Credit Card Thief Held on One Million Dollar Bond

It seems kind of excessive to hold a credit card thief on a million dollar bond, but apparently in the Covina, CA, a suspect was arrested for using stolen credit cards to purchase gas.

Sisak Khudaverdyan, 28, of Glendale drove up to a filling station in a Ford Econoline Van and started pumping gas. At gas stations, there is a $100 per charge limit when buying gas, or roughly 25 gallons. If you exceed that, you need to use a different card.

After the thief pulled out a third card, the gas station attendant called the police. When the LAPD arrived, the found two 50 gallon dumbs inside the van rigged to fill up from the external nozzle and dozens of stolen credit cards.

The suspect was out on bail for allegedly committing the identical crime in the Ventura County, and the bail was set for 1 million.

The Discover More Card - Tips to Reduce Your Credit Card Payments

Credit cards are unsecured lines of credit giving you flexible spending accounts. The Discover More Card gives you the flexibility of cash while saving you money on purchases. The best way to take advantage of the Discover More Card is to eliminate the fees and interest which Discover will charge you.

Fees and interest payments will quickly diminish the 5% you earn towards every purchase. But with careful planning, budgeting and especially paying off monthly charges, you can save a substantial amount of money over extended periods use of Discover More Card.

Credit Card Fees

One can avoid fees by making a payment towards your account. However, if the balance is not paid in full, your account starts accruing interest on the balance and future purchases until the balance reaches zero. Discover can charge you from $19 to $39 even if your payment is only a day late.

Sometimes a simple call to Discover will reverse the late fee especially if the payment is due around a holiday. But the best way to avoid the fee is to mail your payment one week before it is due or schedule an online payment.

Cash Advance Fees

Most charge companies have a minimum transaction fee on top of the interest you incur at the time of the cash advance. If the cash advanced fees annualized, you may end up paying upwards to 30%. Thus, try to avoid taking out cash unless you need cash for an emergency.

Annual Percentage Rate (APR)

Credit companies charge various fees for using their credit card. You should make it a priority in avoiding late fees by making your monthly payment on time.. While annual fees were predominate several decades ago, there is no reason to carry a charge cards that have annual fees.

July 2008: Discover Saved Me $19.27

Even though I saved about $20 this month using my Discover Credit Card, I think any savings were diminished by the jump in inflation. Can you say ouch?

Pinch me again. Ouch! Everything seems to be going higher and higher and even with a conscience decision to cut back on spending, we still managed to spend over $2000 last month; hence the 1% cash back savings of $20 from Discover.

I managed to run out of cash one week and was force to charge $8.12 for my lunch at Presto Pasta. That never happened before.

I have to be fair since we did have an emergency and took our Dachshund to an emergency clinic when her eye was all infected. Too bad we didn't have pet insurance to cover the cost.

July 2008 Charge Expenses

For this month, we managed to charge:

Merchandise: $350

Services: $600 ($590 in Vet bills)

Gas: $292

Groceries: $895

I'm fairly certain that our gasoline expense would have been a lot higher if we did our normal summer and daily driving, but we cut back on both. A little walking really did wonders on our pocket book gas consumption.

There's very little we could do about groceries since we do have to eat. Perhaps some of the increase in cost was due to eating out less but going over my statement, it seems that some of our grocery charges were approaching $200 when they normally are around $150.

Things are getting expensive so make sure you pay off you short-term debt every month and start saving more cause it's cool to be frugal.