Credit Card News: Five Consumer Warnings Involving Reward Credit Cards
Posted On: June 1, 2009
By Curtis Arnold, CardRatings.com Founder
Nearly every card issuer that issues credit cards offers its customers a reward or rebate program. Rebate credit cards will reward you for making everyday purchases with your card. Rebate cards are very popular and when used in a wise manner, rewards cards can help improve your bottom line- who doesn’t [...]
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StumbleUponCredit Card News: FICO 2008- How the Latest Version of the Popular Credit Scoring Model will Affect Your Credit
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By Michael Killian, CardRatings.com Reporter
Editor’s Note: This article is an interview with Craig Watts, Public Affairs Director at the Fair Isaac Corporation.There is a new sheriff in town. You may not recognize the name, FICO 08, but you should recognize its task–credit scoring. A FICO credit score is a number from 300-850 that is used [...]
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Credit Card News: Discover Customers Get Helpful Text Messages
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By Joe Taylor Jr., CardRatings.com ReporterOn the heels of launching a smartphone version of its secure customer website, Discover Financial Services has recently rolled out a selection of mobile account reminders for cardmembers. Discover Card customers can choose to receive e-mail or text message alerts informing them of changes to their account status. According to [...]
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Credit Card News: Credit Card Industry Leaders Hint of Upcoming Fee and Lending Changes
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By Curtis Arnold, CardRatings.com Founder
Bank executives told audiences at recent industry events that pending credit card rules and current economic stress have forced lenders to reinvent themselves. Capital One CFO Gary Perlin told a New York audience that he expected many credit card issuers to restructure their fees. Meanwhile, James Dimon of J.P. Morgan Chase [...]
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Credit Card News: Chase Ultimate Rewards Debut on Freedom and Sapphire Credit Cards
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By Joe Taylor Jr., CardRatings.com ReporterAt a time when many credit card issuers have reduced the benefits on reward cards, executives at J.P. Morgan Chase & Co. have announced a new added value program. Chase Freedom and Chase Sapphire cardmembers can now qualify for a new Chase Ultimate Rewards program that promises a “world class” [...]
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Credit Card News: Benefits of Credit Cards often Trump the Convenience of Debit Cards
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By Curtis Arnold, CardRatings.com Founder
Debit cards offer convenience and are becoming increasingly popular with consumers, but they still don’t offer many of the same benefits as credit cards do. In fact, I can think of five specific areas where credit cards offer significant advantages over debit cards and many prepaid cards:
1. Dispute Protection
Talk to any [...]
