Credit card miscellany


It's my favorite day of the week: Friday. It's not just because it means I get to sleep in past 7 a.m. tomorrow; it also means I get to browse the blogsphere and find my favorite credit card-related posts. Today's topics include a nightmare about credit cards, how you can benefit from credit card cash bonuses without hurting your credit score, and how debt can lead to depression and suicide.

Last month, we poked fun at John McCain for carrying some hefty credit card debt at a high interest rate. Barack Obama had no major credit card debt to report, but recently released documents show that Hillary Clinton does. While the amount she has charged isn't small, she still does the responsible thing: She does not carry a balance.

Don't think that you'll have to eat your gift cards just because your local Bennigan's and Steak and Ale are closing.

In what United States law enforcement deemed "the single largest and most complex identity theft case ever charged in this country," 11 international citizens were charged Tuesday in a case that involved "wardriving" hack attacks on nine major U.S. companies. The global identity theft ring netted 40 million credit card and debit card account numbers by essentially eavesdropping electronically.

Barnes & Noble shoppers beware. Your credit card information may have been stolen in a complex international plot that seems right out of a best-selling crime novel.

As of Nov. 1, American Express will stop issuing several specialty credit cards, including a line of city-centric cards aimed at the young and wealthy.

In this ongoing blog column, I'll consider purposefully illegal or downright dumb behavior involving credit cards that draws the attention of the police. Each week, I'll report from the intersection of crime and plastic to bring you the highlights, or lowlights, depending on your opinion.

Taking Charge is now on Twitter -- follow us! Also, two of Emily's posts made it into blog carnivals.

This week, I found many excellent credit card articles in the blogosphere -- and here's my collection of the 10 best.

Some Wells Fargo credit cardholders are experiencing the consequences of the financial institution's efforts to abate future losses.

Former pro football player Bobby Duckworth's "good hands" were evidently behaving badly over the weekend, snatching the credit cards and cash from a woman's unattended purse at a bar in Fayetteville, Ark., according to a report from the Northwest Arkansas Times.

A recent AskMen.com poll found that the typical modern man has few credit cards and even less debt, with the cash saved on interest charges apparently going toward his goal of $1 million in retirement savings.

Visa is pulling out all the stops to promote itself as being inextricably tied with the upcoming Beijing Olympics. However, if you're traveling to China this summer to see the Games in person, you may not be able to use that Visa card as much as you might like.

Welcome to the eighth edition of the Finance Fiesta! It's been quite a festive week here at Taking Charge, and we hope you enjoy this showcase of some of the best posts from personal finance blogs. The Taking Charge team is based in Austin, Texas, so we thought we'd base our theme around our beautiful city's favorite hang-outs and landmarks. Austin's a great place to live and work -- we hope you enjoy our city!

With last weekend's explosive debut of Batman's escapades with the Joker in "The Dark Knight" (which I must say was outstanding -- bravo, Mr. Ledger), it's only appropriate to mention the Batman credit card. Sure, there's the movie prop version but there is indeed a real one.

You'll need to act fast if you'd like to sign up for the free TransUnion credit monitoring offered as part of a 2007 settlement involving the credit bureau. The cutoff for submission of an authentication form is tomorrow.

Taking Charge is hosting the 162nd Carnival of Personal Finance. Enjoy!

This is the third installment of a week-long series documenting Emily's experiences with plastic in Europe. This time, she discusses pay toilets.

This is the second installment of a week-long series documenting Emily's experiences with plastic in Europe. This time, she discusses transportation issues.

Those of us at Taking Charge are honored to announce that we will be hosting the 162nd edition of the Carnival of Personal Finance next Monday, July 21. We welcome your submissions!

The new downtown branch of People's Trust Federal Credit Union in that Texas city has opted to forego loose change. Consumers who plan to cash a check in an uneven dollar amount will not get any coins back. Instead, they can either choose to deposit their change into an account or make a charitable contribution to the credit union's foundation for first time mortgage borrowers and financial education.

Now that I'm back from Europe, it's time to resume my weekly roundups. This week's blog posts will teach you how to embrace a debt-free mindset, equip you with facts you may not know about credit cards and provide a fun list of money movies to watch this summer, among other things.

In the latest example of athletes, cards and crime, the combination of powder and plastic proved a troublesome cocktail for Jacksonville Jaguars wide receiver Matt Jones, who was arrested in Fayetteville, Ark. in the wee hours of Thursday morning on a felony drug charge.

When you donate money to a presidential campaign with your credit card, you may think you are benefiting only your candidate of choice. That's not the case. Due to the massive amounts of credit card donations received in the current election season, credit card companies are also seeing green.

The Philippines loves its text messages, which is exactly why credit card issuer Citi decided the country was the idea place to introduce the bank's new mobile phone banking. As of last Friday, Filipino cardholders can make credit card charges via text message or phone call.

The American Bankers Association has joined the chorus of voices warning that trouble in the economy is making life difficult for borrowers -- and pushing delinquencies higher.

Visa announced yesterday that it is making changes to the way credit card and debit card transactions get processed at gas stations, potentially easing the pain high gas prices are causing both drivers and gas station owners.

This afternoon, the Fed announced that it was leaving interest rates unchanged for the first time since last summer. The decision followed seven straight rate cuts that lowered the fed funds rate to 2 percent from 5.25 percent back in September 2007, as the central bank worked to keep a troubled U.S. economy afloat.

Want proof of just how fast that Chinese economy is growing? Try this: The total number of credit cards in China nearly doubled in the past year, according to the nation's central bank.

Credit card spending at the heart of Ed McMahon's financial woes.

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Sometimes credit card news and developments defy definition. But they'll never defy description. See them here.

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