Resources
Discover Small Business Credit Card By Jeremy Biberdorf Small businesses can save money on gasoline with gas credit cards too! With the Discover Business Card your business could be saving 2% on gas and 5% on office supplies. Plus you also earn 1% cash Read more...
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Resources
The Chase PerfectCard MasterCard - The Perfect Credit Card? By Jeremy Biberdorf With the Chase PerfectCard MasterCard you can earn rewards everywhere! You get cash back everywhere you use this credit card. At gas stations you save even more. For the first 90 days, you get 6% Read more...
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Resources
Put Your Money To Work With Cashback Credit Cards By Morgan Hamilton Are you interested in applying for cashback credit cards? Before you apply for this type of credit card, it is important to know that the majority of the best cashback credit cards require that an Read more...
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1. The ability to access money, to use money prior to earning it. 2. The accounting term for a liability or for equity, entered on the right side of the ledger. 3. As a verb, to allot for the benefit of a person (ie You must credit the Purchaser on closing for the deposit paid).
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#Welcome to
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Credit Card Fool By Thomas A. Martucci We allow the card industry to make fools of us and we do nothing about it. If someone told you that you were being made a fool of, wouldn’t you address the issue? I know I would.
Credit card companies have revenue of $76.03 billion dollars and the majority of this revenue comes from late penalties and over limit and cash advance fees. $29.2 billion came from late penalties, $15.2 billion from over limit fees and $3.04 billion from cash advance fees. This amount is 62% of the card companies’ revenue and this does not include finance charges. Nice profit!
The above is the reason why card companies can afford to mail over 5 billion card offers per year. This equals to 6 offers per household per month. Maybe the $2 billion in postage alone is a reason why our government does not look into the card industry seriously.
Every bank and retailer wants you to have their card. Having their card enables them to make huge profits. In 2001 both Sears and Circuit City reported that over half of their corporate profits were from finance related revenue. Do you think this could be the reason why retailers always have an employee at the front door of their store offering you
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Here are some more quality articles in several
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to sign up for their card and in return you receive a special gift or extra “so called” discount? Most special gifts and extra discounts end up costing you more than the original purchase due to finance charges.
I may not be able to confront these institutions that are trying to make a fool of me, but I can fight back by believing that “Cash is King” and using cash instead of will save me money in the end.
It’s a New Year and personal money management should be on the top of your list for 2006. Thomas Martucci started developing the BUDGETkeeper SYSTEM in 1999. As a business owner for 20+ yrs, he understood the need for a budget in business. At home however, it was never a necessity until a financial firestorm hit and made home budgeting a task that had to be done, like it or not. Thomas labored for several years to perfect a home budgeting system that worked for anyone. Visit our website at www.budgetkeepersystem.com for more information about the BUDGETkeeper SYSTEM.
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