Tips, News and Advice from Credit Card Assist
Grocery Store

Do you know where your money goes when you buy a roll of paper towels or a box of artificial sweetener? Well you should, because you might be directly supporting a corporation whose agenda doesn’t align with your values.

Los Angeles-based freelance programmer Ivan Pardo doesn’t like the lack of transparency associated with corporate family trees, so he and his buddies have created a tool to show us the connections between the products we buy and the companies who profit from them. It’s called Buycott. When you open the app and scan an item’s barcode, you’ll see not just the name of the company at the top of the food chain, but every subsidiary that gets paid along the way. The program’s interface is very user-friendly, allowing for quick research while you’re on the go at the supermarket. [click to continue…]

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Student Debt

Elizabeth Warren has announced her first bill as freshman senator from Massachusetts: giving students the same discounted interest rate on their loans that big banks get. The Bank on Student Loan Fairness Act is controversial, reducing the federal Stafford loan rate from 3.4% to the discount window price of 0.75%, but as she told Huffington Post: “Every single day, this country invests in big banks by lending them money at near-zero rates. We should make the same kind of investment lending money to students…”

It’s a sound argument, but one that not everyone is accepting.

One of the reasons big banks like Goldman Sachs and JPMorgan Chase enjoy such tiny interests rates is that they’re considered low-risk investments. [click to continue…]

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Are You Throwing Away Money on Medical Bill Errors?

Thumbnail image for Are You Throwing Away Money on Medical Bill Errors? May 16, 2013

Ever receive a bill for a visit to the doctor’s office that just made your jaw drop? We all know that medical care can be outrageously expensive, but paying $400 for what amounts to three aspirin and a hearty clap on the back has a way of making you feel it in your bones. Still, [...]

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Are Penalty-Free Credit Cards Really All That?

Thumbnail image for Are Penalty-Free Credit Cards Really All That? May 14, 2013

If you’ve noticed commercials on TV or the radio lately that advertise no-penalty credit cards, it’s no surprise – they’re a hot commodity now. Citigroup, Discover, and Wells Fargo are just a few companies that offer no-penalty cards. Issuers promise to eliminate one or all penalty fees, including late fees, increased interest and over-limit fees. [...]

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Magical New Bank of America ATM Dispenses Rainbows and Sunshine

Thumbnail image for Magical New Bank of America ATM Dispenses Rainbows and Sunshine May 9, 2013

The little money machine on the street corner is about to get a serious makeover. Since 1959, the public has counted on the ATM for simple banking transactions that don’t require a visit to the actual bank. We’ve been depositing money in envelopes and taking cash (usually in increments of $20) from the machines’ slots [...]

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With the Card Act Revision, the CFPB Gives Credit to Mr. Mom

Thumbnail image for With the Card Act Revision, the CFPB Gives Credit to Mr. Mom May 7, 2013

For stay-at-home spouses, getting credit has long been a pain in the ass. When the CARD Act passed in 2009, it required credit card companies to assess the independent income and resources of each applicant to determine if they’d be able to make payments. The result of that evaluation decided whether or not the person [...]

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The 5 Smartest Ways to Spend Your Tax Refund

Thumbnail image for The 5 Smartest Ways to Spend Your Tax Refund May 2, 2013

If you’re one of the lucky ones, you’ll have some money coming back to you this tax season. Of course, how you spend that money is certainly up to you, but before you make a down payment on that 60″ TV or buy those tickets to the Super Bowl, slow down. Take a minute to [...]

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Are You Paying Too Much for Your Airline Tickets?

Thumbnail image for Are You Paying Too Much for Your Airline Tickets? April 30, 2013

You wouldn’t spend ten bucks on bag of chips or throw down fifty for a latte, so what explains our willingness to pay top dollar for the privilege of sitting in a flying metal tube bound for Detroit? Airline tickets are always going to be expensive, but if you’ve ever spent an afternoon hitting the [...]

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How to Buy a Drink in Manhattan Without Spending a Single Dollar

Thumbnail image for How to Buy a Drink in Manhattan Without Spending a Single Dollar April 25, 2013

Here’s a familiar scenario: a man walks into a bar. His journey from the front door of Manhattan’s EVR lounge to the bartender is unremarkable, but when he finally gets the bill for his dry martini, things get … weird. He doesn’t pay with dollars and cents, but with a virtual currency. The dollar amount [...]

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Is Bieber’s SpendSmart a Prepaid Debit Card We Can Actually Belieb In?

Thumbnail image for Is Bieber’s SpendSmart a Prepaid Debit Card We Can Actually Belieb In? April 23, 2013

Canadian teen-pop superstar Justin Bieber has endorsed all kinds of products, from nail polish and perfume to marijuana (okay, so that one was unofficial). But now he’s backing a decidedly more grown-up thing – financial literacy. Yes, The Biebs just inked a $3.75 million endorsement deal with a prepaid debit card company whose stated goal [...]

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