As we’ve reported, the CARD Act changed the age at which children can apply to credit cards.

The parents are concerned- but maybe they should give credit a chance.

You can help build your child’s credit and responsibility through cards. Managing credit is an important skill to be financially viable later on.

Of ...]]> ABC News reports some violent reactions to the idea.

As we’ve reported, the CARD Act changed the age at which children can apply to credit cards.

The parents are concerned- but maybe they should give credit a chance.

You can help build your child’s credit and responsibility through cards. Managing credit is an important skill to be financially viable later on.

Of course, we’ll let parents decide what’s right for their own children- but you should at least consider both sides.

An interesting article at Bargainer highlights the average fees merchants pay to credit card companies.

Want a peek behind the curtains? This is it.

We like the music and fun, retro style.

Enjoy.

MasterCard PayPass from Bitter Lix on Vimeo.

One commenter notes that CARD has reduced the number of cash back offers for consumers.

Of course, it’s easy to interpret this in a couple of ways. For those who like credit card companies, this makes the CARD Act seem financially harmful to “good” credit card users. For those who are upset by credit practices, it’s a sign that the CARD Act is reducing certain negative financial incentives.

We’ll remain impartial- but it is interesting to see how the CARD Act affects all ...]]> The CARD act may have a few more consequences.

One commenter notes that CARD has reduced the number of cash back offers for consumers.

Of course, it’s easy to interpret this in a couple of ways. For those who like credit card companies, this makes the CARD Act seem financially harmful to “good” credit card users. For those who are upset by credit practices, it’s a sign that the CARD Act is reducing certain negative financial incentives.

We’ll remain impartial- but it is interesting to see how the CARD Act affects all users of credit.

I really just don’t understand this whole FICO Score / Credit report thing

We’d encourage checking out some of our resources on the topic.

A good start? Reading our articles on credit scores and FICO scores.

In short, these scores are ways of measuring your financial reliability based on your credit history. It’s simple to understand but, of course, can take a lifetime to perfect.

Now, Jon Stewart has another take on the CARD Act and young people. As you might expect, it’s strongly worded and not quite safe for work. But it’s always good to hear a new perspective.