Credit card news archive

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





Latest credit card news


 All credit card news

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Retail card account opens at your first purchase -- After you use the card, get the discount and take home the merchandise, it's too late to change your mind -- the card has been activated ... (See Retail card activation)

Video: Protect your privacy while using mobile shopping apps -- If you use shopping apps on your smartphone, you may be sacrificing your privacy in ways you aren't even aware of. Here are four steps you can take to protect yourself ... (See Mobile apps and privacy)

Even for old debt, settling beats other options -- Even if the statute of limitations is almost up for an old debt, you're better off settling than ignoring the debt or declaring bankruptcy ... (See Settling old debt)


 Bad credit, credit repair

View all bad credit, credit repair stories

Even for old debt, settling beats other options -- Even if the statute of limitations is almost up for an old debt, you're better off settling than ignoring the debt or declaring bankruptcy ... (See Settling old debt)

Debt shifting helps your score, but paying it off is better -- Using balance transfers to shift a pile of debt so it's evenly distributed across cards can help a credit score, but paying off the debt helps much more ... (See Debt shifting)

Average APR on new card offers remains at 14.92 percent -- April 29, 2015: Interest rates on new card offers held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rates)


 Balance transfer, debt consolidation

View all balance transfer, debt consolidation stories

Debt shifting helps your score, but paying it off is better -- Using balance transfers to shift a pile of debt so it's evenly distributed across cards can help a credit score, but paying off the debt helps much more ... (See Debt shifting)

Average APR on new card offers remains at 14.92 percent -- April 29, 2015: Interest rates on new card offers held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rates)

12 surefire ways to create money and credit problems -- Want to run perpetually short on funds, rack up massive debts and decimate your credit score? Do these things and you are sure to succeed ... (See Problems)


 Breaking news

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Video: Protect your privacy while using mobile shopping apps -- If you use shopping apps on your smartphone, you may be sacrificing your privacy in ways you aren't even aware of. Here are four steps you can take to protect yourself ... (See Mobile apps and privacy)

With economy slacking, Fed leaves interest rates alone for now -- The economy slowed in the first quarter, giving the Federal Reserve room to hold interest rates at rock-bottom lows ... (See Fed leaves rates alone )

CFPB issues first fine for unauthorized overdraft fees -- The Consumer Financial Protection Bureau fined Regions Bank $7.5 million for failing to get customers' opt-in for overdraft coverage ... (See Overdraft fees)


 Business credit cards

View all business credit cards stories

Average APR on new card offers remains at 14.92 percent -- April 29, 2015: Interest rates on new card offers held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rates)

Average card APR increases to 14.92 percent -- April 22, 2015: Average rate on new card offers increased this week to the highest point this year, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)

Finding the best card for travel upgrades -- For business card seekers looking for hotel and airline upgrades, it pays to figure out where you spend the most, then investigate the networks of points programs ... (See Upgrades)


 Cash back cards

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Survey: More cards bid farewell to foreign transaction fees -- Consumers looking for a card that won't tack extra fees onto purchases when traveling abroad now have more than 60 cards to choose from, according to CreditCards.com's 2015 foreign transaction fee survey ... (See Foreign fee survey)

When to close an annual-fee card -- Closing a credit card can lower your credit score a bit, but if your annual fee is due and a more rewarding card beckons, it's probably worth it ... (See Annual fee)

Gas card survey finds pedestrian rewards -- When it comes to rewards, the most venerable of credit cards -- gas-brand cards -- remain stuck in the slow lane, with high APRs and limited paybacks. They remain useful for credit-building or a quick burst of savings ... (See Gas card survey)


 Cashing In Q&A columns

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Transferring reward points to airlines often yields great value -- For credit card rewards programs that allow you to either buy flights through their portals or transfer points to airlines, the latter is often the faster way to earn free flights ... (See Flights)

Finding the best card for travel upgrades -- For business card seekers looking for hotel and airline upgrades, it pays to figure out where you spend the most, then investigate the networks of points programs ... (See Upgrades)

Valuing frequent flier miles on your tax return -- The IRS treats reward miles like coupons or rebates, not like income or expenses. That means you won't be taxed on miles earned, but you also can't treat an award trip as an expense ... (See Miles and taxes)


 Credit account management

View all credit account management stories

Retail card account opens at your first purchase -- After you use the card, get the discount and take home the merchandise, it's too late to change your mind -- the card has been activated ... (See Retail card activation)

Video: Protect your privacy while using mobile shopping apps -- If you use shopping apps on your smartphone, you may be sacrificing your privacy in ways you aren't even aware of. Here are four steps you can take to protect yourself ... (See Mobile apps and privacy)

Even for old debt, settling beats other options -- Even if the statute of limitations is almost up for an old debt, you're better off settling than ignoring the debt or declaring bankruptcy ... (See Settling old debt)


 Credit Card Help

View all credit card help stories

Gas card survey finds pedestrian rewards -- When it comes to rewards, the most venerable of credit cards -- gas-brand cards -- remain stuck in the slow lane, with high APRs and limited paybacks. They remain useful for credit-building or a quick burst of savings ... (See Gas card survey)

Financing a new laptop? Do the math first -- A 0-percent finance deal to buy a new computer is almost too good to pass up for one consumer. But being new to credit, this might not be the best way to go ... (See Financing)

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)


 Credit card videos

View all credit card videos stories

Video: Protect your privacy while using mobile shopping apps -- If you use shopping apps on your smartphone, you may be sacrificing your privacy in ways you aren't even aware of. Here are four steps you can take to protect yourself ... (See Mobile apps and privacy)

Video: Answers to your most-common EMV questions -- As credit cards with secure chips begin to roll out across the U.S., we address some of the most frequently asked questions about them in a video interview with Smart Card Alliance head Randy Vanderhoof ... (See EMV answers)

EMV FAQ 2: Do I need a PIN for my EMV credit card? -- New credit cards containing secure computer chips are being rolled out in the U.S. These EMV cards are sometimes called chip-and-PIN cards, which is confusing because you probably won't actually use a PIN like they do in other countries ... (See EMV PIN video)


 Credit scores, credit reports

View all credit scores, credit reports stories

Even for old debt, settling beats other options -- Even if the statute of limitations is almost up for an old debt, you're better off settling than ignoring the debt or declaring bankruptcy ... (See Settling old debt)

Debt shifting helps your score, but paying it off is better -- Using balance transfers to shift a pile of debt so it's evenly distributed across cards can help a credit score, but paying off the debt helps much more ... (See Debt shifting)

12 surefire ways to create money and credit problems -- Want to run perpetually short on funds, rack up massive debts and decimate your credit score? Do these things and you are sure to succeed ... (See Problems)


 Credit Wise

View all credit wise stories

Retail card account opens at your first purchase -- After you use the card, get the discount and take home the merchandise, it's too late to change your mind -- the card has been activated ... (See Retail card activation)

For sudden debt at age 75, the strategy's different -- At age 75, with an unexpected $45,000 in post-divorce credit card debt, the strategies become different: Seek counseling, but consider cutting payments to the minimum ... (See Divorce debt)

If you must pay less than the minimum, call and explain -- If it's short-term problem, take the initiative and call. If it's a long-term problem, get credit counseling ... (See Less than minimum)


 Emerging payment systems: Prepaid, debit, gift cards

View all emerging payment systems: prepaid, debit, gift cards stories

Video: Protect your privacy while using mobile shopping apps -- If you use shopping apps on your smartphone, you may be sacrificing your privacy in ways you aren't even aware of. Here are four steps you can take to protect yourself ... (See Mobile apps and privacy)

12 surefire ways to create money and credit problems -- Want to run perpetually short on funds, rack up massive debts and decimate your credit score? Do these things and you are sure to succeed ... (See Problems)

Create, restore credit with a credit-builder loan -- Credit-builder loans are small loans, made by some credit unions and a few banks, designed to help consumers establish or boost a credit profile ... (See Credit tool)


 Expert Q&A

View all expert q&a stories

Retail card account opens at your first purchase -- After you use the card, get the discount and take home the merchandise, it's too late to change your mind -- the card has been activated ... (See Retail card activation)

Even for old debt, settling beats other options -- Even if the statute of limitations is almost up for an old debt, you're better off settling than ignoring the debt or declaring bankruptcy ... (See Settling old debt)

Debt shifting helps your score, but paying it off is better -- Using balance transfers to shift a pile of debt so it's evenly distributed across cards can help a credit score, but paying off the debt helps much more ... (See Debt shifting)


 Frequent flier programs, airline rewards

View all frequent flier programs, airline rewards stories

Average APR on new card offers remains at 14.92 percent -- April 29, 2015: Interest rates on new card offers held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rates)

Transferring reward points to airlines often yields great value -- For credit card rewards programs that allow you to either buy flights through their portals or transfer points to airlines, the latter is often the faster way to earn free flights ... (See Flights)

Average card APR increases to 14.92 percent -- April 22, 2015: Average rate on new card offers increased this week to the highest point this year, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)


 Infographics

View all infographics stories

ABA study: Card delinquency stays low -- Despite an uptick at the end of 2014, delinquencies for credit cards issued by banks remained well below the 15-year average, American Bankers Association research shows ... (See Card delinquency)

Banks become more generous with card credit limits -- Credit card issuers are showing their confidence in consumers and the economy by boosting the number of card offers and the size of their credit limits, says a banking trade group report ... (See Credit limits increase)

Consumers trust their own bank to safeguard personal info -- Americans trust their banks the most and social networking the least to keep their personal information secure, a Gallup poll finds ... (See Information security)


 Innovations, features, new products

View all innovations, features, new products stories

Video: Protect your privacy while using mobile shopping apps -- If you use shopping apps on your smartphone, you may be sacrificing your privacy in ways you aren't even aware of. Here are four steps you can take to protect yourself ... (See Mobile apps and privacy)

'Green' your spending with eco-friendly cards -- A handful of banks offer socially conscious credit cards that donate a percentage of your spending to environmental causes. ... (See Eco-friendly cards)

Alternative lenders offer cheaper loans for more of your data -- If you're looking for a low rate loan, new startups are filling that gap, but require more data than what's on your credit report ... (See Alternative loans)


 Legal, regulatory, privacy issues

View all legal, regulatory, privacy issues stories

Video: Protect your privacy while using mobile shopping apps -- If you use shopping apps on your smartphone, you may be sacrificing your privacy in ways you aren't even aware of. Here are four steps you can take to protect yourself ... (See Mobile apps and privacy)

Even for old debt, settling beats other options -- Even if the statute of limitations is almost up for an old debt, you're better off settling than ignoring the debt or declaring bankruptcy ... (See Settling old debt)

With economy slacking, Fed leaves interest rates alone for now -- The economy slowed in the first quarter, giving the Federal Reserve room to hold interest rates at rock-bottom lows ... (See Fed leaves rates alone )


 Low interest, zero percent cards

View all low interest, zero percent cards stories

Average APR on new card offers remains at 14.92 percent -- April 29, 2015: Interest rates on new card offers held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rates)

With economy slacking, Fed leaves interest rates alone for now -- The economy slowed in the first quarter, giving the Federal Reserve room to hold interest rates at rock-bottom lows ... (See Fed leaves rates alone )

Average card APR increases to 14.92 percent -- April 22, 2015: Average rate on new card offers increased this week to the highest point this year, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)


 Merchant accounts

View all merchant accounts stories

Card acceptance fees too high? Shop for a new merchant processor -- Franchisees paying high credit card acceptance fees may lower them by shopping for a new merchant processor or promoting customers to pay by other means ... (See Merchant fees)

Merchants can usually add credit card fees -- Merchants in most states are allowed to tack on a surcharge or convenience fee when you use a credit card. But some states still ban surcharges and it's not always good business practice ... (See Surcharges, convenience fees)

Disputing an auto repair chargeback is possible but time-consuming -- A warranty, labor costs and 500 miles of distance all complicate a chargeback that a car repair shop says is not legit. But there are ways to dispute the complex complaint ... (See Chargeback)


 Opening Credits

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Saving for laptop trumps financing 'deals' -- With a little motivation and patience, you can save hundreds by saving for that new laptop purchase instead of opting for a financing deal ... (See Saving versus borrowing)

Pay off loan with balance transfer card? -- Using a 0 percent balance transfer card to pay off a high-interest personal loan can be smart if done right ... (See Loan pay off)

How debt management plans affect your credit -- If severely in debt and behind on payments, your credit score is already hurting. Entering into a debt management plan can only help by showing timely payments ... (See DMP)


 Research, statistics

View all research, statistics stories

Average APR on new card offers remains at 14.92 percent -- April 29, 2015: Interest rates on new card offers held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rates)

With economy slacking, Fed leaves interest rates alone for now -- The economy slowed in the first quarter, giving the Federal Reserve room to hold interest rates at rock-bottom lows ... (See Fed leaves rates alone )

Poll: Rewards cards take larger share of market -- Bankers' group says 83 percent of people with cards have at least one rewards card ... (more)


 Reward programs

View all reward programs stories

Retail card account opens at your first purchase -- After you use the card, get the discount and take home the merchandise, it's too late to change your mind -- the card has been activated ... (See Retail card activation)

Average APR on new card offers remains at 14.92 percent -- April 29, 2015: Interest rates on new card offers held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rates)

Transferring reward points to airlines often yields great value -- For credit card rewards programs that allow you to either buy flights through their portals or transfer points to airlines, the latter is often the faster way to earn free flights ... (See Flights)


 Shopping

View all shopping stories

Retail card account opens at your first purchase -- After you use the card, get the discount and take home the merchandise, it's too late to change your mind -- the card has been activated ... (See Retail card activation)

Video: Protect your privacy while using mobile shopping apps -- If you use shopping apps on your smartphone, you may be sacrificing your privacy in ways you aren't even aware of. Here are four steps you can take to protect yourself ... (See Mobile apps and privacy)

Average APR on new card offers remains at 14.92 percent -- April 29, 2015: Interest rates on new card offers held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rates)


 Speaking of Credit

View all speaking of credit stories

Debt shifting helps your score, but paying it off is better -- Using balance transfers to shift a pile of debt so it's evenly distributed across cards can help a credit score, but paying off the debt helps much more ... (See Debt shifting)

Why hard inquiries hurt your credit score -- Hard inquiries can be triggered after you have asked for more credit or by trying to rent an apartment. Once a inquiry hits, your score is knocked down a couple of points, and here is why ... (See Hard inquiry )

Your low-limit secured card strategy: Pay the bill early, often -- When you have a low limit card and want to build your credit score, time your payments so your credit utilization is lowest on the statement date, since that's when your issuer reports to the credit bureaus ... (See Pay early, often)


 Spotlight: People and their plastic

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How 'microresolutions' can transform your finances -- 'Small Move, Big Change' author Caroline Arnold was tired of failing her New Year's resolutions, so she took a bold step to break them down in achievable actions ... (See Microresolutions)

Q&A 'Future Crimes' author Marc Goodman -- Technology is rapidly evolving and so is cybercrime. Marc Goodman, author of "Future Crimes: Everything Is Connected, Everyone Is Vulnerable, and What We Can Do About It," explains ... (See Marc Goodman)

Applying repeatedly for credit after being turned down makes it worse -- If your response to being turned down for credit has been to apply over and over again, stop. You're making it worse. Before you do anything else, find out why ... (See Stop applying)


 Student credit cards, young credit

View all student credit cards, young credit stories

Average APR on new card offers remains at 14.92 percent -- April 29, 2015: Interest rates on new card offers held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rates)

Saving for laptop trumps financing 'deals' -- With a little motivation and patience, you can save hundreds by saving for that new laptop purchase instead of opting for a financing deal ... (See Saving versus borrowing)

Average card APR increases to 14.92 percent -- April 22, 2015: Average rate on new card offers increased this week to the highest point this year, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)


 To Her Credit

View all to her credit stories

Even for old debt, settling beats other options -- Even if the statute of limitations is almost up for an old debt, you're better off settling than ignoring the debt or declaring bankruptcy ... (See Settling old debt)

401(k) accounts protected from collection -- After out-of-work husband runs up $30,000 on his wife's card, his wife wants to know if her 401(k) can be tapped for repayment ... (See Debt collection)

Help! Ex left me with $45,000 in card debt -- A 75-year-old is stuck repaying $45,000 her ex racked up on three cards. ... (See Divorce debt)


 Your Business Credit

View all your business credit stories

Denied: 4 credit cards for 4 businesses -- If you've got multiple businesses and keep getting turned down for business credit cards, consider other financing sources while you build credit for the companies ... (See Business cards)

Card acceptance fees too high? Shop for a new merchant processor -- Franchisees paying high credit card acceptance fees may lower them by shopping for a new merchant processor or promoting customers to pay by other means ... (See Merchant fees)

Merchants can usually add credit card fees -- Merchants in most states are allowed to tack on a surcharge or convenience fee when you use a credit card. But some states still ban surcharges and it's not always good business practice ... (See Surcharges, convenience fees)