Credit Cards Blog

Tuesday, May 31, 2011 10:56 am
By Marcie Geffner · Bankrate.com

Would you like a mortgage with your credit card? The combination of the two consumer financial products in one business isn’t new, but the forthcoming team-up of the Discover Card and LendingTree Loans is. Riverwoods, Ill.-based Discover Financial Services, one of the larger U.S. credit card companies, has announced plans to acquire Home Loan Center,

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Thursday, May 26, 2011 3:20 pm
By Martha C. White · Bankrate.com

One of the requirements of the Credit Card Act implemented two years ago was that issuers of credit cards had to include a resource for customers who had trouble managing their finances. The National Foundation for Credit Counseling provided a toll-free number to be printed on credit card statements, which consumers can call to find

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Tuesday, May 24, 2011 1:00 pm
By Martha C. White · Bankrate.com

A local newspaper out of California reports yet another instance of thieves stealing credit card numbers by attaching a skimmer — a device that records credit card data — to gas pumps. Unsuspecting customers would swipe their credit or debit card, only to have the information recorded so it could be used to commit fraud.

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Thursday, May 19, 2011 3:12 pm
By Martha C. White · Bankrate.com

Does new credit data show a light at the end of the tunnel? Recent news coming from credit rating agencies, network providers and the country’s major credit card issuers show improvements in a variety of metrics. Moody’s Investors Service reported that charge-offs – the defaulted accounts credit card issuers write off as uncollectible – dropped in March.

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Wednesday, May 18, 2011 1:47 pm
By Martha C. White · Bankrate.com

A new study released by the Pew Charitable Trusts’ Pew Health Group found that credit card issuers are pitching business credit cards to ordinary consumers, a situation that leaves consumers vulnerable to predatory practices. The Credit CARD Act passed two years ago categorically excluded business credit cards, which means that actions like hair-trigger penalty APR

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Tuesday, May 17, 2011 2:48 pm
By Martha C. White · Bankrate.com

Do credit bureaus have a two-tiered customer service system for helping customers resolve credit report disputes, in which wealthy or well-connected consumers get prompt, preferential treatment while the majority of us get shunted to some automated system processed by a far-off subcontractor? The three bureaus all deny this, but the New York Times’ Sunday edition

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Monday, May 16, 2011 2:07 pm
By Martha C. White · Bankrate.com

Credit card-reform legislation known as the Credit CARD Act turns two years old this month, so the Pew Charitable Trusts’ Pew Health Group conducted a study to find out how well the Act did at reforming credit card abuses and curbing fees and rate hikes. The Safe Credit Card Project issued a two-page report determining

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Thursday, May 12, 2011 3:09 pm
By Martha C. White · Bankrate.com

Turns out there is some truth about people engaging in “retail therapy” to perk themselves up after a bad day. Researchers at Cornell University and the London School of Business conducted a study that shows people splurge to cheer themselves up, and are more likely to use credit cards to finance this behavior. The study’s authors created an

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Tuesday, May 10, 2011 4:43 pm
By Martha C. White · Bankrate.com

The National Consumer Law Center today released the results of a study it conducted on prepaid cards issued in 40 states to recipients of unemployment benefits. The study found that jobless Americans are at risk of having their meager benefit payments diminished by a bevy of poorly-communicated conditions that lead to the accrual of fees, some

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Monday, May 9, 2011 1:23 pm
By Leslie McFadden · Bankrate.com

You may know your own credit score, but did you know that current regulations and recent trends in the financial industry are changing the way your score is viewed, disclosed and even computed? For instance, new risk-based pricing rules that took effect Jan. 1 require lenders to provide certain disclosures to consumers when they apply for

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