You'll have to watch your credit card inserts closely at the beginning of 2010. Your credit card issuer will warn you about upcoming changes to your credit card terms as required by Federal law. You might even get a notice of an increased interest rate or switch to a variable interest rate.

Think carefully about opting-out of higher interest rates because your issuer could close your credit card if you reject the new credit card terms.

As you're making plans for the new year, here are 10 credit moves you should make.

Soon you'll be opening your first credit card bill after holiday spending. If you overspent, you might get the splitting headache and fatigued feeling that often comes with overindulging. I must warn you: it's going to take a little more than time, sleep, and aspirin to cure this hangover.

If you don't want to be one of those people that carries holiday debt all the way into the next holiday season, you must take action - soon.

The first step to getting over a holiday debt hangover is facing your debt. Step two is putting the credit cards away so your debt load doesn't get bigger. These two steps will put you on the path to recovery. Read Recovering From Holiday Debt to get complete steps on how you can get over your holiday debt sooner.

Suggested Reading:

• Credit Card Payoff Calculators
• Snowball Your Holiday Debt
• Two Credit Card Payback Methods That Work

It's been live for less than 2 weeks and Blippy users have already made $1 million in credit card purchases. Blippy is a social media site similar to Twitter, that lets you post information about your credit card transactions as soon as you make them. For example, a blip might say "Susie spent $75 at iTunes."

So far, the average credit card purchase is around $46 which owners expect to decrease as more users start signing up.

Signups were previously closed while the service was in a private-invitation beta testing, but a few more people were let in last week. You may be able to get in on the testing by entering the code "1MILLION" at the signup at Blippy.com.

Get the background information on Blippy at a previous blog post, "Find Out What Your Friends Think About Your Credit Card Transactions."

Source: Washington Post

Credit card debt will sneak up on you if you're not paying attention. You'll feel like you woke up one day with a mountain of credit card debt and only the faintest clue how it got there. If think back, you may realize you noticed some of the signs of credit card debt, but didn't realize they were actually signs of credit card debt. For example, did you find yourself ignoring credit card bills when they came in the mail? Or perhaps you shuffled debt from one card to another with balance transfers?

If you're doing a good job of managing your credit cards right now, make sure you can recognize the signs of credit card debt. On the other hand, if you find yourself struggling with debt, you can make a plan to get out of it. Read: 10 Signs You're Headed For Credit Card Debt

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