Credit Cards Blog

Tuesday, February 15, 2011 3:22 pm
By Lucy Lazarony · Bankrate.com

When it comes to consumer credit card debt, some cities and states have been hit much harder than others. A study from Equifax, a national credit reporting agency, reveals that the top 50 metropolitan statistical areas with the heaviest credit card debt burdens are clustered in six states: California, Texas, Florida, Ohio, North Carolina and

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Monday, February 14, 2011 2:15 pm
By Lucy Lazarony · Bankrate.com

Are you being honest with your spouse about your spending and your credit cards? A nationwide survey conducted by CESI Debt Solutions, a nonprofit organization dedicated to debt-free living, found that 80 percent of married couples spent secret money and more than 18 percent had a secret credit card. Does your significant other know about

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Thursday, February 10, 2011 2:57 pm
By Leslie McFadden · Bankrate.com

Carry a balance on your credit card? Some issuers are marketing new credit cards that offer rewards for paying down debt, Smartmoney.com reports. The article “Can Credit Cards Help You Manage Money?” highlights several cards that reward good payment behavior. Bonus for paying some, not all of the debt: TD Bank’s TD Payment Plus Credit Card

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Wednesday, February 9, 2011 4:00 pm
By Lucy Lazarony · Bankrate.com

Many Americans rang in the holidays by charging away on their credit cards. In December, credit card balances increased for the first time in more than two years, according to the Federal Reserve Consumer Credit Report. The report, released on Feb. 7, shows that revolving credit, which is mostly credit cards, increased $2.3 billion to

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Tuesday, February 8, 2011 3:07 pm
By Lucy Lazarony · Bankrate.com

Do you earn rewards each time you pay with a debit card? Better brace yourself for some changes. Cuts may be on the way to your bank’s debit card rewards program. A proposed cap on debit card interchange fees would seriously slash fee income for banks.  And card industry analysts expect banks to curb or

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Thursday, February 3, 2011 10:02 am
By Lucy Lazarony · Bankrate.com

Interest rates on credit cards increased and card fees were mixed in 2010, according to a new credit card survey from Consumer Action, a consumer advocacy group based in San Francisco. The average variable interest rate on credit cards increased from 13.2 percent in 2009 to 15.06 percent in 2010, according to the survey. “Issuers

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Wednesday, February 2, 2011 11:50 am
By Lucy Lazarony · Bankrate.com

Feeling weighted down by credit card debt? These debt relief options can help. Transfer card balances. Having trouble making headway with your credit card debt because of high interest rates and hefty monthly finance charges? Consider transferring your card balances to a new card with a rock-bottom rate for balance transfers. Balance transfer card offers with

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Monday, January 31, 2011 2:52 pm
By Leslie McFadden · Bankrate.com

Until very recently, paying your rent on time didn’t help you build or establish credit. The reason: positive rental payment data didn’t show up on your credit reports. This month, however, Experian, one of the three major credit-reporting agencies, announced that it is has begun incorporating positive rental payment history into its consumer credit files. Experian

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Wednesday, January 26, 2011 10:20 am
By Lucy Lazarony · Bankrate.com

Credit card issuers are using rewards to entice new customers. Credit card mailings are up dramatically in large part due to credit card offers promoting rewards programs, according to a recent study by Mintel Comperemedia, a marketing research firm based in Chicago. American consumers received about 1.2 billion offers for new credit cards in the

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Tuesday, January 25, 2011 1:21 pm
By Lucy Lazarony · Bankrate.com

Some major credit card issuers are eliminating penalty interest rates and easing off some credit card fees, according to a Jan. 22 article in The Wall Street Journal. Bank of America, Wells Fargo and Huntington Bank have stopped charging penalty interest rates on customers who pay late on their credit card bills. And Bank of

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