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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How to slay your credit card debt with ‘small wins’ -- Researchers have proposed a financial intervention that can make paying off debt feel less painful and motivate you to pay more over time. It's all about small wins. ... (See Credit card debt)

Credit card theft: Most stolen card numbers come from EMV-enabled plastic -- A new study shows that the majority of stolen card numbers for sale on the dark web are still coming from "card-present" transactions, and almost all of them involve chip cards. ... (See Credit card theft )

If I buy an engagement ring with a new card, will my other credit limits drop? -- Getting a new card for a big purchase is not likely to spook your other card issuers into lowering your limits. However, you could see your credit score drop for a while, and the new debt may leave you vulnerable to financial shocks. ... (See Credit limit decrease )


 Balance transfer debt consolidation

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Weekly rate report: Average card APR remains at record high of 17.14 percent -- November 14, 2018: The average APR for new credit card offers stayed put Wednesday, remaining at an all-time record high for the second consecutive week. ... (See Weekly rate report)

Weekly rate report: Average card APR breaks new record, climbing to 17.14 percent -- November 7, 2018: The average credit card interest rate continued its record-setting streak on Wednesday, climbing to another all-time high. ... (more)

0 percent card offers: A treat, not a trick -- If you have credit card debt, you shouldn't worry about rewards. You should instead focus on paying off your debt, and a balance transfer card with a 0 percent interest offer can help. ... (See Balance transfers )


 Breaking news

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Weekly rate report: Average card APR remains at record high of 17.14 percent -- November 14, 2018: The average APR for new credit card offers stayed put Wednesday, remaining at an all-time record high for the second consecutive week. ... (See Weekly rate report)

Card-not-present fraud: How card brands, merchants are fighting it -- Issuers innovate to thwart cybercriminals, but the shift to mobile puts the onus on merchants to step up against card-not-present fraud. ... (See Fraud)

Fed: Card balances fell by $300 million in September -- Credit card balances decreased in September, according to a federal government report released Tuesday. ... (See Consumer credit report )


 Business credit, business cards

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Earn up to $2,000 bonus cash back with Spark Cash for Business cards -- See what new Spark Cash for Business intro bonuses can get you in rewards in the first year. ... (See Spark Cash Bonus)

Earn up to 200,000 bonus miles with Capital One Spark Miles for Business cards -- See how the new intro bonus on Capital One Spark Miles for Business cards can maximize rewards in the first year. ... (See Spark Miles Bonus)

Weekly rate report: Average card APR remains at record high of 17.14 percent -- November 14, 2018: The average APR for new credit card offers stayed put Wednesday, remaining at an all-time record high for the second consecutive week. ... (See Weekly rate report)


 Business travel

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Earn up to 200,000 bonus miles with Capital One Spark Miles for Business cards -- See how the new intro bonus on Capital One Spark Miles for Business cards can maximize rewards in the first year. ... (See Spark Miles Bonus)

Lost your credit card overseas?: Here are your next steps -- Do you know what to do if your credit card is stolen or lost while traveling abroad? Fret not. These tips will help you reduce the impact of losing your card overseas and obtain a card replacement. ... (See Lost, stolen credit card while traveling abroad)

Luxury hotel collections guide -- Luxury hotel collections associated with certain travel credit cards offer perks like free room upgrades and meals or late checkout. Here's how these hotel collections work and what cards you can use to unlock their benefits. ... (See Luxury hotel collections guide)


 Cash back cards

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Earn up to $2,000 bonus cash back with Spark Cash for Business cards -- See what new Spark Cash for Business intro bonuses can get you in rewards in the first year. ... (See Spark Cash Bonus)

2018 Retail Store Card Survey: Beware 30 percent APRs, ‘special’ financing -- Retail store credit cards' average interest rate is nearly five percentage points higher than general purpose cards, and many store-only cards have APRs near 30 percent, according to our 2018 Retail Store Card survey. ... (See 2018 Retail Store Card Survey)

Weekly rate report: Average card APR remains at record high of 17.14 percent -- November 14, 2018: The average APR for new credit card offers stayed put Wednesday, remaining at an all-time record high for the second consecutive week. ... (See Weekly rate report)


 Cashing In Q&A columns

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Baggage delay: 5 steps to take when an airline loses your luggage -- If your bags are delayed so long that you must replace clothes or toiletries, both airlines and credit card insurance can pay for some of those expenses. Here's how to get reimbursed. ... (See 'Cashing In' With Tony Mecia)

Credit card rewards: How to get started -- If you want to get started with credit card rewards, start by determining whether rewards cards are for you and finding the card that best fits your needs. These tips will help. ... (See Getting started with card rewards)

Excellent credit, low income: Should you apply for a rewards card? -- If your credit is strong, but your income is low, you may be approved for a card with a low credit limit. ... (See Excellent credit, low income)


 Credit account management

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How to slay your credit card debt with ‘small wins’ -- Researchers have proposed a financial intervention that can make paying off debt feel less painful and motivate you to pay more over time. It's all about small wins. ... (See Credit card debt)

If I buy an engagement ring with a new card, will my other credit limits drop? -- Getting a new card for a big purchase is not likely to spook your other card issuers into lowering your limits. However, you could see your credit score drop for a while, and the new debt may leave you vulnerable to financial shocks. ... (See Credit limit decrease )

2018 Retail Store Card Survey: Beware 30 percent APRs, ‘special’ financing -- Retail store credit cards' average interest rate is nearly five percentage points higher than general purpose cards, and many store-only cards have APRs near 30 percent, according to our 2018 Retail Store Card survey. ... (See 2018 Retail Store Card Survey)


 Credit Card Help

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Managing the costs of women's preventative healthcare -- With insurance coverage for women’s healthcare a hit or miss depending on your location, insurance provider and employer, many women are wondering what the potential costs could be if they aren’t covered. ... (See Managing health care costs)

Guide to responsible credit card use in college -- Responsible credit card use in college can help ensure a more secure financial future. ... (See Credit card use in college )

8 myths about settling credit card debt -- Before you decide to try debt settlement, make sure you know the difference between common myths -- and the truth ... (See Debt)


 Credit scores, credit reports

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If I buy an engagement ring with a new card, will my other credit limits drop? -- Getting a new card for a big purchase is not likely to spook your other card issuers into lowering your limits. However, you could see your credit score drop for a while, and the new debt may leave you vulnerable to financial shocks. ... (See Credit limit decrease )

Weekly rate report: Average card APR remains at record high of 17.14 percent -- November 14, 2018: The average APR for new credit card offers stayed put Wednesday, remaining at an all-time record high for the second consecutive week. ... (See Weekly rate report)

Small Business Credit Profile: Torqued -- Tim Trampedach turned his side hustle importing car racing seats into a full-time motorsports business. The company is not backed by venture capital or loans - instead, credit cards are fueling its race toward success. ... (See Small Business Credit Profile with Erica Sandberg)


 Emerging payment systems: Prepaid, debit, gift cards

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Is Black Friday worth it? Credit card tips to amp up savings -- Is Black Friday worth it? That depends on what you want to buy – and your family's holiday shopping habits. Regardless, these tips can help you amp up savings. ... (See Is Black Friday worth it?)

Mastercard aims to cut PVC from payment cards -- Mastercard has formed a partnership to cut down on the use of PVC in payment card production, and to ultimately reduce the carbon footprint of cards. ... (See Mastercard to cut PVC in card production)

Mobile card readers: Are they safe for small businesses? -- Mobile point-of-sale devices equipped with payment technology from companies such as Square and PayPal are convenient for small businesses, but are vulnerable to cybercriminals ... (See Mobile card reader security )


 Expert Q&A

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If I buy an engagement ring with a new card, will my other credit limits drop? -- Getting a new card for a big purchase is not likely to spook your other card issuers into lowering your limits. However, you could see your credit score drop for a while, and the new debt may leave you vulnerable to financial shocks. ... (See Credit limit decrease )

Baggage delay: 5 steps to take when an airline loses your luggage -- If your bags are delayed so long that you must replace clothes or toiletries, both airlines and credit card insurance can pay for some of those expenses. Here's how to get reimbursed. ... (See 'Cashing In' With Tony Mecia)

Square: What products and services does Square support? -- Square supports a wide array of products and services, but not all of them. Before using Square, make sure to read the fine print and understand Square's limitations. ... (See Square)


 Fine Print

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Credit card billing cycles: How long can they be? -- There's not a limit to the number of days a monthly billing period can have, so you may end up having unusually long billing cycles. However, that doesn't mean you'll pay more interest in a year. ... (See Long billing cycles)

Cash advance: Can interest charges continue indefinitely? -- If you don't want to pay interest on a cash advance indefinitely, make sure to pay the cash advance balance on your monthly statement in addition to the minimum payment. ... (See Cash advance interest charges)

Crowdfunding credit card debt: Pros, cons -- You can crowdfund your credit card debt online, but the success rates are low and there are quite a few rules and risks to consider. ... (See Crowdfunding credit card debt)


 Frequent flyer programs, airline rewards

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Small Business Credit Profile: Torqued -- Tim Trampedach turned his side hustle importing car racing seats into a full-time motorsports business. The company is not backed by venture capital or loans - instead, credit cards are fueling its race toward success. ... (See Small Business Credit Profile with Erica Sandberg)

How and when couples should share card rewards -- Sharing assets may be essential in a relationship, but it’s not always easy, especially when it comes to sharing credit card rewards ... (See Couples sharing card rewards)

Capital One to launch travel transfer partners for Venture cardholders in December -- Beginning in December 2018, in addition to redeeming miles for travel, statement credits, gift cards or cash back, Capital One Venture Credit Card members will be able to transfer miles to 12 travel loyalty programs. ... (See Capital One Venture card)


 Get to the Points

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Essential family packing guide for summer travel -- When you have multiple people in your traveling party, a solid packing strategy becomes essential. ... (See Family packing guide)

Active-duty military can get fees waived, special perks from rewards cards -- Some credit card issuers waive annual fees for active-duty military members, so it may be worth considering applying for some high-end travel rewards cards. ... (See Active-duty military credit card perks)

Honor mom with a points-fueled trip of a lifetime -- Instead of flowers and chocolates, consider surprising your mom with a trip she won’t forget using miles and points. ... (See Mom getaway)


 Have Cards, Will Travel

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High-annual-fee credit card: To renew or not to renew -- Premium rewards credit cards with a slew of benefits – and steep annual fees. Do the math to see if the perks you're using offset the cost of renewing the card. ... (See To renew or not to renew)

Credit card rewards: 5 things to do before the year ends -- The last quarter of the year is the time to make sure you're maximizing your rewards cards' annual earning potential. This to-do list will help you take advantage of all the bonuses and perks your cards can offer. ... (See Card rewards to-do list)

Booking flights: When to pay cash, when to redeem miles -- How do you decide when it is worth spending miles on airfare rather than paying cash? Here are three reasons to pay a flight with cash, three to redeem miles instead, and three scenarios where paying with miles and cash is the way to go. ... (See Pay airfare with cash versus miles)


 Infographics

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Credit card theft: Most stolen card numbers come from EMV-enabled plastic -- A new study shows that the majority of stolen card numbers for sale on the dark web are still coming from "card-present" transactions, and almost all of them involve chip cards. ... (See Credit card theft )

Millennials more likely to discuss credit card debt than older adults -- More than three-quarters of Americans say card debt is something they keep under wraps. However, millennials are more chatty about it than older adults. ... (See Millennials most likely to discuss card debt)

Holiday shopping: Many consumers would give up their data for discounts -- A new survey shows the share of U.S. consumers who are reluctant to give up their data to a store for a holiday discount has fallen since last year, despite high-profile data breaches. ... (See Holiday shopping security)


 Innovations, features, new products

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Rewards cards target sharing services, and their millennial fans -- As millennials embrace the sharing economy, card issuers are rolling out new cards or upgrading their rewards programs to offer benefits for using such services ... (See Rewards cards for sharing services )

Square: What products and services does Square support? -- Square supports a wide array of products and services, but not all of them. Before using Square, make sure to read the fine print and understand Square's limitations. ... (See Square)

Card-not-present fraud: How card brands, merchants are fighting it -- Issuers innovate to thwart cybercriminals, but the shift to mobile puts the onus on merchants to step up against card-not-present fraud. ... (See Fraud)


 Legal, regulatory, privacy issues

View all legal, regulatory, privacy issues stories

Credit card theft: Most stolen card numbers come from EMV-enabled plastic -- A new study shows that the majority of stolen card numbers for sale on the dark web are still coming from "card-present" transactions, and almost all of them involve chip cards. ... (See Credit card theft )

Weekly rate report: Average card APR remains at record high of 17.14 percent -- November 14, 2018: The average APR for new credit card offers stayed put Wednesday, remaining at an all-time record high for the second consecutive week. ... (See Weekly rate report)

Card-not-present fraud: How card brands, merchants are fighting it -- Issuers innovate to thwart cybercriminals, but the shift to mobile puts the onus on merchants to step up against card-not-present fraud. ... (See Fraud)


 Low interest, zero percent cards

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Weekly rate report: Average card APR remains at record high of 17.14 percent -- November 14, 2018: The average APR for new credit card offers stayed put Wednesday, remaining at an all-time record high for the second consecutive week. ... (See Weekly rate report)

Weekly rate report: Average card APR breaks new record, climbing to 17.14 percent -- November 7, 2018: The average credit card interest rate continued its record-setting streak on Wednesday, climbing to another all-time high. ... (more)

Home renovation projects increasingly funded by credit cards -- New research shows homeowners looking to make over their backyards or revamp their dated kitchens are turning to credit cards instead of traditional lending options to finance their renovations. ... (See Credit cards for home renovation)


 Matt About Money

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How card rewards can fuel a family dream soccer trip -- My family will see our favorite soccer team in Philadelphia this summer, and this is how our rewards cards are making the trip possible ... (See Dream soccer trip using rewards)

How card rewards rescued my family's vacation -- My family and I were set to travel to Spain over spring break, but a passport snafu nearly forced us to stay home. Here's how miles and points saved our vacation plans. ... (See Last-minute vacation tips)

Why it's wise to keep a card open – and when it's OK to close it -- Keeping a card open is the best way to keep your credit from harm, unless it might lead you to overspend. Here's what to do in that case. ... (See Reasons to keep a card open)


 Opening Credits

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Credit score impact of opening, quickly closing a new card -- Your credit scores should revert to where they were before you applied, minus the points you lost with the initial inquiry. ... (See Closing new card)

Should I be added to new husband’s card or get a new one together? -- Joint credit cards are rare these days. It's more common to add a spouse as a authorized user to a card. ... (See Card for new spouse)

Card way over the limit? Here's a debt payoff plan -- It's rare to go over your credit limit, but when that happens, you need a plan to pay off your debt fast. Get a side gig, sell items, increase your income to erase your card debt to zero. ... (See Over-limit debt payoff plan)


 Podcast

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Charged Up! podcast: Earn more, owe less -- Dubbed "America's Money Answers Man," veteran financial journalist Jordan Goodman talks about tools available to help you pay off your mortgage in 5 years, make lower monthly car payments and earn 8 percent from your savings ... (See Pay down debt)

Charged Up! podcast: How to create your own credit card -- If you're an entrepreneur wondering how to strike a deal with a major bank or a person wanting to give back with your card, the story of Charity Charge can help ... (See Donating rewards)

Charged Up! podcast: How PayPal changed our lives -- Journalist and author Jacques Peretti explains how our spending habits have changed over the last 15 years due to technologies such as PayPal ... (See Podcast)


 Products

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Earn up to $2,000 bonus cash back with Spark Cash for Business cards -- See what new Spark Cash for Business intro bonuses can get you in rewards in the first year. ... (See Spark Cash Bonus)

Earn up to 200,000 bonus miles with Capital One Spark Miles for Business cards -- See how the new intro bonus on Capital One Spark Miles for Business cards can maximize rewards in the first year. ... (See Spark Miles Bonus)

Bank of America Cash Rewards vs. Chase Freedom -- Our comparison of the Bank of America Cash Rewards card and the Chase Freedom help you determine which card has more value for you. ... (See Bank of America Cash Rewards card vs. Chase Freedom card)


 Rate report

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Weekly rate report: Average card APR remains at record high of 17.14 percent -- November 14, 2018: The average APR for new credit card offers stayed put Wednesday, remaining at an all-time record high for the second consecutive week. ... (See Weekly rate report)

Weekly rate report: Average card APR breaks new record, climbing to 17.14 percent -- November 7, 2018: The average credit card interest rate continued its record-setting streak on Wednesday, climbing to another all-time high. ... (more)

Weekly rate report: Average card APR keeps climbing to record 17.11 percent -- October 31, 2018: The average credit card interest rate shattered another record this week. For the first time in at least a decade, the national average APR for new card offers hit 17.11 percent. ... (See Weekly rate report)


 Reaping Your Rewards

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The complete guide to saving money on your commute -- Credit card rewards, employer reimbursement and other commuter tips can help you save money. ... (See Save money on your commute)

Sign-up bonuses: How to score big rewards -- Card issuers have clamped down on card churning, but you can still secure big sign-up bonuses. Your strategy: Compare card offers and know issuer restrictions. ... (See Your sign-up bonus strategy)

Small businesses get creative with card rewards -- Some small-business owners are getting creative with their credit card rewards, redeeming cash back to pay for employee parties or to pay for gear for workers. Rewarding employees is a way businesses can keep workers in a tight labor market. ... (See Small businesses and card rewards)


 Research, statistics

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How to slay your credit card debt with ‘small wins’ -- Researchers have proposed a financial intervention that can make paying off debt feel less painful and motivate you to pay more over time. It's all about small wins. ... (See Credit card debt)

Credit card theft: Most stolen card numbers come from EMV-enabled plastic -- A new study shows that the majority of stolen card numbers for sale on the dark web are still coming from "card-present" transactions, and almost all of them involve chip cards. ... (See Credit card theft )

2018 Retail Store Card Survey: Beware 30 percent APRs, ‘special’ financing -- Retail store credit cards' average interest rate is nearly five percentage points higher than general purpose cards, and many store-only cards have APRs near 30 percent, according to our 2018 Retail Store Card survey. ... (See 2018 Retail Store Card Survey)


 Reward programs

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Earn up to $2,000 bonus cash back with Spark Cash for Business cards -- See what new Spark Cash for Business intro bonuses can get you in rewards in the first year. ... (See Spark Cash Bonus)

Earn up to 200,000 bonus miles with Capital One Spark Miles for Business cards -- See how the new intro bonus on Capital One Spark Miles for Business cards can maximize rewards in the first year. ... (See Spark Miles Bonus)

2018 Retail Store Card Survey: Beware 30 percent APRs, ‘special’ financing -- Retail store credit cards' average interest rate is nearly five percentage points higher than general purpose cards, and many store-only cards have APRs near 30 percent, according to our 2018 Retail Store Card survey. ... (See 2018 Retail Store Card Survey)


 Speaking of Credit

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Should I pay off or close my credit card to get a better mortgage? -- Paying off a card can raise your credit score and help you better qualify for a home loan, but closing a card can hurt you ... (more)

Credit scoring effect of opening vs. closing credit cards -- Opening and closing a credit card can both have negative effects on your score – albeit short-lived. The good news is, you don't need to close a card in order to open a new one. ... (See Scoring effect of opening, closing cards)

How do I remove old negative items from my credit reports? -- If negative items appeared on your credit report as a result of ID theft a few years ago, you can still remove them from your reports. Here's how. ... (See Old negative items on credit reports)


 Student credit cards, young credit

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Credit card rewards: How to share them with authorized users -- Earning rewards as an authorized user doesn't mean you're automatically entitled to use them – but you could negotiate a plan with the primary cardholder. ... (See Negotiating card rewards as an authorized user)

Young adults shouldn't wait too long to get started with credit -- Waiting until you're 25 to apply for your first card can slow down the path to adulthood, such as qualifying for a car loan or apartment lease. ... (See Getting started with credit)

Guide to responsible credit card use in college -- Responsible credit card use in college can help ensure a more secure financial future. ... (See Credit card use in college )


 To Her Credit

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Is getting a HELOC wise for debt repayment? -- Without the ability to deduct the interest if used for debt repayment, HELOCs lose luster as get-out-of-debt plan. ... (See HELOC debt repayment)

How to stop collection activity on fraudulent charges -- Canceling a card for fraudulent recurring charges won't necessarily stop the debt from being sent to collections if left unpaid. ... (See Recurring charges in collection)

Steps to fight fraud, repair credit damage caused by ex-spouse -- Sharing finances is common during marriage, but can backfire horribly when a marriage falls apart. Take steps to protect your credit and financial standing. ... (See Fraud charges)


 Videos

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How to cut credit card interest costs -- Paying just a little more than your credit card's monthly minimum payment makes a big difference ... (more)

Video: Maximizing points with off-peak travel -- Peak season varies depending on where you want to travel. Make your points go further by booking travel during low season ... (See Travel with points)

Video: Giving back with your card -- Some credit cards let you donate your rewards to the charity of your choice, with no work on your part. ... (See Donating rewards)


 Your Business Credit

View all your business credit stories

Square: What products and services does Square support? -- Square supports a wide array of products and services, but not all of them. Before using Square, make sure to read the fine print and understand Square's limitations. ... (See Square)

Why not accepting credit cards makes no business sense -- If you think your business is saving money by not accepting credit cards, think again. Paying credit card processing fees is less expensive than spending time chasing delinquent customers who only use old-fashioned payment forms, like checks. ... (See Not accepting credit cards)

Same customer, multiple unsigned cards, different names: What to do -- If you have a recurring customer who pays with multiple unsigned cards under different names, there are ways to protect yourself from possible fraud. Here's how to proceed. ... (See Multiple unsigned cards, different names)