Banks are undoubtedly steering consumers to rewards credit cards due to the popularity of them. Rewards credit cards are great for racking up airline miles, earning cash back, and even staying at hotels for free. But where’s the catch? There can be a couple of catches, and what I mean by “can be” has to do with your spending habits and your payment habits. Banks are “banking” on the fact that you won’t pay your balances in... 

As more and more Americans are losing their jobs, earning less money, and struggling through the credit crunch, delinquency rates on credit card bills is shooting higher. This usually comes with a late fee somewhere close to $30-$40. According to a recent study conducted by Cardhub.com, many of the major credit card issuers will revoke all reward points earned in the billing cycle during the delinquency. The Discover card has been known to revoke all points... 

Reports are showing that airlines have been cheating frequent fliers out of billions of dollars in unused miles each year. The good news is, Senator Charles Schumer is calling for changes in the way airlines handle their rewards and frequent flier programs. The problem stems from airlines expiring earned airline miles without letting the customer know that they are at risk from losing them. Another issue are blackout dates and restrictions that are clearly...