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Latest blog posts from Ask Mr Credit Cards' Blog

Credit Card Debt Settlement - How To Do It Yourself
If your credit card debt has been sold or outsourced to a collection company and you want to make a settlement then there are a series of simple steps you can follow to have the best chance of success. 1) Get your paperwork together - You will need a copy of your latest bill from the collection... Read more...
Published 12 hours ago

Gas Cards
It is easy to forget that there are other rewards cards out there offering returns besides travel and cash back.   Many gasoline retailers offer there own branded gas card.    With the dramatic increases in gas prices over the last year, it is tempting to consider getting a gas reward card.... Read more...
Published 22 hours ago

Automotive Reward Cards
Auto related purchases make up a surprisingly large percentage of most American’s personal expenditures.   Even if you only buy or lease a new car every five years, automobile sales, leases, parts, and service can easily comprise as much or more of our spending as gasoline.   Fortunately,... Read more...
Published 22 hours ago

Past Due Payments And Closed Credit Card Accounts
One of our readers, Suzette, had this question: Can a cc still charge late fees and interest on a closed account? Thanks for your question Suzette! Yes, credit card companies will still charge interest and apply late fees to closed credit card accounts. Even though the account is closed you will... Read more...
Published 2 days ago

The New Airline Reward Value Calculation
New, from the people who brought you hundreds of different fares for the same seat, a gazillion more frequent flier reward redemtion levels!   You are now being rewarded for your loyalty with an every more complicated formula of award tiers, booking fees, and fuel surcharges. What Will My... Read more...
Published 2 days ago

Repairing Your Credit After Bankruptcy Part 1
After we declared bankruptcy, our credit was understandably in shambles. I searched all over the internet for tips and tricks that would help me rebuild my credit quickly but the fact is, it takes time to build a great credit score. It takes even more time if you are rebuilding after something as... Read more...
Published 3 days ago

Hotel Versus Airline Cards
Travel reward cards make up the bulk of the most popular non-cash reward cards.  Let’s face it, there are two major costs when you travel, air and hotel.    The USA Today just published an article on how hotel loyalty plans are gaining traction against airline plans. Why Hotel Programs Are... Read more...
Published 3 days ago

Should You Wait A Year To Close A Credit Card?
One of our readers, Leigh, sent us this question: If I have decided to close an account, what is the optimal length of time to leave that account open before I give it the heave-ho? I have a cc with a TERRIBLE interest rate that I just opened 5 months ago, the lender drives me crazy, and I will... Read more...
Published 4 days ago

The Surprising Truth About Bankruptcy
We knew we needed to declare bankruptcy two years before we officially did it. We were struggling financially, and we barely had enough money to cover the bills and the gas at the end of the day - which didn’t count the nearly $30,000 in debt and medical bills that we owed. But still, we... Read more...
Published 4 days ago

The Richest Man In Babylon
Every Sunday we review a personal finance or credit book here on Ask Mr. Credit Card.com. I am pleased to be able to tell you that this week’s book, “The Richest Man In Babylon” by George S. Clason was a wise use of both my money and my time. The Richest Man in Babylon is a collection of... Read more...
Published 6 days ago