Over the past year, a lot of banks ditched their debit card rewards programs while continuing to push their cash-back credit cards. All cards are not created equal, but there are resources out there to find the best card for you. To encourage you to use their cash-back card, some banks haven an introductory...
Frequent-flier miles clearly have value–why else would people want them? But do they also represent taxable income? Citibank seems to think so. It’s sending tax forms to people who received thousands of miles as a reward for opening a checking or savings account. Those forms value each mile at about 2.5 cents and list...
We’ve all been tempted by the immediate benefit–save 10% or maybe even 15% on your current purchase when you apply for the store’s credit card. But this is not a wise financial move for most consumers. Most retail stores offer credit cards with interest rates between 23% and 30%, much higher than bank-branded credit...
Millions listen, watch and read Suze Orman for what they believe is unvarnished consumer and financial advice. But has Orman crossed the line by launching what could be a controversial prepaid credit card under her name? That is the question that New York Times’ Ron Lieber explores in his Your Money column. Other financials...
