If you make a purchase on a credit card, your retailer gets less money because he has to make some hidden payments as fees. For example, if you are making a payment of $ 150 its not that the entire money is reaching the retailer. He/she is getting only a part of it. If you use a card that offers benefits, the store will be getting even less than what it would if you’d use a card that does not come with any benefits. For example if you are using a card that offers you airline miles to buy something at a mall, the store will get lesser than it would if you would have used a card that does not offer you any perks.  This is the reason the stores have decided to price their items higher. On the other hand, there are people who don’t use credit cards. Till a few days ago stores would offer [...]

The after effects of the recession epidemic are showing up one by one now. You might have rejoiced over the news that the recession was fading but the Labor Statistics Report saying that unemployment has hit an all time high within the last six years this August is sure to dampen your soaring spirits. To add to that the unemployment perks have become chargeable now. Here’s a CNN report on that. Now, instead of issuing unemployment checks, many states are issuing prepaid debit cards to the unemployed. They want to save up on the printing and shipping costs involved with the unemployment checks. If you are unemployed you will be issued a prepaid debit card which you can use for availing your unemployment. The Labor Department reports that this is being adopted by 31 states. These cards may [...]