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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Improve your spouse’s credit score: 5 tips -- Many marriages include one spouse with good credit and another with bad or no credit. Here's how "good credit" spouse can lift "bad credit" - without driving each other nuts ... (See Improve spouse's credit score)

Beware change fees with award tickets -- If you are planning to book airline tickets with your credit card points, know what kind of fees the airline will impose if you later have to change or cancel the ticket ... (See Ticket fees)

Paying off in full vs. settling maxed-out card debt -- If you find yourself with enough cash to pay off maxed-out card debt, consider your options first, including impact on your score, taxes and fees. ... (See Paying off maxed-out card)


 Balance transfer

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Rate survey: Average card APR breaks record, climbing to 16.68 percent -- April 25, 2018: The average credit card interest rate recorded another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

When to be on the lookout for a credit card upsell -- How to combat the constant barrage of card offers you get from everyone from your insurance provider to your favorite store. ... (See Credit card upsell)

Individual vs. combined utilization: Which one has greater effect on score? -- Having at least one card with high utilization can hurt your score, even if your overall utilization is low. Here's what to do. ... (See Individual vs. combined credit utilization)


 Breaking news

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Rate survey: Average card APR breaks record, climbing to 16.68 percent -- April 25, 2018: The average credit card interest rate recorded another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Rate survey: Average card APR climbs to new high of 16.65 percent -- April 18, 2018: The average credit card interest rate smashed another record Wednesday, climbing to an all-time high of 16.65 percent, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

CFPB considers deleting complaints from website -- CFPB acting director John M. 'Mick" Mulvaney said deleting public database of consumer complaints about companies is an option ... (See CFPB complaint database)


 Business credit, business cards

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Rate survey: Average card APR breaks record, climbing to 16.68 percent -- April 25, 2018: The average credit card interest rate recorded another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Entertaining clients on a business credit card: Tips to do it right -- Business credit card rewards, concierge services and loyalty programs can help business owners bear the cost of client entertainment. ... (See Entertaining clients on a business credit card)

Which business credit card should our church sign up for? -- If you have a small business or nonprofit organization and need a business credit card, there are several options to help you get started on credit with little risk ... (See Choosing a small business 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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Beware change fees with award tickets -- If you are planning to book airline tickets with your credit card points, know what kind of fees the airline will impose if you later have to change or cancel the ticket ... (See Ticket fees)

Rate survey: Average card APR breaks record, climbing to 16.68 percent -- April 25, 2018: The average credit card interest rate recorded another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Using points to visit national parks -- While visiting a national park might get you off the grid, you can use your credit card rewards beforehand to get you there for free ... (See National parks)


 Cashing In Q&A columns

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Can I sign up for the same card twice and get the sign-up bonus? -- If you already received a sign-up bonus for a credit card and closed it, in some cases you can sign up for the same card again and get the points ... (See Getting the same card twice)

Is it worth it to transfer Hilton hotel points to American Airlines? -- If you want to transfer hotel points to an airline to get a free flight, check the transfer ratio first to make sure you're not losing value ... (See Transferring points)

How to keep your points when you cancel a card -- When canceling a card, you may lose your points, but in many cases, you won't ... (See Keeping rewards)


 Credit account management

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Improve your spouse’s credit score: 5 tips -- Many marriages include one spouse with good credit and another with bad or no credit. Here's how "good credit" spouse can lift "bad credit" - without driving each other nuts ... (See Improve spouse's credit score)

Beware change fees with award tickets -- If you are planning to book airline tickets with your credit card points, know what kind of fees the airline will impose if you later have to change or cancel the ticket ... (See Ticket fees)

Paying off in full vs. settling maxed-out card debt -- If you find yourself with enough cash to pay off maxed-out card debt, consider your options first, including impact on your score, taxes and fees. ... (See Paying off maxed-out card)


 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 card videos

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Video: 4 times you should close a card -- Here are four times you should consider closing a card, even if it means dinging your credit score ... (See Closing a card)

Video: What are credit card grace periods? -- If you pay your credit card balance in full and on time each month, interest does not start charging immediately on new purchases. This is called a grace period. Let’s see why grace periods are so awesome ... (See Video: A credit card's grace period)

Video: Four times to open a new card -- Getting bogged down with card offers but not sure about adding more plastic to your wallet? Here are four times we think you should definitely take the plunge. ... (more)


 Credit scores, credit reports

View all credit scores, credit reports stories

Improve your spouse’s credit score: 5 tips -- Many marriages include one spouse with good credit and another with bad or no credit. Here's how "good credit" spouse can lift "bad credit" - without driving each other nuts ... (See Improve spouse's credit score)

Paying off in full vs. settling maxed-out card debt -- If you find yourself with enough cash to pay off maxed-out card debt, consider your options first, including impact on your score, taxes and fees. ... (See Paying off maxed-out card)

Rate survey: Average card APR breaks record, climbing to 16.68 percent -- April 25, 2018: The average credit card interest rate recorded another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)


 Emerging payment systems: Prepaid, debit, gift cards

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

Card reward tips to save on baby and bridal shower gifts -- When buying bridal and baby shower gifts, you can use your credit card rewards to rack up points and cut your costs. One tip: Put a group gift on your card to get all the points. ... (See Baby and bridal showers)

Baseball fans, swipe your credit card for 'Ice cold beer here!’ -- MLB vendor Aramark will arm its in-seat food and beverage sellers with card payment systems for the 2018 season. ... (See Baseball vendors accepting credit cards)

4 cooler ways to redeem cash back rewards -- You can offset your statement charges, but you could also put that extra cash toward investing or your favorite charity. ... (See Cash back rewards)


 Expert Q&A

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Paying off in full vs. settling maxed-out card debt -- If you find yourself with enough cash to pay off maxed-out card debt, consider your options first, including impact on your score, taxes and fees. ... (See Paying off maxed-out card)

Do student loans, work study, qualify as income on card application? -- Card issuers have different policies on what can be considered income on a credit card application. ... (See Qualifying income on card application)

Can I sign up for the same card twice and get the sign-up bonus? -- If you already received a sign-up bonus for a credit card and closed it, in some cases you can sign up for the same card again and get the points ... (See Getting the same card twice)


 Frequent flyer programs, airline rewards

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Beware change fees with award tickets -- If you are planning to book airline tickets with your credit card points, know what kind of fees the airline will impose if you later have to change or cancel the ticket ... (See Ticket fees)

Why savvy points earners always pick up the check -- In the world of credit card rewards, there are literally hundreds of points on the table every single time you dine out ... (See Pick up the check to earn rewards)

6 hotels with water parks you can book with points -- How hotel points can provide a place to sleep as well as provide entertainment with access to world-class pool complexes ... (See Hotels with water parks)


 Get to the Points

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6 hotels with water parks you can book with points -- How hotel points can provide a place to sleep as well as provide entertainment with access to world-class pool complexes ... (See Hotels with water parks)

Airline, hotel rewards card trends to watch for -- Issuers are honing in on giving bigger bonuses to a select few, and reward those who continue to use their cards long after the welcome bonus has been achieved. ... (See Rewards card trends)

4 countries where you can stretch your hotel points -- The U.S. isn’t always where you can get the biggest bang for your points when it comes time to redeem. ... (See Hotel redemption deals)


 Have Cards, Will Travel

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Why savvy points earners always pick up the check -- In the world of credit card rewards, there are literally hundreds of points on the table every single time you dine out ... (See Pick up the check to earn rewards)

Children flying solo? How to save on unaccompanied minor fees -- When buying airfare for an unaccompanied minor, you may be able to pay with your card points and use a premium card's travel credits to cover the added fees. ... (See Save on airfare for unaccompanied minors)

How points and miles can make first-class flights affordable -- Credit card points and miles can make first-class flights affordable. ... (See Points, miles and flying first class)


 Infographics

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More millennials have credit card debt than student loans -- More millennials have credit card debt than student loans, a NBC News/GenForward survey finds. ... (See Millennials and credit card debt)

Americans going cashless varies by age and region -- While three in 10 Americans say they never or rarely carry cash anymore, millennial women in the the Southeast and Southwest are leading the way, a Capital One study finds. ... (See Americans are going cashless)

Cardholders desire security features from their mobile wallets -- The No. 1 desired mobile wallet feature: A "No, I didn't buy that" button. ... (See Mobile wallet security)


 Innovations, features, new products

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'FOMO,' 'likes' and card debt: How Facebook might lead you to overspend -- Facebook's business model makes it easy for advertisers to know almost everything about you, increasing the chances you overspend. Here's what you can do. ... (See Facebook and overspending)

New Visa chargeback system aims to speed dispute resolution -- A new Visa chargeback system will speed the dispute process for consumers and cut fraud and costs for merchants. ... (See New Visa chargeback system)

Cardholders desire security features from their mobile wallets -- The No. 1 desired mobile wallet feature: A "No, I didn't buy that" button. ... (See Mobile wallet security)


 Legal, regulatory, privacy issues

View all legal, regulatory, privacy issues stories

Rate survey: Average card APR breaks record, climbing to 16.68 percent -- April 25, 2018: The average credit card interest rate recorded another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Spendthrift daughter racks up thousands on mom's card -- After racking up $1,500 in charges, mom told her to stop, but then she kept on spending. ... (See Spendthrift daughter)

Rate survey: Average card APR climbs to new high of 16.65 percent -- April 18, 2018: The average credit card interest rate smashed another record Wednesday, climbing to an all-time high of 16.65 percent, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)


 Low interest, zero percent cards

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Rate survey: Average card APR breaks record, climbing to 16.68 percent -- April 25, 2018: The average credit card interest rate recorded another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Rate survey: Average card APR climbs to new high of 16.65 percent -- April 18, 2018: The average credit card interest rate smashed another record Wednesday, climbing to an all-time high of 16.65 percent, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

What to do when a balance transfer credit line isn't big enough -- Options for when that new balance transfer card's credit line isn't large enough to absorb all your high-interest debt. ... (See Balance transfer credit line)


 Matt About Money

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4 things no one tells you about your credit score – but should -- Having good credit is not as hard as you think. Here are four things that will help you stay on top of your credit without too much hassle. ... (See Matt about Money)

Credit card fees you can (and can't) negotiate with your issuer -- Not all credit card terms are negotiable, but many of them, including late fees and interest rates, are. These tips will help you get better terms on your card. ... (See Card fees you can negotiate)

Shopping for a new credit card: 3 crucial questions to ask -- The right credit card can mean major savings and generous perks. Here's what you need to ask yourself before applying to get the best card for you. ... (See 3 key card questions to ask)


 Opening Credits

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Do student loans, work study, qualify as income on card application? -- Card issuers have different policies on what can be considered income on a credit card application. ... (See Qualifying income on card application)

Beefing up thin credit file can improve odds of next card approval -- Issuers want to see that you've successfully managed numerous accounts before approving you for a new, high-end card ... (See Thin credit file)

Should I apply for new card just to get the bonus? -- If you have a high score, the ability to apply for and then cancel a new card just to get the bonus is not going to hurt your score much. ... (See Apply for new card)


 Podcast

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Charged Up! podcast: Financial lessons for millennials -- Whether you're a new graduate or wanting to finally understand finance, former trader and author Michael Taylor joins us to teach you the mathematical concepts you need to know to avoid debt and start building wealth now ... (See Podcast)

Charged Up! podcast: How to successfully network -- Author and social scientist David Burkus talks about the most effective way to tap into your network ... (See Podcast on networking)

Charged Up! podcast: Mastering your taxes -- Make sure you're saving all the money you're entitled to when filing your taxes ... (See Podcast: Barbara Weldman on tax savings)


 Products

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Chase to launch new Marriott Rewards card with a 100,000-point sign-up bonus -- Chase has unveiled plans to launch a new Marriott Rewards Premier Plus card with 100,000 bonus points, 6 points per dollar at Marriott hotels and 2 points per dollar on everything else. ... (See Marriott Rewards)

Get up to 80,000 bonus points and 10x points on hotel stays with Chase’s new IHG cards -- Chase and IHG have added two new products to their credit card portfolio: the IHG Rewards Premier card and the IHG Rewards Club Traveler card. ... (See IHG)

Earn 75,000 miles each year with the new Barclays Arrival Premier card -- Read on to see how – by combining the generous rewards rate with the annual bonus – you can earn more than 75,000 miles each year with the new Barclays Arrival Premier World Mastercard. ... (See Barclays)


 Rate report

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Rate survey: Average card APR breaks record, climbing to 16.68 percent -- April 25, 2018: The average credit card interest rate recorded another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Rate survey: Average card APR climbs to new high of 16.65 percent -- April 18, 2018: The average credit card interest rate smashed another record Wednesday, climbing to an all-time high of 16.65 percent, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Rate survey: Average card APR holds at record 16.62 percent -- April 11, 2018: The national average APR remained at its record high of 16.62 percent for a second week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)


 Reaping Your Rewards

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Beware change fees with award tickets -- If you are planning to book airline tickets with your credit card points, know what kind of fees the airline will impose if you later have to change or cancel the ticket ... (See Ticket fees)

Using points to visit national parks -- While visiting a national park might get you off the grid, you can use your credit card rewards beforehand to get you there for free ... (See National parks)

Are foreign airline credit cards worth it? -- Find out which foreign airlines have domestic partners where you can easily transfer points ... (See Foreign airlines)


 Research, statistics

View all research, statistics stories

Rate survey: Average card APR breaks record, climbing to 16.68 percent -- April 25, 2018: The average credit card interest rate recorded another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

'FOMO,' 'likes' and card debt: How Facebook might lead you to overspend -- Facebook's business model makes it easy for advertisers to know almost everything about you, increasing the chances you overspend. Here's what you can do. ... (See Facebook and overspending)

Poll: It's easy to get rid of credit card fees if you ask -- It’s easier than you think to get a credit limit increase, lower APR, late fee or annual fee waiver from your credit card, a CreditCards.com poll shows. ... (See Fee waiver poll)


 Reward programs

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Beware change fees with award tickets -- If you are planning to book airline tickets with your credit card points, know what kind of fees the airline will impose if you later have to change or cancel the ticket ... (See Ticket fees)

Rate survey: Average card APR breaks record, climbing to 16.68 percent -- April 25, 2018: The average credit card interest rate recorded another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Entertaining clients on a business credit card: Tips to do it right -- Business credit card rewards, concierge services and loyalty programs can help business owners bear the cost of client entertainment. ... (See Entertaining clients on a business credit card)


 Shopping

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'FOMO,' 'likes' and card debt: How Facebook might lead you to overspend -- Facebook's business model makes it easy for advertisers to know almost everything about you, increasing the chances you overspend. Here's what you can do. ... (See Facebook and overspending)

Entertaining clients on a business credit card: Tips to do it right -- Business credit card rewards, concierge services and loyalty programs can help business owners bear the cost of client entertainment. ... (See Entertaining clients on a business credit card)

Spendthrift daughter racks up thousands on mom's card -- After racking up $1,500 in charges, mom told her to stop, but then she kept on spending. ... (See Spendthrift daughter)


 Speaking of Credit

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Paying off in full vs. settling maxed-out card debt -- If you find yourself with enough cash to pay off maxed-out card debt, consider your options first, including impact on your score, taxes and fees. ... (See Paying off maxed-out card)

Individual vs. combined utilization: Which one has greater effect on score? -- Having at least one card with high utilization can hurt your score, even if your overall utilization is low. Here's what to do. ... (See Individual vs. combined credit utilization)

Too many new cards hurt my score. Should I cancel them? -- Applying for too many credit cards in a short time period can lower your credit score. Here are three steps you can take to restore your good credit score. ... (See Too many new credit lines)


 Student credit cards, young credit

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Do student loans, work study, qualify as income on card application? -- Card issuers have different policies on what can be considered income on a credit card application. ... (See Qualifying income on card application)

More millennials have credit card debt than student loans -- More millennials have credit card debt than student loans, a NBC News/GenForward survey finds. ... (See Millennials and credit card debt)

Best starter credit cards, regardless of your creditworthiness -- Whether you're a student or a first-time cardholder getting in on the rewards game, these starter credit cards can help score savings from day one. ... (See Best starter credit cards)


 The Credit Guy

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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)

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

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Spendthrift daughter racks up thousands on mom's card -- After racking up $1,500 in charges, mom told her to stop, but then she kept on spending. ... (See Spendthrift daughter)

How do I get my lender to report payment activity to the credit bureaus? -- Not all lenders report payment activity to the credit bureaus; make sure yours does before applying for a credit card or loan. ... (See Payment activity)

Can employer deduct card transaction fees from my commission? -- Before you invest time selling products for a company, know exactly how you will be paid. ... (See Card transaction fees)


 Your Business Credit

View all your business credit stories

Which business credit card should our church sign up for? -- If you have a small business or nonprofit organization and need a business credit card, there are several options to help you get started on credit with little risk ... (See Choosing a small business card)

Funding a small business when you have a low credit score -- If you're looking to fund a new business but don't have the credit or established history to get a loan, there are ways to do it without resorting to a high interest loan ... (See Small business loans)

Some California businesses, but not all, are exempt from surcharge ban -- Ruling by 9th Circuit Court early in 2018 exempts some, but not all, businesses from ban on credit and debit card surcharges. ... (See California surcharge law)