Low Interest Credit Cards

Thanks to the Credit CARD Act, visitors to national parks can carry licensed firearms beginning on February 22.

It is hard to believe that this unique provision was added to the revolutionary credit card bill passed by members of Congress last May. Most of the attention from the bill has been given to the restrictions on interest rate increases and over the limit fees. However, there are many other lesser-known regulations in the Act that could have far-reaching ramifications for consumers.

Here is a look at some of those other provisions that take effect on February 22:

* Young adults who are under 21 will have a harder time building up their credit history. If they do not have a job with enough income, they must get an adult to co-sign. Fewer students will have credit cards and this will represent a major shift in spending patterns among young adults.

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Today is the opening of the 2010 Winter Olympics, which are taking place in beautiful Vancouver, British Columbia. The games last through Feb. 28 and feature 15 Olympic sports ranging from ice hockey to bobsledding to curling.

Most of the participating athletes have been anticipating this competition their entire lives. They spend countless hours training, often missing important events to pursue their sport. They eat with precision in order to fuel to their athletic bodies. They have determination and focus that most of us only wish we could find. And all of their efforts are for one thing: the coveted gold medal. The winner not only achieves glory, but also becomes a hero in his or her country (and is usually offered millions of dollars in sponsorships).

Sure, most of us will never be Olympic ski jumpers, and major corporations will probably never pay us to wear their clothes, but that doesn’t make our individual goals any less important.

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Nowadays, they take credit card for everything. In fact, if you’re like me, you probably get frustrated at those dry cleaners and shady convenience store that won’t accept plastic for payment. But one Michigan man allegedly got himself into hot water when he tried to purchase his crack cocaine using – believe it or not – a credit card!

What happened?
Although I don’t live in Michigan, I was born and raised there, so I try to stay on top of their news somewhat regularly. I was checking today, and low and behold I see a bulletin from the Associated Press about a man that allegedly told police he was robbed after he attempted to pay for his crack with a credit card. If that’s not bizarre enough, the story gets weirder…

According to the Flint Police, the suspect reported his 2003 Chevy Malibu was stolen last Thursday. That’s un

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My long journey on the Oregon Trail — which was really just me ordering computer parts, getting my card information stolen and then blogging about the experience — continues to roll on. The post was included just down the road a piece in the 45th edition of the Rich Life Carnival.

This week’s carnival boasts a downright smorgasbord of articles. We’ve got posts on technology, healthy living, hobbies and, of course, personal finance. Be sure to check ‘em all out.

A carnival on these here Internets is when a blogger hosts multiple stories from different writers about one topic. We generally stick to personal finance blogs ’round here, but I’m thinking some day we’ll do something about credit cards.

I’ll keep you posted. Happy trails — uh, I mean happy reading!