Like Suze Orman says, for some people having a credit card handy is like having an open bottle of booze for an alcoholic. You just can't leave it alone. I like to think I have more self-restraint than Lindsay Lohan at an open bar, but could I trust myself with an extra credit card?
It's hard to avoid noticing some offers that would have been better left on a marketing team's whiteboard. Our panel of credit card experts found this year's five worst credit card offers, along with one account that's worthy of a second look.
This weekend, Terrence Howard filmed a PSA revealing the new 'Eat, Drink and Be Generous' MasterCard promotion for Stand Up To Cancer. I was able to do a quick phone interview with Terrence after he filmed the segment.
Big banks and credit card companies have made a PR misstep in the fight over debit card charges. They're trying to use the Bush administration's anti-terror team to convince Americans that debit card fees are needed for our nation's security.
The financial sector does not make anything. Its goal is to take a little piece of every transaction as money flows through its hands, and in the coming days Wall Street will fight to continue this practice in its harshest form.