Category: Credit Card News

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

As odd as it may sound, some credit card companies will cut you off just like a bartender at closing time if you try to consume too much gasoline using… READ FULL ARTICLE

GeniusWave has created a new travel and utility app for mobile phones called Location Finder for Travel Cards. The benefit of this particular app is that it helps credit card… READ FULL ARTICLE

The environmental organization Brighter Planet recently partnered with MasterCard to offer business credit card customers a tool that helps them not just track their credit card expenses but also their… READ FULL ARTICLE

Police in Orlando suggest that if you bought gasoline with a credit card in Orlando within the past couple of years, you may want to check your credit card statement… READ FULL ARTICLE

If you are trying to lower your credit card debt, you may want to carry your plastic only when you are in a good mood and feeling confident about yourself.… READ FULL ARTICLE

VantageScore Solutions recently received a patent and trademark for its proprietary method of performing credit report scoring that combines various credit reports into one single score. The same VantageScore model… READ FULL ARTICLE

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

The Sacramento Bee newspaper reported in early May that according to the major credit rating agency Moody's, defaults on credit card payments are about to hit their lowest level in… 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

As usual, America's elected officials are in the middle of an ugly skirmish over money. This time lawmakers are debating over rules and regulations governing credit and debit cards, particularly… READ FULL ARTICLE

U.S. credit card issuers who have been pondering the adaptation of European style pin and chip credit cards got a new incentive to move ahead when the United Nations Federal… READ FULL ARTICLE

The nationwide craft supply chain Michael's reports that some of its locations, including about half a dozen in North Carolina, may have credit card PIN pads that have been tampered… READ FULL ARTICLE

Credit card issuing banks are lobbying federal regulators in an attempt to put restrictions on who qualifies for a credit card. Under their proposed changes, for example, if your spouse… READ FULL ARTICLE

Equifax, the major credit reporting agency, has introduced a new product that will help consumers protect their own credit information from fraudulent use while they also monitor their credit profile… READ FULL ARTICLE

A handy new innovation that plugs into the USB port of any computer can help give online shoppers extra peace of mind thanks to additional layers of encryption protection. The… READ FULL ARTICLE

According to PC World's online news site, Netflix fired a call center worker for stealing credit card numbers from customers of the online movie rental service. The alleged theft of… READ FULL ARTICLE

Now there is a great new board game, designed for anyone from teenagers to senior citizens, that teaches financial literacy as you play. Learn about how to set a budget,… READ FULL ARTICLE

Three of the nation's biggest phone carriers are reported to be in the planning stages of a new credit card transaction network involving “near field communication or NFC technology. It… READ FULL ARTICLE

Everyone knows that there are many popular credit card rewards programs available. But a surprising number of program benefits or other lesser known credit card perks are not taken advantage… READ FULL ARTICLE

According to FOX news, the average introductory offer for interest rates rose to more than 14.65% within the past few weeks, and that is the first introductory APR jump since… READ FULL ARTICLE

Four people who ran what British police claim was the largest English language forum for selling stolen credit card numbers are now in prison. The criminals ran an online clearinghouse… READ FULL ARTICLE

MBNA, the largest credit card issuing company in the UK, will start replacing existing credit cards with futuristic contactless ones. The new high-tech plastic will be phased in whenever the… READ FULL ARTICLE

If you were lucky enough to successfully negotiate a debt settlement with your credit card company, you may not be completely out the woods yet. When loan balances are waived… READ FULL ARTICLE

In the movies Matt Damon often portrays the character Jason Bourne who is a fictitious spy with a lock box filled with fake passports, numerous credit cards, and tons of… READ FULL ARTICLE

A Nebraska bank will be giving a pretty amazing cash back bonus to credit card customers, but it is not the kind of cash back rewards situation normally associated with… READ FULL ARTICLE

According to the CNET computer news website, a CNET reporter was informed in an online chat room by a member of a hacker group that another major attack against computer… READ FULL ARTICLE

Sony still struggles in the wake of a gigantic cyber attack that threatened tens of thousands of PlayStation customer credit card accounts. The hackers breached Sony computer security and made… READ FULL ARTICLE

MasterCard saw its first-quarter profits spike by nearly 25%, outpacing the predictions of industry analysts. The company reported a profit of $562 million versus last year's results for the same… READ FULL ARTICLE

Normally if a cardholder thinks that there is a chance that their card or card data has been lost or stolen they will immediately ask the card issuing company to… READ FULL ARTICLE

According to recent data from First Command, a financial planning company, less than 25% of Americans feel financially secure. That's down nearly 40% from just six months ago. Meanwhile more… READ FULL ARTICLE

As reported by media outlets including PC World, credit card bandits in the city of Seattle have been stealing credit card information without even getting out of their luxury car.… READ FULL ARTICLE

Sony believes that around 10 million credit card accounts may have been exposed when its computer network was compromised by a hacker who stole data from some 77 million PlayStation… READ FULL ARTICLE

According to Reuters news agency attendance was robust and participants were upbeat when nearly 800 bankers and consultants met at an upscale hotel in Miami in April. They came together… 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

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