Credit Cards Blog

Friday, March 2, 2012 10:22 am
By Marcie Geffner · Bankrate.com

Some financial scams never seem to die, no matter how many warnings government agencies issue to consumers. One example is payday loan collection schemes in which fraudsters call people who don’t actually owe such debts and demand immediate payment. The latest reminder to watch out for this scam comes from the Internet Crime Complaint Center,

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Thursday, March 1, 2012 4:38 pm
By Lucy Lazarony · Bankrate.com

Chase takes aim at international travelers by adding EMV chip technology to yet another travel rewards credit card. The Hyatt Credit Card, which comes with a $75 annual fee, has a traditional magnetic strip to accommodate merchants in the United States but also includes an embedded and encrypted microchip for merchants in the more than

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Wednesday, February 29, 2012 4:47 pm
By Lucy Lazarony · Bankrate.com

American Express is facing enforcement action from the Federal Deposit Insurance Corp. and possibly the Consumer Financial Protection Bureau over the way late fees were assessed on some of its charge cards, according to its annual filing with the U.S. Securities and Exchange Commission. In addition to credit cards, American Express offers charge cards that

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Tuesday, February 28, 2012 11:27 am
By Marcie Geffner · Bankrate.com

If you received an offer for a plain-vanilla credit card late last year, you weren’t alone. That’s because offers for plain-vanilla cards accounted for 30 percent of all the offers credit card companies mailed out in their efforts to acquire new customers in the fourth quarter of 2011, up from just 13 percent in the

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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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