Credit Cards Blog

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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Monday, January 24, 2011 2:09 pm
By Lucy Lazarony · Bankrate.com

Americans chipped away at credit card debt in 2010. According to a study by Credit Karma, from January to December, consumer credit card debt dropped by 8 percent nationally to $7,404. And folks in eight states slashed card debt by more than the 8 percent national decline. Consumers in California, Colorado, Connecticut, Indiana, Oklahoma and

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Thursday, January 20, 2011 3:28 pm
By Lucy Lazarony · Bankrate.com

Citibank is adding a new rewards credit card to its smart card pilot. The Citi ThankYou Prestige 2G Card pilot card gives customers the option of redeeming reward points with the push of a button at the time of checkout. Each Citi ThankYou Prestige 2G card features two buttons on the front of the card.

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Wednesday, January 19, 2011 1:42 pm
By Lucy Lazarony · Bankrate.com

To speed up tax refunds, the U.S. Department of Treasury is offering 600,000 prepaid debit cards to families who may not have a bank account. Letters inviting taxpayers to activate and use MyAccountCard prepaid Visa debit cards for their 2010 federal tax refunds are being mailed this week, according to a press release from the

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Tuesday, January 18, 2011 4:48 pm
By Lucy Lazarony · Bankrate.com

Despite new restrictions imposed by the Credit Card Accountability, Responsibility and Disclosure Act, college students continue to receive credit card offers, according to an article in The Wall Street Journal. The Journal cited a study by professor Jim Hawkins at the University of Houston Law Center that surveyed more than 300 college students in November.

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Thursday, January 13, 2011 1:55 pm
By Lucy Lazarony · Bankrate.com

New consumer credit decision notices are on the way. Starting Jan. 1, new rules from the Federal Reserve and the Federal Trade Commission require lenders to provide new credit information to credit card customers and other borrowers of consumer credit. For help in understanding these new notices, the Federal Reserve is providing consumers with a

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