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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Fed: Card balances jumped by $2.5 billion in January -- Credit card balances were up in January, according to the Federal Reserve?s latest report on consumer credit. ... (See Consumer credit)

Credit limit: Issuer offered me low limit despite high credit score; why? -- If you have an existing high credit line with the same bank, it may not be so generous with additional credit accounts. ... (See Credit limits on new accounts)

'Pay It Plan It' from American Express: Fees, tips; is it worth it? -- "Pay It Plan It" is a flexible payment option offered by American Express in some personal credit cards. Is it worth it? Here's everything you need to know, including fees and tips. ... (See Amex 'Pay It Plan It' guide)


 Balance transfer debt consolidation

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'Pay It Plan It' from American Express: Fees, tips; is it worth it? -- "Pay It Plan It" is a flexible payment option offered by American Express in some personal credit cards. Is it worth it? Here's everything you need to know, including fees and tips. ... (See Amex 'Pay It Plan It' guide)

Weekly rate report: Average card APR remains at record high of 17.64 percent -- March 6, 2019: The average credit card APR held steady Wednesday after jumping to an all-time high the previous week. ... (See Weekly rate report)

Chase rolls out personal loans available to its cardholders -- Chase recently announced it will launch two brand-new personal loan options that will be available to its cardholders. ... (See Chase personal loans)


 Breaking news

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Fed: Card balances jumped by $2.5 billion in January -- Credit card balances were up in January, according to the Federal Reserve?s latest report on consumer credit. ... (See Consumer credit)

Weekly rate report: Average card APR remains at record high of 17.64 percent -- March 6, 2019: The average credit card APR held steady Wednesday after jumping to an all-time high the previous week. ... (See Weekly rate report)

Favorite credit card poll: Many stick with the same card at their own expense -- A new CreditCards.com poll finds only 15 percent of Americans have swapped out their go-to credit card in the past year. Meanwhile, 30 percent have never changed the card that sits atop their wallet. ... (See Favorite credit card poll)


 Business credit, business cards

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Weekly rate report: Average card APR remains at record high of 17.64 percent -- March 6, 2019: The average credit card APR held steady Wednesday after jumping to an all-time high the previous week. ... (See Weekly rate report)

Small Business Profile: Profit Coach -- Serial entrepreneur Susie Carder has been part of the business world since she was 16 - and shows no signs of slowing down. ... (See Profit Coaching)

Going cashless: Is your business ready to go cashless? Pros, cons, tips -- If your business is considering going cashless, consider the pros and cons first. Start by knowing your customer base - and learn from experiences of other businesses who've tried to go cashless with mixed results. ... (See Going cashless: Small-business guide)


 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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'Pay It Plan It' from American Express: Fees, tips; is it worth it? -- "Pay It Plan It" is a flexible payment option offered by American Express in some personal credit cards. Is it worth it? Here's everything you need to know, including fees and tips. ... (See Amex 'Pay It Plan It' guide)

Cash back alternatives that compete with top travel cards -- Though travel cards sometimes have a better point value, many cash back cards offer rewards rates that make them a better choice. ... (See Cash back cards)

Weekly rate report: Average card APR remains at record high of 17.64 percent -- March 6, 2019: The average credit card APR held steady Wednesday after jumping to an all-time high the previous week. ... (See Weekly rate report)


 Cashing In Q&A columns

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New Marriott Bonvoy credit cards: Are they worth it? -- Three different Marriott Bonvoy credit cards are currently offering 100,000-point sign-up bonuses. Are they worth it? It all depends on your travel and spending habits. ... (See Marriott Bonvoy cards: Worth it?)

Transfer points twice: Does it make sense? -- Transferring rewards points twice ? from one loyalty program to another one, then to another one ? seldom makes sense because your points will lose value. Here's why. ... (See Transferring points twice)

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 account management

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Fed: Card balances jumped by $2.5 billion in January -- Credit card balances were up in January, according to the Federal Reserve?s latest report on consumer credit. ... (See Consumer credit)

Credit limit: Issuer offered me low limit despite high credit score; why? -- If you have an existing high credit line with the same bank, it may not be so generous with additional credit accounts. ... (See Credit limits on new accounts)

'Pay It Plan It' from American Express: Fees, tips; is it worth it? -- "Pay It Plan It" is a flexible payment option offered by American Express in some personal credit cards. Is it worth it? Here's everything you need to know, including fees and tips. ... (See Amex 'Pay It Plan It' guide)


 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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Credit limit: Issuer offered me low limit despite high credit score; why? -- If you have an existing high credit line with the same bank, it may not be so generous with additional credit accounts. ... (See Credit limits on new accounts)

Weekly rate report: Average card APR remains at record high of 17.64 percent -- March 6, 2019: The average credit card APR held steady Wednesday after jumping to an all-time high the previous week. ... (See Weekly rate report)

Small Business Profile: Profit Coach -- Serial entrepreneur Susie Carder has been part of the business world since she was 16 - and shows no signs of slowing down. ... (See Profit Coaching)


 Emerging payment systems: Prepaid, debit, gift cards

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Online bill payment: Credit overtakes debit as preferred payment method -- Since 2016, consumers have preferred credit over debit for online retail, travel and digital media. A new study shows paying bills online is now on that list. ... (See Credit vs. debit )

Going cashless: Is your business ready to go cashless? Pros, cons, tips -- If your business is considering going cashless, consider the pros and cons first. Start by knowing your customer base - and learn from experiences of other businesses who've tried to go cashless with mixed results. ... (See Going cashless: Small-business guide)

Swipe fees: Merchants have a big incentive to lure you away from credit cards -- As general market credit cards become costlier to accept, retailers are under pressure to lure cardholders away from premium rewards cards. That could mean discounts for using gift cards, store cards and other payment methods. ... (See Swipe fees )


 Expert Q&A

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Credit limit: Issuer offered me low limit despite high credit score; why? -- If you have an existing high credit line with the same bank, it may not be so generous with additional credit accounts. ... (See Credit limits on new accounts)

New Marriott Bonvoy credit cards: Are they worth it? -- Three different Marriott Bonvoy credit cards are currently offering 100,000-point sign-up bonuses. Are they worth it? It all depends on your travel and spending habits. ... (See Marriott Bonvoy cards: Worth it?)

Authorized user on employer's business card: Pros, cons, options -- Becoming an authorized user on your employer?s business credit card can boost or hurt your own credit ? it all depends on the card?s standing and your own credit history. ... (See Authorized user on employer's business card)


 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: Profit Coach -- Serial entrepreneur Susie Carder has been part of the business world since she was 16 - and shows no signs of slowing down. ... (See Profit Coaching)

Guide to Priority Pass lounges -- This huge collection of airport lounges is a plushy escape for frequent travelers. ... (See Priority Pass lounges)

Fly-and-drive: Road trip options using rewards, points -- A twist on an old classic, fly-and-drives offer the fun of a road trip without the grueling hours to reach your destination. And you can make it happen using rewards points. Here's how. ... (See Fly-and-drive road trips on points)


 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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Fly-and-drive: Road trip options using rewards, points -- A twist on an old classic, fly-and-drives offer the fun of a road trip without the grueling hours to reach your destination. And you can make it happen using rewards points. Here's how. ... (See Fly-and-drive road trips on points)

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)


 Infographics

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Online bill payment: Credit overtakes debit as preferred payment method -- Since 2016, consumers have preferred credit over debit for online retail, travel and digital media. A new study shows paying bills online is now on that list. ... (See Credit vs. debit )

Paying at the pump: Most drivers swipe debit instead of credit -- While credit cards seem an obvious choice for pay-at-the-pump convenience while also potentially earning rewards, more drivers are swiping a debit card for their fill-ups. ... (See Paying at the pump)

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)


 Innovations, features, new products

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Chase rolls out personal loans available to its cardholders -- Chase recently announced it will launch two brand-new personal loan options that will be available to its cardholders. ... (See Chase personal loans)

Marie Kondo's method can be used to organize your finances -- Personal finance experts see value in embracing Netflix star Marie Kondo's organization method in managing your money. Here are five tips for making sure your finances "spark joy." ... (See 'Marie Kondo' your finances)

Apple-Goldman Sachs credit card to launch this spring -- Apple and Goldman Sachs will launch a new joint credit card this spring, according to media reports. It will be linked to new personal finance tools on the iPhone. ... (See Apple-Goldman Sachs credit card)


 Legal, regulatory, privacy issues

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Fed: Card balances jumped by $2.5 billion in January -- Credit card balances were up in January, according to the Federal Reserve?s latest report on consumer credit. ... (See Consumer credit)

Weekly rate report: Average card APR remains at record high of 17.64 percent -- March 6, 2019: The average credit card APR held steady Wednesday after jumping to an all-time high the previous week. ... (See Weekly rate report)

Going cashless: Is your business ready to go cashless? Pros, cons, tips -- If your business is considering going cashless, consider the pros and cons first. Start by knowing your customer base - and learn from experiences of other businesses who've tried to go cashless with mixed results. ... (See Going cashless: Small-business guide)


 Low interest, zero percent cards

View all low interest, zero percent cards stories

Weekly rate report: Average card APR remains at record high of 17.64 percent -- March 6, 2019: The average credit card APR held steady Wednesday after jumping to an all-time high the previous week. ... (See Weekly rate report)

Weekly rate report: Average card APR jumps to record high of 17.64 percent -- February 27, 2019: The average credit card interest rate soared Wednesday to another all-time record high. ... (See Weekly rate report)

Financial advice: A credit card for every decade of your life -- Many issuers target different cards to specific niches of customers, including specific age groups. Here's how to find a credit card that's in sync with your financial goals, no matter what decade of life you're in. ... (See Finding the right credit card)


 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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Cash back alternatives that compete with top travel cards -- Though travel cards sometimes have a better point value, many cash back cards offer rewards rates that make them a better choice. ... (See Cash back cards)

Southwest Airlines debuts flights to Hawaii -- Southwest Airlines has officially started selling tickets to Hawaii. Flights from California to Hawaii are scheduled to begin March 17, 2019, with inter-island routes launching in April. ... (See Southwest Airlines)

Guide to Priority Pass lounges -- This huge collection of airport lounges is a plushy escape for frequent travelers. ... (See Priority Pass lounges)


 Rate report

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Weekly rate report: Average card APR remains at record high of 17.64 percent -- March 6, 2019: The average credit card APR held steady Wednesday after jumping to an all-time high the previous week. ... (See Weekly rate report)

Weekly rate report: Average card APR jumps to record high of 17.64 percent -- February 27, 2019: The average credit card interest rate soared Wednesday to another all-time record high. ... (See Weekly rate report)

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)


 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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Fed: Card balances jumped by $2.5 billion in January -- Credit card balances were up in January, according to the Federal Reserve?s latest report on consumer credit. ... (See Consumer credit)

Weekly rate report: Average card APR remains at record high of 17.64 percent -- March 6, 2019: The average credit card APR held steady Wednesday after jumping to an all-time high the previous week. ... (See Weekly rate report)

Favorite credit card poll: Many stick with the same card at their own expense -- A new CreditCards.com poll finds only 15 percent of Americans have swapped out their go-to credit card in the past year. Meanwhile, 30 percent have never changed the card that sits atop their wallet. ... (See Favorite credit card poll)


 Reward programs

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Cash back alternatives that compete with top travel cards -- Though travel cards sometimes have a better point value, many cash back cards offer rewards rates that make them a better choice. ... (See Cash back cards)

Weekly rate report: Average card APR remains at record high of 17.64 percent -- March 6, 2019: The average credit card APR held steady Wednesday after jumping to an all-time high the previous week. ... (See Weekly rate report)

Small Business Profile: Profit Coach -- Serial entrepreneur Susie Carder has been part of the business world since she was 16 - and shows no signs of slowing down. ... (See Profit Coaching)


 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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Student credit card: When, how, why to graduate to a regular unsecured card -- If you graduated from school, it's also time to graduate from a student credit card to a regular card. Upgrading comes with a few benefits, if you know how to do it right. ... (See Student credit card: How to upgrade)

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 )


 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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Authorized user on employer's business card: Pros, cons, options -- Becoming an authorized user on your employer?s business credit card can boost or hurt your own credit ? it all depends on the card?s standing and your own credit history. ... (See Authorized user on employer's business card)

Best flat-rate cash back credit cards -- If you want to keep it simple and use the same cash back credit card for all of your transactions, which one should you get? These are the best options among flat-rate cash back cards. ... (See Flat-rate cash back cards)

Convenience fees: Can a private preschool charge convenience fees? -- A number of states ban card surcharges. But, depending on the type of business you run and your location, you might be allowed to charge convenience fees or offer cash discounts. ... (See Card surcharges)


Uncategorized

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Federal employees: How to rebuild your credit after a government shutdown -- The recent government shutdown damaged the finances and credit of many federal government employees. Follow these steps to rebuild your finances and be prepared if it happens again. ... (more)

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)