Credit Card News
An admitted security breach at card-processor Global Payments and a system outage on Sunday combined to make a newsworthy weekend for Visa, though they may wish they could chalk the whole thing up to an April Fool`s joke.
Foreign Travel Trends: Brazil and China Top Spenders
Posted on April 02, 2012
Visa says that cardholders are increasing their spending on international travel, bringing it almost back to pre-recession levels, with Brazilian and Chinese cardholders in particular spending a bundle on tourism in the United States.
High Fares Fuel Airsickness for Travelers
Posted on April 01, 2012
Gas station pumps are not the only place where consumers are feeling the pinch of high oil prices - with the price of jet fuel at its highest level in three years, airlines are hiking their fares to keep up with rising costs.
Credit Card Portfolios Finally Expand - Is Revolving Debt Shrinking?
Posted on March 31, 2012
Fitch Ratings says that consumers are shifting away from carrying revolving debt on their credit cards and toward using cards mainly for transactions, and projects portfolio growth for credit card companies in 2012.
Cars Take Priority over Credit Card Bills for Cash-Strapped Consumers
Posted on March 30, 2012
TransUnion has just published a study finding that consumers prioritize paying their car loan bills before their credit card bills and their credit card bills before their mortgages. What factors influence people when deciding which bills to pay first, and what is the best way to keep credit card payments manageable?
Rising Incomes Stimulate Springtime Economic Growth
Posted on March 29, 2012
A spate of statistics show that the nation continues to recover from the recession, as economic growth is up, unemployment is down, and personal income has increased. Credit-Land.com offers a survey of average APRs for consumers ready to do some celebratory spring spending.
U.S. Bank Goes Global with EMV Chip Cards
Posted on March 28, 2012
EMV chips are making headway in the US as more credit cards offer the convenient and secure technology that`s already standard in Europe, Canada, and across the globe. U.S. Bank is the latest to offer a new EMV card to globe-trotters with their Global EMV Card.
Rewards at the Ritz-Carlton Offered on a Less-Ritzy Card
Posted on March 27, 2012
Chase and Ritz Carlton announce that they will offer travelers the chance to earn Ritz Carlton hotel rewards with the Chase Preferred card, trading a $395 annual card fee for a $95 one.
Student Loan Bubble Threatens to Burst
Posted on March 26, 2012
Student loan debt is growing faster than credit card debt, with some comparing it to the "housing bubble" that helped sink America into a recession. Burdened with student loan debt and credit card debt, are students doomed to be in debt forever?
Dude, Where`s My Airline? Merging Airlines Leave Frequent Fliers Up in the Air
Posted on March 25, 2012
Rumors continue to circulate that US Airways is planning to take over American Airlines, which filed for bankruptcy in November. If this happens, what will become of their popular frequent flyer programs?
Discover Card Lets Hockey Fans Battle it Out for Tickets
Posted on March 24, 2012
As hockey fever heats up and the Stanley Cup playoffs approach, Discover Card offers one lucky fan the chance to win a prize package including airfare, a hotel stay, and tickets to a championship game.
Stars Come Out for Prepaid Cards - Are Customers Falling for Fame?
Posted on March 23, 2012
Plenty of prepaid cards boast celebrity spokespeople, but when picking a prepaid card, does it pay to be seduced by the stars? Credit-Land.com investigates whether a famous face is worth it when it comes to prepaid cards.
Business Credit Cards Boost the Small-Business Boom
Posted on March 22, 2012
As a new report brings good news for women business-owners and small businesses give a much-needed boost to our still-suffering economy, business credit cards offer rewards like cash back and business-management tools designed to draw the entrepreneurial crowd. Who offers the best rewards? Credit-Land.com investigates.
From Spy Gadgets to Phone Apps: Classic Credit Cards Are Slowly Phasing Out
Posted on March 21, 2012
As credit cards zoom into the future, with Google Wallet, EMV chips, and other new technologies marching into the market, plastic is looking like a thing of the past as new payment options abound.
Western Union Gold Card Gets a Gold Star, Outshining Prepaid Competition
Posted on March 20, 2012
Prepaid cards are in the news as the Prepaid Expo in Las Vegas wrapped up last week, handing out top honors to Western Union, while Bancorp and NetSpend crow about the success of their new prepaid partnership.
PayPal to Jump into E-Payment with Card Reader
Posted on March 19, 2012
Using technology pioneered by Jack Dorsey and Jim McKelvey of Square Inc., PayPal plans to unveil a new smart phone device and app called PayPal Here, developed with San Francisco-based design firm Fusedesign. Its main function is to allow customers to make payments using smartphones with stored credit cards, supported by major networks such as Visa, MasterCard, Discover, and American Express.
Rise in Credit Risk, First Since 2009
Posted on March 18, 2012
Despite the rise in credit risk, TransUnion reports that year-over-year, The Credit Risk Index has increased 1.7% in the Fourth Quarter of 2011.
Capital One Risks its Multi-Billion Dollar Business To Steal $200 From Matt! Really?!
Posted on March 17, 2012
Following the latest outburst in the media by consumer Matt who has brought his gripes and complaints about Capital One to receive National attention; Credit-Land.com attempts to independently review the story behind the feud and understand what went wrong, in the light of Capital One long term tenure as the largest award winning bank, with assets in United States and Worldwide.
Citi New Deal with Citgo Is Not the Best Game of Gas Cards
Posted on March 16, 2012
Citi renews its gas credit card with Citgo, but the card itself has nothing to offer in savings at the pump. This is business as usual for Citi, since majority of private label gas cards from the bank carry very little rewards in comparison with Citi`s cash back credit cards.
Discover Card Discovers International Market in Ecuador
Posted on March 15, 2012
Discover Financial Services is partnering with Diners Club Ecuador to open up for business internationally and bring their popular Cashback Bonus program to South America.
Stratfor ''Occupied'' by Anonymous Hackers
Posted on March 14, 2012
Cyber-hackers operating under the guise of "Anonymous" staged an epic-scale cyber-attack against Strategic Forecasting Inc. (more commonly known as Stratfor), late last December. The results and scale of the attack are being revealed through an FBI investigation, and it is ghastly. The Anonymous group is responsible for at least $700,000 in credit card charges (and growing once new data surfaces) from almost 200 gigabytes of digital data on Stratfor`s internal servers. This data included included the credit card information of those on Stratfor`s newsletter.
LIBOR Scandal Reverberates across Financial Markets & Big Banks
Posted on March 13, 2012
Many of the world`s biggest banks are involved in an ongoing interest rate probe that began last summer and raised greater awareness of the consequences of LIBOR manipulation. This manipulation is the financial equivalent of point-shaving scandals in Vegas when players or companies invest thousands of dollars on a game`s result in order to throw the betting line. When improperly tampered with, this rate can throw trade amounts in the nine figures with a single percentage point difference.
Fraud: Keeping it in the Family and Phoning it In
Posted on March 12, 2012
As National Consumer Protection Week wraps up, Credit-Land.com recaps a couple of recent cases of identity theft and reminds people what they should do to protect themselves.
Disney Premier Visa Card Sprinkles Fairy Dust Rewards on Big Disney Spenders
Posted on March 11, 2012
The Disney Premier Visa credit card is ideal for folks who frequent the park, but is it worth it for those who don`t? Credit-Land.com runs a cost/benefit analysis on the Magic Kingdom`s new card.
Weekend Credit Report: Social Media Sweetens Deals as More People Clock in at New Jobs
Posted on March 10, 2012
This weekend, Credit-Land.com recaps the biggest news affecting the credit card industry - an encouraging economic report from the jobs sector, and new deals and partnerships springing from the growth of social media.
Barclaycard Teams with Apple, Offers Interest-Free Financing on New iPad
Posted on March 09, 2012
Apple unveiled their newest iPad this week, featuring a handful of improved capabilities and carrying a price tag of $499-$829 - and they are offering customers special interest-free financing in order to get their new toy into as many hands as possible.
A ''Crowdsourced'' Credit Card Aims to Capture the 99%
Posted on March 08, 2012
The newest player in the credit card field looks to attract the Occupy Wall Street crowd, as Barclaycard aims at community-minded consumers frustrated with big bank practices. Is the Barclaycard Ring MasterCard really that different from traditional cards, or is this a big-bank wolf in social-media sheep`s clothing?
Credit-Land.com Gears Up for 14th Annual National Consumer Protection Week
Posted on March 07, 2012
As cases of identity theft and fraud continue to grow in frequency, Credit-Land.com partners with the Federal Trade Commission to sponsor National Consumer Protection Week, March 4-10, 2012. During this week they will raise awareness of the crime of identity theft and teach consumers how to protect themselves.
Mobile World Congress: Credit Cards Evolve Fast; Mobile Technology Evolves Faster
Posted on March 06, 2012
At the Mobile World Conference in Barcelona last week, exciting new mobile technologies were unveiled. Credit-Land.com keeps you up to speed with the latest mobile news with this wrap-up.
War in Syria: Consumerism Tries To Survive Despite Atrocities, Sanctions, and Exploding Bombs
Posted on March 05, 2012
In Syria, US sanctions make a bad situation worse as the Syrian economy crumbles, taking along an average Syrian consumer and anyone travelling there.
Weekend Credit Report: LivingSocial Charges into the Credit World, Hyatt`s Hot New Chip
Posted on March 04, 2012
We report on a couple of exciting pieces of news in credit card land - a brand-new card tied to one of the Internet`s hottest sites, and a sophisticated security chip with new rewards for cardholders.
$5 Gas Price: Obama Slams Greedy Oil Cats and Republican ''drill, baby, drill!''
Posted on March 03, 2012
As gas and oil prices soar, with no end in sight, can Obama`s new plan stop their continued climb? In New Hampshire, Obama called on Congress to choose loyalty between American people and Oil Companies.
Let`s Shoe Dazzle the Economy Back To Spring
Posted on March 02, 2012
Although spending this year started off as sluggish as the proverbial molasses in January, according to some recently released numbers there is a glimmer of hope that consumers may be picking up their shopping habits a bit and retailers can breathe a sigh of relief.
Mitt Won`t Keep His Mitts off Credit Card Reform
Posted on March 01, 2012
What if Mitt Romney was elected President come November? Sweeping crucial primaries, including in Arizona and his hometown of Michigan has revitalized Romney chances for the Republican presidential nomination. The question remains - will it benefit American Consumer?
Credit-Land.com Study: Gas Guzzlers Ease Pump Pain with Gas Rewards Cards
Posted on February 29, 2012
Prices at the pump have risen every day, from New York to California.One thing that may take the sting out of rising gas prices is to pay at the pump with a gas-rewards credit card. Credit-Land.com looks at best gas credit cards and retailers that help you earn free gas during the month of March, 2012
From Ramen to Revelry: a Smart Student`s Guide to Spring Break Spending
Posted on February 28, 2012
Ah, spring - that fleeting time of year when trees bud, flowers bloom, and warm breezes blow. On college campuses across the country, bleary-eyed students have one thing on their minds: SPRING BREAK!
New BofA move not likely to affect consumers
Posted on February 27, 2012
Bank of America announced Friday that it will not sell its mortgage loans to government-controlled Fannie Mae after a dispute over bad loans that Fannie wants BofA to buy back. The decision has garnered criticism from many mortgage specialists, with many expressing concern for the bank`s own mortgage costs.
American express confronts enforcement actions over late fee
Posted on February 26, 2012
"FDIC is planning to take some enforcement actions on the late fees on few charge cards", says American Express. AXP, (American Express Co.) is the biggest credit card issuer, is confronting an enforcement actions by the FDIC, Federal Deposit Insurance Corp as well as probably the consumer Financial Protection Bureau on late fee the organization charged some charge card customers, AXP said on Friday in a daily filing. The consumers affected through the incorrect fee used charges card which also restrict them to hold balance.
Late fees on credit cards causes trouble at American Express
Posted on February 25, 2012
One of the leading credit card lenders in the United States, American Express, finds itself embroiled in a legal controversy over the credit card late fees levied on certain types of credit cards. The legal suit has been filed by the Consumer Financial Protection Bureau and Federal Deposit Insurance Corporation for charging late fees.
Fees for balance transfers at 24 month low
Posted on February 24, 2012
In the month of February, the balance transfer fees credit cards that offered zero percent balance transfer reduced to 2.95 percent from 3.25 percent. This is the first time that the on balance transfer offers on credit cards have dropped since the 2010 September.
Consumers may have lost billions because of CARD Act
Posted on February 23, 2012
The Credit Card Accountability, Responsibility and Disclosure Act that was implemented in phases, may not have been as useful as it was touted to be. Though the implementation of this act was supposed to bring about a radical transformation and benefit consumers, the question of whether it has actually done that still lingers. This first phase of this act was implemented on February 22, 2010 and now that it is two years since it was brought into effect, it is time to understand its implications and the results.
Capital One`s Painful Journey to ING Acquisition
Posted on February 22, 2012
This was not a smooth purchase for Capital One acquisition of the ING Groep NV`s (ING, INGA.AE) U.S. online-banking unit, nearly eight months after deal was struck, in much controversy, and allowing the Fed to test the Dodd-Frank reform for the first time.
JPMorgan Paying Back Those $38 Cups Of Coffee
Posted on February 21, 2012
J.P. Morgan Chase, one of the biggest banks in the country, will be paying out $110 million to those who are victims of overdraft transaction fees that negatively affected their accounts.
Spring break on a cash-back credit card
Posted on February 20, 2012
Round trip plane ticket to Las Vegas - $450, four-day hotel stay - $150, having the Spring Break of a lifetime isn`t priceless; in fact it can be rather expensive. With at least $65 cash-back from using a Journey Student Rewards credit card, students can cut that $199 expense down to $134, making it extremely affordable.
New bill to cap credit card interest rates
Posted on February 19, 2012
Representatives John Tierney from Massachusetts and Louise Slaughter from New York have recently declared that they have recently forwarded a new legislation that would curtail the interest rates on credit cards and cap it at a maximum of 16 percent to prevent excessive hikes in the rates of interest that have plagued customers for many years now.
Interest free balance transfer cards without processing charges are making a return
Posted on February 18, 2012
The slowdown of the economy a couple of years ago put a stop to many types of credit cards, including the ones that offer interest free balance transfers without processing fees. The implementation of the CARD Act also acted as a dampener with many credit card issuers not willing to loosen their norms and offer rich credit card deals to customers. However, with the economy showing signs of improvements and banks wanting to increase their market share, zero interest balance free credit cards are foraying into the market again, giving an opportunity for those with high credit card debts to clear them off without worrying about the interest.
Great demand for credit cards offering cash back rewards
Posted on February 17, 2012
The card rewards programs being offered on debit cards may be fizzling out due to the recent changes being introduced and implemented, but the credit card industry seems to be going strong despite the numerous challenges, as per the details of one of the most recent studies conducted.
United States Bank Ranked High in Overall Client Experience in Crucial Research of Credit Card Sites
Posted on February 16, 2012
United States Bank ranked high in overall client experience in significant research of credit card sites. Credits cards are like an investment in the stock market. When you use credit cards then you should always use it with care.
Credit Card Complaints Gets The Attention Of The Banking Industry
Posted on February 15, 2012
After President Barack Obama appointed Richard Cordray as the director of CFPB or Consumer Financial Protection Bureau, the investigation has been ramped up and they are trying to look at complaints from American citizens with regard to their credit card issuers. An MOU between the FTC or Federal Trade Commission and CFPB was released, regarding the manner in which the two government bodies will try to collaborate on issues such as rule making, conflict resolution, and prosecution between borrowers and financial institutions.
Balance transfers are making a comeback
Posted on February 14, 2012
Balance transfers were really common way back in 2007 and people transferred credit card balances from their high-interest credit cards to low-interest credit cards. This was a very popular way to pay off debts in a quick and efficient manner, thereby saving a huge sum of money by way of interest. After the economic downturn in 2008, credit card companies started pulling out of these offers. Things have started changing since 2011 and more and more people are expected to opt for balance transfers this year.
Discover® Card
Credit
History
Excellent / Good
History
Excellent / Good
0% intro APR on purchases and balance transfers for 15 months, then the variable standard purchase APR of 10.99% - 20.99%.±
5% Cashback Bonus® in categories that change like gas, restaurants, department stores and more. Limitations apply.±
Capital One®
Credit
History
Average / Limited
History
Average / Limited
$0 intro annual fee for the first year; $19 after that.
Image Card - personalize your card with an image of your choice.
(866) 554-0808
Credit One® Bank
See all popular credit cards
Credit
History
Fair Credit
History
Fair Credit
Get Pre-Qualified in less than a minute.
Includes online access to your monthly Credit Score.
± Click apply to view rates, fees, rewards, limitations and other important information.
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:
Click here to read more...
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:
Click here to read more...
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.
Click here to read more...
