CreditCards.com

Credit card miscellany, Living with credit

Skip the cash advance — and other weekly card news

Taylor Tompkins

This week’s (un)lucky number is: 23.68

That’s the average percent of interest you’ll pay if you get a cash advance from your credit card. If you need cash quick, getting a cash advance is better than selling your kidney on the black market, but I will let you decide by how much. Read more about how bad cash advances can be for your wallet in the long run here.

 ​

This week

These are the things to look forward to this week.

CFPB goes to court: You probably don’t know what the Consumer Financial Protection Bureau is, but maybe you should catch up. The watchdog keeping an eye on your credit card companies (as well as other consumer financial services) is starting the oral arguments phase Wednesday in an appeal review of its case seeking a legal shield. The outcome of the appeal could affect whether President Donald Trump can get his ‘uge hands on the tippy top of the bureau. Read more about the case in our November report on the court filing.

Liquid (dis)courage: Between your inevitable celebration of National Wine Day on Thursday and going to the bar to dodge your 78 neighborhood BBQs this Memorial Day weekend, it may be good to have someone to cut you off when buying your mac and cheese jello shots 🤢. Now a digital wingman can do that, cutting off your cards. Get more details about how the new app called DrnkPay will be your best friend come Sunday morning when you open your banking app.

Beaches are calling: Spring break just wasn’t enough for you, was it? Well, us either. We’re already planning our next trip (cruise anyone?). Maybe you want to hold off on the sea sickness and take to the skies to a tropical destination. Here are tips from our rewards expert on how you can (and cannot) shift around your points to get the maximum savings on your flights.

 

ICYMI

What you might have missed last week.

Spirit fingers: The future is now and we’re all scanning our fingerprints to get into our phones. But what happens when your credit card company uses your voice, your fingerprint or even one of those creepy sci-fi retina scans to access your account? Well, a reporter’s twin in the UK found a loophole in a bank’s voice recognition on Friday and security companies are coming out in droves to say that more than one biometric factor should be used for authentication.

Precious metals: In the seemingly endless arm wrestling tournament to get your attention with luxury cards’ rewards and perks, issuers have tried to add a little weight by making the cards from metal. Last week, Luxury Card received a patent for its gold-plated Mastercard Gold Card that is probably worth more than the latte you’ll buy with it.

 

Tangled in the web

Here are things from around the internet that the CreditCards.com staff are reading.

No more trying to dry out wet $1’s at the waterpark. -AP Business

And while we’re going cashless,  don’t forget your credit card when you go to church. -Bloomberg

That $42 you haven’t paid on your Macy’s card could be keeping America’s dying malls afloat. -New York Times

Reach out to us

For this and more directly in your inbox each week, subscribe to our email newsletter. We promise we won’t send you chain letters cursing you if you don’t pass them on. Just good, clean money-saving fun.

Have a question you are too embarrassed to ask our experts? You’re in luck. I am not an expert but send me your questions and I will ask someone who is. I can be reached at taylor.tompkins@creditcards.com or at @taylor_paige13 on Twitter.

And while you’re reading my tweets about beating my roommates at Settlers of Catan and how my grandma may never use her credit card online, follow us at @CreditCardsCom. We even made this easy little button for you.


And if you’re like my grandma, you are on Facebook during most of your free time, so check us out there, too. (Yes, there’s an easy button for that too.)

 

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, we ask that you do not disclose confidential or personal information such as your bank account numbers, social security numbers, etc. Keep in mind that anything you post may be disclosed, published, transmitted or reused.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.