Money Hacks

How to Destroy a Credit Card

Kaushalmodi posted an artistic Flickr photoset of a shredded credit card.

Wachovia Bank, N.A. recently announced that it was withdrawing the collaboration of MBNA from the Wachovia credit cards and now the credit cards would be issued by Wachovia itself. So here I am in the process of destroying the credit card by MBNA.

Really, there’s nothing earth-shattering or “how-to” about this. It just looks pretty:

I’m not a fan of personal credit cards. I don’t carry any, and at Get Rich Slowly I advocate that others avoid them too. Still, many people love them for the bonus programs. (My wife is devoted to her 1% cashback from Discover.)

Those who use credit cards may be interested in Credit Card Tune-Up, a web-based tool that recommends the best rewards cards based on parameters you provide.

Choosing the right credit cards to maximize your cash back rewards can be daunting. There are hundreds of cards to choose from and their reward structures are a mish-mash of tiers, limits, and categories. Plus, credit card companies frequently offer new cards and change their existing cards’ reward structures. The Credit Card Tune-Up tool makes all of that easy. Just plug in how much you spend each month, press Enter, and you’ll be presented with a list of recommended cards sorted from best to worst by your expected annual reward.

This site looks quite impressive. If I used personal credit cards, I’d be all over this!