Credit card issuers are still marketing aggressively for new customers, which means consumers — particularly those with good credit scores — have a lot of options if they’re in the market for a new card. Cards with rewards …
credit cards
Watch Out Visa and MasterCard: PayPal Is Coming to a Brick-and-Mortar Store Near You
Products like Square and early mobile wallet innovations are already nipping at the heels of the traditional payment-processing infrastructure that merchants use every time you swipe a card to buy something at a store.
But …
This Country Just Capped Credit Card APRs: Should We?
Some people think the United States should cap the interest rates credit card companies are allowed to charge, but the prospect of maximum APRs doesn’t sit well with some lawmakers, not to mention the financial services industry. …
Are Young People Too Afraid of Debt?
Following the Great Recession many young people have become not merely respectful of debt, as we would wish; but fearful of it, which could set them back.
In November, We Racked Up $5.6 Billion More Credit Card Debt
Americans spent an unexpected $52 billion over Black Friday weekend, and now it’s becoming clear how we managed to afford this shopping spree: we charged it. New Federal Reserve data shows that consumer borrowing surged by $20.4 …
4 Tricks to Ditch That Holiday Debt
Are you stashing the credit card bills under the junk mail because you’re afraid to see how much you spent over the holidays? Surveys from USA Today and Consumer Reports reveal that we were on track to charge roughly 7% more on …
Fewer Credit Cards Have Late-Payment Penalty Rates
The good news is that the number of credit card issuers who spike cardholders’ APRs if they miss a payment has fallen pretty significantly in only a year. But (there’s always a “but”) the flip side of that development is that …
5 Tricks To Make Your New Year’s Resolutions Stick
A new year, a new batch of resolutions! Alas, these promises to ourselves rarely produce long-lasting results. (Depending on the source, nearly nine in 10 resolutions don’t take.) Worse, failed resolutions could be harmful if …
Ouch — Average Credit Card APR Now Tops 15 Percent
We’ve started 2012 on a troubling financial note: credit card interest rates are hovering near record highs.
4 Ways to Start Your Kids with Credit
Most parents with heavy credit card debt want their kids to avoid the same mistake. But they are not sure how to coach them and, according to a new survey, would love for credit card management to be a required class in high school.
5 Credit Card New Year’s Resolutions
It’s time for New Year’s resolutions: Along with promises to yourself about cutting out the reality TV and hitting the gym more often, there are also some financial goals you should set for 2012. Specifically, there are some …
Hacker Is Selling Your Personal Data Online — Cheap!
Did you know there’s a virtual online marketplace where hackers gather to buy and sell the fruits of their criminal labors? Think of Amazon or eBay — except the items customers put into their virtual shopping carts are stolen credit card numbers rather than audiobooks or dusty collectibles. If this sounds infuriating, just wait until …
