The skies just got a little less friendly for frequent fliers. Southwest and Qantas are the latest in a long list of airlines to tighten the screws on their loyalty programs. The new restrictions are part of an industrywide effort to eke out more profit without raising base fares.
Frequent flier value: a vanishing act
The same [...]
No. 1 Most-Viewed CardRatings.com Article of 2011*
It's hard to believe, but sometimes credit card issuers don't have your best interests at heart. There are a few things, in particular, that would really help you save money on your credit cards. If you were aware of them, that is.
So here's a top five list of things [...]
For most of us, flipping the calendar to a new year means thinking about taxes. While you're waiting for your W-2 to arrive in the mail, consider using the next few weeks to map out your credit card strategy for 2011. This could be the year you turn your credit cards into [...]
On the heels of the CARD Act implementation in 2010, cardholders using more debit than credit cards, and the Federal Reserve recommending a cap on debit card fees issuers can charge merchants, the world of plastic has been kicked around over the past several years.
To see what might be in store in 2011, we asked [...]
You're familiar with rewards credit cards and debit cards offering frequent flier miles, points or cash back, but did you know many of these reward programs allow you to pool, transfer or convert your rewards?
Cash Back and Reward Points
Some financial institutions offer programs that let you simultaneously earn rewards from two programs with one card. [...]
Credit cards make big promises - cash back, free vacations, zero interest and more. However, if you are not reading the fine print, you might find that you get more than you bargained, according to a San Francisco Chronicle report.
The Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 made changes to how credit [...]
Credit card reward points are redeemable for such things as gift cards, airline miles or hotel stays, but here's another thought: What about giving away your points to help someone in need?
Giving is good for the soul, and also adds up to big dollars. The Red Cross noted that the $479 million dollars donated for [...]
Credit card companies take a fair share of abuse about interest rates and hidden transaction fees, but an increasing number of companies are committed to helping charities by making it easier for customers to donate.
Customer loyalty via charity
It's not all altruistic, of course. Capital One, which routinely waives transaction fees for donations, admits it hopes [...]
Building a solid credit history is an integral part of becoming an adult, but obtaining a student credit card got much harder for people under age 21 with passage of the Credit Card Responsibility and Disclosure (CARD) Act of 2009. The CARD Act has many provisions directed at curbing excessive fees and rate hikes. It [...]
Will that be credit or debit?
Don't bother with such platitudes as, "whatever is easiest for you." Rather than handing over your ATM card, you're smarter to use your credit card. Here are five reasons why:
You need credit anyway. If you're planning on a big ticket purchase--like a house--at some point in your life, you can [...]
What is the best credit card to have for international travel? A comparison of the best travel credit cards should include not only a look at the fees for transactions, but also the surcharges for currency conversion. Then there is the question of credit versus debit: Which card is the better choice for overseas travel?
Many financial institutions offer customers a choice in the design of their credit cards. Some allow them to show their patriotism or an allegiance to a sports team every time they pay with the card. Recently, credit card companies have introduced customization that goes beyond the appearance of the card itself and allows cardholders to [...]
Many savvy consumers try to avoid paying interest on credit card debt by taking advantage of 0 percent balance transfer credit cards, but the decision to make the transfer requires careful reading of the balance-transfer offer and consideration of the impact on your credit score.
Credit card balance transfer offers
Consumers should start by reading the details [...]
Our annual Editor's Choice Awards highlighted the very best credit card deals of the year. However, we couldn't resist looking back on 2010's strangest attempts by credit card issuers to suck the cash from your wallet.
Highest interest rate
First Premier Bank built its brand by offering unsecured MasterCard accounts to consumers with damaged credit profiles and [...]
American consumers have spoken! They really like some credit cards.
From September through December, CardRatings.com asked readers to choose their favorite credit cards or issuer in five key areas. After tallying hundreds of responses, we present the CardRatings Consumer’s Choice Awards for the Best Credit Cards of 2010.
Best Cash Back Credit Card:
Winner: Blue Cash from American [...]
The second half of this year's Editor's Choice awards continues to spotlight credit cards and banks that bucked a trend toward fewer rewards and higher fees while offering enticing added value for cardholders.
Best Reward Point Credit Cards
Unless you never watch television and you didn't go to the movies in 2010, you've probably seen ads [...]
In 2010, the credit card industry bounced back from the effects of a nationwide recession, a slew of new federal regulations, and a sense of discontent among consumers who paid down balances faster than ever. A handful of credit cards led the charge to bring value, service, and convenience back to Americans:
Best Cash-back Credit Cards [...]
You hear people complaining about credit cards all the time.
But with more than a billion credit cards issued around the world, there must
be something consumers like about them. We at CardRatings want to know which
cards you like for cash-back, airline rewards, points rewards, best value and
best customer service. Take this quick survey and we'll share [...]
Do you usually end up in credit card debt after the holidays? If so, then make a vow
right now that this will be the year you change history. It won't be easy, but
you really can get through the holidays without buying stuff you can't afford.
How? By following this simple, 7-step plan to a debt-free holiday [...]
About two in three American shoppers spend more than $500 on holiday gifts
every year. That makes the new credit card discount offers at most retailers
very attractive to cash-strapped consumers. Gift givers who use retail credit
cards strategically can save $50, $100, or even more on their annual shopping
lists. Some stores even hand [...]
Life changes. It happens whether we like it to or not. And when changes occur, we often develop new credit card needs. Sometimes the signs that you need a new card are subtle. But sometimes they smack you right in the face.
If you experience any of the following, maybe it's time for you and your [...]
If you listen to the media, you'd think we'd all dropped our credit cards in
favor of swiping prepaid debit cards instead. Sure, there's plenty to like about
prepaid debit cards, but there are various downsides to think about, too. Before
you kick your credit card to the curb, take a look at what's hot--and [...]
Your golden years should be filled with things you've always dreamed about. Maybe it's a cruise to the Mediterranean with your significant other. Or maybe you're just looking forward to having the time to attend your grandson's baseball games.
These dreams can quickly turn into nightmares if you aren't careful about the way you handle credit [...]
If you've been getting weary from the cat-and-mouse games with credit card issuers, you'll be pleased to hear that you may finally have the upper hand--at least when it comes to these credit cards. These credit card issuers are so anxious for your business that they're willing to pay you to sign up for their [...]
If you're looking to rebuild a damaged credit history or if you're trying to establish credit for the first time, a secured credit card might be just what you need. A secured credit card can help resolve a catch-22 problem that torments consumers in these situations: How do you get a credit card when you [...]