The Sun’s Financial Diary

The Federal Reserve just cut interest rate again and banks will soon, if not already, follow suit to lower their savings accounts’ rates. And according to some experts, such as PIMCO’s Bill Gross, the current rate reduction cycle is far from over, which means interest rates from banks are heading no where but south in [...]

I just shrank my wallet by one more credit card as part of my effort to simply our finance
Back in July 2006, I applied for a Discover Miles card for the purpose of using its 12-month 0% balance transfer. Ever since I got the card, I haven’t used it for anything else, though [...]

Chase Freedom card is now offering a $100 after opening a new card and making the first purchase.
I applied for this card in March was the bonus was $200 and my account was credited $200 less than 2 months after I used the card to make a small purchase. I was a little skeptical initially [...]

I am a credit card person. If possible, I will use credit cards to pay everything so I earn rewards for the money that I have to spend anyway.
Half a year ago, American Express announced that it will let members make mortgage payments with AMEX cards. The news generated quite some buzz as it marked [...]

It has been more than two months since I last called American Express about the unauthorized charges on my AMEX Costco TrueEarnings card and longer than the 8-week investigation period that I was promised. I was hoping the outcome of the investigation could resolve the problem which has been dragging on for nearly [...]

If it wasn’t an article on USA Today yesterday, I probably won’t even know there’s a new kind of credit card on the market on September 24, 2007.
RevolutionCard is the name. However, after going through what the new card offers, I found that it’s basically a PIN-based credit card that doesn’t emboss account number and [...]

One of the best deals I ever got from a credit card was the $200 bonus offered by Chase Freedom card back in March. I not only received $250 free money from the card after a purchase was made, but also took advantage of their 0% APR promotion with a huge balance transfer. Despite these [...]

In the October issue of Consumer Reports, the magazine rated some credit card issuers based on user experiences on the company’s customer service, fees, and interest rates.

Of some 21 issuers surveyed in their study, USAA Federal Savings, a credit union for military personnel and their family members, ranked the highest customer satisfaction, followed by Naval [...]

Bank of America is one of my main sources for credit card arbitrage (the other one is Chase). Though I have only two cards with them and they are both more than 5 years old, I constantly got 0% balance transfer offer in the mail with no or very little fee. I don’t really know [...]

Using it wisely, you can make hundreds or even thousands of dollars from credit card arbitrage. Here’s how you can profit from free loans from credit card companies.
A couple of days ago, I received an email from Mike regarding my credit card arbitrage:
I was just wondering how you were able to get 100 K onto [...]