The American Express Blue, Blue Cash, and Blue Sky credit cards represent some of the best rewards cards available. These cards offer everything from 0% APR introductory rates on purchases, to great travel rewards, to low interest balance transfers, to as much as 5% cash back on purchases. And all of these rewards come with no annual fee. Which card is best for you depends on your financial goals and objectives. Let’s review each card, starting with Consumer Report’s pick for one of the best cash back rewards cards available, Blue Cash from American Express. Read the rest

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Regret over past financial decisions can have a powerful hold on you. At 23, you may regret running up $20,000 in credit card debt during college. At 35 you may regret never having gone to college. At 45 you may regret having never started that consulting business you always dreamed of pursing. And at 65, you may regret not having saved more for retirement. Regret, financial or otherwise, can have a powerful hold on your life. For most, the question is not whether you have financial regret. The question is how you harness the power of that regret to make sound financial decisions today that you will not regret tomorrow. Here are some ideas to help you do just that. Read the rest

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After a tense week of negotiations, the House of Representatives has put out a 110 page draft of the bailout bill, called the Emergency Economic Stabilization Act of 2008. Events leading up to the bill included late night calls to Warren Buffett to get his take on the crisis and the consequences if the Bush bailout bill was not passed. “We are looking over a precipice in terms of the economic condition of the country for the next few years,” Buffett said during an interview on the Fox Business Channel. “If Congress doesn’t help us on this, heaven help us.” So let’s dive into the bailout plan and see exactly what it does, what it will cost, and whether it will work. Read the rest

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The first 2008 Presidential Debate saw both Senators Obama and McCain defend their economic proposals and attack the other’s plan. Facts, figures and statistics were flying back in forth during the exchange so fast it was difficult to keep up. So after the debate I watched the replay and read the transcript to pick out the economic claims made by both Presidential candidates. In this article, we’ll look at their claims to determine whether they are rock solid true (earning a score of 1), true but with a lot of spin (earning a score 2) or flat out, nose-growing false (earning a score of 3). Read the rest

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While doing some research this weekend on pending credit card reform legislation (more about that later this week), I came across a unique credit card offer. Issued by Advanta, the Platinum 90-Day Interest Free BusinessCard gives you 0 percent interest on purchases for three months. What’s unique about this offer is that it is NOT an introductory offer, like most balance transfer and other zero percent credit cards. The 90-interest free period is good on all purchases, period. Read the rest

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Are you on your way to becoming a millionaire? For some the thought of having a million bucks seems ridiculous. But the fact is that becoming a millionaire is simple, even on a modest income. If you have the discipline, building your net worth up to a million dollars or more takes nothing more than time. If you do not have the discipline, then even a $100,000 job will not help you reach a seven figure goal.

You’ve probably seen the show, Who Wants to be a Millionaire? Believe it or not, it is easier to become a millionaire in “real life” than it is on TV. On the TV show, you have to know a lot of trivia to reach the million dollar mark. Few have the memory or desire to stuff their heads with the information one would need to answer all 20 questions. But in real life, becoming a millionaire is not about how smart you are or whether you have a college education. Becoming a millionaire is about the simple, daily choices we all make. So with that, let’s see whether you are a millionaire in the making. Read the rest

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