Credit card news archive

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





Latest credit card news


 All credit card news

View all credit card news stories

Millennials are the worst tippers in the US, new survey finds -- Millennials are the worst tippers in the U.S., but they also are most in favor of paying more and not tipping at all, a new CreditCards.com survey finds. Other findings? Older people are more generous tippers, and women tip more than men. ... (See Millennials and tipping)

How to avoid credit card sign-up bonus bait and switch -- Just because a card company invites you to apply for a card and approves your application does not necessarily mean it will give you the sign-up bonus that comes with the offer. ... (See Avoiding sign-up bonus bait and switch)

Which American Airlines credit card should you choose? -- Whether you're a frequent flyer or just travel with your family once a year, these are the American Airlines cards with the best perks and rewards bonuses. ... (See Best American Airlines cards)


 Balance transfer debt consolidation

View all balance transfer debt consolidation stories

Rate survey: Average card APR remains at record high of 16.75 percent -- June 13, 2018: The average credit card interest rate held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Rate survey: Average card APR breaks new record, climbing to 16.75 percent -- June 7, 2018 The average credit card interest rate sailed to another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (more)

Rate survey: Average card APR remains at record high of 16.73 percent -- May 30, 2018: The average credit card interest rate remained at a record high of 16.73 percent Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)


 Breaking news

View all breaking news stories

Credit card APRs to rise again as the Federal Reserve raises benchmark rate a quarter point -- The Federal Reserve raised its federal funds rate a quarter point for the second time this year, meaning higher rates for variable rate credit cards ... (See APRs to rise as Fed raises rates)

Rate survey: Average card APR remains at record high of 16.75 percent -- June 13, 2018: The average credit card interest rate held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

AmEx to roll out credit card made from ocean plastic -- Credit cards aren't known for being environmentally friendly, but a new card from American Express may change that ... (See AmEx card ocean plastic)


 Business credit, business cards

View all business credit, business cards stories

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)

Rate survey: Average card APR remains at record high of 16.75 percent -- June 13, 2018: The average credit card interest rate held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

How to earn elite status with airlines -- Three ways business people can earn elite status with airlines: Pick an airline to focus your points-earning, sign up for a credit card offered by that airline, and don't forget to sign up for business points programs. ... (See How to earn elite status)


 Business travel

View all business travel stories

Which American Airlines credit card should you choose? -- Whether you're a frequent flyer or just travel with your family once a year, these are the American Airlines cards with the best perks and rewards bonuses. ... (See Best American Airlines cards)

TSA Precheck, Global Entry credits now offered on lower-annual-fee cards -- Credits for TSA Precheck and Global Entry that used to be offered only on premium rewards cards are now available with a handful of $85-$95 annual fee travel credit cards. ... (See TSA Precheck, Global Entry credits)

How to earn elite status with airlines -- Three ways business people can earn elite status with airlines: Pick an airline to focus your points-earning, sign up for a credit card offered by that airline, and don't forget to sign up for business points programs. ... (See How to earn elite status)


 Cash back cards

View all cash back cards stories

AmEx’s new Cash MagnetSM card offers a $300 bonus and 1.5 percent back on every purchase -- American Express has launched a new, flat-rate cash back card that lets cardholders earn up to $300 back for a limited time. ... (See Cash back)

Rate survey: Average card APR remains at record high of 16.75 percent -- June 13, 2018: The average credit card interest rate held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Holiday shopping in summer: Use your cards to rack up savings -- Use the right card and these tips to maximize savings on holiday shopping in the summer months. ... (See Holiday shopping in summer)


 Cashing In Q&A columns

View all cashing in q&a columns stories

10 credit and money tips for travel abroad -- Traveling outside the U.S.? Plan now which cards to take to avoid fees and ensure your vacation goes smoothly. For example, take cards that have charge no foreign transaction fees. ... (See Card tips for travel abroad)

Should I shop at Whole Foods if I have an Amazon credit card? -- With 5 percent back at Whole Foods with an Amazon credit card, it can be tempting to shop there. But you'll need to do the math to see if you'll actually save money ... (See Amazon - Whole Foods)

Q&A: How do redeemed travel points get refunded if I cancel? -- Airline programs vary. On some, if you book award travel and later need to cancel, you'll get money back. But a lot of airlines' flights are nonrefundable. ... (See Refunds if you pay with points)


 Credit account management

View all credit account management stories

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)

Which American Airlines credit card should you choose? -- Whether you're a frequent flyer or just travel with your family once a year, these are the American Airlines cards with the best perks and rewards bonuses. ... (See Best American Airlines cards)

Best credit cards for newlyweds -- Now that you've said your vows, it might be time to combine your credit card rewards strategy. ... (See Best cards for new couples)


 Credit Card Help

View all credit card help stories

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 scores, credit reports

View all credit scores, credit reports stories

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)

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)

Rate survey: Average card APR remains at record high of 16.75 percent -- June 13, 2018: The average credit card interest rate held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)


 Emerging payment systems: Prepaid, debit, gift cards

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

Millennials are the worst tippers in the US, new survey finds -- Millennials are the worst tippers in the U.S., but they also are most in favor of paying more and not tipping at all, a new CreditCards.com survey finds. Other findings? Older people are more generous tippers, and women tip more than men. ... (See Millennials and tipping)

Guide to mobile wallets: Samsung Pay, Apple Pay, Google Pay -- Got questions about mobile wallets? Our guide to Samsung Pay, Apple Pay and Google Pay has all the answers about operation, security and rewards ... (See Mobile wallets)

These gift cards add an extra bonus: discounts, even cash back -- Want to earn cash back rewards while making purchases with a gift card? Start by leveraging them with loyalty programs and rewards cards. ... (See Gift card rewards)


 Expert Q&A

View all expert q&a stories

How to avoid credit card sign-up bonus bait and switch -- Just because a card company invites you to apply for a card and approves your application does not necessarily mean it will give you the sign-up bonus that comes with the offer. ... (See Avoiding sign-up bonus bait and switch)

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)

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)


 Fine Print

View all fine print stories

When is a charge on a credit card unauthorized? -- Unauthorized charges on credit cards are forbidden, but what happens when the charge was made by a company you deal with on an ongoing basis? ... (See Unauthorized credit card charges)

Can you cancel your Amazon Prime, Costco memberships and keep using their cards? -- If you cancel a retailer's membership, can you keep using a credit card issued by them? We analyzed two cases: Amazon Prime and Costco. ... (See Retailer membership and credit cards)

Should I get my favorite brand's credit card? -- If you're a fan of a certain brand, you may be tempted to sign-up for their credit card to earn points toward future purchases. But, many of the big brand cards don't offer as much in rewards as a straight travel or cash back card ... (See Big brands and credit card rewards)


 Frequent flyer programs, airline rewards

View all frequent flyer programs, airline rewards stories

Which American Airlines credit card should you choose? -- Whether you're a frequent flyer or just travel with your family once a year, these are the American Airlines cards with the best perks and rewards bonuses. ... (See Best American Airlines cards)

Best credit cards for newlyweds -- Now that you've said your vows, it might be time to combine your credit card rewards strategy. ... (See Best cards for new couples)

TSA Precheck, Global Entry credits now offered on lower-annual-fee cards -- Credits for TSA Precheck and Global Entry that used to be offered only on premium rewards cards are now available with a handful of $85-$95 annual fee travel credit cards. ... (See TSA Precheck, Global Entry credits)


 Get to the Points

View all get to the points stories

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

View all have cards, will travel stories

Rewards card companion fares, passes cut cost of travel for 2 -- Some rewards cards offer companion fares or the opportunity to earn a companion pass, both of which cut the costs of travel for two. ... (See Companion fares and passes)

How to plan your summer rewards travel with or without points -- If you have a mound of points, great. If you don't, you can score a heap of points or a companion fare with a credit card sign-up bonus ... (See How to plan rewards summer travel now)

How to earn an exotic vacation at the grocery store -- You can earn an exotic vacation by using the right credit card when you fill your shopping cart at the grocery store. Start with a goal, and use the card that will help you achieve it. ... (See Earn a vacation at the grocery store)


 Infographics

View all infographics stories

Americans are more focused on their waistlines than their bottom line -- Americans are more focused on their waistlines than their bottom lines, a TD Bank survey finds. Millennials, though, buck the trend. They put financial goals ahead of health goals. ... (See Health and financial goals)

Millennials redeem card rewards for travel the most; silent generation the least -- Millennials are the biggest travel rewards redeemers, a Discover survey finds. The silent generation redeems rewards for travel the least. ... (See Travel rewards and generations)

Fewer Americans stick to financial lessons of Great Recession -- Fewer Americans are sticking to the financial lessons they learned in the Great Recession, the American Institute of CPAs finds. ... (See Great Recession financial lessons)


 Innovations, features, new products

View all innovations, features, new products stories

TSA Precheck, Global Entry credits now offered on lower-annual-fee cards -- Credits for TSA Precheck and Global Entry that used to be offered only on premium rewards cards are now available with a handful of $85-$95 annual fee travel credit cards. ... (See TSA Precheck, Global Entry credits)

AmEx to roll out credit card made from ocean plastic -- Credit cards aren't known for being environmentally friendly, but a new card from American Express may change that ... (See AmEx card ocean plastic)

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)


 Legal, regulatory, privacy issues

View all legal, regulatory, privacy issues stories

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)

Credit card APRs to rise again as the Federal Reserve raises benchmark rate a quarter point -- The Federal Reserve raised its federal funds rate a quarter point for the second time this year, meaning higher rates for variable rate credit cards ... (See APRs to rise as Fed raises rates)

Rate survey: Average card APR remains at record high of 16.75 percent -- June 13, 2018: The average credit card interest rate held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)


 Low interest, zero percent cards

View all low interest, zero percent cards stories

Best credit cards for newlyweds -- Now that you've said your vows, it might be time to combine your credit card rewards strategy. ... (See Best cards for new couples)

Rate survey: Average card APR remains at record high of 16.75 percent -- June 13, 2018: The average credit card interest rate held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Rate survey: Average card APR breaks new record, climbing to 16.75 percent -- June 7, 2018 The average credit card interest rate sailed to another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (more)


 Matt About Money

View all matt about money stories

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

View all opening credits stories

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)

Don't wait until due date to pay first card bill -- To make sure your scores are not affected by any charged amount, large or small, is to pay what you’ve charged immediately. ... (See First card due date)

Q&A: Can I protect my credit score if I can't pay card's full balance? -- Until you are able to regain control of your debt, take these steps to protect your credit score. ... (See Protecting credit score)


 Podcast

View all podcast stories

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

View all products stories

AmEx’s new Cash MagnetSM card offers a $300 bonus and 1.5 percent back on every purchase -- American Express has launched a new, flat-rate cash back card that lets cardholders earn up to $300 back for a limited time. ... (See Cash back)

Bank of America Cash Rewards vs. Blue Cash Preferred Card from American Express: Which is best? -- Deciding which gas rewards card is better for you depends on your needs and how you plan to use the card. Read on to see how these cards compare side-by-side. ... (See Gas rewards)

Free Spirit Dining program guide -- If you are a Free Spirit member, the Free Spirit Dining program is a great way to earn bonus miles -- you can earn up to 5 miles just by swiping your card at participating locations. ... (more)


 Rate report

View all rate report stories

Rate survey: Average card APR remains at record high of 16.75 percent -- June 13, 2018: The average credit card interest rate held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Rate survey: Average card APR breaks new record, climbing to 16.75 percent -- June 7, 2018 The average credit card interest rate sailed to another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (more)

Rate survey: Average card APR remains at record high of 16.73 percent -- May 30, 2018: The average credit card interest rate remained at a record high of 16.73 percent Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)


 Reaping Your Rewards

View all reaping your rewards stories

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)

‘Cash and points’ can cut the cost of hotel rooms -- When you don't have enough points to get a free room, 'cash and points’ lets you shave some of the costs of your room ... (See 'Cash and points' at hotels)

Plenty of rewards seats remain for last-minute summer travel, survey finds -- Finding seats for a last minute trip with credit card reward points during peak travel season can be difficult, but our survey shows there is availability if you know where to look ... (See Last-minute summer rewards travel)


 Research, statistics

View all research, statistics stories

Millennials are the worst tippers in the US, new survey finds -- Millennials are the worst tippers in the U.S., but they also are most in favor of paying more and not tipping at all, a new CreditCards.com survey finds. Other findings? Older people are more generous tippers, and women tip more than men. ... (See Millennials and tipping)

Rate survey: Average card APR remains at record high of 16.75 percent -- June 13, 2018: The average credit card interest rate held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rate report)

Rate survey: Average card APR breaks new record, climbing to 16.75 percent -- June 7, 2018 The average credit card interest rate sailed to another record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (more)


 Reward programs

View all reward programs stories

How to avoid credit card sign-up bonus bait and switch -- Just because a card company invites you to apply for a card and approves your application does not necessarily mean it will give you the sign-up bonus that comes with the offer. ... (See Avoiding sign-up bonus bait and switch)

Which American Airlines credit card should you choose? -- Whether you're a frequent flyer or just travel with your family once a year, these are the American Airlines cards with the best perks and rewards bonuses. ... (See Best American Airlines cards)

Best credit cards for newlyweds -- Now that you've said your vows, it might be time to combine your credit card rewards strategy. ... (See Best cards for new couples)


 Speaking of Credit

View all speaking of credit stories

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)

Will closing card with a remaining balance hurt my credit? -- Closing a card with a remaining balance might affect your score if your other balances are high, but the effect won't be immediate. ... (See Closing card with remaining balance)

Late payment? 4 ways it impacts your credit score -- How quickly your score can recover from a late payment will depend on a few factors, including recency and amount owed. ... (See Late payments)


 Student credit cards, young credit

View all student credit cards, young credit stories

Which card issuer allows different credit limits for multiple users? -- Most card issuers don't allow you to set individual spending limits for authorized users; American Express is the exception. ... (See Credit limits)

New Barclays Upromise World Mastercard to offer 1.25 percent back on every purchase -- Saving for college is about to get even more rewarding – thanks to an upgraded offer for the Upromise Mastercard. ... (See Upromise)

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)


 To Her Credit

View all to her credit stories

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)

Which card issuer allows different credit limits for multiple users? -- Most card issuers don't allow you to set individual spending limits for authorized users; American Express is the exception. ... (See Credit limits)

Why you shouldn't assume adult son's debts on new card -- It's natural to want to help, but putting your own finances in jeopardy is not the answer. ... (See Son's debt)


 Videos

View all videos stories

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)

Card or cash? When traveling abroad, you often need both -- Credit card or cash? When you travel abroad, you need both plastic and local currency, as some places take cards and some are cash only ... (See Cards or cash for travel abroad?)


 Your Business Credit

View all your business credit stories

Which business credit card should I use for office supplies? -- These business credit cards can help you score more rewards if you purchase a lot of office supplies. ... (See Business credit cards for office supplies)

What are some low-cost options to process credit cards for my business? -- Square, Clover and PayPal are three choices (among others), but each has unique features ... (See Credit card processing)

Best credit cards to use when self-publishing books -- If you plan on self-publishing a book and printing copies to sell at seminars or speeches, find a card with 0 percent interest and ample rewards to get the most out of your big purchase without sacrificing your profit ... (See Financing self-publishing book)