Tag: credit cards
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Credit and debit cards make people better spenders versus savers
When you’re not laying out the cold hard cash it seems there is a disconnect in the brain and people are unaware exactly how much they’re spending. Dozens of studies have shown that consumers using credit cards rather than cash are less likely to remember how much they spent, take less time deciding what to buy, are […]
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Large U.S. banks poised to loosen requirements to get credit cards
Banks are looking to share data about customers in order to issue them credit cards. While good for some people who need credit cards and are responsible this is likely to open the floodgates to easy credit for people who maybe should not have it. It reminds me of relaxed mortgage requirements from 2005 through […]