Credit Card News
Ameriprise Financial Launches MasterCard Credit Card
The Ameriprise World Elite MasterCard, Ameriprise World MasterCard, and Ameriprise MasterCard will give customers different levels of rewards, with the greatest rewards coming on purchases of Ameriprise products and services.... Continue reading
New Bill Takes Aim at Credit Card Companies
A bill introduced this week in Congress is attempting to legislate what credit card companies can and can't do when it comes to the rates and fees they charge their... Continue reading
Coke Bottler to Roll Out Credit Card Vending Machines
Coca-Cola Bottling Company United, one of the largest bottlers in the Coca-Cola distribution network, announced last week its intention to roll out Coke vending machines that accept credit cards for... Continue reading
Ultimate Fighting Championship Visa Launches June 15
Ultimate Fighting Championship, which stages popular mixed martial arts competitions, is set to launch the UFC Visa Card on June 15. The card will feature a standard reward points program,... Continue reading
Credit Card Rate Averages Mixed; Reward Rates Rise
While average rates in most credit card categories dipped slightly this week, the average rate for reward credit cards actually rose, indicative of the repricing being done by several issuers... Continue reading
Average Credit Card Debt Over $4,200 Per Adult, Over $8,200 Per Household
Using government debt data and census data, IndexCreditCards.com has determined that the average American adult is carrying $4,246 in revolving debt and the average American household is carrying $8,218 in... Continue reading
Credit Card Late Fees Average Over $35, Over-the-Limit Fees Top $36
The average credit card late fee is now $35.20, while the average over-the-limit fees checks in at $36.10. Using data from a cross-section of major and minor card issuers, IndexCreditCards.com... Continue reading
Credit Card Rates Inch Up, But Not A Trend
The average credit card rate for non-reward consumer credit cards increased to 14.21%, from 14.15%. The average consumer reward card rate remained at 15.58%. Neither of these numbers are much... Continue reading
Credit Card Issuer Practices to Get Major Overhaul as President Obama Signs New Law
President Obama on Friday signed into law a "Credit Cardholders Bill of Rights" that will constitute a major change in the way credit card issuers can treat their customers. In... Continue reading
Discover Announces First Biodegradable Credit Card
Discover Card has announced the availability of the first biodegradable credit card, claiming the cards will "begin to break down in soil, water, compost or wherever microorganisms are present" and... Continue reading