Credit Cards Blog

Wednesday, October 27, 2010 10:02 am
By Lucy Lazarony · Bankrate.com

Say so long to hefty advance fees for debt relief help. Beginning on Oct. 27, 2010, all for-profit companies that sell debt relief services over the telephone may no longer charge a fee before they settle or reduce a customer’s credit card debt or other unsecured debt. This new rule comes courtesy of amendments to the

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Tuesday, October 26, 2010 3:10 pm
By Leslie McFadden · Bankrate.com

On Monday, the Federal Reserve Board released a new report that reveals the details of credit card marketing deals, including payments, between credit card issuers and universities or higher education-affiliated organizations, such as alumni associations or foundations. The Credit Card Accountability, Responsibility and Disclosure Act of 2009, also known as the Credit CARD Act, requires

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Thursday, October 21, 2010 12:15 pm
By Leslie McFadden · Bankrate.com

Today representatives from more than 2,500 participating banks across the nation will give credit lessons in high school and college classrooms as part of “Get Smart About Credit Day,” a program sponsored by the American Bankers Association Education Foundation. The website, getsmartaboutcredit.com, offers tips, a quiz and basic information about credit. In honor of today’s

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Tuesday, October 19, 2010 1:06 pm
By Leslie McFadden · Bankrate.com

The Federal Reserve Board proposed a new rule today that would clarify some of its final rules implementing the Credit Card Accountability, Responsibility and Disclosure Act of 2009. The landmark legislation was signed into law May 22, 2009, and rolled out in three stages. The last round of credit card provisions took effect Aug. 22,

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Wednesday, October 13, 2010 4:50 pm
By Leslie McFadden · Bankrate.com

In conjunction with survey findings on the impact of the Credit CARD Act, Consumer Reports recently published a list of the best and worst credit cards in the current marketplace. For the best cards, the magazine named seven cash-back cards, two travel cards and three low-interest/fees cards, and called out two fee-laden cards as being

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Wednesday, October 6, 2010 10:58 am
By Leslie McFadden · Bankrate.com

Citi announced yesterday that it will start a pilot program in November with programmable credit cards that allow cardholders to redeem their rewards points or dollars at the point of sale with a push of a button on their credit card. According to a press release from Citi, the “2G credit cards” will have a

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Tuesday, October 5, 2010 4:04 pm
By Leslie McFadden · Bankrate.com

Yesterday the U.S. Department of Justice, along with seven states attorneys general, filed a civil antitrust lawsuit against American Express over rules it has in place that prevent merchants that accept its cards from offering incentives to consumers for paying with cards that have lower processing fees. The DOJ also said that it had reached

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Thursday, September 30, 2010 3:58 pm
By Leslie McFadden · Bankrate.com

With the holidays fast approaching, it’s time to start thinking about how you’ll pay for all those presents. Luckily, one source of funds may already be in your wallet. Here’s a quick tip on using your credit cards to save money on gifts. If you have cash-back or rewards credit cards, check the rewards summary on your

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Monday, September 27, 2010 4:50 pm
By Leslie McFadden · Bankrate.com

Starting today, for-profit firms that sell debt relief services to consumers over the phone, such as credit counseling, debt settlement or debt negotiation, must comply with new provisions in the Telemarketing Sales Rule, or TSR. Three amendments to the TSR taking effect Sept. 27, 2010, will: Require debt relief companies to make specific disclosures to

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Friday, September 24, 2010 11:12 am
By Leslie McFadden · Bankrate.com

Visa has joined MasterCard in a pilot program in New York that lets consumers pay for subway fare by tapping their credit card or smart phone at the turnstile, Reuters reported earlier this week. A separate test involving contactless transit payments in Los Angeles began this month. “In New York, Visa is allowing riders to pay using Visa

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