Articles tagged in Personal Finance

05.31.11

How Are Banks Rewarding Customers?

Erik Chang

Reward programs have become the norm for many banks and customers. After all, why wouldn’t you want to earn points or cash back simply for using a specific credit card? Banks provide these various reward programs for a number of reasons including: increasing goodwill among existing customers, drumming up new business through attractive reward offers and improving their standing in

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05.25.11

The Road To Financial Independence: The Student Credit Card

Alex Gutow

As the end of the school year nears, the excitement of going off to college is building for many high school seniors. One of the most exciting things for these incoming freshmen is the independence that college will bring: no curfew, no parents and no easy access to parent’s wallet when they need some extra money. Before this class heads

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05.16.11

The Future of Banking

Stan Reybern

When I turned nine, my grandmother gave me a bright yellow, circa 1980 Robie the Robot Bank from Radio Shack for my birthday. When I placed a coin into Robie’s hand, he lifted it to his mouth and swallowed my change, keeping it safe for a rainy day in his metal belly. The best part was always the little robot

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05.13.11

Are you financially literate?

Samantha Eckles

There is no doubt that unscrupulous lending practices were a leading cause of the recent recession. However, those practices would not have been able to happen as easily if consumers were better able to question these abusive practices. While the newly created Consumer Financial Protection Agency’s job is to monitor and warn consumers about these practices, they only have limited

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04.29.11

Will ATM Fees Lead to Fewer Transactions?

Samantha Eckles

How much are you willing to pay for the convenience of using an ATM outside of your bank’s network? Two dollars? $2.50? Four dollars? How about five bucks? Would you spend as much as five dollars for that convenience?

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04.06.11

Chase Does A Flip Flop on Debit Card Rewards

Alex Gutow

A few weeks ago, eight million Chase customers received a letter stating their debit rewards would be eliminated in July, two days before the 12 cent cap proposed by the Durbin Amendment would take effect. This letter specifically blamed Durbin for this change and told customers, “As a result of this law, we will be changing our debit rewards program.”

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04.04.11

The Great Banking Revolution

Alex Gutow

In the days of yore, banks and their customers formed long-term relationships…We’ve long since moved away from that model and the relationship we have with our bank is now measured by the convenience, access and choices they give us with our money.

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