Aug 05

Most major credit cards today offer fraud protection, which protects your credit rating — and your assets — in case your credit card is stolen or if fraudulent charges appear on your credit card.

This should be one of the primary benefits you look for when you apply for a new credit card. Ideally, you want to find a card with $0 fraud protection, which means there is no deductible and you are not liable for ANY fraudulent charges on your card. Some cards make you pay the first $50 in fraudulent charges.

You may also want to look at the amount of fraudulent charges you are protected up to … in other words, you are covered for fraudulent charges that do not exceed $250,000 — or whatever amount. This is especially important if you have an American Express card or another card with no pre-set spending limit.

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Tags: Credit Cards, Fraud Protection, Protection

Aug 04

By Jonathan Cheng And Donna Kardos Yesalavich

Stocks finished slightly lower as investors braced for the government’s monthly payrolls report on Friday morning.

The Dow Jones Industrial Average lost 5.45 points, or 0.05%, to close at 10674.98, after spending much of the trading day deeper in negative territory.

Investors searched for clarity on the sustainability of the economic recovery ahead of Friday’s employment data, with Thursday’s data offering only conflicting messages. Weekly initial jobless claims unexpectedly rose while retailers reported mixed July same-store sales.

“It seemed like some optimism had been creeping into the market this week, which was dissipated by this morning’s jobless claims number,” said Tom Samuels, managing director for Palantir Investments.

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Tags: Payrolls, Payrolls Loom

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