Bank of America Announces They Will Reverse Debit Card Fee

Bank of America customers have been arguing against the proposed $5 debit card fee for that last month. More than 300,000 people signed an online petition while another 21,000 promised to close their Bank of America bank accounts if this fee was added. Bank of America announced yesterday, Tuesday, November 1, that they will be canceling this fee. Thus proving that the consumers have power! … Continue reading Bank of America Announces They Will Reverse Debit Card Fee

Monthly Fees for Debit Card Usage

If you use a debit card, pay attention! Early next year, Bank of America plans to join other banks in charging their customers a monthly fee for debit card use. At Bank of America, the new $5 fee will be added to all basic accounts on top of any existing monthly service fees. Card users will not be charged the fee if their only debit … Continue reading Monthly Fees for Debit Card Usage

More Ways to Avoid Becoming a Victim of Credit Card Fraud

Last week we discussed how easy it is for our credit card information to fall into the hands of crafty criminals. There are a few more places and situations to use caution when making purchases with your debit and credit cards to avoid identity theft and credit card fraud.  These include: Flea Markets – These merchants are usually temporary and hard to find if there … Continue reading More Ways to Avoid Becoming a Victim of Credit Card Fraud

Decrease Your Risk of Becoming a Victim of Credit Card Fraud

Your credit card information could easily fall into the hands of a criminal if you don’t use precautionary steps. It is important to repeatedly check your balance statements and use caution when making purchases. Criminals are becoming crafty with the ways that they can steal your information, so take notice and be wary when making transactions in the following situations: Online Checkouts – Any safe … Continue reading Decrease Your Risk of Becoming a Victim of Credit Card Fraud

Financial Fibs that Keep You From Reaching Your New Year’s Resolutions

With the New Year come many resolutions. Most of us have at least one resolution that is financial in nature. In Michelle Singletary’s latest column, “Facing the Truth of Your Financial Situation”, she lists five of her favorite financial fibs that we often tell ourselves that keep us from reaching our financial goals. They are: 1.       I have a budget 2.       I have an emergency fund 3.       … Continue reading Financial Fibs that Keep You From Reaching Your New Year’s Resolutions

Credit Card vs. Debit Card: Week 2 of 2

Many people want to gain better control of their finances by using a debit, but don’t want to have negative effects on their credit scores and finances by doing away with the credit card. Both have perks, which is why you should not do away with one or the other completely. Last week we discussed the importance of a credit card. This week we will … Continue reading Credit Card vs. Debit Card: Week 2 of 2