While we have seen an exponential increase in benefits added to premium credit cards over the past few years, we've also seen an uptick in the annual fees associated with the cards. Most recently, Chase has increased the annual fee to their premium card, the Chase Sapphir...Read more →
When someone pulls a credit card out of their wallet, you can get a sense of their net worth. A plastic no-annual-fee card? You're part of the hoi polloi. Move up to a gold or platinum card that has an annual fee, and you're starting to climb the ladder. Whip out a metal ...Read more →
If you're mired in credit card debt, personal loans can be one option for paying off that debt. These loans allow you to pay off your credit cards in one swoop, oftentimes at lower interest rates than what you're paying on your cards. You can also get a fixed rate loan, w...Read more →
Even though credit and debit cards are ubiquitous in today's society, cash has traditionally maintained its position as consumers' favorite method of payment, according to the annual Diary of Consumer Payment Choice (DCPC), put together by the Federal Reserve Banks of Atl...Read more →
Now that 2019 is in the books and we are a few weeks into 2020, credit card experts have had the time to reflect on the past year. We saw several exciting changes take place in 2019, with the emergence of the Apple credit card, large sign-up bonuses offered during Q4, as ...Read more →
Discover is known for its cash-back rewards program, the first credit card rewards program where cardholders could get actual cash returned to them, rather than being forced to apply the rewards to their bill. Now Discover is offering a new way to redeem cash back rewards...Read more →
Goldman Sachs and their partnership with Apple made a huge splash when they entered the credit card space with the new Apple credit card. Many consumers flocked to the card due to the rewards as well as the general trend among the US consumer base to adapt to anything and...Read more →
For the last edition of the credit card roundup series, we touched on the biggest credit card story of 2019. This time, we are asking a panel what the biggest consumer credit story in general was, which may include both credit cards and general credit happenings:
“What...Read more →
For many people, one of the tougher parts of being an adult is dealing with debt. Whether you have a mortgage or student loan payments, medical debt or credit card debt (or any combination of those), having to owe money can have a negative psychological impact on you. Thi...Read more →
The past two editions of our roundups have been reflections of events from last year. Now that we are a few weeks into 2020 and the holidays have passed, it's time to address the exciting potential that the new year will bring. For the past few years, Jason has asked for ...Read more →
Your inbox is full of shopping deals, and you've scoped out Black Friday and Cyber Monday sales. Maybe you have a new rewards card in your wallet and you're planning to use it to qualify for a sweet signing bonus. You're ready for holiday shopping.
Or are you?
Shop...Read more →
Credit card companies entice consumers with long APR's to try to motivate them to grab their business and in the process, save, through balance transfers. Yet, many of these longer 0% terms come strapped with a balance transfer fee. Is it in the best interest for a consum...Read more →
Earlier this year, I wrote about Mastercard's new True Name feature. This option, announced during Pride Week, will allow people who identify as transgender or non-binary to have a credit or debit card with the name they use, rather than their legal name. It was a first f...Read more →
Before credit card rewards programs catapulted to the point where they are today, travel experts would always say that the best thing you could do is to align yourself with one airline and one hotel chain. Even with the robust nature of credit card rewards earnings, this ...Read more →
We’ve compiled an extensive list of balance transfer credit cards and ranked them in border based on total savings.
The methodology for the ratings is based on the total amount of savings when a $5000 balance is moved from an account with a 15% interest rate with no a...Read more →
This week, Discover announced that it was finally updating its credit cards to enable contactless payments. Contactless technology allows cardholders to skip swiping or inserting their card into a card reader. They can just tap their card to a contactless-enabled payment ...Read more →
A new credit card announced itself last week and while it has prompted some eye-rolling, is it too early to pass judgment on it?
The dismissive talk is due to the card's main purpose: It's for women. And, as not that many people like to be put into a box, some of the b...Read more →
As we get closer to the holiday shopping season, more new credit cards are hitting the market. If you're looking to add some plastic to your wallet, here are a few options.
Clothing retailer Lands' End has launched a new branded Visa card that gives its shoppers extra ...Read more →
The popular peer-to-peer payment app Venmo is going to take another step into the physical world with the upcoming release of a new credit card.
PayPal Holdings, Venmo's parent company, is working with its long-time partner Synchrony on the Venmo card. "For 15 years, ...Read more →
Credit Card Expert Roundup #48 - What do you think is the number one trend in award travel right now, and why?
In the competitive rewards card arena, we are seeing issuers being more generous than ever with their sign-up bonuses, rewards earning structures, and other perks surrounding cards catered to travel rewards. For edition #48 of our Expert Roundups, Jason Steele asks a pane...Read more →
After a mid-summer splurge in July, consumers kept their credit cards in their wallets more often in August, according to the Federal Reserve's Consumer Credit statistical release, which came out this week.
The release tallies up all consumer credit, including revolvi...Read more →
Credit cards have been part of people's wallets for decades, and along with that have been countless articles and financial literacy efforts teaching people how to use them responsibly and stay out of debt.
However, a new study from The Ascent shows that even though t...Read more →
This month, Walmart is launching a new co-branded credit card program with two cards that offer five percent back on Walmart purchases.
The program consists of a Mastercard-branded Walmart Rewards credit card that can be used at any merchant that accepts Mastercard, an...Read more →
While many aspects of retail have shifted to using chip card readers, one major segment hasn't been forced to upgrade yet. Gas stations got a reprieve because it's not easy—or cheap—to add chip readers to gas pumps.
How expensive is it? Convenience Store News reports t...Read more →
Credit Card Expert Roundup #45 - Do you think that's it's important to only use business credit cards for business expenses, and consumer cards for personal expenses, or does it really not matter?
To prevent creating an accounting nightmare, it's very important to not use the same credit card for your business and personal expenses. However, if you keep the two separate, does it really matter if you use a card marketed/designed as a business card for business, and ...Read more →
Credit Card Expert Roundup #47 - What features do you look for in a credit card co-branded with a retailer, and why?
Retail, co-branded credit cards can be confusing. There's a difference that many people are not aware of, primarily that co-branded cards are issued by a bank and can also be used wherever other major credit cards are accepted based on the network (Mastercard, Visa, etc.)...Read more →
With a measure of corporate social responsibility, American Express has announced that it plans to join efforts to cut down on the amount of plastic in global waters with a number of new initiatives, one of which you could see in your wallet soon.
Amex is one of the ma...Read more →
Every generation brings its own style to society, and now that Gen Z is starting to hit adulthood, we're starting to see what this generation is made up of, and when it comes to credit and credit card usage, the statistics are starting to paint an interesting picture.
...Read more →
Credit card rewards structures vary from card to card, yet the most competitive prime offers have one thing in common: they will reward you more in popular spend categories, typically involving high spend areas such as gas, and for the purpose of this edition of the Round...Read more →
Credit Card Expert Roundup #42 - Citi recently removed most if its credit card benefits from its card. Do you think most consumers will notice or care?
Many people don't realize exactly how many different benefits their credit cards come with, so when some of the lesser known or utilized ones disappear, most consumers don't really notice. However, credit card experts certainly do. Jason Steele addresses them and the curr...Read more →
Credit Card Expert Roundup #44 - Which transfer partner do you find to be the most valuable and why?
Cash rewards cards are very straight forward. While the structures may vary in some capacity with earning percentages, it's quite easy to decipher exactly what each purchase you make with yield in rebates. On the other hand, points are a bit more difficult to assign a mon...Read more →
Credit Card Expert Roundup #43 - What's the most significant thing that most people overlook about their credit or credit cards?
What's the most significant thing that most people overlook about their credit or credit cards? That's the question that Jason Steele asks the group of experts who joined us for the 43rd Edition of the Roundup series. Here are their list of responses and it isn't surprisi...Read more →
Credit Card Expert Roundup #41 - What new credit card technology are you most excited about and why?
Technology is moving so fast that it's hard to keep up with the latest this and the latest that. While we sometimes get hyper-focused on gadgets/devices/etc. there are other emerging technologies that we are beginning to adapt that make our lives more simple. Jason asks t...Read more →
J.D. Power’s recently released its annual study of credit card satisfaction, and the company noted that the battle among credit card companies for winning customers through rewards and benefits may have actually reached its peak, as consumers don’t necessarily understand ...Read more →
Managing a small business can be an exhilarating experience--you get to be your own boss, you put your products and ideas out into the world, and you can really impact your community.
But when it comes to managing cash flow for your small business, well, that can be a ...Read more →
Remember back in 2017 when Equifax, one of the country's big three credit reporting companies, announced that it had been hacked for a couple of months, which exposed the personal information of over half of all American adults?
Well, it's taken two years, but, Equifa...Read more →
Over the last decade, knowing your credit score has become fairly commonplace. That's in part due to credit score monitoring companies like Credit Karma, as well as banks and credit card issuers offering their customers free credit scores. This made it much easier--and ch...Read more →
During Pride Month, a month-long celebration and rights awareness for the Lesbian, Gay, Bisexual, Transgender, Queer, Intersex, Asexual, and others (LGBTQAI+) community, Mastercard announced a new initiative that it hoped would spark pride in its cardholders: It plans to ...Read more →
If you live in a state where you can legally buy marijuana, whether that's medical or recreational cannabis, you've had to pay for it in cash--until now. Columbia Care has launched the Columbia National Credit (CNC) card, a credit card you can use to buy cannabis at Colum...Read more →
Credit Card Expert Roundup #40 - The CARD Act is now 10 years old. What do you see as its major successes and failure, and what would you change?
The CARD Act made a massive impact on how we as Americans were exposed to credit cards from both an informational and marketing standpoint. It's hard to believe that the legislation was passed and enacted last decade. Our panel of experts this week all remember how it sho...Read more →
Many people think of Sallie Mae as their student loan provider, which may not bring up some good connotations if you're buried in student debt. But now Sallie Mae is offering a way to give you cash back--on purchases that is, if you use one of their new credit cards.
S...Read more →
Credit Card Expert Roundup #39 - When people you meet learn that you're a credit or credit card expert, what's the first thing they ask you, and what's your typical answer?
In recent years, as the credit card rewards culture has evolved, more and more people have chosen the career of a credit card expert. Many people don't realize that they may in fact know one. When experts are "outed," they find that their friends have several questions fo...Read more →
Credit card fraud is everywhere. From criminals breaching retail systems to thieves putting skimmers on gas station pumps, it seems like there's no easy way to protect yourself from possible identity fraud. But now there's a new device about to hit the market called the S...Read more →
Credit Card Expert Roundup #38 - What's your favorite 'hidden' credit card feature that very few people seem to know about?
When we talk about credit card benefits or features, the conversation generally always centers around their rewards programs or sign-up bonuses. But, there are several other extremely useful benefits that are less talked about. This week, Jason touches on under the radar ...Read more →
The electronic ink isn't even dry on your refund request to Equifax for its data breach, and now your personal information could be compromised again, if you've got a Capital One credit card. Here's what happened and what you can do to try to protect yourself from identit...Read more →
Credit Card Expert Roundup #37 - How often do you check your credit history and credit scores, and why?
While it's important to check your credit score and reports to make sure everything is accurate, especially in the day and age of breaches, there is no set guideline as to how frequently this has been done. For this edition of our Roundup, Jason asks our experts with what...Read more →
It usually takes a credit history to get a credit card, but for many people, that's a chicken and egg story. If you can't get credit, how are you going to build a credit history?
Likewise, if you've had a run of bad luck that has hurt your credit history, it can be jus...Read more →
Credit Card Expert Roundup #36 - What do you say to friends and family members who are skeptical of the value of travel rewards credit cards?
Even though we are constantly being exposed to travel rewards cards through advertising, the media, and through our social media accounts, there are still skeptics out there when it comes to the huge value in carrying these cards. Everyone knows someone like this, even pe...Read more →
Credit Card Expert Roundup #35 - When, if ever, do you think that mobile payments will eclipse the use of plastic payment cards, and why?
It seems like we have been talking about mobile payments, and the adaption of, for a few years now. For some reason, while the technology exists, most consumers prefer pulling out their physical credit card to pay rather than using their phones. To try to gain some insigh...Read more →
Announced with much fanfare last spring, Apple has started rolling out its Apple Card to the masses. First, it’s inviting those who signed up to be notified of its arrival, and later this month it will be more widely available.
Apple worked with Goldman Sachs and Maste...Read more →
Citi is getting in on the personal loan market with its new Citi Flex Plan program. This option allows cardholders to avoid the hassle of applying for a personal loan and just use part of their credit limit as a pool of money that comes with a fixed interest rate and a fi...Read more →
College is a great time. You're first getting to manage your life and learning what you need to do to be a successful adult. You get to explore a lot of different subjects, figure out your own schedule, and start managing your own finances.
Unfortunately, on a student'...Read more →
The first industry expert we interviewed was Jason Steele. Jason is a long-time finance writer and the founder of CardCon, a conference for other professionals in the credit card industry.
While he admits that few people consider personal finance to be exciting by def...Read more →
Over two years after its initial announcement, Zerocard, a new kind of credit card, is starting to get through its waitlist and invite people to apply.
Back in September 2016, Zero Financial launched with a splash, promising a different way to bank. Billed as a "...Read more →
Raise your hand if you like paying credit card interest. No takers? Well, do you even know what your annual interest rate is? No, again? Well, two legislators think it's too high, so they've written a bill to set limits on the APR banks can charge.
Sen. Bernie Sanders...Read more →
If you ever get frustrated when you go into a store or restaurant and find out they're a cash only business, it may be because the owner doesn't want to deal with all of the complexities around accepting credit cards. It costs them money to give you the convenience of pay...Read more →
American Express relaunched its Blue Cash Preferred Card, adding two new options to its cash back rewards categories to give its cardholders more ways to earn rewards for using its card.
Starting May 9, 2019, all new and existing cardholders will be able to start earni...Read more →
As credit card fraud and theft identity are very real fears for many, credit card issuing banks are coming up with solutions to mitigate the fraud. Barclays is the latest bank to hop on that bandwagon, with the release of four new digital features that give cardholders th...Read more →
It can be tough to be a young adult, getting ready to go to college, just graduating, or even choosing to leave school and join the work force. It's a time of transition, when you're learning how to navigate more, if not all, of the decisions adults need to make.
In p...Read more →
Perks are great, right? And it's always a nice surprise when your credit card company decides to add some perks to your card, especially if they're ones you'd use on a regular basis.
As of April 16, World Mastercard and World Elite Mastercard holders have some new bene...Read more →
How many rewards credit cards do you have in your wallet? Better yet, do you even have any credit cards that don't help you earn rewards?
For many Americans, rewards are the reason to use a credit card in the first place. After all, if you have to pay for something, wh...Read more →
Why pay more? That's a message we see every day from retailers who try to entice consumers into shopping more. That lure seems to be working, as Americans' credit card balances continue to grow and are hitting all time highs.
Having an outstanding balance on your credi...Read more →
It seems like you just can't escape identity fraud, and a new study finds that consumers are bearing more of the fraud burden than ever before.
For those that thought EMV chips were supposed to be the saving grace that stopped fraud, well, they are working, thanks to m...Read more →
Beauty retailer Sephora has decided to get into the co-branded credit card space with the announcement of its first credit card program. Coming later this spring, Sephora will offer three credit cards: the Sephora Credit Card, Sephora Visa Credit Card and Sephora Visa Sig...Read more →
If you're a business owner, getting a corporate credit card can be a hassle. Application approvals can take longer--up to 30 days--than it does to get a personal credit card. When you're a start up or run an e-commerce business that can expand quickly, you don't have that...Read more →
A few weeks ago, JPMorgan Chase announced their plans to jump into the personal loan sphere in a few new ways. The banking giant aims to compete for their own piece of the personal loan pie with two brand new financing options, available to their credit card customers.
If you’ve been wanting a higher credit limit on your credit card(s), this might actually be a better time than ever to ask. That’s because you’re actually more likely to get approved for a limit increase if you ask now, as opposed to waiting until the summer or later.
...Read more →
Unlike what its famous tagline says, Visa is no longer everywhere you to be, not if you're shopping for groceries at some of the brands under the Kroger banner of stores. Kroger recently announced that a second division of the company will stop accepting Visa credit cards...Read more →
Credit Card Expert Roundup #34 - Have credit card rewards peaked, or do you think they could continue to become more generous in the future?
It's not unusual to see extremely consumer-friendly incentivized rewards programs from Black Friday to the end of the year, but will this trend continue through 2019? Jason Steele talks about this in Issue #34 of the Credit Card Reviews Expert Roundup:
"Have credit car...Read more →
We all know the importance of our credit score, whether we are looking to take out a loan, open a new credit card, or even shop for auto insurance. There are countless websites and apps to help us track and understand our credit scores, too, many of which are entirely fre...Read more →
With April 15 right around the corner, many Americans have taxes on their minds. And thanks to increased tax breaks that many of us enjoyed throughout the year, some people will soon pay their dues to Uncle Sam. But should a credit card ever being your payment method of c...Read more →
It’s finally here: tax time. The W-2s and 1099s are hitting mailboxes, piles of receipts are spread across the kitchen table, and, if you’re like me, there’s a tear or two shed over just how much student loan interest was paid out last year.
Most of us can agree that i...Read more →
Every time I fill my SUV’s tank, I stare at the credit card advertisements on top of the pumps. These branded gas station cards boast a variety of benefits, saving you a few cents per gallon on each fill-up or even offering cash back on everyday purchases.
But with all...Read more →
Mobile wallets have been slow to gain traction in this country, though we consumers have a number of options available to us. There’s Apple Pay, Chase Pay, and Google Pay, among others, but one more player has just made its way to the table: Garmin Pay.
If you’re anyth...Read more →
If your income changes after you open a credit card, you may want to let your card issuer know. By doing so, you could increase your card’s limit without having to worry about a credit limit increase request, or dealing with the hard inquiry that some issuers may initiate...Read more →
Bonus points and cash back can be some of the best credit card deals around. But do those free rewards come at a price… in the form of a tax bill from Uncle Sam?
The answer depends on the card(s) you carry and the types of bonuses that you receive throughout the year. ...Read more →
We all know that the average household debt in America is continuing to rise year after year, with no end in sight. It stands to reason then that the average family would also be opening more financial accounts than ever before.
While this does hold true in some categ...Read more →
Talks of a new Apple-branded credit card began last May, though the whispers faded away in the weeks that followed. However, it looks like the card – which will actually be a collaboration between Apple and Goldman Sachs bank -- is finally set for its much-anticipated rel...Read more →
Credit Card Expert Roundup #32 - Which credit card do you find to be the most attractive looking design?
Credit cards have evolved in many ways over time. In recent year, the physical aesthetic elements have changed as well. The teams in charge of marketing at banks have really put a heavier focus on what their products look like. Our experts have noticed this trend as well ...Read more →
Credit Card Expert Roundup #31 - What are the best strategies for paying off debt from the holidays?
The holiday season, while quite enjoyable, is also quite costly for many. People tend to spend more and be slightly less tight with their money from mid-November through early January. Taking on debt without a repayment plan can be problematic so Jason Steele speaks with ...Read more →
Now that we are a few months into 2019, we can reflect on 2018. Jason Steele does this when addressing the group of industry experts for Issue #30 of the Credit Card Reviews Expert Roundup:
"What were the biggest stories in the credit card industry in 2018?"
**Eric ...Read more →
Issue #29 of the Credit Card Reviews Industry Expert Roundup centers on expected credit card trends for 2019. The panel of experts share their insight and speculate about what this year will bring to plastic (and metal) in response to Jason Steele's question:
"What are...Read more →
Credit Card Expert Roundup #28 - Several premium credit cards have just announced higher annual fees. Do you think customers are willing to pay them, and is this sustainable?
While sign-up bonus have continued to climb, there is a new trend where some issuing banks have raised their annual fees within their premium card portfolio. For issue #28 of the Credit Card Reviews Expert Roundup, Jason Steele asks this week's panel to weigh-in on this t...Read more →
Credit Card Expert Roundup #33 - What credit card would you recommend to someone with poor credit who is trying to rebuilding their credit?
Unfortunately, 95% of credit card offers catering to those with damaged credit histories are completely unfavorable to the consumers who they are designed for. Jason Steele asks a group of experts this week to share their insights on products to look for catered to the un...Read more →
Hop onto the Dark Web, and you'll be able to buy millions of credit card numbers, as hackers and thieves continue to thwart systems and steal consumer information. However, an industry council hopes that by publishing new payments software security standards, the tide of ...Read more →
Ten years ago, economic warning bells sounded when consumer debt level rose to all-time highs. A recession ensued, which led to a lot of belt-tightening. Debt levels fell as consumers kept their wallets closed and worked on paying off their bills.
However, in the last...Read more →
American Express has revamped its collection of Marriott hotel branded credit cards, and it's relaunched them under a new travel program called Marriott Bonvoy.
The new cards replace the American Express Starwood Preferred Guest credit cards, keeping in line with the r...Read more →
Need to spruce up your home? Like to putter around the house and fix things? Synchrony has a new credit card geared toward you--though if you're prone to carrying a balance, this might not be such a great deal.
Synchrony recently released a new version of its Home Cred...Read more →
Five years ago, no one knew what a digital wallet was. Then Apple released Apple Pay and revolutionized the way we could buy things. You no longer needed a credit card--you could just pull out your phone, open up an app that stored a credit card, tap the phone on a card r...Read more →
No one wants to get sick while traveling. Not only does it ruin all chances for some relaxation, but you’re also away from home, your warm bed, and all things familiar, which amplifies the misery.
Whether you’re just visiting another city or traveling in a foreign cou...Read more →
You might feel a sense of déjà vu if you’ve followed the Wells Fargo scandals of recent years, but yet another company has been caught defrauding customers and potentially impacting their credit.
Signet Jewelers, the company that operates some of the country’s leading...Read more →
If you carry the Discover it Miles credit card, you are probably well aware of the card’s WiFi reimbursement benefit. However, beginning on March 31, 2019, this benefit is set to disappear, making the Discover it® Miles card a bit less enticing than before.
For the las...Read more →
Credit card and identity theft are serious problems for consumers today. But while chip-enabled cards have helped to cut down on point-of-sale card theft, there is little that card issuers can do to prevent online fraud… until now.
PNC, a US-based bank, recently announ...Read more →
Technology has made it easier than ever to pay for the things we want, no matter where we are or whether we are carrying our wallets. We can place food orders, pay at the register, and even withdraw cash from an ATM including only our cell phones and smart watches. But co...Read more →
If you’ve ever had trouble sticking to a budget, you may soon have some help: Barclays just announced that they are allowing banking and credit card customers to block themselves from making certain purchases.
This new feature is an attempt from the UK-based bank to ...Read more →
The most expensive day of my life (at least, for my dad) was my wedding day. I stretched my budget and DIYed myself to the bone, but it was still a relatively pricey few hours of white tulle and buttercream.
It’s no surprise, then, that I get asked all the time about w...Read more →
What is the biggest change you’d like to see going into 2019? Do you want to switch jobs or buy a home? Maybe your resolutions are subtle, involving things like getting healthier or spending more quality time with your family.
Whether you’re a “go big or go home” reso...Read more →
I think most of us have been there: you sign up for a free trial of a product or service, just to see if you like it. Next thing you know, your credit card has been charged a subscription fee, even though you might not have intended to continue with the company after your...Read more →
You may not have heard yet, but Southwest is currently offering new customers one of their enviable Companion Passes, after the open any number of Southwest branded credit cards. These passes have the potential to save you thousands a year in free flights, but is it worth...Read more →
If you spent a little too much on “holiday cheer” this past season, know that you’re not alone. Retail spending among U.S. consumers saw a significant increase compared to the last few years. This means that there is no shortage of folks currently staring at their credit ...Read more →
Do you wish you could save more, spend less, and improve your finances overall? Well, if you and your significant other currently manage your money separately, the solution to your woes could be as simple as opening a joint bank account.
According to [a new study](http...Read more →
If you’re looking for a new rewards card that’s both full of features AND doesn’t charge an annual fee, you’re in luck. The new Citi Rewards+ Card launched a few weeks ago, and it brings with it a slew of benefits that will make any cardholder happy.
Let’s take a look ...Read more →
Political parties aside, here’s a basic fact: a government shutdown can have long-lasting impacts on all the involved. And if not managed properly, this could mean impacting your credit and financial future.
Whether you’re considered “essential staff” and forced to wor...Read more →
In the midst of all that holiday joy last month, you might have missed some important financial news: the Federal Reserve raised interest rates again. The fourth rate hike of the year, this increase bumped its benchmark funds rate on December 19, from 2.25 percent to 2.5 ...Read more →
While the cryptocurrency bubble may have burst over the last year, virtual currency is still relevant to some consumers. Now there's a way to use cryptocurrency in the physical world and turn it into an asset that can be used more readily in the world.
Ternio, a blockc...Read more →
A corporate symbol is the calling card of a company, and it's something that consumers are trained to recognize instantly. Some companies have had enormous success, like McDonald's famed Golden Arches and the Olympic Rings. In fact, in a survey of 7,000 people in six coun...Read more →
In an effort to give consumers more opportunities for getting loans--including credit cards--Experian is launching a new way to improve or enhance one's credit score.
Called Experian Boost, this is a new opt-in platform that consumers can use to add more information to...Read more →
We’ve all heard that it’s important to marry for love, not money. But a recent survey shows that Americans’ mindsets are shifting. Some generations are worrying more about greenbacks than their heart skipping a beat, in their quest for a happily ever after.
The Merril...Read more →
While it can be amazingly easy to get into credit card debt, it can take a long time to get out of it--and according to a new study, that time can be compounded by where you live.
The study, produced by CreditCards.com, compared credit card debt loads by state across t...Read more →
No matter who you ask, you’ll find that gift cards top Christmas wish lists by a large margin in pretty much every age group. In fact, they’re the number one requested gift this year, according to Consumer Reports. But whether you’re the giver or the recipient of said gif...Read more →
One of the selling points of our new chip-based credit cards was that they were going to reduce credit card fraud. However, a recent report released by the Gemini Advisory (a security analysis firm made up of Dark Web intelligence experts) found that credit card theft has...Read more →
The Blue Cash Preferred Card from American Express is one of my favorite cash back credit cards. I use it to earn serious rewards on groceries, gas, and department store purchases, which I can then redeem for statement credits.
I noticed something recently, though: wh...Read more →
If you have a Chase credit or debit card, you may soon have the opportunity to save serious cash with the new Chase Offers platform. Available through the Chase mobile app, Chase Offers allows select cardholders the opportunity to earn even more cash back when shopping at...Read more →
Managing your money can be a time-consuming task, even if you use software or online tools to help you. Every month requires keeping track of receipts and reconciling statements. Even if you do try to keep the flow of paper down and stick with digital receipts, the number...Read more →
As parents, we’re supposed to teach our kids to responsibly manage their money. But what if they get themselves in a bind, even once they’ve flown the nest?
According to a recent survey, Mom and Dad would be more than happy to swoop in to help, even if their child was...Read more →
Another day, another massive security breach. We consumers are pretty used to the news by now when we hear that another company has discovered a breach in their system that's exposed our personal information to hackers. While it's pretty easy to take that information in s...Read more →
This year has brought a lot of exciting changes to the Capital One lineup of credit cards. First, both of their Venture card products got a huge rewards boost – they now offer 10x rewards for hotels.com purchases and a reimbursement for TSA PreCheck or Global Entry. Begin...Read more →
Credit Card Industry Expert Roundup #23 - What mistakes do you often hear about experienced credit card users making?
Even the most experienced credit card users make mistakes. For this issue of the Credit Card Reviews Expert Roundup, Jason Steele asks every one the following as it relates to this topic:
"What mistakes do you often hear about experienced credit card users making?"
...Read more →
Credit Card Industry Expert Roundup #22 - What’s the best credit card award redemption you’ve ever made?
"What’s the best credit card award redemption you’ve ever made?" That's the question that Jason Steele asks our panel of credit card industry experts for the 22nd edition of the Credit Card Reviews Roundup series. Jason answers the question himself as well because he's no...Read more →
Which credit cards do you recommend to people who are trying to rebuild their credit, and why? Credit Card Industry Expert Roundup 21
Looking at rebuilding credit options as it relates to credit cards, Jason Steele asks industry experts the following question:
"Which credit cards do you recommend to people who are trying to rebuild their credit, and why?"
**Beverly Harzog - Credit card expert for ...Read more →
Issue #20 of the Credit Card Reviews Industry Expert Roundup is unique as it centers around advice for small business owners. This issue's question presented to Lee Huffman, Emily Guy Birken, Gerri Detweiler, Miranda Marquit, Bill Hardekopf, is:
What features do you th...Read more →
What is the first credit card that you recommend to people who want to start earning travel rewards?
For the 19th edition of the Credit Card Reviews Expert Roundup, Jason Steele asks our group comprised of Ben Luthi, Andy Shuman, Louis DeNicola, Robert Harrow, and Sean Bryant which credit card they would recommend for people just getting into travel rewards. Here are the...Read more →
About 10 years ago when gas prices were through the roof, people began to take a closer look at the ways they could save money on gas. Perhaps the most effective method, other than not buying it of course, still exists today - gas rebate cards. For this issue, Jason Steel...Read more →
Consumers these days are pretty savvy, and many know that while whipping out your plastic can be very convenient, there's a price to be paid for using it. That price is something called processing fees, and merchants have to pay banks part of every purchase when they swip...Read more →
With Christmas only a few short weeks away, holiday spending is on the forefront of most people’s minds. You may even plan to spend more this year than ever before, no matter who is on your gift list or how large your budget may be.
Though they’re often regarded as y...Read more →
Credit Card Industry Expert Roundup #27 - What recommendations do you have to avoid credit card debt over the holidays?
We all spend money over the holidays. In many cases, we spend too much, which isn't good. This week when talking to a group of our contributing credit card experts, Jason Steele addresses this question when he asks:
"What recommendations do you have to avoid credit car...Read more →
It’s been a rough few years for Wells Fargo, following a number of scandals and hundreds of millions of dollars in settlements and fines. But according to their latest earnings report, things are finally looking up for the banking giant.
Revenue and net income numbers...Read more →
If you’re checking your credit score regularly, you might notice that the numbers change from time-to-time, even if you’re not making significant financial moves. It might lead you to wonder why these little fluctuations happen and just how often your score gets updated, ...Read more →
Everyone likes to eat out at restaurants until the bill comes. But, there can be some positives that can come from the end of the meal -- rewards from paying with a credit card. Jason Steele asks everyone which card they prefer to pay their meals with to earn the most in ...Read more →
Credit Card Industry Expert Roundup #24 - What do you see as the pros and cons of 0% APR balance transfer offers?
With the holiday season upon us and all of the spending done this past weekend over Thanksgiving, Black Friday, and Cyber Monday, many Americans will be in a situation where they may need to carry a balance on their credit cards longer than they might otherwise need to. O...Read more →
Earning travel rewards with a credit card can be an expensive proposition. If you want to earn miles on a specific airline, you have to go with a co-branded airline rewards cards, and those usually come with an annual fee. On the flipside, travel rewards cards that don't ...Read more →
I’m not a fan of mobile wallets. There isn’t a rhyme or reason to my reluctance, but I just haven’t been able to jump aboard that techie train. And according to a new study, perhaps my intuition wasn’t too far off after all.
Mobile wallets have been slow to catch on i...Read more →
Taking control of your financial future can be intimidating, especially if you’re a young adult who isn’t sure where to begin. A new study by Discover has found that you’re more likely to find success, though -- and even tens of thousands of dollars -- by taking financial...Read more →
The economy's doing well and unemployment is down--two big feel-good measures that might have consumers feeling a little jollier this holiday season. Mastercard is already predicting that holiday sales will grow at the highest rate in five years, gaining a whopping five p...Read more →
With all the news and websites about credit cards--heck, this site is all about credit cards--you might think we pull out plastic every chance we get. Sure, some of us do: It's more convenient not to have to keep track of cash and make sure you have enough every time you ...Read more →
Most of us work hard for years, eagerly awaiting the day we clock out for the last time and begin our foray into retirement. We save money for this purpose, ensure that our homes and cars are paid off first, and even align our retirement date with our financial plans so t...Read more →
Two popular credit card issuers have recently focused on limiting their consumers’ spending limits. This isn’t just a power move, though – it could actually signal impending economic doom.
The two credit card powerhouses in question – Discover and Capital One -- aren’t...Read more →
Black Friday and Cyber Monday make up the busiest shopping weekend of the year. Deals abound on these two days, with retailers offering huge discounts on some of the hottest items around.
Whether you’re thinking about shopping in-store with the crowds or online in you...Read more →
If you are currently using Quizzle to monitor and evaluate your credit, you may be disappointed to learn that you’ll need to find a replacement service soon. Founded in 2008, the free website has provided a decade of VantageScore and credit report analysis for its users, ...Read more →
If you have a card with rotating categories, such as the Discover it, you know that timing your rewards can be a bit tricky. You sometimes need to plan your big purchases of the year in order to take advantage of that stellar 5% back rate. If you’re like me, you may even ...Read more →
If you manage your credit cards responsibly and pay your balances as scheduled, you probably expect your credit limits to go up over time. But did you know that the opposite can actually happen, and your credit limits could be unexpectedly slashed?
It’s true. On occasi...Read more →
If you have carried a credit card for more than a few years, you’ve probably dealt with fraud at least once or twice. There are many levels of theft, whether it’s a single erroneous charge or someone hijacking all of your accounts at once. No matter the depth of the fraud...Read more →
Across the world – and especially throughout the United States -- there is a notable difference between the number of boys who are interested in STEM-based careers and the girls who pursue the same. So last month Scholastic, one of the biggest children’s publishing and me...Read more →
Have you heard yet? There’s a new credit score in town. It’s called the UltraFICO Score, and it’s going to be transforming credit for approximately 70% of Americans.
Here’s what you need to know about this latest FICO model, why it’s being introduced, and what you can ...Read more →
I’ll be honest: I wasn’t really into using a mobile wallet prior to this fall. But thanks to a few new Chase Pay promotions, I am quickly becoming a convert. The newest offer, for instance, will net you approximately $22.50 worth of bonus Ultimate Rewards points (on top o...Read more →
You are accustomed to your credit being important in many areas of your life, whether you’re applying for a new loan or renewing your auto insurance policy. But what you might not realize is that your credit report can also come into play in the workplace.
If your cre...Read more →
Last month, I finally did something I’ve been wanting to do for years: I refinanced my remaining student loans. Not only will this cut years of monthly repayments off of my schedule, but I will also save tens of thousands of dollars in the end.
After working diligentl...Read more →
For an adult, a credit score is an important factor in whether or not you can get a loan or a credit card with a decent interest rate. It's also a factor in determining whether or not you can rent an apartment or how much of a deposit you need to put down on services like...Read more →
In 2018, there were quite a few new credit cards introduced into the marketplace. But occasionally, banks also like to update their current cards with new perks and rewards. And this is just what Capital One did this year with their Savor card.
The Capital One Savor Ca...Read more →
Small business owners often rely on a credit card to run their businesses. Whether it's using some credit to launch a business, analyzing how you're spending your money, or providing help with cash flow, a business credit card can help with all of those tasks.
What's g...Read more →
Now listen: I’m someone who has been in both student loan and credit card debt in the past. So, I definitely understand how financial woes can feel suffocating. You may even feel like you’re held captive by those lenders and their never-ending statements or reminders.
...Read more →
For many Americans, the mystery behind their credit score runs deep. Not only are there numerous scoring models in use, but no one really knows exactly how their number is calculated.
There are a few things that we do know: these scores are important and we should wor...Read more →
You’ve probably heard the saying that almost only counts in horseshoes and grenades… but what if it also applies to your credit score? Well, according to some experts, there really is a threshold where your score is considered “good enough.” Any efforts to boost your scor...Read more →
You’ve probably heard the phrase, “Don’t put all of your eggs in one basket.” This little bit of wisdom speaks to the value of diversification, which is (perhaps surprisingly) very important to your credit score.
You’ve probably been told to diversify your interests in...Read more →
We’ve all been at the register of our favorite retailer when they ask if we’d like to save a little extra on our purchase. All we have to do is apply for a new, store-branded credit card.
It sounds harmless enough. After all, applying could save you a pretty penny on y...Read more →
If you have bad credit, there are a few impacts that you typically expect. You know that you may have trouble getting certain credit cards, and you don’t expect to earn the lowest interest rates on loans. However, there are a few further-reaching impact that you may not e...Read more →
I know, I know, if feels like summer flew by in the blink of an eye. I can’t even believe it’s already October. But as much as I would love to enjoy the warm mornings and sunshine for a bit longer, the truth is that the holidays will be upon us before we know.
Between ...Read more →
A couple of decades ago, it might have seemed strange for a European airline to launch a credit card in the United States. However, with international travel at an all time high, it makes sense that Air France-KLM creates a credit card targeted to its die-hard customers h...Read more →
American Express has updated and relaunched its Gold Card to target consumers who value earning bonus points on food-related items and getting better travel benefits.
Formerly known as the Premier Rewards Gold Card, the rebranded card is now simply known as the America...Read more →
How do you pay for your vacations? Some use cash or their debit card while others just charge it to their credit cards. Savvy vacationers are even able to redeem their points and miles to get away from it all. To find out more about how Americans pay for their leisure tra...Read more →
When you think about Americans who are walking around with credit card debt, which groups do you envision? If you’re anything like me, you assume that it’s the poorest households – those with the lowest annual incomes -- that are saddled with high balances. And, you’d be ...Read more →
If you’ve been saving up Chase Ultimate Rewards points to book that Disney vacation you’ve been dreaming of, you might want to change your strategy. It has just been announced that you can no longer use the Chase travel portal – or your accrued points – to book your dream...Read more →
Making that first jump into the world of credit cards can be a little scary, for young adults and parents alike. After all, maintaining a healthy credit score is imperative for the future, but the mismanagement of a credit card can be financially devastating.
So, what...Read more →
Price-fixing is controversial, no matter who is at the helm. When two of the largest names in credit cards – Visa and MasterCard -- are accused of violating antitrust laws to benefit themselves, though, it garners serious attention. That’s why it made the news last week w...Read more →
It’s no surprise that banks – including credit card issuers and lenders – want to avoid high-risk borrowers. Or if they do extend credit to this less-than-ideal group, it usually includes low limits, higher interest rates, and even special terms. But what exactly makes so...Read more →
If you’ve thought about signing up for the Barclay Arrival Plus World Elite Card in the past year or so, you may have been confused. After all, they stopped accepting new applications for this card a while back, only to relaunch it this summer with an increased welcome bo...Read more →
If you currently carry one of any number of Chase credit cards – including the Ink and Sapphire lines – you are probably familiar with Blueprint. This free card program has made it easier to manage purchases on your Chase card, as well as plan your repayment on the balanc...Read more →
Updated October 9, 2018 - No credit history? No credit card for you! At least, that's been the traditional attitude of credit card issuers. Getting your first credit card can be something of a Catch-22 because banks aren't prone to taking a risk on giving a credit card to...Read more →
Imagine that you have a mountain of credit card debt--or maybe you don't have to imagine it, as the average American is carrying $5,700 in credit card debt, according to a recent study from ValuePenguin.
If you have thousands of dollars of credit card debt, it may feel...Read more →
When you submit an application for a new credit card, there are three possible outcomes: you’ll be approved on the spot, your application will be placed under further review, or you’ll be denied outright. If you find yourself with a “we’ll get back to you” answer, or even...Read more →
Look, I’m not afraid to admit it: I’m a cash back rewards fanatic. I have hand-selected the credit cards in my wallet based on my typical spending patterns, and I optimize their usage accordingly. This year, it really worked out well, too: I managed to get over $550 back ...Read more →
In a time when you can customize virtually anything to your liking, it makes sense that you can also have a customized credit card in your wallet. Not only does it say something about who you are when you pull it out to pay for something, but it can also brighten up your ...Read more →
Having credit card debt at any stage in life can be a scary situation, but it’s especially unsettling for young people and Millennials. No one wants to start their adult life in a deep financial hole.
Credit card debt can sneak up on people of all ages, including Mille...Read more →
If you’re a small business owner, you’re always looking for ways to spend less, and keep more of the money you earn. One of the best ways to do that is with the right business credit card.
Just last week, Discover announced the launch of their newest product, the Disco...Read more →
It seems like each week, we hear about another large company being hacked and having their customers’ information stolen. After all, three-quarters of all companies say that they’ve had their data hacked before. This time around, though, the company is British Airways… an...Read more →
It’s one of those commonly heard myths floating around the credit sphere: don’t check your credit too often, or you’ll drop your score a few points. I’ve even heard it quantified: “Every time you check your score, you lose 2 whole points!”
But is there any truth to th...Read more →
It’s a scary statistic: three-quarters of American retailers have reported data breaches, with more than half of them reporting stolen information in the last year alone. When you consider that even Equifax – one of the leading credit reporting agencies and a gatekeeper f...Read more →
With all of the big financial breaches in recent years, it makes sense to be concerned about your identity. After all, when a company like Experian – which holds the key to some of our most important and impactful personal information – is hacked, there’s no telling where...Read more →
EMV has taken a stronghold in America, with most credit cards now containing chips that securely store your personal information. Still, understanding this new technology can take a little getting used to--after all, we've had magnetic stripe credit cards for decades--and...Read more →
What credit card benefit would you like to see added to a card, that doesn't currently exist? - Expert Roundup Issue 18
When people think of credit card benefits, they most look to rewards programs. However, there are many other benefits that savvy consumers seek out such as auto rental collision insurance, annual airline allowances, lounge access, and many more. For issue #18 of our Credi...Read more →
Over time, our spending habits, budgets, and financial needs change. This means that the type of credit card we need may also change.
As a result, the credit card that you carried two, five, or even fifteen years ago may not be the right product for you. Instead, you p...Read more →
Every time you open a new line of credit – either via a new credit card or personal loan – you’re given a credit limit. This limit is the maximum amount of debt you can accumulate with that particular lender, at least on that particular account. But how exactly do lenders...Read more →
Could you describe one of the biggest mistakes you made with credit cards, and what you learned from it?
Almost everyone at one point in time has made a mistake with credit cards. Today for the Credit Card Expert Roundup (Issue 17), Jason Steele asks a group of credit card experts to share their past blunders with credit cards to help others from making the same mistakes:
...Read more →
The credit card rewards game is an enticing one. By spending on certain cards, you’ll earn lucrative rewards that can go towards flights, hotel stays, or cold hard cash back. But the caveat with rewards is: you have to spend money to make money.
That’s why some people...Read more →
Even though debt reduction is a high priority on many Americans' financial to do list, Americans are finding themselves in more personal debt than they have been in years, says a new study from Northwestern Mutual. And credit card debt is a leading contributor to American...Read more →
How many times have you been checking out at your favorite retailer and been encouraged at the register to download the store’s app? Your cashier might mention it, your receipt might remind you of it, and there might even be signs on the credit card machine, all telling y...Read more →
In order to avoid high interest charges and a spiral into credit card debt, you need to pay off your balance in full each month. But what about those times when you need to make a large purchase and don’t want to (or can’t) pay it all off at the end of the month? Well, th...Read more →
Every credit card is different, offering their own unique array of perks and rewards. But which of these features ranks highest among cardholders?
JD Power & Associates recently released their 2018 Credit Card Satisfaction Survey. As we mentioned in a previous post, Di...Read more →
An online bank that's been making waves in Europe is planning on expanding to the U.S. later this year. Revolut is a digital banking services provider that boasts its members can do a lot of traditional financial services activities without the same kind of fees.
Revol...Read more →
If you’ve been swiping the same credit card for a few years now, you may be comfortable with everything it offers. However, this doesn’t necessarily mean it’s the right card for your wallet. But how do you really know if you need to look into another (possibly better) car...Read more →
If you’re monitoring your credit score and trying to improve it over time (aren’t we all?), you may have wondered what moves would make the biggest difference. Are you better off paying down multiple balances or focusing on one debt at a time? Should you close an old, ina...Read more →
If you’ve been monitoring your credit regularly, or even actively working to improve it, you have probably seen an increase in your credit score. This is likely due to a number of factors, such as paying down your debt, increasing your credit history, and maybe even incre...Read more →
With an industry as confusing as credit cards, it’s easy to see why there are plenty of myths floating around. Some of them are more prevalent than others, but all have the ability to impact your spending habits and even your credit, should you believe them.
While ther...Read more →
For the last five years, Discover and American Express have been neck and neck for the top spot in one of the most prestigious customer satisfaction awards, the J.D. Power Credit Card Satisfaction Survey. Last year, Amex beat Discover by eight points to get the crown, but...Read more →
American Express is trying to up the ante when it comes to adding useful benefits and bonuses for its cardholders.
One benefit that the company has rolled out is a freeze feature, which allows cardholders to place a temporary hold on their card if they've misplaced the...Read more →
These days, most credit cards – and especially the most popular ones – offer rewards to cardholders. These rewards come in many forms and can be earned in any number of ways. One of the biggest questions, though, comes when it’s time to actually redeem those earned reward...Read more →
When talking about credit and debt, we tend to focus mostly on our credit utilization. This number – calculating the amount of debt you are carrying compared to your overall credit limits – is an important factor in your credit score and your perceived creditworthiness. B...Read more →
It’s already August, and fall semester is right around the corner. With school starting up any day now for many colleges, this means that there’s plenty to buy. And by using the right credit card for those purchases, you can save yourself a lot of heartache (and a lot of ...Read more →
No matter how long I’ve been using credit cards, I always get a little excited when an issuer bumps up my credit limit. My credit utilization goes down, my credit score goes up, and I have an even larger safety net if I had some big, unexpected expense come up. But it doe...Read more →
Paying a bill with a credit card can, at first glance, seem counterintuitive. After all, you’re satisfying one debt by creating another. However, there are quite a few good reasons to pay monthly bills with plastic when you can.
By doing so, you can earn rewards on yo...Read more →
There are some people who make almost every purchase with credit card rewards in mind, planning around cash back earned and card benefits offered. Then there are others who simply use their credit cards as a method of payment, giving little thought to what each swipe is e...Read more →
Credit cards give you the power to purchase things even if you can't afford to buy them outright. If you can pay the balance of your purchases within a specific timeframe, that money loan is free, but if you carry that amount over from month to month and pay only a part o...Read more →
If you currently buy your groceries at Kroger stores, you have probably already heard the news. Depending on where you live, you can no longer use your Visa at the register. The change is expected to spread even further, too, meaning that you may need to change your credi...Read more →
The summer has already flown by, and the start of school is just around the corner. That means back-to-school shopping is already on most parents’ radar. Whether you’re buying markers and backpacks for your primary school child or a new laptop and books for your college-a...Read more →
When it comes to the Olympics, Visa has been the credit card of note--and it will continue to be that way, as the two organizations have extended their partnership through 2032.
Visa's partnership is as a part of the International Olympic Committee's (IOC) The Olympic ...Read more →
Now, let me start by saying that I have nothing against loyalty; in fact, I value it in almost every area of my life. When it comes to credit cards, though, being too loyal can cost you quite a bit. While there are certainly reasons to stay committed to a particular card ...Read more →
Identity theft is a serious concern in today’s digital age. We manage everything with technology, from our online bill payments to digital credit card statements and even paying for purchases with our smart devices. A technology-centered world leaves us vulnerable to brea...Read more →
Many young adults today are forgoing credit cards altogether, as well as abandoning “the American Dream” of owning a home. They’re not alone, either, and these growing trends can be seen across all generations. So, if you have no plans for a credit card or a mortgage loan...Read more →
Now, if there’s one thing you should know about me, it’s that I’m not one to look a gift horse in the mouth. With that said, though, I have always wondered: why exactly do credit card companies offer their customers cash back rewards?
I understand the concept of incent...Read more →
Want to know the truth? I buy almost everything on a credit card. Whether we are talking about my morning coffee, my insurance premiums, or our new living room furniture, I pull out the plastic in an attempt to rack up maximum rewards. Even still, there are times when cas...Read more →
If you’re a fan of low-fare airlines and are on the lookout for a new rewards credit card, there is a new product on the market for you. Just last week, Chase and Southwest Airlines announced the Southwest Rapid Rewards Priority Credit Card, which comes in addition to the...Read more →
If your credit is in the toilet, you don't get a whole lot of options to borrow money or to get credit cards that have unique features. Now there's a new card on the market called Today Card that allows non-prime consumers to get some of the credit card perks usually rese...Read more →
We all have our favorite things to do during a flight. Some of us take naps, some people catch up on their favorite shows, and others prefer to do lunges up and down the aisle. If you’re flying United later this year, though, you might have a new (encouraged) activity on-...Read more →
Whether traveling in another country or just buying something online from abroad, you have probably encountered dynamic currency conversion. This type of conversion from a foreign currency into U.S. dollars is introduced as a shopping convenience. However, it can wind up ...Read more →
If you’re currently carrying around multiple credit accounts with balances – whether they’re student loans, various credit cards, or a mix of types – you might have considered debt consolidation. In fact, you’ve probably already been forced to think about it, thanks to em...Read more →
Good news for lovers of the outdoorsy retailer L.L.Bean: There's a new Mastercard on the market that will help you earn rewards on your favorite L.L.Bean clothing, gear and home décor.
Now, this isn't the first co-branded rewards credit card for L.L.Bean, but a recent ...Read more →
Health insurance and medical costs have changed a lot in recent years. Personally, I’m paying a lot more in premiums than I did before, yet my co-pays and cost-shares seem higher than ever. Whether we are talking about my own rare doctor’s visits, though, or my special ne...Read more →
Pulling a metal credit card out of your wallet can make you feel like a million bucks. They're much cooler looking than the standard plastic card that everyone typically gets, and their weight makes it known that you are somebody. Flash your metal card, and invariably, so...Read more →
The debit card has seen a steep decline in usage in recent years. In fact, since 2013, we have seen a significant drop in the number of American households who prefer using this form of plastic, opting instead for its credit card cousin. But why are families choosing to c...Read more →
Whether you’ve been on the lookout for a new credit card product or simply get pre-approved offers in your mailbox each week, you’ve likely heard about 0% balance transfers. These promotions, usually offered to new cardholders, are an excellent way to get a leg up on your...Read more →
Even if you’ve never had an overdue bill, you probably still know about accounts going to collections. Or, at least, you have an idea of what it entails.
But is an account in collections really that big of a deal? How does the process work, what is the impact on your c...Read more →
One of the best things about credit cards is their flexibility. Thanks to authorized users and joint accounts, you can share your credit card privileges with anyone and manage money easier than ever before.
There is a big difference between an authorized user and a joi...Read more →
Whether you’re a frequent flyer or just travel a few times a year, you’ve likely felt the allure of an airport lounge. The temptation that comes with getting out of the hustle-and-bustle, the complimentary food and drink, or even just the availability of a comfy chair wit...Read more →
If you’re shopping for a car, you’ve got plenty to consider. New or used? Leather or cloth seats? If you plan to finance that new purchase, though, you’ve got one more thing to ask yourself: Do I need to worry about my credit score before I buy this vehicle?
Depending ...Read more →
Whether you win the lottery, get a bonus at work, or simply find $100 in an old jacket, unexpected cash can come from anywhere. They can be pretty exciting, too, giving you extra wiggle room in your budget and maybe even allowing for a fun purchase or two. If you are tryi...Read more →
If you’re in the market for a new checking account, KeyBank has several to choose from. The financial institution offers several packages with different pricing schedules.
KeyBank’s basic checking account is Key Express. There is no required on-going minimum balance, a...Read more →
First there were coins, then came paper money, then plastic, then smartphones. All of these could be replaced in the near future by the arrival of something that actually is quite older—jewelry.
Payment jewelry using NFC (near field communication) technology is being ...Read more →
Visa’s premier card lineup is the Signature marque, while Mastercard’s equivalent is the World card. If you’re thinking about opening either one, you should first be aware of what the similarities between the two are, and what differences exist.
The World Mastercard, ...Read more →
Aside from the Outlets You Contribute to, What are Your Favorite Sources of Information on Credit Cards - Roundup 16
Many of the experts who contribute to our weekly roundups either have their own platforms or are connected to other places where they contribute to the credit card vertical. This week, we ask them to share whey they go to find information on credit cards aside from their ...Read more →
Credit card thieves had a hey day with stealing card information through a technique called "skimming," where they would attach a device in or on a card reader that would steal your card's information if you put the card in that reader.
EMV chip cards were supposed to...Read more →
Wells Fargo has announced a new rewards structure for its Propel American Express credit card, rewarding cardholders who spend their money on dining, travel, and streaming services.
As its corporate blog states, this is the scandal-ridden company's "latest move to reco...Read more →
Your credit score is a finicky beast. No one truly knows the specifics that go into calculating your magic number(s), and FICO isn’t telling anytime soon. Plus, there’s always the issue of which accounts are reported to which bureau and whether they’re even affecting your...Read more →
Whether you’ve been dating for six months or six years, the decision to move in together is a big one. There are many considerations involved, too. Will one of you move in with the other, or will you pick a brand new place together? How will you split the chores? Who is r...Read more →
In your experience, what’s the biggest misconception people have with credit cards? - Industry Roundup #15
Issue #15 centers on common misconceptions that people have about credit cards. Jason Steele asks our group of credit card experts what is the most common misconception that the general public has when it comes to credit cards. A great group of responses for this issue of...Read more →
If you’re thinking about buying a home in the near future (say, sometime in the next two years or so), you have a lot of things on your mind already. You’re probably thinking about the area in which you want to live, how much of a down payment you’ll need, and even the am...Read more →
For many of us, there are bigger credit card concerns than how environmentally-friendly they are. Considering some companies estimate that PVC-based credit cards are responsible for as much as 75 million tons of unrecyclable waste each year, though, I think most everyone ...Read more →
Most of us are excited about summer finally arriving. If you’re a student, teacher, or school administrator, you’re probably more excited than the rest of us -- after all, this means a few months of well-deserved fun, sun, and no alarm clock.
But while you should defi...Read more →
Paying for purchases with credit is about to cost Americans even more money. The Federal Reserve raised interest rates by one-quarter of one point on June 13, 2018.
While the Fed indicates that their willingness to raise interest rates is a sign that the economy is r...Read more →
American Express has launched a new credit card to its portfolio called Cash Magnet, its third cash rewards card. The card features a simple rewards structure and is geared toward younger cardholders who have busy lifestyles.
The Cash Magnet card offers unlimited 1.5 p...Read more →
Issue #14 of the Credit Card Reviews Industry Roundup touches on innovation, specifically which credit card companies are the most innovative through their products and why. Let's see which institutions lead the pack in the credit card perk/innovation race as we hit the h...Read more →
Citigroup, Inc has a new online bank. The company is considering several types of rewards programs to tempt their credit card customers to bank with them. They’ll start by offering their American Airlines rewards program to checking and savings customers. Debit rewards on...Read more →
If your credit report and score aren’t quite good enough to qualify for a credit card, you may be eligible for a secured card that can be used at the same locations that accept regular credit cards. A secured credit card is co-branded with Discover, American Express, Visa...Read more →
If you're a Citi credit card holder, you may have received a notice in the mail or when you log into your account announcing that soon your Citi card will give you fewer benefits.
You may not have ever used these benefits--or even known they existed, especially if you'...Read more →
We’ve seen it everywhere from coffee shops to pharmacies, and even in department stores: the option to pay with your mobile wallet. Simply opening your cell phone to pay for purchases sounds incredibly easy as well as convenient, especially since our phones are typically ...Read more →
Get rewarded for using a credit card? It's an offer that a lot of credit card holders can't refuse, as rewards cards are some of the most attractive types of credit cards in consumers' wallets. But according to a recent study, consumers may be more blinded by the idea of ...Read more →
Digit isn’t a new app. In fact, people have been saving money with Digit since 2014, automatically tucking cash away each month without even thinking about it (to the tune of over $1 billion total). Now, though, Digit wants to help its users do even more, using their auto...Read more →
If you’re a small business owner, you probably rely on a number of financial products to keep your business moving. Like most business owners in America, you probably also have quite a few credit cards in your arsenal. You may even be leveraging your personal credit and r...Read more →
If you shop frequently for clothes and accessories at some of America’s major retailers, you probably are aware of T.J. Maxx and Kohl’s. Both companies offer credit cards that provide benefits for frequent shoppers. Let’s check them out and see if one store’s card is a be...Read more →
As simple rewards programs with straightforward requirements attract the attention of credit card customers, banks are extending attractive offers to small businesses, as well.
Chase Bank’s newest addition to their credit card lineup is the Ink Business Unlimited Car...Read more →
If you're a fan of InterContinental Hotels, Hotel Indigo, Crown Plaza Hotels, Holiday Inn or one of the many other brands under the IHG hotel umbrella, you might be interested in its two new credit cards: The IHG Rewards Club Premier Credit Card and the IHG Rewards Club T...Read more →
Summer is just around the corner. This means that many parents have excited new high school grads at home, who are eagerly preparing for college. While your worries may center around them eating well, not drinking underage, and actually showing up for class, there’s one m...Read more →
If you’re taking any trips this summer – whether back home to see the grandparents or halfway across the world – there are a lot of things to consider. You need to plan how you’ll travel, where you’ll stay, and whether you need trip insurance. One thing you don’t really n...Read more →
If your house is full of Hemneses, Billys and Skulsfjords; you're extremely handy putting furniture with an Allen wrench; or you have a soft spot for Swedish meatballs, IKEA's new rewards Visa card might be for you.
The new Visa rewards card issued by Comenity Capital ...Read more →
Allegiant Air and Sun Country Airlines are two low-cost carriers that offer credit cards that surprisingly aren’t the most budget-friendly cards. Nevertheless, they come with some nice perks if you fly frequently enough.
First, let’s take a look at Allegiant’s card. It...Read more →
The credit card sign-up bonus is one of the most useful perks a bank can offer for customer acquisition. However, not all bonuses are created equal, and over time, theses bonuses have grown and grown. For Issue #13 of the Credit Card Reviews Industry Expert Roundup, Jason...Read more →
Cash back credit cards are incredible products. You can earn hundreds (or even thousands) of dollars’ worth in free rewards, just for buying the things you needed anyway. But while they are beneficial in many ways, rewards-based cards also have a few pitfalls that can tri...Read more →
For consumers that tire of playing the credit card rewards game commonly referred to as churning, the temptation to find one or two cards with great rewards programs and ditch the rest may be great. There’s never been a better time to give up the time-consuming task of tr...Read more →
The military is a demanding job field, one that requires a lot of both its servicemembers and their families. In an effort to ease the strain on these military men and women – especially when they are called up for active duty service – there is now a law that offers quit...Read more →
One of the most enticing features of credit cards today is probably the introductory APR offer. For a certain number of months, you can carry a balance on your new credit card without paying a single penny in interest charges. This is incredibly helpful for paying off a l...Read more →
Issue #12 of the Credit Card Reviews Industry Roundup, focuses on expert picks for what they consider the best credit card of all time. This question requires them to have been a cardholder of the offer and an explanation as to why it's their favorite. Jason Steele asks t...Read more →
A new survey of Baby Boomers and their financial dilemmas has been released by Wells Fargo. It reveals that many older Americans are probably still not fully prepared for life after work, and their adult children have different views on how to cope with their financial ne...Read more →
Consumers' mailboxes seem to be stuffed with more credit card offers than ever before, and consumers appear to be taking advantage of the opportunity to get more credit. However, they're not always responsible about managing their credit payments, and we're starting to se...Read more →
Nordstrom and Macy’s are two department stores that attract a lot of customers, both on- and off-line. Both of them offer store and credit cards that come with a range of benefits. Let’s take a look at these cards and see which store provides the better perks.
Up firs...Read more →
Credit card fraud is the most common type of identity theft, as reported by the Federal Trade Commission (FTC). There were 133,015 reports filed in 2017. It’s a bigger problem for American consumers than tax-related fraud or unemployment fraud.
Incidents of credit ca...Read more →
Biometric technology continues to make baby steps toward being viable for use in credit cards, as Visa is launching a biometric payment card in the Middle East. Meanwhile, other card companies are making inroads as well. SmartMetric has created a biometric fingerprint sca...Read more →
Even the most responsible people can sometimes miss a bill payment. Whether an established auto-pay didn’t go through, life just got hectic, or there was an extenuating circumstance, it can almost be an easy oversight. So, how can you minimize – or even correct – the dama...Read more →
I know, I know, it feels like 2018 just started. Some of us were shoveling snow just a week or two ago, after all. However, we are more than a third of the way through the year already, which means that now is the perfect time to start thinking about the holidays.
No,...Read more →
Do you have exciting plans lined up for the summer or are you thinking ahead to holiday trips home? While you’re probably focused on cutting costs and earning miles right now, you should also be thinking about how to make that upcoming trip even easier.
According to a...Read more →
Credit cards get a bad rap sometimes. They’re blamed for consumers’ smothering debt or high interest charges. In reality, though, credit cards are excellent tools for building a credit history, earning cash back, and allowing for financial flexibility. It’s all in how you...Read more →
Most of us have been there, especially as credit card newbies. We open a new account, only to be offered a paltry limit that does little for our spending options and even less for our credit score. But luckily, this low limit won’t last forever. Whether you request a cred...Read more →
For people who are ready to start paying down their credit card balances, Digit’s newest feature makes the process painless. The savings app is already a favorite among users for its intuitive savings processes. Users link Digit to their bank account and the app uses adva...Read more →
Earning rewards, either in the form of points or miles, is one of the best benefits of credit card use. You’ll essentially earn free money just for buying the things you need anyway. But are there ways that you can squeeze even more rewards out of your credit card program...Read more →
There are usually a handful of options for redeeming your credit card rewards. So, which one gives you the most bank for your buck?
If you’re using a credit card that offers cash back rewards – and why wouldn’t you be, considering that it would earn you free money on t...Read more →
Jason Steele addresses a question that many people have asked when it comes to rewards credit cards and their programs. As the landscaped has evolved, have the specifics of the programs themselves become increasingly difficult to decipher for the consumers using them? Let...Read more →
Overall, credit card delinquencies are at an all-time low across America. Even so, many cardholders don’t understand what happens when they make a late payment on a revolving charge account.
Credit card companies charge a late fee when a consumer pays their bill past...Read more →
Gas station credit cards offer tempting sign-up bonuses, are easy to sign up for on-the-spot, and often offer an ongoing promotion that cuts the cost of filling your fuel tank.
It seems like a gas station credit card that offers a certain amount of money off each gal...Read more →
A new financial services company called MoneyLion has launched, and it is trying to revolutionize the way people manage credit, make investments, and take out loans.
There are two account options available at MoneyLion: the regular account, which is free; and MoneyLio...Read more →
The app that helps you save more money than you thought you could is adding a feature that lets you chip away at your credit card debt and hopefully help you pay it off faster than you thought you would.
Digit, a savings generator app, recently announced a new feature ...Read more →
If you’re in the market for a new American Express card, you may want to take a look at a couple of cards at Charles Schwab. While Schwab is better known for its stocks and bonds, the financial conglomerate also operates an FDIC-insured bank; and it has two American Expre...Read more →
Using credit card rewards is a trendy way to pad a travel budget. Nearly 70% of Americans have a travel rewards credit card according to a survey conducted by Harris Poll in late February of this year.
While it’s a great way to add some luxury or a few extra days to ...Read more →
If you currently have auto or home insurance at State Farm, you may want to take a look at the company’s deposit products. State Farm Bank is FDIC insured and offers a large selection of account types.
First up is State Farm’s checking account. It comes with no monthl...Read more →
Move over Siri, Cortana, and Alexa. Bank of America has launched its own helpful bot. Her name is Erica, and she is capable of a wide range of banking functions. She’s not able to order pizza or play music for you, however.
Bank of America has integrated Erica in its ...Read more →
If you carry any number of credit cards these days – especially some of the newer, more exciting products – you’ve probably noticed a trend. Many of these cards look much different than the ones we are accustomed to seeing in our wallets, complete with elegant designs, he...Read more →
Beginning on Monday, some consumers may get a welcomed surprise when they open their credit-monitoring apps: a significant score boost. That’s because come April 16, all three credit bureaus will begin excluding tax liens from consumers’ credit scores. This change, which ...Read more →
Do you think that rewards credit cards are sustainable, or are they eventually going to be less generous? - Industry Roundup #10
This week, for Issue #10 of the Credit Card Reviews Industry Roundup, the focus is on the future of rewards cards. The experts offer their predictions on the ever changing rewards credit card landscape and what they think is in store for us going forward. Jason Steele ask...Read more →
If you have an American Express Plenti co-branded credit card, mark your calendars. American Express is shutting down its Plenti loyalty program this summer, and if you don't use your points, you'll lose them.
Plenti tweeted out that it would end its program on July 1...Read more →
Last year, Chase Card Services and Marriott International, a leading global hotel brand, renewed their co-branding credit card agreement, and this year they're launching a new rewards card that has a limited-time 100,000-point new cardmember bonus.
The Marriott Rewards...Read more →
If you're like me, when you're shopping, you want to get through the cashier line as fast as possible. That's why last year's announcement from the four major credit card companies--American Express, Discover, Mastercard and Visa--that they were eliminating the signature ...Read more →
There’s something to be said for loyalty – even when it involves credit card products – but does that loyalty come at a price?
A recent study found that a surprising number of Americans are sticking with their old, trust credit card, even if it might not be the best pr...Read more →
The Barclays Arrival Premier World Elite Mastercard is a new credit card designed to offer a yearly incentive that encourages long-term use. Credit card users sometimes open new cards just for the sign-up bonus and introductory offer. After meeting the terms and collectin...Read more →
If you need to open a bank account, you may feel overwhelmed by the sheer number of choices today. There are a variety of account types and even different kinds of institutions. Once you understand the advantages and disadvantages of the various choices, you’ll be better ...Read more →
Building good credit is an often-misunderstood process. Having a low FICO score means you’ll pay a higher interest rate on revolving accounts like credit cards as well as personal loans, auto financing, and mortgages. If your credit history shows negative items such as mi...Read more →
When shopping around for a new credit card, there are a few important things to compare. You’ll want to know if the card earns rewards (because, why not?), whether it charges an annual fee, and how many perks it includes. You are probably also drawn in by welcome offers, ...Read more →
We all know how to get into credit card debt--that's easy. Just spend way more than you earn in a given month, and you'll quickly find yourself owing a lot of money.
We also know how to stay out of credit card debt. Don't spend more than you have in terms of the money ...Read more →
Few of us even think about our credit while we are in high school. There are plenty of things to worry about beyond finances, credit cards, and qualifying for student loans. However, there a number of reasons that you (or your high school-aged child) should work to build ...Read more →
A long time ago, you could only pay for things with cash. Then the concept of credit appeared in the 1920s, but you could only use credit at a particular store or chain that offered it. The credit card that most of us have at least one of--but likely more--in our wallet i...Read more →
SunTrust Bank has a very large selection of financial services, on both the business and consumer sides. One of its personal Mastercards would make a good addition to a SunTrust checking account, as the credit card can serve as overdraft protection.
The Cash Rewards c...Read more →
Issue #9 of the CreditCardReviews.com Credit Card Industry Roundup covers the ever so important, but often overlooked subject of credit card benefits included with card membership. Jason Steele asks this weeks panel of credit card experts the following question as to whic...Read more →
According to a recent study by SmartMetric, U.S. consumers enjoy credit card rewards, but place security concerns above their desire to own a card that offers miles, perks, and cash back rewards.
The U.S. Consumer Payment Study shows that 74% of credit card holders p...Read more →
Whether you’re just starting out in your credit-building journey or are a plastic-carrying veteran, nothing is guaranteed. Anyone can be denied for a credit card application at any time, even if you were confident in your odds for approval. So, what are the reasons you co...Read more →
USAA was founded in 1922 to make financial products more accessible to servicemen and their families. Today, the company has millions of customers and billions of dollars in assets. Soldiers who currently serve or previously have served in the U.S. armed forces can open a...Read more →
Cryptocurrencies have been tremendously popular over the last couple of years, but if you have a nice-sized chunk of cryptocurrency sitting in your digital currency wallet--say, from having a side gig that pays you in Bitcoin--and you need to use that currency to cover yo...Read more →
How many times have you been shopping online, only to abandon your potential purchases because you didn’t want to get up to find your credit card? Or maybe you were even concerned about the security of the website, and didn’t want to hand over your credit card number. Wel...Read more →
If you’re one of the 30% of Americans who don’t currently hold a credit card, you may feel like you’re missing out on the magic that is Amazon. The online sales giant, known for its lightning-fast Prime shipping (and even same-day delivery on some items), has been steadil...Read more →
Cash back, air miles and points not cutting it for you anymore? There's a new credit card coming out that's going to have a new type of reward: Cryptocurrency.
Blockrize is the brainchild of entrepreneur Thomas Harrison, who wanted to invest in cryptocurrency but got t...Read more →
As Heraclitus once said, Change is the only constant in life. And while you may have never thought about it, your credit report isn’t exempt from this rule.
In fact, I have a few predictions about the types of shifts we will encounter in the near future. All of these w...Read more →
The average American currently has over $6,000 in credit card debt. If you are currently walking around with a balance on one or more cards, you may wonder what would happen to it if you were to unexpectedly pass away. Would your spouse be on the hook for the balance owed...Read more →
Few people carry a consistent supply of cash in variously sized bills, these days. Plastic is easier to handle, safer, and often comes with rewards programs. For parents, finding change and small bills for after-school snacks between activities, spending money for a day o...Read more →
HSBC provides a wealth management package called Premier for high-net-worth individuals. The global bank offers this special service in just a few select countries. Hong Kong and the UK are of course included as these locations are where the bank has its roots. U.S. resid...Read more →
Have you ever gone to a store or gone out to eat with a group of friends and been embarrassed because your credit card's been declined? Have you checked your credit card statement and groaned with the realization that someone's stolen your card number and made some fraudu...Read more →
For Issue #8 of the CreditCardReviews.com Credit Card Industry Roundup, the question caters to individuals with multiple credit card accounts and advice on how to manage them when they are across multiple issuers:
**How do you keep track of all of your credit card acco...Read more →
Whether you do most of your retail shopping in a department store, sporting goods store, or even a big box electronics store, you’ve probably been offered a retail-branded credit card at some point. Often incentivized with shopping discounts, these store credit cards usua...Read more →
Citigroup overcharged millions of their credit card customers between 2011 and 2017. They plan to send letters of explanation and refund checks to people affected by their failure to lower interest rates as mandated by the Credit Card Accountability Responsibility and Dis...Read more →
If you have an exceptional credit score, you are in a great position for applying for a new credit card. With your established, positive credit history, the door opens to you for some of the best credit products around. So, which product is the best credit card for excell...Read more →
If you shop around online, you’ve probably bought something on Amazon. But don’t worry, you’re not alone – as many as 86% of American adults have bought from the Prime shipping online giant. If you’re going to shop on Amazon, though, which credit card is your best choice?...Read more →
In a move that you don't often see by major banks, Citigroup recently announced that it plans to refund hundreds of millions of dollars to some of its U.S. customers to make up for an error the credit card issuer found in determining annual percentage rates.
Citigroup ...Read more →
For Issue #7 of the CreditCardReviews.com Credit Card Industry Roundup, the focus is on adults who are new to credit cards. Jason Steele asks our group of credit card experts this week:
What advice would you give adults who are just starting to use credit cards?
...Read more →
Signing up for (and using) your first credit card can be exciting. Not only does it give you spending power that you didn’t previously have, but you’re building your credit history at the same time. If you get the right card, you can also earn rewards on the things that y...Read more →
While its parent company is based in Europe, Santander Bank provides a suite of US-based Mastercards that come with a range of enticing benefits. These perks can come at a cost, however, as some of the cards have steep fees for several activities.
The first card unde...Read more →
Oh, debt. Most of us have carried it, many have fought their way out, and almost all of us have regretted ever being in debt in the first place. It may be surprising to think, then, that many Americans would willingly go into debt again… but only for certain purchases.
...Read more →
Credit cards are an excellent financial tool, allowing us flexibility in our spending, the ability to earn rewards on the things we buy, and even help up build our credit reports. But not everyone knows how to properly manage one (or a wallet full of them). Could your cre...Read more →
If you have a Citibank credit card and have paid interest on your balance over the last few years, you may be getting a refund in the mail sometime soon. After a standard, periodic internal review, the company discovered that its interest rate methodology had been skewed....Read more →
If you have a credit card that earns cash back rewards, it only makes sense to use the card for as many of your expenses as possible. After all, you essentially earn free cash each month by doing so, without spending extra money. But are there perks to using specific cred...Read more →
Mastercard is celebrating the 20th anniversary of its "Priceless" campaign with a new global push to urge its cardholders to start their own personal journey on the road to fulfilling a passion or purpose.
The credit card brand started its "Priceless" program in 1998 a...Read more →
During September of 2017, the credit reporting agency Equifax reported that a data breach exposed the personal information of more than 140 million Americans. The leaked information put these people at risk for identity theft.
Equifax publicly acknowledged the data bre...Read more →
The Center for Microeconomic Data at the Federal Reserve Bank of New York has released a Survey of Consumer Expectations, and it reveals a lot of fascinating information about how Americans plan to use their credit cards in the future.
For instance, the percentage of ...Read more →
If you’re like most people, you are up-to-date on the most popular benefits that your credit cards offer. You know the rate at which you earn cash back rewards, and you might have even taken advantage of an introductory APR offer or return protection. However, there could...Read more →
Announced a few months ago, Starbucks and Chase have finally launched their new co-branded Starbucks Visa rewards credit card, which is integrated with the Starbucks Rewards loyalty program. Customers earn Starbucks Stars on all of their purchases, which they then can red...Read more →
Most of us would never even think about cheating on our significant other. According to a recent survey, though, there’s a type of cheating that many consider to be even worse than a workplace affair: financial infidelity.
This type of infidelity involves lying to you...Read more →
Banks make a lot of money raking in fees for all sorts of activities, one of which is overdrawing an account. Overdraft fees for debit card transactions, bounced checks, and ATM withdrawals literally result in billions of dollars in revenue for America’s financial institu...Read more →
Issue # 6 of the Credit Card Reviews Industry Roundup covers paying off credit card debt. Credit Card Expert Jason Steele asks the participants this week:
What are the most effective ways to pay off credit card debt?
This week we have Susan Johnson Taylor, Louis...Read more →
In the wake of last year's epic breach at Equifax that affected up to 145 million consumers in the U.S., Equifax offered free credit monitoring and free credit freezes. Although the credit monitoring offer ended in January, the company has extended its free credit freeze ...Read more →
While governments issue warnings about the dangers of purchasing cryptocurrencies like bitcoin, a few of the largest credit card companies have released new policies against what enthusiasts call the money of the future.
Capital One, PNC Bank, and TD Bank were the fir...Read more →
No matter where you are in your financial journey, you’ve probably made some mistakes along the way. These might be small (such as a purchase that you regret in hindsight) or very large (like not saving enough for retirement while you could). Either way, it’s fair to say ...Read more →
If your mailbox is anything like mine, it’s filled with the same stuff each afternoon: bills, pizza delivery menus, and credit card offers. So, what do these credit card pre-approval letters really mean? Should you simply toss them out, or can they actually benefit you?...Read more →
For Issue # 5 of the Credit Card Reviews Industry Roundup, Credit Card Expert Jason Steele asks the following question:
What are the big trends that you see in the credit card industry in 2018?
Here are the responses from this week's industry experts which inclu...Read more →
Applying (and getting approved) for your very first credit card is an exciting rite of passage. Many of us are eager to fill out that initial application with our personal info, awaiting the plastic spending power that will soon be ours. But what if you don’t have everyth...Read more →
Instead of watching reality TV shows about Alaska, you could actually travel there and earn some pretty nice rewards along the way. Bank of America has teamed up with Alaska Airlines to offer a Platinum Plus Visa and a Signature Visa.
The Platinum Plus card comes with...Read more →
What do you think about the new(er) chip readers at the cash register? Do you consider them neat, frustrating, invasive, secure, or any other adjective? Well, Visa wants to take your credit card security up a notch, by introducing the biometric credit card this year.
T...Read more →
You may or may not have heard the term “piggybacking” before, in relation to your credit cards. However, if you’re looking to build your credit, you’ll probably want to learn a bit about it.
How Piggybacking Works
Credit card piggybacking is the practice of hopping ...Read more →
If you’ve ever gone furniture shopping, you’ve likely encountered them: branded credit cards that usually offer a discount on your purchase, as well as no interest for x number of months. It sounds incredibly tempting, and usually results in you doing some enticing math i...Read more →
Oh, millennials. Our newest age group to emerge into the “adulting” scene, they seem to still have a bit of catching up to do. This is further evidenced by a recent survey, which found that nearly half of the young generation is clueless as to their current credit card in...Read more →
No credit history? No credit card for you! At least, that's been the traditional attitude of credit card issuers. Getting your first credit card can be something of a Catch-22 because banks aren't prone to taking a risk on giving a credit card to someone who doesn't have ...Read more →
If you’re keeping a close eye on your credit report using a monitoring service or even through your bank or card issuer, you may notice that your credit score can fluctuate from month-to-month. This is true whether you are making big financial moves or just trucking along...Read more →
If you thought that Wells Fargo was finally putting all of their litigious woes behind them (after a few years of lawsuits, claims of fraud, and company apologies), you’d be wrong. Last week, it was announced that the company is yet again being named the defendant in a la...Read more →
Nearly one-third of U.S. credit card holders paid their balances in full every month during the first quarter of 2017 according to the American Bankers Association. In 2008, only 20% of cardholders weren’t carrying a balance from one month to the next.
Credit card use...Read more →
Americans have got more consumer debt than ever, yet according to Experian's annual State of Credit report, our credit score numbers are still climbing.
This month, the Federal Reserve released its latest report on consumer credit, which showed that Americans' level of...Read more →
Biometrics are slowly infiltrating the products we use on a daily basis as being a more secure way to authenticate who you are by using something that's unique to you. I, for one, use my fingerprint to unlock my cell phone and my laptop. Pretty soon, we could use biometri...Read more →
Did you know that there is a wrong way to pay off your credit card bill each month? That’s right… depending on when you make your credit card payments – even if they are for the entire balance – you could be negatively impacting your credit history.
Until a few years ...Read more →
Have you ever looked at your credit card or student loan balances and thought to yourself that you’ll be in debt forever? Well, you certainly aren’t alone – in fact, two-thirds of U.S. adults believe they’ll be in debt until they die.
A recent survey of 1,144 adults, c...Read more →
Ah, January. It's exciting to start a new year and perhaps turn over a new leaf. After all, flipping a calendar to a new year means endless possibilities for a better life, right?
That's true, until the December bills come in. It's easy to get into the holiday spirit a...Read more →
It's the beginning of a new year, which means you see a lot of personal finance advice on how to create financial goals for the year that help you build your personal wealth. Usually this advice includes getting rid of as much credit card debt as possible.
Unfortunate...Read more →
If you're planning a trip to the Aloha State, you could save a good chunk of money by travelling with the right card. In particular, Hawaiian Airlines offers cost-effective cards with some nice perks.
Mastercard's premier credit card, the World Elite card, is avail...Read more →
Many Americans suffered a financial setback in 2017. According to a survey conducted by the National Endowment for Financial Education over 60% of households said they had an unexpected expense during the year that couldn’t wait.
Unexpected and expensive car repairs, ...Read more →
You would think that the Great Recession would have taught many of us some tough financial lessons. After all, many of us saw our jobs, mortgages, debts, and even home prices impacted. However, according to the latest data from WalletHub, it would seem that Americans are ...Read more →
A recent telephone survey of American adults conducted by Princeton Survey Research Associates International revealed that 43% of credit card holders carry a balance that’s more than two years old. 23% have credit card debt that’s more than five years old. With average in...Read more →
If you’re looking for a cashless payment method, KeyBank offers a suite of cards that provide zero liability fraud protection, 24/7 customer service, and online and mobile banking.
First up is the Key2More Rewards credit card. Co-branded with Mastercard, it comes with ...Read more →
Credit card debt is at a new all-time high as of November 2017. Consumers owe $1.02 trillion according to the latest report from the Federal Reserve. The average American made $1,054 in new charges to their credit cards during the holiday season.
In a December 2017 su...Read more →
Citigroup is one of the world's largest financial conglomerates with prominent operations in investment banking, credit cards, and wealth management. The company also offers simple checking accounts, and they can all be opened with no deposit.
First up is the Citibank...Read more →
American Express offers several corporate cards that carry a wide range of benefits for large businesses. The card issuer defines large as more than $4 million in revenue per year. There are currently seven AmEx cards that large companies can use for a variety of transact...Read more →
For Issue # 4 of the Credit Card Reviews Industry Roundup, credit card expert Jason Steele asks the following question:
What Steps Do You Take with Your Credit Cards to Help Protect Yourself from Identity Theft?
Here are the responses from this week's industry e...Read more →
Customer loyalty isn’t as strong as it once was, and retailers are stepping up their game to get the attention of shoppers who may look elsewhere for the best deals. According to a recent survey conducted by FreeShipping.com, only 4% of holiday shoppers valued loyalty to ...Read more →
If you shop regularly at one of America’s major retailers, you may be able to trim your receipts by using a store card. This is the card you most likely have been asked to open at the cash register. There’s ample reason to take the advice, although be sure to read the fin...Read more →
Mobile payments have been the next big thing for years, as companies keep wooing customers with options for paying for goods on the go within a mobile app. Now GM literally lets drivers of its cars make mobile payments with its new Marketplace feature.
Marketplace wor...Read more →
With constant news about data breaches, worries over credit card fraud are far too real for consumers. Fraud losses related to credit card use total roughly $22 billion annually, and the cost of fraud is on the rise.
The good news is consumers are shielded directly fro...Read more →
Credit Card Reviews Industry Roundup: For Issue # 3 of the Credit Card Reviews Industry Roundup, Credit Card Expert Jason Steele asks the following question: What's Your Best Tip For Maximizing Rewards Programs with Your Credit Card?
For Issue # 3 of the Credit Card Reviews Industry Roundup, Credit Card Expert Jason Steele asks the following question:
What's Your Best Tip For Maximizing Rewards Programs with Your Credit Card?
Here are the responses from this week's industry experts which inc...Read more →
It’s a commonly-voiced concern: if you tie the knot, will your new spouse’s credit impact your own (or vice versa)? This is a particularly important question if one of you has a notably worse credit history than the other.
So, does your credit report change when you s...Read more →
Chase Bank wants Freedom cardholders to use their mobile payment system, Chase Pay. As an incentive, during the first quarter of 2018, they are expanding their 5% cash back program to include purchases made with Android Pay, Chase Pay, Samsung Pay, and Apple Pay.
This...Read more →
Over the last few years a few companies have made a big splash trying to bring all-in-one credit cards to the market. Some of these companies include Plastc, which went bankrupt before it ever shipped a product to its early backers, and Coin, which did ship a product but ...Read more →
It happens often: your card expires and is replaced automatically, or you request a new one due to fraud, loss, or personal preference. The pain in this, though, is that you need to then inform all of the companies with whom you have recurring monthly billing that you hav...Read more →
The new iPhone X comes with an exceptional feature called Face ID that can be used in place of the older fingerprint scanner of previous phone models. Face ID projects tens of thousands of tiny infrared dots onto the user’s face. If the technology recognizes the face, it ...Read more →
If you currently carry a Discover card for the cash back rewards and perks, you might want to pay attention. Some of those benefits will be disappearing in 2018, and they may impact how you spend in the future.
Let’s take a look at what’s being eliminated, what’s stayi...Read more →
Starting the new year with a pile of credit card debt isn’t ideal, but consumers who know how to maximize their credit card rewards and minimize their fees and interest charges throughout the year can use plastic to put a dent in their holiday spending.
The key to get...Read more →
A recent survey of bank performance by Bank Director, an informational company that tracks such things, has graded some of America’s most well-known financial institutions in a variety of categories. And the results suggest that bigger is not always better.
Best for ...Read more →
Back in October we reported that Mastercard is removing the signature requirement on all purchases starting in April 2018. Now both Discover and American Express are following suit, also getting rid of the need for a signature for purchases. Discover is eliminating the re...Read more →
Hotel provider Marriott International has signed new multi-year agreements with its co-brand credit card providers JPMorgan Chase and American Express with an eye on offering new products in the coming year.
The agreements with JPMorgan Chase cover three current cards:...Read more →
Credit Card Reviews Industry Roundup: Do You Believe That the Benefits of Credit Card Churning Outweigh the Negatives?
For Issue # 2 of the Credit Card Reviews Industry Roundup, Credit Card Expert Jason Steele asks the following question:
Do You Believe That the Benefits of Credit Card Churning Outweigh the Negatives?
Here are the responses from this week's industry experts whic...Read more →
If you were faced with a large, sudden expense in the next few weeks, where would you turn first? Would you pay it in cash from your savings account, take out a personal loan, or simply turn to the available credit on your favorite credit card?
If you’re like many Amer...Read more →
While credit cards and frequent flyer programs of major airlines are better known, budget airlines also have their own lineups. In particular, Allegiant Air and Frontier Airlines both offer Mastercards and loyalty programs that can reward devoted customers of these compan...Read more →
Information from the Federal Reserve and The U.S. Census Bureau indicates that the average American adult has $5,700 in credit card debt. Nearly 40% of all American households carry credit card debt.
Many consumers will see those bills rise if the Fed decides to raise ...Read more →
“Credit or debit?” You’ve likely been asked that hundreds of times at the register. Do you know which one you should be choosing, though? Let’s talk about when it’s smarter to choose debit over credit.
When to Choose Credit
Before we jump into the times when yo...Read more →
It's shopping season, which means consumers and retailers are primed to see a lot of money change hands--or, quite probably, a lot of plastic change hands. More consumers have access to credit than ever before, and more of them are carrying a balance, according to a new r...Read more →
SunTrust Bank has a variety of deposit and credit accounts that are competitive with those offered by better known financial institutions. In particular, SunTrust’s checking accounts come with many useful banking services and there are methods available to avoid their mon...Read more →
The average credit card debt interest rate is about 16%, making it the highest it’s been in a decade. While few borrowers hover on the verge of default, these high interest rates mean banks are making big money on the American consumer’s willingness to rack up debt.
W...Read more →
We’ve all been there. You lug all of your new purchases to the register, watching the total climb higher and higher, when the clerk offers you an enticing offer to “save 20% on your purchase today.” The only catch? You have to apply for the store’s branded credit card.
...Read more →
Credit Card Reviews Industry Roundup: Which Credit Card Do You Do the Bulk of Your Spending on and Why?
Have you ever wondered how people who work and report on the credit card industry use their credit cards? Or better yet, which credit cards they carry?
For the first bi-weekly issue of the Credit Card Industry Roundup, CardCon Conference Founder Jason Steele asks 5 ind...Read more →
If you plan to remodel your home, or do such activities professionally, Home Depot offers a selection of credit cards that provide extended return periods and discounts on financing. Because these cards aren’t co-branded with Visa, MasterCard, or another credit card compa...Read more →
Another week, another credit card breach. This time, it's Forever 21 that's explaining why its point of sale devices in some stores were hacked, leaving anyone who bought something from them between March and October of this year wondering if they're going to have to go t...Read more →
During Starbucks' fourth-quarter earnings call, CEO Kevin Johnson indicated that the company would launch their newest financial product this winter. In cooperation with the financial giant Visa, Starbucks will offer a co-branded credit card by Chase that makes earning St...Read more →
‘Tis the season, which means that gift-giving is probably on your radar. But if you also have student loan debt, beware: it seems that you’re at risk for digging yourself even further into debt with holiday shopping.
A recent survey found that this year, those with stu...Read more →
That trip you’ve been dreaming about to Monaco could go a lot more smoothly if you know which debit and credit cards to take with you, and which ones to leave behind. Fees and policies for foreign currency transactions, ATM withdrawals, and purchases made outside the Unit...Read more →
As Visa's tagline says, "It's everywhere you want to be," and if you're going to the Olympics in PyeongChang this coming February--or even just want to buy some Team USA merch online--it's the only credit card you'll be able to pay with if you want tickets or souvenirs. T...Read more →
National media calls the closing of 20 giant retailers in 2017 retail apocalypse. Big names like The Limited, J.C. Penney, Macy’s, and Abercrombie & Fitch couldn’t keep up with competition from online giants like Amazon and are closing some of their physical locations. ...Read more →
You already know how much damage credit card debt can do on your wallet. The interest alone easily add up to hundreds – if not thousands -- of dollars a year! But do you also realize just how much of an impact it can have on your love life?
If you’re in debt, your prim...Read more →
If there’s one thing that we as humans are pretty good at, it’s becoming complacent. We get comfortable in our jobs, in that well-worn sweatshirt from college, and even with our credit cards. We find ourselves a good thing, and don’t really see any reason to change. The...Read more →
A new trend in the brokerage industry is developing, one which has nothing to do with investing. Brokerage houses are offering credit cards, and they offer some nice benefits when linked to a securities account.
TD Ameritrade, for instance, offers the Client Rewards C...Read more →
Holders of Hilton Honors credit cards are in for a change. Come 2018, they're going to get a different brand of card, and there will also be other Hilton credit cards to choose from.
At the beginning of the November 2018, Citi announced it has sold its portfolio of Vis...Read more →
Aside from being able to put off paying for large purchases and the various conveniences credit cards offer, there are a few perks and benefits that come with charging your purchase as opposed to paying cash or using a debit card. Many credit card users don’t read the fin...Read more →
My parents taught me many important things growing up: my mom drilled in the importance of manners and taught me how to bake, while my dad showed me how to change a tire and throw a mean right hook. However, there’s one subject that my parents (unfortunately) didn’t focus...Read more →
Uber is the latest company to jump into the crowded credit card market, and it's making a big splash with its new rewards card, which offers up to four percent back on select purchasing categories.
The popular ride sharing company partnered with Barclays for its Uber V...Read more →
While Capital One is well known for its personal credit card commercials, the financial company also provides many bank products that small businesses can take advantage of.
First up is a business checking account called Spark Business Checking. It has no monthly fees...Read more →
For many people, the winter holiday season means extra spending. Gifts, celebratory meals, hosting parties, and travel expenses add up quickly. A report released by Magnify Money states that for consumers who add debt during the holidays, the average amount is $950. Over ...Read more →
Nearly two years ago, we wrote about a company named SelfScore brought a card product to the market that allowed international students the opportunity to get access to fair credit in the United States, as they weren't often able to be part of a traditional banking group ...Read more →
If you love the feeling of receiving something for nothing, credit card churning was created with you in mind. This involves signing up for several credit cards at one time, looking to receive the sign-up bonuses and rewards for new customers. The churn aspect enters the ...Read more →
The Signature card has been Visa’s top offering in the United States for several years now. But a new product, Visa Infinite, has arrived, and it offers the company’s highest level of benefits. While some perks overlap with the Signature tier, Infinite offers many luxurie...Read more →
It’s difficult to ignore the persistent cybersecurity threats that the financial services industry endures each day. Equifax, JP Morgan Chase, the Internal Revenue Service, and Deloitte have all experienced data breaches over the past five years. But, hackers don’t solely...Read more →
What if you could verify a purchase with a fingerprint, apply for a new credit card with a selfie, and verify your identity with your voice?
New technology adopted by large banks means better security for consumers and a reduced number of expensive security breaches a...Read more →
By now, we are all incredibly familiar with the drill at the cash register. You ring up your items, swipe your credit card (or, as is the new norm, insert a chip), sign a receipt or digital screen, and head out the door. Well, Mastercard is planning to make that process o...Read more →
Citibank has come up with an all-inclusive financial package that offers both investing and banking perks. Called Citi Priority, this membership comes with all the normal Citi services, such as branch locations and a handy mobile app. But it also offers a long list of ben...Read more →
The cash back rewards credit card scene has been competitive as of late, with credit card companies and banks fighting to outdo each other with rewards schemes. Now Capital One adds another cash back rewards card to its arsenal, and this time it's geared towards foodies, ...Read more →
The average American owns more than three credit cards. They are a convenient, safe, and popular way to pay for nearly everything. Even though credit cards are everywhere, there are a few persistent myths that smart consumers should understand.
_It’s alright to miss a...Read more →
Sometimes, life throws you a financial curveball. This could come in the form of an illness, job loss, divorce, or any other unplanned event that impacts your bank account as much as your cortisol levels.
So, what can you do when your budget takes a nosedive but the c...Read more →
2017 has been another non-stop year of data breaches that have put Americans' personal information at risk. Arby's, Chipotle, InterContinental Hotels Group, Brooks Brothers, Kmart, Sonic and Whole Foods are just some of the retailers and service providers who've been unde...Read more →
One of America’s most popular budget airlines, JetBlue, has teamed up with Barclays to offer two attractive MasterCards that come with a host of nice benefits. The JetBlue Card carries no annual fee, while the JetBlue Plus Card costs $99 per year.
Either card can be u...Read more →
Equifax announced a massive data breach last week that may have exposed the personal information of nearly half of all Americans. Credit experts say that freezing credit is one way to prevent identity theft in the wake of the latest information hack.
If your personal i...Read more →
When you signed up for your last credit card, you may have noticed some verbiage in the terms about cash advances. If your credit card company is anything like mine, they may even send you cash advance checks on occasion, which you could simply deposit into your bank acco...Read more →
A new survey by Mercator Advisory Group, a research company that specializes in payments and banking, is shedding important light on how consumers are performing financial transactions, and what the future holds for payment technology.
Although there are almost 70 bil...Read more →
If you're a hard-core gamer, entertainment lover and Sony Rewards member, there are some new cards designed to help you rack up Sony Rewards more quickly. Sony has partnered with Capital One to offer two no annual fee Visa rewards cards geared toward those who love entert...Read more →
Thursday, September 21, 2017, was a tough day for Whole Foods. Hackers stole payment information from their customers at undisclosed locations’ restaurants and taprooms. Only 10% of all Whole Foods stores have beer on tap, and the company isn’t disclosing exactly how many...Read more →
Getting your very first credit card can be pretty exciting. Whether it’s because you have a specific purchase in mind, want to start building your credit history, or just want to have it in case of emergencies, that first taste of plastic is a big deal.
This is why it’...Read more →
Major credit card brands often put together a variety of sweet perks to encourage you to use their credit card more frequently. Those perks can include travel assistance or extended warranties and other valuable benefits -- like free shipping on certain online shopping pu...Read more →
A recent survey by Fiserv, a financial services technology company with billions of dollars in revenue, has found that the use and acceptance of nontraditional banking services are gaining ground, especially among Millennials.
An older study from 2016 found that only ...Read more →
The results of a survey conducted in May of 2017 by Experian show that 62% of people who use credit cards believe that there’s probably a better option for them than the card they currently carry. Most aren’t as satisfied with the experience of using their credit cards as...Read more →
Military servicemen and women are, on average, known for being regimented and disciplined. It’s interesting to learn, then, that a recent study found military veterans are more likely to have credit-related issues than their civilian counterparts.
The study, conducted ...Read more →
If you’re like most Americans, you’re probably concerned about the recent cyber attack on Equifax, one of the big three credit bureaus. If you’re not, you should be. According to the company’s internal review, vital data was stolen from roughly half the country. This info...Read more →
Airline miles have long been a popular type of credit card reward, but traditionally in order to earn reward miles on a particular airline, one has to have a branded credit card for that airline--and it typically comes with an annual fee.
Not anymore. Delta and America...Read more →
In a recent report issued by the National Bureau of Economic Research, two studies of retirees reveal that early baby boomers born between 1948 and 1953 aren’t as well off financially as those born in the two decades before.
Recent Census Bureau data indicates that am...Read more →
Once upon a time, pulling plastic out of your wallet at the register was reserved for big-ticket items. Maybe you used a credit card to purchase new living room furniture, or for that big screen tv. Stores often offered zero percent financing for a period of time, too, re...Read more →
Nearly 150-million people had their data exposed in the Equifax data breach -- that’s half of the population in the United States. Two weeks after the July breach was revealed, experts are now saying that the hack was so massive, the thieves were able to steal some 200-th...Read more →
Just when Wells Fargo thought a recent scandal was finally behind it, new revelations have surfaced, causing the fiasco to rekindle. Previously, the company announced that 2.1 million bogus accounts were opened without customer approval by employees trying to meet stressf...Read more →
Women spend more and make less, but they can manage their credit better than men. A new report released by the research firms Yankelovich Monitor and Greenfield Online revealed women are responsible for 85-percent of all consumer purchases despite making 80-percent less t...Read more →
As a result of the biggest hacking schemes ever, personal information contained in the Equifax credit reports of millions of people is now in the hands of cyber criminals. Equifax made the official announcement on September 7, 2017.
The breach isn’t limited to the Uni...Read more →
Having good credit can be a very beneficial thing. It can allow you to snag awesome credit products, like rewards-based credit cards. It can unlock the door for things like student loan refinances or consolidation loans. And, according to one recent study, it can also sav...Read more →
PayPal is jumping into the cash back rewards credit card market with a new Mastercard that offers two percent cash back on all purchases, both online and in stores, wherever Mastercard is accepted.
Two percent cash back is on the high end of the cash back rewards spec...Read more →
ETrade is widely known for its funny commercials, which advertise the broker’s low-cost investment services. What is not well known is that ETrade is part of ETrade Financial Corporation, a holding company that also operates ETrade Bank. The banking unit of E*Trade ha...Read more →
Fitbit, the company that's ubiquitous for fitness trackers that encourage wearers to get in enough exercise and steps everyday, has now jumped into the smartwatch category with its new Ionic smartwatch, which combines health, fitness, music, apps--and even payments into o...Read more →
Credit cards can be a big blessing to those that use them. They’re an easy way to earn rewards on the things you already buy, and can provide a buffer when you need to make a big purchase and don’t have the cash on hand.
However, they can also be a curse.
It isn’t ...Read more →
A recent study by Digital Shadows, a digital risk management company, is shedding light on the sophistication and growing complexity of cyber criminal organizations, especially as they pertain to the world’s financial conglomerates.
The research has revealed an educati...Read more →
PayPal just unveiled a new 2% cash back MasterCard with no annual fee, no rewards expiration, no minimum redemption amount, and no rules about how card owners can use their rewards.
Other card benefits include PayPal’s security protections and perks from MasterCard li...Read more →
Imagine being over $12 trillion in debt. That's what America's households combined are facing when looking at households' mortgage, auto loan, credit card and student loan debt, says the New York Federal Reserve, and this debt is growing.
The New York Fed recently rele...Read more →
Getting a good grasp on the idea of credit scores can be confusing. After all, there are so many different factors involved, it’s hard to know the impacts of every move you make. More than that, though, is the fact that there are literally hundreds of credit scoring model...Read more →
Many consumers open a subprime credit card account hoping that it will improve their low FICO credit score. Nearly 40% of millennials have subprime credit according to TransUnion. Over 16 million Americans with credit scores below 600 own at least one credit card. A subpr...Read more →
With the help of Chase, Southwest Airlines has a suite of Visa credit cards that earn miles in Rapid Rewards, its frequent flyer program. Even better, the cards offer enticing perks like admission to special events and access to international flights through partner airli...Read more →
After Discover had been rated the best in card satisfaction for the last three years, but this year, American Express surged to reclaim victory in the J.D. Power 2017 Credit Card Satisfaction Study.
In the eleventh edition of this study, American Express got the highes...Read more →
Proof that it’s important to read notifications from credit card companies about changing terms came this week from Comenity Bank. The financial company manages lines of credit for department and grocery stores across the country.
They are well-known as a bank that is...Read more →
If you’ve ever checked your credit report, you’ve noticed the section about inquiries. This part of your report plays into about 10% of your FICO credit score, so it certainly isn’t insignificant.
So, what are credit inquiries, are there different types, and how do the...Read more →
Bank of America is working on a suite of new technologies that will change the way you perform banking transactions. One tool in particular that could revolutionize how financial affairs are conducted on a mobile device is an iris scanner.
The bank has teamed up with ...Read more →
The luxury rewards credit card segment is getting a new competitor, as Bank of America is launching a new high-end rewards card this September.
Called the Premium Rewards card, it aims to break into the segment of rewards card holders who may want a piece of the premiu...Read more →
The generation that has all the information at their fingertips actually possesses some surprisingly poor awareness about how credit cards work, says a new survey from LendEDU.
LendEDU, an informational website about student loan refinancing, recently commissioned a po...Read more →
If you fly regularly on Delta Air Lines, American Express offers a card that earns miles in the company’s frequent flyer program, SkyMiles. In fact, there are three Delta SkyMiles cards. They have different levels of rewards with different annual fees.
The first one i...Read more →
According to bank data generated by Javelin Strategy & Research, 40% of millennial consumers (ages 18 to 34) receive push notifications, texts, and pop-ups generated by apps on their smartphones to alert them to credit card activity.
There are several types of notific...Read more →
It’s a familiar scene nowadays: you’re at the counter ready to pay, but first, you have to ask if they accept chip. If they do have it, you insert your credit card for an undisclosed amount of time until the machine beeps and rattles and asks you a bunch of questions. Eve...Read more →
American consumers have more money, more debt, and are choosing to deposit their income into checking accounts instead of shopping or investing. The latest data from the Commerce Department shows that consumer spending in the United States was flat during the first part o...Read more →
Wells Fargo & Company is hard at work creating new technological features that will improve its customers’ banking experiences with the company. It recently announced the development of Control Tower, an innovative tool that will display a “digital financial footprint” of...Read more →
Starting July 2017, a pilot group will be able to fund their Abra accounts using their American Express cards. Abra, a money-transfer and cryptocurrency app, has joined forces with American Express to make a way for consumers to buy bitcoin without the wait. More than 10 ...Read more →
Having your identity stolen is no joke. If a thief gets a hold of your personal information, they can take out credit cards and loans in your name that they never intend to pay. If you don't check your credit report on a regular basis, you won't know these accounts exist ...Read more →
United Airlines has teamed up with Chase to offer a suite of Visa Signature cards that come with some very nice perks, especially for frequent flyers of the airline. The cards earn miles in MileagePlus, United’s loyalty program. They also come with other benefits when use...Read more →
The cost of credit is on the rise in 2017, and making these mistakes with credit cards is more expensive than ever.
Carrying a large balance from month to month
If the Fed raises interest rates as promised throughout this year, nearly everyone who carries a balance...Read more →
If you saw an ad that promised you "a new profession, a new source of income, a completely different quality of life," you might take notice. If it then promised to "show you how to earn money in an interesting, intellectual and amicable way, and find progressive friends ...Read more →
Even though rewards and cash back incentives tend to be the main enticement offered by credit card companies/issuers, there are often additional perks offered. Some only embed these added benefits within their lengthy terms and conditions. Meanwhile, many others, such as ...Read more →
Credit score companies FICO and VantageScore have recently adopted new ways of calculating your ability to repay loans, and the new scoring methods are making it possible for credit card users to have higher credit scores; both credit score companies put the credit score ...Read more →
In recent years, luxury credit cards have gone viral with new cardholders being so excited about getting their new status symbols, they've posted "unboxing" videos online when the card arrives in the mail.
Now Citi is trying to up its game in this segment to compete w...Read more →
Is cash on its way to becoming a financial dinosaur? If Visa has their way, extinction is imminent. Visa plans to hand $10,000 over to each of 50 restaurants and food vendors for marketing and technology upgrades if the business will commit to starting what Visa calls, ...Read more →
Going to college is the first time many Americans have their first experiences with adult-style responsibilities such as managing their money. The college experience presents unique financial challenges because students must cover all their expenses with little or no inco...Read more →
Citibank has launched its digital wallet called Citi Pay, which allows Citi customers to quickly pay for goods and services online, in-app or in-store.
The service was first rolled out in Singapore, Australia and Mexico last November, and it included tap and pay capabi...Read more →
After more than 16 years together, Citibank and Hilton are going their separate ways. Earlier this year, the hotel chain created an exclusive partnership with American Express, and beginning in January of 2018, all Citibank credit cards with the Hilton logo will stop work...Read more →
Consumer Financial Protection Bureau Opens the Door to Class-Action Lawsuits Against Credit Card Companies
The Consumer Financial Protection Bureau recently issued a new rule that makes it possible for consumers to sue financial companies. A group of credit card customers who have a dispute can now file a class-action lawsuit.
Credit card companies usually have a mandatory...Read more →
Curve, one of the hottest new mobile-wallet options out there, has rolled out a new feature that lets you switch which card you paid with. It’s like the first step towards time travel -- kind of.
Fittingly, they’re calling it ‘Financial Time Travel,’ and it’s patent pe...Read more →
You make decent money, and you’re good at managing it. You have more than enough cash to pay for the things you need, plus some left over for discretionary spending. You know people with credit cards who have staggering amounts of debt and they’re miserable. You don’t wan...Read more →
In our convenience driven world, we’ve shifted to a “get it and forget it” psychology. Need to order an Uber or Lyft at 1 am? Easy. Just use the app. Want to pay for parking without using coins? Download the app, connect your credit card information, and pay instantly. Bu...Read more →
It might pay to check your credit score this summer, as you might see it rise, even if you haven't done anything differently with your credit. Although the boost might seem as if it happened by magic, it's really the result of a new change credit reporting agencies (CRAs)...Read more →
Almost half of all Americans experienced credit card fraud between 2012 and 2016 according to statistics compiled by Aite Group of ACI Worldwide. Only two countries; Mexico and Brazil, have a bigger problem with credit card fraud than the United States.
There were gia...Read more →
Have you ever been duped by one of your phone’s apps?
You downloaded that fun new game or free rebate app, only to be tricked by pop-ups and ads asking you to pay to upgrade. Some are quite sneaky, too, inserting upgrade screens where you least expect them. You go to c...Read more →
A credit score is an important tool that lenders, billers and even landlords use to make decisions about you. A good credit score can mean you get a good interest rate on a mortgage or auto loan or get approved to move into that dream rental apartment. A bad credit score ...Read more →
The credit card thieves targeting you don’t need sophisticated hacking skills to get ahold of your credit card details and take all of your money. Though credit card skimming, the practice of stealing credit card numbers off the physical credit card rather than online, is...Read more →
Transunion just released the findings of their Generation Z’s Financial Report Card study conducted in May of this year. Teens from the United States, Hawaii, and Alaska between the ages of 13 and 17 were interviewed extensively about their ability to manage money, how th...Read more →
A new financial app launched this week with the promise that it will help consumers automate their financial lives. Tally aims to revolutionize the credit card industry by automating individuals' credit card management and saving money for those who carry balances from mo...Read more →
Finding an inaccuracy on something as important as your credit report can be alarming. After all, the impact can be wide-reaching and detrimental.
What does it mean? How will it impact your credit score and loans? More importantly, are you the victim of credit fraud? ...Read more →
Credit card popularity has skyrocketed in recent years, in part, due to incentivising points systems and cash back programs. But now, impending lawsuits are threatening consumers beloved cash-back programs.
But who in the world would have something against cash-back, ...Read more →
In the 21st Century, one of the most enticing credit card features is their various cashback and other rewards systems. But, what most consumers may not know is that the merchant or small business transactions fees fund the consumer rewards. Each time you use your credit ...Read more →
Millions of Americans use their credit cards to buy goods and services online, but this doesn’t mean ecommerce is getting any safer. Data security breaches continue to rise in 2017 as hackers attack retailers to steal credit card numbers and other personal information. If...Read more →
If you’ve ever booked a flight online, put down a deposit on a resort getaway, or even prepaid for a rental car, you’ve probably been offered the upsell of travel insurance. This add-on coverage varies in price, but is meant to ease your worries about the “just in case” s...Read more →
It is possible to use credit cards without going into debt. Many consumers use credit cards so they can receive rewards in the form of gift cards, travel miles, or even cash back.
The difference between people who use credit cards to their financial advantage as oppos...Read more →
As if college kids don’t have enough to worry about when it comes to finances -- think loans, books, rent -- they’re losing money banking, too. A new report found American college students are shelling out over $795 million a year on bank and credit card fees.
As of l...Read more →
A recent poll by creditcards.com indicates that despite rising reports of credit card fraud, consumers continue to allow merchants to save their credit card and debit card details online.
Two-thirds of the poll’s respondents indicated that they allow at least one mobi...Read more →
Starting in 2008, the Federal Reserve held interest rates steadily at less than 1% for more than seven years to battle the crippling economic downturn. Times have changed, as seen by indicators such as record low unemployment rates, prompting the Fed to raise interest rat...Read more →
You’ve probably seen these eye-catching cards out there, on television commercials or in your mailbox. You know, credit card companies offering ridiculously high cash back rewards – as much as 5 or 6%! – on the things you buy most: gas, groceries, and even Amazon.com purc...Read more →
Right now the U.S. economy is looking pretty good -- unemployment is down and stocks are up, but more Americans aren’t paying their credit card debts.
That’s according to a new study by Moody’s Investor service, who says over the last two financial quarters banks have...Read more →
At the 2017 Wired Business Conference, sponsored by Visa, there’s evidence that the way consumers pay for goods and services is about to undergo sweeping changes.
Visa’s innovation chief, Jim McCarthy, would like physical credit cards to disappear. The company is work...Read more →
Credit card issuers love sending direct mail to solicit new cardholders, so you might be used to seeing a lot of credit card offers in the mail. Some of these have special, limited time rates for new cardholders who transfer balances onto the new card. Others contain bala...Read more →
With the unemployment rate slowly, but steadily, declining and the workforce participation rate showing an increase, it may come as a surprise that credit card defaults are also experiencing a bit of an upswing. While the defaults are nowhere near the 9% to 10% rates whic...Read more →
If you've ever been shopping at a major retailer--particularly one that sells high cost items like furniture or appliances or even medical and dental services--you've likely been asked whether or not you want to open up a store credit card so that you can take advantage o...Read more →
Summer's just around the corner, so that means it's time to prepare for summer vacation. Whether you're staying close to home or traveling half way around the world, getting away from it all can be a great approach to resting and recharging--that is, until you get the bil...Read more →
Ah, your credit score. The key to everything from a home mortgage to low interest rates, and everything in between. Some employers are even known to run credit checks on potential employees before offering them a position. Your credit score has a huge impact on almost eve...Read more →
Today’s hottest new accessory isn’t a designer bag or expensive foreign watch, instead, it’s a small piece of metal consumers carry mostly out of sight. That is, until it’s time to pay the bill.
The metal credit card craze has swept the nation, but for once it’s not r...Read more →
Another day and yet another credit card data breach. This time hackers targeted Chipotle Mexican Grill at various locations throughout the U.S. (if you believe you might have been a victim of this crime, Chipotle provides information on the specific restaurants affected h...Read more →
There are many benefits to paying with a credit card. Sign up bonuses and cash back programs offer credit card customers powerful incentives to open new accounts, switch cards, or simply continue to use the cards they like the most.
Unfortunately for many card users, ...Read more →
Some people learn about credit cards and how to manage their spending at a very young age, but most people get their first exposure to swiping plastic on a regular basis after high school when they’re out in the world on their own for the first time. You’ve probably notic...Read more →
It’s true that credit scores make a massive impact on the financial lives of Americans. However, many people don’t understand what their credit score is and how it works.
The Federal Reserve Bank of New York reported that student loan, automobile, and mortgage balance...Read more →
In an effort to give marketers more information on their online ad campaigns, Google is announcing a new tracking service that monitors how much money consumers spend in a brick and mortar store after seeing an online ad.
For example, if a local restaurant buys ad ca...Read more →
Having good credit scores opens many doors. Through judicious use of credit cards, you can get the credit scores you need to get approved for a home or car loan, rent a nice apartment, and even get a job if the employer does credit checks. Yet, a surprising number of Amer...Read more →
Think back on your financial history over the past decade. You’ve probably grown a lot in recent years, picking up new habits and beliefs. It’s likely that you’ve begun prioritizing savings or budgeting more than you did before. Maybe you’ve even done some learning from m...Read more →
I remember being 12 or 13 years-old and having my dad drop my friends and me off at the mall. He would often hand me a bill from his wallet – usually $10, but sometimes $20 if he was feeling extra generous – and bid us goodbye for a few hours. We were incredibly happy per...Read more →
Rewards card users open their credit card accounts with the best intentions. They look forward to cashing in on points, gift cards, miles, and even cash back offers. While it’s a lofty goal, many users fall short of their goal to get the most out of their rewards card acc...Read more →
Hackers are always on the lookout for new ways to steal your identity. First, they swiped our credit card identities right from under our noses by hacking computer data or even physically scanning our cards through our wallets. Today, we have chip cards and pins for an ad...Read more →
The economy has improved, and credit card users are at their highest numbers since 2008, before the start of the Great Recession. Out of the 171 million Americans who use credit cards, approximately 16.33 million of them fall into the subprime category, and that’s the big...Read more →
Wherever there is data, there will be a hacker trying to access it. Every day we send 2.5 quintillion bytes of data to be stored on servers spread throughout the U.S. (and the world). Billions of devices are in perpetual connection to all-pervasive Internet we’ve come to ...Read more →
If you had to take a guess, how much would you say the average American holds in credit card debt? Would you guess $500? Maybe $3,000? Well, according to Experian’s latest study, we are actually carrying around much more: an impressive $5,551 in debt each.
The problem...Read more →
High-end bonuses and perks that come with many credit cards could be on the decline as credit card companies respond to both consumer demand for more easy to understand and accessible offers and rising debt levels in the upper middle class.
Getting an idea of the aver...Read more →
Chase set the credit card rewards world abuzz May 7 when it announced that existing owners of Sapphire, Sapphire Preferred, and Sapphire Reserve credit cards would receive 100,000 bonus points for taking out a mortgage with the company. Card users can redeem the points fo...Read more →
The number of credit card holders in the U.S. with at least one credit card has reached 171 million, the highest level since 2005. That’s according to the credit monitoring firm TransUnion.
"Overall, the credit market is performing well," Nidhi Verma, TransUnion's sen...Read more →
If you were paying attention last year, you probably heard at least something about Wells Fargo and their big scandal involving fake accounts. Even after their record-breaking fine, it seems that the massive bank isn’t done taking a beating.
What They Did
To rec...Read more →
First Chase wowed travel-focused consumers with its fancy Sapphire card. Then Amex added a Platinum card to its luxury line. Now U.S. Bank debuts its Altitude Reserve Visa Infinite card, a luxury travel rewards card that gives extra rewards for using mobile payments.
W...Read more →
Forty three percent of Millennials currently have subprime credit, which means their credit score is situated somewhere between 550 and 620. This is surprising considering the fact that, in the Digital Age, information about how to keep a solid credit rating is everywhere...Read more →
When you're trying to get a credit card or other types of loans, like mortgages and auto loans, banks have to decide not just if they're going to lend to you, they also have to decide how much interest to charge you. One of the tools they use to help make that decision is...Read more →
Technology makes it easy to use credit cards pretty much anywhere, but where there's technology, there's a way to hack into it.
You've likely heard of skimming, a way card thieves steal credit and debit card numbers from card reader terminals at places like ATMs and g...Read more →
If you’ve been in the personal finance realm for any period of time, you’ve probably heard one of the classic rules of credit cards: Don’t close those old accounts, or your credit score will drop! But is this really true, and are there times where it really is smarter to ...Read more →
It’s one of the most confusing and frequently pondered questions in personal finance, but untangling it could mean the difference between meeting financial goals or falling far short. Should you pay off credit cards or put money aside for emergencies?
The average Ameri...Read more →
Security and convenience top the list of reasons many consumers continue to look for ways to leave their credit cards at home. For this reason, mobile payment systems offer an attractive value proposition to credit card holders: Load every credit card you have into the sy...Read more →
Just when you thought you got the hang of this whole credit score thing, they’re changing the rules. The new changes to VantageScore, the alternative to FICO that’s often used when applying for credit cards, are based on increasingly-available trended data.
Forbes rep...Read more →
Applying for a new credit, an auto loan or a mortgage? You'd better hope that your credit score is good. This is a three-digit number that signifies what type of borrower you are, which is basically how well you manage money and debt and if you're likely to default on a l...Read more →
If you’ve been on the market for a rewards credit card that offers great cash back across the board, you’ve likely come across the Citi® Double Cash card. Without the hassle of revolving categories (it offers 2% on every purchase you make, period) and the expense of an an...Read more →
In the game of credit card industry vs. thieves, it seems as if the neck-and-neck race is never ending. As spending money gets easier with advanced technology, but it doesn’t necessarily get safer.
Almost half of Americans have been victimized by a credit card thieve...Read more →
One of the major benefits of credit card ownership today is access to lucrative points systems. But, a new study by Bankrate found that three out of 10 credit card holders (31%) have never even redeemed their rewards points.
Those points being left on the table can tra...Read more →
The news is peppered with accounts of hackers breaching company networks and stealing data. In fact, InterContinental Hotels Group (IHG), parent of Holiday Inn, is one of the latest companies under scrutiny for data breaches. The hotel company acknowledged in February tha...Read more →
A surge in luxury, travel credit card signups that brought on huge points rewards could be what drives summer travel to be more hectic this year.
Gerard du Toit, a Boston-based partner at the consulting firm Bain & Company, explained to Marketwatch that about half of p...Read more →
Making an informed decision about which credit cards are best for a specific situation could mean the difference between having a great experience and ending up in real financial trouble.
Sign up bonuses and cash back offers are enticing, and credit card companies des...Read more →
There are many credit cards out there, all offering a little something different to their consumers. You have cards that earn cash back or miles, rewarding cardholders for their spending habits. Some give 0% APR on purchases and/or balance transfers for a period of time,...Read more →
As a parent, you want your kids to have a leg up in this world, which is why you move to areas with good schools and encourage them to excel in sports and their other interests. It might be challenging to even think about your kids having credit reports and credit scores ...Read more →
Initially, it appeared to be a great idea in the Digital Age: a single, programmable card that would digitally store 20 credit or debit cards. Users would be able to switch between the different cards depending on which one they wanted to use. Indeed, Plastc was overwhelm...Read more →
For a while, a lot of people thought physical credit cards would become obsolete and that payment apps and smart devices would make it so that consumers never had to swipe their plastic in public again. So naturally, the metal credit card craze caught industry observers ...Read more →
Tax season is here. In fact, the deadline is quickly approaching. That means procrastinators, those dealing with confusing filings, and others who are avoiding the big bill are now looking this fateful day in the eye. But, there’s also the early filers who have already co...Read more →
So you have two debit cards, seven credit cards, and more rewards cards than you can count. Keeping track of all that plastic can be aggravating, especially if you try carrying them around with you all of the time. And then there’s traveling. If you’re a globetrotter usin...Read more →
New data from the Federal Reserve shows that consumers in the United States have combined credit card debt at a level that hasn't been seen since before the most recent recession.
The Federal Reserve tracks consumer debt on a monthly and quarterly basis. Revolving deb...Read more →
In the world of credit card scoring, many consumers aren’t aware that credit card lenders can utilize various credit scoring reports to determine your creditworthiness -- indeed, there are dozens of ways your score can be calculated.
While there isn’t exactly a “secre...Read more →
When you just want a little bit of information about your credit card, why would you bother calling customer service just to spend a lot time going through phone menus or sitting on hold--or worse, have to deal with a keypad that doesn't register or your card number, or h...Read more →
If you’ve thought about trying your hand at travel hacking – the process of utilizing credit card sign-up bonuses and mileage rewards to make your globe-hopping dreams come true – you’re in on one of the best credit card tricks around. However, there are a few things you ...Read more →
A new threat to people with chip cards called "shimming" is causing problems with the newest credit card technology designed to prevent theft and identity fraud.
EMV, or “chip” cards are common, now. This new technology is supposed to keep us safe from the unpleasant s...Read more →
Financial institutions specialize in getting you excited about rewards so you’ll sign up for their credit cards. You usually can claim the rewards based on how much money you spend on the cards and where, and they can add up to some pretty amazing deals, especially if you...Read more →
A year after launching its first credit card for international students in the United States, SelfScore is releasing their Achieve Mastercard to further help students from abroad build up much-needed credit scores for life in America.
The SelfScore Achieve Mastercard i...Read more →
It’s likely that credit card interest rates will rise throughout 2017 as the Fed hikes rates, as promised. Now, more than ever, it’s important to concentrate on paying down, or even paying off credit card debt. Not only will paying down those lingering debts save you from...Read more →
The Supreme Court released a decision on a case surrounding First Amendment rights around how retailers can talk about credit card surcharges and cash discounts. The Court also rejected two other appeals, ending the opportunity for more credit card cases to be heard at th...Read more →
For a majority of Americans, spending extra cash on various credit card fees and surcharges is a pain point they prefer to avoid. Since the bottom line of many businesses is also largely impacted by the banking industry, additional fees place merchants in a precarious pos...Read more →
If you’ve ever opened a credit card, bought a home, or even signed up for high speed internet, you’ve had your credit checked. In order to determine your creditworthiness, lenders will often turn to one of the three credit bureaus -- TransUnion, Equifax, or Experian – for...Read more →
The hassle of paying bills never goes away no matter how much or how little money you earn. If you prefer or need to use your credit card rather than cash to pay bills, you’re stuck when certain businesses, such as those to which you pay rent, car payments, property taxes...Read more →
While many credit cards offer annual breakouts of how you spend money on your credit card, some people find it useful to have cards for specific spending purposes. For car enthusiasts who spend money fixing up their cars or even car owners who have aging cars that they're...Read more →
One of the biggest changes to credit reports for US consumers is scheduled for July 1, 2017. The bureaus will stop reporting some types of judgments and tax liens. As a result, many Americans' FICO scores will go up.
The National Consumer Assistance Plan (NCAP) enacted...Read more →
The Fed has increased interest rates only three times since the financial crisis of 2007-2008: the most recent coming in March of 2017. While this may signal a perceived boost in the U.S. economy, interest rate hikes – even as minuscule as a quarter of a point – cause a c...Read more →
Most of us know whether our credit cards give us cash back or points or miles when we make purchases, but do you know all of the other benefits your credit card may give you, such as car rental insurance, extended warranties and trip cancellation protection?
A new app...Read more →
Have complaints--or kudos--about how well your credit cards actually work for you? The Consumer Financial Protection Bureau (CFPB) wants to hear from you to help it compile its latest credit card review.
The CFPB, the government agency that looks out for consumers' int...Read more →
Will credits for Uber rides be a tempting enough reward for consumers to sign up for a new credit card? American Express hopes so. The credit card has recently announced it's updating the rewards--and fees--associated with it Platinum Card.
Beginning March 30, America...Read more →
As the old saying goes, it takes money to make money. In personal finance, sometimes you need to borrow money in order to make an investment that can reap a larger reward. This can be having the ability to buy a computer that can help you further your education or get cer...Read more →
In the cult classic "Austin Powers: International Man of Mystery," the villain Dr. Evil learns a thing or two about the changing value of money. When he demands a ransom of one million dollars, his Number 2 quietly informs him that that's not that much money in today's do...Read more →
Not quite two years after it shipped its first batch of product, Coin, the technology company that made a big splash by providing a credit card consolidation tool to make your wallet slimmer, is calling it quits.
Coin launched in November 2013, and after months of dela...Read more →
Valentine's Day is just around the corner, and whether you'd like to get a gift for that special someone in your life, celebrate the love of friendship or treat yourself, that means you're opening your wallet. According to Bing, last year people spent a record $19.7 billi...Read more →
A stronger economy means more consumer confidence, and the American Bankers Association's latest Credit Card Market Monitor report reflects this concept, as it found that more consumers are interested in having and using plastic as a form of payment.
Last August, we h...Read more →
Identity theft can be completely ruinous. Thieves who get your information can open credit cards and mortgages in your name. In some cases, they drain your bank account or charge their medical bills to you. The consequences can be dire in terms of suddenly thinking you're...Read more →
Membership often has its rewards, and Amazon hopes that its new Visa card will entice people to sign up for its Amazon Prime service. Now members of Amazon Prime can now apply for a new Amazon Visa card that's just for them--and offers rewards of its own.
This week, Am...Read more →
It wasn't a happy new year for TransUnion and Experian, as these two credit reporting agencies entered into a settlement with the Consumer Financial Protection Bureau (CFPB) for deceptive information about and marketing of credit scores and credit-related products. The tw...Read more →
Will 2017 be the year you finally pay off your credit card debt? Or maybe make a sizeable dent in it? Don't worry--you're not alone. According to the Federal Reserve Bank of New York, American households are carrying a total of $747 billion in credit card debt, which mean...Read more →
For many people, shopping online takes the hassle out of going to the store. There's no traffic, no crowds, no lines--you can sit at home in your pajamas and shop in comfort.
However, as more people shop online and credit card technology improves, credit card thieves ...Read more →
Last week, the Federal Reserve raised interest rates. As usual, this announcement caused a lot of fuss in the financial world, because whenever the Fed makes a move like this, it's big news because it affects a lot of things within the national economy, including the inte...Read more →
A few weeks ago, this space ran an article about a data breach at Madison Square Garden that may have affected credit card holders whose cards only have magnetic stripes. If these cards had had EMV chips, the likelihood of their card information being stolen and potential...Read more →
One way to avoid getting snowed under by a mound of credit card debt is to make sure you pay off your balance in full every month. Another--and very popular--way is to use a debit card. While using a debit card helps you spend only what they earn, there are some drawbacks...Read more →
This month, Madison Square Garden announced that it has been the victim of a long security breach that has put its in-venue customers at risk for having their identities stolen.
The breach is suspected to have lasted almost a year, from November 9, 2015 to October 24,...Read more →
Before you can get your Thanksgiving turkey on the table, your mailbox and inbox are filled with holiday shopping catalogs and offers. Whether you've already crossed everyone off your list or you're waiting to shop until it's actually Black Friday, you should be thinking ...Read more →
Since 2010, American Express has encouraged consumers to spend at least one day a year shopping at small businesses in their area. Small Business Saturday, as it's known, takes place on the Saturday after Thanksgiving--or in shopping parlance, the day after Black Friday, ...Read more →
It's been a rough couple of months for the leadership at Wells Fargo, ever since the scandal broke that some of the company's employees had been opening different types of accounts--including credit card accounts--for customers without their permission. This issue with We...Read more →
When you're mired in credit card debt that stems from outstanding balances on multiple cards, the mailer with low-rate debt consolidation checks from your credit card issuer might be the saving grace that helps you get out of debt--or are they?
Credit card issuers that...Read more →
Identity theft protection company LifeLock has just released a mobile app that can help consumers manage all of their credit card accounts in one place.
Called Identity, the company bills it as a "personal assistant" to help you manage your online accounts through your...Read more →
Want credit without the credit card debt? Online shopping with Affirm, an alternative credit product can make that possible.
Affirm is a fintech company that's been around for a little over two years. Founded by PayPal co-founder Max Levchin, it's designed to allow con...Read more →
Debit cards are a popular payment option because they allow people to manage their finances and budget within their means. Credit cards are popular because they can help consumers buy big-ticket items, and many of them come with rewards programs. Although banks may offer ...Read more →
Green Dot Corporation, better known for its prepaid debit cards, has launched a Visa secured credit card that's designed to help consumers who have little to no credit history, or who have low credit scores, the opportunity to build their credit while having the benefits ...Read more →
American Express scored a big victory this week, as it won an appeal around whether merchants can guide customers into using other types of credit cards.
The case first started in 2010 when the U.S. Justice Department and 17 states sued American Express, Visa and Mast...Read more →
The next time you open your mailbox and pull out a fistful of credit card offers, try a little experiment: Did you get the same exact offers as your neighbors? As other members of your household?
By "exact offers," I don't mean that you and your spouse both got offers...Read more →
One of the reasons financial experts recommend checking your credit report regularly is to make sure that nothing unusual, suspicious or false is on it. Sadly, this advice rings true, as the Consumer Financial Protection Bureau (CFPB) is fining Wells Fargo for doing just ...Read more →
When you have fine tastes and an income to match, it's likely that you'll want a luxury credit card for your handcrafted Italian leather wallet. Several luxury cards exist, but Chase Card Services has just launched another card to tempt consumers who are willing to pay $4...Read more →
This summer, American Express has announced several special offers for its cardholders. The company is celebrating the 25th anniversary of its Membership Rewards program; it's partnered with online warehouse retailer Boxed; and it's offering special travel rewards for new...Read more →
For the third year in a row, J.D. Power has named Discover as the best in credit card customer satisfaction, narrowly beating out former stalwart American Express.
"This recognition by J.D. Power for the third consecutive year inspires us because it comes from our card...Read more →
While all eyes are on Rio de Janeiro this August to watch the best athletes in the world compete at the Olympic Games, Visa is also debuting some new payment technologies to showcase what the credit card company has on tap in terms of wearable payments.
Visa is a TOP (...Read more →
Although the country's economic growth has been weak, the credit card market has seen healthy growth in the first quarter of the year, according to a new report released by the American Bankers Association this month, and signs point to consumer spending and a better labo...Read more →
The Federal Trade Commission (FTC) recently announced that victims of an illegal credit card billing scam from the 1990s could be getting part of the settlement monies due to them, as the commission's claim administrator has started to send out the third round of redress ...Read more →
Card fraud is a very real thing. Even with EMV chips--which are supposed to help decrease the incidence of credit card fraud--stealing individuals' card data, whether it's credit, debit or prepaid cards, is still rampant around the world.
Card Fraud victimizes about o...Read more →
Credit card partnerships, such as an L.L. Bean Visa card or a Delta Airlines American Express card are an important part of the credit card market. According to Packaged Facts, co-branded partnerships make up a full 43 percent of the credit card market today.
When par...Read more →
Over the last few months, several retailers have opted to create their own credit cards. These store cards, also called retail or private label credit cards, are options that can only be used at one particular store. These cards can also be incorporated with store loyalty...Read more →
Millennials have become the darlings of marketers, now making up the largest population group in the country. Because it's so large and is now in prime spending years, this generation will also affect the economy with how Millennials spend their money.
FICO recently re...Read more →
Ally Bank, an Internet-only banking institution, has launched its first credit card, a cash back rewards Visa card.
Cardholders can earn cash back on all eligible purchases they make with the card. Gas and grocery purchases earn two percent cash back. All other purchas...Read more →
A Florida bank has become the first bank in the United States to issue a credit card that will work in Cuba. Stonegate Bank, headquartered in Pompano Beach, has announced its new MasterCard that will allow American travelers to use a credit card in Cuba.
This is a big ...Read more →
In May, Fitbit announced that it's acquiring the wearable payment assets of Coin, the digital credit card consolidation product.
Coin made a big splash in 2013 with its digital card consolidator that allowed users to keep information for multiple credit cards on one de...Read more →
While traditional credit card companies are slowly converting to new chip technology and mobile wallets like Android Pay and Apple Pay are slowly gaining traction at retailers, digital card consolidation products are still popping up to help you manage the physical clutte...Read more →
Discover, who was one of the first credit card companies to offer free credit scores to its cardholders, is now offering that service to all U.S. consumers, regardless of whether they have a Discover card.
"Credit scores play an important role in many of life's big mo...Read more →
Senator Dick Durbin from Illinois is a name associated with the financial services industry due to the Durbin Amendment, which was an add-on to the 2010 Dodd-Frank legislation to institute financial reform in America. Durbin's amendment limited the amount banks could char...Read more →
MasterCard has tapped into the popularity of comic book heroes by teaming with Synchrony Financial and Marvel Partnerships to offer its take on the trend: a Marvel MasterCard credit card that offers cashback rewards and Marvel-related cardholder benefits.
"The Marvel M...Read more →
When consumers aren't afraid to spend and the job market is good, credit card usage tends to rise. The American Bankers Association found that that's the case in a steady year-over-year increase during the fourth quarter of 2015, as the association reports in its latest C...Read more →
The conversion from magnetic stripe credit cards to the more secure EMV chip has been a long, complicated journey in terms of not just replacing consumers' credit cards, but also making sure that merchants have the terminals that have the ability to accept chip cards.
...Read more →
Getting a college education usually carries some assumptions about levels of knowledge and ability that college students might have. However, assumptions might not always be accurate.
LendEDU, a marketplace where students can shop for loans and refinance existing loan...Read more →
Over the last several years, the federal government has tightened the noose on credit card issuers, in hopes of making credit cards more fair and easier to understand. Although the Fed 2008 credit card rules, the CARD Act of 2009 and the Consumer Financial Protection Bure...Read more →
Earlier this month, Walmart, the world's largest retailer, announced it's changing the rewards on its Walmart Credit Card and Walmart MoneyCard credit card program, in what seems to be an effort to compete with other retailer card programs, particularly the new Costco Vis...Read more →
Moving to the US to study can be daunting for international students, but a new company intends to make one aspect of the cultural shock a little easier: the ability to get a credit card.
Traditionally, international students living in the United States haven't been ab...Read more →
Earlier this year, Corporate Insight, a New York-based competitive intelligence and user experience research firm, released its fourteenth annual Credit Card Monitor Awards. These awards rate different banks in terms of their online and mobile car tools in a variety of ar...Read more →
Being rewarded for using a credit card is a must for many American consumers--last year the American Bankers Association noted that a full 83 percent of credit card users have rewards-based credit cards, showing just how much cardholders like to be rewarded for spending m...Read more →
This week is National Consumer Protection Week, an annual campaign that's designed to highlight financial topics, inform consumers about their rights and promote tools that help people make better-informed decisions.
Sponsored by the Federal Trade Commission, the even...Read more →
New chip technology? That's old news. If you're looking for the latest and greatest in state of the art credit cards, look no further than the new Luxury Card. Developed by MasterCard, this new portfolio of luxury credit cards, you can now hold a card that's designed to g...Read more →
Consumers who were Citibank credit card holders and had their accounts sent to debt collection might see a little relief, thanks to two Consumer Financial Protection Bureau (CFPB) actions released today.
The CFPB took two separate actions against Citibank with regards ...Read more →
Just in time for the Daytona 500, NASCAR has announced a multi-year partnership with Credit One Bank to issue NASCAR-branded credit cards and have the designation "Official Credit Card of NASCAR." Additionally, Credit One has also will partnered with Chip Ganassi Racing ...Read more →
Do love and money mix? Or should they mix? This year, as couples look forward to Valentine's Day, new survey results suggest that couples prefer fun as opposed to talking about money--an attitude that could cause big surprises as things get serious.
This year, Discover...Read more →
Credit scores are funny things. A three-digit number that can change at any given point in time can be the one thing that holds you back from getting a better car, a better home and perhaps a better life. Unfortunately, a new survey by Chase Slate found that many American...Read more →
If you need to build credit, it can be difficult to get a credit card company that's willing to take a chance on you. Likewise, if your credit's been destroyed, it can be really hard to get a credit card again in order to start rebuilding your credit history. Without a cr...Read more →
New Jersey-based TD Bank has added another credit card to its card portfolio, now offering a cash rewards option to consumers, with a bonus for those who dine out often.
While TD Bank's other credit cards offer miles or Ameritrade rewards, this card focuses on cash as ...Read more →
If your wallet can hold more plastic, you've got more credit card options, as retailer Wawa has launched a new private label store credit card and Wells Fargo has added another American Express option to its line of American Express Propel cards. Or if you prefer to pay d...Read more →
Last year, American Express lost some long-time partners as both Costco and JetBlue left their co-branded partnerships with the credit card for other brands. Now Fidelity Investments is ending its 12-year partnership with Amex and moving over to Visa.
Fidelity's announ...Read more →
Last week we started looking at the Consumer Financial Protection Bureau's (CFPB) biennial report on consumer credit cards and the gains that consumers have made since the CARD Act was signed into law, including saving billions of dollars on over-limit and late fees.
T...Read more →
When the CARD Act was passed in 2009, it hoped to reform the credit card market by making sure credit card issuers used fair practices that were clearly outlined to their customers. The law also planned on holding companies accountable for unfair practices, and this month...Read more →
Every week it seems like there's another product hitting the market that will allow you to use your credit card--without actually using your credit card. The Apple Pay, Android Pay, Coin, Samsung Pay, the Apple Watch, other wearables that double as payment devices…the lis...Read more →
Ten years ago, most of us never thought we'd be so connected to our phones, let alone be able to do so many things with them. Now we're entering a phase of emerging technology that will introduce many of us to the concept of wearables, clothing or devices that incorporate...Read more →
With Thanksgiving deals, Black Friday and Cyber Monday kicking off the holiday shopping season, it's not just prime time for using your credit card to spend money, it's also prime time for hackers to steal credit card data. Nobody wants the gift of identity theft this hol...Read more →
It's the government agency that's watching out for your financial interests. The Consumer Financial Protection Bureau's (CFPB) job is to make sure American consumers are getting a fair deal when it comes to financial products.
One of the ways the agency stays on top o...Read more →
With mobile payments being touted as the next great way to use your credit card, this week I decided to jump on the mobile payments bandwagon and see what life would be like paying with my phone.
Even though I could have used Google Wallet when I got my Android phone,...Read more →
Rewards are a popular feature with credit card holders, which means credit card issuers try to make sure they're on top of the latest trends in rewards that maximize value for their cardholders. This month, Navy Federal Credit Union (Navy FCU) upgraded its rewards program...Read more →
This November, Chase Card Services' Marriott and United co-branded credit cards are working together to offer double rewards through Chase's "Double Stay, Double Go" promotion.
Chase says this is the first time it's offering this type of reciprocity between these two c...Read more →
If you're buying something at a store and want to pay with credit, you're probably already quite used to pulling out a plastic credit card. MasterCard announced this week that it is launching a program to expand the types of objects consumers can use to pay with MasterCar...Read more →
This fall, one of the big milestones for implementing EMV chip card technology passed with a lot of fanfare, but not a ton of implementation. Merchants have been slow to upgrade their terminals, and card issuers have been slow to send out chip cards. Now an FBI Public Ser...Read more →
When you got your last credit card, did you also sign away some of your rights? You may have, without even realizing it. Some credit card companies bury language within the fine print of their card agreements that doesn't allow cardholders to band together in class action...Read more →
Personal finance experts advise getting copies of your credit report annually to make sure that it's accurate. You want to make sure that everything on your credit report is attached to you and not someone trying to steal your identity or that the credit bureaus haven't a...Read more →
When you flip the calendar page to October this week, listen closely--you might hear those ominous, "BA BUM BAAAA" tones. Well, maybe you won't, but in the credit card industry, October 1 is a fairly ominous day, as it's one of the major deadlines in the road to transitio...Read more →
We're heading into cold and flu season in the United States, which means that a lot of people take precautions to protect themselves from getting sick: Getting a flu shot, making sure not to touch people who are coughing, washing hands more often, being careful about what...Read more →
While the U.S. continues its shift from very outdated magnetic stripe technology to EMV technology, payments companies are already trialing what could be the next thing in payments: biometrics.
Both Visa and MasterCard are testing the waters with adding biometric eleme...Read more →
For years experts have touted mobile payments as the wave of the future, but they were a fraction of the types of payments consumers made. Now with Apple Pay, Samsung Pay, Android Pay and Google Wallet, we may now be hitting the tipping point for mobile payments being the...Read more →
Coin, one of the many credit card consolidation devices on the market, has recently released Coin 2.0, which incorporates NFC technology and is EMV-Ready. This allows users to add EMV cards to their Coin and make contactless payments with it.
The Coin device touts the ...Read more →
Discover has finally toppled American Express off the top of J.D. Power's annual U.S. Credit Card Satisfaction Study this year, making 2015 the first year Amex has not been the national leader in this prestigious survey.
2015 marks the ninth edition of J.D. Power's sur...Read more →
A little less than a year before the next installment in the Star Trek movie reboot series is released, NASA Federal Credit Union (NASA FCU) has launched a set of Star Trek Visa-branded rewards credit cards.
The cards come courtesy of a licensing agreement with CBS Co...Read more →
Now that summer is in full swing, many of the major credit card brands are pulling out the stops on special offers and deals to help their cardholders enjoy the summer even more. Here's a quick look at some of the programs they have on tap.
Discover Extends Double Cas...Read more →
If you want to think about the evolution of payments, just think about what a cashier would ask you in the checkout line. If you remember far back enough, you'd be asked, "Cash or check?" That gave way to, "Cash, check or charge?" which then turned into "Cash or credit?" ...Read more →
If Visa is everywhere you want to be and MasterCard offers priceless experiences around the globe, what does Discover, the third largest credit card network in the world offer? Now with a new deal, it will offer more acceptance worldwide for its Diners Club and Discover b...Read more →
The Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of the Currency (OCC) have once again fined a major bank millions of dollars for unfair practices. This time, JP Morgan Chase is under the microscope for illegal debt collections practices.
T...Read more →
Using your credit cards as a way to float money until you can pay off the bill is a pretty standard practice, but a new study from Allianz Life Insurance Company of North America found that nearly half of Generation X is beginning to think that having credit card debt is ...Read more →
For many people, the summer months mean it's time to tap into that bank of vacation days and spend some time relaxing in the warm weather. With the cost of travel a lot lower this year, the possibilities of hitting the road for a little R&R seem more feasible than ever be...Read more →
Could it one day be legally possible to have basic credit card debt forgiven? If Rep. Scott Peters had the choice, the answer would be yes. Early last month, the congressman from the San Diego area introduced the Consumer Debt Forgiveness Tax Relief Act of 2015, which if ...Read more →
"We are Farmers! Ba ba ba dum bump bum bum bum!" If you've heard Farmers' jingle before, you know how it goes and just how much of an earworm it can be. Farmers wants that though, and now they want you to hear it every time you open your wallet, as the company is launchin...Read more →
TransUnion, one of the major credit reporting bureaus, has found that in the last year, consumer credit card debt and delinquency rates have stayed the same even though the number of new credit card accounts has increased.
In its recently published Industry Insights Re...Read more →
Several credit card issuers have launched new cards or special bonus offers for their existing cards, tempting consumers to add more credit to their wallets or earn larger rewards during the prime summer months.
TD Bank and TD Ameritrade have launched a new high reward...Read more →
Does your heart sink whenever you get your credit card bill? Do you feel a sense of dread when you look at your outstanding balance and wonder how--or when--you'll pay it off? Does having multiple credit cards that are maxed out or have balances close to their limits give...Read more →
Cash back rewards are one of the most popular types of credit card rewards, and Discover is upping the ante with a special summer two-month promotion tied to its Discover It card that offers double cash back rewards after the first year of holding the card.
This two-mo...Read more →
Last year we wrote about the Magnises card, an uber-exclusive black steel card for the New York City market. The Magnises card isn't a different credit card because it uses the data from one of your existing credit or debit cards, but the new card offers perks like access...Read more →
As I write this week's article, I'm on my way home from Australia, where I've been for the past twelve days. While I was gone, I tended to joke that I was living in the future because I was 14 hours ahead of everyone at home, but when it came to buying anything and paying...Read more →
After about two years and many delays, universal credit card Coin has started shipping its product to the nearly 350,000 early adopters who jumped at the opportunity to fund Coin's crowdfunding campaign to support the product.
Coin made a big splash when it launched--t...Read more →
American Express has teamed up with Plenti, a loyalty coalition, to offer a new cobranded credit card that allows cardholders to earn Plenti rewards points. Members of the Plenti rewards program can use these points at a variety of retailers around the U.S.
The America...Read more →
Floridian Emily Sacharow was visiting Seattle when suddenly she couldn't find her credit card. "I thought I left it in the airport in Seattle and I panicked especially because I was traveling, so I went to the nearest Bank of America. They cancelled the card right away an...Read more →
April 15 can put fear into a lot of people, as that's the day that taxes are due. If you're one of the lucky ones who get a refund, the only thing you need to worry about is making sure your tax return is filed on time. If you owe the IRS money, it's not a particularly gr...Read more →
One of the objectives of the Consumer Financial Protection Bureau (CFPB) is to make sure that financial service products work for Americans, and when they don't, the CFPB wants to hear about it.
To that end, since July 2011 they've logged over a half million consumer ...Read more →
The CVV code may be better known as "that three-digit number on the back of your credit card." CVV stands for Card Verification Value, and this system, which is either a three-digit number on the back of your card, or, in the case of American Express, a four-digit number ...Read more →
A rewards card can be a credit card holder's secret weapon in getting ahead, when you can make the rewards work for you. Maybe you're trying to build up points to buy big-ticket items on the cheap. Maybe you're collecting miles to take a big trip and fly first class. Or m...Read more →
Mobile payments have been "the next big thing" for many years, but actually getting Americans to use their phones as a payment device has been a different story. Apple Pay made a big splash last fall when it was introduced in Apple's new iPhone 6 as a way to load credit c...Read more →
If you like to go places, chances are you might have some sort of travel rewards card in your wallet. Whether you're saving up airline miles on your favorite airline or points to get rooms at your favorite hotel, travel rewards can be a big reward for doing everyday shopp...Read more →
Perhaps you're celebrating National Consumer Protection Week (NCPW) with a big slice of cake or making a special NCPW sandwich, but hopefully you're also learning about different ways to protect yourself financially. For credit cards, one of the best ways to protect yours...Read more →
Did you know that as a consumer you have rights when it comes to a lot of products you interact with? If you didn't, then next week is your week to learn. March 1-7 has been designated National Consumer Protection Week, a national effort to educate people about the rights...Read more →
Data breaches and stolen credit cards are a couple of the ways people experience identity theft, and keeping personal information private is a key part of securing them. However, our personal information isn't the only thing that can identify us, according to a study by r...Read more →
Even long relationships can go sour. After a 16-year partnership, Costco has decided to call it quits with American Express, its exclusive credit card provider.
Costco only accepts American Express cards at its warehouse stores, and the two companies teamed up on a co...Read more →
Last year--and yes, it was only just over a month ago--didn't it seem like every week there was yet another report of a data breach or a store or company that had its information hacked? That's probably because there was. The Identity Theft Resource Center (ITRC) found th...Read more →
Modernization has changed the effect that humans have had on the earth, and the increase in greenhouse gases in Earth's atmosphere mainly due to burning gasoline and other fossil fuels for energy, deforestation, industrial production, and other practices have led to an in...Read more →
MasterCard is continuing its Priceless promotional program, and this year's it's teamed up with entertainer Gwen Stefani to bring surprise into MasterCard users lives.
This year the program is called Priceless Surprises, and instead of previous iterations of the progra...Read more →
The term "smart wallet" usually infers technology that stores one or more credit cards on your smart phone so you can use your phone to pay for things. But what if you don't have a smart phone? Does that mean that technology is off limits to you?
NXT-ID doesn't think ...Read more →
Rewards are nice, which is a big reason why rewards credit cards are so popular. However, being able to redeem those rewards easily is also a key to whether or not you'll use the card often--or often enough to make the rewards worthwhile.
Now Wells Fargo has simplifie...Read more →
The Consumer Finance Protection Bureau (CFPB) has released its annual report on marketing credit cards at colleges and universities, and it shows that the number of credit card agreements between schools and financial institutions continues to decline. However, the inform...Read more →
Citi's turning up the pressure on the competition with its latest cash back card, offering cash back not just at the time of purchase, but also when you pay it off.
Citi's new Double Cash Card gives one percent cash back on all eligible transactions--what you spend on ...Read more →
Today's credit card news is full of stories about the migration from magnetic stripe technology to EMV chip technology, and how that will make credit cards less susceptible to fraud. That's very true--a Federal Reserve Bank of Atlanta Working Paper noted that when credit ...Read more →
Dynamics, Inc., a Pittsburgh-based intelligent payment device and payment platform provider has secured $70 million in funding and finalized partnerships with MasterCard and Canadian Imperial Bank of Commerce (CIBC) for its next-generation interactive payment card.
Wh...Read more →
The holiday shopping season is underway as retailers have been touting Black Friday and Cyber Monday deals for weeks in an effort to lure customers to their stores or websites. In years past, shoppers paid with cash. As credit cards became more proliferate, they became th...Read more →
Just in time for the holiday shopping season, Discover has made some changes to its Cashback Bonus rewards program, launched a new shopping site and has new Cashback bonus categories for the last quarter of the year.
First, the company has revamped how cardmembers can ...Read more →
Credit card late fees can feel like a slap in the face. Not only are these fees expensive, but cardholders who happen to pay late will also incur more interest charges and may even have a higher penalty interest rate imposed.
Thankfully, there are many strategies that ...Read more →
Recently, California became the first state to prohibit plastic shopping bags from being distributed for free, ending the question of "paper or plastic" for tens of millions of shoppers. Yet Californians can still expect to hear this familiar question when they try to che...Read more →
Authenticating payments has been a big issue in combatting credit card fraud. Having a credit card in hand and perhaps even showing a photo ID doesn't necessarily mean that the person whose in possession of the card is the owner of the card. As the future trends toward mo...Read more →
Americans are very frustrated with airline credit cards, and who can blame them? The airlines continue to raise the number of miles needed to earn an award, and the awards offered at the lowest mileage levels have become vanishingly scarce. But at the same time, credit ca...Read more →
It has become a tradition for the public to be enthralled by Apple's product releases each year, and 2014 was no exception. This year, Apple went beyond mere consumer electronics and chose to dabble in a retail payment system it calls Apple Pay.
Apple Pay allows shoppe...Read more →
As the weather turns nasty this winter, travelers will often find themselves trapped in monotonous airport concourses, waiting for flight out. And even in the best of circumstances, travelers need an oasis from the crowded food courts and overpriced shops that litter toda...Read more →
The law requires that consumers receive a free copy of their credit report every year, but that is not the same thing as a credit score. Consumer credit bureaus produce credit scores so that businesses can determine someone's credit worthiness from a simple number, rather...Read more →
In October, President Obama signed an Executive Order to launch a new initiative designed to secure consumers' transactions and personal data. The BuySecure initiative aims to give consumers more ways to fight identity theft, and it encourages companies and the financial ...Read more →
One of the biggest advantages of using a credit card when traveling is the rental car insurance offered by most cards. These policies are actually collision damage waivers that allow cardholders some benefit if their rental car is stolen or involved in an accident. Using ...Read more →
Headlines were made recently when President Obama disclosed that his own credit card was rejected at a New York City restaurant last September. At the time, the President speculated that it was due to a false fraud alert being triggered on a credit card that he didn't use...Read more →
We're continuing our series on consolidated credit cards. These are cards that you can load most, if not all of the cards in your wallet onto in order to make your wallet a little slimmer, provide ease of payment and make it more difficult for thieves to steal one of your...Read more →
In the payment industry, there is nothing hotter than the trend towards prepaid debit cards. Major companies issue them, the Millennial generation uses them, and celebrities endorse them, but how do their features and benefits stack up against standard credit cards?
Th...Read more →
Navigating our modern travel system is all about managing the indignities you must face. Will you have to arrive two hours early to wait in a line to check your bags, go through security, and board the plane? Will you be asked to pay fees for your bags, for a better seat,...Read more →
We're continuing our series on credit card consolidators, but the subject of this week's article might be considered just the opposite. Many of the card consolidation products on or coming to the market promote the idea of putting all of your cards onto one device in orde...Read more →
When you think about it, credit cards are a beautiful system. Cardholders are assured a secure and convenient transaction, and merchants don't have to worry about their customer's credit. And when customers use a card with no annual fee, and pay each month's statement bal...Read more →
Who needs a fat wallet full of credit cards? That's been one of the mantras for many companies over the last few years, as card consolidators and digital wallets keep popping up on the scene. This blog has already looked at Coin and Apple Pay and over the next few weeks, ...Read more →
Diners Club is one of the oldest names in the credit card business, having offered the world's first multipurpose charge card in 1950. Nevertheless, it has not offered its card to new applicants in the United States over the last five years as the brand has changed owners...Read more →
Three of the most popular cash back reward credit cards have nearly the same terms. The Chase Freedom, Discover it, and Citi Dividend Platinum Select all feature 5% cash back for spending on featured retailers and categories of merchants that change each quarter. 1% cash ...Read more →
Credit card issuers love to tout the rewards and benefits offered by their cards. Some cards offer valuable points, miles, or cash back rewards, while others feature perks with specific retailers or travel providers. But there is a lesser known set of benefits that is not...Read more →
The recent string of data breaches at Target, Home Depot, and other stores has turned credit card security into a front page news story. While much of this coverage has left credit card users concerned, it has also increased their awareness of the next generation of credi...Read more →
Those who are not carrying a balance on their credit cards can think of them as financial instruments to be optimized. Just like investments, credit card users can hold a portfolio of credit cards that each serve a different purpose in order to maximize their returns.
...Read more →
The hit comedy and variety show "Saturday Night Live" turns 40 this year, and thanks to a licensing deal between MasterCard and Columbus, Ohio-based Comenity Bank, you can now own an SNL credit card that can earn exclusive rewards based on the show.
Cardholders earn on...Read more →
Jimmy John’s Restaurants, a popular chain of sandwich shops, became the latest retailer to announce that it had suffered a breach of its customer's credit card data. According to a statement released on September 24, 2014, "It appears that customers’ credit and debit card...Read more →
Last November we brought you the story of Coin, a revolutionary new credit card product that would allow users to cut down on the number of credit cards they had to carry around with them by consolidating them on this device. Coin announced its product with much fanfare, ...Read more →
Many corporations want to be number one, and that typically means being the largest or having the most. However, no company wants to be known for having the largest breach of credit card information. Yet Home Depot recently became known for just that, as it announced this...Read more →
Last week Apple announced the release of the iPhone 6, the iPhone 6S Plus and the Apple Watch. Since this isn't a mobile phone blog, we normally wouldn't be interested in that sort of release, but these three products use a new feature called Apple Pay, which allows iPhon...Read more →
When you're carrying a balance on a credit card, getting a low rate balance transfer offer--or even a zero percent offer--could be a blessing in the form of potentially hundreds of dollars saved, or it could be a curse in the form of unanticipated interest charges you nev...Read more →
For the eighth year in a row, American Express and Discover prove that they are tops in making sure their customers are satisfied. According to J.D. Power, a market research company known for its annual rankings of customer satisfaction, the two tied for the highest ranki...Read more →
Most Americans who have credit cards know that part of the privilege of being allowed to carry a credit card is that you agree to pay off the money you charge on it. Not doing so can get you into a world of trouble, including the potential for needing to declare bankruptc...Read more →
Although Amazon is ubiquitous with online shopping, the online retailer has decided to jump into the mobile card reader space to compete with Square and PayPal. It's recently launched Amazon Local Register, a card reader and mobile app geared toward small businesses.
M...Read more →
In June the restaurant chain P.F. Chang's experienced a data breach, which is just another notice of data hacking that's stacked on the pile along with Michael's, Neiman Marcus and Target, among others. In fact, "This Week in Data Breaches" could be a regular news feature...Read more →
The Millennial generation is graduating from college, entering the workforce and taking on the responsibilities of adulthood. But what is it like for this generation to have credit cards?
Data from Experian's State of Credit report shows that Millennials have fewer ba...Read more →
The recession and housing crisis of the last several years is still having an effect on millions of Americans, according to a new survey published by Urban Institute that found that over one-third of adults with credit files have a debt in collections. The areas of the co...Read more →
It's not quite like Paul Revere's ride through Massachusetts warning the Colonists the British were coming, but one can almost hear similar cries of "EMV chip cards are coming!" They may be coming, but what do American consumers think about this change? Are we ready for i...Read more →
Last month Visa rebranded and relauched its V.me eCommerce payment service. Now called Visa Checkout, the service still intends to simplify and make shopping online through any type of computing device as simple as it is to swipe a physical credit card at a store, while m...Read more →
Perks. Access. Special events. Many credit card companies have VIP cards that invoke exclusivity. The Visa Black Card is made of stainless steel, has a $495 annual fee and promises VIP treatment at hotels and airport lounges, luxury gifts and more. Not to be outdone, Amer...Read more →
This week, an antitrust trial between American Express and the U.S. Department of Justice began. While the trial concerns the processing fee merchants pay to the credit card company, the final decision could affect consumers' wallets.
The Justice Department and sevente...Read more →
Last week, the U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) announced they have settled the largest credit card discrimination in the federal government's history. GE Capital Retail Bank has agreed to pay a total of $225 million to ...Read more →
In an effort to help its customers find unnoticed or potentially unwanted charges, Capital One is testing a new type of fraud detection service called Second Look. This service looks at a cardholder's purchases and flags charges that can easily be overlooked, such as pote...Read more →
Sam's Club, the warehouse club division of Wal-Mart, has announced that it will introduce a new store credit card that will feature cash back rewards and EMV chip-enabled technology.
The announcement signals the end of Sam's Club's current credit card program, which is...Read more →
The news this year has been full of credit card breaches--hackers breaking into a company's databases to steal thousands or millions of people's credit card and personal information that's then used or sold in some way to enable theft and other criminal activity. Target, ...Read more →
On May 22, consumer advocates celebrated the fifth anniversary of the CARD Act, the 2009 law that put reforms in place to protect American consumers from abusive credit card practices. In cheering the success of this law, some advocates also noted the need for the Consume...Read more →
Soccer fans planning to go to Brazil to take in this year's World Cup had better be sure to take their Visas--not just the visa you may need to enter the country, but your Visa card. Visa is the exclusive global financial services sponsor for the FIFA World Cup, which mea...Read more →
A recent Gallup poll indicates that Americans are toning down their love affair with credit cards. Not only are we carrying less outstanding debt on the cards we have, more of us are also paying the full balance we owe every month. Furthermore, we are also carrying fewer ...Read more →
If you have bitcoins, the virtual peer-to-peer digital currency, you now have a way to use them to buy things, whether it's online or in person, thanks to bitcoin wallet provider Xapo's new bitcoin debit card.
Bitcoin is a digital currency that's been around since 2009...Read more →
This week Wells Fargo and American Express launched two new rewards credit cards designed to allow customers to earn rewards faster, enjoy special perks and have extra protection for shopping and travel.
"Last year, we announced our partnership with American Express as...Read more →
Earlier this month, Bank of America, N.A. and its credit card subsidiary FIA Card Services, N.A. got hit with millions in fines from the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) for unfair billing practices relate...Read more →
We do a lot of things with our smart phones, and one thing industry experts expected by now was that more people would be using their phones to pay for purchases. Some technological advances have helped this, but one major problem has been the fact that both the user and ...Read more →
For the fourth year in a row, Temkin Group has recognized USAA for delivering the best customer experience among credit card issuers. In the 2014 edition of its annual Temkin Experience Ratings, USAA bested 10 other credit card issuers and also scored high against other c...Read more →
This April, American Express will launch its new Amex EveryDay Credit Card, a new rewards credit card that gives cardholders a bonus for using it.
Unlike traditional rewards cards that give you points not just based on how much money you spend using the card, but it al...Read more →
Last summer I wrote about Barclaycard's new travel rewards card called Arrival. It's a MasterCard that lets you earn miles on purchases and apply them toward tickets on any airline. Extra perks of the card include a 10 percent mileage rebate, a subscription to TripIt Pro'...Read more →
Most American consumers have several credit cards in their wallets, but which ones do they actually use? Loyalty consulting firm Brand Keys' 18th Consumer Loyalty Engagement Index study shows that when it comes to having a favorite piece of plastic, Discover and American ...Read more →
Sometimes it's the non-credit card related parts of a credit card company that intrigue and inspire. In the last few years, the major credit cards have been seeking out new ways to reach their customers and provide them with unique experiences in an effort to promote thei...Read more →
In an effort to give its rewards cardholders more flexibility and options with their rewards points, MasterCard has partnered with Toronto-based Points International Ltd. Through the partnership, cardholders will have more ways to redeem, exchange and trade the points the...Read more →
In dealing with the aftermath of the breach on its computer systems, Target has announced that it plans to speed up its planned implementation of chip-enabled smart cards, also known as EMV cards.
Target's Chief Financial Officer John Mulligan announced the company's ...Read more →
As if the news of the Target credit card breach hasn't been enough, two other retailers -- Michael's craft stores and Neiman Marcus -- have also reported breaches in which consumer credit card data may have been stolen. On top of that, there's another credit card scam hap...Read more →
In its recently released annual report on college credit cards, the Consumer Financial Protection Bureau (CFPB) found a decline in college credit card agreements, yet the agency still sees a need for financial institutions to disclose their marketing agreements with colle...Read more →
January's usually a month where people do a little fiscal belt-tightening, as the fun spending mood of the holidays ceases, the bills roll in, and you resolve to save more money in the new year. Rewards cards can help you put back a couple of extra dollars, so now may be ...Read more →
The data breach that Target suffered during the 2013 holiday shopping season is apparently larger than first thought. The discount retailer had initially reported that the nearly three week-long malware attack affected 40 million credit and debit accounts. Now the discoun...Read more →
Not all middle class Americans are recovering equally from the Great Recession, finds the NAACP. The association commissioned a study that looked at how middle class African Americans are faring in the economic recovery and have made some interesting discoveries when it c...Read more →
Rewards cards that offer cash back, gifts, miles or other goods seem like a good deal, but they actually could end up costing you more, particularly if you carry a balance. The Massachusetts Office of Consumer Affairs and Business Regulation conducted a study last year th...Read more →
Everyone's opened their holiday presents, the wrapping paper's been thrown away and you start looking forward to a new year. It always seems that the mail, which was recently full of holiday wishes and good cheer, is now full of holiday bills.
If you didn't pay cash fo...Read more →
When you make decisions about your credit card choice, usage and payments, are you making your financial decisions based on knowledge or marketing? The Consumer Financial Protection Bureau (CFPB) recently published a study that believes biased marketing may be guiding con...Read more →
Target has confirmed that it experienced a data breach during the beginning of this year's holiday shopping season that could put a damper on some of its customers' financial information.
The breach started on November 27, just before Black Friday, the busiest shoppin...Read more →
American Express Membership Rewards participants who also use Amex's mobile app now have access to a new feature called Use Points for Charges. This option allows users to take the Membership points they earn for making purchases to now cash them in to pay for their regul...Read more →
The holidays are a time for giving, so it's only natural that you may want to spread a little holiday cheer with charities that help people in need. Credit card companies often have campaigns and programs that can make giving donations an easier process. Here are a few wa...Read more →
The holidays are upon us again, and for most of us this is a time of year for giving gifts and having celebrations with friends and family. Amid all the celebrations, we're usually pulling out our wallets to buy something. Whether it's buying the ingredients for a fantast...Read more →
You might not think twice about pulling a credit card out of your wallet to pay for something, but the concept about using some sort of card as a method of payment has been around for less than 100 years. We've come a long way from the first days of these cards, which sta...Read more →
If you've ever felt that your wallet is too fat, not because you've got a lot of cash but because you're carrying a lot of cards, now there's a new product to help you streamline your wallet. It's called Coin, a mobile app that comes with a device that looks and acts like...Read more →
Earlier this year, cancer research initiative Stand Up To Cancer (SU2C) gained a fundraising partner in MasterCard. Now MasterCard has upped its commitment to the organization, and a credit card issuer has joined in to raise money for cancer research.
Fifth Third Bank,...Read more →
The all important credit score, the number that determines your creditworthiness and is used to help determine how much of a loan you can get and how high your interest rates will be, used to be something you paid for. Now millions of credit card customers will be able to...Read more →
Huntington Bank, a regional bank located in Columbus, Ohio, has expanded its credit card offerings to include a consumer card called Voice. Huntington designed the card with its customers in mind and intends to give them a voice in how they want to set up their credit car...Read more →
With the popularity of sharing personal information on social media sites, privacy may not be a big issue to some, but as National Protect Your Identity Week (PYIW) reminds us, keeping some of your personal details is very important, because dealing with a stolen identity...Read more →
Just in time for the winter holiday shopping season, Discover has earned recognition for its cashback reward redemption technology, and it's offering a special cashback bonus for the holiday season.
InformationWeek magazine has ranked Discover 77th on its annual Inform...Read more →
MasterCard has recently announced two developments that it hopes will further the growth of its MasterPass digital wallet service, including more retailer acceptance and adding content purchasing.
North American online fashion retailer Beyond the Rack has joined Master...Read more →
Over 2.1 million credit card customers of Chase Bank USA, N.A. and JPMorgan Chase Bank, N.A. can expect to share in a $309 million refund that the Consumer Financial Protection Bureau (CFPB) ordered the financial institution to pay in conjunction with findings that the ba...Read more →
For decades, credit cards have had the same look: plastic, with an account number embossed on the front and a magnetic stripe on the back. The introduction of the EMV card started changing the appearance of credit cards, adding a computer chip to the front of the card tha...Read more →
Travelers now have even more ways to earn miles and travel rewards through their credit cards. PNC Bank and Bank of America have recently launched new travel rewards cards that offer miles and other travel perks to cardholders.
PNC Bank recently introduced two new Vis...Read more →
After conducting pilots in Austin, Texas and Salt Lake City, Utah, Isis will launch its mobile wallet product nationally this year.
Isis is a joint venture between AT&T Mobility, T-Mobile US Inc. and Verizon Wireless. The mobile wallet uses Near Field Communication (NF...Read more →
Adding to their long history together Wells Fargo and American Express have added to their partnership to allow Wells Fargo & Company to issue new credit cards on American Express' network.
Wells Fargo and American Express' relationship goes back to the founding of bot...Read more →
A lot of credit card holders want their cards to work for them, so they opt for one of the many rewards cards available on the market. Capital One has made it even more difficult to choose among rewards cards with the introduction of its new Quicksilver Card that tries to...Read more →
These days, many people interact with their credit card company online. Whether it's shopping for a new card or paying a monthly bill, consumers flock to the Internet to handle many of their credit card transactional needs.
That makes it important for credit card compa...Read more →
Americans are doing a better job of paying their credit card bills on time, and they're carrying less debt, says credit bureau TransUnion.
In the latest round of results of its quarterly analysis of U.S. consumers who actively use credit, TransUnion found that the nati...Read more →
If you've ever looked at your credit card statement and wondered why you're getting charged fees for things you didn't intend, such as an unwanted auto-renewal or unintended subscription, you may be the victim of "grey charges," a term to describe credit or debit card cha...Read more →
In July the United States federal government indicted five men in a worldwide hacking and data breach scheme--the largest of its kind in the country--that stol...Read more →
After giving consumers tools to help them deal with unfair credit card, credit reporting, mortgage, banking and private student loan practices, the Consumer Financial Protection Bureau (CFPB) is now tackling the issue of debt collection to protect consumers from [harmful ...Read more →
With the warm summer weather comes festival and summer vacation season. While it's great to get outdoors and explore, being at a crowded event or a tourist in an unfamiliar city can make you a target for criminals and identity thieves. If you take a few minutes to prepare...Read more →
After an initial launch last December, Barclaycard US has expanded the availability of its Arrival World MasterCard travel rewards credit card to all U.S. customers, giving cardholders a way to earn miles for travel--even when they're redeemed.
Barclaycard Arrival card...Read more →
Like the average American, I get a lot of credit card offers in the mail each week. Most of them I tear up without even opening, but the heavy silver envelope from American Express had me looking more closely.
"Dear Ms. Jaracz," the letter started. "Do you expect the b...Read more →
Imagine you're out walking around your town, and you try to cross the street, only to be hit by an oncoming car. The next thing you know, you wake up in the hospital with your leg in a cast and hooked up to a variety of machines, and you have no idea how you got there. Wh...Read more →
At the beginning of June, Diners Club International, a business unit of Discover Financial Services, signed an agreement with Barclaycard Global Payment Acceptance, which allows merchants using Barclaycard's payment acquiring services to accept Discover and Diners Club ca...Read more →
Busy lives with crazy schedules and countless activity can make time whiz by so quickly that you might forget to take care of life's little details, like paying bills. Missed payments can make a big hit on your wallet if you're not careful, as late payment fees and increa...Read more →
Recovering from addiction can be a long, difficult process that doesn't end when a person leaves rehab. Learning how to function as a sober member of society can also be difficult to manage, particularly when it comes to managing finances. Now a group of recovering addict...Read more →
Chase Card Services, a division of JPMorgan Chase & Co. has partnered with AARP to offer a new rewards credit card to the organization's members. With this card, cardholders will be able to earn cash back on purchases, but they won't have to pay an annual fee.
The AAR...Read more →
Stay-at-home spouses and partners have traditionally had a difficult time getting their own credit card accounts because card issuing banks grant credit based on the amount of income and assets a person has. With no documented income, someone such as a stay-at-home consum...Read more →
Identity theft. Credit card fraud. Hackers stealing thousands of credit card numbers. While the news headlines may be full of stories like these that seem to indicate the overwhelming presence of problems with the credit card industry, a new poll released this week indica...Read more →
In today's world where faster is better--particularly when you're at the cash register, waiting for someone to swipe their credit card, thumb through their wallet for cash, or even worse, write a check--a new start-up company has found a way to make credit card payments f...Read more →
While big business may get a bad rap, with people joking about the fat cats on Wall Street, many companies strive to do good with their business. Several players in the global financial services industry that deal with credit cards have recently been recognized by the Eth...Read more →
Survey: Customers Rank USAA and American Express as Best Cards for Customer Experience, Industry Merely "Okay"
Credit cards are pervasive in today's society, either as an integral part of a wallet, or a daily reminder in your mailbox when you receive direct mail marketing offers for new cards. Whether or not you like your credit card issuer sometimes doesn't seem to matter, given ...Read more →
Usually when you're paying for items at a store with your credit card, the cashier will ask to see your card and will visually confirm the signature. Although this practice is a way to verify a signature, it's still possible for an identity thief to fake your signature an...Read more →
Playing by the rules can sometimes seem boring, but Bank of America has found a new way to reward its customers who play by the rules when it comes to responsibly managing their credit. This reward comes from using the bank's new credit card that pays out up to $100 a yea...Read more →
Last year MasterCard launched a big push for the use of mobile wallets, a tool in which you can store your credit card information in a secure area of your cell phone or in an app that's on your cell phone to use for paying for goods at stores. At the recent Mobile World ...Read more →
Financial experts advise keeping tabs on your credit report to make sure it doesn't contain any errors because your current credit report is what provides lenders the information they need to make decisions about giving you loans or more credit. Inaccurate credit reports ...Read more →
With Valentine's Day just around the corner, love and romance or flowers and chocolates might be on the brain. Even though those items are important, sitting down and taking an unromantic look at your finances and credit can help you and your partner have a deeper relatio...Read more →
On February 5th, the Federal Bureau of Investigation arrested 18 people who allegedly were involved in a credit card scam that stole at least $200 million, an act that could end up costing everyday American consumers.
The scheme could be one of the largest credit card...Read more →
Many gas stations have a policy of charging more for using a credit card versus paying with cash. The price differences are clearly marked at the pump, and consumers have the right to choose whether or not they will pay a little extra for the convenience of using plastic....Read more →
While the song "Sixteen Tons" is about a coal miner, middle-income Americans over 50 could very well sing its lyric "another day older and deeper in debt" today. A recent survey from the AARP Public Policy Institute finds that older Americans have more credit card debt th...Read more →
Better money management, lower consumer confidence and worries about the debt ceiling have helped consumers become more savvy about their finances, finds the American Bankers Association in its most recent Consumer Credit Delinquency Bulletin.
The ABA's report looks a...Read more →
To start off 2013, Discover Financial Services has added a new credit card to its portfolio that it claims will change the credit card industry. The Discover it card offers rewards, Discover's vaunted customer service and a look like no other.
"We believe that consumer...Read more →
Last spring, Barclays introduced Barclaycard Ring, a simple credit card that's driven by crowdsourcing, a movement where its members make decisions about the card's policies. What have the masses accomplished this year with the Barclaycard Ring card?
One of the selling...Read more →
Carlson Rezidor Hotel Group and U.S. Bank have teamed up to launch the Club Carlson Premier Rewards Visa Signature Card, which allows cardholders to earn a free night stay at over 1,000 participating Carlson Rezidor hotels worldwide.
"The launch of this card is a sign...Read more →
Sometimes shopping for a deal can be a great thing. Say you're shopping for a new flat-screen TV, and you've spent hours doing research on different models and looking at sales flyers to get the best deal. You think you've got exactly the model you want at a great price, ...Read more →
While credit card issuers in the U.S. are busy introducing EMV technology to Americans, MasterCard has been working on the next generation of credit cards, and it's like nothing else you've seen.
MasterCard Worldwide has collaborated with Standard Chartered Bank Singap...Read more →
You've just ordered an impossibly complicated coffee drink at your local coffee shop, but the barista remembers exactly how you like it and doesn't raise an eyebrow over your needing a two-thirds caf, one-third decaf, mocha skim latte with part soy milk, part skim milk wi...Read more →
Credit trends could be returning to normal, says a recent analysis of consumer-credit data, as Americans are letting their credit card debt rise, and they aren't being as diligent about making payments on time.
According to [TransUnion's quarterly report of credit card...Read more →
One of the biggest developments in the U.S. credit card scene over the last year has been the introduction of the EMV chip card. This card, which is slowly coming on the market in the U.S., is prominent in many other areas of the world. But what is having a chip card like...Read more →
If you call yourself a football superfan, Sunday is your day. You probably watch all the games wearing your team jerseys and are managing at least one fantasy league. Even though you may show your dedication in the stadium and on the couch, you can also put your money whe...Read more →