Comments on: Credit Cards: Understanding the Fine Print

By: Green Panda

Green Panda — Mon, 13 Apr 2009 02:00:30 +0000

@Tom: I didn’t know that about cash advances for poker! Thanks for sharing the tip!
@Tom#2: I never heard of that, so thanks for pointing that out.
@GP: Good points, especially with paying back every month.

By: How Does Your Income Tax Return Compare Links Edition? | Financial Independence in Your 20s | Studenomics

Sun, 12 Apr 2009 15:41:01 +0000

[...] Panda Tree house talks about understanding the fine print. I know nobody wants to read the fine print but when you think about the amount of money involved [...]

By: Greener Pastures

Greener Pastures — Sat, 11 Apr 2009 20:32:00 +0000

OK, let’s be real: fine print is not supposed to be able to be understood.

Credit card companies are out to get your money, plain and simple.

The best way to avoid trouble is to find the one with the best rebates program, put everything you can on it, and pay it back every single month – before any interest accrues!

By: Tom

Tom — Sat, 11 Apr 2009 18:05:14 +0000

Fine print can kill you but it’s sad that a lot of people don’t look at the minor details that can cost them in the long run. With secured cards, some companies try to charge you on a weekly basis and those fees alone can add up fast.

By: tom

tom — Fri, 10 Apr 2009 13:20:49 +0000

Another experience I had was if you use online poker sites, they consider it as cash advance, charging you 5 bucks plus the interest on that.
So that is something else to watch for.

Another thing is payment protection that comes default with the card, in case you get disabled or whatever, they cover the interest up to 10K based on certain conditions.