Top credit card news

Chargebacks on the rise: Is it time to hire some help?

Some merchants hit by rising chargebacks hire experts to cut fraud

Should your business contract with a chargeback specialist to deal with this growing and costly problem? Here are factors to consider.

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Infographic: The face of senior card debt

Debt of most types is on the rise for America's seniors, and credit card debt is no exception.

Roughly a third of households headed by someone age 60 or older carried some card debt during the years 2004-2013, according to a recent study by the National Council of Aging. But from 1989-2001, the proportion with credit card debt hovered closer to a quarter.

Median card balances also have climbed. In the study's five earliest reporting periods – from 1989-2001 – the median card balance (among seniors with a balance) was well below $2,000. In the four periods since 2004, the median was substantially above $2,000, with a peak nearing $3,000 in 2007.

The National Council on Aging's Older Adults and Debt: Trends, Tradeoffs, and Tools to Help report is based on both a May 2015 survey of 72 aging network professionals representing a cross-section of state and community organizations that serve older adults and data from several national surveys of consumer finances and debt. The report was released Feb. 9, 2016.

Infographic: The face of senior card debt

See related: Infographic: Average card balances by age 2003-2015 and more infographics

'Cashing In'
Q&A with Tony Mecia

How to redeem your card's
cash-back rewards

Cashing In expert Tony Mecia

Cash-back cards do not literally put cash in your pocket. It's often a choice of check, prepaid card or statement credit.
See Expert Q&A

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of balance transfer cards

Balance transfer card reviews

Our reviews of
balance transfer credit cards rated the best cards, based on the length of their interest-free period and the cost of fees for transferring a balance. We also weighed balance transfer card penalty rates, fees and rewards programs.

Credit card glossary terms

A chargeback occurs when a charge is reversed, returning credit to a credit card customer from a merchant. Consumers can sometimes initiate a chargeback when they dispute a purchase made from a merchant.

Credit card statistics

Student credit, debit
and prepaid card statistics

While the Credit CARD Act of 2009 has led to a drop in credit card use on college campuses, many students have turned to debit and prepaid cards. Case in point: College students in 2015 used debit or check cards for 42 percent of their monthly spending purchases.

Credit card calculators

Low interest
or airline card?

Our calculator compares the value of a low interest card and an airline card to help you determine which card is better for you.

'Taking Charge' blog

Jenny Hoffa Online grocery delivery
saves money? Yes!

Jenny Hoff | 7/25/2016

Frivolous expense? Not for this mom. Choosing items online lets me keep costs down. I also I avoid in-store impulse buys and sticker shock at the register. See more poll

When you were hit with a late fee on your credit card most recently, what was the reason?


Getting poll results. Please wait...

See related: 5 ways to avoid (or deal with) late fees, Infographic: Card delinquencies hold near record lows and Confusion high over credit card fees

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Credit card tip of the day

With credit maxed out, raiding your 401(k) may be tempting. Don't do it. There are other options.

Updated: 07-26-2016