Credit Cards Blog

Thursday, May 27, 2010 3:20 pm
By Leslie McFadden · Bankrate.com

Yesterday, the Consumer Credit Counseling Service of Greater Atlanta, which has renamed itself CredAbility, released a new quarterly index that measures the financial health of the average American over time. The index uses a 100-point scale where anything below 70 indicates financial distress. The methodology is proprietary, but CredAbility uses data from public and government

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Thursday, May 20, 2010 12:18 pm
By Leslie McFadden · Bankrate.com

Yesterday the Senate rejected a proposed amendment to the financial reform bill before Congress that would have imposed states’ usury limits on national banks that issue credit cards. Currently, a combination of laws makes credit card interest rate caps null and void. Federally-chartered credit unions have a usury cap of 18 percent for credit cards.

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Tuesday, May 18, 2010 4:54 pm
By Ellen Cannon · Bankrate.com

Beginning June 1, the Travelocity Rewards American Express card, issued by Barclaycard US, will be open for business. We’ve already completed our credit card rewards survey — which will be published on June 7 — so this card won’t make it. But its features are worth pointing out. First, it has a $39 annual fee. If

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Monday, May 17, 2010 1:50 pm
By Leslie McFadden · Bankrate.com

Fewer consumers are paying their credit card bills late, and balances across the nation are shrinking. The national credit card delinquency rate decreased in the first quarter and credit card debt declined for the fourth consecutive quarter, according to trend data from TransUnion. The ratio of borrowers that were at least 90 days behind with their

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Thursday, May 13, 2010 1:52 pm
By Leslie McFadden · Bankrate.com

The developer of the FICO credit score got some unwelcome news in its lawsuit against a competitor this week. FICO lost yet another legal round in its four-year fight against VantageScore Solutions LLC and the credit reporting agencies. VantageScore is a scoring model developed jointly by the three major credit reporting agencies. FICO sued VantageScore Solutions and

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Monday, May 10, 2010 2:49 pm
By Leslie McFadden · Bankrate.com

Have you been seeing a taller stack of credit card offers in your mailbox lately? That might be because issuers have started to send out more offers, following a year of pullback. A new study from Synovate, a global marketing research company, shows that issuers sent 481.3 million offers in the first quarter of 2010,

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Tags: annual fee
Thursday, May 6, 2010 3:59 pm
By Leslie McFadden · Bankrate.com

Would you let a company monitor your debit or credit card purchases so it could send you relevant shopping discounts? That’s the aim of a new service called Offermatic.

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Thursday, May 6, 2010 12:23 pm
By Leslie McFadden · Bankrate.com

Which credit card issuer best protects its customers from identity fraud? Javelin Strategy & Research ranked the top 26 credit card issuers on security criteria and named an overall champ as well as winners in the categories of fraud prevention, detection and resolution.

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Monday, May 3, 2010 3:21 pm
By Leslie McFadden · Bankrate.com

Last week, I listened to a Webinar on the new gift card rules that take effect on Aug. 22 under the Credit CARD Act of 2009. Consumers can expect mostly positive changes in terms of fees and disclosures.

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Thursday, April 29, 2010 1:03 pm
By Leslie McFadden · Bankrate.com

Washington has taken aim at the debt settlement industry. On Wednesday, U.S. Senators Chuck Schumer, D-N.Y., and Claire McCaskill, D-Mo., introduced the “Debt Settlement Consumer Protection Act,” which would limit the fees that debt settlement firms can charge and mandate written disclosures before services are performed, including the right to cancel for a full refund.

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