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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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)

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?)

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)


 Balance transfer debt consolidation

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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)

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. ... (See Weekly rate report)

2018 Credit Card Fee Survey: Fees freeze as rates rise -- Cardholders are most likely to pay fees if they pay late, take out a cash advance or carry a balance, according to the 2018 CreditCards.com Credit Card Fee Survey. ... (See 2018 Credit Card Fee Survey)


 Breaking news

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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)

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. ... (See Weekly rate report)

2018 Credit Card Fee Survey: Fees freeze as rates rise -- Cardholders are most likely to pay fees if they pay late, take out a cash advance or carry a balance, according to the 2018 CreditCards.com Credit Card Fee Survey. ... (See 2018 Credit Card Fee Survey)


 Business credit, business cards

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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)

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. ... (See Weekly rate report)

Small Business Credit Profile: Handyman Connection -- Lesson learned: Once Christian started charging thousands of dollars on his cards each month for his online home repair business, his large credit utilization prevented him from getting a line of credit. ... (See Small Business Credit Profile: Handyman Connection)


 Business travel

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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)

Weekend getaway guide: Make the most of a quick trip using credit cards -- Looking forward a weekend getaway? Start by picking the right time and destination and take advantage of the rewards and perks offered by your credit cards for a perfect trip. ... (See Weekend getaway guide)


 Cash back cards

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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)

Americans love their cash back credit cards -- A new CreditCards.com survey reveals 43 percent of rewards card holders prefer cash back cards. ... (See Cash back rewards)

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. ... (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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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)

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)

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)


 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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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 )

Millionaire with a low credit score: Options for improving -- If you have plenty of cash on hand to eliminate your bad debts, you should do it. But it still may not improve your credit score right away. ... (See Collection items and credit scores )

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. ... (See Weekly rate report)


 Emerging payment systems: Prepaid, debit, gift cards

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Venmo guide: How to send, receive money using Venmo -- Venmo is a peer-to-peer payment app owned by PayPal. Whether you're a Venmo aficionado or considering opening an account, here's what you need to know, including fees, security, privacy and card use options. ... (See Guide to Venmo)

Student ID cards moving into mobile wallets -- Apple is opening its mobile wallet to college IDs that students also use as payment cards ... (See College IDs in mobile wallets)

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)


 Expert Q&A

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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?)

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)

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)


 Fine Print

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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)

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)


 Frequent flyer programs, airline rewards

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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)

Small Business Credit Profile: Handyman Connection -- Lesson learned: Once Christian started charging thousands of dollars on his cards each month for his online home repair business, his large credit utilization prevented him from getting a line of credit. ... (See Small Business Credit Profile: Handyman Connection)

5 great Thanksgiving trips, and how to save on them with rewards -- Want to take a family vacation instead of the traditional dinner at home this Thanksgiving? Here are five great destinations, and how you can save on travel costs with credit card rewards. ... (See Thanksgiving 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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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)

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)


 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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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)

Student ID cards moving into mobile wallets -- Apple is opening its mobile wallet to college IDs that students also use as payment cards ... (See College IDs in mobile wallets)

Why credit card annual fees scare me -- Many cash back cards give you free money without having to worry about a surprise annual fee added to your balance. ... (See Credit card annual fees)


 Legal, regulatory, privacy issues

View all legal, regulatory, privacy issues stories

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)

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)

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 )


 Low interest, zero percent cards

View all low interest, zero percent cards stories

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. ... (See Weekly rate report)

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)

Weekly rate report: Average card rate registers at 16.92 percent for fourth week -- September 26, 2018: The average credit card interest rate didn’t budge 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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What you need to know about the Venmo debit card -- Venmo’s parent company, PayPal, has launched a new debit card that can be used anywhere Mastercard is accepted in the U.S. ... (See Venmo )

AmEx Gold Card's enhanced 4-point bonus for foodies -- Along with a four-point bonus at U.S. supermarkets and U.S. restaurants, the new American Express Gold card offers a $120 annual dining credit (enrollment required). ... (See American Express Gold Card)

The Discover Deals program is coming to an end -- Discover cardholders can earn discounts through the Discover Deals mall until Oct. 31, 2018 ... (See Discover Deals program is ending)


 Rate report

View all rate report stories

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. ... (See Weekly rate report)

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)

Weekly rate report: Average card rate registers at 16.92 percent for fourth week -- September 26, 2018: The average credit card interest rate didn’t budge 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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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 )

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. ... (See Weekly rate report)


 Reward programs

View all reward programs stories

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)

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?)

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)


 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

View all student credit cards, young credit stories

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

View all your business credit stories

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)

Electronic receipts: Can retailers issuing them instead of printed receipts? -- If you're a small business considering issuing electronic-only receipts, start by checking what local and state laws dictate. But you should also consider any possible privacy and liability concerns. ... (See Electronic versus printed receipts)