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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What new Fed Chair Jerome Powell means for consumers -- While other White House appointees disrupt their agencies, Jerome Powell is expected to continue the Federal Reserve's course of gradually raising interest rates ... (See New Fed Chair Jerome Powell)

Buying rewards points, even at discount, rarely makes sense -- Except for rare circumstances, buying points directly is almost never a good deal. ... (See Buying rewards points)

Laid off? Which rewards cards to keep, discard -- Here's when you should and shouldn't downgrade a rewards card when money is suddenly tight. ... (See Laid off? Deal with your rewards cards)


 Bad credit, credit repair

View all bad credit, credit repair stories

How quickly can my score recover from a late payment? -- You can recoup some of the points lost on your score due a late payment as soon as you mend the error, but undoing the whole damage takes time, discipline and patience. ... (See Late payment's effect on credit score)

Rate survey: Average card APR jumps to all-time high of 16.35 percent -- Jan. 17, 2018: Average credit card interest rates set a new record this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)

8 ways to negotiate better credit card fees, interest and debt -- Under certain circumstances and with the right approach, cardholders may be able to have their interest rates, account fees or even their balances lowered. ... (See Card negotiation tips)


 Balance transfer, debt consolidation

View all balance transfer, debt consolidation stories

Laid off? Which rewards cards to keep, discard -- Here's when you should and shouldn't downgrade a rewards card when money is suddenly tight. ... (See Laid off? Deal with your rewards cards)

4 ways to pay off high-interest card debt -- Options to reduce high-interest card debt include debt settlement, hardship programs and balance transfers ... (See 4 ways to pay off card debt)

Interest rate reversal may be due to military debt protections -- The Servicemembers Civil Relief Act caps interest rates at 6 percent during active duty period. ... (See Interest rate reversal)


 Best credit cards

View all best credit cards stories

Best low interest credit cards of 2018 -- See what our credit cards experts have to say about the three best low-interest cards. ... (See Best low-interest card)

Best Hotel Credit Cards of 2018 | CreditCards.com -- Our panel of experts weighs in on the best card to rack up hotel rewards points. ... (See Best hotel cards)

Best Airline Credit Cards of 2018 | CreditCards.com -- The Alaska Airlines Visa Signature card, with its generous sign-up bonus and money-saving travel perks, is our top airline card. ... (See Best airline cards)


 Breaking news

View all breaking news stories

What new Fed Chair Jerome Powell means for consumers -- While other White House appointees disrupt their agencies, Jerome Powell is expected to continue the Federal Reserve's course of gradually raising interest rates ... (See New Fed Chair Jerome Powell)

Carrying debt while approaching retirement on the rise -- The number of people about to retire, but still carrying debt, is increasing, new research finds ... (See Preretirement debt)

Financial infidelity poll: 31% say hiding accounts worse than cheating -- Survey shows many Americans may prefer to see their partners take secret lovers than hide bank accounts ... (See Financial infidelity)


 Business credit cards

View all business credit cards stories

Can a company reverse a refund, a year later? -- A company says it over-refunded a customer and took the money back. Can they do that? ... (See Reversed refund )

Rate survey: Average card APR jumps to all-time high of 16.35 percent -- Jan. 17, 2018: Average credit card interest rates set a new record this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)

What to do if an employee misuses a corporate card -- If you're a business and issuing employees cards, make sure you have the right system in place to avoid inappropriate charges ... (See Employee misusing company card)


 Canada

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Credit file alerts Canadian equivalent of U.S. freeze -- Americans can order credit bureaus to "freeze" third parties -- including creditors -- from viewing their credit profile. Canadians don't have such tough credit file protections ... (See File alerts)

A breakdown of contactless payments -- Wondering exactly how contactless payments work? This illustration breaks it down ... (See Contactless breakdown)

How credit card interest works -- You might know what your credit card's interest rate is, but do you know how interest really works? Here's everything you need to know about your card's APR ... (See Interest)


 Cash back cards

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Laid off? Which rewards cards to keep, discard -- Here's when you should and shouldn't downgrade a rewards card when money is suddenly tight. ... (See Laid off? Deal with your rewards cards)

5 ways to maximize card rewards earning potential -- Whether you’ve just dabbled with card rewards or want to get in on the game, here are five tips to help you gain traction. ... (See Earning card rewards)

Rewards options when you have too many points -- You've saved up hundreds of thousands of credit card reward points. What are your options? ... (See Spending reward points)


 Cashing In Q&A columns

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Buying rewards points, even at discount, rarely makes sense -- Except for rare circumstances, buying points directly is almost never a good deal. ... (See Buying rewards points)

Will I lose elite status if I transfer my airline card's balance? -- An airline credit card holder won't lose miles earned toward elite status if the card's balance is transferred to a lower interest credit card. ... (See Keeping elite status with airline card)

Limits on category bonuses - CreditCards.com -- If you're planning on spending a lot on a card in a certain category, make sure you know the limit to what you can earn so you can maximize your rewards ... (See Category bonus limits)


 Credit account management

View all credit account management stories

What new Fed Chair Jerome Powell means for consumers -- While other White House appointees disrupt their agencies, Jerome Powell is expected to continue the Federal Reserve's course of gradually raising interest rates ... (See New Fed Chair Jerome Powell)

Laid off? Which rewards cards to keep, discard -- Here's when you should and shouldn't downgrade a rewards card when money is suddenly tight. ... (See Laid off? Deal with your rewards cards)

Financial infidelity poll: 31% say hiding accounts worse than cheating -- Survey shows many Americans may prefer to see their partners take secret lovers than hide bank accounts ... (See Financial infidelity)


 Credit Card Help

View all credit card help stories

Chart: 2017 Retail Store Card Survey data -- If you're looking for a retail card, look no further than our 2017 compilation of data. ... (See Chart: 2016 Retail Store Card Survey data)

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)


 Credit card videos

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Video: Holiday credit card perks -- As you splurge on holiday gifts for friends and family, be sure to take advantage of the extra credit cards perks available during the holiday season. ... (See Video: Holiday credit card perks)

Video: Planning for a baby with the right card -- Babies bring love, joy - and bills. Strategize early how you’ll pay those bills to make the transition easier and help you bank some much-needed credit card rewards in the process ... (See Video: baby planning and credit cards)

Video: Black Friday survival guide -- Black Friday means deep discounts, large crowds, and hectic environments. Use these tips to help you survive the madness. ... (See Black Friday survival guide)


 Credit scores, credit reports

View all credit scores, credit reports stories

Laid off? Which rewards cards to keep, discard -- Here's when you should and shouldn't downgrade a rewards card when money is suddenly tight. ... (See Laid off? Deal with your rewards cards)

Financial infidelity poll: 31% say hiding accounts worse than cheating -- Survey shows many Americans may prefer to see their partners take secret lovers than hide bank accounts ... (See Financial infidelity)

4 ways to pay off high-interest card debt -- Options to reduce high-interest card debt include debt settlement, hardship programs and balance transfers ... (See 4 ways to pay off card debt)


 Emerging payment systems: Prepaid, debit, gift cards

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

Can a company reverse a refund, a year later? -- A company says it over-refunded a customer and took the money back. Can they do that? ... (See Reversed refund )

EMV debit card payment prompts create confusion -- Customers face multiple payment options when paying with chipped debit cards ... (See EMV debit card confusion)

Reselling a gift card? This is peak season for scam -- If you received gift cards you’re unlikely to use, be careful if you try to sell or cash them online. Other options include gift card exchanges, a new app, Target stores, kiosks and donating card to charity. ... (See How to avoid gift card scams)


 Expert Q&A

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Buying rewards points, even at discount, rarely makes sense -- Except for rare circumstances, buying points directly is almost never a good deal. ... (See Buying rewards points)

Can a company reverse a refund, a year later? -- A company says it over-refunded a customer and took the money back. Can they do that? ... (See Reversed refund )

4 ways to pay off high-interest card debt -- Options to reduce high-interest card debt include debt settlement, hardship programs and balance transfers ... (See 4 ways to pay off card debt)


 Frequent flyer programs, airline rewards

View all frequent flyer programs, airline rewards stories

Buying rewards points, even at discount, rarely makes sense -- Except for rare circumstances, buying points directly is almost never a good deal. ... (See Buying rewards points)

Laid off? Which rewards cards to keep, discard -- Here's when you should and shouldn't downgrade a rewards card when money is suddenly tight. ... (See Laid off? Deal with your rewards cards)

5 ways to maximize card rewards earning potential -- Whether you’ve just dabbled with card rewards or want to get in on the game, here are five tips to help you gain traction. ... (See Earning card rewards)


 Get to the Points

View all get to the points stories

Act fast when bad weather crashes your vacation plans -- Trip-delay protections on your credit card can help when your flight is canceled or delayed. ... (See Trip cancellation)

Using points for a ski resort vacation -- You can get a tremendous return on using points for on-mountain hotels during ski season. ... (See Using rewards for ski vacation)

What is the Chase '5/24 rule' and how it works - CreditCards.com -- The Chase 5/24 rule can put the brakes on seasoned rewards card holders looking for a new deal. ... (See The Chase 5/24 rule)


 Infographics

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Carrying debt while approaching retirement on the rise -- The number of people about to retire, but still carrying debt, is increasing, new research finds ... (See Preretirement debt)

Financial setbacks common, and we expect to pay for them with credit -- Poll shows that people are more likely to reach for credit cards than savings if emergency hits ... (See Financial setbacks poll)

Infographic: Gen X most anxious about retirement - CreditCards.com -- Americans age 37-51 have the least confidence they will have enough money to last their lifetimes ... (See Gen)


 Innovations, features, new products

View all innovations, features, new products stories

EMV debit card payment prompts create confusion -- Customers face multiple payment options when paying with chipped debit cards ... (See EMV debit card confusion)

Product return assistance: a disappearing perk -- Credit card return assistance programs extend the window for refunds on products you've bought with the card. But they're more rare than in the past. ... (See Return assistance)

Hot, new rewards cards to debut in 2018 - CreditCards.com -- Which rewards cards will be hot in the coming year, and which ones will be on their way out. ... (See Rewards cards 2018)


 Legal, regulatory, privacy issues

View all legal, regulatory, privacy issues stories

What new Fed Chair Jerome Powell means for consumers -- While other White House appointees disrupt their agencies, Jerome Powell is expected to continue the Federal Reserve's course of gradually raising interest rates ... (See New Fed Chair Jerome Powell)

Interest rate reversal may be due to military debt protections -- The Servicemembers Civil Relief Act caps interest rates at 6 percent during active duty period. ... (See Interest rate reversal)

Rate survey: Average card APR jumps to all-time high of 16.35 percent -- Jan. 17, 2018: Average credit card interest rates set a new record this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)


 Low interest, zero percent cards

View all low interest, zero percent cards stories

4 ways to pay off high-interest card debt -- Options to reduce high-interest card debt include debt settlement, hardship programs and balance transfers ... (See 4 ways to pay off card debt)

Rate survey: Average card APR jumps to all-time high of 16.35 percent -- Jan. 17, 2018: Average credit card interest rates set a new record this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)

Instant, in-store credit: Convenience comes at a price -- Instant credit is geared to helping you face unexpectedly large bills, but convenience could come at a price. ... (See Instant credit)


 Opening Credits

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Can a minor be charged for credit card theft? -- If the thief used the stolen card to purchase items, that is considered fraud, though the penalty for minors may not be harsh. ... (See Card theft by a minor)

Chargeback rules for undelivered purchases - CreditCards.com -- Two federal laws protect consumers from being charged for items that never arrive as promised. ... (See Chargeback rules)

What does annual net income on a card application mean? - CreditCards.com -- Annual net income is how much money you earn a year after taxes and other deductions. ... (See Reporting income on card applications)


 Podcast

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Charged Up! podcast: Stop shopping for one year -- Author Cait Flanders didn't shop for a year, which helped her to get out of debt and start saving ... (See Podcast with Cait Flanders)

Charged Up! podcast: Running a successful one-person business - CreditCards.com -- Financial journalist and author Elaine Pofeldt describes the difference between a $1 million, one-person business and one that is just getting by ... (See Podcast with Elaine Pofeldt)

Charged Up! podcast: Making your financial goals stick - CreditCards.com -- If you've made a resolution to get your finances and credit under control this year, there are some key strategies to making those goals stick and making this your best year ever ... (See Charged Up! podcast on financial goals)


 Products

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AmEx Hilton cards debut with 100,000-point sign-up bonus -- In addition to refreshing the Hilton Honors card and the Hilton Honors Surpass card with changes that include an increased sign-up bonus and new card name, American Express has launched two new Hilton products – a business card and a luxury card. ... (See AmEx Hilton cards)

PenFed launches a new travel card that rewards you for everyday purchases -- In addition to offering up to 4 points per dollar on travel purchases, the new PenFed Pathfinder Rewards American Express card offers a 25,000-point sign-up bonus and a 0-percent intro APR on balance transfers for a limited time. ... (See PenFed)

Navy Federal removes balance transfer fees for a limited time -- Navy Federal Credit Union has announced a limited-time promotion that pffers new and existing cardholders a fee-free 0-percent APR on balance transfers for 12 months. ... (See Balance transfer cards)


 Rate report

View all rate report stories

Rate survey: Average card APR jumps to all-time high of 16.35 percent -- Jan. 17, 2018: Average credit card interest rates set a new record this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)

Rate survey: Average card APR remains at record high of 16.32 percent - CreditCards.com -- Jan. 10, 2018: The average credit card APR held steady at 16.32 percent this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)

Rate survey: Average card APR climbs to record high of 16.32 percent -- Jan. 3, 2018: The average credit card APR shot up again this week after multiple lenders hiked rates, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)


 Reaping Your Rewards

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Rewards options when you have too many points -- You've saved up hundreds of thousands of credit card reward points. What are your options? ... (See Spending reward points)

To maximize airline travel points, fly off-peak -- If you can learn to like traveling when others are not, you have the best chance of snagging an empty seat at a great rate ... (See Fly off-peak)

How to earn extra points with Amazon - CreditCards.com -- If you're a fan of Amazon, don't let all that spending go to waste. There are some ways you can increase the amount of rewards you get every time you buy online ... (See Earning points with Amazon)


 Research, statistics

View all research, statistics stories

Carrying debt while approaching retirement on the rise -- The number of people about to retire, but still carrying debt, is increasing, new research finds ... (See Preretirement debt)

Financial infidelity poll: 31% say hiding accounts worse than cheating -- Survey shows many Americans may prefer to see their partners take secret lovers than hide bank accounts ... (See Financial infidelity)

Research: Sunny days increase credit card spending -- As the mercury rises, research shows we tend to spend a bit more carelessly ... (See How weather affects card spending)


 Reward programs

View all reward programs stories

Buying rewards points, even at discount, rarely makes sense -- Except for rare circumstances, buying points directly is almost never a good deal. ... (See Buying rewards points)

Laid off? Which rewards cards to keep, discard -- Here's when you should and shouldn't downgrade a rewards card when money is suddenly tight. ... (See Laid off? Deal with your rewards cards)

5 ways to maximize card rewards earning potential -- Whether you’ve just dabbled with card rewards or want to get in on the game, here are five tips to help you gain traction. ... (See Earning card rewards)


 Shopping

View all shopping stories

Carrying debt while approaching retirement on the rise -- The number of people about to retire, but still carrying debt, is increasing, new research finds ... (See Preretirement debt)

Research: Sunny days increase credit card spending -- As the mercury rises, research shows we tend to spend a bit more carelessly ... (See How weather affects card spending)

EMV debit card payment prompts create confusion -- Customers face multiple payment options when paying with chipped debit cards ... (See EMV debit card confusion)


 Speaking of Credit

View all speaking of credit stories

How quickly can my score recover from a late payment? -- You can recoup some of the points lost on your score due a late payment as soon as you mend the error, but undoing the whole damage takes time, discipline and patience. ... (See Late payment's effect on credit score)

Pay for delete: When it helps credit score, and when it doesn't -- If you think 'pay-for-delete' practices are a surefire way to boost your score, think again. They only solve one piece of the scoring puzzle. ... (See Pay-for-delete and credit score)

Is bankruptcy discharge a credit scoring factor? - CreditCards.com -- Expect no change on your credit score when bankruptcy's discharged. For scoring purposes, it's the date it was filed what counts. ... (See Bankruptcy discharge and credit score)


 Student credit cards, young credit

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Two 'safe' ways to build credit using cards - CreditCards.com -- The right credit card can help you build strong credit. Either piggybacking or going solo, responsible cardholder behavior is key. ... (See Using cards to build credit)

5 books, 4 movies to learn more about personal finance -- Further your and your family's money savvy with these expert-picked flicks, reads ... (See Books, movies about personal finance)

Should I go into credit card debt to change careers? -- Considering charging thousands of dollars in online courses on your card to jump-start your career? Spend some time doing research first. ... (See Credit card debt and changing careers)


 The Credit Guy

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4 ways to pay off high-interest card debt -- Options to reduce high-interest card debt include debt settlement, hardship programs and balance transfers ... (See 4 ways to pay off card debt)

When is the right time to ask for a credit-limit increase? -- Considering asking for a credit-limit increase just a few months after opening a card? Not so fast. It can backfire and hurt your credit. ... (See Asking for a credit-limit increase)

Two 'safe' ways to build credit using cards - CreditCards.com -- The right credit card can help you build strong credit. Either piggybacking or going solo, responsible cardholder behavior is key. ... (See Using cards to build credit)


 To Her Credit

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Interest rate reversal may be due to military debt protections -- The Servicemembers Civil Relief Act caps interest rates at 6 percent during active duty period. ... (See Interest rate reversal)

Remove authorized users before filing for bankruptcy -- When things start to go south, immediately remove any authorized users to prevent bad credit marks from showing on their credit reports. ... (See Authorized users)

Avoid paying interest during your card's grace period - CreditCards.com -- There are two ways to pay off a balance and one saves you from paying interest. ... (See Grace periods)


 Your Business Credit

View all your business credit stories

Can a company reverse a refund, a year later? -- A company says it over-refunded a customer and took the money back. Can they do that? ... (See Reversed refund )

What to do if an employee misuses a corporate card -- If you're a business and issuing employees cards, make sure you have the right system in place to avoid inappropriate charges ... (See Employee misusing company card)

Help! I used the company card for personal expenses by mistake - CreditCards.com -- What to do if you use your corporate credit card for a personal expense ... (See Corporate credit card)