Tag Archives: credit limit

How many business credit cards should you have?

John Egan

When I received my first business credit card earlier this year, I was pleasantly surprised – no, shocked – when American Express graced me with a credit limit of more than $20,000. Lil’ ol’ me? A $20,000-plus credit limit for a…
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How a credit card can help you hold out for a better job

Kelly Dilworth

When out of work, you may be tempted to take the first job offered, even if you know it’s a poor fit. But if you have credit you can tap, your card could buy you a few extra weeks or months to land…
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How cutting credit limits hurts cardholders, the economy

Fred Williams

Card issuers can — and do — cut credit lines at any time, causing many households to hold extra savings, new research says. And spending power on cards disappears just when consumers and the economy need it.
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Emily’s list: Reduced bank fees edition

Emily Crone

A recent Wall Street Journal article (that quoted CreditCards.com) says that unpopular bank fees are slowly but surely on the decline. I’ll toast to that! Thanks to the Card Act and consumer discontent with bank fees, the major banks have been trimming their penalty rates and fees. Interest rates aren’t better according to our data, but if you ever pay a credit card bill late or travel abroad, you will find some major relief from these changes.

It’s major that issuers are starting to get rid of foreign transaction fees. Previously, Capital One was the only issuer with that benefit, which is why I carry one with me whenever I travel internationally. The article adds that in this current financial climate, consumers have the power (especially if they have a good credit score) and should consider negotiating with banks when setting up accounts to get more favorable rates and fees.

Keep reading for my list of my top 10 favorite posts from the personal finance blogosphere this week.

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When I invent the next Facebook, I’ll keep copies of contracts

Emily Crone

I just read something on CNN that shocked me. When Facebook CEO Mark Zuckerberg was a mere 18-year-old college student at Harvard, he allegedly granted a businessman an ownership stake in what was then a small online side-project. Now it’s a billion-dollar Internet company, and New Yorker Paul Ceglia is trying to claim what he says is rightfully his.

Ceglia claims that he hired Zuckerberg in 2003 to work on two business ventures, one of which was “designed to offer the students of Harvard university access to a website [sic] similar to a live functioning yearbook with the working title of ‘The Face Book.'” Sound familiar? Ceglia says he paid $2,000 to Zuckerberg for the job. CNN reports that Facebook’s lawyer has admitted that Zuckerberg signed a contract with Ceglia, but they aren’t sure yet whether the document he has produced is the real document in question or whether the real contract states what he says it does.

Lawsuits are messy, especially when they dredge up financial matters from many years ago. While they are sometimes unavoidable, this proves why it’s so important to have clear written and signed contracts and save them forever! You never know when something like this will surface. Contracts and good records are important for everyone, even if it’s just a contract for a one-time freelance service. It’s easy to shrug the formality off, especially if the other party says a contract is optional. I think it’s important to err on the side of caution and always have a clear contract.

Now for my weekly roundup! Read on and learn about some of my favorite personal finance blog posts from the past week.

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