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When you really take a close look at the CARD Act, the eligibility requirements are not nearly as strict as one would have thought they would be, University of South Carolina law professor Eboni Nelson told the newspaper. You dont have to show your ability to pay the full $1,000 or $2,000 credit limit . You may just have to pay the $25 or $50 monthly minimum payment, which is a very, very low threshold as far as being able to qualify on your own for a credit card.

In addition, students can even claim projected future earnings like from a summer job or work-study program as income when they sign up, the report said.

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Tags: Card, Card Offers

TransUnion, a national credit reporting agency, recently released findings that show an overwhelming number of people are paying their credit card bills on time and limiting how much they are charging.

It may come as a surprise that credit card delinquencies (defined as 90 days past due—or more—on a payment) are at the lowest level observed in the last 17 years.  Given the difficult economic times and high percent of unemployment in the U.S., you may expect quite the opposite—that more people than ever would be having problems making credit card payments on time.

TransUnion also found that the average credit card debt per borrower has remained relatively flat at approximately $4,700. They f

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Tags: Card, Credit Card

Heres a good question from mcalixto2390 with an even better answer, enjoy:

since when you log on to your citi card account, it gives you the option to request an additional card.So last night my dad requested one for me with my name on it, but from his account.I am just wondering since I will technically have a credit card in my name, but from his account, will my using the card count towards my credit? IE, my credit score, so when I apply for other credit cards, I get approved?My dad requested the card for me so I can get used to it, I guess. The card was just requested last night so I was wondering how long it will take to arrive. The website said if it doesnt arrive in 10 [business?] days, to contact customer service, but I want to know how long it usually takes to arrive.Yes, I know Monday is a holiday. =]Thanks for any replies.

Answer: It usually takes about a week for the plastic to show up.If you are an authorized user on his account, the reports will be in his name, not yours. Read full article…

Tags: Card, Card Account…

Many of you might be asking this same question so Im posting with the answer here. Enjoy. The question is from Mama of 2

Im looking to help bump up my credit score. I would like a card with low annual fees and possibly no application or processing fees.But I also heard that it can be just as good to take out a small personal loan and pay it back on time, and that it will do the same thing as a secured card. Is this true?

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Tags: Card, Credit Card

American Express just launched a new cash back credit card, coined the “Blue Cash Everyday℠ Card.”

The credit card comes with no annual fee and no spend minimum, meaning you start earning cash back at the full percentages right off the back.

What you get in the way of cash back with the Blue Cash Everyday Card:

Rewards dollars can be redeemed once your balance is $25, and can be used for cash, gift cards, statement balances, or other merchandise, such as electronics, clothing, and more.

0% APR for up to 12 Months

The Blue Cash Everyday Card also comes with 0% APR for up to 12 months on purchases, meaning you won’t have to pay any credit card finance charges for the first year.

After that, the variable APR ranges from 17.24% to 21.24%, depending on things like credit score and other borrower attributes.

The card also affords you discounts at places like 1-800-FLOWERS.COM®, Fleming’s® Prime Steakhouse & Wine Bar, Hertz®, and other merchants.

You can see a complete list of partners and offers here.

You can also receive a $25 referral bonus for each friend or family member who is approved for the Blue Cash Everyday Card.

Final Word

If you use your credit card at supermarkets, gas stations, and department stores often, this could be the card for you.

The categories are fixed, so you won’t have to worry about them rotating in and out, like the rewards programs offered by other card issuers.

And with no annual fee, it’s a great choice for those who want the benefits of American Express without the cost.

Disclaimer: This content is not provided or commissioned by American Express. Opinions express

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Tags: Blue Cash, Blue Cash Everyday, Card, Cash Everyday