The Sun's Financial Diary

As I mentioned many times, one of my favorite cashback credit cards is Fidelity 529 College Rewards Card. I like the card because I get flat 2% cashback on every dollar I spent. No category. No nothing. The best part isn’t just the cashback. It’s that the rewards are automatically invested in a Fidelity 529 [...]

I received a letter from UPromise yesterday, announcing the change of ownership of the UPromise credit card. The card, which I have been using since 2002, is one of the tools that I “shop & save for college.” Currently, UPromise is associated with Citibank, but in a couple of weeks, it will become Bank of [...]

Looks like the 3% cashback from Chase Freedom card is a thing of the past. Though you can still save 3% on gas purchases with AMEX Costco TrueEarnings card (BTW, you get $25 statement credit if you open a new account), the problem with AMEX card is that not every gas station takes AMEX. I’d [...]

A couple of days ago, I received a letter from Citi, informing me that my Dividend Platinum Select card will be closed soon due to inactivity after a routine account review. It’s true that I haven’t used that card for a long time. In fact, I didn’t even active that card since they decided to [...]

Credit card companies are downgrading their rewards programs. Chase Freedom Card is the latest card reducing its cash back rewards. Nowadays, good credit cards with generous rewards (relatively speaking of course) are rare. And good cards can go bad, as the Citi Dividend Platinum Card did a while ago. That’s what happened to Chase Freedom [...]

Are you using Discover cards? If you are, then you can get up to $50 bonus when you shop with your Discover More card this holiday season if you spend $500 or more in the first three months(if you don’t have one, you can use this link to get one). I have discussed this card [...]

So far I have talked about best cashback credit cards and credit cards with good gas rewards. Another category that I haven’t touched is cards with travel rewards. The reason for leaving out travel cards is that I don’t travel much, so there’s little chance I can get the maximum benefits from using travel cards [...]

The most common question that we see at Ask Mr. Credit Card is simple. People want to know, “How can I raise my credit score?” Most of them are looking for a quick fix; they need a loan, or want to open up a rewards card, but they know their score is too low. I [...]