Credit card news archive

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





Latest credit card news


 All credit card news

View all credit card news stories

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)

What to do if your credit card rate goes up -- With the U.S. economy on the upswing, an interest rate hike is expected soon. That could be a shock for credit card holders, who will see higher minimum payments on their bills. But there are a few things you can do to minimize the pain ... (See Rising rates)

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)


 Bad credit, credit repair

View all bad credit, credit repair stories

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)

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)

Pay for delete: A shady credit-report cleanup practice -- If a collection is bringing your credit score down, making a deal with the collection agency could get it taken off. However, this might not be as easy as it sounds ... (See Pay-for-delete)


 Balance transfer, debt consolidation

View all balance transfer, debt consolidation stories

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)

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)

Credit card interest rates stay put at 14.9 percent -- April 15, 2015: Average rates on new card offers didn't budge this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)


 Breaking news

View all breaking news stories

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 3: Will EMV credit cards protect my online purchases? -- New credit cards containing so-called EMV chips offer enhanced security for in-store purchases but not online purchases. In our ongoing series of frequently asked questions about EMV cards, Randy Vanderhoof, head of the Smart Card Alliance, explains why ... (See EMV fraud video)

EMV FAQ 4: Will EMV chip cards work in NFC mobile wallets? -- Banks are issuing credit cards with enhanced security, known as EMV or chip-and-PIN cards. But what happens to that security when you use them in a mobile wallet? We asked Smart Card Alliance chief Randy Vanderhoof ... (See EMV and mobile wallets)


 Business credit cards

View all business credit cards stories

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)

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)

Credit card interest rates stay put at 14.9 percent -- April 15, 2015: Average rates on new card offers didn't budge this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)


 Cash back cards

View all cash back cards stories

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

View all cashing in q&a columns stories

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)

Card shields protect against low risk of RFID theft -- Card shields or sleeves may keep thieves from remotely gathering data from the RFID chip in your credit card. But the odds of such theft are approaching zero, so focus on other concerns ... (See Card shields)


 Credit account management

View all credit account management stories

What to do if your credit card rate goes up -- With the U.S. economy on the upswing, an interest rate hike is expected soon. That could be a shock for credit card holders, who will see higher minimum payments on their bills. But there are a few things you can do to minimize the pain ... (See Rising rates)

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)

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)


 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: 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)

EMV FAQ 3: Will EMV credit cards protect my online purchases? -- New credit cards containing so-called EMV chips offer enhanced security for in-store purchases but not online purchases. In our ongoing series of frequently asked questions about EMV cards, Randy Vanderhoof, head of the Smart Card Alliance, explains why ... (See EMV fraud video)


 Credit scores, credit reports

View all credit scores, credit reports stories

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)

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)

Pay for delete: A shady credit-report cleanup practice -- If a collection is bringing your credit score down, making a deal with the collection agency could get it taken off. However, this might not be as easy as it sounds ... (See Pay-for-delete)


 Credit Wise

View all credit wise stories

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)

Authorized user must close deceased's account and move on -- After her husband dies, a widow who is an authorized user on his account must notify the card company of the death and open her own account ... (See Authorized user)

Near retirement age is the worst time to raid 401(k) -- When in your 50s, with retirement in sight, don't use your 401(k) as a piggy bank for a child's college and to pay off card debt. You need a financial plan more than a quick cash fix ... (See Near retirement)


 Emerging payment systems: Prepaid, debit, gift cards

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

EMV FAQ 4: Will EMV chip cards work in NFC mobile wallets? -- Banks are issuing credit cards with enhanced security, known as EMV or chip-and-PIN cards. But what happens to that security when you use them in a mobile wallet? We asked Smart Card Alliance chief Randy Vanderhoof ... (See EMV and mobile wallets)

EMV FAQ 1: Do I need to swipe my EMV credit card? -- Banks are issuing new credit and debit cards with EMV chips, which enable more secure transactions than magnetic stripes. In the first of our four-part series on frequently asked questions about EMV, we discuss why you may still need to swipe your card ... (See EMV swipe video)

Poll: Right age to get a card? 22 -- Our national survey also finds millennials are conflicted about cards: They think they should have them early, yet one in four doesn't have one ... (See First card poll)


 Expert Q&A

View all expert q&a stories

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)

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)

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)


 Frequent flier programs, airline rewards

View all frequent flier programs, airline rewards stories

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)

Credit card interest rates stay put at 14.9 percent -- April 15, 2015: Average rates on new card offers didn't budge this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Poll: Right age to get a card? 22 -- Our national survey also finds millennials are conflicted about cards: They think they should have them early, yet one in four doesn't have one ... (See First card poll)


 Infographics

View all infographics stories

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)

Banks still rely on branches to start accounts -- While banks long ago embraced online banking transactions, they still rely on branches to originate most types of accounts, research by Celent finds ... (See Online financial products)


 Innovations, features, new products

View all innovations, features, new products stories

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)

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)


 Instant Approval

View all instant approval stories

Credit card interest rates stay put at 14.9 percent -- April 15, 2015: Average rates on new card offers didn't budge this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Card interest rates remain at 14.9 percent for third week -- April 8, 2015: The average APR on new card offers remained at 14.9 percent Wednesday for the third consecutive week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)

Average APR on new card offers holds steady at 14.9 percent -- April 1, 2015: The national average APR on new credit card offers remained unchanged this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)


 Legal, regulatory, privacy issues

View all legal, regulatory, privacy issues stories

What to do if your credit card rate goes up -- With the U.S. economy on the upswing, an interest rate hike is expected soon. That could be a shock for credit card holders, who will see higher minimum payments on their bills. But there are a few things you can do to minimize the pain ... (See Rising rates)

Pay for delete: A shady credit-report cleanup practice -- If a collection is bringing your credit score down, making a deal with the collection agency could get it taken off. However, this might not be as easy as it sounds ... (See Pay-for-delete)

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)


 Low interest, zero percent cards

View all low interest, zero percent cards stories

What to do if your credit card rate goes up -- With the U.S. economy on the upswing, an interest rate hike is expected soon. That could be a shock for credit card holders, who will see higher minimum payments on their bills. But there are a few things you can do to minimize the pain ... (See Rising rates)

Credit card interest rates stay put at 14.9 percent -- April 15, 2015: Average rates on new card offers didn't budge this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Card interest rates remain at 14.9 percent for third week -- April 8, 2015: The average APR on new card offers remained at 14.9 percent Wednesday for the third consecutive week, 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

View all opening credits stories

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)

Canceled cards boost debt utilization ratio -- When you cut several cards from your wallet, you can reduce a big credit score hit by increasing the credit limits on your remaining cards ... (See Credit limits)

When no credit history leads to card rejection -- You need credit history to get a credit card, but issuers won't give you one unless you have credit. What's a college graduate student to do ... (See Credit history)


 Research, statistics

View all research, statistics stories

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)

Credit card interest rates stay put at 14.9 percent -- April 15, 2015: Average rates on new card offers didn't budge this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Poll: Right age to get a card? 22 -- Our national survey also finds millennials are conflicted about cards: They think they should have them early, yet one in four doesn't have one ... (See First card poll)


 Reward programs

View all reward programs stories

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)

Credit card interest rates stay put at 14.9 percent -- April 15, 2015: Average rates on new card offers didn't budge this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

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)


 Shopping

View all shopping stories

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)

EMV FAQ 3: Will EMV credit cards protect my online purchases? -- New credit cards containing so-called EMV chips offer enhanced security for in-store purchases but not online purchases. In our ongoing series of frequently asked questions about EMV cards, Randy Vanderhoof, head of the Smart Card Alliance, explains why ... (See EMV fraud video)


 Speaking of Credit

View all speaking of credit stories

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)

Paying a time-barred debt before mortgage application -- If an old unpaid debt is causing you to doubt whether to apply for a mortgage, see if it's gone beyond the collectible stage ... (See Time-barred debt)

Brother's got a near-perfect credit score? Go piggybacking -- Being added as an authorized user to an account with almost perfect credit will help boost your credit score and history. But is it as easy as it sounds? ... (See Piggybacking)


 Spotlight: People and their plastic

View all spotlight: people and their plastic stories

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

Credit card interest rates stay put at 14.9 percent -- April 15, 2015: Average rates on new card offers didn't budge this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

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)

Card interest rates remain at 14.9 percent for third week -- April 8, 2015: The average APR on new card offers remained at 14.9 percent Wednesday for the third consecutive week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)


 To Her Credit

View all to her credit stories

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)

Cut prescreened offers to reduce theft temptation -- When your mailbox is flooded with card offers, it may be best to opt-out to reduce any risk of a thief trying to apply for credit in your name ... (See Opt-out)

Teen's secret charges discovered by parents -- His parents report more than $2,000 in unapproved card charges, but discover the culprit is their son. Is it too late to call off the investigation? ... (See Teen card fraud)


 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)