Dec. 18, 2012 weekly credit card news
Written by Ellen Cannon
Posted On: December 19, 2012
This is the final CardRatings.com news email of the year. We'll be sending the next one out in early January. We wish everyone a happy and safe holiday.
CardRatings.com's Editor's Choice awards 2012
The editors of CardRatings.com, including founder Curtis Arnold, present our list of the best cards for cash back, airline/travel rewards, low interest and low introductory rates this week. In addition, we offer a forecast on these market segments for the coming year. Part two of the Editor's Choice awards, which will cover different card categories, will be published in early January.
Keeping track of your points
A relatively new website called Usingmiles.com says it helps you keep track of your frequent flier miles, hotel points and many store loyalty programs. So we asked CardRatings.com reporter Jennifer Goforth Gregory to give it a test drive. She talked to the founder, Krista Paul - the idea was hatched to solve a problem she had with her points - and a regular user, and also found it useful for tracking her own rewards.
Consumer Action warns about checkout fees
One of the effects of the merchant swipe fee settlement for consumers is the potential for checkout fees - a surcharge that can be added to a bill when the consumer uses a credit card. Consumer Action released a publication this week that explains the checkout fees, how they came into being and what are the consumer's rights and merchants' responsibilities. The report also notes in which 10 states the checkout fees are not allowed.
Chips and PINs and signatures
IndexCreditCards.com columnist Peter Andrew, who is based in Europe, talks about the challenges of chip-and-PIN cards for Americans who travel frequently. Even American-issued cards that do have chips now still do not have PINs. And chip-and-signature cards are the standard in Asia. He explains the differences between chip-and PIN and chip-and-signature. He also notes that many merchants abroad no longer have terminals that can read magnetic strips.
Current credit card rates from CardRatings.com as of Dec. 18, 2012
|
Type of card |
This week |
Last week |
|
0.20% |
0.20% |
|
|
19.59% |
19.59% |
|
|
14.50% |
14.50% |
|
|
16.32% |
16.33% |
|
|
16.69% |
16.70% |
|
|
16.09% |
16.10% |
|
|
16.15% |
16.15% |
|
|
15.41% |
15.41% |
Disclaimer: The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we can not guarantee the accuracy of the information in this article. Please verify all terms and conditions of any credit card prior to applying. Check our credit card database for updated terms and conditions.
This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.
Disclaimer: This content is not provided or commissioned by Chase. Opinions expressed here are author’s alone, not those of Chase, and have not been reviewed, approved or otherwise endorsed by Chase. This site may be compensated through the Chase Affiliate Program.
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Disclaimer: Reasonable efforts are made to maintain accurate information. See the Discover online credit card application for full terms and conditions on offers and rewards.
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