Credit Card News
Credit Scores Refined as Credit Card Debt Drops
Yesterday, TransUnion, one of the big-three credit bureaus, unveiled an enhanced form of credit score that could make it more difficult for some Americans to obtain credit cards. According to... Continue reading
6 easy tips to rebuild your credit score
Last week, the IndexCreditCards.com blog ran a piece under the headline "Credit scores pose hidden dangers." It stressed how much you can needlessly pay in higher mortgage, auto loan and... Continue reading
Credit Card Cancellations Usually Affect Credit Scores
With their recent imposition of higher credit card rates and new annual fees--not to mention inactivity fees--it feels as if some card issuers are actively encouraging their customers to cancel... Continue reading
Surviving credit card debt
On Friday, credit card companies unveiled their delinquency and charge-off figures for September, and the figures were mixed. According to The Wall Street Journal that day, charge-offs (accounts that issuers... Continue reading
Credit card news roundup–seasonal edition
Whether or not you've made use of your cards recently, the Chicago Better Business Bureau (BBB) yesterday recommended that you frequently check your accounts online or through credit card companies'... Continue reading
Media split on CARD Act reform
On Saturday, the Forbes website included a paean of praise to the Credit Card Accountability, Responsibility and Disclosure Act (Credit CARD Act) of 2009. It said legislation was "a complete... Continue reading
Credit Scores–the Good, the Bad, and the Ugly
Wednesday, the House approved the new financial regulatory bill that came out of conference last week. Assuming the Senate also votes it through, a whole new wave of credit card... Continue reading
Debit spending limits could spur credit card explosion, so apply now!
Why on earth would any bank deter debit card use? Simple. The Federal Reserve is drafting regulations to lower "swipe fees" (the cut of the transaction value that merchants have... Continue reading
Credit card trends paint varied picture
Credit card reductions have an unexpected side effect. With fewer cards to spread debt, consumers tend to have higher balances on cards they've retained. Those higher balances can have a... Continue reading
Credit card rates could skyrocket if debt ceiling holds
Unfortunately, they also have a lot of obligations. They pay for their elderly relatives' long-term care and medical bills. Their grandkids' education is costing them a fortune. And just keeping... Continue reading