Mastercard Visa Credit Card Settlement: Why Retailers Should Not Surcharge Credit Card Purchases

On Friday, retailers finally won a settlement against Mastercard, Visa and banks issuing credit cards that allow them to impose a surcharge on credit card purchases. Merchants have been able to offer discounts for cash purchases so this surcharge is somewhat redundant. Five reasons why retailers should not impose a surcharge to consumers making credit card purchases.

I would refuse to pay extra for using a credit card for my purchases. Would you support a retailer who makes you pay for their swipe or interchange fees? Would you pay cash instead of credit cards?
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Financial Planning in Your Twenties

So you just graduated from college and got a job. Now what?
The twenties are a perfect age to start planning a solid financial future.
How completing education, building a good credit history, buying a home and saving for retirement can help you set off on the right track for building long-term wealth.

 

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The Best Credit Card for Foreign Travel

Planning a late spring break getaway or making summer travel plans?
If you are planning international travel, give this article a read! Packing the right credit card for foreign travel saved me a bundle. Read more here...

How to reduce risk of fraud and other credit card lessons I have learned

courtesy: sxc.hu/lotushead

The Global Payments credit card data breach has surpassed 1.5 million. While this may not have been entirely preventable, now may be a good time to revisit my article on credit card fraud prevention and other useful tips about managing my credit cards. Read more HERE...

Getting Money Back When a Retailer Declares Bankruptcy

Based on my experience, success in getting money back when seller declares bankruptcy depends on method of payment and speed of action. Read more here...

Pay a Hefty Tax for Miles Rewards? 'No, Thank You' Citibank

In late January 2012, Citibank customers who had responded to a 2011 promotion to receive 25,000 American Airlines frequent flier miles for opening a checking or savings account got a surprise in the mail. An IRS Form 1099-MISC showed a taxable income of $645 from Citibank. What can you do to offset these taxes? Read more here...