My spouse and I share just about everything including all our bank accounts.  In fact, neither one of use has an individual account; they are all joint accounts including our credit cards. I have found out over the years that we are probably in the minority, as many couples tend to keep separate banking and credit card accounts.

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A debit card is not a credit card. There is no credit involved in using this type of card. When the card is swiped for a purchase, the purchase amount is automatically withdrawn from the associated checking account. Therefore, users are not borrowing money to use the debit card but merely removing their own money from their accounts.

In this situation, it can be a good idea to allow your older teen to use a debit card. Here are some examples of how this can be a good experience for your child.

Teach Wise Spending Habits Now: The use of a debit card allows your children to learn how to make wise purchases.

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In order to ensure that the customers are relieved from the burden of their debt to a certain extent the Federal Reserve, in the beginning of last week, enforced a few more rules and regulations that credit card issuers need to abide by. These rules have been enforced to ensure that customers don’t get penalized for the smallest of errors.

Thanks to the implementation of these new credit card rules, the days when customers had to pay exorbitant amount as fees to the credit card companies will soon become a thing of the past.

There are a number of new laws that are designed to favor customers and give them the much needed relief and provide a way to clear off their credit card dues faster. I

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Credit card fraud can happen when a person swipes a credit card as confirmation of ID when printing out his or her own boarding passes. This type of fraud is known as skimming, which is the term used when a potential identity thief puts a reader device on the kiosk and uses it to capture a person’s credit card number. Frequently, this happens without the user even realizing it.

This issue first made headlines in 2008 when officials from Visa Canada reported that they were investigating potential fraud at the Toronto airport. Due to this investigation, one airline, WestJet, decided to dismantle all of its credit card kiosks in favor of having each passenger checked in manually by an airline representative.

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There once was a time when cash back credit cards were offering heavy bonuses in addition to the already lucrative 5% cash back on all purchases.  Now-a-days, most cash back credit cards offer a standard cash back amount of just 1% but if you look hard enough, there are still a few cards out there that offer excellent cash back opportunities.  The two more widely and most popular versions of cash back credit cards are the Chase Freedom MasterCard and the Discover More Card.  Both offer a linty of perks besides the cash back each month so let’s compare each card and see just which card delivers the knockout.

Chase Freedom MasterCard

The Chase Freedom MasterCard offers 5% cash back on rotating purchases made throughout the year and 1% standard cash back on all other purchases.  This means that some months (usually in blocks of three), your gas purchases are eligible for 5% cash back, while other months, you’ll receive just 1% cash back.  Chase will kindly let you know ahead of time which categories offer 5% cash back and when, so plan accordingly.  In addition to the high cash back offer, the Chase Freedom Card offers a 0% APR on balance transfers for the first 12 months and a 0% APR on purchases for the first six months (as low as 12.99% variable, thereafter).  There’s no annual fee to hold the Chase Freedom MasterCard and if you buy merchandise through their Ultimate Rewards website, you might find a cash back rebate of up to 20%. To recap:

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