Robert McKinley
Robert McKinley
biggest christmas consumer expenses minimum paying payment
Making the minimum payment ... is probably one of the biggest expenses any consumer can make, ... You can end up paying for this Christmas for years to come.
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They are a concern to a lot of consumers because there is an open check with your name on it.
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Young consumers are probably best served if they can get a major bank card early on
advantage consumer low
That's where the consumer can take advantage of the low interest-rate environment.
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Don't be swayed by bells and whistles, like reward programs or miles. A lot of consumers are drawn to these, but if you carry a balance, the interest rate may not be worth it.
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There are sort of give backs with those low rates.
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Just pay attention. Make sure you're not given a product you don't want.
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You can get zero percent rates that last as long as a year. We've never seen anything like this before.
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There are a few scenarios where it could make sense. If you have the right rewards card, or if you use your rewards well, you may get a value that's worth considerably more than the cost.
comparison vote
Vote with your feet, ... Do more comparison shopping. Know what the fees are. Read carefully, and if you don't see something you like, go elsewhere.
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We're in an environment right now where there's a lot of strain in the profitability of credit cards, ... Issuers are looking to hit you with fees and those sorts of things.
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If someone rips you off, it's a real mess to clean up.
cards moved
Many of those fixed-rate cards haven't moved at all this year.
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Many issuers have a charge back form built into the monthly billing statement.