Over at CNN Money today, there's an interesting article highlighting the best and worst credit cards. Users were surveyed on issues such as interest rates, customer service and default issues. I was surprised to see one of my cards described as having received a "mediocre" rating. Where does yours fall on the list? I'm not one who swaps cards frequently. We have two cards, one of which we've used for over 21 years. The key to my satisfaction most likely lies in the fact that we pay our cards off monthly, so I have no experience with default policies.
Are you thinking about applying for a new credit card? Take a few moments to check out this great resource from the Federal Reserve Board which offers great advice for selecting the proper credit card.
Modern man drives a mortgaged car over a bond-financed highway on credit-card gas.
Reading Room Resources:
Blog posts from this week related to Family Finances
- Is Paypal making impulse buyers of all of us?
- When less pay is good
- The Cheapskate Guide: 50 steps for frugal living
- How much are you worth?