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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Overseas travel: Tips to use your credit card, mobile banking worry-free -- While geolocation, mobile apps and online tools have made it easy to use your credit card and bank account overseas, your card might still be declined. Follow these tips for a stress-free overseas card and banking experience ... (See Overseas travel)

Is Amazon Prime worth it? -- We crunched the numbers for seven Amazon Prime perks to help you figure out if the benefits outweigh the $99 fee. ... (See Amazon Prime)

Will banks raise APRs if stripped of legal shield provided by arbitration? -- Top regulators are feuding about the costs banks might pass on to customers if they're have to drop a shield from class-action lawsuits ... (See Will arbitration rule increase APRs?)


 Bad credit, credit repair

View all bad credit, credit repair stories

Q&A: How to achieve a good credit score as a first-time cardholder -- Achieving a good credit score is possible even if you are a first-time cardholder. Make sure to never miss a payment, keep a low balance and not apply for another card until your card is a year old. ... (See First-time cardholder's credit)

Average card APR stays put at 16.15 percent for fifth week: CreditCards.com Weekly Credit Card Rate Report -- Oct. 18, 2017: Interest rates on new card offers remained fixed in place Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rates )

Charged Up! podcast: How not to get rich – according to Mark Twain -- Author Alan Pell Crawford, author of "How Not To Get Rich: The Financial Misadventures of Mark Twain," discusses what we can learn from this literary genius’ financial failures ... (See Alan Pell Crawford)


 Balance transfer, debt consolidation

View all balance transfer, debt consolidation stories

Why carrying a balance on rewards cards is not a good idea -- Paying interest dilutes your rewards, so if you must carry a balance, find a low- or no-interest card and forgo those points and miles. ... (See Carrying a balance)

Average card APR stays put at 16.15 percent for fifth week: CreditCards.com Weekly Credit Card Rate Report -- Oct. 18, 2017: Interest rates on new card offers remained fixed in place Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rates )

Q&A with author Emma Johnson on protecting credit as a single parent -- As a single mom going through a big life change, it's critical to stay on top of your credit because that's when you're going to need it most ... (See Emma Johnson Q&A)


 Best credit cards

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Best Rewards Credit Cards -- See what our credit cards experts have to say about the three best rewards cards of Fall 2017. ... (See Best rewards credit cards)

Best cash back credit cards -- A popular card wins our best card contest for the second year in a row. ... (See Best cash back credit cards)

Best Student Credit Cards -- Our panel of judges names the Discover it Chrome as the top student card for fall 2016 ... (See Best student credit cards)


 Breaking news

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Average card APR stays put at 16.15 percent for fifth week: CreditCards.com Weekly Credit Card Rate Report -- Oct. 18, 2017: Interest rates on new card offers remained fixed in place Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rates )

Credit, debit cards slowly losing ground to digital payments -- Young consumers adopt the technology, but retain a preference for cash ... (See Millennials, digital payments and cash)

Debt relief firm that claimed ties to US government sued by CFPB -- The Consumer Financial Protection Bureau sued two companies both known as FDAA for an allegedly illegal debt relief scheme targeting credit card debtors ... (See Fake debt relief firm sued by CFPB)


 Business credit cards

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Average card APR stays put at 16.15 percent for fifth week: CreditCards.com Weekly Credit Card Rate Report -- Oct. 18, 2017: Interest rates on new card offers remained fixed in place Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rates )

How digital nomads can process payments overseas -- Entrepreneurs looking to live overseas need to consider payment options for customers. There are multiple software options and processing options for the nomadic entrepreneur looking to take their life abroad ... (See Processing payments overseas)

Q&A: How do redeemed travel points get refunded if I cancel? -- Most airline and hotel programs will issue a refund in points, but some, such as American Express, give you a statement credit. ... (See Refunds if you pay with points)


 Cash back cards

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Is it time for a holiday credit card swap? -- Between gifts, holiday travel and year-end expenses, the holidays are a good opportunity to score major rewards using the right credit card. Just make sure you meet minimum spends, avoid fees and don't carry a balance. ... (See Time for a holiday card swap?)

Average card APR stays put at 16.15 percent for fifth week: CreditCards.com Weekly Credit Card Rate Report -- Oct. 18, 2017: Interest rates on new card offers remained fixed in place Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rates )

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)


 Cashing In Q&A columns

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Q&A: How do redeemed travel points get refunded if I cancel? -- Most airline and hotel programs will issue a refund in points, but some, such as American Express, give you a statement credit. ... (See Refunds if you pay with points)

What is the best rewards card to pair with Delta SkyMiles airline card? -- Factors to consider when adding any rewards card include how much you spend, where you spend and what kind of rewards you prefer. ... (See Rewards card to pair with airline card)

Is it time to ditch the Virgin America credit card? -- The fate of the Virgin America rewards program is unclear as it merges with Alaska Airlines ... (See Virgin America card)


 Credit account management

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Overseas travel: Tips to use your credit card, mobile banking worry-free -- While geolocation, mobile apps and online tools have made it easy to use your credit card and bank account overseas, your card might still be declined. Follow these tips for a stress-free overseas card and banking experience ... (See Overseas travel)

Will banks raise APRs if stripped of legal shield provided by arbitration? -- Top regulators are feuding about the costs banks might pass on to customers if they're have to drop a shield from class-action lawsuits ... (See Will arbitration rule increase APRs?)

Q&A: How to verify a customer transaction made by phone -- Orders processed by phone are considered 'card-not-present' transactions, which pose a higher risk of fraud. In order to avoid losing money on an unauthorized purchase, make sure to take extra steps to verify them. ... (See Card not present fraud)


 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: How closing your card affects your credit score -- With big sign-on bonuses tempting you towards new cards, you may wonder if it’s time to close out cards you no longer use. If you do plan on closing a credit card or two, be sure to follow these tips to keep your credit score in check ... (See Video: closing your credit card)

Fashion meets mobile payments in the dressing room of the future -- Mastercard and Marie Claire are unveiling the dressing room of the future, where consumers will be able to shop and pay using a "smart mirror." ... (See Video: the dressing room of the future)

Video: 4 credit card reward hacks -- Here are four of our favorite hacks to help you get the most out of every dollar you spend. ... (See Video: Credit card reward hacks)


 Credit scores, credit reports

View all credit scores, credit reports stories

Q&A: Will closing old, annual-fee card hit my score? -- Closing an old, unused, annual-fee card can hurt your score if it's the oldest account on your credit report and/or you keep a high balance on other cards. In that case, consider asking your issuer downgrading the account to a no-fee card. ... (See Closing old annual-fee card)

Why carrying a balance on rewards cards is not a good idea -- Paying interest dilutes your rewards, so if you must carry a balance, find a low- or no-interest card and forgo those points and miles. ... (See Carrying a balance)

My credit score’s 750! Why was I denied a card? -- Five reasons why you may be denied a credit card, even if your credit score is excellent ... (See Denied credit card)


 Emerging payment systems: Prepaid, debit, gift cards

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

Overseas travel: Tips to use your credit card, mobile banking worry-free -- While geolocation, mobile apps and online tools have made it easy to use your credit card and bank account overseas, your card might still be declined. Follow these tips for a stress-free overseas card and banking experience ... (See Overseas travel)

Bonus card rewards for mobile payments aim to win over users -- While credit cards have long vied to be top of wallet, issuers now aim to be a cardholder's default payment app, too ... (See Bonus rewards for mobile payments)

How digital nomads can process payments overseas -- Entrepreneurs looking to live overseas need to consider payment options for customers. There are multiple software options and processing options for the nomadic entrepreneur looking to take their life abroad ... (See Processing payments overseas)


 Expert Q&A

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Q&A: How to verify a customer transaction made by phone -- Orders processed by phone are considered 'card-not-present' transactions, which pose a higher risk of fraud. In order to avoid losing money on an unauthorized purchase, make sure to take extra steps to verify them. ... (See Card not present fraud)

Q&A: Will closing old, annual-fee card hit my score? -- Closing an old, unused, annual-fee card can hurt your score if it's the oldest account on your credit report and/or you keep a high balance on other cards. In that case, consider asking your issuer downgrading the account to a no-fee card. ... (See Closing old annual-fee card)

How to stop debt collectors from contacting you about a relative -- Collectors are allowed one phone call in an attempt to find someone, but after that, they are breaking the law. ... (See Debt collection )


 Frequent flyer programs, airline rewards

View all frequent flyer programs, airline rewards stories

Is it time for a holiday credit card swap? -- Between gifts, holiday travel and year-end expenses, the holidays are a good opportunity to score major rewards using the right credit card. Just make sure you meet minimum spends, avoid fees and don't carry a balance. ... (See Time for a holiday card swap?)

Why carrying a balance on rewards cards is not a good idea -- Paying interest dilutes your rewards, so if you must carry a balance, find a low- or no-interest card and forgo those points and miles. ... (See Carrying a balance)

Airport lounge tips from tech CEO who turned airline clubs into a business -- LoungeBuddy CEO Tyler Dikman shares his thoughts on the best way to use cards to unlock lounge access. ... (See Airport lounge tips)


 Get to the Points

View all get to the points stories

Why carrying a balance on rewards cards is not a good idea -- Paying interest dilutes your rewards, so if you must carry a balance, find a low- or no-interest card and forgo those points and miles. ... (See Carrying a balance)

Why airline 'mileage millionaires' love gift cards -- Some frequent-flyer-mile fanatics run through more retailer, Visa and MasterCard gift cards than you can imagine using techniques that are totally legal, but probably still eyebrow-raising ... (See Gift cards)

Strategies for spouses doubling up on rewards cards -- There are times when a couple can really rack up the points if both apply for the same card, but it does take some additional strategy to play your collective cards right. ... (See Rewards card strategies for spouses)


 Infographics

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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)

Credit, debit cards slowly losing ground to digital payments -- Young consumers adopt the technology, but retain a preference for cash ... (See Millennials, digital payments and cash)

Mobile payments at register climb, but slowly -- Just 1 in 5 Americans made such a payment in past six months, and the projections call for slow growth ... (See Mobile payment projections)


 Innovations, features, new products

View all innovations, features, new products stories

Overseas travel: Tips to use your credit card, mobile banking worry-free -- While geolocation, mobile apps and online tools have made it easy to use your credit card and bank account overseas, your card might still be declined. Follow these tips for a stress-free overseas card and banking experience ... (See Overseas travel)

Bonus card rewards for mobile payments aim to win over users -- While credit cards have long vied to be top of wallet, issuers now aim to be a cardholder's default payment app, too ... (See Bonus rewards for mobile payments)

How digital nomads can process payments overseas -- Entrepreneurs looking to live overseas need to consider payment options for customers. There are multiple software options and processing options for the nomadic entrepreneur looking to take their life abroad ... (See Processing payments overseas)


 Legal, regulatory, privacy issues

View all legal, regulatory, privacy issues stories

Will banks raise APRs if stripped of legal shield provided by arbitration? -- Top regulators are feuding about the costs banks might pass on to customers if they're have to drop a shield from class-action lawsuits ... (See Will arbitration rule increase APRs?)

How to stop debt collectors from contacting you about a relative -- Collectors are allowed one phone call in an attempt to find someone, but after that, they are breaking the law. ... (See Debt collection )

Average card APR stays put at 16.15 percent for fifth week: CreditCards.com Weekly Credit Card Rate Report -- Oct. 18, 2017: Interest rates on new card offers remained fixed in place Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rates )


 Low interest, zero percent cards

View all low interest, zero percent cards stories

Average card APR stays put at 16.15 percent for fifth week: CreditCards.com Weekly Credit Card Rate Report -- Oct. 18, 2017: Interest rates on new card offers remained fixed in place Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rates )

Rate survey: Average card APR stays at 16.15 percent for fourth week -- Oct. 11, 2017: Interest rates on new card offers held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate survey)

Rate survey: Average card APR holds steady at 16.15 percent -- Oct. 4, 2017: Interest rates on new credit card offers remained unchanged this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)


 Opening Credits

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Q&A: Is a signature required for a new card application? -- There are several ways to apply for a new card, including how you sign the application. ... (See Credit card applications)

Steps to take when a fraudster opens a card in your name -- A mysterious card statement that shows up in your name with a balance on it means you have to take action. ... (See Credit card fraud)

Q&A: How to raise credit score after student loan is rehabilitated -- After a student loan default and rehab, the negative mark should disappear after 7 years, but you need additional positive credit lines contributing to your credit to rebuild a good score. ... (See Student loan)


 Podcast

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Charged Up! podcast: How not to get rich – according to Mark Twain -- Author Alan Pell Crawford, author of "How Not To Get Rich: The Financial Misadventures of Mark Twain," discusses what we can learn from this literary genius’ financial failures ... (See Alan Pell Crawford)

Charged Up! podcast: The art of cultivating joy -- Whether you're looking for financial freedom or to overcome debt and credit anxiety, the art of cultivating joy every day is an important tool to think clearly, make wise decisions and stay grounded as you move forward ... (See Chade-Meng Tan)

Charged Up! podcast: Becoming a successful entrepreneur -- Author and business consultant Dorie Clark's tips and secrets will be useful to anyone who has to deal with customers and wants to make sure they are always selling their mission ... (See Dorie Clark podcast)


 Products

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Is Amazon Prime worth it? -- We crunched the numbers for seven Amazon Prime perks to help you figure out if the benefits outweigh the $99 fee. ... (See Amazon Prime)

Venture card from Capital One raises sign-up bonus to 50,000 miles -- New Venture cardholders can now receive a one-time 50,000-mile bonus after spending $3,000 in the first three months of card membership. ... (See Venture)

Blue Cash Everyday versus Blue Cash Preferred: Which is best for you? -- The Blue Cash Preferred and Blue Cash Everyday cards both offer high rates of cash back on gas and groceries. But if you’re avoiding the Preferred version due to its $95 fee, we think you should give the card a second look. ... (See Blue Cash)


 Rate report

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Average card APR stays put at 16.15 percent for fifth week: CreditCards.com Weekly Credit Card Rate Report -- Oct. 18, 2017: Interest rates on new card offers remained fixed in place Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rates )

Rate survey: Average card APR stays at 16.15 percent for fourth week -- Oct. 11, 2017: Interest rates on new card offers held steady this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate survey)

Rate survey: Average card APR holds steady at 16.15 percent -- Oct. 4, 2017: Interest rates on new credit card offers remained unchanged this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Rate report)


 Reaping Your Rewards

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Airport lounge tips from tech CEO who turned airline clubs into a business -- LoungeBuddy CEO Tyler Dikman shares his thoughts on the best way to use cards to unlock lounge access. ... (See Airport lounge tips)

Hunting for more rewards? Don’t overlook business cards -- If there is a reward card you like but you already have it, you can often apply for a business version of the card. You might be surprised to learn that you don’t actually have to run a full-time incorporated business to be approved. ... (See Business cards)

Use free card services to monitor your credit in wake of Equifax breach -- With recent data breaches at Equifax and elsewhere, card issuers offer options that can help guard against errors and fraud ... (See Credit monitoring)


 Research, statistics

View all research, statistics stories

Will banks raise APRs if stripped of legal shield provided by arbitration? -- Top regulators are feuding about the costs banks might pass on to customers if they're have to drop a shield from class-action lawsuits ... (See Will arbitration rule increase APRs?)

Average card APR stays put at 16.15 percent for fifth week: CreditCards.com Weekly Credit Card Rate Report -- Oct. 18, 2017: Interest rates on new card offers remained fixed in place Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report ... (See Rates )

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)


 Reward programs

View all reward programs stories

Is Amazon Prime worth it? -- We crunched the numbers for seven Amazon Prime perks to help you figure out if the benefits outweigh the $99 fee. ... (See Amazon Prime)

Venture card from Capital One raises sign-up bonus to 50,000 miles -- New Venture cardholders can now receive a one-time 50,000-mile bonus after spending $3,000 in the first three months of card membership. ... (See Venture)

Is it time for a holiday credit card swap? -- Between gifts, holiday travel and year-end expenses, the holidays are a good opportunity to score major rewards using the right credit card. Just make sure you meet minimum spends, avoid fees and don't carry a balance. ... (See Time for a holiday card swap?)


 Shopping

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Overseas travel: Tips to use your credit card, mobile banking worry-free -- While geolocation, mobile apps and online tools have made it easy to use your credit card and bank account overseas, your card might still be declined. Follow these tips for a stress-free overseas card and banking experience ... (See Overseas travel)

Is it time for a holiday credit card swap? -- Between gifts, holiday travel and year-end expenses, the holidays are a good opportunity to score major rewards using the right credit card. Just make sure you meet minimum spends, avoid fees and don't carry a balance. ... (See Time for a holiday card swap?)

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)


 Speaking of Credit

View all speaking of credit stories

Q&A: How to achieve a good credit score as a first-time cardholder -- Achieving a good credit score is possible even if you are a first-time cardholder. Make sure to never miss a payment, keep a low balance and not apply for another card until your card is a year old. ... (See First-time cardholder's credit)

Q&A: How to handle old debt soon to be sent to collections -- If sent to collections, an old debt can have legal and credit scoring consequences. Consider the age and amount of the debt before making any decision, and, if you can, find a way to pay it off. ... (See Old debt and collection)

Q&A: How credit utilization is calculated in a married couple's credit scores -- For credit scoring purposes we remain single perpetually, but couples can boost each other's credit by adding each other as authorized users to accounts in good standing ... (See Married couples and credit utilization)


 Student credit cards, young credit

View all student credit cards, young credit stories

Q&A: How to achieve a good credit score as a first-time cardholder -- Achieving a good credit score is possible even if you are a first-time cardholder. Make sure to never miss a payment, keep a low balance and not apply for another card until your card is a year old. ... (See First-time cardholder's credit)

Q&A: Can private schools charge convenience fees? -- They can, so if you plan on paying for a private school tuition with a credit card, be prepared to pay a hefty convenience fee ... (See Private school convenience fees)

Chart: Historic credit card interest rates -- See key rates data from our weekly survey of card APRs 2010-2017 ... (See Historic credit card rates)


 The Credit Guy

View all the credit guy stories

Q&A: Will closing old, annual-fee card hit my score? -- Closing an old, unused, annual-fee card can hurt your score if it's the oldest account on your credit report and/or you keep a high balance on other cards. In that case, consider asking your issuer downgrading the account to a no-fee card. ... (See Closing old annual-fee card)

Q&A: Should I close high-limit, zero-balance cards I don't use? -- If you have several credit cards with high limits and no balance, which you hardly use, you might consider closing one of them, especially if it has an annual fee. Just make sure to keep your oldest cards open. ... (See Unused cards with high credit limit)

Q&A: What to do if merchant details on card statement are unfamiliar -- Finding charges inaccurately reported on credit card statements can be annoying, but disputing them can be cumbersome. Keeping receipts and tracking expenses can help you figure out legitimate expenses without having to initiate a chargeback. ... (See Merchant details)


 To Her Credit

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How to stop debt collectors from contacting you about a relative -- Collectors are allowed one phone call in an attempt to find someone, but after that, they are breaking the law. ... (See Debt collection )

Avoid raiding retirement accounts to pay credit card debt -- Draining retirement funds to repay card debt can leave you destitute in your golden years. ... (See Retirement accounts)

When a balance transfer card trumps a debt consolidation loan -- When you only have one large, high-interest card balance, it's often easier and simpler to apply for a balance transfer card with an extended 0 percent promotional offer than a bank loan. ... (See Consolidation loan)


 Your Business Credit

View all your business credit stories

Q&A: How to verify a customer transaction made by phone -- Orders processed by phone are considered 'card-not-present' transactions, which pose a higher risk of fraud. In order to avoid losing money on an unauthorized purchase, make sure to take extra steps to verify them. ... (See Card not present fraud)

Q&A: Options to collect from customers who can't pay their balance in full -- When dealing with customers in financial distress, suggesting a payment plan might be the best way to ensure you get full payment. ... (See Collecting from customers)

Q&A: Ex-partner was authorized user; is he liable for card debt? -- Your ex-business partner could be equally liable for the company's credit card debt even if he was just an authorized user on the card. Here's how to find out. ... (See Authorized user)