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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Mastercard free trial rule: Merchants must get your permission before charging you -- Mastercard will soon implement new rules that require merchants to get cardholders' permission before charging them when free trials end. ... (See Mastercard free trial rule )

Weekly rate report: Average card APR climbs to all-time high of 17.47 percent -- January 16, 2019: The average credit card interest rate soared to another all-time high Wednesday after several card issuers pushed up rates. ... (See Weekly rate report)

Small Business Profile: Prohibition Creamery -- Founder Laura Aiden used a business credit card with a long introductory 0-percent offer to launch Prohibition Creamery, a boozy ice cream and cocktail lounge in Austin, Texas. ... (See Small Business Profile: Prohibition Creamery.)


 Balance transfer debt consolidation

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Weekly rate report: Average card APR climbs to all-time high of 17.47 percent -- January 16, 2019: The average credit card interest rate soared to another all-time high Wednesday after several card issuers pushed up rates. ... (See Weekly rate report)

Capital One balance transfer guide: Card options, restrictions, approval tips -- Considering a balance transfer to a Capital One credit card? Here's everything you need to know, including card options, fees, restrictions and tips for improving your chances of approval. ... (See Transferring balance to a Capital One card)

Weekly rate report: Average card APR remains at record high of 17.41 percent -- January 9, 2019: The average credit card interest rate stayed put Wednesday, remaining at an all-time record high. ... (more)


 Breaking news

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Mastercard free trial rule: Merchants must get your permission before charging you -- Mastercard will soon implement new rules that require merchants to get cardholders' permission before charging them when free trials end. ... (See Mastercard free trial rule )

Weekly rate report: Average card APR climbs to all-time high of 17.47 percent -- January 16, 2019: The average credit card interest rate soared to another all-time high Wednesday after several card issuers pushed up rates. ... (See Weekly rate report)

Government shutdown: How affected families can use credit cards to get by -- Families affected by the government shutdown can use credit cards to lessen the effects of the impasse on their economy. These four tips can help. ... (See Government shutdown: Credit card tips)


 Business credit, business cards

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Weekly rate report: Average card APR climbs to all-time high of 17.47 percent -- January 16, 2019: The average credit card interest rate soared to another all-time high Wednesday after several card issuers pushed up rates. ... (See Weekly rate report)

Small Business Profile: Prohibition Creamery -- Founder Laura Aiden used a business credit card with a long introductory 0-percent offer to launch Prohibition Creamery, a boozy ice cream and cocktail lounge in Austin, Texas. ... (See Small Business Profile: Prohibition Creamery.)

Gift card business tips: How to enter sales, calculate liability, from gift cards -- Calculating a business's costs and potential liability from selling gift cards is complicated, but there are written rules about it. Here's what you need to know. ... (See Gift card sales)


 Business travel

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Citi Prestige card: Is the updated offer worth it? -- Citi Prestige, one of the premium cards in the market, has an updated offer that includes 5x points on air travel and dining. Read on to see if the card is right for you. ... (See Citi Prestige update: Is it worth it?)

Business credit card tips: How to boost savings, rewards in the new year -- Want to review your business's finances in the new year? Your credit card is a good place to start. Take advantage of the January blues to fine-tune your budget, up your rewards game and explore balance transfer opportunities. ... (See Business card tips for the new year)

Best credit cards for cruises -- Looking for the best credit cards for cruises? Look no further. From co-branded cruise line-specific cards to flexible travel rewards cards, these are your best options. ... (See Best credit cards for cruises)


 Cash back cards

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Weekly rate report: Average card APR climbs to all-time high of 17.47 percent -- January 16, 2019: The average credit card interest rate soared to another all-time high Wednesday after several card issuers pushed up rates. ... (See Weekly rate report)

My credit score is 776 … and 815 … and 828?! -- There have been huge changes to the credit scoring landscape in the past 15 years, and the average credit score is now at an all-time high. But I worry it's that way not because Americans are more creditworthy. ... (See Credit scores )

How to manage your finances in 2019: Credit card tips -- Want to improve your finances in 2019? We asked personal finance experts for advice, and this is what they said: "If you only do one thing, do this." Read on to see the tips they offered. ... (See Card tips to improve your finances in 2019)


 Cashing In Q&A columns

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Rewards offers you should avoid: Buying points, redeeming points for gift cards -- Understanding rewards programs is key to maximize the value of your points. For example, buying points and redeeming them for gift cards is usually a no-no – here's why. ... (See Points offers you should ignore)

Citi Prestige card: Is the updated offer worth it? -- Citi Prestige, one of the premium cards in the market, has an updated offer that includes 5x points on air travel and dining. Read on to see if the card is right for you. ... (See Citi Prestige update: Is it worth it?)

Business Platinum Card from American Express: Are the new perks worth it? -- The Business Platinum Card from American Express will offer new perks – including access to WeWork – starting February 2019, but will also charge a higher annual fee. Is it worth it? ... (See Is Amex Business Platinum card worth it?)


 Credit account management

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Mastercard free trial rule: Merchants must get your permission before charging you -- Mastercard will soon implement new rules that require merchants to get cardholders' permission before charging them when free trials end. ... (See Mastercard free trial rule )

Weekly rate report: Average card APR climbs to all-time high of 17.47 percent -- January 16, 2019: The average credit card interest rate soared to another all-time high Wednesday after several card issuers pushed up rates. ... (See Weekly rate report)

Small Business Profile: Prohibition Creamery -- Founder Laura Aiden used a business credit card with a long introductory 0-percent offer to launch Prohibition Creamery, a boozy ice cream and cocktail lounge in Austin, Texas. ... (See Small Business Profile: Prohibition Creamery.)


 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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Weekly rate report: Average card APR climbs to all-time high of 17.47 percent -- January 16, 2019: The average credit card interest rate soared to another all-time high Wednesday after several card issuers pushed up rates. ... (See Weekly rate report)

Small Business Profile: Prohibition Creamery -- Founder Laura Aiden used a business credit card with a long introductory 0-percent offer to launch Prohibition Creamery, a boozy ice cream and cocktail lounge in Austin, Texas. ... (See Small Business Profile: Prohibition Creamery.)

Employer credit checks: Who does them, how they work and what laws apply -- If you're applying for a new job, a credit check could determine your fate, depending on the position and where it's based. Here's how they work and what to expect. ... (See Employer credit check)


 Emerging payment systems: Prepaid, debit, gift cards

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Gift card business tips: How to enter sales, calculate liability, from gift cards -- Calculating a business's costs and potential liability from selling gift cards is complicated, but there are written rules about it. Here's what you need to know. ... (See Gift card sales)

Credit vs. debit: Older millennials prefer debit, unlike other groups under 55 -- A recent survey shows older millennials stand alone among the under-55 crowd in preferring to pay with debit over credit. However, Gen Z is evenly split between the two. ... (See Credit vs. debit )

Take card payments by phone: How to prevent fraud -- If your business takes card payments by phone, there are steps you can take to prevent fraud. Start by knowing, and following, the card networks' merchant guidelines. ... (See Take card payment by phone)


 Expert Q&A

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Rewards offers you should avoid: Buying points, redeeming points for gift cards -- Understanding rewards programs is key to maximize the value of your points. For example, buying points and redeeming them for gift cards is usually a no-no – here's why. ... (See Points offers you should ignore)

Gift card business tips: How to enter sales, calculate liability, from gift cards -- Calculating a business's costs and potential liability from selling gift cards is complicated, but there are written rules about it. Here's what you need to know. ... (See Gift card sales)

My credit score is 776 … and 815 … and 828?! -- There have been huge changes to the credit scoring landscape in the past 15 years, and the average credit score is now at an all-time high. But I worry it's that way not because Americans are more creditworthy. ... (See Credit scores )


 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 Profile: Prohibition Creamery -- Founder Laura Aiden used a business credit card with a long introductory 0-percent offer to launch Prohibition Creamery, a boozy ice cream and cocktail lounge in Austin, Texas. ... (See Small Business Profile: Prohibition Creamery.)

Rocketmiles guide: How to earn airline rewards on hotel stays -- Learn how your hotel stays can earn you points or miles with your favorite airline. ... (See Rocketmiles Guide)

How to manage your finances in 2019: Credit card tips -- Want to improve your finances in 2019? We asked personal finance experts for advice, and this is what they said: "If you only do one thing, do this." Read on to see the tips they offered. ... (See Card tips to improve your finances in 2019)


 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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Travel resolutions: Travel better using rewards credit cards in 2019 -- Is one of your new year’s resolutions to travel far and wide? Follow these tips to upgrade your bucket list, hack elite benefits and make your wildest travel dreams come true in 2019 using your rewards credit cards. ... (See Travel better in 2019 using card rewards)

Maximize rewards points using your card's transfer partners -- Transferring your credit card reward points to an airline or hotel partner can sometimes be your secret weapon to unlock maximum value. ... (See Maximize rewards points using card transfer partners)

Book travel through your card's portal: 5 times it makes sense -- Booking directly through your credit card's travel portal may be your best option when you're looking to redeem points in certain situations. ... (See Booking travel through card's travel portal)


 Infographics

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Credit vs. debit: Older millennials prefer debit, unlike other groups under 55 -- A recent survey shows older millennials stand alone among the under-55 crowd in preferring to pay with debit over credit. However, Gen Z is evenly split between the two. ... (See Credit vs. debit )

Credit card signature requirements getting dropped by retailers -- No-signature retailers may be more common than signature retailers within the next year, according to a new study. ... (See Credit card signature requirements )

Millennial mobile payment users display costly card habits -- Millennial mobile payment users have more assets, higher incomes and higher levels of education than non-users, but they're also more likely to pay only the minimum on their cards and incur late fees, new research shows. ... (See Millennials and mobile payments )


 Innovations, features, new products

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Mastercard free trial rule: Merchants must get your permission before charging you -- Mastercard will soon implement new rules that require merchants to get cardholders' permission before charging them when free trials end. ... (See Mastercard free trial rule )

Credit freeze versus credit lock versus credit monitoring: How to protect yourself -- Credit freezes, which keep lenders and other companies from viewing your credit, are now free. We compared them to other credit protection tools, including locks and monitoring services. Here's how to use them all to protect yourself. ... (See Credit freeze versus locks versus monitoring)

2019 will bring big changes, more control to first-time borrowers -- Beginning this year, young borrowers with thin or non-existent credit histories will be able to proactively influence their FICO scores by granting credit bureaus access to more of their financial information. ... (See Credit scores)


 Legal, regulatory, privacy issues

View all legal, regulatory, privacy issues stories

Mastercard free trial rule: Merchants must get your permission before charging you -- Mastercard will soon implement new rules that require merchants to get cardholders' permission before charging them when free trials end. ... (See Mastercard free trial rule )

Weekly rate report: Average card APR climbs to all-time high of 17.47 percent -- January 16, 2019: The average credit card interest rate soared to another all-time high Wednesday after several card issuers pushed up rates. ... (See Weekly rate report)

Credit freeze versus credit lock versus credit monitoring: How to protect yourself -- Credit freezes, which keep lenders and other companies from viewing your credit, are now free. We compared them to other credit protection tools, including locks and monitoring services. Here's how to use them all to protect yourself. ... (See Credit freeze versus locks versus monitoring)


 Low interest, zero percent cards

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Weekly rate report: Average card APR climbs to all-time high of 17.47 percent -- January 16, 2019: The average credit card interest rate soared to another all-time high Wednesday after several card issuers pushed up rates. ... (See Weekly rate report)

Weekly rate report: Average card APR remains at record high of 17.41 percent -- January 9, 2019: The average credit card interest rate stayed put Wednesday, remaining at an all-time record high. ... (more)

Weekly rate report: Average card APR soars to all-time record high of 17.41 percent -- January 2, 2019: The average credit card interest rate began the New Year at another all-time record high, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)


 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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Rocketmiles guide: How to earn airline rewards on hotel stays -- Learn how your hotel stays can earn you points or miles with your favorite airline. ... (See Rocketmiles Guide)

Guide to the new Citi Rewards+℠ Card -- Check out unique features on Citi's new no-fee card, the Citi Rewards+ Card. ... (See Citi Rewards+ Guide)

How to maximize the Bank of America Cash Rewards card’s 3-percent bonus in 2019 -- Check out our suggestions of which category to choose each month to help maximize your bonus earning potential in 2019. ... (See Cash rewards)


 Rate report

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Weekly rate report: Average card APR climbs to all-time high of 17.47 percent -- January 16, 2019: The average credit card interest rate soared to another all-time high Wednesday after several card issuers pushed up rates. ... (See Weekly rate report)

Weekly rate report: Average card APR remains at record high of 17.41 percent -- January 9, 2019: The average credit card interest rate stayed put Wednesday, remaining at an all-time record high. ... (more)

Weekly rate report: Average card APR soars to all-time record high of 17.41 percent -- January 2, 2019: The average credit card interest rate began the New Year at another all-time record high, according to the CreditCards.com Weekly Credit Card Rate Report. ... (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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Weekly rate report: Average card APR climbs to all-time high of 17.47 percent -- January 16, 2019: The average credit card interest rate soared to another all-time high Wednesday after several card issuers pushed up rates. ... (See Weekly rate report)

Employer credit checks: Who does them, how they work and what laws apply -- If you're applying for a new job, a credit check could determine your fate, depending on the position and where it's based. Here's how they work and what to expect. ... (See Employer credit check)

Joint bank accounts can help couples curb frivolous spending -- A new study suggests pooling your money into a joint account with your significant other can nudge both of you into spending more responsibly. ... (See Joint bank account)


 Reward programs

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Weekly rate report: Average card APR climbs to all-time high of 17.47 percent -- January 16, 2019: The average credit card interest rate soared to another all-time high Wednesday after several card issuers pushed up rates. ... (See Weekly rate report)

Small Business Profile: Prohibition Creamery -- Founder Laura Aiden used a business credit card with a long introductory 0-percent offer to launch Prohibition Creamery, a boozy ice cream and cocktail lounge in Austin, Texas. ... (See Small Business Profile: Prohibition Creamery.)

Rewards offers you should avoid: Buying points, redeeming points for gift cards -- Understanding rewards programs is key to maximize the value of your points. For example, buying points and redeeming them for gift cards is usually a no-no – here's why. ... (See Points offers you should ignore)


 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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Teaching kids about money: Study shows practice is best -- If you’re trying to teach your kids about money, don’t just rely on word-of-mouth alone. A growing body of research suggests parents should do more than just talk with their kids and hope they’ll follow their advice. ... (See Kids' money skills )

Holiday movies: Smart-money lessons for the whole family -- The holidays are prime shopping season, but can also be the perfect time for sharing some valuable money lessons with your family. These holiday classic films can help. ... (See Smart money lessons: Holiday films)

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)


 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

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Gift card business tips: How to enter sales, calculate liability, from gift cards -- Calculating a business's costs and potential liability from selling gift cards is complicated, but there are written rules about it. Here's what you need to know. ... (See Gift card sales)

Using authorized-user card after primary cardholder dies: Dos, don'ts -- If the primary holder of a credit card on which you're an authorized user dies, you can't continue to use the card as it is illegal. If you have, these are your options. ... (See Debt on dead spouse's card)

Take card payments by phone: How to prevent fraud -- If your business takes card payments by phone, there are steps you can take to prevent fraud. Start by knowing, and following, the card networks' merchant guidelines. ... (See Take card payment by phone)