Credit Card News

• Capital One and Discover announce programs to help Americans find jobs
  Posted on - June 19, 2013

  Two of America's biggest credit card issuers recently announced major plans to invest in economic progress by helping families secure jobs, housing, and education.  Read More

• FTC proposes limiting telemarketing sales to credit cards and mailed payments
  Posted on - June 12, 2013

  A proposal to update telemarketing regulations could restrict most "business-to-consumer" transactions to credit cards or mailed payments. In a statement to reporters, Federal Trade Commission officials announced their intentions to amend the Telemarketing Sales Rule so it forbids telemarketers from using remote checking account withdrawals or money transfers as forms of payment.  Read More

• Visa and MasterCard square off against retailers over swipe fee settlement
  Posted on - June 5, 2013

  The last-minute collapse of a legal settlement between retailers and payment platform operators could set the stage for a new showdown over credit card processing fees. Shortly before the Memorial Day weekend, a group of major retailers opted out of the antitrust settlement first proposed by Visa and MasterCard during the summer of 2012. In response, Visa and MasterCard have filed a countersuit designed to confirm that industry standard "swipe fees" don't meet the definition of anti-competitive activity.  Read More

• Cross-industry committee to help American businesses adopt EMV credit cards
  Posted on - May 29, 2013

  New leaders will help the retail and banking industries adopt stricter credit card security tools, with the recent election of officers to the EMV Migration Forum Steering Committee. The four member committee oversees the efforts of more than 100 major American companies with the goal of adopting payment technology that has already become standard in other parts of the world.  Read More

• Chase Sapphire Preferred offering triple points on First Friday dining in 2013
  Posted on - May 22, 2013

  First Fridays got sweeter for Chase Sapphire Preferred card members, thanks to a new partnership with online reservation site OpenTable. According to company officials, Chase will begin offering three rewards points for every dollar spent on dining transactions during the first Friday of every month through the remainder of 2013.  Read More

• American Express OPEN business credit cards now help scan and track expense receipts
  Posted on - May 15, 2013

  American Express business credit card holders can now shrink the amount of time they spend on expense reports, thanks to the company's new ReceiptMatch service. This online tool from American Express OPEN helps small business owners and their employees manage expenses from the road or from the office by matching receipts to credit card statements.  Read More

• Stay-at-home spouses regain access to credit card offers after CFPB rule change
  Posted on - May 8, 2013

  Stay-at-home spouses no longer have to skirt federal rules when completing credit card applications, thanks to a new ruling from the Consumer Financial Protection Bureau. In a formal filing to the Federal Register, the CFPB clarified its position on whether spouses and partners without independent sources of income can reasonably expect to access joint savings and other funds. Under the amended rule, a non-working spouse can again state their total household income instead of just their personal income when applying for a new credit card.  Read More

• Chase Ultimate Rewards teams with Virgin America Flying Club
  Posted on - May 1, 2013

  Selected Chase credit card holders gained even greater access to transatlantic travel this month, with the announcement that Ultimate Rewards members can now transfer points to Virgin Atlantic's Flying Club program. In a statement to reporters, Chase officials confirmed that accountholders with Chase Sapphire Preferred, Ink Plus, and Ink Bold credit cards can now exchange a block of 1,000 Ultimate Rewards points for 1,000 Flying Club Miles.  Read More