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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Will fraudulent use of mom's card jeopardize her J-1 visa? -- People living here on visas are at risk of having their status revoked if they commit certain crimes, but the offensives need to be both substantiated and serious. ... (See Fraud impact on J-1 visa)

What is a good credit card APR? -- With new card offers' interest rates at an all-time high, you may still be able to find offers that shave a few percentage points. ... (See Good rate)

Video: Skiing on points -- Ski trips make for some of the most thrilling winter adventures … and most expensive. Here are a few ways you can enjoy the slopes without spending a fortune. ... (See Video: Skiing on points)


 Balance transfer, debt consolidation

View all balance transfer, debt consolidation stories

Will fraudulent use of mom's card jeopardize her J-1 visa? -- People living here on visas are at risk of having their status revoked if they commit certain crimes, but the offensives need to be both substantiated and serious. ... (See Fraud impact on J-1 visa)

What is a good credit card APR? -- With new card offers' interest rates at an all-time high, you may still be able to find offers that shave a few percentage points. ... (See Good rate)

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)


 Best credit cards

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Best Credit Cards program: Meet the judges -- View the list of panelists who help select the winning card for our monthly Best Credit Card program ... (See The list of judges for our Best Credit Card program)


 Breaking news

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Credit card on/off switches: More card issuers adding them -- The digital switches give cardholders greater control over their accounts and can help reduce card fraud. ... (See Credit card on/off switches)

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)


 Business credit cards

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Can I impose a minimum transaction of $10 for card purchases? -- If you're a small business wanting to impose a minimum transaction amount, know the rules the card companies have to avoid trouble ... (See Minimum transaction of $10 for cards)

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)


 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

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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

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Will fraudulent use of mom's card jeopardize her J-1 visa? -- People living here on visas are at risk of having their status revoked if they commit certain crimes, but the offensives need to be both substantiated and serious. ... (See Fraud impact on J-1 visa)

What is a good credit card APR? -- With new card offers' interest rates at an all-time high, you may still be able to find offers that shave a few percentage points. ... (See Good rate)

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)


 Credit Card Help

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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: Skiing on points -- Ski trips make for some of the most thrilling winter adventures … and most expensive. Here are a few ways you can enjoy the slopes without spending a fortune. ... (See Video: Skiing on points)

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)


 Credit scores, credit reports

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What is a good credit card APR? -- With new card offers' interest rates at an all-time high, you may still be able to find offers that shave a few percentage points. ... (See Good rate)

Most U.S. cardholders carry at least one balance -- Most U.S. consumers have both general purpose and private label credit cards, and a majority carry a balance on at least one of their cards, the Consumer Financial Protection Bureau finds. ... (See Most cardholder carry at least one balance)

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)


 Emerging payment systems: Prepaid, debit, gift cards

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

Credit card on/off switches: More card issuers adding them -- The digital switches give cardholders greater control over their accounts and can help reduce card fraud. ... (See Credit card on/off switches)

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)


 Expert Q&A

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Will fraudulent use of mom's card jeopardize her J-1 visa? -- People living here on visas are at risk of having their status revoked if they commit certain crimes, but the offensives need to be both substantiated and serious. ... (See Fraud impact on J-1 visa)

Do my Walmart groceries earn category bonus points? -- While Walmart typically doesn't count as a grocery store to card issuers, there are ways to get those bonus points ... (See Category bonus points)

Can I impose a minimum transaction of $10 for card purchases? -- If you're a small business wanting to impose a minimum transaction amount, know the rules the card companies have to avoid trouble ... (See Minimum transaction of $10 for cards)


 Frequent flyer programs, airline rewards

View all frequent flyer programs, airline rewards stories

What is a good credit card APR? -- With new card offers' interest rates at an all-time high, you may still be able to find offers that shave a few percentage points. ... (See Good rate)

Video: Skiing on points -- Ski trips make for some of the most thrilling winter adventures … and most expensive. Here are a few ways you can enjoy the slopes without spending a fortune. ... (See Video: Skiing on points)

Card rewards cut 'travel sports' costs -- Youths playing on sports travel teams can be costly for families, so parents smartly use points for hotels and flights to get ahead in the game. ... (See Card rewards cut travel sports costs)


 Get to the Points

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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

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Most U.S. cardholders carry at least one balance -- Most U.S. consumers have both general purpose and private label credit cards, and a majority carry a balance on at least one of their cards, the Consumer Financial Protection Bureau finds. ... (See Most cardholder carry at least one balance)

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)


 Innovations, features, new products

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Credit card on/off switches: More card issuers adding them -- The digital switches give cardholders greater control over their accounts and can help reduce card fraud. ... (See Credit card on/off switches)

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)


 Legal, regulatory, privacy issues

View all legal, regulatory, privacy issues stories

Will fraudulent use of mom's card jeopardize her J-1 visa? -- People living here on visas are at risk of having their status revoked if they commit certain crimes, but the offensives need to be both substantiated and serious. ... (See Fraud impact on J-1 visa)

Can I impose a minimum transaction of $10 for card purchases? -- If you're a small business wanting to impose a minimum transaction amount, know the rules the card companies have to avoid trouble ... (See Minimum transaction of $10 for cards)

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)


 Low interest, zero percent cards

View all low interest, zero percent cards stories

What is a good credit card APR? -- With new card offers' interest rates at an all-time high, you may still be able to find offers that shave a few percentage points. ... (See Good rate)

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)


 Opening Credits

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Will fraudulent use of mom's card jeopardize her J-1 visa? -- People living here on visas are at risk of having their status revoked if they commit certain crimes, but the offensives need to be both substantiated and serious. ... (See Fraud impact on J-1 visa)

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)


 Podcast

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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

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American Express Platinum card offers 100,000 bonus points through CardMatch -- The Platinum card from American Express is currently offering select applicants a 100,000-point sign-up bonus after spending $5,000 in the first three months of card membership through the CreditCards.com CardMatch tool. ... (See CardMatch)

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)


 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

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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)

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

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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

What is a good credit card APR? -- With new card offers' interest rates at an all-time high, you may still be able to find offers that shave a few percentage points. ... (See Good rate)

Video: Skiing on points -- Ski trips make for some of the most thrilling winter adventures … and most expensive. Here are a few ways you can enjoy the slopes without spending a fortune. ... (See Video: Skiing on points)

Card rewards cut 'travel sports' costs -- Youths playing on sports travel teams can be costly for families, so parents smartly use points for hotels and flights to get ahead in the game. ... (See Card rewards cut travel sports costs)


 Shopping

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Can I impose a minimum transaction of $10 for card purchases? -- If you're a small business wanting to impose a minimum transaction amount, know the rules the card companies have to avoid trouble ... (See Minimum transaction of $10 for cards)

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)


 Speaking of Credit

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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

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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

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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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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

Can I impose a minimum transaction of $10 for card purchases? -- If you're a small business wanting to impose a minimum transaction amount, know the rules the card companies have to avoid trouble ... (See Minimum transaction of $10 for cards)

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)