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About Floridian

  • Birthday 10/09/1985

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  1. Thanks for sharing your story and welcome to CB
  2. +1 Exactly the same experience for me.
  3. That's great; thanks for sharing. The only places in Canada I have been able to use my Discover card at was Cineplex and Esso. *Sign up to earn an additional 2% on all purchases up to $1,000 ($US) in purchases in Canada from July 1, 2013 (or the date on which you sign up, whichever is later) through October 31, 2013. This promotional reward is in addition to any other Cashback Bonus you earn during this period and is based on your current tier level, up to a full 3% on each purchase. This promotional reward is also in addition to purchases made in the quarterly 5% Cashback Bonus program if you are signed up for the quarterly program. We are not responsible for merchant delays in processing. Please allow 2 billing periods from the end of the promotional period for this reward to be added to your Cashback Bonus account. See Cashback Bonus Program Terms and Conditions for further details about your reward program. 8% cashback on gas purchases with no foreign transaction fee this quarter? I like it!
  4. http://blogs.wsj.com/economics/2013/07/09/credit-card-delinquency-falls-to-lowest-rate-since-1990/ Americans are keeping up with their credit card bills better than any time in the past two decades, a reflection of both an improving economy and lingering caution among banks and consumers. The delinquency rate on credit cards issued by banks fell to a seasonally adjusted 2.41% at the end of the first quarter of this year from 2.47% three months earlier, according to an American Bankers Association report to be published Tuesday. That is the lowest rate since 1990 and well below the 15-year average of 3.87%, the banking group found. Credit-card-delinquency rates reached a recent peak shortly after the recession ended, when many Americans were out of work and unable to keep up on their bills. Rates have fallen steadily since, buoyed of late by increasing home values and stock prices. “Consumers brought debt levels down as their incomes and wealth has risen,” saidJames Chessen, the association’s chief economist. “That put them in a better financial position to meet their obligations.” Delinquency rates fell in the first quarter for 11 of the 13 loan categories the banking group tracks. The association’s delinquency index for fixed-term loans, including financing for autos, boats and home improvement, fell 0.29 percentage point to 1.70% at the end of quarter, the lowest rate since 2004. The association only tracks loans and credit cards issued by banks, not those from retailers, credit unions and financial-services companies such as American ExpressCo. The data also indicate lenders are being more careful about issuing risky loans in the wake of the financial crisis, while consumers are more cautious about running up big balances. Debt is considered delinquent when the payment is more than 30 days late. Banks also have aggressively written down bad loans in recent years, Mr. Chessen said. When a bank writes off a loan the debt is no longer counted as delinquent. It remains to be seen whether delinquency rates can decline further. An improving economy could encourage banks to extend credit to more risky borrowers. Likewise, consumers might be willing to take on additional debt. That might already be happening. A Federal Reserve report Monday found that the amount of credit extended through revolving loans, mainly credit cards, increased at a 9.3% seasonally adjusted annual rate in May, the fastest growth in a year and second-best monthly gain since the recovery began in 2009. In addition, rising interest rates could cause borrowers to pay more to take on debt. Higher borrowing costs could make it more difficult to keep up on payments. That happened for home-equity lines of credit, one of only two categories for which the delinquency rate increased during the first quarter. Many of those loans have gone from interest-only to fully amortizing, Mr. Chessen said, creating a “payment shock” for some borrowers and pushing up the delinquency rate.
  5. Sorry, the Cashback Checking application is temporarily unavailable. We apologize for the inconvenience--- please come back soon to open your checking account.
  6. What a glorious day - Congrats!
  7. "Your ePlate® device is waterproof." VISAs in the 90s were already capable of going for a swim...
  8. I'm surprised they upgraded you automatically without asking you first. It should come with a slightly higher limit as well.
  9. Congrats. Doesn't it feel good when all the hard work, dedication and patience are finally paying off?
  10. http://www.amazon.com/C-P-INC-MU759-Smiley-Sticker/dp/B00362OOVU
  11. I have been with truecredit.com since 2008. The monthly charges are $14.95 for one daily TU pull and a monthly pull for all three. After seeing this post I thought I'd give them a call to see if they would match and they did. $9.95 for as long as I keep the service active.
  12. http://www.calgaryherald.com/business/money/credit+card+surcharges+would+shock+Canadians+consumer/8188944/story.html OTTAWA — Canadians could soon be hit at the cash register with credit card surcharges of as much as 10 per cent of the cost of their purchases, the Consumers’ Association of Canada warned Tuesday. The association says that could be the outcome of a pending ruling from Canada’s competition tribunal, which is judging a case against Visa and MasterCard that was launched in 2010. “It’ll be like striking the marketplace with lighting. It’ll disrupt the whole way that we pay for our goods,” said association president Bruce Cran of Vancouver. “Nobody knows about it but you could wake up one morning — next week this thing might be out — and you could be paying, all of a sudden, a 10-per-cent surcharge on some things. So it’s going to be a big shock.” The consumer group is siding with Visa and MasterCard, companies targeted in 2010 by tough-talking competition watchdog Melanie Aitken, who left her post as head of the federal Competition Bureau last year. The bureau, backed by the Canadian Federation of Independent Business (CFIB) and the Retail Council of Canada, argues that merchants should be able to pass on credit card charges — typically anywhere from two to three per cent of the purchase — directly to consumers. Retailers argue that the estimated $5-$6 billion a year in charges that retailers pay to credit card companies — primarily Visa and MasterCard — are “costs of doing business” that are already passed on to shoppers. The bureau is challenging rules imposed by the credit card companies that prevent retailers from refusing to accept “premium” credit cards that offer reward miles, points and other benefits for consumers, but require higher processing fees to be paid by the merchants to the credit card firms. Another rule prevents merchants from passing on costs of credit cards, and especially the premium cards, as a way of encouraging them to use cash or debit cards, which cost merchants a fraction of the cost of credit cards. Hearings on the matter wrapped up last year, but an official at the Competition Tribunal wouldn’t say Tuesday when the decision will be made public. The report is “still at the drafting stage” and has not yet been submitted for translation into French. A Competition Bureau lawyer argued before the tribunal last year that the current situation is like a “reverse Robin Hood.” The $5-$6 billion in costs is passed on to all consumers, including those who use cash or debit cards. The wealthy, argued Kent Thomson, are more likely to use the premium cards. “The least affluent consumers subsidize the purchases of the most affluent consumers,” Thomson said. CFIB president Dan Kelly, writing in the National Post Tuesday, also argued that the “opaque” credit card rules result in merchants and consumers paying needless extra charges that are steadily rising. He argued that a tribunal decision in favour of the Competition Bureau’s position wouldn’t lead to a free-for-all of new consumer fees, though he acknowledged there may be a need for rules to make sure charges don’t exceed the cost of fees paid to credit card companies. “Small businesses are unlikely to impose fees on consumers very often. Nor are they likely to refuse a premium card from a customer,” Kelly argued. “Merchants — particularly small ones — do not have the market clout and would not want to risk losing the customer to the shop down the street.” But he said the power to impose a surcharge or refuse a high-cost card will act as an incentive for banks and credit card companies to keep their fees low. Cran said there’s no evidence that merchants, if they are able to cover the cost of credit card charges with new fees to consumers, will pass on those savings through lower prices for their goods and services. He said Canada should look at Australia’s experience after surcharges were allowed in 2003. While rules have been recently tightened, a company called Cabcharge — which has developed a credit card designed for the taxi industry — is still imposing a 10-per-cent surcharge. He said in some instances Australian merchants have charged a flat minimum fee which, in the case of a purchase of a small item like a coffee, could mean a charge approaching 100 per cent. “In Australia it’s become a huge profit centre for them, as opposed to just recovering the cost.” Cran rejected the argument that consumers, if faced with lofty credit card surcharges, could simply shift massively to the use of their debit cards or cash. At last year’s tribunal hearing, Thomson said the debit card fee on a $200 purchase would be about 15 cents — whereas the credit card cost would be up to $6. The reason? Loyalty reward programs. “People love their points,” Cran said.
  13. "And when you stumble, you get back up. Then raise yourself higher than before. It's not easy and not everyone is up to it." I wish you all the best!
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