Credit card miscellany


Read this week's best credit-related posts from the blogosphere, covering everything from the McCains' passion for credit cards to the reality behind credit repair offers to the relationships consumers have with their credit cards.

Any old airline credit card can give you air miles. The Virgin Atlantic American Express Card offers airless miles. The newly launched card's rewards include the chance for space flight.

The Ultimate Fighting Championship's many fans will likely never get the opportunity to step into the ring to test their mixed martial arts skills against combat stars like Chuck "The Iceman" Liddell or Quinton "Rampage" Jackson. For their personal well-being, that's probably a good thing. Soon enough, however, UFC enthusiasts will get to take a piece of the sport everywhere they go in the form of the new UFC Visa Card from U.S. Bank.

Bananarama, Don Henley and DJ Jazzy Jeff & the Fresh Prince can all be found at the 156th Carnival of Personal Finance hosted by Prime Time Money. So can I.

Here are my top 10 favorite credit card stories in the blogosphere this week.

The strong link between identity theft and methamphetamine use is unsettling. I explore why the two crimes are so interconnected.

College basketball star O.J. Mayo may have enjoyed thousands of dollars in perks, including a hotel room the former University of Southern California freshman guard shared with a girlfriend, clothes, meals at Los Angeles eateries and a flat-screen television -- all paid for with the credit card issued to a nonprofit organization.

Illegal drug operations, terrorist groups and other criminal enterprises use money laundering to hide the movement of their funds. So after reading in the Wall Street Journal that the Supreme Court today ruled against the government in two distinct money laundering cases, my concern was that it may become harder for authorities to target terrorists and other criminals for prosecution.

Jocelyn Kirsch, the "Bonnie" of identity theft, has stolen a credit card while waiting to strike a plea deal for several other identity theft and fraud charges. Some things never change.

This week came with many fascinating blog posts on credit cards. Here are the eight best, including the inside scoop on store credit cards from retail employees, Sex and the City credit card spending and a list of little-known methods that will wreck your credit score, such as library fines. Here are the best eight I found. Plus an LOLcat.

Dads shouldn't expect much this Father's Day, but those who are getting something should expect gift cards. That's the finding reported by Brand Keys, a brand and customer loyalty consultancy based in New York. According to the results of a consumer study, while dads usually get less on their designated day than moms do, fathers are becoming an increasingly discretionary expense.

Credit card issuer Capital One says that charge-offs in its U.S. card business rose in April, while delinquencies fell.

Credit cards are a normal part of day-to-day life, though from time to time, they result in wacky, bizarre and often comedic events. Here are seven of the most interesting and odd credit card stories seen in the news recently.

Nursefinders asked banking giant JPMorgan Chase to offer temporary staff a Chase payroll card that gets loaded with the day's salary as quickly as two hours after a time card is submitted.

As gas and food prices spike in this unstable economy, credit card debt is also on the rise. Those who accumulate debt they cannot pay off face consequences such as harassing calls from debt collectors and even home foreclosure. Think that sounds bad? If you lived in the United States or United Kingdom in the 1700s and 1800s, you would have been thrown in prison for reneging on your payments. Should debtors' prisons make a comeback?

Credit cardholders are apparently charge-happy once more: After a slowdown in February, credit card activity ramped up in March.

Just another reason to continue the shift from cash and coins to plastic: Some coins now cost more to produce than what they are actually worth.

Getting approved for a credit card became increasingly difficult for consumers with bad credit, based on the results of the latest Federal Reserve bank data.

This was an exciting week in the personal finance world: Another rate cut, Fed approval of rules to end unfair credit card practices and an announcement that the stimulus checks are out early. Accordingly, I have found great questions, advice and thoughts in the personal finance blogosphere. Here is this week's round-up, including topics such as personal debt being sold on eBay, why credit cards are handy for paying bills and a scam from 1800-Flowers.

A U.S. court has granted the Federal Trade Commission's request to penalize a Canadian group that engaged in a cross-border telemarketing scheme. Under their ploy, the Canuck fraudsters offered credit cards and free gifts to consumers in exchange for a fee -- but ultimately failed to provide either the cards or items.

Credit bureau TransUnion said that both credit card debt and delinquency increased in the final months of last year.

American Express says its first-quarter profit was hurt by increasing loan-loss provisions and delinquencies, signaling that the economic slowdown is catching up with even AmEx's more affluent cardholder clientele.

Presenting this week's top 10 credit card blog posts.

Cars are putting a crimp on U.S. wallets, according to an analysis by credit bureau TransUnion, which says that auto loan debt rose nationwide in the final months of last year.

Credit card write-offs for Target Corp. increased from 6.8 percent to 8.1 percent from February to March, reports Bloomberg.com.

In Japan, smart cards are in wide use, and are being put to a noble cause -- preventing kids from buying cigarettes.

Last week, I posted my top seven favorite credit card posts from the blogosphere. It got a great response, so I've decided to do a weekly round-up in the same format. Here are nine of the best I found this week.

3 tips you must know about buying gas in this age of soaring oil prices

Should doctors deny non-emergency health care appointments if patients don't have credit cards?

U.S. Bancorp saw its first-quarter net profit slip 3.5 percent amid a sizable increase in the bank's provision for credit losses, even as revenue advanced.

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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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