Credit Cards Blog

Tuesday, March 22, 2011 1:36 pm
By Lucy Lazarony · Bankrate.com

Americans with credit card debt, payday loans and other high-cost consumer debt are more likely to have difficulty saving, according to a new national survey. About two-thirds of Americans with credit card debt reported having difficulty saving a portion of their paycheck, according to a survey by America Saves and Experian, a major credit reporting

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Monday, March 21, 2011 12:25 pm
By Lucy Lazarony · Bankrate.com

On March 18, the Federal Reserve Board approved a rule amending Regulation Z, which implements the Truth in Lending Act. This rule clarifies aspects of previous Board rules implementing the Credit Card Accountability Responsibility and Disclosure Act of 2009. This rule states “credit card applications generally cannot request a consumer’s ‘household income’ because that term is too vague to allow issuers

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Thursday, March 17, 2011 12:49 pm
By Lucy Lazarony · Bankrate.com

Two new congressional bills propose delays to upcoming caps on debit interchange fees that are scheduled to take effect in July. On March 15, a group of nine U.S. senators led by Sen. Jon Tester, D-Mont., introduced the Debit Interchange Fee Study Act. This bill would delay implementation of a proposed cap on debit interchanges

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Tuesday, March 15, 2011 10:56 am
By Lucy Lazarony · Bankrate.com

When it comes to credit cards, younger consumers want more credit. One-fifth of consumers under the age of 25 say they will open a new credit card account in 2011, according to a study by Auriemma Consulting Group, a firm based in New York that serves the financial services industry. A new federal law has

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Monday, March 14, 2011 1:38 pm
By Lucy Lazarony · Bankrate.com

A new travel rewards card promotion from Capital One will match the rewards miles that you’ve already earned with an airline credit card. For a limited time, Capital One is offering its Venture Rewards credit card with up to 100,000 free reward miles for new customers with airline rewards miles. To cash in on the

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Thursday, March 10, 2011 2:00 pm
By Leslie McFadden · Bankrate.com

On Wednesday next week, I will be hosting a live chat about rewards credit cards with Greg McBride, CFA and senior financial analyst at Bankrate.com. If you’d like to watch or ask a question, please tune in here at 1 p.m. EST, March 16. The chat will last 30 minutes. What would you like to know

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Tuesday, March 8, 2011 1:33 pm
By Lucy Lazarony · Bankrate.com

Credit card issuers are looking to woo elite travelers by dropping foreign transaction fees, dropping annual fees for the first year and rolling out hefty sign-up bonuses. Chase announced that it would no longer charge foreign currency conversion fees on the United Mileage Plus Visa and the Continental Presidential Plus card, The New York Times

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Monday, March 7, 2011 11:06 am
By Lucy Lazarony · Bankrate.com

Global card fraud is on the rise, according to an article by InformationWeek. InformationWeek reports that 29 percent of financial services customers worldwide who use credit cards or debit cards have experienced card fraud in the past five years, according to a survey conducted in December 2010. In the summer of 2009, just 18 percent

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Thursday, March 3, 2011 4:49 pm
By Leslie McFadden · Bankrate.com

Did you rack up a lot of holiday debt on your credit cards? If so, you’re not alone. The average person owed more than $4,200 in bankcard debt at the end of 2010, according to research released Wednesday from Experian, one of the three major credit-reporting agencies. On the bright side, December credit card debt

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Wednesday, March 2, 2011 2:17 pm
By Lucy Lazarony · Bankrate.com

On March 1, the Federal Reserve Board and the Federal Trade Commission proposed new regulations for meeting the credit score disclosure requirements put forth in the Dodd-Frank Wall Street Reform and Consumer Protection Act. According to this statute, credit card issuers and other lenders must disclose credit scores and related information to consumers in risk-based

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