Vision Credit Education, Inc.

Chase has increased fees on balance transfers and cash advances to 5% of the amount, with a minimum fee of $10. This means a balance transfer of $5,000 would incur a $250 balance transfer fee. This substantial increase as well as the announced higher minimum payments on existing promotional balances may be a sign that Chase is discouraging such transactions for a while. Read the rest of this entry »

FICO scores have faced a lot of criticism from consumers that have had their credit limits slashed recently. Most argue that it is unfair that their credit scores drop due to arbitrary credit limit reductions by creditors. However, the higher risk caused by market conditions does justifiably affect your scores, even if the lower score is caused by your creditors dropping your credit limits. While the cause is not necessarily fair to you, here is how it is justified. Read the rest of this entry »

Chase has had many changes in 2009, some of which have angered certain cardholders that may have been carrying low interest balances for at least 2 years. One change that has been very good for consumers has been the improvement in benefits that Chase is providing through debt management programs. In fact, their benefits are now among some of the best available through credit counseling. Read the rest of this entry »

If you own a credit card, you are most likely to be offered a credit card insurance policy as well. But, sometimes, the process adopted by the credit card companies is not very transparent and you keep paying for this insurance without knowing whether you actually have it or not. Considering the fact that the cost of insurance may be somewhere around $30 per month, it is important for you to be aware of credit insurance and what it actually is. Things can be worse if you choose the wrong type of insurance for you. Read the rest of this entry »

Advanta has thrown in the towel on their small business credit card business. Record charge-offs forced an end to the business. Here is how Advanta is responsible for creating its own demise. Read the rest of this entry »