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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Credit card debt poll: 56% of balance-carrying cardholders have had debt for at least a year -- According to a new poll from CreditCards.com, 56 percent of credit card holders who are carrying balances have been doing so for more than a year. ... (See Long-term credit card debt poll)

Weekly rate report: Average card APR inches up to 17.57 percent -- February 20, 2019: The average credit card interest rate ticked up Wednesday to another record high, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Credit card debt: Millennials most likely to take a hit from non-essential spending -- Americans have plenty of expenses they consider non-essential these days. And for millennials, those discretionary purchases are taking a big bite out of their budget. ... (See Credit card debt)


 Balance transfer debt consolidation

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Weekly rate report: Average card APR inches up to 17.57 percent -- February 20, 2019: The average credit card interest rate ticked up Wednesday to another record high, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Weekly rate report: Average card APR holds steady at 17.55 percent -- February 13, 2019: The average credit card interest rate remained at a record high Wednesday after most major credit card issuers left interest rates alone. ... (See Weekly rate report)

Weekly rate report: Average card APR hits record high of 17.55 percent -- February 6, 2019: The average credit card interest rate floated higher Wednesday after several lenders tweaked rates. ... (See Weekly rate report )


 Breaking news

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Credit card debt poll: 56% of balance-carrying cardholders have had debt for at least a year -- According to a new poll from CreditCards.com, 56 percent of credit card holders who are carrying balances have been doing so for more than a year. ... (See Long-term credit card debt poll)

Weekly rate report: Average card APR inches up to 17.57 percent -- February 20, 2019: The average credit card interest rate ticked up Wednesday to another record high, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Swipe fees: Visa, Mastercard to charge merchants more for card transactions -- Visa and Mastercard are planning to raise swipe fees in April, according to media reports. It could result in higher prices for consumers. ... (See Swipe fees)


 Business credit, business cards

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Weekly rate report: Average card APR inches up to 17.57 percent -- February 20, 2019: The average credit card interest rate ticked up Wednesday to another record high, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Small Business Profile: HeyTutor -- Founder Skyler Lucci utilized good credit and business cards to supply a need to a niche market. ... (See Small Business Profile: HeyTutor)

Lunch with co-workers: Is it OK to use company's credit card? -- Charging lunch with co-workers on a company card might not be considered misuse of company funds if it was business-related. But make sure to know your employer's policy before charging. ... (See Charging lunch on company's card)


 Business travel

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Lunch with co-workers: Is it OK to use company's credit card? -- Charging lunch with co-workers on a company card might not be considered misuse of company funds if it was business-related. But make sure to know your employer's policy before charging. ... (See Charging lunch on company's card)

International getaways: How to get, stay there on miles, points -- Ready for a weekend getaway to a sunny destination? Go overseas using card rewards, points and miles. These four tips will help you score a quick international trip. ... (See Have Cards, Will Travel: International getaways)

Travel hacks guide: How to become a points hacker using credit cards -- Enticed by the prospect of earning and redeeming rewards but intimidated by the rules? Fret not. Travel experts shared their tips for becoming a 'points hacker.' Here's how to do it. ... (See Rewards guide: From clueless cardholder to points hacker)


 Cash back cards

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Weekly rate report: Average card APR inches up to 17.57 percent -- February 20, 2019: The average credit card interest rate ticked up Wednesday to another record high, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Credit cards in retirement: Tips on how to use credit cards in retirement -- From picking the best perks to securing the right credit limit, here's everything you need to know on how to use credit cards in retirement. ... (See Retirement and credit cards tips)

International getaways: How to get, stay there on miles, points -- Ready for a weekend getaway to a sunny destination? Go overseas using card rewards, points and miles. These four tips will help you score a quick international trip. ... (See Have Cards, Will Travel: International getaways)


 Cashing In Q&A columns

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In-flight credit card offers: Are they worth it? -- Some airlines promote special sign-up credit card offers on their flights. Are they worth it? Here's everything you need about these offers before applying. ... (See In-flight credit card offers)

Credit card referral bonuses: Are referral bonuses taxable? -- Credit card rewards are usually not taxable if you had to spend in order to earn them. That's why referral bonuses might be subject to taxes. Here's what you should know. ... (See Card referral bonuses: Tax implications)

Selling airline miles: Is it legal? Should I sell my miles? -- Selling miles comes with risks and is not allowed by frequent flyer programs; these are your options. ... (See Selling airline miles)


 Credit account management

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Credit card debt poll: 56% of balance-carrying cardholders have had debt for at least a year -- According to a new poll from CreditCards.com, 56 percent of credit card holders who are carrying balances have been doing so for more than a year. ... (See Long-term credit card debt poll)

Weekly rate report: Average card APR inches up to 17.57 percent -- February 20, 2019: The average credit card interest rate ticked up Wednesday to another record high, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Credit card debt: Millennials most likely to take a hit from non-essential spending -- Americans have plenty of expenses they consider non-essential these days. And for millennials, those discretionary purchases are taking a big bite out of their budget. ... (See Credit card debt)


 Credit Card Help

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How to get the most from our weekly newsletter -- These tips and instructions will help any subscriber get the most out of their CreditCards.com newsletter. ... (See CreditCards.com newsletter guide)

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 )


 Credit scores, credit reports

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Weekly rate report: Average card APR inches up to 17.57 percent -- February 20, 2019: The average credit card interest rate ticked up Wednesday to another record high, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Small Business Profile: HeyTutor -- Founder Skyler Lucci utilized good credit and business cards to supply a need to a niche market. ... (See Small Business Profile: HeyTutor)

Credit cards in retirement: Tips on how to use credit cards in retirement -- From picking the best perks to securing the right credit limit, here's everything you need to know on how to use credit cards in retirement. ... (See Retirement and credit cards tips)


 Emerging payment systems: Prepaid, debit, gift cards

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Contactless credit card: How 'tap-and-go' cards work, which U.S. banks issue them -- Contactless cards, which you tap instead of dipping or swiping, currently make just a tiny fraction of the credit card market in the U.S. But that may be about to change. ... (See Contactless 'tap-and-go' credit card guide)

Renting a car: Some companies have eased restrictions on using a debit card -- If you prefer to use debit cards instead of credit when you travel, your next trip may be less stressful. Some travel companies have relaxed their restrictions on using debit cards to book rental cars. ... (See Renting a car)

Wearable payments are finally starting to take off in the U.S. -- A growing number of U.S. brands and financial services companies are embracing payment-enabled wearables that you can tap to pay without fumbling for a physical phone or card. ... (See Wearable payment methods)


 Expert Q&A

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In-flight credit card offers: Are they worth it? -- Some airlines promote special sign-up credit card offers on their flights. Are they worth it? Here's everything you need about these offers before applying. ... (See In-flight credit card offers)

Lunch with co-workers: Is it OK to use company's credit card? -- Charging lunch with co-workers on a company card might not be considered misuse of company funds if it was business-related. But make sure to know your employer's policy before charging. ... (See Charging lunch on company's card)

Best cash back cards for parents -- Parents with young children can maximize their cash back earnings by identifying where they spend the most with credit cards. For many families, it's the supermarket and the gas station. ... (See Best cash back cards for parents)


 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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Point hoarders: Are you making this huge mistake with your points and miles? -- Some rewards credit card users make the mistake of accumulating massive sums of points and holding onto them for dear life. Here's how to start using your points wisely. ... (See Points hoarding: Avoid this huge rewards mistake)

Small Business Profile: HeyTutor -- Founder Skyler Lucci utilized good credit and business cards to supply a need to a niche market. ... (See Small Business Profile: HeyTutor)

In-flight credit card offers: Are they worth it? -- Some airlines promote special sign-up credit card offers on their flights. Are they worth it? Here's everything you need about these offers before applying. ... (See In-flight credit card offers)


 Get to the Points

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Valentine's Day ideas: How to use rewards, miles, points to save -- Valentine's can be the most romantic – and expensive – day of the year. Credit card rewards and perks can help you save on gifts, dining out and romantic getaways. Here's how. ... (See Valentine's Day credit card tips)

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)


 Have Cards, Will Travel

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International getaways: How to get, stay there on miles, points -- Ready for a weekend getaway to a sunny destination? Go overseas using card rewards, points and miles. These four tips will help you score a quick international trip. ... (See Have Cards, Will Travel: International getaways)

Southwest Companion Pass: Best travel options using sign-up bonus miles -- An unforgettable 2x1 getaway to Cabo, Belize, Aruba or Punta Cana is within reach by leveraging Southwest's current promotion – here's how. ... (See Southwest Companion Pass travel tips)

Tropical destinations: 4 exotic islands to escape winter using points -- Cold, frosty winter days call for sunny afternoons in far-off destinations. Here are four exotic islands you can escape to by using miles and points from your rewards credit cards. ... (See 4 exotic winter destinations on points)


 Infographics

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Credit card debt: Millennials most likely to take a hit from non-essential spending -- Americans have plenty of expenses they consider non-essential these days. And for millennials, those discretionary purchases are taking a big bite out of their budget. ... (See Credit card debt)

Data breaches dropped in 2018, but more personal information was exposed -- The number of data breaches dropped 24 percent in 2018, but the number of sensitive records involved in those breaches more than doubled, for a whopping 126 percent increase. ... (See Data breaches)

Debit payments surge, but more money is spent on credit cards -- If you've been using your debit card more often than you did last year, but charging more dollars to your credit card, your pattern matches the findings of a new study by the Fed. ... (See Study: credit vs. debit)


 Innovations, features, new products

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Contactless credit card: How 'tap-and-go' cards work, which U.S. banks issue them -- Contactless cards, which you tap instead of dipping or swiping, currently make just a tiny fraction of the credit card market in the U.S. But that may be about to change. ... (See Contactless 'tap-and-go' credit card guide)

J.P. Morgan Chase to launch its own cryptocurrency -- J.P. Morgan Chase is the first major U.S. bank to adopt cryptocurrency. It will test the program on its institutional clients. ... (See JP Morgan Chase cryptocurrency)

Wearable payments are finally starting to take off in the U.S. -- A growing number of U.S. brands and financial services companies are embracing payment-enabled wearables that you can tap to pay without fumbling for a physical phone or card. ... (See Wearable payment methods)


 Legal, regulatory, privacy issues

View all legal, regulatory, privacy issues stories

Weekly rate report: Average card APR inches up to 17.57 percent -- February 20, 2019: The average credit card interest rate ticked up Wednesday to another record high, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Swipe fees: Visa, Mastercard to charge merchants more for card transactions -- Visa and Mastercard are planning to raise swipe fees in April, according to media reports. It could result in higher prices for consumers. ... (See Swipe fees)

J.P. Morgan Chase to launch its own cryptocurrency -- J.P. Morgan Chase is the first major U.S. bank to adopt cryptocurrency. It will test the program on its institutional clients. ... (See JP Morgan Chase cryptocurrency)


 Low interest, zero percent cards

View all low interest, zero percent cards stories

Weekly rate report: Average card APR inches up to 17.57 percent -- February 20, 2019: The average credit card interest rate ticked up Wednesday to another record high, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Weekly rate report: Average card APR holds steady at 17.55 percent -- February 13, 2019: The average credit card interest rate remained at a record high Wednesday after most major credit card issuers left interest rates alone. ... (See Weekly rate report)

Weekly rate report: Average card APR hits record high of 17.55 percent -- February 6, 2019: The average credit card interest rate floated higher Wednesday after several lenders tweaked rates. ... (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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Navigating Barclaycard Arrival miles -- Barclays offers a valuable rewards program option if you’re interested in big bonuses and solid earning rates toward travel benefits ... (See Barclays Rewards)

Earn Membership Rewards points on Ebates shopping with new offer -- Ebates now lets users sub Membership Rewards for cash back. ... (See New Ebates offer)

A guide to the Wells Fargo Go Far Rewards program -- Though they get less press than other programs, Go Far Rewards offer solid redemption value and good redemption options -- our guide explains how to make the most of Wells Fargo rewards. ... (See Wells Fargo Go Far Rewards guide)


 Rate report

View all rate report stories

Weekly rate report: Average card APR inches up to 17.57 percent -- February 20, 2019: The average credit card interest rate ticked up Wednesday to another record high, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Weekly rate report: Average card APR holds steady at 17.55 percent -- February 13, 2019: The average credit card interest rate remained at a record high Wednesday after most major credit card issuers left interest rates alone. ... (See Weekly rate report)

Weekly rate report: Average card APR hits record high of 17.55 percent -- February 6, 2019: The average credit card interest rate floated higher Wednesday after several lenders tweaked rates. ... (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 inches up to 17.57 percent -- February 20, 2019: The average credit card interest rate ticked up Wednesday to another record high, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Credit card debt: Millennials most likely to take a hit from non-essential spending -- Americans have plenty of expenses they consider non-essential these days. And for millennials, those discretionary purchases are taking a big bite out of their budget. ... (See Credit card debt)

Credit scores are rising: How not to get left behind -- The average credit score among U.S. consumers is now 704. Are you more likely now to be denied credit if your score is much lower? Some recent studies suggest the answer is yes. ... (See Credit scores )


 Reward programs

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Weekly rate report: Average card APR inches up to 17.57 percent -- February 20, 2019: The average credit card interest rate ticked up Wednesday to another record high, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Point hoarders: Are you making this huge mistake with your points and miles? -- Some rewards credit card users make the mistake of accumulating massive sums of points and holding onto them for dear life. Here's how to start using your points wisely. ... (See Points hoarding: Avoid this huge rewards mistake)

Small Business Profile: HeyTutor -- Founder Skyler Lucci utilized good credit and business cards to supply a need to a niche market. ... (See Small Business Profile: HeyTutor)


 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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Retail credit card: How to upgrade to a regular card -- Have a retail store credit card but think it's time to apply for a regular credit card? Here's what you need to know, including approval tips and what to do with that old store card. ... (See How to upgrade to a regular card from a store card)

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)


 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

Lunch with co-workers: Is it OK to use company's credit card? -- Charging lunch with co-workers on a company card might not be considered misuse of company funds if it was business-related. But make sure to know your employer's policy before charging. ... (See Charging lunch on company's card)

Corporate cards: How to dispute fraudulent charges -- If fraudulent charges were put on your corporate credit card, don't assume the card's automatically covered by zero liability policies. However, you have options. Here's what to do. ... (See Fraud charges)

Business card debt: Pros, cons of transferring balance to personal card -- Transferring a balance from a business credit card to a 0-percent personal card can help you save money and give you more protections – just make sure your utilization doesn't spike. ... (See Transferring business card balance)


Uncategorized

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A veteran's guide to starting a small business -- Thinking of starting a business as a veteran? Take advantage of available resources and funding options to help your business flourish. ... (more)