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Often times, you see words or phrases on student credit card offers that may not make a lot of sense or seem misleading. Check out the terms I’ve outlined below and discover what some of the more common snippets actually mean:

cash advance – A cash advance is when you use your credit card like checking account, and withdraw money from it. You usually have to set up a special PIN number for this, and can do it at most ATMs. I highly recommend never doing this because the money you withdraw has a much higher interest rate on it than simply charging whatever you are buying. For example, my MasterCard’s purchase APR is 13.9%, and its Cash Advance APR is 24% — pretty big difference.

charge card - A charge card is a special type of credit card, because it has to paid off at the end of the month. Think o

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Elizabeth Warren, the Harvard law professor who chairs the Congressional Oversight Panel, was a guest on HBO’s Real Time with Bill Maher show on Friday. And she drew an analogy that graphically explains the limitations of new credit card regulations that come into force today.

She said that relying on laws to control credit card companies was like building a fence on open prairie. The new act erected 10 fence posts (one for each of its key provisions, depending how you define “key”), but any half-decent lawyer–and card issuers employ armies of them–could get around them.

Ms Warren advocated the creation of a super regulator. To extend

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A slumping economy, a soft job market, and rising credit card debt can strain relationships. If you didn’t manage to stun your spouse on Valentine’s Day, you may have to call for reinforcements to save your marriage. Fortunately, credit cards offer five great ways to rekindle romance.

#1: Redeem credit card reward points on a splurge.

Some affinity programs offer special “off-peak” and “last minute” travel deals that can let you whisk your loved one away to a romantic weekend at a fraction of the regular price. Combining reward points or miles from multiple programs using some card issuers’ reward exchanges can help you surprise your spouse.

#2: Use a 0% introductory offer for a great gift.

You can still find some good zero-interest offers on the credit card market, especially at retailers. To keep from

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Tags: Credit, Credit Cards