A reader asks the following question:
I have a business Amex card that I have accumulated over 800,000+ miles on.
In January, I transferred over 400,000 to Delta sky miles. Approximately 1 month ago, I looked at the Delta sky miles account and realized that the miles were never transferred and showed that the transfer was pending on the Amex membership rewards site. The problem now is that our business is in the tanks and our account has been put on a payment plan and is temporarily inactive. I called and told Amex the situation and asked to transfer miles immediately. I have been given the run around and have been told they will not honor the previous points until the card is paid.
Hello all! Hope your weekend was good! Mine has been extremely busy, but I did manage to sneak in Transformers 2…awesome movie! A little long, but overall not bad. It’s got action, intrigue, comedic moments, and some touching ones. That’s a lot of emotion in one movie, so it did alright with me. Any one else catch it?
Here is another reader question that we got:
I am a business owner who just got scammed by a male customer. He gave us a credit card to hold while he pumpled his gas and then drove off. My employee didn’t realize that the card was in a female’s name. The name of the card holder is xyz (not revealing real name obviously), I have her account number but didn’t want to give it out over the internet.
I just saw an ad for Borden cheese. Come to find out, Borden is a cooperative of dairy farmers. In the ad, Borden boasts “Our cooperative is 100% farmer-owned. That means 100% of our proceeds go to American dairy farmers.” On the accompanying website, friendsofelsie.com (named after Borden’s mascot, a cow named Elsie), visitors can read about the spirit of cooperatives and how supporting Borden supports the community.
Yesterday, fans of Michael Jackson bemoaned the loss of a great musical icon. But what was more interesting to me was how much debt he had at the time of his passing. Estimates range from $300 million to $600 million. I have done as much search and research about it. So here’s my “Saturday Morning Live” money lessons from the King of Pop.
Here is a question from a reader:
Hi,
I have a credit card which I’ve had for years. When my daughter, at age 17, went to college, I got her a card for emergencies. She didn’t sign for it and we didn’t ask for joint account. She used it a few times but since had paid it off. I went through a financial struggle and used the card myself to the limit and now am in BK13. They shifted the debt to her, changed the name on the account and sent it to collections. It now shows on her credit report and we have never given them her SSN. I don’t understand? Can this be?
Despite the recent Credit Card Bill of Rights, there are still plenty of “tricks and traps” out there to ensnare you. Jason Cochran, over at Wallet Pop, has come up with his list of the six common ones.
In the run up to the passage of the Credit Card Bill of Rights, I expressed some concern over the provisions affecting young adults. Now that the bill is law, it is time to look at what actually passed, and what effect it will have on Americans ages 18, 19,and 20.
In a couple of hours, I will be hosting a radio show with SVB from The Digerati Life. Well be chatting about money stuff for about an hour. I will post the show in the evening, but if you want to listen live, this is what you have to do.
The Credit Card Bill of Rights was signed in to law weeks ago, but it is still generating some debate as to how it will ultimately shake out.