credit cards

The Bipartisan War on Prices Is Coming for Your Credit Card

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The strange new alliance between democratic socialists and nationalist populists isn’t a sign of political healing. It’s a sign that people have lost their grip on basic economics. In a scene that perfectly captures the strangeness of American politics today, President Donald Trump, a billionaire and self-styled champion of American business (at least the ones … Read more

Why You Should Never Use a Debit Card To Pay for Anything

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Banks love to pitch debit cards as a way to avoid spending money you don’t have. But there are many reasons why you should never use a debit card as a form of payment, as tempting as it may be. In this article, we’ll take a look at the dangers of debit cards and their … Read more

The Credit Card Hustle by the Banks & the Fed Hits Rough Spot

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There has been a lot of commotion in banking and at the Fed about Americans having the temerity to pay down their credit cards – practically an abuse of stimulus, so to speak. In the five quarters since Q4 2019, Americans have paid down their credit card balances by $157 billion. “One of the most … Read more

Automatic Bill Pay: How It Works and How to Do It Safely

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With automated debit transactions, you allow a creditor to deduct money from your checking or savings account on a recurring basis. You provide the payee with your bank account and routing numbers so it can execute the transaction. There’s a big potential downside to this. When you give the authorization to draft from your account, … Read more