If you are a regular reader of my blog, you'll know that one of the steps I recommend to rebuilding credit is to use credit cards. It's a smart, easy way to wisely develop good credit history -- but emphasis is on "wisely."
One in three small businesses say they can't get the financing they need to grow their business. And when small businesses, which employ more than half of all private sector workers, don't grow, Americans don't work.
When I returned to New York, I couldn't help but think that through the everyday resolve and achievements of people like Hilda and the systemic strides inspired by heads of state in Sub-Saharan Africa, I had just seen the future.
Maybe Apple is simply waiting for NFC to become mainstream before it jumps in. That's undoubtedly part of the reason, but I think there are other explanations that present real problems for the incumbent card networks and banks.
I believe that people such as Julian Assange, movements such as Occupy Wall Street and those behind the Arab Spring, actually want change for a better, not worse and more chaotic, world. But their image and their hard work is being hijacked and manipulated.
Now, as card issuers seek to attract and retain low-risk cardholders who swipe their cards for everything from a daily coffee to a first-class ticket to Hong Kong, many issuers have dropped the FTF on their travel cards.
Hey, MasterCard. Remember how you sent me that bill? And then the other one? And the one after that? The really mean one? And remember how I told you that I was good for it, but that you'd have to wait until January? Well, here's the thing. There's a bit of a wrinkle in the plan.
Over the next five years paying with your phone will become as commonplace as paying with cash, which is why every man, his bank and his phone company are in the battle to win the mobile wallet space. So who's going to win?
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?