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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Single woman’s guide to a mortgage-worthy credit profile -- A strong credit profile is critical to your financial independence. Here's how you can build credit and get it in the best shape to secure a home loan ... (See Single woman's credit guide)

Study: Credit cards carry more types of bacteria than coins, cash -- There's a good chance your credit card carries nasty bugs that can cause infections and food poisoning, but it's not likely to make you sick ... (See Credit card germ study )

What's in my wallet? My cash-back strategy -- CreditCards.com's industry analyst Ted Rossman shares his cash-back strategy and what cards he may add to his wallet next. ... (See Cash-back strategy)


 Balance transfer debt consolidation

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Weekly rate report: Average card rate rises to 17.03 percent -- August 15, 2018: Just one week after scaling past 17 percent for the first time ever, the average credit card interest rate inched a tad higher Wednesday. ... (See Weekly rate report)

Weekly rate report: Average card rate soars to record high of 17.02 percent -- August 8, 2018: The average credit card interest rate shattered a major record this week, soaring past 17 percent for the first time. ... (See Weekly rate report )

How to rebuild your finances after rehab -- Addiction is an ongoing battle that can drain your finances, but sticking to a financial plan can help ... (See Rebuilding finances post-rehab)


 Breaking news

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J.D. Power Satisfaction Survey 2018: Discover reclaims top rank -- Rewards programs are a top factor on people's satisfaction with credit cards, JDPower's annual survey found. In 2018, Discover reclaimed the top position, with American Express in close second. ... (See J.D. Power customer satisfaction survey)

Weekly rate report: Average card rate rises to 17.03 percent -- August 15, 2018: Just one week after scaling past 17 percent for the first time ever, the average credit card interest rate inched a tad higher Wednesday. ... (See Weekly rate report)

NY Fed: Credit reports show fewer debts in collection -- Implementation of tighter credit reporting standards has meant a steep drop in collection demerits and an average 11-point increase in credit scores, says a New York Fed study. ... (See Fewer credit accounts in collection: NY Fed)


 Business credit, business cards

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Weekly rate report: Average card rate rises to 17.03 percent -- August 15, 2018: Just one week after scaling past 17 percent for the first time ever, the average credit card interest rate inched a tad higher Wednesday. ... (See Weekly rate report)

Small Business Credit Profile: Local Food Adventures -- Bay Area foodie Lauren McCabe Herpich highlights the region's hidden culinary gems with Local Food Adventures walking tours. ... (See Small Business Credit Profile: Local Food Adventures)

Tech support scams: How to protect yourself – and your credit card -- Tech support scams, where you receive a phone call from somebody requesting access to fix your computer and demanding pay, is a growing trend. Don't fall for it! Here's how to protect yourself. ... (See Tech support scams and credit cards)


 Business travel

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Best Credit Cards for Free Checked Bags -- Checking a bag on your flight? You might be able to do so for free using the right credit card – or card benefit. Here's how to get free checked bags on your next flight. ... (See Free checked bags)

Bumped from a flight? Credit card tips to keep your seat -- Credit card benefits like priority boarding can help you keep your seat in case your flight is overbooked. If you're bumped, we've got you covered with these travel tips. ... (See Bumped from flight: Credit card tips)

First-time job seeker tips for credit cards -- Looking for your first job? How recent graduates can save money by using the right credit card to offset networking and job interview expenses. ... (See First job card tips)


 Cash back cards

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What's in my wallet? My cash-back strategy -- CreditCards.com's industry analyst Ted Rossman shares his cash-back strategy and what cards he may add to his wallet next. ... (See Cash-back strategy)

No-annual-fee cards that make it easy to earn rewards for travel -- These five low-maintenance no-annual-fee cards have no annual fee and require little or no work to earn steady rewards. ... (See Low-maintenance cards)

Weekly rate report: Average card rate rises to 17.03 percent -- August 15, 2018: Just one week after scaling past 17 percent for the first time ever, the average credit card interest rate inched a tad higher Wednesday. ... (See Weekly rate report)


 Cashing In Q&A columns

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Primary cardholder dies: How to redeem rewards points -- When a credit card holder dies, heirs have more options for redeeming rewards points than what is stated in the card's terms and conditions. Here's what you can do. ... (See Redeeming deceased cardholder's rewards points)

Have unused miles and don't fly often? You have redemption options -- Have thousands of miles on your frequent flyer account and don't fly often? You can redeem them for hotels, car rentals and even gift cards – without having to transfer them to another loyalty program. ... (See Redeem miles beyond flights)

Travel credit card rewards while living abroad -- You can earn travel rewards on your credit card while living abroad as long as your purchases are coded as "travel." Here's what to look for in a card to earn travel rewards while overseas. ... (See Travel rewards while living abroad)


 Credit account management

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Single woman’s guide to a mortgage-worthy credit profile -- A strong credit profile is critical to your financial independence. Here's how you can build credit and get it in the best shape to secure a home loan ... (See Single woman's credit guide)

What's in my wallet? My cash-back strategy -- CreditCards.com's industry analyst Ted Rossman shares his cash-back strategy and what cards he may add to his wallet next. ... (See Cash-back strategy)

How soon will my credit score recover from a collection item? -- A collection item stays on your credit report for up to seven years. After you pay it off, be sure to keep your other card balances low or pay them down to zero ... (See Collection items and your credit score)


 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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Single woman’s guide to a mortgage-worthy credit profile -- A strong credit profile is critical to your financial independence. Here's how you can build credit and get it in the best shape to secure a home loan ... (See Single woman's credit guide)

How soon will my credit score recover from a collection item? -- A collection item stays on your credit report for up to seven years. After you pay it off, be sure to keep your other card balances low or pay them down to zero ... (See Collection items and your credit score)

How to upgrade your card with the same issuer -- Upgrading can allow you to get a better card in one easy transaction and possibly without the credit ding of a hard inquiry. ... (See Upgrade your card)


 Emerging payment systems: Prepaid, debit, gift cards

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Credit alternatives target millennials -- Leading millennial brands including Venmo, Starbucks and SoFi have debuted new credit products aimed at credit-card-shy millennials. Meanwhile, some retailers popular with millennials now offer point-of-sale loans and have even brought back layaway. ... (See Credit alternatives for millennials)

How to protect your info in this age of data breaches -- As data breaches increase, it is easier to cut the risk that your card data and other personal info will be stolen. Dark web scans, free credit reports and virtual card numbers can ease your anxiety about identity theft. ... (See How to cut your ID fraud risk)

CareCredit expansion: High-rate medical card reaches new markets -- CareCredit, a popular medical card, is expanding to new markets, but with a 26.99 percent standard APR, consumers might be better off considering other financing options, experts say. ... (See CareCredit expansion)


 Expert Q&A

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What's in my wallet? My cash-back strategy -- CreditCards.com's industry analyst Ted Rossman shares his cash-back strategy and what cards he may add to his wallet next. ... (See Cash-back strategy)

How soon will my credit score recover from a collection item? -- A collection item stays on your credit report for up to seven years. After you pay it off, be sure to keep your other card balances low or pay them down to zero ... (See Collection items and your credit score)

Primary cardholder dies: How to redeem rewards points -- When a credit card holder dies, heirs have more options for redeeming rewards points than what is stated in the card's terms and conditions. Here's what you can do. ... (See Redeeming deceased cardholder's rewards points)


 Fine Print

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Skip credit card payments: These are your options -- Can you skip a credit card payment when there's a temporary loss of income? Most issuers might offer you a payment reduction instead, depending on your payment history. These are your options. ... (See Skip credit card payment)

Credit card issuers supervised by the CFPB -- Concerned about anti-consumer practices related to your credit card? Rest assured – if your card was issued by a major institution, it is supervised by the Consumer Financial Protection Bureau. ... (See Banks supervised by CFPB)

The Fine Print: Can a credit card charge interest after death? -- A credit card issuer can continue to charge interest after death. However there are specific rules in place for estate that protect heirs. ... (See Credit card interest after death)


 Frequent flyer programs, airline rewards

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Hotel birthday bonuses and credit card perks can help you save on your trip -- If you have a birthday coming up, you're eligible for countless hotel and travel perks. If you have a co-branded credit card or are part of a hotel loyalty program, you can save even more. ... (See Hotel birthday bonuses and card perks)

Best Credit Cards for Free Checked Bags -- Checking a bag on your flight? You might be able to do so for free using the right credit card – or card benefit. Here's how to get free checked bags on your next flight. ... (See Free checked bags)

Primary cardholder dies: How to redeem rewards points -- When a credit card holder dies, heirs have more options for redeeming rewards points than what is stated in the card's terms and conditions. Here's what you can do. ... (See Redeeming deceased cardholder's rewards points)


 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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Diversify your rewards cards to pay for bucket list trips -- When planning bucket list trips, it helps to have a mix of rewards cards -- airline, hotel, cash back and flexible travel card -- to cover all of your costs. ... (See Cards for bucket list trips)

3 times when it's worth it to buy miles, points -- When you are offered a chance to purchase airline miles or hotel points at a discount, it's usually best to say no. But not always ... (See Buying points or miles)

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)


 Infographics

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South Dakota, North Carolina lead nation in new card accounts -- New data from Experian shows card balances grew 6.6 percent year-over-year in the second quarter, and new credit card accounts grew even faster ... (See States' card debt )

Millennials taking their credit building seriously -- Seventy percent of millennials checked their credit scores in the past 12 months - more than older age groups ... (See Millennial credit )

About half of parents talk to their kids about money -- While more than 8 in 10 American parents say it's never too early to teach a child about money, just more than half follow through and have those conversations, a Chase survey finds. ... (See Parents, kids and money)


 Innovations, features, new products

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Multi-attraction passes help you save on big city travel -- Multi-attraction passes in places such as New York City, Rome and Southern California can help you save money and skip long ticket lines. ... (See Multi-attraction passes)

Credit alternatives target millennials -- Leading millennial brands including Venmo, Starbucks and SoFi have debuted new credit products aimed at credit-card-shy millennials. Meanwhile, some retailers popular with millennials now offer point-of-sale loans and have even brought back layaway. ... (See Credit alternatives for millennials)

Personalized credit card designs add whimsy to your wallet -- A growing number of credit card companies allow you to personalize your card with a custom design, or your own photos ... (See Customized credit card)


 Legal, regulatory, privacy issues

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Privacy rights: As banks talk with Facebook, time to review opt-out options -- With Facebook seeking customer data from banks, federal privacy protections let you opt out of some data sharing by financial institutions. ... (See Review privacy rights)

How soon will my credit score recover from a collection item? -- A collection item stays on your credit report for up to seven years. After you pay it off, be sure to keep your other card balances low or pay them down to zero ... (See Collection items and your credit score)

Weekly rate report: Average card rate rises to 17.03 percent -- August 15, 2018: Just one week after scaling past 17 percent for the first time ever, the average credit card interest rate inched a tad higher Wednesday. ... (See Weekly rate report)


 Low interest, zero percent cards

View all low interest, zero percent cards stories

Weekly rate report: Average card rate rises to 17.03 percent -- August 15, 2018: Just one week after scaling past 17 percent for the first time ever, the average credit card interest rate inched a tad higher Wednesday. ... (See Weekly rate report)

Weekly rate report: Average card rate soars to record high of 17.02 percent -- August 8, 2018: The average credit card interest rate shattered a major record this week, soaring past 17 percent for the first time. ... (See Weekly rate report )

Multiply card rewards on business purchases -- Using a rewards credit card for business expenses is an easy way to pile up money-saving miles, points or cash back. Combine it with these tools to maximize savings. ... (See Multiply business savings using rewards cards)


 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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Chase and Korean Air SkyPass to end partnership -- If you want to transfer your Chase Ultimate Rewards points to Korean Air SkyPass, you have until Aug. 24, 2018 to do so. ... (See Chase Ultimate Rewards)

Orbitz Rewards Dining guide -- Our guide to Orbitz Rewards Dining shows how to earn Orbucks quickly by dining out each week. ... (See Orbitz Rewards Dining guide)

Earn 75,000 bonus points with the Marriott Rewards Premier Plus Credit Card -- If you frequently stay at Marriott hotels and are interested in earning a large influx of rewards, the Marriott Rewards Premier Plus card is a great option. ... (See Marriott Rewards)


 Rate report

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Weekly rate report: Average card rate rises to 17.03 percent -- August 15, 2018: Just one week after scaling past 17 percent for the first time ever, the average credit card interest rate inched a tad higher Wednesday. ... (See Weekly rate report)

Weekly rate report: Average card rate soars to record high of 17.02 percent -- August 8, 2018: The average credit card interest rate shattered a major record this week, soaring past 17 percent for the first time. ... (See Weekly rate report )

Weekly rate report: Average card rate climbs to all-time high of 16.99 percent -- August 1, 2018: The average credit card interest rate climbed to a record high Wednesday, 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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Single woman’s guide to a mortgage-worthy credit profile -- A strong credit profile is critical to your financial independence. Here's how you can build credit and get it in the best shape to secure a home loan ... (See Single woman's credit guide)

Study: Credit cards carry more types of bacteria than coins, cash -- There's a good chance your credit card carries nasty bugs that can cause infections and food poisoning, but it's not likely to make you sick ... (See Credit card germ study )

J.D. Power Satisfaction Survey 2018: Discover reclaims top rank -- Rewards programs are a top factor on people's satisfaction with credit cards, JDPower's annual survey found. In 2018, Discover reclaimed the top position, with American Express in close second. ... (See J.D. Power customer satisfaction survey)


 Reward programs

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What's in my wallet? My cash-back strategy -- CreditCards.com's industry analyst Ted Rossman shares his cash-back strategy and what cards he may add to his wallet next. ... (See Cash-back strategy)

Multi-attraction passes help you save on big city travel -- Multi-attraction passes in places such as New York City, Rome and Southern California can help you save money and skip long ticket lines. ... (See Multi-attraction passes)

Chase and Korean Air SkyPass to end partnership -- If you want to transfer your Chase Ultimate Rewards points to Korean Air SkyPass, you have until Aug. 24, 2018 to do so. ... (See Chase Ultimate Rewards)


 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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Personalized credit card designs add whimsy to your wallet -- A growing number of credit card companies allow you to personalize your card with a custom design, or your own photos ... (See Customized credit card)

First-time job seeker tips for credit cards -- Looking for your first job? How recent graduates can save money by using the right credit card to offset networking and job interview expenses. ... (See First job card tips)

Parents' credit card tips for college students -- Here are five credit tips to help your college student manage a credit card responsibly. ... (See Student credit tips)


 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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Tech support scams: How to protect yourself – and your credit card -- Tech support scams, where you receive a phone call from somebody requesting access to fix your computer and demanding pay, is a growing trend. Don't fall for it! Here's how to protect yourself. ... (See Tech support scams and credit cards)

E-commerce chargebacks: How to protect your business -- There are several steps you can take if your business has become a regular victim of fraudulent online chargebacks. Start by taking a look at your payment acceptance methods. ... (See E-commerce chargebacks)

What merchants should do when they suspect card fraud -- Suspect fraud on an otherwise approved credit card purchase? As a merchant you may be liable if you don't follow the card network's guidelines. Here's what you should know. ... (See Merchants and card fraud)