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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New house vs. new cars: Which should I buy first? -- Buying a new house and new vehicles will both impact your score. If you want to make sure you qualify, go with the mortgage first. ... (See Credit impact: New house vs. new car)

Will canceled debt affect my Social Security income? -- Income from canceled debt is taxable, but shouldn't be counted as "earnings" by the Social Security Administration. ... (See Canceled debt)

Using miles to experience an authentic St. Patrick's Day in Ireland -- Rewards redemption tips for a genuine St. Paddy's Day celebration in Ireland. ... (See St. Patrick's Day in Ireland)


 Balance transfer, debt consolidation

View all balance transfer, debt consolidation stories

10 common cash back credit card mistakes -- Signed up for a cash back card but not getting enough love? You might be making one of these common mistakes ... (See Cash back credit card mistakes)

How a balance transfer can negatively impact your credit score -- A balance transfer card can temporarily impact your credit by increasing utilization, reducing length of credit history and adding a new account to your report. ... (See Balance transfer's effect on credit score)

Rate survey: Average card APR stays put at 16.41 percent -- Feb. 14, 2018: The average credit card interest rate remained at a record high Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)


 Best credit cards

View all best credit cards stories

Best Balance Transfer Credit Cards of 2018 -- The Citi Simplicity card takes the prize for best balance transfer card, thanks to its long introductory period and simple payment terms. ... (See Best balance transfer cards)

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 -- Our panel of experts weighs in on the best card to rack up hotel rewards points. ... (See Best hotel cards)


 Breaking news

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5 months after Equifax breach, no new data security rules -- Five months after Equifax data breach, debate over tighter security rules continues – but new tools let individuals lock their credit files. ... (See After Equifax, still no data security rules)

Rate survey: Average card APR stays put at 16.41 percent -- Feb. 14, 2018: The average credit card interest rate remained at a record high Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)

Late payments on cards worsen as balances rise, NY Fed says -- Growing card balances are weighing heavier on consumers' budgets, New York Fed report shows, but problems remain low historically ... (See Credit card delinquencies on the rise)


 Business credit cards

View all business credit cards stories

Rate survey: Average card APR stays put at 16.41 percent -- Feb. 14, 2018: The average credit card interest rate remained at a record high Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)

Am I on the hook for my business's credit card debt? -- If you, the business owner, signed a personal guarantee to get your card, you are liable for the debt ... (See Business credit card debt)

Average card APR breaks new record, climbs to 16.41 percent -- Feb. 7, 2018: The average credit card interest rate smashed another record this week, climbing to an all-time high of 16.41 percent, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)


 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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Airline cards can get you extra perks, even in the cheap seats -- The right airline cards can make rock-bottom fare airline restrictions bearable ... (See Economy fare perks)

10 common cash back credit card mistakes -- Signed up for a cash back card but not getting enough love? You might be making one of these common mistakes ... (See Cash back credit card mistakes)

Rate survey: Average card APR stays put at 16.41 percent -- Feb. 14, 2018: The average credit card interest rate remained at a record high Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)


 Cashing In Q&A columns

View all cashing in q&a columns stories

What do I do if my credit card rewards are stolen? -- Thieves don't just target your credit line, but they can also get to your rewards. Take some safety precautions to make sure you don't lose what you've earned ... (See Stolen card rewards)

When you can and can't transfer points -- If you have points across various loyalty programs, there are few options to transfer ... (See Transferring points)

Best reward cards for paying monthly bills -- If you're putting hundreds of dollars a month on a credit card for your monthly bills, make sure you're using the best reward cards ... (See Monthly bills)


 Credit account management

View all credit account management stories

New house vs. new cars: Which should I buy first? -- Buying a new house and new vehicles will both impact your score. If you want to make sure you qualify, go with the mortgage first. ... (See Credit impact: New house vs. new car)

Using miles to experience an authentic St. Patrick's Day in Ireland -- Rewards redemption tips for a genuine St. Paddy's Day celebration in Ireland. ... (See St. Patrick's Day in Ireland)

Will canceled debt affect my Social Security income? -- Income from canceled debt is taxable, but shouldn't be counted as "earnings" by the Social Security Administration. ... (See Canceled debt)


 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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How to set up the right 'default' card on your mobile wallet -- Default cards on digital wallets such as Samsung Pay and Apple Pay are the new "top of wallet" cards. Use these tips to set up and pick the right one to maximize rewards. ... (See Default cards and digital wallets)

Video: The perfect Valentine's Day on points -- Rich in points, short on cash? We'll show you how to plan the perfect Valentine's Day with your credit card rewards ... (See Video: The perfect Valentine's Day on points)

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)


 Credit scores, credit reports

View all credit scores, credit reports stories

New house vs. new cars: Which should I buy first? -- Buying a new house and new vehicles will both impact your score. If you want to make sure you qualify, go with the mortgage first. ... (See Credit impact: New house vs. new car)

5 months after Equifax breach, no new data security rules -- Five months after Equifax data breach, debate over tighter security rules continues – but new tools let individuals lock their credit files. ... (See After Equifax, still no data security rules)

How a balance transfer can negatively impact your credit score -- A balance transfer card can temporarily impact your credit by increasing utilization, reducing length of credit history and adding a new account to your report. ... (See Balance transfer's effect on credit score)


 Emerging payment systems: Prepaid, debit, gift cards

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

How to set up the right 'default' card on your mobile wallet -- Default cards on digital wallets such as Samsung Pay and Apple Pay are the new "top of wallet" cards. Use these tips to set up and pick the right one to maximize rewards. ... (See Default cards and digital wallets)

Buy bitcoin with credit cards? Big banks say 'no' -- Chase, Bank of America, Citigroup and Lloyds Banking Group are the latest to bar credit card purchases of bitcoin ... (See Card issuers bar bitcoin purchases)

How to get an EIN as a small-business owner -- It can be tough to get an EIN and a business credit card without using your Social Security number. ... (See How to get an EIN)


 Expert Q&A

View all expert q&a stories

New house vs. new cars: Which should I buy first? -- Buying a new house and new vehicles will both impact your score. If you want to make sure you qualify, go with the mortgage first. ... (See Credit impact: New house vs. new car)

Will canceled debt affect my Social Security income? -- Income from canceled debt is taxable, but shouldn't be counted as "earnings" by the Social Security Administration. ... (See Canceled debt)

How a balance transfer can negatively impact your credit score -- A balance transfer card can temporarily impact your credit by increasing utilization, reducing length of credit history and adding a new account to your report. ... (See Balance transfer's effect on credit score)


 Frequent flyer programs, airline rewards

View all frequent flyer programs, airline rewards stories

Using miles to experience an authentic St. Patrick's Day in Ireland -- Rewards redemption tips for a genuine St. Paddy's Day celebration in Ireland. ... (See St. Patrick's Day in Ireland)

Airline cards can get you extra perks, even in the cheap seats -- The right airline cards can make rock-bottom fare airline restrictions bearable ... (See Economy fare perks)

Etiquette guide for 'refer-a-friend' credit card programs -- You want that bonus, but you don't want to lose your friend. Here's how. ... (See Refer-a-friend etiquette)


 Get to the Points

View all get to the points stories

Using miles to experience an authentic St. Patrick's Day in Ireland -- Rewards redemption tips for a genuine St. Paddy's Day celebration in Ireland. ... (See St. Patrick's Day in Ireland)

Using points to stay at all-inclusive resorts -- Using miles and points for airfare and hotels is great, but the costs on the ground can blow your budget. So why not redeem them for an all-inclusive experience? ... (See All-inclusive resorts)

Redeeming miles, points for a 'free' spring break trip -- Redeeming rewards for a whole family during a peak travel time can present some unique challenges. ... (See Spring break)


 Infographics

View all infographics stories

Credit card comeback from recession nearly complete -- New card accounts have risen to the level just below 2007, says American Bankers Association data ... (See Credit card comeback)

Charity Charge nonprofit beneficiaries -- Charity Charge cardholders donate their 1 percent cash back rewards to nonprofits and causes that they select. Beneficiaries are working in local communities and all over the world. ... (See Charity Charge)

Millennials are less financially stressed now -- Millennials' stress about savings, student loans, credit card debt and other financial issues has eased in the past three years, a Bank of America survey finds. ... (See Millennials and financial stress)


 Innovations, features, new products

View all innovations, features, new products stories

How to set up the right 'default' card on your mobile wallet -- Default cards on digital wallets such as Samsung Pay and Apple Pay are the new "top of wallet" cards. Use these tips to set up and pick the right one to maximize rewards. ... (See Default cards and digital wallets)

Etiquette guide for 'refer-a-friend' credit card programs -- You want that bonus, but you don't want to lose your friend. Here's how. ... (See Refer-a-friend etiquette)

Buy bitcoin with credit cards? Big banks say 'no' -- Chase, Bank of America, Citigroup and Lloyds Banking Group are the latest to bar credit card purchases of bitcoin ... (See Card issuers bar bitcoin purchases)


 Legal, regulatory, privacy issues

View all legal, regulatory, privacy issues stories

Will canceled debt affect my Social Security income? -- Income from canceled debt is taxable, but shouldn't be counted as "earnings" by the Social Security Administration. ... (See Canceled debt)

5 months after Equifax breach, no new data security rules -- Five months after Equifax data breach, debate over tighter security rules continues – but new tools let individuals lock their credit files. ... (See After Equifax, still no data security rules)

Rate survey: Average card APR stays put at 16.41 percent -- Feb. 14, 2018: The average credit card interest rate remained at a record high Wednesday, 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

Rate survey: Average card APR stays put at 16.41 percent -- Feb. 14, 2018: The average credit card interest rate remained at a record high Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)

Average card APR breaks new record, climbs to 16.41 percent -- Feb. 7, 2018: The average credit card interest rate smashed another record this week, climbing to an all-time high of 16.41 percent, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Should you postpone retirement to pay off card debt? -- If you are approaching retirement and are still revolving credit card balances, it may be better to keep working until those debts are paid off. ... (See Retirement and card debt)


 Opening Credits

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Can a minor be sued for defaulted card debt? -- Since he was issued the card illegally, and can't repay what he charged, what are the consequences? ... (See Minor opened card)

Tips for getting that first credit card and building credit -- If you're under 21, you have to prove that you have regular income to qualify for a credit card ... (See First credit card)

Am I liable for PayPal debt if I opened an account as a minor? -- If you owe, you should pay, even though PayPal restricts accounts to those under 18, unless authorized by a parent. ... (See PayPal debt)


 Podcast

View all podcast stories

Charged Up! podcast: Learning your money personality - CreditCards.com -- The Money Couple, Bethany and Scott Palmer, talk about the five different personalities and how to learn yours and your partner's. ... (See Podcast on money personalities)

Charged Up! podcast: Tips for the business traveler -- Get tips on strategizing rewards for business travel ... (See Business travel reward strategies)

Charged Up! podcast: Finding your net worth -- If you're uncomfortable at the thought of talking about money, investing, debt or credit, than this podcast is for you. Find out why that conversation is so difficult and how you can get started on controlling your finances ... (See Net worth)


 Products

View all products stories

American Express EveryDay card removes balance transfer fee -- The American Express EveryDay card has removed its balance transfer fee and lengthened the introductory APR on purchases and balance transfers ... (See AmEx EveryDay)

Chase ups United MileagePlus Explorer card's sign-up bonus to 50,000 miles -- The United MileagePlus Explorer card's new promotion, which ends March 15, 2018, lets cardholders earn 50,000 bonus miles after spending $3,000 in the first three months of card membership. ... (See Chase United)

Earn up to 30,000 bonus points with JetBlue cards -- We break down everything you need to know about the JetBlue and JetBlue Plus cards, including which one offers the most valuable sign-up bonus and the most efficient ways to redeem your points. ... (See JetBlue)


 Rate report

View all rate report stories

Rate survey: Average card APR stays put at 16.41 percent -- Feb. 14, 2018: The average credit card interest rate remained at a record high Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)

Average card APR breaks new record, climbs to 16.41 percent -- Feb. 7, 2018: The average credit card interest rate smashed another record this week, climbing to an all-time high of 16.41 percent, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Rate survey: Average card APR ticks up to record 16.39 percent -- Jan. 31, 2018: The average credit card interest rate inched higher this week, breaking another 10-year record, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)


 Reaping Your Rewards

View all reaping your rewards stories

Airline cards can get you extra perks, even in the cheap seats -- The right airline cards can make rock-bottom fare airline restrictions bearable ... (See Economy fare perks)

Which reward is better: cash back or travel? -- Before you get taken in by a great sign-up bonus, make sure you know what reward structure is best. ... (See Cash back or travel rewards?)

5 steps for finding the right rewards card -- There are a lot of offers on the market, but only some worth seriously considering ... (See Finding the right rewards cards)


 Research, statistics

View all research, statistics stories

Rate survey: Average card APR stays put at 16.41 percent -- Feb. 14, 2018: The average credit card interest rate remained at a record high Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)

Credit card rewards use by generation: Who's doing the better job? -- The degree to which cardholders successfully use credit card rewards varies considerably by generation – and not necessarily in ways we may expect. ... (See Credit rewards use by generation)

Late payments on cards worsen as balances rise, NY Fed says -- Growing card balances are weighing heavier on consumers' budgets, New York Fed report shows, but problems remain low historically ... (See Credit card delinquencies on the rise)


 Reward programs

View all reward programs stories

Using miles to experience an authentic St. Patrick's Day in Ireland -- Rewards redemption tips for a genuine St. Paddy's Day celebration in Ireland. ... (See St. Patrick's Day in Ireland)

American Express EveryDay card removes balance transfer fee -- The American Express EveryDay card has removed its balance transfer fee and lengthened the introductory APR on purchases and balance transfers ... (See AmEx EveryDay)

Airline cards can get you extra perks, even in the cheap seats -- The right airline cards can make rock-bottom fare airline restrictions bearable ... (See Economy fare perks)


 Shopping

View all shopping stories

How to set up the right 'default' card on your mobile wallet -- Default cards on digital wallets such as Samsung Pay and Apple Pay are the new "top of wallet" cards. Use these tips to set up and pick the right one to maximize rewards. ... (See Default cards and digital wallets)

Credit card comeback from recession nearly complete -- New card accounts have risen to the level just below 2007, says American Bankers Association data ... (See Credit card comeback)

How to use a cash back card as a savings tool -- With some planning and a strategy, you can save for emergencies or big expenses ... (See Using cash back card for savings)


 Speaking of Credit

View all speaking of credit stories

How a balance transfer can negatively impact your credit score -- A balance transfer card can temporarily impact your credit by increasing utilization, reducing length of credit history and adding a new account to your report. ... (See Balance transfer's effect on credit score)

Can parking tickets still be reported to credit bureaus? -- Credit bureaus have tightened reporting rules, but companies still find ways to report small unpaid bills, such as parking tickets. ... (See Parking tickets in collections)

What to do after defaulting on a credit card -- A defaulted card can seriously hurt your credit, but you can take steps to contain the damage. First in order: paying off the card. ... (See Default card's effect on credit)


 Student credit cards, young credit

View all student credit cards, young credit stories

Tips for getting that first credit card and building credit -- If you're under 21, you have to prove that you have regular income to qualify for a credit card ... (See First credit card)

Millennials are less financially stressed now -- Millennials' stress about savings, student loans, credit card debt and other financial issues has eased in the past three years, a Bank of America survey finds. ... (See Millennials and financial stress)

Everything you need to know about credit cards and sending your child abroad -- Parents should consider adding a credit card for spending and emergencies ... (See Card options for students abroad)


 The Credit Guy

View all the credit guy stories

New house vs. new cars: Which should I buy first? -- Buying a new house and new vehicles will both impact your score. If you want to make sure you qualify, go with the mortgage first. ... (See Credit impact: New house vs. new car)

Card debt payment options for elderly relatives with dementia -- If a relative is unable to take care of credit card debt due to dementia, you have options. ... (See Disabled relatives and credit card debt)

Do I still owe card debt past the statute of limitations? -- Even if your card debt has legally expired, that doesn't mean creditors can't take you to court seeking payment. ... (See Card debt's legal expiration date)


 To Her Credit

View all to her credit stories

How jumping on first card offer can backfire -- If you're new to credit, don't apply for the first card offer you get as it may not be the best deal you can qualify for. ... (See First card offer)

Should I use insurance settlement to pay off card debt? -- A one-time cash infusion may help ward off having to file for bankruptcy. ... (See Insurance settlement)

Should we sell our house to pay husband's secret card debt? -- Getting rid of your house to pay off credit card debt should be a last resort. ... (See Secret debt)


 Your Business Credit

View all your business credit stories

Am I on the hook for my business's credit card debt? -- If you, the business owner, signed a personal guarantee to get your card, you are liable for the debt ... (See Business credit card debt)

How to get an EIN as a small-business owner -- It can be tough to get an EIN and a business credit card without using your Social Security number. ... (See How to get an EIN)

5 loan options to fund your small business -- When a traditional bank loan isn't an available choice, business credit cards and community banks are among the alternatives ... (See 5 business loan options)