Credit Cards

Do credit card rewards count as taxable income?

Do credit card rewards count as taxable income?

Benjamin Franklin generally gets the credit for declaring that nothing is certain in life except for death and taxes. The saying may be true, but you still may be able to avoid the tax man in at least one aspect of your life. Certain types of credit card rewards are typically considered rebates or discounts […]

Using credit cards to meet your 2019 financial goals

Using credit cards to meet your 2019 financial goals

Are you making good on your promise to take better care of your money — and yourself — this year? Or did you make a New Year’s resolution that you’re struggling to keep? It’s completely normal to suffer resolution fatigue, particularly if your financial goals require a lot of change all at once. Fortunately, there […]

New York Credit Card Surcharges Get a Green Light as Merchants and the State Agree To Dismiss Lawsuit

New York Credit Card Surcharges Get a Green Light as Merchants and the State Agree To Dismiss Lawsuit

Merchant plaintiffs and the state of New York filed motions Tuesday in a federal appellate court to dismiss the merchants’ challenge to New York’s law banning credit card surcharges. As a result, surcharges will be allowed when the merchant posts total prices for credit card purchases in dollars and cents. The dismissal requests come in […]

At last, US banks are introducing contactless cards

At last, US banks are introducing contactless cards

To tourists from much of the rest of the English-speaking world — the UK, Canada, Australia — a visit to New York can feel like a trip into the past. They tap their credit cards against subway turnstiles or shops’ card readers and wait for something to happen. Nothing does. Contactless cards, taken for granted […]

Credit card skimmers found at gas stations in Stone Ridge, Shokan

Credit card skimmers found at gas stations in Stone Ridge, Shokan

KINGSTON, N.Y. — Credit card skimming devices were found on gas pumps at Citgo stations in Stone Ridge and Shokan, prompting an investigation by the Ulster County Department of Weights and Measures, the County Executive’s Office said Monday. The skimmers were found at the Aero Star Citgo station, 3492 Main St., Stone Ridge, and the […]

Citi’s new credit card lets you round up points on small purchases — but is it worth getting?

Citi’s new credit card lets you round up points on small purchases — but is it worth getting?

The credit card rounds up to the nearest 10 rewards points on every purchase. A new credit card from Citi will round up rewards points consumers earn from purchases to the nearest 10 points. Citi is rolling out a new credit card that will round up the number of rewards points that consumers earn in […]

Why your credit cards may deserve a second chance

Why your credit cards may deserve a second chance

While paying off $1,700 in credit card debt in 2014, Jamie Griffin cut up his card. To tackle the remaining $90,000 in student loans he and his wife carried, he read personal finance experts’ tips and turned to cash and a spreadsheet to budget. Now that most of their debt is paid off, he’s giving […]

Consumers are gradually losing this credit card perk

Consumers are gradually losing this credit card perk

In a highly saturated credit card market, providers would throw perks around left and right to entice sign-ups. We all know the main features, like rewards, points, cash back, and miles, but some of the biggest providers, including Discover, DFS, -0.86%   Citi, C, -1.00%   and Chase, JPM, +0.28%   are starting to cut back on the extra cardholder benefits that get low […]

What’s the best credit card for students?

What’s the best credit card for students?

In a few months, your baby will be a freshman in college and you may be wondering what’s the best credit card for a student. In my opinion, the best credit card is no credit card. Instead, make sure the student has a debit card. Most debit cards can be used just like a credit […]

Read this before giving your teenager a credit card

Read this before giving your teenager a credit card

Everyone from Dave Ramsey to your neighbor down the street has an opinion about whether teenagers should have credit cards. But the fact is many already do. According to a TransUnion survey, 19% of teens have a credit card. If you want to introduce your child to the world of credit while being mindful of its […]