22nd

July, 2014

Does Income Impact Your Credit Score? Not Really, but it’s Complicated

There are lots of questions about whether or not income level is a component used to calculate credit scores. The short answer is that no, your income does not make up your credit score. Credit rating agencies closely guard their formulas for coming up with credit score numbers, but they would have to ask what your income is in order to know it, which they don’t. Take a look at what else doesn’t make up your credit score. A deeper look at the question reveals that income does, however, play a role – and usually a very significant one –…

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18th

July, 2014

Credit Cards in the News: July 12-18, 2014

Credit card news pops up every week and it’s not always easy to keep track of each story, especially all the stories about credit card fraud. That’s why we provide you with a summary of the top stories on CompareWallet so you can read what matters the most and not have to worry about all the other stuff. Here are the highlights for Credit Cards in the News: July 12-18, 2014. Bank of America Hit by Litigation Expenses Unlike Citigroup and JPMorgan, Bank of America has yet to settle a dispute with the Department of Justice over its handling of risky…

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18th

July, 2014

Pottery Barn Credit Card Review

According to Lifehacker.com, some of the best items to buy during the month of July include furniture and home décor. These items tend to go on sale in order for merchants to clear out summer inventory to bring in their fall inventory. The Pottery Barn specializes in home furnishings for the entire home with a focus on comfort, quality, style, and of course, value. The Pottery Barn has locations all over the world so there will never be an issue finding one close enough to shop at. They also have a store credit card financed by Comenity Bank to help…

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16th

July, 2014

Discover’s Limited-Time-Only $150 Cash Back Bonus Offer

Discover always seems to  have certain deals or offers going on that are exclusive to existing members or that can only be redeemed by applying through specific links, such as this offer that explains its “only valid for new applicants that use this link offer.” If you are a current Discover Card member, be alert for an email or letter that includes an offer for a special $150 cash back bonus between now and the end of the year. Discover is extending this interesting and potentially valuable promotion to many of its customers. By taking advantage of it you may…

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14th

July, 2014

Why The United States is Behind in Credit Card Technology

When I travel overseas, I notice a whole other world of credit card use. Customers dip their smart chip enabled credit cards into machines, and enter a PIN number, instead of swiping the magnetic strip and signing. Restaurants bring wireless card readers to diner's tables, where cardholders perform their own transaction without letting their cards out of their sight. When I return home, it is like going back in time again where credit card terminals haven't changed much since the 80s, and we still rely on the magnetic strips that are 1960s technology. Two Different Paths How did we get…

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