Even after lawmakers made it harder for banks to give college kids credit cards, credit card debt is still a big problem on U.S. campuses. A new study pinpoints the simple, frustrating reason why: Students don’t know anything …
credit cards
Uh-Oh: Subprime Lending Comes Roaring Back
“Even I wouldn’t make a loan to me.” That kind of admission from a borrower ought to be a tip-off that banks shouldn’t be showering him or her with car financing and credit card offers, but lenders hungry to raise revenue are …
Occupy Wall Street Is Only Half Right About Credit Reform
Do we really want to take financial advice from a bunch of kids living in tents? Surprisingly, we just might.
First Job? 6 Critical Steps to Long-Term Security
The Class of 2012 may be surprised to hear that they need to start saving…right now. Here are 6 ways to make saving for retirement both painless and bulletproof.
Visa, MasterCard Suffered ‘Massive’ Data Breach
A security industry blog warned on Friday of a potentially “massive” data breach affecting as many as 10 million Visa and MasterCard accounts.
Credit Card Companies Offer Huge Bonuses — If You Have Stellar Credit
Credit card issuers continue to raise the stakes as they compete for customers with ultra-high credit scores, dangling sign-up incentives that can be worth more than $1,000. To get these bonuses, cardholders need to meet spending …
Solutions to 9 Puzzling Financial Frustrations
PayPal Makes a Play for Small Businesses With ‘Here’
PayPal, a division of EBay, is making a play at small merchants with the introduction of its new “Here” device, which enables small businesses to accept both PayPal account numbers and major credit cards using nothing more …
Bank Launches an Experiment in Credit-Card Democracy
What if financial services were more like American Idol, say, where you had the choice of different options and could vote for which ones sound best? It’s a weird idea, but one bank is in fact applying this model to a new credit card.
Why You Might Owe Taxes On Canceled Credit Card Debt
If you had credit card debt canceled or forgiven in the last several years, don’t be surprised if the IRS comes knocking.
You’re Probably Not Rich Enough For This Credit Card
Will that be credit, debit or 23-karat gold? For a small number of very wealthy consumers, that’s not a hypothetical question. The JPMorgan Chase Palladium card is made out of laser-etched palladium and gold. It makes even the …
How to Ask For a Higher Credit Limit
If you’re a credit card customer with an account in good standing, this is a good time to ask for a credit limit increase. After the financial crisis in 2008, issuers got very stingy with credit, cutting limits or closing …
