About John Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.

Costco Cardholders to Receive New Credit Card Numbers

Now that Visa and Citi are replacing American Express as Costco's credit card provider, existing cardholders will be receiving new credit cards sporting the Visa and Citi logos. The new cards will also come with new card numbers, as American … Continue reading

The LowCards.com Weekly Credit Card Rate Report for Feb. 2, 2016

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

Apple Pay May Come to Wells Fargo and Bank of America ATMs

Two more major banks are primed to introduce cardless ATMs. Citibank and Chase have been working on cardless ATMs, and last week, reports surfaced that Bank of America and Wells Fargo are planning to integrate Apple Pay into their ATMs. … Continue reading

LG Launching Universal Payment Card

According to multiple media sources, LG Electronics plans to launch an all-in-one payment card capable of linking a user's debit and credit cards. Korea's Electronic Times obtained a photograph of the unreleased card, which is rumored to be named the LG … Continue reading

Hackers Post Records of 330,000 Police Union Members

Last Thursday, the country's largest police union, the Fraternal Order of Police, said it had asked the FBI to investigate a breach that enabled hackers to steal documents which were published online. In a statement posted on Facebook, Chuck Canterbury, … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 28, 2016

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

Wendy’s Investigating a Possible Credit Card Breach

Fast-food chain Wendy's told Krebs on Security that it is investigating a possible credit card breach at some locations. Bob Bertini, spokesperson for the Ohio-based restaurants, said the company started receiving reports earlier this month from payment industry contacts about … Continue reading

Most Young Adults Have Made Significant Financial Mistakes

The majority of young adults make crucial financial mistakes that could have a major impact on their lives, according to a study by Credit Karma. Many of these errors could have been avoided with proper financial education. Credit Karma surveyed … Continue reading

MasterCard to Test Installment Payment Program in Europe

In an effort to help customers control their budgets and manage their finances, MasterCard is launching a new installment payment program in several European countries later this year. Large purchases, such as TVs, car repairs, and medical bills, can be … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 21, 2016

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

Bio-Sourced Credit Cards Developed from 100% Renewable Resources

The "green" movement is spreading to the credit card industry. For the last five years, Netherlands-based digital security provider Gemalto has been working on an eco-friendly payment card solution to replace traditional plastic cards. The company estimates that the seven … Continue reading

Partnership Offers Add-On-Free Mobile Payment Acceptance

Mobeewave and Global Payments Inc. announced today that Global Payments' Canadian customers will soon be able to use Mobeewave's mobile payment program. Mobeewave allows users to complete transactions with another individual without plugging a card reader into their phone. Purchases can … Continue reading

Google Offers Free Chromecast for Using Android Pay

Potential Android Pay users have a new reason to give the mobile wallet a try. Through the end of February, customers who make 10 or more purchases with Android Pay will receive a free Chromecast. Chromecast is a streaming device … Continue reading

Affinity Gaming Sues Trustwave for Failing to Stop Data Breach

Affinity Gaming has filed a lawsuit against Trustwave due to the firm's alleged mishandling of a security breach that had exposed the data of up to 300,000 Affinity customers. According to the Complaint, the casino operator hired Trustwave in October 2013 … Continue reading

CareCredit Now Accepted at Rite Aid Stores

CareCredit, a healthcare financing company, announced today that its health, wellness and personal care credit card will now be accepted at all Rite Aid stores in the United States. The card be used for prescriptions or general merchandise, as well … Continue reading

PayPal Sets Record for Most Donations Collected in 24 Hours

It's official--PayPal is now in the Guinness Book of World Records. On December 1, 2015, the company managed to collect a total of $45.8 million for charity in just 24 hours, earning the record for "Most money raised online for … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 12, 2016

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

FTC and State of Florida Sue CardReady for Card Laundering

The Federal Trade Commission and the State of Florida charged CardReady LLC with credit card laundering on Friday. The company is also accused of assisting and facilitating a debt relief telemarketing scam that allegedly stole millions of dollars from consumers. … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 7, 2016

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

Man Sets World Record with 1,497 Credit Card Accounts

A man from California has set a new world record for having the most credit cards in his name--a total of 1,497. This amounts to a $1.7 million line of credit. Walter Cavanagh of Santa Clara, California, has a nearly … Continue reading

Higher One Fined $31 Million for Deceptive Student Debit Card Marketing

In a longstanding case against college debit card provider Higher One and its partner WEX Bank, the FDIC and the Federal Reserve have ordered the companies to pay $31 million in fines and restitutions for deceptive marketing practices. The companies … Continue reading

PayPal’s Mobile Charitable Donations Rose 28% in 2015

As 2015 came to a close, PayPal saw a significant increase in its mobile charitable donations. The company estimates that 10% to 20% of mobile donations came within the last three days of the month as people tried to quality … Continue reading

Citibank Testing Card-Free ATM Machines with Iris Scanning

Thanks to new developments in biometric technology, Citibank is testing a set of ATMs that do not have screens, pin pads or card readers. The machines are powered by EyeLock iris-scanning technology that verifies a person's identity based on patterns … Continue reading

Retailers Had a Merry Christmas, Thanks to Online Sales

According to a MasterCard Spending Pulse study, U.S. retail sales rose 7.9% during the recent holiday season. eCommerce and furniture both saw double-digit sales growth. eCommerce was the biggest contributor, increasing by 20% from last year. 70% of consumers now … Continue reading

The LowCards.com Weekly Credit Card Rate Report for December 30, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

North Carolina Parents Can Now Freeze Their Child’s Credit

Beginning January 1, parents in North Carolina will have a new way to protect their children's identity before they turn 18. A new state law from the Department of Justice will allow parents to put a security freeze on their … Continue reading

Users’ Personal Info Exposed via Steam’s Security Lapse

An internal error at the popular gaming platform Steam exposed personal data for many users making purchases during the holidays. The data included usernames, email addresses and credit card information. The problem was quickly resolved the same day, but at … Continue reading

Hello Barbie Accused of Privacy Violations

Following a report by The Daily Beast, class action law firm Keller Rohrback announced they are investigating Mattel's interactive doll, Hello Barbie, for possible privacy violations. Of particular concern is that Hello Barbie doll stores conversations between children and the doll … Continue reading

Blackberry PRIV Offers Enhanced Privacy for Mobile Banking

With the increased vulnerability of mobile apps, smartphone providers and app developers are under pressure to provide better security and privacy features for their users. BlackBerry may not dominate the industry like it once did, but its latest model of … Continue reading

The LowCards.com Weekly Credit Card Rate Report for December 22, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

Survey Reveals ‘A Nightmare before Christmas’ for IT Workers

IT teams can expect a few nightmares before and during the Christmas and New Year's holiday, according to Ipswitch's recent "Happy Holidays?" survey. The top concern is careless employees working remotely. While many of us get to enjoy a few days off to … Continue reading

Android Pay Now Available for In-App Payments

Android announced on its blog yesterday that consumers can now use Android Pay to purchase items within many apps. "Since our launch this Fall, we've seen millions of people set up Android Pay, and the vast majority of them are using tap and … Continue reading

OPM Faces More Criticism for Mishandling Data Breach

The Office of Personnel Management, the federal agency responsible for the theft of the personal information of more than 21 million Americans, is once again facing criticism--this time for failing to follow the appropriate procedures before awarding a federal contract to an … Continue reading

The LowCards.com Weekly Credit Card Rate Report  for December 16, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

USB Device Secures Files with Fingerprint Technology

A new USB device will make it easier and safer to store passwords and documents. The OdyOne is compatible with all computers, and has a built-in fingerprint reader that allows you to login to any online account. In addition to … Continue reading

Costco Losing Money from Credit Card Switch

Costco took the credit card world by surprise earlier this year when it announced it would be ending a 16-year relationship with American Express. Even though the company's switch to Visa and Citigroup will not go into effect until next … Continue reading

FinTech Launches ScramCard, a More Secure Coin Competitor

In the world of cashless payments, all-in-one credit cards are thought to be the way of the future. Products like Coin and Swyp have dominated this sector of the market recently, but a newcomer to the game may steal their … Continue reading

The LowCards.com Weekly Credit Card Rate Report for December 9, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

Mobile Payments Are Taking over This Holiday Season

Smartphones are playing a vital role in this year's holiday shopping season--not because people are buying more phones, but because they're using their phones to carry out many of their purchases. According to the 2015 Bank of American Trends in … Continue reading

Samsung to Pay Apple $548 Million for Patent Infringement

The longstanding legal battle between Apple and Samsung has finally come to a close--for now. The South Korean phone manufacturer has agreed to pay Apple $548 million as requested by the courts, while reserving the right to file appeals in … Continue reading

Credit Card Checklist for Holiday Travel

Taking a trip for the holidays? You may want to take a look at your credit card account before you head out the door. There are some preparations every credit card user needs to take before going on vacation. Notify … Continue reading

Online Merchants Lose Sales Due to Poor Checkout Experience

Consumers have been buying and selling online for years, but some online merchants still have not perfected the purchasing experience. This is a substantial problem, because an inadequate checkout process can cost businesses as much as 36% of their sales. … Continue reading

Black Friday’s Hottest Online Products and Sales Data

Consumers spent $4.45 billion online on Thanksgiving and Black Friday this year, and electronics and toys were tops in sales. The five best selling electronic products were Samsung 4KTVs, the Apple iPad Air 2, Microsoft's Xbox One, the Apple iPad … Continue reading

Adele Fans Report Possible Data Breach

Members of Adele's fan club were able to buy advanced tickets for her upcoming 2016 UK tour this morning. Given the popularity of her recent hit single, "Hello," it's no surprise that the website selling tickets, Songkick, saw enormous traffic. … Continue reading

The LowCards.com Weekly Credit Card Rate Report for December 1, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

Fantasy Sports Lawsuit Takes Aim at Credit Card Companies

A new class action lawsuit filed in New York could alter the way credit card companies interact with fantasy sports sites. The suit alleges that Visa, MasterCard, American Express, and other banks are facilitating illegal gambling operations online by accepting … Continue reading

The LowCards.com Weekly Credit Card Rate Report for November 24, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

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