Credit Cards Blog

Monday, December 19, 2011 4:58 pm
By Janna Herron · Bankrate.com

Are Americans charging Christmas more this year? Two recent reports suggest so. Last week, Discover Financial Services said sales volume and the total number of transactions rose in its fiscal fourth quarter. The period ended Nov. 30, capturing the beginning of the holiday shopping rush. Executives at the credit card issuer didn’t attribute the increase

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Friday, December 16, 2011 2:00 pm
By Janna Herron · Bankrate.com

Now here’s a head scratcher. The latest numbers from consumer credit advocate CreditKarma.com released Wednesday show that total consumer debt (credit card, mortgage, auto and student loans) dipped more than a half-percent to an average of $223,379 in November from $230,841 at the beginning of this year. The result on the average credit score? A counterintuitive five-point

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Thursday, December 15, 2011 2:31 pm
By Janna Herron · Bankrate.com

There are many benefits Google Wallet provides: convenience, a lighter back pocket and better security. Wait. The jury is still out on that last one. ViaForensics, a digital forensics and security firm, on Monday released results of its security testing on the search engine giant’s virtual wallet. The results are little scary regarding credit card

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Wednesday, December 14, 2011 5:43 pm
By Janna Herron · Bankrate.com

Call it an apps-polooza. Credit card companies have ramped up their mobile app offerings since this summer, according to a report from Corporate Insight. U.S. Bank, American Express, Citi and Capital One are among the issuers offering new app services.  Here’s a rundown: U.S. Bank unveiled a mobile app for its REI Visa card, which

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Tuesday, December 13, 2011 4:46 pm
By Janna Herron · Bankrate.com

Have you ever sat at your computer, filling in your credit card info at a virtual checkout, and thought: “‘Hmm, maybe I shouldn’t send all this personal information over the Internet?’” If so, you’re not alone. A new survey commissioned by PaymentOne (executed by Javelin Strategy & Research) found that half of consumers abandoned an

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Monday, December 12, 2011 4:13 pm
By Janna Herron · Bankrate.com

From sunny Los Angeles comes a cautionary tale about the wrong way to earn credit card rewards points. The finance director of the Los Angeles Memorial Coliseum was in charge of upgrading the sound system for the video board at the taxpayer-owned arena. Instead of paying the $270,000 it would cost to buy the equipment

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Friday, December 9, 2011 3:23 pm
By Janna Herron · Bankrate.com

For the second month in a row, Americans put more on their credit cards. But let’s be honest, we didn’t go hog wild. On Wednesday, the Federal Reserve said revolving consumer credit (read: credit card debt) rose less than a half-percent to $792.3 billion in October, up from $792 billion the previous month. Of course, this uptick doesn’t

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Thursday, December 8, 2011 3:47 pm
By Janna Herron · Bankrate.com

Even without an official head, the Consumer Financial Protection Bureau is charging forward with new plans to help Americans make smarter credit card choices. The federal watchdog group on Wednesday unveiled a credit card agreement prototype that spells out in plain English a card’s terms and conditions in just 1,100 words. Want to know how

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Thursday, December 8, 2011 11:00 am
By David Domzalski · Bankrate.com

When I was 25, I finished an 18-month paydown of $20,000 in student loan debt. I committed myself to this goal, not because I was thrilled to practically endorse my paycheck over to Citibank, but because I saw the long-term impact of the decision. Debt’s effects can be felt over a lifetime. I wanted to

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Wednesday, December 7, 2011 11:00 am
By Greg McBride, CFA · Bankrate.com

In my weekly appearance with Gary Goldberg’s “Money Matters” radio program, we discussed the advantages of credit cards over debit cards for disciplined consumers. Here’s a partial transcript of my comments. Credit card rewards programs are more than twice as generous as debit rewards. And they’re growing, whereas we’ve seen a 30 percent decline in

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