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Credit card news stories and articles archive at CreditCards.com.

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If loan to friend or family goes bad, you may take a tax deduction -- When friends or family borrow from you and then default, the IRS allows a bad debt tax deduction -- if you documented the loan and file the right forms ... (See Bad debt deduction)

Parent's nursing home costs take priority over card debt -- Before moving into a nursing home, her dad paid his card debt out of Social Security income. Now that income goes to the nursing home ... (See Prioritizing debt)

5 credit don'ts for homebuyers applying for mortgages -- When you're about to apply for a mortgage, tread lightly on making changes to your credit. Steps you think should be helpful could derail your loan ... (See Mortgage credit don'ts)


Bad credit, credit repair Bad credit, credit repair
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Lessons from cities with the best and worst credit scores -- One city is known for college grads, the other for cotton and the Blues. Measured by credit score, Mankato, Minnesota, and Greenwood, Mississippi, are as far apart financially as they are culturally ... (See Best, worst scores)

5 credit don'ts for homebuyers applying for mortgages -- When you're about to apply for a mortgage, tread lightly on making changes to your credit. Steps you think should be helpful could derail your loan ... (See Mortgage credit don'ts)

Credit card interest rates fall to 14.98 percent -- Nov. 19, 2014: Average rates on new card offers fell below 15 percent Wednesday for the first time in more than a year, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)


Balance transfer, debt consolidation Balance transfer, debt consolidation
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Parent's nursing home costs take priority over card debt -- Before moving into a nursing home, her dad paid his card debt out of Social Security income. Now that income goes to the nursing home ... (See Prioritizing debt)

Credit card interest rates fall to 14.98 percent -- Nov. 19, 2014: Average rates on new card offers fell below 15 percent Wednesday for the first time in more than a year, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Ex didn't pay up, so your student loan defaulted? Go after him -- The court said he had to pay half of his ex-wife's student loan, but he shirked, and she isn't making enough, so now the loan's in default ... (See Default)


Breaking news Breaking news
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Lessons from cities with the best and worst credit scores -- One city is known for college grads, the other for cotton and the Blues. Measured by credit score, Mankato, Minnesota, and Greenwood, Mississippi, are as far apart financially as they are culturally ... (See Best, worst scores)

Online fraud may surge after EMV chip card rollout -- U.S. issuers are replacing traditional magnetic stripe credit cards with cards containing counterfeit-resistant EMV chips. But fraudsters are expected to adapt, turning to online and other forms of fraud ... (See EMV)

Study: Online accounts often go unchecked for fraud -- Americans regularly check their bank account and credit card statements for suspicious activity, but less than a third check various online accounts at least once a month, a study by credit bureau Experian finds ... (more)


Business credit cards Business credit cards
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Credit card interest rates fall to 14.98 percent -- Nov. 19, 2014: Average rates on new card offers fell below 15 percent Wednesday for the first time in more than a year, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

A business may spurn debit cards, but why? -- Small businesses running subscription-type services may find debit and prepaid cards a hassle. But think carefully before refusing to accept them ... (See Refuse debit)

Credit card interest rates slide to 15 percent -- Nov. 12, 2014: Average rates on new card offers declined this week for the first time in nearly two months, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report Nov. 12, 2014)


Cash back cards Cash back cards
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Some cards generous for travel, give less in cash back rewards -- If a travel card turns out to offer different rewards or fewer points than you expected, consider canceling it before the annual fee comes due ... (See Travel rewards)

2014 CreditCards.com Penalty Rate Survey -- Those who fall 60 days behind in credit card payments face an average penalty interest rate of 28.45 percent, according to CreditCards.com's survey of 100 major U.S. credit cards ... (See Penalty rates survey)

Know your rights under the Truth in Lending Act -- This federal law provides bedrock consumer protection by requiring lenders to disclose credit terms in a standardized way, and sets the rules for fees and billing ... (See TILA)


Cashing In Cashing In
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Some cards generous for travel, give less in cash back rewards -- If a travel card turns out to offer different rewards or fewer points than you expected, consider canceling it before the annual fee comes due ... (See Travel rewards)

A cash-advance PIN on an EMV card doesn't make it 'chip-and-PIN' -- Today's cards may have two types of PINs: one to complete a purchase at an EMV chip-and-PIN terminal, the other that allows you to get cash advances at ATMs ... (See PINs)

When canceling a rewards card, purge clutter, but not points -- By all means, cancel a rewards card that is no longer right for you, but don't be hasty. Try to hang onto the points, and see if the issuer will offer to sweeten your deal ... (See Canceling rewards)


Credit account management Credit account management
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If loan to friend or family goes bad, you may take a tax deduction -- When friends or family borrow from you and then default, the IRS allows a bad debt tax deduction -- if you documented the loan and file the right forms ... (See Bad debt deduction)

Parent's nursing home costs take priority over card debt -- Before moving into a nursing home, her dad paid his card debt out of Social Security income. Now that income goes to the nursing home ... (See Prioritizing debt)

Lessons from cities with the best and worst credit scores -- One city is known for college grads, the other for cotton and the Blues. Measured by credit score, Mankato, Minnesota, and Greenwood, Mississippi, are as far apart financially as they are culturally ... (See Best, worst scores)


Credit Card Help Credit Card Help
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Trip canceled? Your credit card may reimburse you -- How much of your trip's travel insurance is already covered by your credit card? Some cards offer reimbursements on failed travel plans ... (See Trip cancellation)

The Unverzagt family's triumph over their credit card debit -- Selected as Clients Of The Year by the National Foundation of Credit Counseling, the 13-person Unverzagt family paid off their credit card debt in five years ... (See Debt-free)

How closing cards and student loans affects FICO scores -- Keeping cards active and paying loans on time is best way to maintain a strong credit score ... (See Credit scores)


Credit card videos Credit card videos
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How to build an emergency savings account -- If you are contemplating using credit cards for emergencies, here are a few ideas for building an emergency cash fund instead of increasing your debt load ... (See Emergency fund)

Anatomy of a credit card account number -- Those numbers on the front of your credit card? They aren't just random. They give away specific information about your card and where it comes from ... (See Account number )

Video: the road to wage garnishment -- Garnishment is complex -- the rules vary by state, your employment status and your income. But it all starts with a failure to pay bills on time ... (See Wage garnishment)


Credit Score Report Credit Score Report
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Old-school phone scammers make comeback with modern twist -- Old-school telephone fraud is making a comeback as fraudsters are again more likely to contact you by phone than through websites or email ... (See Telephone scams)

How closing cards and student loans affects FICO scores -- Keeping cards active and paying loans on time is best way to maintain a strong credit score ... (See Credit scores)

Don't expect big score boost when unpaid debt falls off credit report -- Is an old debt, charged off seven years ago, finally falling off your credit report? Sorry, but there's not likely to be a big rise in your score. It could even fall ... (See Old debts)


Credit scores, credit reports Credit scores, credit reports
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Lessons from cities with the best and worst credit scores -- One city is known for college grads, the other for cotton and the Blues. Measured by credit score, Mankato, Minnesota, and Greenwood, Mississippi, are as far apart financially as they are culturally ... (See Best, worst scores)

5 credit don'ts for homebuyers applying for mortgages -- When you're about to apply for a mortgage, tread lightly on making changes to your credit. Steps you think should be helpful could derail your loan ... (See Mortgage credit don'ts)

Credit card interest rates fall to 14.98 percent -- Nov. 19, 2014: Average rates on new card offers fell below 15 percent Wednesday for the first time in more than a year, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)


Emerging payment systems: Prepaid, debit, gift cards Emerging payment systems: Prepaid, debit, gift cards
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'Hand to Mouth' author Linda Tirado: Broke means bad money decisions -- Former IHOP night cook-turned-author Linda Tirado explains in very frank terms why being poor often leads to making shortsighted financial decisions ... (See Hand-to-mouth)

New rules aim to tame prepaid cards -- The fee-laden cards, gaining in popularity, would have to disclose more about those fees under rules unveiled by the Consumer Financial Protection Bureau ... (See Prepaid rules)

A cash-advance PIN on an EMV card doesn't make it 'chip-and-PIN' -- Today's cards may have two types of PINs: one to complete a purchase at an EMV chip-and-PIN terminal, the other that allows you to get cash advances at ATMs ... (See PINs)


Expert Q&A Expert Q&A
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Parent's nursing home costs take priority over card debt -- Before moving into a nursing home, her dad paid his card debt out of Social Security income. Now that income goes to the nursing home ... (See Prioritizing debt)

5 credit don'ts for homebuyers applying for mortgages -- When you're about to apply for a mortgage, tread lightly on making changes to your credit. Steps you think should be helpful could derail your loan ... (See Mortgage credit don'ts)

Ex didn't pay up, so your student loan defaulted? Go after him -- The court said he had to pay half of his ex-wife's student loan, but he shirked, and she isn't making enough, so now the loan's in default ... (See Default)


Frequent flier programs, airline rewards Frequent flier programs, airline rewards
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Credit card interest rates fall to 14.98 percent -- Nov. 19, 2014: Average rates on new card offers fell below 15 percent Wednesday for the first time in more than a year, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Some cards generous for travel, give less in cash back rewards -- If a travel card turns out to offer different rewards or fewer points than you expected, consider canceling it before the annual fee comes due ... (See Travel rewards)

Credit card interest rates slide to 15 percent -- Nov. 12, 2014: Average rates on new card offers declined this week for the first time in nearly two months, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report Nov. 12, 2014)


Infographics Infographics
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Study: Online accounts often go unchecked for fraud -- Americans regularly check their bank account and credit card statements for suspicious activity, but less than a third check various online accounts at least once a month, a study by credit bureau Experian finds ... (more)

Use of reloadable cards surging among millennials -- Ownership of of general-purpose, reloadable cards climbed 11 percent from 2011 to 2013 among younger adults, a study by the Federal Reserve Bank of Philadelphia finds ... (See Millennials and prepaid cards)

Study: More young consumers with good credit have cards -- A widening divide is developing among young consumers, as those with good credit are increasingly taking on credit cards, while those with bad credit are taking on less, according to a TransUnion study ... (See Young consumers)


Innovations, features, new products Innovations, features, new products
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Online fraud may surge after EMV chip card rollout -- U.S. issuers are replacing traditional magnetic stripe credit cards with cards containing counterfeit-resistant EMV chips. But fraudsters are expected to adapt, turning to online and other forms of fraud ... (See EMV)

'Spam Nation' author Brian Krebs sheds light on card data black market -- An insider on the digital black market, Brian Krebs uncovers major credit card breaches before the big retailers know what hit them. He takes readers along in his book "Spam Nation" ... (See Spam Nation)

Retailer beacons track your phone as you shop, raising privacy issues -- Retailers increasingly are using electronic beacons that track consumers' smartphones to analyze shopping behavior, improve service and offer customized deals. But the technology also raises privacy concerns ... (See Beacons)


Instant Approval Instant Approval
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Credit card interest rates fall to 14.98 percent -- Nov. 19, 2014: Average rates on new card offers fell below 15 percent Wednesday for the first time in more than a year, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Credit card interest rates slide to 15 percent -- Nov. 12, 2014: Average rates on new card offers declined this week for the first time in nearly two months, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report Nov. 12, 2014)

Credit card interest rates remain at 15.09 percent -- Nov. 5, 2014: Average rates on new card offers held steady Wednesday at 15.09 percent, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)


Legal, regulatory, privacy issues Legal, regulatory, privacy issues
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If loan to friend or family goes bad, you may take a tax deduction -- When friends or family borrow from you and then default, the IRS allows a bad debt tax deduction -- if you documented the loan and file the right forms ... (See Bad debt deduction)

Online fraud may surge after EMV chip card rollout -- U.S. issuers are replacing traditional magnetic stripe credit cards with cards containing counterfeit-resistant EMV chips. But fraudsters are expected to adapt, turning to online and other forms of fraud ... (See EMV)

Ex didn't pay up, so your student loan defaulted? Go after him -- The court said he had to pay half of his ex-wife's student loan, but he shirked, and she isn't making enough, so now the loan's in default ... (See Default)


Lets Talk Credit Lets Talk Credit
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How minimum payments are applied to small balances -- Don't slip up and forget a credit card payment when the balance is almost paid off. A late fee could be larger than your minimum payment ... (See Minimum)

0-percent balance transfer after debt in collections? Good luck -- Balance transfer offers aren't lifelines offered to people with bad credit, they're a deal for those who maintain good credit ... (See Balance transfer )

Tick-tock debt: Law gives 30 days to respond to collector -- When a debt collector makes first contact, federal law gives you the right to seek verification of the debt and to dispute it -- if you act quickly ... (See 30 day debt clock)


Low interest, zero percent cards Low interest, zero percent cards
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Credit card interest rates fall to 14.98 percent -- Nov. 19, 2014: Average rates on new card offers fell below 15 percent Wednesday for the first time in more than a year, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Credit card interest rates slide to 15 percent -- Nov. 12, 2014: Average rates on new card offers declined this week for the first time in nearly two months, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report Nov. 12, 2014)

Have a balance transfer financial strategy -- Yes, comparison shop for low rates and fees, but more importantly, know how a transfer will fit into your financial big picture ... (See Balance transfer strategy)


Maturing Loans Maturing Loans
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If loan to friend or family goes bad, you may take a tax deduction -- When friends or family borrow from you and then default, the IRS allows a bad debt tax deduction -- if you documented the loan and file the right forms ... (See Bad debt deduction)

SBA disaster loans -- not just for business -- When disaster strikes, SBA loans may help -- even if you're a consumer. But it helps to know what to expect ... (See Disaster loans)

Help! Our supplier is trying to change our payment terms -- If a supplier is tightening credit, find out why and check your contract carefully. You may be able to fight the change or at least ask for the original terms as a courtesy ... (See Supplier credit)


Merchant accounts Merchant accounts
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A business may spurn debit cards, but why? -- Small businesses running subscription-type services may find debit and prepaid cards a hassle. But think carefully before refusing to accept them ... (See Refuse debit)

How startups can quickly begin accepting credit cards -- An entrepreneur wants to temporarily share a card processing machine with an established business while he gets his company up and running. Bad idea. But there are other ways to quickly begin accepting credit cards from customers ... (See Quick acceptance)

Small businesses slow in converting to EMV card readers -- With a year to go before retailers hit a major deadline for upgrading their credit card machines, experts warn that many are unlikely to complete the switch in time. As a result, they may find themselves suddenly liable for card-related fraud ... (See EMV)


New Frugal You New Frugal You
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Closing joint bank accounts after a breakup -- On joint credit card accounts, problems arise when you carry a balance. Legally, that debt belongs to both of you, even after a breakup ... (See Close joint accounts)

Pros and cons of charging automatic payments to a credit card -- Charging automatic payments on a credit card can be beneficial for busy consumers, but it also has its faults. Here are the pros and cons to think about ... (See Automatic payments)

Personal loan consolidation won't help win a mortgage -- In trying to qualify for a mortgage, it probably won't help to consolidate several small personal loans into a big one with a higher rate ... (See Consolidate)


Opening Credits Opening Credits
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Ex didn't pay up, so your student loan defaulted? Go after him -- The court said he had to pay half of his ex-wife's student loan, but he shirked, and she isn't making enough, so now the loan's in default ... (See Default)

Shared card leads to collection mess after a bankruptcy -- When Dad declared bankruptcy, the debt collectors shifted their attention to his daughter to collect a $3,600 balance on the credit card they shared ... (See Shared card)

Employed grad with no debt gets rejected for new card -- With no debt, a job and regular payments on a low-limit card, a recent grad wonders what she has to do in order to get approved for a new card ... (See New credit)


Research, statistics Research, statistics
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Lessons from cities with the best and worst credit scores -- One city is known for college grads, the other for cotton and the Blues. Measured by credit score, Mankato, Minnesota, and Greenwood, Mississippi, are as far apart financially as they are culturally ... (See Best, worst scores)

Credit card interest rates fall to 14.98 percent -- Nov. 19, 2014: Average rates on new card offers fell below 15 percent Wednesday for the first time in more than a year, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Online fraud may surge after EMV chip card rollout -- U.S. issuers are replacing traditional magnetic stripe credit cards with cards containing counterfeit-resistant EMV chips. But fraudsters are expected to adapt, turning to online and other forms of fraud ... (See EMV)


Reward programs Reward programs
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Credit card interest rates fall to 14.98 percent -- Nov. 19, 2014: Average rates on new card offers fell below 15 percent Wednesday for the first time in more than a year, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Some cards generous for travel, give less in cash back rewards -- If a travel card turns out to offer different rewards or fewer points than you expected, consider canceling it before the annual fee comes due ... (See Travel rewards)

Credit card interest rates slide to 15 percent -- Nov. 12, 2014: Average rates on new card offers declined this week for the first time in nearly two months, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report Nov. 12, 2014)


Shopping Shopping
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Online fraud may surge after EMV chip card rollout -- U.S. issuers are replacing traditional magnetic stripe credit cards with cards containing counterfeit-resistant EMV chips. But fraudsters are expected to adapt, turning to online and other forms of fraud ... (See EMV)

How trauma leads to destructive financial choices -- Child abuse. Warfare. Assault. If you have endured a life-threatening event, you may be more likely to make poor money decisions. ... (See Trauma)

New rules aim to tame prepaid cards -- The fee-laden cards, gaining in popularity, would have to disclose more about those fees under rules unveiled by the Consumer Financial Protection Bureau ... (See Prepaid rules)


Speaking of Credit Speaking of Credit
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5 credit don'ts for homebuyers applying for mortgages -- When you're about to apply for a mortgage, tread lightly on making changes to your credit. Steps you think should be helpful could derail your loan ... (See Mortgage credit don'ts)

5 steps to dispute debt caused by ID theft, stop abusive collection -- Take these steps to uncover all the damage left by an ID thief, contest the fraudulent debts and end a debt collector's scare tactics ... (See Disputing fraud)

Steps to rebuild credit after bankruptcy -- After declaring bankruptcy obtaining secured credit sources and becoming an authorized user can help bring life back to your line of credit ... (See Bankruptcy)


Spotlight: People and their plastic Spotlight: People and their plastic
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'Spam Nation' author Brian Krebs sheds light on card data black market -- An insider on the digital black market, Brian Krebs uncovers major credit card breaches before the big retailers know what hit them. He takes readers along in his book "Spam Nation" ... (See Spam Nation)

Q&A: 'Bad Paper' author Jake Halpern roams debt collection's Wild West -- Author Jake Halpern goes undercover as a debt collector and uncovers a world of rich characters, conflicts and unsavory behavior ... (See "Bad Paper")

Q&A: Kara McGuire cuts through financial clutter in 'Teen Money Manual' -- McGuire's new book, "The Teen Money Manual," covers earning, saving, spending and protecting money in teen-approved prose ... (See Teen Money Manual)


Student credit cards, young credit Student credit cards, young credit
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Credit card interest rates fall to 14.98 percent -- Nov. 19, 2014: Average rates on new card offers fell below 15 percent Wednesday for the first time in more than a year, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Ex didn't pay up, so your student loan defaulted? Go after him -- The court said he had to pay half of his ex-wife's student loan, but he shirked, and she isn't making enough, so now the loan's in default ... (See Default)

Credit card interest rates slide to 15 percent -- Nov. 12, 2014: Average rates on new card offers declined this week for the first time in nearly two months, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report Nov. 12, 2014)


The Credit Guy The Credit Guy
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Kim McGrigg: Are 'free miles' really free? -- Frequent flier rewards cards usually carry annual fees, so that free flight isn't truly free, but if you handle your card right it can be pretty close ... (See Frequent flier)

Todd Ossenfort: The Credit Guy's top 5 money tips -- After writing his column for the past three years, columnist Todd Ossenfort leaves his readers with these top five financial lessons ... (See Top 5 money lessons)

Todd Ossenfort: Can collectors come after your inheritance? -- Public records are perused by debt collectors. If they find out you've inherited a chunk of cash, don't be surprised if they come out of the woodwork ... (See Debt collection)


To Her Credit To Her Credit
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Parent's nursing home costs take priority over card debt -- Before moving into a nursing home, her dad paid his card debt out of Social Security income. Now that income goes to the nursing home ... (See Prioritizing debt)

Adding yourself to spouse's card is fraud -- Taking the liberty of adding yourself to your spouse's card as an authorized user is considered fraud, and you could be charged with identity theft ... (See Fraud)

Have a balance transfer financial strategy -- Yes, comparison shop for low rates and fees, but more importantly, know how a transfer will fit into your financial big picture ... (See Balance transfer strategy)


Your Business Credit Your Business Credit
View all your business credit stories

A business may spurn debit cards, but why? -- Small businesses running subscription-type services may find debit and prepaid cards a hassle. But think carefully before refusing to accept them ... (See Refuse debit)

How startups can quickly begin accepting credit cards -- An entrepreneur wants to temporarily share a card processing machine with an established business while he gets his company up and running. Bad idea. But there are other ways to quickly begin accepting credit cards from customers ... (See Quick acceptance)

Can I open one rewards card for multiple businesses? -- There's nothing stopping you from using a single card for multiple companies you own, but it's generally not good business practice. There may be better ways to rack up rewards ... (See Rewards)


Uncategorized Uncategorized
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Tips for choosing a rewards credit card -- A rewards card can be a great choice for the right kind of cardholder. After all, who doesn't love a gift? You can earn ... (more)

0 percent credit cards: a sweet deal if played right -- A credit card with an introductory 0 percent APR is one of the best deals in personal finance. It's also one of the most ... (more)

Tips for choosing a business card -- One of the primary benefits of a business card is to separate your personal finances from your business account. This helps limit your personal risk ... (more)