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Personal finance experts have long been warning consumers about investigating credit card fees before signing up for a credit card. Believe it or not, there are card holders actually willing to fork over $400 a year to have one of First Premier Bank’s credit cards.

This $400 annual fee card is not designed for the rich and famous. This card is actually promoted to consumers who hold poor credit score but still want access to credit. In addition to the $400 annual fee, the credit card carries an astounding 36% interest rate as well as other high fees that go along with the card.

A First Premier Bank representative stated their card fees are based on the risk associated with the consumer applying for the card. In the case of people with poor credit histories, the risk of credit card payment defaults is significantly higher than with consumers holding excellent credit scores. Th

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Consider the last time you signed up for a new credit card. If one of the reasons the card became attractive to you was because of additional incentives, you’ll need to realize the impact your decisions may be having on your credit score.

While the credit card industry has changed quite a bit in recent years, card companies are still willing to do what it takes to draw people in the door. Using rewards programs like free double airline miles or product giveaways at mall kiosks, credit card companies are still attracting the attention of consumers – some of whom should not be applying for any lines of new credit.

Personal financial experts tell consumers to pay careful attention to credit card offers. If your credit score is not in a good place and you apply for a credit card or two, you are actually going to trigger a decrease in the credit score you maintain. Thi

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Credit Card Debt Consolidation: Condense your debts and lead a happier financial life. Leaving aside a few, most credit cards charge an outrageous rate of interest on the principal amount. Owing to this, you can land up in a vicious circle when your outstanding amount is constantly falling outside your monthly family budget. In such a situation, there is a continuous drain of funds from your monthly household budget. You end up paying a lot more than you bought. Here is where Credit Card Debt Consolidation can bail you out. One place where we go wrong is when we try paying one credit card bill with another credit card. While doing this, we fail to realize that this act will only increase our existing debt. Earlier it was just one card that we were paying off, now it will be for two. While opting in for Credit Card Debt Consolidation, you must remember that this process cannot instantly free you from debt.

Debt consolidation is a mechanism that takes time to streamline your finances and eventually help you close down on your open debts.

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According to Synovate, credit card issuers are beginning to increase their solicitations after hitting their lowest volume in 2009 the lowest in 17 years.  The proportion of households receiving the mailings has decreased and the credit qualifications have changed drastically, only those with good to excellent credit are receiving the offers. In 2011, 59% of households are receiving at least one credit card solicitation mailing a month, which is below the 10-year high of 75% and decade average of 65%.

The statistics indicate that credit card debt has gone down and consumers are charging less and paying down debt.  Yet Citigroup is trying to obtain more customers and encouraging usage of their card.  Citigroup has now surpassed Chase in the number of mailings.

This may be Citigroup’s attempt to appeal to the debit cardholders that have recently been charged fees for using their cards.  This resulted from the Durbin Amendment to the Dodd-Frank Act effective Oct. 1, wh

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Credit card approval is a bit of a mystery. But you can clear up those mysteries by reading on and finding out what exactly will get you the approval you need. One secret to getting an approval for your credit card application is to have a high FICO. Having a high credit score reflects that you are a responsible borrower and that you always pay your debts accordingly and on time.

Another secret is to stop applying too many times for a credit or bank card within a short period of time. This number of applications you make will go on your credit history and will only make you look like a desperate person trying to get a card. Whether or not you have a high credit score, if you make too many applications within a short period of time, the chances are you will be disapproved in the end.

The best way to clear the mystery after getting disapproval on your application is to ask the bank or the credit card company why you were not approved.

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I was looking through some old posts and found this question. I thought it was a good one so I wanted to post an answer here. The question comes from jamshid q:

I had a dispute with citi credit card they try to get my money back and told me not to do anything with the merchant then they said after 4 month they cant do anything I said now its their fault and i want my money back because at time I could just contact the police and get the money back now they refusing it what can i do help me please it is $1500

Answer: why cant you still contact the police?and two: USE PUNCTUATION!! that was one long sentence that took me a few reads to understand.