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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Merchant category codes: Frequently asked questions -- Ready to learn how MCC codes can help you to maximize your rewards and savings? Here’s what you need to know. ... (See Merchant Category Codes)

Guide: How quitting smoking can improve your finances -- Quitting smoking can improve your financial health. If you stop spending $10 a pack on cigarettes, you can put that money in savings, toward college costs or even pay for a car or a home. Plus, you'll spend less on health care and insurance costs. ... (See Financial costs of smoking)

9 credit card tips for scoring better back-to-school deals -- From waiting on that new laptop to taking advantage of complimentary free shipping, use these strategies, and your credit cards, to score savings on back-to-school expenses. ... (See Better back-to-school deals)


 Balance transfer debt consolidation

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Small Business Credit Profile: The Cookie Cups -- How The Cookie Cups' Nicole Pomije funded her bakery startup with savings and strategic use of multiple credit cards. ... (See The Cookie Cups)

Weekly rate report: Average card rate jumps to 16.93 percent -- July 11, 2018: The average credit card interest rate inched higher this week after several cards adjusted APRs. ... (See Weekly rate report)

Don't become addicted to balance transfer offers -- Balance transfer cards' 0 percent interest is alluring, but the limited time to pay off one's debt is dangerous. For some, these cards can be addicting, shifting balances from one card to another to buy more time. ... (See Balance transfer cards)


 Breaking news

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Rewards, credit availability could take a hit as credit card banks' profits fall -- Profits at U.S. credit card banks fell due to higher delinquencies and lower net noninterest income in 2017, according to a Federal Reserve report. ... (See Fed report on credit card banks' profits)

Weekly rate report: Average card rate jumps to 16.93 percent -- July 11, 2018: The average credit card interest rate inched higher this week after several cards adjusted APRs. ... (See Weekly rate report)

Americans' fears of missing a debt payment rise -- Americans' fears of missing a minimum debt payment rose in June for the third month in a row, according to the New York Fed’s Survey of Consumer Expectations. ... (See Fears of missing a payment)


 Business credit, business cards

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I want to improve my business, should I charge a course? -- A business owner seeking to take a content marketing class to better target customers should first test ways to increase sales before shelling out $2,000 for the course. ... (See Course to improve business)

Weekly rate report: Average card rate jumps to 16.93 percent -- July 11, 2018: The average credit card interest rate inched higher this week after several cards adjusted APRs. ... (See Weekly rate report)

Time to upgrade your business credit card? Here's how to decide -- You might be missing out on better rewards, higher credit limit and lower APR by pledging loyalty to your old business credit card. Here's how to decide if it's time for an upgrade. ... (See Time to upgrade your business credit card?)


 Business travel

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Time to upgrade your business credit card? Here's how to decide -- You might be missing out on better rewards, higher credit limit and lower APR by pledging loyalty to your old business credit card. Here's how to decide if it's time for an upgrade. ... (See Time to upgrade your business credit card?)

Best United Airlines credit cards -- Whether you're a frequent or occasional flyer, these are the United Airlines credit card options you should consider ... (See United Airlines credit cards)

Chase Ultimate Rewards: How to redeem for travel -- You can either book directly through the Chase travel portal or transfer your points to a partner airline or hotel program and book your travel there. Each option has pluses and minuses. ... (See Chase Ultimate Rewards points)


 Cash back cards

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Merchant category codes: Frequently asked questions -- Ready to learn how MCC codes can help you to maximize your rewards and savings? Here’s what you need to know. ... (See Merchant Category Codes)

9 credit card tips for scoring better back-to-school deals -- From waiting on that new laptop to taking advantage of complimentary free shipping, use these strategies, and your credit cards, to score savings on back-to-school expenses. ... (See Better back-to-school deals)

Metal credit cards aren't just for the wealthy now -- Metal credit cards aren't just for the wealthy now. Once reserved only for affluent, a few no-annual-fee cards now have that "plunk" factor. ... (See Metal credit cards)


 Cashing In Q&A columns

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Is a Disney credit card worth getting before theme park visit? -- Should you get a Disney credit card ahead of a trip to the land of Mickey, Minnie and their pals? Unless your family is a huge fan of Disney, there are more rewarding credit cards to pack for your vacation. ... (See Disney credit cards)

Can I earn bonus rewards playing golf? -- There is no go-to credit card for golfers, but some cards offer golf-themed perks, such as playing a free round of golf at select hotels and redeeming rewards for tickets to sold-out golf tourneys. ... (See Credit card perks for golfers)

Electric scooters: How to earn bonus credit card rewards on your rides -- When I took the two leading scooters for a test drive, only one earned bonus travel rewards on my Visa. ... (See Bonus rewards on scooter rides)


 Credit account management

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Merchant category codes: Frequently asked questions -- Ready to learn how MCC codes can help you to maximize your rewards and savings? Here’s what you need to know. ... (See Merchant Category Codes)

9 credit card tips for scoring better back-to-school deals -- From waiting on that new laptop to taking advantage of complimentary free shipping, use these strategies, and your credit cards, to score savings on back-to-school expenses. ... (See Better back-to-school deals)

Young rap singer accused in card-cracking scheme -- In a typical card-cracking scheme, a social media come-on post offers fast cash just for sharing a valid credit, debit or prepaid card number. New York rap singer Ashley "Young Ash" Bautista pleaded not guilty to leading a ring of crackers. ... (See Card-cracking fraud)


 Credit Card Help

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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 Card Help: 9 things you need to know about prepaid cards -- Thinking about picking up a reloadable prepaid card? Here’s what you should know first ... (See Prepaid cards)

10 tips for dealing with debt collectors, collection -- First, pull your head out of the sand. Next, educate yourself on your rights and on who to reach out to for help or to register a complaint ... (See Debt collection tips)


 Credit scores, credit reports

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Small Business Credit Profile: The Cookie Cups -- How The Cookie Cups' Nicole Pomije funded her bakery startup with savings and strategic use of multiple credit cards. ... (See The Cookie Cups)

Weekly rate report: Average card rate jumps to 16.93 percent -- July 11, 2018: The average credit card interest rate inched higher this week after several cards adjusted APRs. ... (See Weekly rate report)

Capital One launches new CreditWise tools -- Capital One’s credit monitoring tool has launched three new features to help users protect their credit and detect fraud quickly. ... (See CreditWise)


 Emerging payment systems: Prepaid, debit, gift cards

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JD Power survey: American Express credit card mobile app ranks No. 1 -- The survey measures mobile apps on ease of navigation, appearance, clarity of information, range of services, and availability of key information. ... (See Credit card issuer mobile apps)

Millennials are the worst tippers in the US, new survey finds -- Millennials are the worst tippers in the U.S., but they also are most in favor of paying more and not tipping at all, a new CreditCards.com survey finds. Other findings? Older people are more generous tippers, and women tip more than men. ... (See Millennials and tipping)

Guide to mobile wallets: Samsung Pay, Apple Pay, Google Pay -- Got questions about mobile wallets? Our guide to Samsung Pay, Apple Pay and Google Pay has all the answers about operation, security and rewards ... (See Mobile wallets)


 Expert Q&A

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Is a Disney credit card worth getting before theme park visit? -- Should you get a Disney credit card ahead of a trip to the land of Mickey, Minnie and their pals? Unless your family is a huge fan of Disney, there are more rewarding credit cards to pack for your vacation. ... (See Disney credit cards)

I want to improve my business, should I charge a course? -- A business owner seeking to take a content marketing class to better target customers should first test ways to increase sales before shelling out $2,000 for the course. ... (See Course to improve business)

How to handle business card expenses using accounting software -- Using accounting software is a smart way to handle business expenses made on both your business and personal credit cards. ... (See Accounting software and business cards)


 Fine Print

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Here's what to do if Amazon packages go missing -- What can you do if your Amazon packages go missing? You have three layers of protection (including your credit cards) from porch pirates nabbing boxes. ... (See Amazon deliveries)

Surcharges grow more common, even in states where they're banned -- Surcharges for paying with a credit card are growing, even in states where these fees to cover 'swipe fees' are banned by law. ... (See Credit card surcharges)

How to avoid credit card sign-up bonus bait and switch -- Just because a card company invites you to apply for a card and approves your application does not necessarily mean it will give you the sign-up bonus that comes with the offer. ... (See Avoiding sign-up bonus bait and switch)


 Frequent flyer programs, airline rewards

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Merchant category codes: Frequently asked questions -- Ready to learn how MCC codes can help you to maximize your rewards and savings? Here’s what you need to know. ... (See Merchant Category Codes)

Is a Disney credit card worth getting before theme park visit? -- Should you get a Disney credit card ahead of a trip to the land of Mickey, Minnie and their pals? Unless your family is a huge fan of Disney, there are more rewarding credit cards to pack for your vacation. ... (See Disney credit cards)

How to book a flight with Delta SkyMiles -- Our guide to booking flights with SkyMiles shows you the ins and outs of searching for flights, rules, restrictions and tips for getting the best deal. ... (more)


 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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Chase Ultimate Rewards: How to redeem for travel -- You can either book directly through the Chase travel portal or transfer your points to a partner airline or hotel program and book your travel there. Each option has pluses and minuses. ... (See Chase Ultimate Rewards points)

Rewards card companion fares, passes cut cost of travel for 2 -- Some rewards cards offer companion fares or the opportunity to earn a companion pass, both of which cut the costs of travel for two. ... (See Companion fares and passes)

How to plan your summer rewards travel with or without points -- If you have a mound of points, great. If you don't, you can score a heap of points or a companion fare with a credit card sign-up bonus ... (See How to plan rewards summer travel now)


 Infographics

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Credit card bills are first to go unpaid, Fed finds -- When bills must go unpaid now, credit cards are at the top of the list, a Federal Reserve survey finds. That changed during the recession, when credit card bills were paid because they were viewed as a financial lifeline. ... (more)

Small businesses often rely on credit cards, Fed study finds -- Credit cards play a major role in financing small businesses, a new Fed survey finds. More than half of small businesses surveyed (51 percent) reported using credit cards for their operations on a regular basis. ... (See Small businesses and credit cards)

Who rolls over card debt and pays late? Study finds surprises -- Among cardholders who roll over their debt from month to month, age and other financial obligations -- not income and education -- are factors in who pays on time and who pays late, a new Auriemma Consulting Group study finds. ... (See Late payments study)


 Innovations, features, new products

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Metal credit cards aren't just for the wealthy now -- Metal credit cards aren't just for the wealthy now. Once reserved only for affluent, a few no-annual-fee cards now have that "plunk" factor. ... (See Metal credit cards)

Startup will turn plastic credit cards to metal ones for a fee -- The Lion Credit Card startup will turn your plastic card into a metal one for a fee, but why would you want to do that? ... (See Metal card for a fee)

You can earn United frequent flyer miles at the gas station -- United frequent fliers can opt to earn bonus miles with every fill-up by enrolling in the BP Driver Rewards program. ... (See Bonus rewards in unlikely places)


 Legal, regulatory, privacy issues

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Rewards, credit availability could take a hit as credit card banks' profits fall -- Profits at U.S. credit card banks fell due to higher delinquencies and lower net noninterest income in 2017, according to a Federal Reserve report. ... (See Fed report on credit card banks' profits)

Here's what to do if Amazon packages go missing -- What can you do if your Amazon packages go missing? You have three layers of protection (including your credit cards) from porch pirates nabbing boxes. ... (See Amazon deliveries)

Weekly rate report: Average card rate jumps to 16.93 percent -- July 11, 2018: The average credit card interest rate inched higher this week after several cards adjusted APRs. ... (See Weekly rate report)


 Low interest, zero percent cards

View all low interest, zero percent cards stories

Weekly rate report: Average card rate jumps to 16.93 percent -- July 11, 2018: The average credit card interest rate inched higher this week after several cards adjusted APRs. ... (See Weekly rate report)

Don't become addicted to balance transfer offers -- Balance transfer cards' 0 percent interest is alluring, but the limited time to pay off one's debt is dangerous. For some, these cards can be addicting, shifting balances from one card to another to buy more time. ... (See Balance transfer cards)

Reconsideration lines offer a second chance at credit card approval -- If your credit card application has been denied you might have a second chance of approval by calling the issuer's reconsideration line. Here's when to call and what to say. ... (See Card issuers' reconsideration lines)


 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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Wells Fargo Propel vs. Capital One Venture: Which is best? -- For many cardholders, the no-annual-fee Wells Fargo Propel card may be the best deal. ... (more)

Upcoming changes to the Marriott Rewards Business and Ritz-Carlton Rewards cards released -- The Marriott Rewards Premier Business and Ritz-Carlton Rewards cards will undergo several updates on Aug. 26, 2018, including increased rewards rates and additional bonus spending categories, as well as the removal of some benefits. ... (See Marriott Rewards)

How to book a flight with Delta SkyMiles -- Our guide to booking flights with SkyMiles shows you the ins and outs of searching for flights, rules, restrictions and tips for getting the best deal. ... (more)


 Rate report

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Weekly rate report: Average card rate jumps to 16.93 percent -- July 11, 2018: The average credit card interest rate inched higher this week after several cards adjusted APRs. ... (See Weekly rate report)

Rate survey: Average card rate climbs to all-time high of 16.92 percent -- July 5, 2018: The average credit card interest rate set another record this week, climbing to 16.92 percent ... (See Rate report)

Rate survey: Average card APR climbs to a record high of 16.83 percent -- June 27, 2018: The average credit card interest rate smashed another record this week, climbing to 16.83 percent, according to the CreditCards.com Weekly Credit Card Rate Report ... (more)


 Reaping Your Rewards

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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)

‘Cash and points’ can cut the cost of hotel rooms -- When you don't have enough points to get a free room, 'cash and points’ lets you shave some of the costs of your room ... (See 'Cash and points' at hotels)


 Research, statistics

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Weekly rate report: Average card rate jumps to 16.93 percent -- July 11, 2018: The average credit card interest rate inched higher this week after several cards adjusted APRs. ... (See Weekly rate report)

Americans' fears of missing a debt payment rise -- Americans' fears of missing a minimum debt payment rose in June for the third month in a row, according to the New York Fed’s Survey of Consumer Expectations. ... (See Fears of missing a payment)

Fed: Card balances rose by $9.7 billion in May -- Credit card balances surged to a new record in May, according to the Federal Reserve ... (See Consumer credit card debt)


 Reward programs

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Merchant category codes: Frequently asked questions -- Ready to learn how MCC codes can help you to maximize your rewards and savings? Here’s what you need to know. ... (See Merchant Category Codes)

9 credit card tips for scoring better back-to-school deals -- From waiting on that new laptop to taking advantage of complimentary free shipping, use these strategies, and your credit cards, to score savings on back-to-school expenses. ... (See Better back-to-school deals)

Is a Disney credit card worth getting before theme park visit? -- Should you get a Disney credit card ahead of a trip to the land of Mickey, Minnie and their pals? Unless your family is a huge fan of Disney, there are more rewarding credit cards to pack for your vacation. ... (See Disney credit cards)


 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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First-time cardholder? Avoid these 5 common credit card mistakes -- Got your first credit card? Congrats! Now, here are five common card mistakes to avoid. Hint: It's as easy as not overcharging and always paying your balance in full. ... (See First credit card mistakes)

5 mistakes you should avoid after paying off credit card debt -- From running up debt again to not using your card at all, avoid these mistakes after paying off your credit card debt. ... (See Mistakes after paying off card debt)

Which card issuer allows different credit limits for multiple users? -- Most card issuers don't allow you to set individual spending limits for authorized users; American Express is the exception. ... (See Credit limits)


 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

I want to improve my business, should I charge a course? -- A business owner seeking to take a content marketing class to better target customers should first test ways to increase sales before shelling out $2,000 for the course. ... (See Course to improve business)

How to handle business card expenses using accounting software -- Using accounting software is a smart way to handle business expenses made on both your business and personal credit cards. ... (See Accounting software and business cards)

How can I improve cash flow for my startup? -- Cash flow issues can be scary, but there are a few things you can do to turn the situation around right away. ... (See Cash flow )