“Should I pay with my credit card or debit card?” Choosing between a credit card and a debit card can be rather confusing. These two plastic cards look almost the same, and both are swiped or tapped on a point-of-sale (POS) terminal. But using a particular card in certain situations makes a huge difference in your finances. For some purchases, a credit card may be the smarter choice. But for other purchases or uses, a debit card may make more sense. For more finance tips, visit Moneymax. … [Read more...] about News Which is Better: Credit Card or Debit Card?
Citi att credit card
How a credit card can instill maturity and responsibility (philstar.com) - February 13, 2019 - 1:20pm “Don’t get a credit card!” Most of us have heard this from our parents. This parental advice is not entirely baseless. Owning a credit card gives a person spending power, and coupled with immaturity and impulsiveness, it could cost its holder a lot. But with the right knowledge and attitude, a credit card can actually teach young adults financial maturity and responsibility. On being mature with finances Owning a credit card is a journey that broadens one’s perspective on finances, thereby developing maturity in handling it. Understanding the many hows of a credit card is key. 1. How it works A credit card allows one to borrow money from a credit card issuer to make purchases subject to terms like paying on time and staying within the credit limit. If you don’t pay on time, you’ll have to pay … [Read more...] about How a credit card can instill maturity and responsibility
source Matt Cardy/Getty Images For years, credit cards from JPMorgan Chase, Citigroup, and others have offered price protection, a benefit that refunds customers up to $500 if they buy an item and subsequently spot it cheaper somewhere else. Filing a claim was a laborious task, so few people ever did. Apps like Earny have emerged that use bots to automate the price-protection process, connecting with users’ email accounts to monitor purchases and hunt down refunds. Insiders say the rise of these tools and services has led to exponential growth in price-protection claims: “Nobody foresaw the onslaught of claims right now.” Citi recently revealed it would cut back on its price-protection offering, while Chase is planning to eliminate it entirely. Discover, which doesn’t work with apps like Earny, has cut other benefits but is keeping price … [Read more...] about For years, Chase and Citi credit cards offered a generous, under-the-radar benefit that protected customers. And then the bots arrived.
When you are shopping overseas or buying things from a foreign website, they may ask you what currency you would prefer to pay in - Singapore dollars (SGD) or the country's local currency (e.g. USD and Euros). Which do you choose? SGD? Wrong answer. You should always pay in the local currency of the place you're in or the website you are buying from. Why? The answer is in your credit card's terms and conditions document. Too lazy to read? We've summarised it for you. SGD OR LOCAL CURRENCY. THE ANSWER IS ALWAYS LOCAL CURRENCY! Overseas credit card transaction fees When you're making a transaction overseas, you have to pay some fees whether or not you make it in SGD or local currency. This may include charges applied by the payment network, bank administration, and/or merchant. 1. Transactions in foreign currency - Bank administrative charges, as well as charges put forth by card associations (such as Visa, Mastercard, American Express) The combined fees from most card issuers in … [Read more...] about Why you should always pay in local currency when shopping with your credit card overseas
Coinbase users reported seeing thousands of dollars in repeat ghost charges after buying cryptocurrencies from the popular exchange. One person reported having 50 repeat charges – totalling $67,000 – hit their credit card at once. Coinbase confirmed that it had an issue with its credit card processor and would “ensure” that its customers got their money back. The response from Coinbase shows that the $1.6 billion startup’s customer service might be improving. Some bitcoin investors are up in arms, after a glitch with Coinbase’s credit card processor sparked reports on Reddit that the cryptocurrency exchange had hit them with multiple erroneous charges worth many thousands of dollars. “Welp officially broke, charged 17×1000$ on my account,” says one recent post to the Coinbase Subreddit community. Coinbase, a $1.6 billion startup, is one of the … [Read more...] about Cryptocurrency investors on Coinbase got hit with thousands of dollars in ‘ghost’ charges after a credit card systems glitch