Whether or not credit card interest rates can go up as a result of the Credit CARD Act of 2009 has been the source of much confusion. A new federal court ruling ends some of the debate, at least for now.
The U.S. Court of Appeals for the Ninth Circuit has dismissed a lawsuit (McCoy v. [...]
Barclaycard and Choice Hotels have teamed up to offer new holders of their rewards credit cards up to five free nights at participating hotels and resorts around the world.
In a statement to reporters, officials from both companies announced updates to their Choice Privileges Visa Signature credit card. The card now features a new reward structure [...]
Capital One offers customers the chance to earn 50 percent more cash back than the typical rewards credit card with the launch of "Capital One® Cash Rewards - $100 Cash Back Bonus." In a statement to reporters, Capital One spokesman Mike Wassmer compared the innovation of the company's new cash back card to the successful launch [...]
Editor's Note: Thank you for your interest, this offer is expired and is no longer available.
American Express continues its campaign to win over the nation's small business owners with the rollout of a new The Business Gold Rewards Card from American Express OPEN offer. Company officials announced the new version of its iconic charge card [...]
JPMorgan Chase celebrated the second anniversary of the Chase Sapphire Preferred credit card by doubling reward points on purchases made at a long list of travel and dining vendors. Company officials announced the change to reporters this month, stating that their Sapphire now rivals other companies' gold cards as an essential personal finance tool for [...]
A recent TransUnion report reveals that credit card delinquency has continued to drop in the second quarter of 2011, marking what now amounts to a year and a half of falling delinquency rates. Although delinquency rates have been dropping for the past six quarters, the improvement in the second quarter of 2011 was still unexpected [...]
American Express announced a new partnership with Mercedes-Benz that brings the luxury carmaker into its Membership Rewards program. In a statement to reporters, company officials announced both a credit card and a charge card that offer extra privileges for card members who make regular visits to their local Mercedes dealers.
Mercedes-Benz credit card from American Express
Experian's latest report on credit card payments in 30 metropolitan statistical areas (MSAs) shows that all areas studied have improved in on-time credit card payments since 2007. However, the study shows that nationwide growth in mortgage delinquencies outweighs the improvements in card payments.
In terms of credit card payments, Cleveland, San Antonio and Cincinnati all improved [...]
Starting this month, overseas business travelers who carry Citi corporate credit cards can breathe a little easier when making purchases. And back in the States, regular Joe consumers may soon find themselves inserting instead of swiping their credit cards. Both these changes are thanks to a burgeoning EMV chip technology, which is about to get [...]
Contactless credit cards and EMV chip transactions may become far more common in the United States after a year-long initiative announced this month by global payments technology planners at Visa Inc. Company spokesperson Jim McCarthy released a statement to reporters, outlining steps his company planned to speed adoption of EMV chip technology already in widespread [...]
A poor personal credit rating can have wide-ranging implications, from being passed over for a new job to qualifying for only high-interest card offers. As the United States endures its own credit rating decline, the impact on consumers could be just as diverse. One thing seems evident; credit card interest rates will rise.
Most credit cards [...]
Researchers at Aperture Labs, a security research firm in the UK, have demonstrated two ways to hack the Square payment system to use credit cards fraudulently, security holes they say could streamline cybercrime despite Square's assurances that they monitor all transactions for fraud.
Square is one of the latest credit card payment processing systems for iOS [...]
Consumers made $72 billion more in credit card payments than they did purchases in 2009, according to a new consumer study from TransUnion, one of the three major credit bureaus in the United States. According to this recent report, which tracked consumer debt patterns between the first quarter of 2009 and the first quarter of [...]
American Express plans to woo tennis fans this summer with help from superstar Chris Evert. In a statement to reporters, company officials announced the return of American Express's Next Contenders program. The program shares behind-the-scenes access to up-and-coming tennis players in the weeks leading up to the U.S. Open at Arthur Ashe Stadium. Chris Evert [...]
The difference in interest rates between consumer non-rewards credit cards and rewards credit cards has increased over the course of July 2011, according to recent figures published by IndexCreditCards.com.
As of July 31, the average consumer credit card rate was 16.50 percent, up from 16.43 percent in mid-July. The interest rate on rewards credit card offers, [...]
The Gold Delta SkyMiles Credit Card from American Express adds a highly requested perk this month: priority boarding on all Delta flights. Delta and American Express officials announced the addition along with other updated benefits for their Platinum and Gold airline credit card beginning September 1, 2011. Once the new benefit rolls out to Delta's [...]
Chase credit cards for business carry some new reward options, according to company officials. In a statement to reporters, representatives from JPMorgan Chase & Co. announced updates to the company's Ink from Chase brand. The business credit cards enable company owners and purchasing agents to earn points or dollars on each transaction, at rates higher [...]
Yesterday's science fiction is today's science fact with the all-new Jumio online payment processing, which turns an everyday webcam into a credit card reader. With "Netswiping," the new webcam credit card system unveiled on July 26, Jumio launches a new payment processing model that may soon eclipse the flawed security of tried-and-true data entry systems.
Credit card companies have a new watchdog, with a robust online presence and a consumer hotline. The Consumer Financial Protection Bureau launched in July, settling into the authority granted by last year's financial reform legislation. Americans can report problems with credit cards, bank accounts, mortgages and other financial products by calling (855) 411-2372 or visiting [...]
Visa and MasterCard may have put "steering" challenges behind them, but American Express continues to fight merchants for access to consumer purchases at the checkout lines. According to a Wall Street Journal report, Visa and MasterCard settled government allegations of unfair practices related to retail debit and credit card processing rules. Although company officials and [...]
Citigroup launched a revamped Citi Simplicity Card a credit card with an offer that aims to simplify the fees, rates and rules that create hassles for many cardholders.
The Simplicity card has these key features zero percent introductory APR for 18 months on balance transfers and on purchases. After the introductory period, the variable APR will [...]
American Express plans to serve up special deals based on the things cardmembers "like" on Facebook. Company officials announced the launch of "Link, Like, Love," a Facebook application that links American Express cards to information shared on the popular social network. The application reviews each cardmember's social graph, including status updates, friend connections, location check-ins, [...]
Citi Cards and American Airlines offer unprecedented benefits and a "chip and PIN" option to lure elite travelers to their latest airline credit card.
Travel rewards and perks
The Citi Executive / AAdvantage World Elite MasterCard builds on the 24-year relationship between Citi and American Airlines, while promising extended compatibility with European merchants' point-of-sale terminals. Following a [...]
Chase Card Services has introduced the new United MileagePlus Explorer Card, its first post-merger airline credit card.
Familiar design, more perks
Just as new paint jobs brought United's name and Continental's logo to the merged carrier's aircraft, the new Chase/United airline credit card resembles the previous Continental Airlines OnePass Plus Card. The new United MileagePlus Explorer Card [...]
According to USA Today, a newly-released Federal Reserve survey shows that 17 percent fewer student credit card accounts were opened through colleges and alumni associations 2010 than in 2009, a decrease attributed to changes implemented as a result of the 2009 Credit CARD Act.
New laws resulting from the CARD Act have placed limits on how [...]