Back in 2009, the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act was signed to great fanfare, with the White House lauding it as a "turning point for American consumers." The question is, which way have things turned for consumers? By at least one measure, the CARD Act may have been a multi-billion dollar turn [...]
When you pay with a rewards credit card, you might get airline miles, points redeemable for merchandise, or cash back into your account. Ever wonder who's footing the bill?
Every time you pay with a debit or credit card, retailers get charged an "interchange fee" from card issuers to accept the payment. Interchange fees vary from [...]
According to federal court records, Chapter 7 bankruptcy filings outnumbered Chapter 13 filings more than two to one during 2011. Home foreclosures and insurmountable medical bills topped the reasons why many Americans are seeking this last resort for debt relief. Even if you've been dutifully paying your credit card bills every month for years, defaulting [...]
There seems to be a lot of confusion out there on how to use a company credit card. True, millions of people use them every day without making the news, but in recent months, there have been a lot of local headlines about employees getting in hot water for how they've managed their business credit [...]
Even though millions of consumers take the time to compare credit card offers online every month, television advertising still plays a key role in helping us decide which brands we trust and what cards to avoid.
According to trade publication Advertising Age, lenders have stormed back into Americans' living rooms with sharp ads and big budgets. [...]
Even though it falls on the same date every year, Valentine's Day still takes many of us by surprise. If you're in a new relationship, you're trying to figure out how far you can go with gifts, flowers and dinner on the town. And if you've been with the same partner for years, you're probably [...]
You've resolved to improve your financial situation this year. Maybe you want to pay off a loan, knock off some credit card debt or boost your credit score. Way to go!
As you set out to accomplish your goal, beware and avoid options that seem like quick fixes. Often, they only help at the surface temporarily, [...]
Like a heavyweight fight in Las Vegas, the newest entrant in the super-premium credit card arena, Visa Black Card, challenges the defending champion, the American Express Centurion Card.
Last year, CardRatings.com talked with two entrepreneurs who carry the Centurion card to find out how they use the most exclusive credit card to manage their lives. One [...]
Going through a divorce can be one of the most stressful and emotionally draining experiences of your life. Your credit score is probably the last thing on your mind, but you do need to make sure you're working towards a healthy financial future in the midst of the separation from your spouse.
Some people are left [...]
Most Americans have an active stake in one issue that might be easy to overlook in the midst of the 2012 Presidential campaign: policies affecting our day-to-day use of credit cards.
Between the incumbent President, several contenders for the Republican nomination, and a Libertarian candidate, it can be tough to keep track of the various positions [...]
If your 2011 financial history involved a string of late payments, dealing with foreclosure, or having accounts go to collections, your credit score probably took a beating.
Still, it is possible to restore your credit if you're willing to make a consistent effort. You'll need to modify your spending, adopt healthier payment practices and tweak a [...]
Credit cards aren't magic, but they can seem like it. After all, one minute, you have nothing in your hands, and then the next, simply by waving a piece of plastic (which might as well be a wand), presto! you suddenly own something you didn't previously have.
And for many shoppers, the way credit cards make [...]
Editor's Note: The CardRatings.com team of credit card experts picked the worst credit cards of 2011 based on their terms, fees and overall value to consumers. CardRatings.com was recently ranked the No. 1 credit card comparison site in Bing Editor's Picks.
While we prefer to focus on the best credit card deals on the market, it's [...]
The days of letting credit card cash advances pile up in high-yield savings accounts are behind us. Still, credit card balance transfer offers proliferate as credit card issuers compete for market share. Does it still make sense for you to surf a card balance from one credit card to another?
The answer, and how vigorously it's [...]
You're probably wondering how hard you'll have to work out over the next few weeks to make up for the extra treats you enjoyed during the holidays. And if you're feeling tight at the waist, chances are you're feeling a pinch in the wallet, too.
Surveys from the American Research Group and the American Retail Federation [...]
It's the classic election year question: Are you better off now than you were four years ago?
As the primary season gets under way, expect to hear some version of that question with increasing frequency. Your answer may depend on where you live - and how you vote.
A CardRatings.com study used financial data from Experian to [...]
Prepaid credit cards are growing in popularity among consumers fed up with bank fees.
In 2011, consumers loaded about $460 billion onto prepaid cards, according to research from Mercator Advisory Group. And by 2016, the amount of money added to prepaid cards is expected to mushroom by almost 50 percent to nearly $685 billion.
Prepaid credit cards [...]
As the credit card offers fill your mailbox and you see more TV ads for credit cards, you may think that the credit card issuers are looking for new customers. And you're right. If 2011 wasn't your year for credit, 2012 might be better.
We talked to credit card experts to find out what consumers can [...]
If you're the parent of a teenager, at some point he or she is going to ask you about two things that may make your heart skip a beat: getting a driver's license, and getting a credit card.
Before your son or daughter can get behind the wheel of a car with a license, he or [...]
You hand your Visa to the waiter to pay for your dinner and he disappears with your credit card. He returns a few minutes later with your bill. You sign the credit card receipt and leave.
You don't think anything of it until the end of the month when you receive your Visa statement, and you [...]
Many credit cards look and act alike. Cash back rewards cards battle over seasonal bonus promotions, while travel rewards cards often rely on the reputation of their brand partners. A simple bonus, perk or privilege can win the battle for a prospective cardholder's business. To illustrate, we've scoured our database for six of this year's [...]
Despite an inexplicable drop in the price of four calling birds, PNC Wealth Management estimates the cost of all the gifts in "The Twelve Days of Christmas" at a cool $101,119.84. Following the song to the letter means delivering 364 gifts to your true love this month. If you're going to charge all of those [...]
Your phone rings. It's your favorite charity on the line, asking for a donation. You could give generously by simply rattling off your credit card number.
You're in the market for a new car. You just received an offer for a cash back rewards card. Why not put the new car on the card and pocket [...]
Editor's Note: The CardRatings team of credit card experts picked the best credit cards of 2011 based on their features, perks and overall value to consumers. CardRatings.com was recently ranked the No. 1 credit card comparison site in Bing Editor's Picks.
Our evolving economy has forced many of us to rethink our relationship with credit. Former [...]
We want to make the holidays special for our loved ones. And when advertised deals are calling your name and seasonal ambience is enveloping you, it's easy to get enraptured by the holiday spirit, succumb to the offers and spend, spend, spend.
"And then you get the hangover," says Julie Mayfield, author of the personal finance [...]