Credit Card News
Six Tips for Successful Credit Card Debt Management
The first thing to remember is that you're not alone. Millions of Americans are in similar situations. Indeed, Fitch Ratings reported Friday that 4.18 percent of all credit cards are... Continue reading
Credit card regulation to change “worst” cards?
The November 2010 edition of Consumer Reports Magazine names what it believes to be "America's worst credit card." It's the First Premier Bank MasterCard. And if you're used to mainstream... Continue reading
Credit Card Regulation Works, Says Pew
Back before the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 was passed, consumer groups and financial industry lobbyists disagreed about the new law's likely outcomes. Those on... Continue reading
Seven reasons why credit cards are better than debit cards
Regular visitors to this corner of the blogosphere (can spheres have corners?) may have gained the impression that the resident writer isn't a huge fan of credit card companies. Well,... Continue reading
Credit card law helps consumers, report says
On Tuesday, The Pew Health Group published the latest research from its Safe Credit Cards Project. It examined the impact of credit card regulation (in the form of the Credit... Continue reading
Pitting Marriott Rewards Premier credit card offer against a lower-priced namesake
This time last week, this blog ran a story (Credit card offers that tempt) about how credit card companies are engaged in stiff competition, and are coming up with increasingly... Continue reading
Prepaid cards revolutionizing plastic
Credit card companies started off looking down their noses at prepaid cards. According to Mercator Advisory Group, in 2008, Americans spent only $330 million on prepaid plastic. The research firm... Continue reading
Credit Card Debt–Is Your 8-Year-Old Son’s Too High?
Let's start with the good news. The Federal Reserve published Friday its latest statistical release about consumer credit. The figures, which relate to June, show that "revolving credit" (nearly all... Continue reading
Credit Scores Down, but Future Brighter for Credit Card Debt
Karma Credit last week released its U.S. Credit Score Climate Report. And it showed that the national average credit score dropped two points in January to 669. That's the first... Continue reading
Chase to End Practice of Hiking Credit Card Rates Based on Credit Score Changes
Chase Card Services announced today it will end its practice of potentially raising credit card interest rates based on financial data not connected to the cards themselves. Up until now,... Continue reading