Credit Cards
Two women discussing credit card debt relief.

Efficient tips for reaching credit card debt relief

There are many efficient tips for reaching credit card debt relief. However, if you find yourself struggling under the grips of debt, you may sometimes feel as if there is no way out of your situation. Nevertheless, there are many different techniques you can use to overcome the debt that you have acquired throughout your
a credit card swipe at the register

Last round of new credit card rules limit late payment fees

The final package of new credit card rules went into effect Sunday. The latest rules limit late payment fees and other penalties. This completes a major overhaul of the credit card industry that was set into motion by the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009. One of the newest federal laws
an illustration of a hand stuffing money in a mortarboard

Student loan debt exceeds credit card debt as college costs rise

Americans now owe more for their student loans than their credit card debt. While people are paying down their credit card balances in the aftermath of the financial crisis, college costs continue to rise. Some analysts say less consumer protection for student loans than other types of borrowing is a reason for the trend. Others
A stack of credit card mail offers, with diagrams that highlight the major card issuers and the three major credit bureaus.

Recovery Watch: Credit card mail has increased dramatically

Most people find a mailbox filled with credit card offers unappealing, but look at the bright side: It’s a sign that the squeeze on consumer credit may be loosening. Bankrate reports that the consumer credit industry has experienced a kind of renaissance when it comes to credit card mail offers. The Mintel Comperemedia study found
American Express

American express to issue a new prepaid debit card

American Express will start issuing a new prepaid debit card June 21. The company, previously known for aiming at higher-end, luxury buyers, is staking new ground by targeting the average consumer. Other card-issuers are expected to follow suit. Building on the PASS card Lat year, American Express introduced the PASS prepaid card, designed to help

Anonymous takes MasterCard down | Visa next in Operation Payback

In an attack coordinated on the 4Chan message board, a group that calls itself Anonymous has pulled the MasterCard website down. This denial-of-service attack has been dubbed “Operation Payback.” The Anonymous attack on MasterCard was in response to the card company taking down WikiLeaks donations. Anonymous attack on MasterCard This morning, the MasterCard website was
Paying off debt

Pay down credit card debt | Using science to pay it down faster

If you are working to pay down credit card debt, you have a lot of choices to make. Depending on how many cards you have and the amount of credit card debt, maximizing your money can be tough. Science has shown that the decisions most people make to pay down credit card debt should be
Visa card

Rush Card | Pros and cons of prepaid cards

Rush Card is one of the many pre-paid credit card options available. The Rushcard service, like most prepaid cards, has features that can make it very useful, especially for people who cannot get or do not want a regular credit card. However, before you make a decision about getting a Rush Card, it is important
Credit Cards

Small businesses relying more on credit cards

Contrary to popular belief, there is still credit for small businesses to obtain. Unfortunately, the credit they can obtain isn’t in the form of a business loan from a bank or the Small Business Administration as much anymore.  These days, more small businesses are having to rely on credit cards.  A lot of funding that
Credit card

30 percent interest for late payments at Bank of America

Just because there are new rules for how banks can raise credit card interest rates does not mean banks will not raise them. Bank of America, for instance, has been reported as raising interest rates to 30 percent for missing a single payment. The increased regulation is making some differences, but may not be as
A Bank of America ATM machine.

Prepaid benefit cards exploit the unemployed, says study

Prepaid debit cards can work well as a gift, but monthly maintenance fees, withdrawal and ATM fees can take some of the usefulness out of them. According to the National Consumer Law Center, prepaid cards may not be the best way of distributing benefits to more than 13 million unemployed in the U.S., as is
Bank of America

Bank profits tumble as new laws for credit cards start working

New regulations for credit cards on how interest rates and fees can be assessed are working. However, some loan lenders are lamenting the new rules that require greater disclosure when changing terms with customers. Outlawing guerrilla-style fee and interest raises has led Bank of America and other companies to lose value from credit card units.
Fingers crossed

Credit cards may be worse for your credit score than you think

One of the rationales behind using credit cards, or at least using them on a semi-regular basis, is that if you use them occasionally and pay the balance immediately, it boosts your credit score. That may be partially true, but it may not actually be that simple. There are ways, in fact, that credit cards
Interest Rate

U.S. Supreme Court to consider credit card notification

The U.S. Supreme court has announced that it will consider a case involving credit cards. McCoy v. Chase Manhattan Bank, USA, will be heard by the Supreme Court during its next session, which begins in October. The case is a class-action suit that alleges credit card companies cannot retroactively increase the interest rate on a
Gold VISA credit card close up

Blippy credit card info exposed to identity theft on Google

The Blippy credit card info exposed on Google is way too much information.  Blippy invites users use the social networking service to tell their friends about what they buy online. Venturebeat reported Friday that at least one person figured out how to find Blippy members’ credit card numbers on Google. A search VentureBeat calls “fairly
Fish Fork

Credit card cash advance fees go up after CARD Act passes

After the CARD Act, or the so-called Credit Card Holder Bill of Rights, passed Congress, credit card companies started to think of new ways to increase revenue. Credit card companies now are figuring out ways to legally charge more for using the credit they extend. There are greater interest rates being assessed. Late payment penalties
Cutting Shears

Personal loans rise as credit cards fall

During economic recessions, you expect people to tighten their belts and cut down on their use of credit, of any form.  It is certainly true that some tightening has happened, but it isn’t as much as you’d think.  It is instead the case that some forms of consumer credit are being used more, while others