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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New "UltraFICO" score will focus on checking history -- For the first time, a FICO credit score will take into account how much money you have in the bank, instead of your credit history. ... (See New FICO score )

Card rewards strategy for planning a trip of a lifetime -- If you’ve never taken advantage of travel rewards before, you’ll need to give yourself ample time to make your first rewards-funded trip a reality. ... (See Trip of a lifetime)

Redeeming your credit card rewards for moments and experiences -- We have compiled an ongoing list of experiences and moments that can be purchased or bid on using credit cards rewards or cash. ... (See Credit card moments and experiences)


 Balance transfer debt consolidation

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Citi balance transfer guide -- Considering a balance transfer to a Citi credit card? Here's everything you need to know, including card options, fees, restrictions and tips for improving your chances of approval. ... (See How to transfer a balance to a Citi card)

American Express balance transfer guide -- Considering a balance transfer to an American Express credit card? Here's everything you need to know, including card options, fees, restrictions and tips for improving your chances of approval. ... (See American Express balance transfer guide)

Discover balance transfer guide -- Considering a balance transfer to a Discover credit card? Here's everything you need to know, including card options, fees, restrictions and tips for improving your chances of approval. ... (See Discover balance transfer guide)


 Breaking news

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New "UltraFICO" score will focus on checking history -- For the first time, a FICO credit score will take into account how much money you have in the bank, instead of your credit history. ... (See New FICO score )

Weekly rate report: Average card APR remains at record high of 17.07 percent for second week -- October 17, 2018: The average credit card interest rate held steady at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Mastercard announces real-time bill payment -- Mastercard announced a system coming in 2019 to pay bills almost instantly using new bank-to-bank payment infrastructure. ... (See Real-time bill payments)


 Business credit, business cards

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Same customer, multiple unsigned cards, different names: What to do -- If you have a recurring customer who pays with multiple unsigned cards under different names, there are ways to protect yourself from possible fraud. Here's how to proceed. ... (See Multiple unsigned cards, different names)

Mobile card readers: Are they safe for small businesses? -- Mobile point-of-sale devices equipped with payment technology from companies such as Square and PayPal are convenient for small businesses, but are vulnerable to cybercriminals ... (See Mobile card reader security )

Weekly rate report: Average card APR remains at record high of 17.07 percent for second week -- October 17, 2018: The average credit card interest rate held steady at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)


 Business travel

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Last-minute holiday travel: Dos, don'ts, rewards cards tips -- If you waited till the last minute to plan a holiday vacation, here's how to score the best deals and use card rewards and loyalty programs on last-minute holiday travel. ... (See Last-minute holiday travel)

Booking through a travel portal: Avoid these mistakes -- Third-party travel sites are convenient and may offer great rates, but they might not always offer the best price or let you earn travel rewards. Avoid these booking mistakes by shop comparison first. ... (See Travel portal mistakes)

How to prepare for a trip to a hurricane-prone area -- Fall is a great time to travel, but you could end up in the path of a hurricane depending on where you go. Here's how to prepare for an emergency and how credit card perks can help you adjust your plans ... (See Hurricane travel preparations)


 Cash back cards

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Card rewards strategy for planning a trip of a lifetime -- If you’ve never taken advantage of travel rewards before, you’ll need to give yourself ample time to make your first rewards-funded trip a reality. ... (See Trip of a lifetime)

Credit card rewards: 5 things to do before the year ends -- The last quarter of the year is the time to make sure you're maximizing your rewards cards' annual earning potential. This to-do list will help you take advantage of all the bonuses and perks your cards can offer. ... (See Card rewards to-do list)

Weekly rate report: Average card APR remains at record high of 17.07 percent for second week -- October 17, 2018: The average credit card interest rate held steady at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)


 Cashing In Q&A columns

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New American Express Gold Card: Is it worth it? -- American Express has launched an updated version of its Gold Card that offers bonus points on dining and can even be ordered in rose gold. Is it worth it? ... (See New American Express Gold Card: Is it worth it?)

Split cost of high annual-fee rewards card with relative: Pros, cons -- Sharing the cost of a pricey high-end rewards credit card with an authorized user can make sense, but only if you trust their financial habits. ... (See Sharing cost of high-end rewards credit card)

Pay taxes with credit card to earn rewards: Is it worth it? -- Paying taxes with a credit card qualify as a purchase, which means you'll earn rewards. However, the fees you'll have to pay will most likely wipe out any value on those rewards. Do the math first. ... (See Paying taxes with a credit card)


 Credit account management

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New "UltraFICO" score will focus on checking history -- For the first time, a FICO credit score will take into account how much money you have in the bank, instead of your credit history. ... (See New FICO score )

Credit card billing cycles: How long can they be? -- There's not a limit to the number of days a monthly billing period can have, so you may end up having unusually long billing cycles. However, that doesn't mean you'll pay more interest in a year. ... (See Long billing cycles)

Citi balance transfer guide -- Considering a balance transfer to a Citi credit card? Here's everything you need to know, including card options, fees, restrictions and tips for improving your chances of approval. ... (See How to transfer a balance to a Citi 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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New "UltraFICO" score will focus on checking history -- For the first time, a FICO credit score will take into account how much money you have in the bank, instead of your credit history. ... (See New FICO score )

Should I close high-balance card if offered a lower APR? -- If you close the card but continue to pay off the balance, your credit score won't change much for a while. However, moving the debt to a loan or a balance transfer card could help your score improve sooner. ... (See Close maxed-out card for lower APR? )

Weekly rate report: Average card APR remains at record high of 17.07 percent for second week -- October 17, 2018: The average credit card interest rate held steady at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)


 Emerging payment systems: Prepaid, debit, gift cards

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Mobile card readers: Are they safe for small businesses? -- Mobile point-of-sale devices equipped with payment technology from companies such as Square and PayPal are convenient for small businesses, but are vulnerable to cybercriminals ... (See Mobile card reader security )

Zelle guide: How it works, how to protect your account -- Zelle, the easy-to-use person-to-person payment service now used by more than 100 banks in the U.S., is becoming increasingly popular -- but its simplicity may also make it vulnerable to fraud. ... (See Zelle guide)

Small Business Credit Profile: Erin Pelicano Jewelry -- After a random Pinterest posting of one of her designs, orders surged. Pelicano turned to her credit cards to quickly fund the materials she needed to meet the onslaught of orders. ... (See Erin Pelicano Jewelry)


 Expert Q&A

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Same customer, multiple unsigned cards, different names: What to do -- If you have a recurring customer who pays with multiple unsigned cards under different names, there are ways to protect yourself from possible fraud. Here's how to proceed. ... (See Multiple unsigned cards, different names)

Why I wish I had a card with better travel protections -- After being stranded in the early morning hours due to a canceled flight, having a card with stronger travel protections would have come in handy. ... (See Travel protections)

Credit card billing cycles: How long can they be? -- There's not a limit to the number of days a monthly billing period can have, so you may end up having unusually long billing cycles. However, that doesn't mean you'll pay more interest in a year. ... (See Long billing cycles)


 Fine Print

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Credit card billing cycles: How long can they be? -- There's not a limit to the number of days a monthly billing period can have, so you may end up having unusually long billing cycles. However, that doesn't mean you'll pay more interest in a year. ... (See Long billing cycles)

Cash advance: Can interest charges continue indefinitely? -- If you don't want to pay interest on a cash advance indefinitely, make sure to pay the cash advance balance on your monthly statement in addition to the minimum payment. ... (See Cash advance interest charges)

Crowdfunding credit card debt: Pros, cons -- You can crowdfund your credit card debt online, but the success rates are low and there are quite a few rules and risks to consider. ... (See Crowdfunding credit card debt)


 Frequent flyer programs, airline rewards

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Card rewards strategy for planning a trip of a lifetime -- If you’ve never taken advantage of travel rewards before, you’ll need to give yourself ample time to make your first rewards-funded trip a reality. ... (See Trip of a lifetime)

Credit card rewards: 5 things to do before the year ends -- The last quarter of the year is the time to make sure you're maximizing your rewards cards' annual earning potential. This to-do list will help you take advantage of all the bonuses and perks your cards can offer. ... (See Card rewards to-do list)

Why I wish I had a card with better travel protections -- After being stranded in the early morning hours due to a canceled flight, having a card with stronger travel protections would have come in handy. ... (See Travel protections)


 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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Credit card rewards: 5 things to do before the year ends -- The last quarter of the year is the time to make sure you're maximizing your rewards cards' annual earning potential. This to-do list will help you take advantage of all the bonuses and perks your cards can offer. ... (See Card rewards to-do list)

Booking flights: When to pay cash, when to redeem miles -- How do you decide when it is worth spending miles on airfare rather than paying cash? Here are three reasons to pay a flight with cash, three to redeem miles instead, and three scenarios where paying with miles and cash is the way to go. ... (See Pay airfare with cash versus miles)

Hotel stays: When to pay cash, when to redeem points -- How do you decide when it is worth spending points on a hotel stay rather than paying cash? Here are three reasons to pay a hotel room with cash, and three scenarios where redeeming points may make more sense. ... (See Paying hotel stay cash versus redeeming points)


 Infographics

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Holiday shopping: Many consumers would give up their data for discounts -- A new survey shows the share of U.S. consumers who are reluctant to give up their data to a store for a holiday discount has fallen since last year, despite high-profile data breaches. ... (See Holiday shopping security)

Millennials manage spending, debt better than older generations -- A new study shows millennials are outdoing their parents' and grandparents' generations when it comes to keeping spending and debt in check. ... (See Millennials' money habits)

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 )


 Innovations, features, new products

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New "UltraFICO" score will focus on checking history -- For the first time, a FICO credit score will take into account how much money you have in the bank, instead of your credit history. ... (See New FICO score )

Zelle guide: How it works, how to protect your account -- Zelle, the easy-to-use person-to-person payment service now used by more than 100 banks in the U.S., is becoming increasingly popular -- but its simplicity may also make it vulnerable to fraud. ... (See Zelle guide)

Mastercard announces real-time bill payment -- Mastercard announced a system coming in 2019 to pay bills almost instantly using new bank-to-bank payment infrastructure. ... (See Real-time bill payments)


 Legal, regulatory, privacy issues

View all legal, regulatory, privacy issues stories

Same customer, multiple unsigned cards, different names: What to do -- If you have a recurring customer who pays with multiple unsigned cards under different names, there are ways to protect yourself from possible fraud. Here's how to proceed. ... (See Multiple unsigned cards, different names)

Credit card billing cycles: How long can they be? -- There's not a limit to the number of days a monthly billing period can have, so you may end up having unusually long billing cycles. However, that doesn't mean you'll pay more interest in a year. ... (See Long billing cycles)

Zelle guide: How it works, how to protect your account -- Zelle, the easy-to-use person-to-person payment service now used by more than 100 banks in the U.S., is becoming increasingly popular -- but its simplicity may also make it vulnerable to fraud. ... (See Zelle guide)


 Low interest, zero percent cards

View all low interest, zero percent cards stories

Weekly rate report: Average card APR remains at record high of 17.07 percent for second week -- October 17, 2018: The average credit card interest rate held steady at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Weekly rate report: Average card APR climbs to all-time record high of 17.07 percent -- October 10, 2018: The average credit card interest rate smashed another record this week, climbing to 17.07 percent – an all-time high. ... (more)

Weekly rate report: Average card rate climbs to 17.01 percent -- October 3, 2018: The average credit card interest rate climbed past 17 percent Wednesday for the first time since August, 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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Redeeming your credit card rewards for moments and experiences -- We have compiled an ongoing list of experiences and moments that can be purchased or bid on using credit cards rewards or cash. ... (See Credit card moments and experiences)

MOGL dining rewards program guide -- The MOGL dining rewards program includes a charitable twist and offers easy access to your cash back. ... (See MOGL dining rewards program guide)

New Air France-KLM card offers 25,000 bonus miles -- Bank of America and Air France-KLM have partnered to launch a co-branded airline rewards card. Along with its 25,000-mile sign-up bonus, the new Air France KLM World Elite Mastercard offers bonus miles on every purchase. ... (See Airline rewards)


 Rate report

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Weekly rate report: Average card APR remains at record high of 17.07 percent for second week -- October 17, 2018: The average credit card interest rate held steady at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Weekly rate report: Average card APR climbs to all-time record high of 17.07 percent -- October 10, 2018: The average credit card interest rate smashed another record this week, climbing to 17.07 percent – an all-time high. ... (more)

Weekly rate report: Average card rate climbs to 17.01 percent -- October 3, 2018: The average credit card interest rate climbed past 17 percent Wednesday for the first time since August, 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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Weekly rate report: Average card APR remains at record high of 17.07 percent for second week -- October 17, 2018: The average credit card interest rate held steady at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Report. ... (See Weekly rate report)

Millennial homeownership hampered by high APRs, card balances -- A new study shows nearly three quarters of millennials rate homeownership as a "top priority." But rising interest rates and high card balances could keep many of them from making down payments on their first homes. ... (See Millennials and homeownership)

Identity theft insurance: Should you buy it from your home insurer? -- Identity theft protection from your home insurer can help you recover from fraud damage, but there are preventive measures you can take for free ... (See Identity theft insurance )


 Reward programs

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Card rewards strategy for planning a trip of a lifetime -- If you’ve never taken advantage of travel rewards before, you’ll need to give yourself ample time to make your first rewards-funded trip a reality. ... (See Trip of a lifetime)

Redeeming your credit card rewards for moments and experiences -- We have compiled an ongoing list of experiences and moments that can be purchased or bid on using credit cards rewards or cash. ... (See Credit card moments and experiences)

Credit card rewards: 5 things to do before the year ends -- The last quarter of the year is the time to make sure you're maximizing your rewards cards' annual earning potential. This to-do list will help you take advantage of all the bonuses and perks your cards can offer. ... (See Card rewards to-do list)


 Speaking of Credit

View all speaking of credit stories

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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Credit card rewards: How to share them with authorized users -- Earning rewards as an authorized user doesn't mean you're automatically entitled to use them – but you could negotiate a plan with the primary cardholder. ... (See Negotiating card rewards as an authorized user)

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 )


 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

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Same customer, multiple unsigned cards, different names: What to do -- If you have a recurring customer who pays with multiple unsigned cards under different names, there are ways to protect yourself from possible fraud. Here's how to proceed. ... (See Multiple unsigned cards, different names)

Merchants who accept PayPal, Venmo, Zelle payments: Pros, cons -- New payment options such as PayPal, Zelle and Venmo can be convenient for small businesses, but only with people you know and trust as they don't offer the same protections as credit cards, checks or ACH payments. ... (See New payment solutions for small businesses)

Credit card surcharges: How they work, rules -- Many businesses impose surcharges when customers use a credit card for under a certain amount. However, there are laws in place to protect you from being charged extra unfairly. ... (See Credit card surcharges)