Just before Christmas Eve I received an email from one of my readers who wanted to make sure that the American Express Simply Cash Business Card is a nice card and worth a hard inquiry. My reply was very simple—“This is one of my dream cards. You certainly should apply for this card! ”

According to the new study conducted by Javelin Strategy & Research, Bank of America took top honors for the second year in a row in the report ranking the largest U.S. banks on how well they protect their customers from fraud and identity theft. JPMorgan Chase, Washington Mutual and Wells Fargo tied for second place, and Citibank came in fifth.

According to The Wall Street Journal, Fair Isaac, which created the popular FICO credit score, is making some small adjustments to the way it calculates American people’s credit scores.

I just want to let you know that I received the check card promotion as I posted here. I wrote a bank email to Chase about this bonus. Their responses were really disappointing. (see here) So I called them up and asked when I can get the $50 bonus.

My post about redeeming ThankYou Points for an airline ticket to Europe or Asia turned out to be one of the most popular posts in this blog. If you can earn enough ThankYou Points from Citi, it’s really a nice plan. Anyway, if we assume that a ticket to Asia or Europe is about $1,000 and you have 60,000 points to redeem a ticket, your earning for using Citi credit card is actually 1.6 point per dollar spent. If you are using Citi mtvU card for college students, your reward will be 5*1.6=8 points for making purchases at restaurants and Amazon.Com.

Ok. The next job is to manage your credit card account. You should be careful that if you miss one payment, your default APR will be applied. In another way, you lose the promotional 0% APR offer if you miss one payment.

Bank of America is offering $100 Statement Credit for new approved Rewards American Express Card. In order to get the $100 statement credit, your new account must be used to make any purchase, balance transfer or cash advance transaction totaling $25 excluding any transaction fees, if applicable within 45 days of the account open date.

Ok, this is the third post about making money off of other people’s money. Sure, we are still getting $100 or more for sign-up bonus. That’s the easiest way to earn money from banks, and we are all doing this. However, by taking advantage of balance transfer, you can make more, just more, from a single credit card.

Ok. If you are not categorized as one of four types of people, you are ready to proceed to prepare for playing the balance transfer game. Here are some definitions…….

I believe most of us have got the letter regarding a class-action lawsuit claiming that ” Visa, MasterCard, their member banks, and Diners Club, conspired to set and conceal markups and fees, typically 1-3%, on foreign transaction.” and “those persons who made a foreign transaction using a Visa-, MasterCard-, or Diners Club- branded credit, charge or debit card between February 1, 1996 and November 8, 2006 are members of the Settlement Damages Class.”