Authors

Curtis Arnold
Curtis Arnold, Editor-in-Chief
Joe Taylor
Joe Taylor Jr., Reporter
Amber Stubbs
Amber Stubbs, Managing Editor

Credit Card Information

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As the fallout from the 2008 financial crisis spread to credit card issuers in 2010, as many as 11 in 100 credit card accounts fell so far behind that banks charged them off as noncollectable. Though that ratio has dropped by half since then, you may be one of the many consumers who now face [...]
Steve Jobs transformed the credit card industry. That's my argument, and I'm going to stick with it. True, if you look hard enough, and judging from all of the tweets, Facebook status updates, trade magazine articles, newspaper stories and television pieces in the last 48 hours, you could probably reasonably make the argument that the [...]
Unless you are intimately familiar with the fine print in your credit card agreement, you might not realize that your favorite credit card can save you more money than you might have thought when you shop online, rent cars, travel abroad, or attend popular sporting events. Credit card companies often compete with claims of low interest [...]
Credit cards are never more dangerous than when you're unemployed. Of course, if you're underemployed, they're rather dicey as well. If you don't dread carrying credit card debt and being unemployed, you can always ask someone who's part of the 9.1 percent of the labor force that's out of work. It's simple math. When your income [...]
Bank of America, Wells Fargo, Chase, SunTrust and Regions Bank have all announced plans to charge a monthly fee to use a debit card, running between $3 and $5 per month. And debit rewards programs look like they're next on the chopping block. JP Morgan Chase, Wells Fargo, SunTrust and Comerica have ended their debit [...]
Categories: Rewards Credit Cards
In 2010, Bank of America reported revenues of over $25.5 billion from their global card services business, of which nearly $18 billion, or about 70 percent, came from interest. That percentage has remained fairly consistent in the credit card industry over the past decade. A year earlier, in the last two quarters of 2009, Capital One [...]
With hundreds of credit cards available, choosing the best one can be mind-boggling. Do you want cash back? Do you want airline miles? Do you want points when you shop? So many decisions!When it comes to choosing the best credit cards, it pays to be proactive rather than reactive. Credit card offers through the mail [...]
Categories: Best Credit Cards
Credit cards attract star power, just like any other product. Morgan Freeman has narrated many a Visa ad. David Spade has appeared in a few zany Capital One ads. NFL great Peyton Manning starred in some MasterCard commercials. And, of course, American Express has turned the celebrity endorsement into something of an art form. Anyone over a [...]
I'm a student. Can I get a credit card? Do I need a co-signer? Do I need a job? I'm a parent. Will card companies target my child at college? As a co-signer, how liable am I? What exactly are the rules now? How do they affect me? These questions continue to puzzle students and parents in [...]
Every year at about this time, pretty much since TV was invented, the summer of reruns ends and a new fall programming season begins. Turn on the TV and you'll likely find a variety of new episodes from ABC, NBC, CBS and FOX that present realistic life dramas that sometimes poke fun at that great [...]
Categories: Financial Literacy
No cash? No problem. As credit card processing services reinvent themselves for the mobile era, there's now an app for that. Credit card payment apps transform any mobile device into a cash register and credit card terminal in one. Swipe-and-charge simplicity brings mobile sales to the masses. Traveling sales representatives, small-business owners and even yard-sale bargainers [...]
There's a myth that carrying a balance on your credit cards will help your credit score. Of the Americans who use credit cards, half (about 54 percent) pay their balances in full every month, according to the Federal Reserve's Survey of Consumer Finances. But can this practice help or hurt your credit history? In fact, it [...]
The honeymoon is over. In the beginning of your relationship, when your credit card was all shiny and new, it attracted your attention by teasing you with a low interest rate and the promise of a lifetime of lavish rewards and lots of laughs. So you and your card hooked up, and at first, it was [...]
Categories: Credit Card Deals
You might not think twice about "friending" your BFF from high school or "following" your favorite movie star. But "liking" your credit card company? Feelings aside, connecting with credit card companies on Facebook or Twitter could garner you some big rewards. You could win free airline miles, pocket cash-back rewards, receive discounts on merchandise, or land [...]
A curious reader recently wrote in to the CardRatings.com Ask the Expert feature to ask: "Are some states better than others when using a credit card?" Geoff Williams responds: Interesting question and kind of open-ended, so I'm not quite sure how to answer it for you, but let me give it a whirl. Do you mean is [...]
Credit card issuers have discovered that loyalty cards and experienced-based rewards can help their products stand out in a crowded marketplace. Maybe you want to show your fan loyalty every time you open your wallet. Or, maybe you're willing to switch teams if it means getting a better deal on your daily purchases. Either way, [...]
Categories: Rewards Credit Cards
According to the 2011 Identity Fraud Survey Report released by Javelin Strategy & Research in February, the number of identity fraud victims in the U.S. dropped 28 percent in 2010, the first decline since 2007. However, the nightly news is rife with reports of hackers gaining access to personal financial data, keeping consumers nervous that their [...]
The Credit CARD Act of 2009 was enacted to curtail abusive practices by credit card issuers and protect consumers from out-of-control fees and interest rates that seemed to fluctuate daily. But is the CARD Act the firewall consumer advocates wanted, or just a new way to be completely confused by the fine print? Well…both. There are [...]
Freeloader. Mooch. Deadbeat. You'd never want your bank to call you any of these names. However, after a series of financial reforms that has upended the banking industry, lenders can't wait to issue some of their most prestigious credit cards to deadbeats. Redefining "deadbeat" As Inigo Montoya might have said if he were a banker in "The Princess [...]
Categories: Rewards Credit Cards
Baggage fees, security lines and lost luggage have many consumers seeing red. For some time now, airlines have been offsetting some of those inconveniences with more generous rewards on their credit cards. That's been a boon for consumers, but with more choices comes more confusion. Once you've got your new credit card, you don't want to [...]
Categories: Airline Credit Cards
Everyone knows about the FICO score, but it's not the only thing credit card companies look at when deciding how much of a credit card deal to offer you. You probably won't be surprised to learn that credit card companies consider your revenue, or how much money comes in, when deciding whether to offer you credit. [...]
Categories: Credit Scores
If you're tempted to fib about your income on a credit card application so you can get the best rewards credit card available, well, think again. That little white lie could put you in the slammer. Credit card issuers care…about your income Prodded by federal regulations and mauled by a tough economy, banks and other credit card issuers [...]
No. 5 Most-Viewed CardRatings.com Article of 2011* When the Credit Card Accountability, Responsibility and Disclosure Act was ushered into law, it was heralded as a way to protect consumers from unfair and deceptive practices by credit card issuers. But while the new law provided some consumer benefits, many finer points of the CARD [...]
You've been good. Your credit cards are current. Up until now you've had stellar credit and you've been able to charge purchases to your credit card without giving it a second thought. Now, it's uh-oh time. You didn't see your employer headed for financial trouble. You're hanging on, but you've taken a huge pay cut. Or, you weren't [...]
Categories: Credit Card Debt
There's a lot of worry going around about the FICO credit score. It can be like a sleeping giant you don't want to wake. Carry too much debt, and you could wake the giant and see your score plummet. Never carry debt, and the giant won't like that either. Apply for too many credit cards at [...]
Categories: Credit Scores
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