Why are you looking for a new card?4 of 8Survey resultsLooking for a card with better rewards/perks: 29%Looking for a better interest rate: 24%Looking to transfer a balance: 10%Looking for fewer fees/better terms: 19%Unhappy with customer service: 14%Unhappy with account management features: 5%Need additional credit: 5%Don't currently have a credit card: 5%Rewards are still the primary reason people use credit cards, and reward programs may be the new battleground for card issuers looking to snag new customers. When comparing rewards programs, be sure you can meet the criteria within the time frame to make it worthwhile.<< Back to the 2010 Credit Card Guide table of contents. Related Articles:What is the best credit card?Find the best credit cardShould you transfer a balance?Plastic Rap blogRelated Links:8 benefits of new credit card lawHow to compare rewards cardsHow can I improve my credit score?Should you get a secured card?advertisement
Rewards are still the primary reason people use credit cards, and reward programs may be the new battleground for card issuers looking to snag new customers. When comparing rewards programs, be sure you can meet the criteria within the time frame to make it worthwhile.
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The Consumer Financial Protection Bureau has an eye on credit reporting issues. The agency took enforcement action against auto financer First Investors Financial Services Group Inc. Wednesday for distorting consumer credit records for years. Per the CFPB, First Investors, which lends primarily to subprime borrowers, failed to fix known flaws in a computer system that
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