Credit card news archive

Credit card news stories and articles archive at CreditCards.com.





Latest credit card news


 All credit card news

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How many high-end annual fee cards is too many? -- Some people have a handful of high annual fee credit cards. Why? It's all about the perks. ... (See High-end annual fee cards)

Using miles to book holiday flights: Options, when to buy -- Time is of the essence when it comes to booking flights for traveling around the holidays. Here are three ways to use miles or points on holiday flights. ... (See Using miles on holiday travel)

Average FICO score reaches all-time high of 704 -- The average FICO score among U.S. consumers has reached an all-time high of 704, according to a new FICO report ... (See Average FICO score )


 Balance transfer debt consolidation

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Weekly rate report: Average card rate remains at 16.92 percent for third week -- September 19, 2018: The average credit card interest rate held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Weekly rate report: Average card rate stays put at 16.92 percent -- September 12, 2018: The average credit card interest rate didn’t budge Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (more)

Payment allocation: How to make a card payment and a purchase the same day -- A payment that comes in the same day as a purchase should be applied to the purchase, if the purchase balance has the highest interest rate. ... (See Make card payment and purchase the same day)


 Breaking news

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Average FICO score reaches all-time high of 704 -- The average FICO score among U.S. consumers has reached an all-time high of 704, according to a new FICO report ... (See Average FICO score )

Hurricane Florence: Banks offer relief to cardholders in storm-affected areas -- Banks and credit card issuers are waiving credit card late fees and out-of-network ATM fees and some are offering to increase credit card limits to help customers in storm-hit areas. ... (See Hurricane Florence relief )

Weekly rate report: Average card rate remains at 16.92 percent for third week -- September 19, 2018: The average credit card interest rate held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)


 Business credit, business cards

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Credit card processing fees: Calculate total revenue when your business accepts cards -- If your business accepts credit cards, credit card processing fees won't affect the 'total revenue' of a transaction -- but they do affect your 'profit.' Here's how to enter card processing fees in your books. ... (See Total revenue and card processing fees)

Weekly rate report: Average card rate remains at 16.92 percent for third week -- September 19, 2018: The average credit card interest rate held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Small Business Credit Profile: The Spot Barbershop -- Co-owner JC Perdomo is relieved he has graduated from leaning on loan sharks to credit cards to help fund his growing business. ... (See Small Business Credit Profile: The Spot Barbershop)


 Business travel

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Travel tips for cash back cardholders: Earn cash back on travel -- If you'd like to earn travel rewards but prefer the simplicity of a cash back card, we have you covered. These tips will help you save on travel by using the right cash back cards. ... (See Cash back for travel)

Baggage delay, trip delay: Credit card tips for maximizing benefits -- Baggage delay and trip delay insurance are two credit card benefits that can save you hundreds of dollars on your trip. Here's how to make the most of both perks. ... (See Baggage, trip delay credit card tips)

Low-fare flights: When fees are charged for paying with credit card -- If you buy a low-cost flight through an online travel agency, you might be charged a fee for paying with credit card -- even if the agency claims to have no "hidden" fees. ... (See Card fees on low-cost flights)


 Cash back cards

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Travel tips for cash back cardholders: Earn cash back on travel -- If you'd like to earn travel rewards but prefer the simplicity of a cash back card, we have you covered. These tips will help you save on travel by using the right cash back cards. ... (See Cash back for travel)

Weekly rate report: Average card rate remains at 16.92 percent for third week -- September 19, 2018: The average credit card interest rate held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Weekly rate report: Average card rate stays put at 16.92 percent -- September 12, 2018: The average credit card interest rate didn’t budge Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (more)


 Cashing In Q&A columns

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Using miles to book holiday flights: Options, when to buy -- Time is of the essence when it comes to booking flights for traveling around the holidays. Here are three ways to use miles or points on holiday flights. ... (See Using miles on holiday travel)

Low-fare flights: When fees are charged for paying with credit card -- If you buy a low-cost flight through an online travel agency, you might be charged a fee for paying with credit card -- even if the agency claims to have no "hidden" fees. ... (See Card fees on low-cost flights)

Close airline credit card: How long you should wait to apply again -- Interested in applying for the same airline credit card you closed in order to reap a sign-up bonus? Some card issuers offer no restrictions, but you might want to consider other card options first. ... (See Applying for airline card you closed)


 Credit account management

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Using miles to book holiday flights: Options, when to buy -- Time is of the essence when it comes to booking flights for traveling around the holidays. Here are three ways to use miles or points on holiday flights. ... (See Using miles on holiday travel)

Average FICO score reaches all-time high of 704 -- The average FICO score among U.S. consumers has reached an all-time high of 704, according to a new FICO report ... (See Average FICO score )

Child support: It's getting easier to pay by credit card -- A growing number of counties are trying to make child support payments more convenient and reliable for recipients by enabling credit card payment ... (See Child support payments via credit card)


 Credit Card Help

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Managing the costs of women's preventative healthcare -- With insurance coverage for women’s healthcare a hit or miss depending on your location, insurance provider and employer, many women are wondering what the potential costs could be if they aren’t covered. ... (See Managing health care costs)

Guide to responsible credit card use in college -- Responsible credit card use in college can help ensure a more secure financial future. ... (See Credit card use in college )

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 scores, credit reports

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Average FICO score reaches all-time high of 704 -- The average FICO score among U.S. consumers has reached an all-time high of 704, according to a new FICO report ... (See Average FICO score )

Child support: It's getting easier to pay by credit card -- A growing number of counties are trying to make child support payments more convenient and reliable for recipients by enabling credit card payment ... (See Child support payments via credit card)

Hurricane Florence: Banks offer relief to cardholders in storm-affected areas -- Banks and credit card issuers are waiving credit card late fees and out-of-network ATM fees and some are offering to increase credit card limits to help customers in storm-hit areas. ... (See Hurricane Florence relief )


 Emerging payment systems: Prepaid, debit, gift cards

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

Travel tips for cash back cardholders: Earn cash back on travel -- If you'd like to earn travel rewards but prefer the simplicity of a cash back card, we have you covered. These tips will help you save on travel by using the right cash back cards. ... (See Cash back for travel)

Many millennials check their credit scores on their phones -- Nearly half of U.S. millennials use their smartphones to check their credit scores. And a majority of young adults use their phones for a variety of other financial activities. ... (See Millennials' mobile money management )

With cards, your fingerprint, voice and face will verify your ID -- Credit card networks and issuers are testing and rolling out cards that use fingerprints and facial recognition as identification to verify payments. ... (See Biometrics and credit cards)


 Expert Q&A

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Using miles to book holiday flights: Options, when to buy -- Time is of the essence when it comes to booking flights for traveling around the holidays. Here are three ways to use miles or points on holiday flights. ... (See Using miles on holiday travel)

Credit card processing fees: Calculate total revenue when your business accepts cards -- If your business accepts credit cards, credit card processing fees won't affect the 'total revenue' of a transaction -- but they do affect your 'profit.' Here's how to enter card processing fees in your books. ... (See Total revenue and card processing fees)

How to freeze your credit now that's it's free -- Starting Sept. 21, credit freezes will be free in all 50 states. Here's how to put the ice on potential fraudsters. ... (See How to do a credit freeze)


 Fine Print

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Paying off credit card in full by mistake: Can you get a refund? -- If you paid your credit card balance in full accidentally, card issuers will generally refund the amount over the minimum payment due -- but the refund may take longer than you'd like. ... (See Paid card balance in full by mistake)

Credit card company asking for my income: Why, what you should do -- Telling your income is mandatory on a card application, but voluntary once you have been approved. However, card issuers need income information to offer you a credit limit increase under Credit CARD Act rules. ... (See Card company questions about income)

Payment allocation: How to make a card payment and a purchase the same day -- A payment that comes in the same day as a purchase should be applied to the purchase, if the purchase balance has the highest interest rate. ... (See Make card payment and purchase the same day)


 Frequent flyer programs, airline rewards

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How many high-end annual fee cards is too many? -- Some people have a handful of high annual fee credit cards. Why? It's all about the perks. ... (See High-end annual fee cards)

Using miles to book holiday flights: Options, when to buy -- Time is of the essence when it comes to booking flights for traveling around the holidays. Here are three ways to use miles or points on holiday flights. ... (See Using miles on holiday travel)

Travel tips for cash back cardholders: Earn cash back on travel -- If you'd like to earn travel rewards but prefer the simplicity of a cash back card, we have you covered. These tips will help you save on travel by using the right cash back cards. ... (See Cash back for travel)


 Get to the Points

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Essential family packing guide for summer travel -- When you have multiple people in your traveling party, a solid packing strategy becomes essential. ... (See Family packing guide)

Active-duty military can get fees waived, special perks from rewards cards -- Some credit card issuers waive annual fees for active-duty military members, so it may be worth considering applying for some high-end travel rewards cards. ... (See Active-duty military credit card perks)

Honor mom with a points-fueled trip of a lifetime -- Instead of flowers and chocolates, consider surprising your mom with a trip she won’t forget using miles and points. ... (See Mom getaway)


 Have Cards, Will Travel

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All-inclusive vacations: How to book with rewards points -- Ready to check in and relax at a resort without having to worry about paying for any extras? Here's everything you need to know about booking a stay at an all-inclusive hotel using rewards points. ... (See All-inclusive stays using rewards)

Travel rewards: Use your hobbies to earn miles, points -- If travel is your main passion but you also have other hobbies, why not put them to good use to earn miles, points and rewards? ... (See Fund travel with hobbies)

Diversify your rewards cards to pay for bucket list trips -- When planning bucket list trips, it helps to have a mix of rewards cards -- airline, hotel, cash back and flexible travel card -- to cover all of your costs. ... (See Cards for bucket list trips)


 Infographics

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Many millennials check their credit scores on their phones -- Nearly half of U.S. millennials use their smartphones to check their credit scores. And a majority of young adults use their phones for a variety of other financial activities. ... (See Millennials' mobile money management )

AARP study: Consumers putting themselves at risk of fraud -- A new study by AARP finds only 4 in 10 American adults have set up online access to all their bank accounts, and only 57 percent have done so with their credit card accounts ... (See AARP digital risk survey )

College football fans would cut back on dining, coffee to fund fandom -- A new survey by SunTrust Banks reveals nearly half of college football fans would stop dining out in order to fund one season of fandom ... (See College football fandom )


 Innovations, features, new products

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Chase considers rewarding customers for boosting credit scores -- Chase CEO Jamie Dimon has hinted that his company might soon reward customers for improving their credit scores. Could other banks follow suit? ... (See Credit score gamification)

How credit cards track criminals -- Credit cards can lead -- and have led -- law enforcement officers to suspects. Often it takes a subpoena to get police and card issuers to work together to find a wanted individual, private detectives say. ... (See How cards track criminals)

More card issuers offering virtual card numbers to cut fraud risk -- Virtual account numbers have been around for years, but they're being used more now in the wake of the massive Equifax hack. ... (See Virtual account numbers)


 Legal, regulatory, privacy issues

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Child support: It's getting easier to pay by credit card -- A growing number of counties are trying to make child support payments more convenient and reliable for recipients by enabling credit card payment ... (See Child support payments via credit card)

How to freeze your credit now that's it's free -- Starting Sept. 21, credit freezes will be free in all 50 states. Here's how to put the ice on potential fraudsters. ... (See How to do a credit freeze)

Paying off credit card in full by mistake: Can you get a refund? -- If you paid your credit card balance in full accidentally, card issuers will generally refund the amount over the minimum payment due -- but the refund may take longer than you'd like. ... (See Paid card balance in full by mistake)


 Low interest, zero percent cards

View all low interest, zero percent cards stories

Weekly rate report: Average card rate remains at 16.92 percent for third week -- September 19, 2018: The average credit card interest rate held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Weekly rate report: Average card rate stays put at 16.92 percent -- September 12, 2018: The average credit card interest rate didn’t budge Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (more)

Weekly rate report: Average card rate rises to 16.92 percent -- September 5, 2018: The average credit card interest rate inched up Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (more)


 Matt About Money

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How card rewards can fuel a family dream soccer trip -- My family will see our favorite soccer team in Philadelphia this summer, and this is how our rewards cards are making the trip possible ... (See Dream soccer trip using rewards)

How card rewards rescued my family's vacation -- My family and I were set to travel to Spain over spring break, but a passport snafu nearly forced us to stay home. Here's how miles and points saved our vacation plans. ... (See Last-minute vacation tips)

Why it's wise to keep a card open – and when it's OK to close it -- Keeping a card open is the best way to keep your credit from harm, unless it might lead you to overspend. Here's what to do in that case. ... (See Reasons to keep a card open)


 Opening Credits

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Credit score impact of opening, quickly closing a new card -- Your credit scores should revert to where they were before you applied, minus the points you lost with the initial inquiry. ... (See Closing new card)

Should I be added to new husband’s card or get a new one together? -- Joint credit cards are rare these days. It's more common to add a spouse as a authorized user to a card. ... (See Card for new spouse)

Card way over the limit? Here's a debt payoff plan -- It's rare to go over your credit limit, but when that happens, you need a plan to pay off your debt fast. Get a side gig, sell items, increase your income to erase your card debt to zero. ... (See Over-limit debt payoff plan)


 Podcast

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Charged Up! podcast: Earn more, owe less -- Dubbed "America's Money Answers Man," veteran financial journalist Jordan Goodman talks about tools available to help you pay off your mortgage in 5 years, make lower monthly car payments and earn 8 percent from your savings ... (See Pay down debt)

Charged Up! podcast: How to create your own credit card -- If you're an entrepreneur wondering how to strike a deal with a major bank or a person wanting to give back with your card, the story of Charity Charge can help ... (See Donating rewards)

Charged Up! podcast: How PayPal changed our lives -- Journalist and author Jacques Peretti explains how our spending habits have changed over the last 15 years due to technologies such as PayPal ... (See Podcast)


 Products

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Discover’s new business card pays 1.5 percent cash back on every purchase -- The Discover it Business card is a great option for business owners who want a straightforward approach to earning rewards. In addition to offering 1.5 percent cash back on every purchase, the card matches all the cash back you earn in the first year. ... (See Discover it Business)

Coming soon: Earn 60,000 Ultimate Rewards points by opening a Sapphire Banking account -- On the heels of the Sapphire Banking launch, Chase has unveiled plans to launch an exclusive offer to Chase Sapphire cardholders sometime in October 2018. ... (See Chase Sapphire Banking)

Marriott Rewards guide: Maximize Marriott points -- Our Marriott Rewards guide gives a complete overview of the new Marriott Rewards program, including what Marriott points are worth and how to earn and redeem points for the most value. ... (See Marriott Rewards guide: The best ways to earn and use Marriott points)


 Rate report

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Weekly rate report: Average card rate remains at 16.92 percent for third week -- September 19, 2018: The average credit card interest rate held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Weekly rate report: Average card rate stays put at 16.92 percent -- September 12, 2018: The average credit card interest rate didn’t budge Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (more)

Weekly rate report: Average card rate rises to 16.92 percent -- September 5, 2018: The average credit card interest rate inched up Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (more)


 Reaping Your Rewards

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The complete guide to saving money on your commute -- Credit card rewards, employer reimbursement and other commuter tips can help you save money. ... (See Save money on your commute)

Sign-up bonuses: How to score big rewards -- Card issuers have clamped down on card churning, but you can still secure big sign-up bonuses. Your strategy: Compare card offers and know issuer restrictions. ... (See Your sign-up bonus strategy)

Small businesses get creative with card rewards -- Some small-business owners are getting creative with their credit card rewards, redeeming cash back to pay for employee parties or to pay for gear for workers. Rewarding employees is a way businesses can keep workers in a tight labor market. ... (See Small businesses and card rewards)


 Research, statistics

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Average FICO score reaches all-time high of 704 -- The average FICO score among U.S. consumers has reached an all-time high of 704, according to a new FICO report ... (See Average FICO score )

Weekly rate report: Average card rate remains at 16.92 percent for third week -- September 19, 2018: The average credit card interest rate held steady Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Chase considers rewarding customers for boosting credit scores -- Chase CEO Jamie Dimon has hinted that his company might soon reward customers for improving their credit scores. Could other banks follow suit? ... (See Credit score gamification)


 Reward programs

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How many high-end annual fee cards is too many? -- Some people have a handful of high annual fee credit cards. Why? It's all about the perks. ... (See High-end annual fee cards)

Using miles to book holiday flights: Options, when to buy -- Time is of the essence when it comes to booking flights for traveling around the holidays. Here are three ways to use miles or points on holiday flights. ... (See Using miles on holiday travel)

Travel tips for cash back cardholders: Earn cash back on travel -- If you'd like to earn travel rewards but prefer the simplicity of a cash back card, we have you covered. These tips will help you save on travel by using the right cash back cards. ... (See Cash back for travel)


 Speaking of Credit

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Should I pay off or close my credit card to get a better mortgage? -- Paying off a card can raise your credit score and help you better qualify for a home loan, but closing a card can hurt you ... (more)

Credit scoring effect of opening vs. closing credit cards -- Opening and closing a credit card can both have negative effects on your score – albeit short-lived. The good news is, you don't need to close a card in order to open a new one. ... (See Scoring effect of opening, closing cards)

How do I remove old negative items from my credit reports? -- If negative items appeared on your credit report as a result of ID theft a few years ago, you can still remove them from your reports. Here's how. ... (See Old negative items on credit reports)


 Student credit cards, young credit

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Young adults shouldn't wait too long to get started with credit -- Waiting until you're 25 to apply for your first card can slow down the path to adulthood, such as qualifying for a car loan or apartment lease. ... (See Getting started with credit)

Guide to responsible credit card use in college -- Responsible credit card use in college can help ensure a more secure financial future. ... (See Credit card use in college )

Should you pay college tuition with a credit card? -- Many people use credit cards to pay tuition because it's convenient and it can earn rewards. But it can be a costly move. ... (See Pay for college with credit card)


 To Her Credit

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Is getting a HELOC wise for debt repayment? -- Without the ability to deduct the interest if used for debt repayment, HELOCs lose luster as get-out-of-debt plan. ... (See HELOC debt repayment)

How to stop collection activity on fraudulent charges -- Canceling a card for fraudulent recurring charges won't necessarily stop the debt from being sent to collections if left unpaid. ... (See Recurring charges in collection)

Steps to fight fraud, repair credit damage caused by ex-spouse -- Sharing finances is common during marriage, but can backfire horribly when a marriage falls apart. Take steps to protect your credit and financial standing. ... (See Fraud charges)


 Videos

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How to cut credit card interest costs -- Paying just a little more than your credit card's monthly minimum payment makes a big difference ... (more)

Video: Maximizing points with off-peak travel -- Peak season varies depending on where you want to travel. Make your points go further by booking travel during low season ... (See Travel with points)

Video: Giving back with your card -- Some credit cards let you donate your rewards to the charity of your choice, with no work on your part. ... (See Donating rewards)


 Your Business Credit

View all your business credit stories

Credit card processing fees: Calculate total revenue when your business accepts cards -- If your business accepts credit cards, credit card processing fees won't affect the 'total revenue' of a transaction -- but they do affect your 'profit.' Here's how to enter card processing fees in your books. ... (See Total revenue and card processing fees)

Business credit card debt: When startup partnership goes wrong -- Dealing with business credit card debt following a startup partnership gone wrong? Start by seeking legal help. If you're personally responsible for the debt, you may have to make minimum payments on the card until the matter is resolved. ... (See Business card debt from startup partnership)

Employee gas expenses: How to reduce charges on company card -- If you run a small business and your employees are charging gas on the company card more than they should, you have options. Here are three ways to encourage employees to spend less on gas. ... (See Employee gas expenses on company card)