The banks have lost the swipe fee battle, and soon it’s expected that every time a debit card is used, the store where that card is swiped will collect a little more money, and the institution issuing that card will collect a …
credit cards
6 Ways To Make Your Travel Rewards Go Further
The only thing better than a relaxing getaway is a relaxing getaway you don’t have to pay for. But sometimes chasing those freebies can cost you more than if you just ponied up in the first place. Recently, we took a look at the …
Could Your Credit Card Be Sold?
London-based HSBC Holdings PLC is reportedly trying to sell its U.S. credit card portfolio to focus more on emerging markets. The company isn’t having much luck so far, in part because it’s a big issuer of retail-branded credit cards in the U.S. These cards tend to be accessible to people who have lower credit scores and are more likely …
The Coming Wave of Non-Credit Cards
We predicted that more major financial institutions would launch prepaid debit cards in response to the combination of increased regulation and a ballooning number of people who can’t get a credit or debit card. American Express …
Billion-Dollar Swipe Fee Battle Inches Toward Senate
Senator Jon Tester, the Montana Democrat who kicked off a flurry of lobbying from retailers and bankers when he sponsored legislation to delay the implementation of a reform on debit interchange or “swipe” fees, took to the Senate floor along with his co-sponsors today to present a proposal.
The Mounting War Over 32 Cents
How the Recession Changed Young People’s Attitudes About Money
Everyone knows someone who grew up during the Great Depression, and as a result, eats green beans out of the can and sews up holes in socks.
Who You Calling a Deadbeat?
Turns out that all mortgage defaulters are not created equal.
Credit CARD Act Turns Two: Are Consumers Better Off?
It's been two years since Congress passed credit card reform. Since then, it's gotten mixed reviews on how effective it is in protecting consumers.
Your debt is forgiven, but your taxes are not
Here’s a bit of unhappy news for tax season. The folks over at LowCards.com point out that even if your credit card company has forgiven the debt you owe them, there’s still a good chance you have to pay tax on the amount. That caveat is going to catch a lot of people this year since, as Steve mentioned a few weeks ago, card companies …
What’s Worse: Stingy Banks or Thrifty Consumers?
There have been a lot of people blabbing on for the past few months about the new found thriftiness of the American consumer. The savings rate is up, and credit card balances are down. Well it appears, that that later piece of news does not fit as neatly into the thriftier American thesis as it appears. A new study by CardHub found that …
Doing the Math to Wipe Out Credit Card Debt
How much does credit card debt really cost you? Most people don’t even want to think about it, let alone do the math themselves. But with the federal reserve’s free and simple credit card repayment calculator, you don’t have much of an excuse.