care Premiums. According to newly released national survey, health care premiums in the workplace have jumped by a “whopping” 9 percent in the year following enactment of President Obama’s government takeover of health care. For the typical family, this amounts to an increase of more than $1,200. This is a far cry from the $2,500 decrease in premiums the president promised his plan would bring – a $3,700 swing, to be exact.

Higher Gas Prices. Average gas prices have risen by nearly 93 percent since the president took office, according to AAA data. Unfortunately, Washington has consistently blocked American energy production that would lower costs and create jobs. As gas prices rise, so does the cost of everyday life. Higher fuel prices force food suppliers to charge restaurants and grocery stores more, costs that are inevitably passed on to customers. Small businesses are also hit hard. “The price of gas was putting me out of business,” the owner of a Kansas transportation company said recently.

Higher costs from regulations is also a major concern right now, as evidenced by the Bank of America story. The Obama Administration currently has4,257 rules and regulations in the works, of which at least 219 will have an economic impact of $100 million or more – an increase of nearly 15 percent over last year. There are, of course, good regulations that protect our kids and our environment, but there are also excessive regulations that increase costs for consumers and small businesses. It’s these unnecessary regulations that hurt job creation and lead to higher prices for American families. In Speaker Boehner’s home state of Ohio, there are roughly 845 regulations in the pipeline that would affect small businesses – an 11.5 percent jump since 2009. Federal mandates are “forcing many area school districts to raise hot lunch prices” in Michigan, a state suffering from 10.9 percent unemployment. Similar examples abound.

Americans are paying more for health care, more for gas, more for food, and more to stay in business – largely on account of the Obama Administration – and now it wants taxpayers to send more of their hard-earned money to Washington. “The economy is stalled, and it’s been stalled, and it’s not because the American people have lost their way,” Speaker Boehner said recently. “It’s because their government has let them down.” Making job-crushing tax hikes the centerpiece of a jobs plan further proves this point.

There’s a better way, and it starts with responsible, long-term solutions to address cost-of-living concerns and remove government barriers to job creation. This is the focus of Republicans’ Plan for America’s Job Creators, the dozen or so jobs bills the House has passed, and areas of common ground that House GOP leaders have identified. Learn more at jobs.gop.gov.

20110929 Boehner WH to Taxpayers Send Us More Money
Boehner: White House to Taxpayers We Need You to Send Us More Money

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Saturday, November 20, 2010

The Evil Smart


The Evil Smart

To bring down high interest rates for people…  changing the law  … so that more fees and penalties will be charged to people who do pay their bills on time.

It’s basically a tax on intelligence…  But only the “Evil Smart” will be affected.


*****

Thursday, December 25, 2008

Frederick News Post Editorial New Credit Card Rules

Frederick News Post Editorial New Credit Card Rules

Originally published in the Frederick News–Post December 23, 2008

Federal officials have moved to protect credit card holders from several common practices employed by companies that issue cards. This has been a long time coming and, unfortunately, won't take effect until July 2010. Some also argue that the new rules don't go far enough in protecting cardholders from unfair and costly practices.

Still, the new rules are a big improvement. Perhaps the most important reform involves interest rates. When the new rules become active, card-issuing companies will no longer be allowed to apply interest rate hikes to existing balances. (There will be some exceptions, such as payments that are more than 30 days late.)

Read the entire editorial here: New credit card rules

http://www.fredericknewspost.com/sections/opinion/display_editorial.htm?StoryID=84310

20081223 Frederick News Post Editorial New Credit Card Rules

Monday, December 15, 2008

Washington Post: Fed Could Remake Credit Card Regulations


Washington Post: Fed Could Remake Credit Card Regulations


What in the world took the Fed so long to stop the predacious practices of credit card issuers?

New Rules Would Ban Retroactive Rate Hikes

By Nancy Trejos Washington Post Staff Writer Sunday, December 14, 2008; F01

The Federal Reserve on Thursday will vote on sweeping reform of the credit card industry that would ban practices such as retroactively increasing interest rates at will and charging late fees when consumers are not given a reasonable amount of time to make payments.

The Fed, which has been considering the proposed changes since May, declined this week to release details of the final draft regulations. But banking officials and consumer advocates said that they do not expect substantial changes before the vote, especially since members of Congress have pressured the Fed not to water down the rules.

However, industry officials and consumer advocates said, the Fed will likely postpone a decision on a proposal to prohibit banks from charging fees for overdraft protection unless they have given customers the chance to opt out. Both the banking industry and consumer advocates considered the overdraft proposal flawed.

If the new credit card regulations are approved largely as proposed, they would represent the most significant overhaul of the industry in decades, banking officials and consumer advocates said. The Fed has not yet indicated a timeline for implementation.

[…]

Read the entire article here: Fed Could Remake Credit Card Regulations

http://www.washingtonpost.com/wp-dyn/content/article/2008/12/13/AR2008121300906.html?nav=igoogle

20081214 WaPo
Fed Could Remake Credit Card Regulations By Nancy Trejos