Inside Opinion

What's on the minds of Tacoma News Tribune editorial writers

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Tag: credit cards


Think twice before putting that Haiti donation on your Visa

UPDATE: Visa has now agreed waive interchange fees through the end of February on donations made to major, U.S.-based charities, including American Red Cross, AmeriCares, CARE USA, Direct Relief International, Habitat for Humanity, International Rescue Committee, Mercy Corps. Oxfam America, Save the Children, US Fund for UNICEF and World Vision.

Most donors know to check out a charity’s legitimacy before they give. Some even go as far as to check to see how much of the donation will been spent on direct aid versus administrative costs. But how many of us consider how we give?

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Credit card companies get while getting’s good

This editorial will appear in Friday’s print edition.

Credit card companies are begging for a backlash as they race to squeeze as much money out of American consumers as they can before tighter regulations take effect in February.

Interest rates are up an average of 20 percent, even for the best customers. Card issuers have altered account terms and tacked on new fees – anything, it seems, to make a buck.

Their scheming reveals just how determined the industry is to perpetuate profiteering practices, no matter how unfair or deceptive. It also challenges any assurances that such tactics will come to a sudden halt once the new rules kick in.

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