The Discover Motiva credit card has an intriguing bonus for anyone who carries a balance.
Pay at least the minimum due on time for six months and Discover will return your last interest payment.
That bonus can be credited to your credit card account, electronically deposited in a checking or savings account, or claimed through gift [...]

Here’s another way credit cards are abusing customers — reducing the value of their reward programs.
The ability to earn points or miles towards everything from cash rebates to airline tickets is often touted in credit card ads.
But the terms of how those points can be earned and redeemed can change at any time. With credit [...]

Bank of America and Discover have cast themselves as the virtuous credit card companies by pledging not to raise interest rates before tough new federal regulations go into effect in February.
But they can afford to be magnanimous because they’ve already raised the rates on many of their credit cards this year.
(Remember posts like these [...]

There’s been a lot of discussion since we pointed out that the Chase Freedom credit card has one of the best reward programs.
So let’s see what you think about the new Chase Sapphire credit card. We think it provides an intriguing combination of cash rebates and interest rates.
It charges no annual fee and an annual [...]

We think cash is a better reward than points or miles, and the Chase Freedom credit card has one of the best rebate programs right now.
You get at least 1% cash back on everything you buy.
You get 3% cash back on rotating categories for everyday purchases such as gas, home improvements and department store merchandise. [...]

Credit cards spent the summer imposing draconian terms and higher interest rates before all of the consumer-friendly rules Congress passed last spring can take effect in February.
But we may be getting our first glimpse of what life under the Credit Card Accountability, Responsibility, and Disclosure Act might really be like and it’s kind of promising.
Bank [...]

If you have excellent credit, this is the balance transfer deal for you.
The Capital One Platinum Prestige credit card offers 0% financing on balance transfers and purchases through September 2010.
That’s twice as long as the six months offered by the best deals from other credit cards, and the interest rate after the introductory period [...]

The Discover More card is promoting one of the best balance transfer deals around.
It will charge no interest on balance transfers for six months and on purchases made until the last day of the billing period ending in March 2010.
There’s also no annual fee and the balance transfer fee remains 3% of the debt [...]

Well, you can’t say they didn’t warn us.
The banks threatened to go on a rate-raising, fee-hiking, rule-writing rampage if Congress approved the Credit Card Accountability and Responsibility Act of 2009.
It did and the result has been an unending stream of letters from my credit cards making good on that threat.
But I still find it ironic [...]