Credit Cards Blog

Monday, February 27, 2012 4:30 pm
By Janna Herron · Bankrate.com

Another mobile wallet is on its way, and it may offer more options than the one made by that certain search engine giant. Isis, a venture among Verizon Wireless, AT&T and T-Mobile, said Monday consumers will be able to load their prepaid, debit and credit cards from Chase, Capital One and Barclaycard onto their cellphones

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Thursday, February 23, 2012 4:38 pm
By Janna Herron · Bankrate.com

American Express cardholders charged more on their credit cards last year than those with MasterCards, the first time that’s happened since the 1960s. The figures released Wednesday by The Nilson Report showed that consumers spent $540 billion on their American Express cards in 2011, up 13.4 percent from the previous year. That was enough to

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Wednesday, February 22, 2012 5:03 pm
By Janna Herron · Bankrate.com

Not-so-good credit? No problem, the banks said last year. Here’s a credit card. All right, maybe it wasn’t that easy, but more Americans with spotty credit got a credit card in 2011, according to a report released Wednesday by TransUnion. The credit reporting agency found that 25.2 percent of the cards issued in 2011 went

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Tuesday, February 21, 2012 3:25 pm
By Janna Herron · Bankrate.com

Floridians have taken credit card debt to task in the last year. Five cities in the Sunshine State posted the 10 largest reductions in credit card debt in the fourth quarter of last year from the same period the previous year, according to a report released Tuesday from credit scoring bureau Equifax. Residents of Port

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Friday, February 17, 2012 3:00 pm
By Janna Herron · Bankrate.com

The federal consumer watchdog agency is setting its sights on consumer reporting companies. The Consumer Financial Protection Bureau on Thursday proposed to oversee the largest consumer reporting companies (along with debt collection firms) under its nonbank supervision program. It’s unclear whether the proposal includes credit scoring firms such as FICO or VantageScore, and the CFPB

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Thursday, February 16, 2012 4:11 pm
By Janna Herron · Bankrate.com

If we water down the stats from two recent reports, a New Jerseyan of the Greatest Generation (66 years or older) will have the highest credit score around. Using this same simple math, a Generation Yer from Mississippi would have the lowest. Of course, that’s oversimplifying two reports released this week. The first one is

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Wednesday, February 15, 2012 4:03 pm
By Janna Herron · Bankrate.com

Looks like Americans are working on their New Year’s resolutions to pay down holiday credit card debt. A report from CreditKarma.com on Wednesday showed that the average U.S. consumer trimmed their credit card debt by 8 percent to $6,069 in January from December. Average credit card balances fell in every state except Wisconsin, where it

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Tuesday, February 14, 2012 4:36 pm
By Janna Herron · Bankrate.com

It looks like this Valentine’s Day will be a bit less lovey-dovey than last year’s, according to a survey last week from Visa. Americans plan to spend $117 on their sweethearts this year, down 3 percent from $121 in 2011. And ladies, the gentlemen are the ones ponying up the most. Men said they will

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Monday, February 13, 2012 4:47 pm
By Janna Herron · Bankrate.com

Got some unused gift cards left over from the holidays, but don’t think you’ll use them? (About 5 percent to 7 percent of gift cards go unredeemed every year, according to Plastic Jungle.) Now you can turn them into airline miles. United Continental on Monday unveiled its MileagePlus Gift Card Exhange that allows memebers of the

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Friday, February 10, 2012 4:47 pm
By Janna Herron · Bankrate.com

There’s been some confusion about how the Internal Revenue Service views rewards points. The uproar started when some Citi customers received a 1099-MISC tax form from the bank for the reward miles they got after signing up for a new checking or savings account. The bonus rewards were part of a promotion by Citi. (Tax

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