CHESSNOID

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American Express fighting Department of Justice lawsuit

A couple of years ago I blogged about my personal experience with American Express and the credit card limit reduction.  I really posted it just to vent.  Since then that has been one of my most popular posts and has the most comments on this blog.  I think it is really cool for people to [...]

The new credit card offers avoid the 2009 Card act

Most of your credit cards probably had their terms of agreement changed before the 2009 Card Act went into effect.  That was a logistical move expected by credit card companies.  Now they have a new plan to skirt the law.  They are sending out credit card solicitations not covered by the Act.
WSJ:
Until recently professional cards [...]

Affinity and reward credit cards are going away!

Now that easy credit no longer exists and banks are still in trouble, we will start to see affinity credit cards disappear.  Than means American Express, Visa, and Mastercard store brand and rewards cards will be converted in the future or become pay a fee program.  If I were you, then I might start spending [...]

The new credit card rules start today 2.22.2010

Last year, Congress enacted new laws to protect consumers from abuse by the credit card companies.  Today, those new rules go into effect and you may have seen changes on your Visa, MasterCard, American express, and Discover statements.  The credit card companies and their attorneys are busy finding loopholes to get around the new changes [...]