The Skinny on Credit Cards: How to Master the Credit Card Game

The Skinny on Credit Cards: How to Master the Credit Card Game

by Jim Randel

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Product Details

ISBN-13: 9780984139323
Publisher: Rand Media Co
Publication date: 04/01/2009
Series: The Skinny On Series
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 176
File size: 8 MB

About the Author

Jim Randel, a graduate of the Columbia University College and Law School, has made his living as an entrepreneur. During his 30-year career, Jim has been the lead investor in many real estate and business deals.

Jim has been a guest speaker at Harvard and NYU Business Schools, annual conventions for national organizations, and investor sessions in every large city in the United States. He has also appeared on numerous networks as an expert on investing. Recent engagements include ABC, CBS, Fox, Fox Business and BetterTV.com.

Throughout his career, Jim’s passion has been to teach and write. His first book, The Real Estate Game (CCH), was published in 1986 and received national recognition from investors and critics. From 1988 to 1990 he was a daily commentator on the Financial News Network (now CNBC). In 2006 he wrote Confessions of a Real Estate Entrepreneur (McGraw-Hill) which reached #1 in several Amazon categories.

In 2008 Jim founded RAND Publishing which, under the imprint, The Skinny On™, publishes a revolutionary line of illustrated non-fiction books.

The first book in this series, The Skinny on the Housing Crisis, was awarded First Prize in the prestigious Robert Bruss Real Estate Book competition sponsored by NAREE, a group of 600 journalists who cover business and finance. This was quickly followed by 7 more titles: The Skinny on Willpower, The Skinny on Credit Cards, The Skinny on Success, The Skinny on Real Estate Investing, The Skinny on Direct Sales, The Skinny on Time Management, and the newest in the series, The Skinny on Persuasion.

Jim lives and works in Westport, Connecticut with his wife Carol. They have four grown children and two grandchildren.

For more information on Jim Randel, go to: www.jimrandel.com .
For more information about the Skinny on series, go to: www.theskinnyon.com .

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The Skinny on Credit Cards: How to Master the Credit Card Game 4.8 out of 5 based on 0 ratings. 4 reviews.
plappen More than 1 year ago
Here is a simple, but not simplistic, look at the world of credit cards. Beth and Billy are your average married couple who suddenly find themselves with a lot of credit card debt. Billy feels that as long as he pays the minimum payment each month, everything is fine, but Beth is not so sure. Along comes Randel, the author, to explain to them the reality behind credit cards. Credit card companies want cardholders to pay just the minimum payment each month. That way, they can charge interest on the unpaid balance, raising your overall bill. If that particular ard was never used again, it can take years to pay your total bill by paying just the minimum amount. You will also pay the credit card company more than you originally owe, because of the accumulated interest on the unpaid balance. Credit card companies can, and will, raise your APR (Annual percentage Rate) whenever they want; the Cardholder Agreement says so. They can also be very sneaky about setting the cut-off time for receiving payments. For instance, they can set the cut-off time for 10 AM, when they receive their daily mail delivery at noon. Even if your payment was received that day, it is still late, which means that they can charge a late fee. College students are a goldmine, because they are probably financially illiterate, and think of credit cards as free money. What can the average consumer do about it? Pay off as much of your bill each month as possible; forget about paying just the minimum payment. Call your credit card company, and ask them for a lower interest. It could shave months, or years, off the time needed to eliminate your debt. If you have a large debt, look for a one-time infusion of cash to reduce the debt. Consider a low-interest credit card as a place to which to transfer your balances. This book does a wonderful job at teaching the financial literacy not taught in school. get past the stick figure illustrations, and this book is highly recommended for everyone.
richardblake More than 1 year ago
In easy non technical layman's terms Jim Randel talks about the multifaceted issues associated with credit card funding. "The Skinny of Credit Cards" gives the reader an understanding of how to avoid the pitfalls that often accompany credit card debt. He introduces keys what will help the reader use the credit card as a tool for enhancing their lifestyle. Jim Randel uses Billy and Beth a typical young couple who find themselves in a dilemma. They have accumulated $25,000 in credit card debt. They illustrate the possible danger of credit card pitfalls and illuminate the reader with steps to finding peace of mind, while effectively using credit card debt. Jim continues to use the familiar format of the "Skinny On" series. I always enjoy the illustrations created by Malinda Nass, which accompany the narrative using stick figure drawings, the witty dialog, and the quick rundown statements which provide concise, yet a comprehensive summation of the hours of research in accumulating the information. Quotes and references are well acknowledged and include a list of additional available resources. I found the topics on protecting yourself against fraud very helpful. The chapters dealing with teaching the kids about debt and the one on selecting the right card are important and practical. "The Skinny On Credit Cards" is must reading for anyone wanting to: Break away from credit card debt, improve their credit standing, reduce their interest rate, avoid fees, or spot credit company tricks. By applying the principles introduced in "The Skinny on Credit Cards" the reader is equipped to use Credit Cards with a deeper understanding. As Reveiwed for Midwest Book Review.
The_Reading_Reviewer More than 1 year ago
Why is is so easy to pretend that we can have everything and not worry until the bill comes about how we are going to pay for it? Everything has a price with an interest rate attached so figure out what you should know about proper use of credit so that you don't lose it.
FeatheredQuillBookReviews More than 1 year ago
Did you know that 14% of U.S. cardholders have more than 10 credit cards and it's estimated that those who use credit cards have an average debt of $10,000?! If you read The Skinny on Credit Cards, you'll learn these facts and so much more. In our busy world, where people barely have time to go to their kid's soccer game, few have the time (or desire) to read a bulky book on credit card usage and finance. Enter Jim Randel and "The Skinny" series of books. Through the use of a simple story with a light dose of humor, short, concise text and stick figure drawings, Randel conveys the important aspects of the credit card world. In The Skinny on Credit Cards, the reader meets Billy and Beth. Beth is a saver but Billy likes to spend. They have 13 credit cards and before long, have amassed $25,000 in debt. Jim Randel, in stick figure form ("What a good looking man!" exclaims the bubble above Beth's head) comes along to help the troubled couple. Randel explains if Billy and Beth, ".never use your credit cards again, with $25,000 of debt, an interest rate of 15% and fixed payments of $500 every month, it will take you 79 months to pay off your debt!" The Skinny on Credit Cards covers everything the reader needs to know to get out of debt (or, more importantly, how to NEVER get into debt!) including late fees, over-the-limit fees, FICO scores, and even how cards that offer rewards and rebates typically have higher rates and fees. Finally, Billy, Beth, and the reader learn about Randel's three points to pay down debt as quickly as possible. This book is an excellent resource for those troubled with credit card debt and should be in every high school to teach students how to handle credit before they get buried beneath debt. Quill says: For an easy and thorough explanation of the credit card world, get a copy of The Skinny on Credit Cards.