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.
Enjoy these excellent articles!
1. Wealth Junkie$ reveals that credit card companies may not allocate your payments the way you think they do.
2. Broke Grad Student advises readers what to look for when transferring a balance to a low interest credit card.
3. Millionaire Mommy Next Door discusses how debt can cause severe depression and even suicide, and provides resources for those who feel hopeless.
4. Two Pennies Earned thinks credit card bonuses are a great way to earn extra cash, and explains how to use them so your credit score is not adversely affected.
5. Seeking Alpha discusses a new analysis that predicts the credit crisis may persist until 2010. Oy vey!
6. Jesse at The Penny Saved explains the difference between secured and unsecured debt and discusses why someone would take an unsecured loan.
7. The Digerati Life believes that cash back credit cards can save you money if you manage them well. She provides a list of the rules she has set for herself in order to have a good relationship with her cash back card.
8. The Consumerist answers the question, “Which credit cards have the best rental car insurance?” OK, so maybe I’m a little biased — it was my story that they discussed, and I made that chart. But it’s still useful info, especially during summer travels!
9. Lynnae at Being Frugal discusses the pull of the credit card, and how she realized that the temptation to buy more than she can afford is going to be an ongoing struggle for her.
10. Gather Little by Little recounts a frightening dream about credit cards and ponders what it means.