| Navigating the deluge of credit cards
In a country from which there are hundreds of credit cards to choose, picking one that best suits your financial needs and lifestyle is no easy task. There are cards that offer rewards, cards that tout low interest rates and cards that have no annual fees. Many of these credit card offers have been dropping into mailboxes recently. January is a busy month when it comes to applications sent out by credit card issuers. That's not surprising, given that many people who used their credit cards heavily in December for holiday shopping may be in the market for a new one. "We've heard that from card issuers, and we've seen that in our business," said Bill Hardekopf, chief executive officer of Lowcards.com, a Web site that helps consumers compare credit cards.
Don't Get Bitten By Zero Percent Interest
Your credit cards are close to their limit and your minimum payments are barely covering your interest rate. You open the mailbox and see a light at the end of the tunnel. A new creditor is offering you the chance to take all of that debt, put it on one card and pay no interest. It seems like heaven. But some experts say low or no interest offers can carry some negative consequences if consumers dont know what they are getting into. .
Recap of Saturday, January 19
That's the Fed's job and it's doing it. Mike Norman: Adam, maybe we don't need a stimulus, but if we have one now, it's good insurance for a growing economy. Neil Cavuto: You just said we might not need stimulus! (LAUGHTER) Mike Norman: I think we do! Neil Cavuto: Well, I think you're wrong. I'm the host. (LAUGHTER) Head to Head: Cloned Meat: Great for the Economy? Neil Cavuto: The FDA ok-ing cloned meat. That means in no time, you could be drinking milk from a cloned cow or eating a hot dog from a cloned pig. Sounds gross! But, could it offer the nutrition our weak economy needs? It's time to go "Head to Head." Pat Powell: I think anything that expands the food supply in a safe manner is a good thing.
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Ever since the launch of the PlayStation 3, those who took exception to the console's relatively high price criticized Sony's decision to include an expensive Blu-ray Disc drive. While developers such David Jaffe (God of War, Twisted Metal) wanted to do without the drive, Sony itself has said that the decision to include Blu-ray Disc hardware is the smartest decision it has ever made. Now with the Blu-ray Disc format looking stronger than ever with the support of Warner Bros., the PlayStation 3 appears very well positioned as multimedia machine that appeals to more than just the gaming market. Along with consumers, Sony felt the pain of its high console price at the time of the PlayStation 3 launch in November 2006. iSuppli estimated that the initial cost of manufacture for the console was $840.35 for the 60GB model.
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