Credit Card News
As the prepaid card market proliferates, the Consumer Financial Protection Bureau is stepping in to develop standards and protections for prepaid cards, which so far haven`t been subject to the same regulations as other cards.
American Express Plants Prepaid Card Crops in Farmville
Posted on May 23, 2012
In its continued domination of social media, American Express has launched a prepaid card with a virtual rewards program for fans of Farmville, the social network-based game that took Facebook by storm back in 2009.
Credit Cards Key to Wedding Day Dreams
Posted on May 22, 2012
New statistics report that the average cost of a wedding in America last year was more than $27,000, but with savvy use of credit cards, brides and grooms can ease the burden of planning (and paying for) their big day.
Defaults Down, Credit Card Use Up, Promotions Hold Steady
Posted on May 21, 2012
Credit bureaus report that credit card issuance is up, including to subprime borrowers, while on-time payments are also increasing, defaults are low, and interest rates and promotional offers are holding steady.
What Recession? Americans on a Spending Spree
Posted on May 20, 2012
In spite of a soft economy still in recovery from recession, Americans are spending like it`s going out of style on things like movies and ski vacations, and buying gifts like jewelry, flowers, and electronics.
Small Biz Owners Underutilizing Credit
Posted on May 19, 2012
A survey of small business owners by Bank of America finds that most of them don`t feel they are competent to handle their own finances and aren`t using credit to their best advantage, yet they still feel confident in their business prospects.
Ann Romney: Credit Card Application Denied?
Posted on May 18, 2012
The attention focused on presidential candidate Mitt Romney`s wife Ann, accused by a key Democratic strategist of having never ''worked a day in her life,'' has sparked renewed interest in whether provisions in the CARD act would prevent Ann Romney from being approved for a credit card.
Small Businesses Take Off With CitiBusiness AAdvantage World MasterCard.
Posted on May 17, 2012
A new credit card from CitiBusiness and American Airlines offers small business owners great rewards on travel, no annual fee for the first year, and other great perks.
American Express Tells Cardmembers Where to Go
Posted on May 16, 2012
American Express continues to be at the forefront of the social media scene, this week announcing a new feature called ''My Offers'' on their iPhone App, which will target the best deals for American Express cardholders.
American Express Fully On Board with Isis Mobile
Posted on May 15, 2012
Isis Mobile Wallet adds more cards to its lineup with American Express`s announcement that they will make their cards available to the wireless wallet collaboration between AT&T, T-Mobile, and Verizon Wireless.
Visa Easy Payment Service Lets Cardholders Swipe and Dash
Posted on May 14, 2012
Visa is raising the limit on its Easy Payment Service, allowing customers to make purchases up to $50 without signing anything or entering a PIN - is this a good thing?
Credit Card Use More Rewarding Than Ever Before
Posted on May 13, 2012
A new research report confirms that rewards cards are more popular today than ever, with many consumers choosing which credit card to use based only on the rewards they will get.
Will the Real Top No-Annual-Fee Credit Card Please Stand Up?
Posted on May 12, 2012
Every website seems to have their own rating system for credit cards, and each claims to offer the best card in each category. The latest top no-annual-fee card choice from TopConsumerReviews.com, however, doesn`t look like much of a winner.
Prepaid Card Showdown as American Express Adds to its Arsenal
Posted on May 11, 2012
Another prepaid card enters the market, this one from American Express and aimed at college students, who can benefit from having a card that protects them from debts and overdrafts.
Chase Goes Liquid With New Prepaid Card
Posted on May 10, 2012
In a bid to recoup recent losses from government restrictions on fees, Chase Bank is launching a new prepaid card, the reloadable Chase Liquid card, which they tout as a low-cost alternative to a checking account.
MasterCard PayPass Enters Virtual Wallet Arena
Posted on May 09, 2012
At the CTIA Wireless conference, going on now, MasterCard announces their own virtual wallet solution, PayPass Wallet, which joins the field next to Google Wallet, PayPal, and other virtual payment systems.
Small Business Getting a Million-Dollar Boost from Chase and LivingSocial
Posted on May 08, 2012
New credit card partners Chase and Living Social talk a lot about supporting small business; now they`re putting their money where their mouth is, launching a contest that will give away between one and three million dollars in grant money to small businesses.
May the Cutest Credit Card Win
Posted on May 07, 2012
The International Card Manufacturers Association (ICMA) honors the most innovative, inventive, and well-designed plastic cards in the industry with their Élan Awards, which were announced in April at the ICMA Expo in Miami. Credit-Land.com takes a look at this year`s prettiest plastic.
Transition Time for HSBC Customers as Capital One Finalizes Purchase
Posted on May 06, 2012
The acquisition of HSBC by Capital One was completed this week; Credit-Land.com provides analysis of what customers of HSBC, Orchard, and Capital One can expect since the finalization of this multi-billion dollar deal.
Soaring Credit Scores Point to Economic Recovery
Posted on May 05, 2012
More Americans are seeing their credit scores climb, as FICO scores between 800 and 850 hit the highest point they`ve seen since the recession.
Citi Puts it All Together, Lets Cardholders Combine Rewards
Posted on May 04, 2012
Citibank just announced that they will begin allowing small business owners to combine ThankYou Points from their business and personal accounts through a new program called Citi ThankYouŽ Rewards for Small Business, helping cardholders rack up reward points faster.
LivingSocial Users Can Chase Rewards With New Visa Card
Posted on May 03, 2012
LivingSocial and Chase are preparing to debut the LivingSocial Rewards Visa Card, which will give LivingSocial users the opportunity to earn rewards and get access to special perks and exclusive offers.
Credit CARD Act Lacks Teeth; Students Still Preyed Upon
Posted on May 02, 2012
A new survey shows that certain provisions in the Credit CARD Act of 2009 meant to protect students from credit card marketing may not be having the intended effect, as credit cards continue to be offered to students with no income.
Prepaid Card Customers Trade Privacy for Rewards in Western Union Plan
Posted on May 01, 2012
Attempting to cash in by collecting information about customers` buying habits, Western Union gears up to offer rewards on their popular prepaid cards - but will customers pay for those rewards with their privacy?
Delta SkyMiles Takes Travelers` Top Prize
Posted on April 30, 2012
The Freddie Awards, which honor the best travel loyalty programs in the industry, have just given top honors to the Delta SkyMiles card from American Express. The card took first place in the "Best Loyalty Credit Card" category, coming as a surprise to industry insiders.
Online Commerce Skyrockets in Spite of Security Concerns
Posted on April 29, 2012
Credit card purchases were 12.1 percent higher in 2011 than in 2010, probably due to increasing online and mobile shopping in "card not present" transactions. Despite lingering concerns about security and online fraud, more and more consumers make purchases online as business evolves from the concrete to the virtual realm.
Slick Criminals Sell Stolen Credit Card Data Online
Posted on April 28, 2012
The FBI, in conjunction with the US Department of Justice and SOCA, has shut down 36 websites that were selling stolen credit card information. The websites offered cyber criminals an easy way to sell stolen data to fellow fraudsters.
No Forgiveness for Credit Card Companies, Say Consumers
Posted on April 27, 2012
In a list of merchants and retailers, credit card companies come in last when customers are asked which ones they`re most likely to forgive. Parcel delivery, grocery stores, etc. come in higher.
Secret Swipe Fees Siphon Gas Station Profits
Posted on April 25, 2012
In a continuation of the blame-game over high gas prices, the Merchants Payment Coalition continues to insist that interchange fees from banks and credit card issuers are draining their profits and killing their industry.
Phony Website Imagines a Crowdsourced Bank of America
Posted on April 24, 2012
The Occupy Wall Street movement may no longer be in the headlines, but "the 99 percent" are still chugging along, holding big banks feet to the fire. Bank of America is the latest victim of scrutiny as a new parody website takes aim at their policies and practices.
Experts Predict Cash and Credit Cards to be Extinct by 2020
Posted on April 23, 2012
A study released this week by The Pew Internet Project and Elon University found that 65 percent of industry experts and Internet stakeholders believe that in less than ten years, cash and credit cards will be virtually extinct as mobile technology wipes out traditional payment methods.
MasterCard Mobile Technology Moving Miles Ahead
Posted on April 22, 2012
Since their first foray into the mobile app market in 2010, MasterCard has developed a host of apps that give card holders multiple innovative ways to pay for purchases. As MasterCard prepares to showcase some of their newest developments at the CTIA Wireless Show in New Orleans, Credit-Land recaps their progress.
Consumer Financial Protection Bureau May Okay Uncapped Fees
Posted on April 21, 2012
A loophole in the Credit CARD Act of 2009 that was meant to protect credit card holders from so-called "fee harvesting" is set to remain open as the Consumer Financial Protection Bureau proposes allowing banks to charge unlimited customer fees under certain circumstances.
Urgent Travel Warning on New Controversial Fees
Posted on April 20, 2012
A new tool for merchants to implement the Dynamic Currency Conversion fee raises the issue of whether or not the fee is fair to consumers. Is it an innovative revenue stream for merchants and a convenience to tourists, or a rip-off scheme?
Dropping Default Data May Mean Decreasing Debt
Posted on April 19, 2012
In the first quarter of 2012, default rates dropped on all consumer credit accounts except for credit cards, which rose only slightly and are still near recent low rates. State by state, we analyze default rates and what they might mean.
MasterCard Prepares to Storm Social Media with Daily Deals
Posted on April 18, 2012
Chicago daily deal syndicate Local Offer Network has partnered with MasterCard to form MasterCard Offers Services, which will offer promotions and products via mobile phones and social media as well as "traditional shopping channels."
Secure Transactions ''Pushed'' Using New Anti-Fraud Technology
Posted on April 17, 2012
Recent data breaches have caused credit card holders to worry about the safety of their personal information and the possibility of fraudulent charges to their accounts, but new software from South Africa`s Entersekt may ease concerns by alerting cardholders every time a purchase is charged to their Visa or MasterCard.
Seven Lawsuits for Seven Banks as Hawaii Cracks Down on Unauthorized Charges
Posted on April 16, 2012
The Attorney General of Hawaii has filed suit against them seven different banks and credit card companies, accusing them of slapping customers with unauthorized charges and raking in profits from services they never provided.
Nokia Nudges MasterCard Mobility
Posted on April 15, 2012
Nokia`s new Lumia NFC phone gives people the ability to make payments with just a tap on a terminal, using MasterCard`s PayPass technology.
American Express Card Members Get Elite Access at TriBeCa
Posted on April 14, 2012
With the TriBeCa Film Festival fast approaching, festival partner American Express announces perks for card holders attending the festival, including more social media tie-ins with Twitter, Foursquare, and Facebook.
MasterCard Bites Back as Credit Cards Accused of Hiking Gas Prices
Posted on April 13, 2012
With gas prices still rising across the nation, the blame game is in full swing and credit card companies are the latest to have the finger pointed their way. Are credit cards really to blame for high fuel prices?
American Express and Foursquare Venture Grows Strong
Posted on April 12, 2012
Last June we announced a new deal between Foursquare and American Express that would allow Amex cardholders to save money at major retailers including H&M, Sports Authority, and certain New York City restaurants like Shake Shack and Gramercy Tavern (Foursquare is based in New York). Nearly a year later, where is the partnership? Did people jump on the social media/credit card partnership bandwagon?
Ace Rewards Visa Turns an iPhone into a Credit Card, Instantly
Posted on April 11, 2012
A new app from Ace Hardware turns an iPhone into a credit card when customers apply for an instant-approval Ace Rewards Visa card and receive a secure virtual credit card via iPhone.
Discover Card Adds Partners, Gives Greater Reward Redemption Opportunities
Posted on April 10, 2012
Discover card has added new reward opportunities to their popular Cashback Bonus program, including new redemption partners and opportunities.
Soaring Student Loan Debt Inspires New Debit and Credit Card Marketing Strategies
Posted on April 09, 2012
The newly announced SmarterBank Visa debit card promises to help people pay down their student loans, but can encouraging students to spend money really help them pay off debt?
Prime Time for the Sub-Prime as Lenders Court New Customers
Posted on April 08, 2012
The segment of the population known as "sub-prime" may be having their prime time as lenders scramble to acquire new customers. Equifax reports that due to eager lenders, even people with less-than-ideal credit history are being approved for new lines of credit.
Use It or Lose It, New Jersey Tells Gift Card Recipients
Posted on April 07, 2012
Faced with a budget shortfall, New Jersey makes a bid to nab the unused balance on that gift card you were saving for a rainy day.
Marriott Facebook Promotion Promises Points, Marriott Card Delivers Them
Posted on April 06, 2012
As more and more credit card companies utilize social media to engage customers, Marriott is running a contest on its Facebook page, hoping to lure people with the chance to win 75,000 Marriott Rewards points, which can be traded for a free hotel stay. What are 75,000 points really worth, and how else can travelers score benefits with Marriott?
Will Big Banks` Green Initiatives Court Customer Confidence?
Posted on April 05, 2012
Bank of America was just handed another accolade for its environmentally-friendly initiatives, but they still sit at the bottom when it come to customer satisfaction. Do things like industry awards and so-called "green" efforts make a difference when it comes to customer retention and fulfillment, or do banks and credit card companies need to do more in order to satisfy their customers?
American Airlines Rises Above Takeover Rumors, Introduces New Rewards
Posted on April 04, 2012
American Airlines and Citi are offering seven brand new benefits with their Cit/AAdvantage card, available this week. They claim their newest perks will give cardholders greater value and convenience when traveling by air, as well as new opportunities to earn rewards.
Discover® Card
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Credit Cards eZine
Secrets Your Credit Card Issuer is Keeping From You
There are some things that your credit card company doesn`t want you know, because if you as the consumer become aware of your power, you will be less likely to pay high fees and interest rates. Here a few things that credit card company doesn`t want you to know:
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Top Credit Card Mistakes to Avoid
A credit card is a horrible thing to waste. Sadly, people do it everyday by misusing their credit cards. Misusing your credit card can have a negative affect on your credit card score and can affect your ability to get low-interest credit cards in addition to low interest mortgages and auto loans. Your credit card doesn`t come with a manual, so there are some things that you should be thinking about when making purchases with your credit card, so you don`t hurt your credit score. Here are some credit card mistakes to avoid:
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Essential facts about a student credit guide
The student credit guide enables the students to understand the true significance and hazards involved behind possessing a student credit card. There are plenty of new credit cards available for students these days. Many well known financial institutions have come up with a student credit card facility, and thus they provide some benefits over to the students through this credit card.
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