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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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)

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)

Pay down debt using snowflake method -- With the snowflake method, daily or weekly savings add up. Apply your snowflake savings weekly to your credit card debt to get your balance to zero faster. ... (See Snowflake method do pay down debt)


 Balance transfer debt consolidation

View all balance transfer debt consolidation stories

Rate survey: Average card APR breaks new record, climbing to 16.81 percent -- June 20, 2018: The average credit card interest rate soared to another 10-year high this week after the Federal Reserve increased its benchmark interest rate by a quarter of a percent ... (See Rate report)

Rate survey: Average card APR remains at record high of 16.75 percent -- June 13, 2018: The average credit card interest rate held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (more)

Rate survey: Average card APR breaks new record, climbing to 16.75 percent -- June 7, 2018 The average credit card interest rate sailed to another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (more)


 Breaking news

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Supreme Court expands online sales tax collection -- Consumers will pay more for many out-of-state transactions as result of high court's decision in an online retail case ... (See Sales taxes on online transactions)

Rate survey: Average card APR breaks new record, climbing to 16.81 percent -- June 20, 2018: The average credit card interest rate soared to another 10-year high this week after the Federal Reserve increased its benchmark interest rate by a quarter of a percent ... (See Rate report)

Poll: 2 out of 5 Americans think age, marital status affect credit score -- More people are checking their credit scores than four years ago, but about 40 percent of consumers have misconceptions about what affects your credit ... (See Credit scores )


 Business credit, business cards

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The best business credit card perks you're probably not using -- From cellphone protection to airport lounge access, here are some of the best business card perks you might have been overlooking ... (See Little-known business credit card perks)

Rate survey: Average card APR breaks new record, climbing to 16.81 percent -- June 20, 2018: The average credit card interest rate soared to another 10-year high this week after the Federal Reserve increased its benchmark interest rate by a quarter of a percent ... (See Rate report)

Best credit cards for travel insurance -- From trip cancellation and travel accident to baggage delay and rental car protection, these credit cards' travel insurance perks have you covered. ... (See Best cards for travel insurance)


 Business travel

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The best business credit card perks you're probably not using -- From cellphone protection to airport lounge access, here are some of the best business card perks you might have been overlooking ... (See Little-known business credit card perks)

Best credit cards for travel insurance -- From trip cancellation and travel accident to baggage delay and rental car protection, these credit cards' travel insurance perks have you covered. ... (See Best cards for travel insurance)

Corporate or personal card for business expenses? -- Should you accept a corporate card for business expenses or use your personal card and get reimbursed? Key factors to weigh: Who pays the annual fee and who gets the rewards. ... (See Corporate or personal card?)


 Cash back cards

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Rate survey: Average card APR breaks new record, climbing to 16.81 percent -- June 20, 2018: The average credit card interest rate soared to another 10-year high this week after the Federal Reserve increased its benchmark interest rate by a quarter of a percent ... (See Rate report)

Maximize savings on in-store shopping using rewards cards -- Against all odds, brick-and-mortar stores are alive and kicking – and you can use your cards to maximize savings on in-store shopping. ... (See In-store shopping savings)

AmEx’s new Cash MagnetSM card offers a $300 bonus and 1.5 percent back on every purchase -- American Express has launched a new, flat-rate cash back card that lets cardholders earn up to $300 back for a limited time. ... (See Cash back)


 Cashing In Q&A columns

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With rewards cards, which expenses count as travel for bonus rewards? -- With rewards credit cards, "travel expense" covers a few surprises. Beyond airfare, hotels and rental cars, sometimes ride-shares, vacation rentals and even parking count as travel expenses. ... (See What counts as a travel expense?)

10 credit and money tips for travel abroad -- Traveling outside the U.S.? Plan now which cards to take to avoid fees and ensure your vacation goes smoothly. For example, take cards that have charge no foreign transaction fees. ... (See Card tips for travel abroad)

Should I shop at Whole Foods if I have an Amazon credit card? -- With 5 percent back at Whole Foods with an Amazon credit card, it can be tempting to shop there. But you'll need to do the math to see if you'll actually save money ... (See Amazon - Whole Foods)


 Credit account management

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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)

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)

Pay down debt using snowflake method -- With the snowflake method, daily or weekly savings add up. Apply your snowflake savings weekly to your credit card debt to get your balance to zero faster. ... (See Snowflake method do pay down debt)


 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

View all credit scores, credit reports stories

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)

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)

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)


 Emerging payment systems: Prepaid, debit, gift cards

View all emerging payment systems: prepaid, debit, gift cards stories

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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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)

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)

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)


 Fine Print

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When is a charge on a credit card unauthorized? -- Unauthorized charges on credit cards are forbidden, but what happens when the charge was made by a company you deal with on an ongoing basis? ... (See Unauthorized credit card charges)

Can you cancel your Amazon Prime, Costco memberships and keep using their cards? -- If you cancel a retailer's membership, can you keep using a credit card issued by them? We analyzed two cases: Amazon Prime and Costco. ... (See Retailer membership and credit cards)

Should I get my favorite brand's credit card? -- If you're a fan of a certain brand, you may be tempted to sign-up for their credit card to earn points toward future purchases. But, many of the big brand cards don't offer as much in rewards as a straight travel or cash back card ... (See Big brands and credit card rewards)


 Frequent flyer programs, airline rewards

View all frequent flyer programs, airline rewards stories

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)

The best business credit card perks you're probably not using -- From cellphone protection to airport lounge access, here are some of the best business card perks you might have been overlooking ... (See Little-known business credit card perks)

Guide to the Bank of America® Cash Rewards card -- Learn how to use and maximize the cash back rewards program on the Bank of America Cash Rewards card. ... (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

View all have cards, will travel stories

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)

How to earn an exotic vacation at the grocery store -- You can earn an exotic vacation by using the right credit card when you fill your shopping cart at the grocery store. Start with a goal, and use the card that will help you achieve it. ... (See Earn a vacation at the grocery store)


 Infographics

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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)

Americans are more focused on their waistlines than their bottom line -- Americans are more focused on their waistlines than their bottom lines, a TD Bank survey finds. Millennials, though, buck the trend. They put financial goals ahead of health goals. ... (See Health and financial goals)

Millennials redeem card rewards for travel the most; silent generation the least -- Millennials are the biggest travel rewards redeemers, a Discover survey finds. The silent generation redeems rewards for travel the least. ... (See Travel rewards and generations)


 Innovations, features, new products

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TSA Precheck, Global Entry credits now offered on lower-annual-fee cards -- Credits for TSA Precheck and Global Entry that used to be offered only on premium rewards cards are now available with a handful of $85-$95 annual fee travel credit cards. ... (See TSA Precheck, Global Entry credits)

AmEx to roll out credit card made from ocean plastic -- Credit cards aren't known for being environmentally friendly, but a new card from American Express may change that ... (See AmEx card ocean plastic)

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)


 Legal, regulatory, privacy issues

View all legal, regulatory, privacy issues stories

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)

Supreme Court expands online sales tax collection -- Consumers will pay more for many out-of-state transactions as result of high court's decision in an online retail case ... (See Sales taxes on online transactions)

Rate survey: Average card APR breaks new record, climbing to 16.81 percent -- June 20, 2018: The average credit card interest rate soared to another 10-year high this week after the Federal Reserve increased its benchmark interest rate by a quarter of a percent ... (See Rate report)


 Low interest, zero percent cards

View all low interest, zero percent cards stories

Rate survey: Average card APR breaks new record, climbing to 16.81 percent -- June 20, 2018: The average credit card interest rate soared to another 10-year high this week after the Federal Reserve increased its benchmark interest rate by a quarter of a percent ... (See Rate report)

How fixed-rate cards can protect you against Fed rate hikes -- Though hard to find, fixed-rate cards are a safeguard if you must carry a balance. ... (See Fixed-rate cards)

Compare card offers to score the best deal -- Sign-up bonuses, 0 percent interest periods and even interest rates can vary, sometimes by a wide margin. ... (See Compare card offers for best deal)


 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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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)

Don't wait until due date to pay first card bill -- To make sure your scores are not affected by any charged amount, large or small, is to pay what you’ve charged immediately. ... (See First card due date)


 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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Guide to the Bank of America® Cash Rewards card -- Learn how to use and maximize the cash back rewards program on the Bank of America Cash Rewards card. ... (more)

Chase Sapphire Preferred vs. American Express Premier Rewards Gold: Which is best? -- When choosing between the Chase Sapphire Preferred card and the American Express Premier Rewards Gold card, it's important to consider what you're looking for in a card and how much you're willing to pay for extra perks and services. ... (See Rewards cards)

AmEx’s new Cash MagnetSM card offers a $300 bonus and 1.5 percent back on every purchase -- American Express has launched a new, flat-rate cash back card that lets cardholders earn up to $300 back for a limited time. ... (See Cash back)


 Rate report

View all rate report stories

Rate survey: Average card APR breaks new record, climbing to 16.81 percent -- June 20, 2018: The average credit card interest rate soared to another 10-year high this week after the Federal Reserve increased its benchmark interest rate by a quarter of a percent ... (See Rate report)

Rate survey: Average card APR remains at record high of 16.75 percent -- June 13, 2018: The average credit card interest rate held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (more)

Rate survey: Average card APR breaks new record, climbing to 16.75 percent -- June 7, 2018 The average credit card interest rate sailed to another record high this week, 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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Rate survey: Average card APR breaks new record, climbing to 16.81 percent -- June 20, 2018: The average credit card interest rate soared to another 10-year high this week after the Federal Reserve increased its benchmark interest rate by a quarter of a percent ... (See Rate report)

Poll: 2 out of 5 Americans think age, marital status affect credit score -- More people are checking their credit scores than four years ago, but about 40 percent of consumers have misconceptions about what affects your credit ... (See Credit scores )

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)


 Reward programs

View all reward programs stories

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)

Rate survey: Average card APR breaks new record, climbing to 16.81 percent -- June 20, 2018: The average credit card interest rate soared to another 10-year high this week after the Federal Reserve increased its benchmark interest rate by a quarter of a percent ... (See Rate report)

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)


 Speaking of Credit

View all speaking of credit stories

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)

Will closing card with a remaining balance hurt my credit? -- Closing a card with a remaining balance might affect your score if your other balances are high, but the effect won't be immediate. ... (See Closing card with remaining balance)


 Student credit cards, young credit

View all student credit cards, young credit stories

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)

New Barclays Upromise World Mastercard to offer 1.25 percent back on every purchase -- Saving for college is about to get even more rewarding – thanks to an upgraded offer for the Upromise Mastercard. ... (See Upromise)


 To Her Credit

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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)

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)


 Videos

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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)

Card or cash? When traveling abroad, you often need both -- Credit card or cash? When you travel abroad, you need both plastic and local currency, as some places take cards and some are cash only ... (See Cards or cash for travel abroad?)


 Your Business Credit

View all your business credit stories

Should I max out my credit card to finance my startup? -- Maxing out your credit card to launch a startup can be risky; there are other ways to finance your business without incurring card deb. ... (See Startups and card debt)

Which business credit card should I use for office supplies? -- These business credit cards can help you score more rewards if you purchase a lot of office supplies. ... (See Business credit cards for office supplies)

What are some low-cost options to process credit cards for my business? -- Square, Clover and PayPal are three choices (among others), but each has unique features ... (See Credit card processing)