Comments on: 50 Fun Facts About Credit Cards

By: Anonymous

Anonymous — Fri, 03 Dec 2010 18:03:43 +0000

people dont know about the damages of this and this reallys helps people know i hope teenagers learn somthing from this because i know i did!!!
thanks so much for this information it was really helpful

Sincerly,
Anonymous

By: Mehul

Mehul — Thu, 11 Nov 2010 21:27:12 +0000

Its very nice article. Thanks a lot composing and sharing this information.

Some points have changed with new regulations.. like Point 23… (ofcourse only for USA)

By: jes ryn

jes ryn — Sat, 02 Oct 2010 20:01:30 +0000

Strange question – Visa is oh so caring for me that they have actually changed my credit card number twice in the past year. Both times were after I made an on line order for medicine. the med company was not happy about me using my Visa card and prefered my master card. the first change was more ligitimate than the second. the frist time I was contacted directly by the fraud department. there was actually charges made I had not made myself. these got rejected of course but they had to delete the card number and issue a new card. I spent several hours of exasperated time on the internet and phone changing my automatic charges which I had set up to get paperless billing decreasing my carbon foot print! today I got a new card in the mail ( again after the purchase of on line meds a month ago when I had called visa to let them know that the charges were valid – which by the way they chrged me a fee for the international charge! the letter with the new card stated they had to give me a new card becasue of some unknown seciruty risk. I called visa and they could give me no info except a few ridiculous examples like a merchant might be dyslexic with nunmbers or I might have left my card somewhere. Now I have to go through changing all my on line billing information the second time within one year! I’m I missing something? The card has a credit limit of $25.000. Are they just being paranoid or tyring to beat the hackers at their own game since Visa does not make me pay for being ripped off. I asked to be transfered to the fraud dept but of course got cut off after a 5 minute wait. Is this a trend?

By: linda

linda — Thu, 26 Aug 2010 14:54:51 +0000

WHERE DOES “DISCOVER-CREDIT-CARD” COMPANY
GET THE AUDACITY TO PUT CERTAIN PURCHASES
UNDER “CASH=ADVANCE”,,,WHEN THEY ARE NOT,
NOT CASH ADVANCE’S?? THEN, OF COURSE, THIS
PUT’S A HIGHER RATE ON THAT CATAGORY,,
ISN’T THERE A LAW AGAINST THAT??
>>BUT, THEN, AREN’T THE LAW’S TODAY ONLY
MADE TO PROTECT THE “LEGAL==THIEVE’S”??
!!! THIS IS AN OUTRAGE !!!

By: Anonymous

Anonymous — Wed, 21 Apr 2010 15:19:57 +0000

credit cards are useless

By: monita

monita — Fri, 12 Mar 2010 01:38:47 +0000

Actually credit card is two side of coins, We can use that for our purpose but also can drown ourselves to debt. I just know that the minimum limit of credit card is a way to make people becoming more and more interested in applying credit card

By: Emma

Emma — Thu, 04 Mar 2010 13:04:48 +0000

Thank you so much for this! Everyone in my Honors English class at school is entering the Sertoma essay contest for a grade. The subject is what event or invention in AMERICAN history most impacted today’s way of life? I chose credit cards, these facts helped a lot since everyone had to have thirty facts! I really appreciate this!

By: Anonymous

Anonymous — Wed, 30 Dec 2009 05:28:01 +0000

Thank you for taking time to research and share this info. It is very enlightening. /very good to know how cc companies operate, and who dose what and how.
Very good info.
Thank You!!!

By: Hillery

Hillery — Tue, 22 Dec 2009 05:47:09 +0000

Wealthy? What happens to the bank’s cost of doing business and all of the bad check writers? Who repays the bank? Maybe that is where those fees went, huh? Did you ever think about how many bad checks go around out there???? It’s alot. Secondly, those credit card fees go towards those the account of who charge thier cards, then default on the loans… That fact is even more present in today’s age. The “weathy” is those who cheat lie and steal, the rest of are paying for their, “wealth”.

By: patrick caraulia

patrick caraulia — Sat, 05 Dec 2009 06:04:09 +0000

Have a debit card (visa) Wellsfargo. Got offered through mail from wellsfargo suggesting I might be interested in offer. The letters always ended with wwellsfargo is not affiliated and the charge will be on my checking. After 60 days trail I can just cancel by calling in a number that will be on the next letter I will receive. The added come on would be a free dvd or camera mine to keep even though I would cancel. Well Ive got many different charge of 20 dollars less. When I was offered a overdraft coverage I would be charged that and the unauthorized charges. Even though I would pay the overdraft the same day. I found sometime to be charged they 2.50 charge for a nonwellsfargo bank and wellsfargo would charge 1.50. I even noticed sometime a 40.00 charge would be stated as 41.50 with the 2.50 non wellsfargo bank and the 1.50. Adding up to 45.50. I got charged 20.00 overdraft fee for 1.58 over drafted. Even though I had limited access to a computer (library) It was always offered /pushed to getting an online account. Wellsfargo has bought a finance compay and then might be closing some branches. Well make a long short Im reaching web sites like yours, because they want me to file claims with wellsfargo fraud departments. Thats right they have about 3 places to contact, even though I thought I had it corrected with customer service. What a waste of time. When asked if the know the compay they say no or never heard of them. Big joke. Well thank you for your information and keep up the good work or always keep it W.R.I.L. (with respect is love) Alohahahaha Patrick

By: Ryan Wegman

Ryan Wegman — Mon, 26 Oct 2009 18:19:40 +0000

Hey Jim, I stumbled across your site a few months back in a “search-o-rama” much like the App-O-Rama you spoke of earlier.

Your articles are very insightful and I believe that more people should get involved with their personal finances. many of these people in your subscriber base are very reponsive and involved. Congratulations!!!

I’d like to speak with you and see if we can set up some type of webinar, teleseminar or something to help raise awareness to people that they still have options.

Personally I am involved with real estate as an agent, loan modification, debt settlement and all of the crisis stopping activities to help people stay in their homes.

Seriously if you would be interested in creating some type of venture I believe we should talk. You can find me on twitter at @DrivinRyan or my blog..

Thank you Jim and keep up the great work.

By: mic

mic — Fri, 31 Jul 2009 02:01:36 +0000

He said “.33%” which IS “ONE THIRD OF ONE PERCENT.” It’s numeric value is 0.0033 just as the numeric value for 1% is 0.01
Percent= Per + cent
per = of
cent = 100

Congrats on pointing out that .0033% is thirty-three ten-thousandths of a percent. That’s what you get for trying too hard to be a smart*ss

By: » BVC #17: The Luhn Algorithm

» BVC #17: The Luhn Algorithm — Thu, 23 Jul 2009 16:16:33 +0000

[...] can read more about the Luhn Algorithm at Wikipedia and here is the aforementioned 50 Fun Facts about Credit Cards post. { 0 comments, please add your thoughts now! } By [...]

By: KingAdrock

KingAdrock — Mon, 02 Mar 2009 19:47:48 +0000

#3 says “American Express started off as a shipping company in 1850… They began selling money orders and traveler’s checks in 1882 and issued its first CREDIT card in 1958.”

American Express issued their first CHARGE card in 1958. Credit cards (as in cards which you can carry a balance month-to-month) didn’t exist until BofA introduced the BankAmericard.

By: Clint

Clint — Sun, 03 Aug 2008 23:26:04 +0000

quick question:

If I were to get a credit card and lock it in the safe, would this help or hurt my credit score. Would a credit card company even allow a card to stay valid without use?