Category: Credit Card News

Keep on spending!  With Capital One posting a 37 percent profit increase for the first quarter of 2012, that is exactly what they want you to do.  The powerhouse lender… READ FULL ARTICLE

The next time you get your credit card statement, take a close look it and you might uncover there is more than meets the eye.  The state of Hawai’i is… READ FULL ARTICLE

The future of credit cards is not only bright, but it’s also very high tech. Already, there are companies transforming old-fashioned magnetic strip plastic into miniature computers with extraordinary capability.… READ FULL ARTICLE

The Credit CARD Act is one of the most sweeping of credit reform laws put into place in recent years. The law places restrictions on lenders and requires them to… READ FULL ARTICLE

What if your credit card company told you about the best deals in airline tickets? MasterCard’s announcement of PriceAssure may help many frequently flyers cut down on the ever increasing… READ FULL ARTICLE

How many times do you get home and think, “I should have used that card for the purchase instead” so you could maximize rewards? Credit card rewards can be lucrative… READ FULL ARTICLE

Is saving the planet something in your business plan? Many businesses are looking for ways to Go Green and now you can do it alongside your credit card. The environmental… READ FULL ARTICLE

How closely do you monitor your credit card statements? If you are like many men and women, you assume the lender is protecting you from potential mistakes on your bill.… READ FULL ARTICLE

Could shopping when you are feeling bad impact your buying habits? According to some researchers, if you have poor self esteem, you are more likely to see your credit card… READ FULL ARTICLE

What’s your credit score really? Is the number you should go buy the FICO score? Maybe it is your TransUnion score? With so many variations to this single most important… READ FULL ARTICLE

New radio frequency (RF) chip credit cards are really handy and convenient. All you have to do to use one of them to purchase something is to basically wave it… READ FULL ARTICLE

Do you make your payments on time? If so, it is likely because you want to have a high credit score and your long term goals are to keep using… READ FULL ARTICLE

SunTrust bank, a major financial institution with lots of branches across the southeastern USA, has partnered with MasterCard to launch the SunTrust Campus Card, an innovative product that basically combines… READ FULL ARTICLE

Cutting fees seems like a good way to reduce how much you have to pay to credit card lenders. That’s the conversation happening in Congress, where lawmakers are working on… READ FULL ARTICLE

Would you choose a credit card using a chip that doesn’t require swiping? Many people in Europe and Canada are doing it. Why not you? Some American credit card companies… READ FULL ARTICLE

Is your credit card information safe? For most people, the thought never crosses their mind. You go to the store, make a purchase, put your card away and think nothing… READ FULL ARTICLE

Do you have a credit card but not a salary? Are you a stay at home mom that’s job entails raising kids while your spouse works? If so, some credit… READ FULL ARTICLE

What do lenders think of you? As consumers, we don’t often think about our credit scores or credit report until we plan to open a credit card or another line… READ FULL ARTICLE

Do you worry about shopping online? You are not alone. Plugging in sensitive credit card data online doesn’t always feel safe to do. It is estimated that more than half… READ FULL ARTICLE

You hand over your credit card number to people all the time and assume they are trustworthy. You do so at the grocery store, at dinner and even for subscription… READ FULL ARTICLE

Teens use credit. If you have a teen, be honest with yourself for a moment. Do you invest enough time in teaching your child about money – how to use… READ FULL ARTICLE

Do you like advances in credit card technology? If so, you may like the newest plans announced by mega phone companies.  Three of the nation’s biggest phone carriers are reported… READ FULL ARTICLE

Do you know what carrots your credit card lenders are actually dangling in front of you? Most people don’t realize the scope of the offers on the table and that… READ FULL ARTICLE

Does your college student have a credit card? Did you know that9 in10 undergraduates will pay for their college expenses on credit cards? These cards are critical to consumers and… READ FULL ARTICLE

Do you worry about your credit card number being stolen? According to Privacy Rights.org, 27.3 million Americans have been the victims of some type of identity theft in the last… READ FULL ARTICLE

For many people, those credit card swiping devices at the checkout counter are trouble. On one, you may have to hit the green button but on the other, it’s the… READ FULL ARTICLE

Did you get your credit card lender to agree to reduce your debt to settle it in full? That’s great – you just saved a bundle of money. Not so… READ FULL ARTICLE

Perhaps you’ve been there. You are standing in line, ready to pay. You get to the checkout and for some reason, your credit card is declined. Not only are you… READ FULL ARTICLE

Do you get rewards from your credit card company? Rewards credit cards including cash back cards do offer some nice incentives. You get a percentage back on your purchase –… READ FULL ARTICLE

What if the very company offering you a credit card faced a hack? What if your personal information – your address, phone number and credit card number – was put… READ FULL ARTICLE

What do you want companies like Sony to do to protect your rights and to safeguard your personal credit information? Credit card companies and retailers are under fire to protect… READ FULL ARTICLE

Credit card companies are in the business to make money. Though the recent recession pushed many people out of using credit cards and many more defaulted, many companies are seeing… READ FULL ARTICLE

What do you do if you lose your credit card or you fear it was stolen? Normally if a cardholder thinks that there is a chance that their card or… READ FULL ARTICLE

Are you confident in your financial situation? If you are like many Americans you are struggling right now to keep your head above water. No matter what got you to… READ FULL ARTICLE

You thought the biggest risk is managing your credit card accounts was keeping them safe from someone stealing them out of your wallet. You may know that some would-be thieves… READ FULL ARTICLE

You love your favorite PlayStation games – or at least the kids do. In order to use this system, you have to set up an account and often that account… READ FULL ARTICLE

How are you fairing when it comes to credit card use? Are you using more or less than you used to? Credit card use for Americans is improving with many… READ FULL ARTICLE

Law enforcement agencies have been in an intense battle with credit card crime rings over the past few years as more Americans shop via the Internet and more criminals become… READ FULL ARTICLE

50 Cent, the famous rapper from New York, was recently targeted by a credit card criminal according to reports in the New York Daily News. Apparently his American Express credit… READ FULL ARTICLE

Not long ago authorities encountered a new kind of scam that builds upon one of the oldest tricks in the book by adding a new, high-tech social media twist. Crooks… READ FULL ARTICLE

Fed Chairman Ben Bernanke used last month to speak publicly about the important of financial literacy to ensure a stable, healthy economy. April was Financial Literacy Month, and Bernanke gave… READ FULL ARTICLE

Federal agents raided the home of two Vietnamese exchange students not long ago on suspicion of participation in a credit card theft ring. Authorities said that the rather complicated scam… READ FULL ARTICLE

Equifax – one of the “big three credit reporting agencies, has revealed statistics that show that consumer debt is finally on the decline, after hitting a peak level around the… READ FULL ARTICLE

Mint.com has become one of the most often used financial help websites of all, and millions of people rely on Mint to help them do a better job of controlling… READ FULL ARTICLE

American Express has emerged as the lead investor in a $19 million financing package to support the innovative new phone-based payment company Payfone Incorporated, according to recent news reports in… READ FULL ARTICLE

Square is the company that first gave us the cool credit card reader system that can turn a smart phone into a credit card reading machine. Now they have some… READ FULL ARTICLE

Lots of new technology has been introduced over the past couple of years to enable merchants to more easily and conveniently swipe your credit card. This saves merchants the sometimes… READ FULL ARTICLE

A California man who was not happy with his bank after they said that they would not let him refinance a loan and avoid paying stiff penalties and fees on… READ FULL ARTICLE

In mid-April a beeping credit card reading device caused a bomb scare aboard an airliner preparing for takeoff from New York’s LaGuardia Airport, authorities said. Passengers traveling on the NYC… READ FULL ARTICLE

According to an article published by Gannett – the media giant that owns major newspapers including USA Today – banks and credit unions are trying to persuade federal regulators to… READ FULL ARTICLE

Some major card issuing banks have lowered the interest rates cardholders have to pay, and the move is in response to new credit reform laws passed by the federal government.… READ FULL ARTICLE

The Federal Trade Commission recently sued a slew of Internet companies scattered across several western states and concentrated primarily in Utah and Nevada. The companies have been accused of victimizing… READ FULL ARTICLE

Recently published minutes from meetings at the Federal Reserve give the U.S. economy a bill of good health, saying that the recovery is happening “at a rate that has been… READ FULL ARTICLE

Experian, one of the “big three credit reporting agencies in the USA, has revealed the results of its annually compiled credit card debt report, and it shows that the average… READ FULL ARTICLE

Congressional investigators last year discovered that banks that issue credit cards have for years been engaged in secretive business relationships with universities and colleges across the USA that reward educational… READ FULL ARTICLE

Experian, which is one of the nation's “big three credit reporting agencies, announced a new initiative to include rental payment data in its credit scoring calculations. The company has started… READ FULL ARTICLE

Elizabeth Warren, the new adviser charged with setting up the Consumer Financial Protection Bureau, wasted no time getting down to business. She immediately contacted members of the financial industry, including… READ FULL ARTICLE

The Fed recently issued the results of its 2010 Senior Loan Officer Survey, which shows that lenders across the USA predict improvements in loan repayments. Those include expectations of significantly… READ FULL ARTICLE

The corporate website for MasterCard was taken offline and rendered inaccessible in early December as a result of an apparent cyber attack launched against the card company by supporters of… READ FULL ARTICLE

Many consumers became completely disillusioned with traditional credit rating agencies like Moody’s and Standard & Poor’s in the wake of the sub-prime mortgage crisis and subsequent economic crash that wiped… READ FULL ARTICLE

Starting this month new amendments to the Fair Credit Reporting Act will require lenders to send a Risk-Based Pricing disclosure notice to customers anytime they give the customer less favorable… READ FULL ARTICLE

This week the Supreme Court of the United States heard a case brought forward by Chase Bank and one of its credit card customers, a fellow named James McCoy. In… READ FULL ARTICLE

This month the Federal Reserve Bank of New York released its Quarterly Report on Household Debt and Credit for the third quarter of 2010, and revealed that the level of… READ FULL ARTICLE

Although the federal government enacted the CARD Act last year in order to offer more consumer protections for cardholders, credit card companies have managed to cleverly exploit loopholes in the… READ FULL ARTICLE

The company has a strange name that sounds like something out of a science fiction movie or your high school calculus class, and you have probably never heard of it… READ FULL ARTICLE

Although it is does not have the population centers and metropolitan cities of other more prominent states, the rather rural and down-to-earth state of Vermont often leads the way when… READ FULL ARTICLE

Start checking your mail! With the recent credit crunch and tightening of credit criteria for new credit card account holders, credit card companies are sending out fewer direct mail credit… READ FULL ARTICLE

Consumers and cardholders used to look forward to using the opportunity of a balance transfer offer to shift their credit card debt from a more costly and cumbersome credit card… READ FULL ARTICLE

Many top economists point to recent data that indicates were are headed into another year of foreclosures fueled by mortgage delinquencies. But interestingly enough, several others believe that the homeowners… READ FULL ARTICLE

According to a recent news article on the CNN/Money website, an unhappy customer of Bank of America posted a video on YouTube where she complained about having the interest rate… READ FULL ARTICLE

The spam senders are getting desperate. Just about everyone now knows that e-mails from Nigeria are like short stories in the old Saturday Evening Postpure fiction. Therefore, many Nigerian spammers… READ FULL ARTICLE

While the majority of large credit card companies (i.e. those featured on our website) avoid such predatory practices at all costs, we have found that some less popular credit card… READ FULL ARTICLE

Ever wonder what credit card companies make in a given year? Below is a list of annual income (after all expenses) for all the largest players in the United States.… READ FULL ARTICLE

In an attempt to generate additional giving this holiday season, the Salvation Army is giving patrons the opportunity to use their credit card when passing by donation kettles. In all,… READ FULL ARTICLE

The long lost retail art of using layaway instead of credit is making a comeback. A layaway program benefits consumers because it allows them to make payments in installments without… READ FULL ARTICLE

While it could be convenient to pay out of pocket medical expenses on your personal credit card, Consumer Reports states that this is a dangerous trend that could result in… READ FULL ARTICLE

JP Morgan Chase received high marks from industry experts given their ability to steer clear of the sub-prime mortgage mess. However, the declining financial health of American consumers has caused… READ FULL ARTICLE

The global credit card business for Citigroup lost over $900 Million based on selling credit card debt as bonds for pennies on the dollars. Prior to Q3 of 2008, Citi… READ FULL ARTICLE

The US State Department has issued a warning to approximately 400 passport applicants in the Washington D.C. area of a security breach in one of their databases. The information that… READ FULL ARTICLE

In recent weeks, we have heard about rising delinquency rates among the largest issuers of credit cards. According to the Federal Reserve Board, the delinquency rate on credit cards for… READ FULL ARTICLE

Obama’s campaign has received an unprecedented $100 Million in online credit card donations. The campaign is currently allowing payment of donations over the Internet from prepaid credit cards which increases… READ FULL ARTICLE

The largest of credit card issuers aren’t the only ones seeing the number of monthly delinquencies rise. Target stores announced last week that the company’s annualized percentage of write-offs had… READ FULL ARTICLE

Instead of relying on credit lines to make payroll or cover short-term operating expenses, a growing number of small businesses are using credit cards to fund cash flow. The Miami… READ FULL ARTICLE

As mentioned previously, Congress is working on a credit card bill of rights intended to protect consumers from the onslaught of fees and restrictions imposed by credit card companies. While… READ FULL ARTICLE

According to current reports, its likely that credit card companies will be spending less on television spots in 4Q. The service which tracks advertising spends by industry, Nielsen Monitor-Plus, forecasts… READ FULL ARTICLE

Most everyone trusts the independent product opinions of ConsumerReports.org. In the October issue, which is now in newsstands, Consumer Reports gives their opinion as to the best and worst credit… READ FULL ARTICLE

The state of Ohio treasurer, Richard Cordray, and Democratic Attorney General candidate hopeful are campaigning together that they will restrict the aggressive or “predatory” credit card marketing of credit card… READ FULL ARTICLE

With the volatility in the stock and financial markets, word on the street is that credit card companies will look to reduce potential bad debt exposure by reducing credit lines… READ FULL ARTICLE

It’s said that “History is the best indicator of the future” or so it goes. This type of analysis is at the heart of the value placed on your credit… READ FULL ARTICLE

The public comment period recently closed for new credit-industry regulations proposed by U.S. Agencies. The goal of the Federal Reserve is to finalize new regulations by the end of this… READ FULL ARTICLE

It was recently reported that John McCain and his wife Cindy may have as much as $250,000 in credit card debt. They also reported that they have an American Express… READ FULL ARTICLE