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.

The LowCards.com Weekly Credit Card Rate Report for April 23, 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

New Credit Card Code May Boost Legal Online Gambling

A change in the way credit cards are categorized may soon give legal online casinos a significant boost in sales. The state of New Jersey has developed a new Merchant Category Code that separates legal and illegal gambling transactions, giving … Continue reading

Costco Paying Minimal Card Fees with New Citi Visa Deal

Costco shook up the credit card industry in early March when it dropped its 16-year partnership with American Express and signed a new deal with Visa and Citigroup. Now, the retailer is in the envious position of paying almost no … Continue reading

Most UK Consumers Have Not Claimed Credit Card Compensation

Only one in three consumers in the UK have filed for compensation for mis-sold identity protection from insurance provider CPP. Of the seven million consumers who are eligible for compensation, just 2.4 million have filed for it. This equates to … Continue reading

The LowCards.com Weekly Credit Card Rate Report for Apr. 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

Apple Watch Generates Nearly 1 Million Pre-Orders

Apple's new smartwatch could be another huge revenue producer for the tech giant. Apple began taking pre-orders on its Apple Watch on Friday, two weeks prior to the product's official launch date of April 24. Based on research from Slice … Continue reading

Microsoft Makes Move into Mobile Payments

Microsoft may soon be entering the payment industry, challenging mobile wallet providers like Apple Pay and the upcoming Samsung Pay. "Microsoft Payments, Inc." was granted a money transmitter license, giving the company the right to transfer money from one account … Continue reading

Software Automates “Replay” Attacks on Credit Card Transactions

Recently, KrebsOnSecurity discovered a software program on a popular online cybercrime forum that automates "replay" attacks on credit card transactions. The software, known as "Revolution," allows fraudsters to push stolen magnetic strip card transactions through a payment processor as chip-based … Continue reading

The LowCards.com Weekly Credit Card Rate Report for April 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

AliPay to Launch First Wearable Payment Option in China

Alibaba, a leading retail website in China, has officially partnered with smartphone developer Xiaomi to create the first wearable payment system in the country. The partners will combine Alibaba's mobile wallet, AliPay, and Xiaomi's Mi Band smart fitness bracelet to … Continue reading

FICO Plans Credit Scores for People without Credit History

Millions of Americans living without a credit score may soon have a new way to gain a foothold in the financial world. Credit scoring agency FICO has announced plans to include cellphone bills, cable bills and utility bills, as well … Continue reading

Elite Credit Cards Twice as Vulnerable to Fraud

New research from fraud prevention firm Forter shows elite credit cards, like the American Express Centurion and Visa Black card, are twice as vulnerable to fraudulent online transactions as standard credit cards. According to Forter's most recent data, elite credit … Continue reading

Top 3 Chase Credit Cards of 2015

If you are a Chase banking customer and looking for a new credit card, you have plenty of attractive options. You can take advantage of the perks that Chase offers its customers, such as relatively low interest rates, 0% APR … Continue reading

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

Constantly-Changing CVV Code Could Boost Card Security

In an effort to boost security and reduce the risk of credit card fraud, a tech company in France has come up with a CVV code for credit cards that changes every 40-60 minutes. According to CNN, Oberthur Technologies found … Continue reading

Google’s “Pony Express” Could Offer Bill-Paying Through Gmail

Google may soon introduce a service enabling consumers to receive and pay bills directly from their Gmail accounts, according to a report in Re/code. According to documents viewed by Re/code, the project is known as "Pony Express." The digital payment … Continue reading

FTC Requests Clarification in Data Security Draft Bill

The recently proposed Data Security and Breach Notification Act of 2015 was designed to create a standard for the way companies protect personal information and notify consumers of data breaches. The draft bill has strong support across most areas of … Continue reading

The LowCards.com Weekly Credit Card Rate Report for March 26, 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

85% of iPhone 6 Users Have Never Tried Apple Pay App

Industry experts had high hopes that Apple Pay would boom in popularity, especially after 1 million mobile wallets were activated in the first 72 hours after the iPhone 6 was released. However, a new survey showed 85% of iPhone 6 … Continue reading

American Express, Charles Schwab Enter Co-Branded Card Agreement

Today, American Express announced it will enter into an exclusive multi-year partnership with brokerage company Charles Schwab to develop two new premium cards. The cards will be available early next year and will carry the names of both companies. No … Continue reading

The LowCards.com Weekly Credit Card Rate Report for March 19, 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

Even Billionaires Use Rewards Credit Cards

Even the rich and famous like to tally up their credit card rewards. Billionaire Liu Yiqian used his frequent flier miles to fly to Hong Kong to purchase an ancient Tibetan silk tapestry for $45 million, according to Bloomberg. Liu … Continue reading

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

PayPal Buys Israeli Cybersecurity Firm CyActive

Yesterday, PayPal confirmed its purchase of a cybersecurity firm to assist in its fraud prevention efforts. The firm, CyActive, is based in Israel, and has been in operation since 2003. Reports indicate PayPal paid $60 million for the company. CyActive has developed … Continue reading

Citi and MasterCard Sign Expanded Deal on Consumer Credit Cards

Citigroup Inc. has reached an agreement to shift some of its consumer credit cards to MasterCard over the course of the next 10 years. Citi said it will continue to maintain cards on other networks, including consumer co-brands and commercial … Continue reading

The LowCards.com Weekly Credit Card Rate Report for March 5, 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

Americans of All Ages Facing Financial Challenges

A new study reveals that Americans of all ages are facing significant financial challenges in both the present and the future. Millennials, Generation X and Baby Boomers each face their own "pain points" for financial health, but all have long-term money … Continue reading

Credit Card Balances Reach 6-Year High

Credit card balances grew approximately 5% in 2014, the highest growth rate since the economy crashed in 2008. The report from TransUnion showed that 157 million consumers had access to a credit card during the fourth quarter of 2014, which is … Continue reading

The LowCards.com Weekly Credit Card Rate Report for February 26, 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

Whole Foods Benefits From New Loyalty and Ordering Programs

Nationwide grocery store Whole Foods launched a loyalty program last year that allows frequent shoppers to save money based on their purchase volume. The company reports the program is going well in the testing phase, and expects to expand to … Continue reading

The LowCards.com Weekly Credit Card Rate Report for February 19, 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

Did Samsung Just Beat Apple in the Mobile Payment Market?

The mobile payment industry may have taken a seismic shift today when Samsung announced it would acquire LoopPay for an undisclosed amount of money. The acquisition is seen as a major move by the South Korean company to compete with … Continue reading

JetBlue to End Partnership with American Express

JetBlue Airways Corporation will soon be dropping American Express as its credit card provider in favor of MasterCard and Barclays, according to multiple media reports. The Jet Blue-American Express partnership began in 2005, and will expire at the end of … Continue reading

Visa Launches Smartphone Tracking to Reduce Declined Card Transactions

If you have ever experienced the frustration of having your card declined while traveling, a new service from Visa may now help you avoid that problem. Visa's Mobile Location Confirmation uses geolocation detection to cut unnecessary purchase declines by nearly … Continue reading

Consumers Warned of IRS Phone Scam

We are two months away from the April 15 tax deadline, and scammers are working overtime to steal your money by scaring you with a new phone scheme. The Internal Revenue Service says scammers are impersonating IRS representatives by gathering … Continue reading

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

PayPal to Expand Services to South Korea

As part of PayPal's global expansion efforts, the company will be launching a Korean language version of their website starting tomorrow, February 12. This will allow users in South Korea to transfer money and make payments online. Korean residents can … Continue reading

Consumers Still Skeptical of Mobile Wallets, Study Finds

A new study shows consumers are still hesitant to adapt to mobile wallets. The report indicated the low interest in digital wallets stems mainly from security concerns and limited opportunities to use the wallets. According to 451 Research as reported in … Continue reading

Americans Saving, Not Spending, Extra Money from Low Gas Prices

The unexpectedly low gas prices in America have not resulted in increased consumer spending. Instead, Americans seem to be putting their money away for a rainy day or paying down existing debts with the money they've saved. A study from … Continue reading

The LowCards.com Weekly Credit Card Rate Report for February 5, 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

Swyp All-in-One Credit Card Learns Your Spending Patterns

Swyp, a new innovation from Qvivr, is a digital wallet which acts as an all-in-one credit card. SWYP has a chip that stores account information for each of your cards. What makes this device special is the fact that it can predict … Continue reading

Stripe Automatically Updates Credit Card Info for E-Merchants

Stripe is an ecommerce payment platform that has become a favorite among online merchants. The newest program from Stripe automatically updates a shopper's credit card information when he or she gets a new card number. This streamlines the shopping process … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 29, 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

Braintree Now Lets Merchants Accept Bitcoins for Payment

Braintree, a mobile-friendly payment processor now owned by PayPal, has launched a private beta test that lets any U.S. merchant accept payments from Bitcoin. The company announced plans of this transition last September, and now these plans are coming to … Continue reading

How Secure is Apple Pay?

In their quarterly report this afternoon, Apple is expected to post record revenues and profits. Many analysts are curious how Apple Pay will be assessed after being in operation for a little over three months. While reviews have generally been … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 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

Apple Watch Will Require 4 Digit Passcode for Apple Pay

Apple Watch users who wish to pay for items using Apple Pay will be required to use a four-digit passcode to unlock the payment platform. Doing so will essentially turn the Apple Watch into a debit card working on behalf … Continue reading

T-Mobile Offers Tax Filing Bonus for Prepaid Card Customers

T-Mobile recently announced a new opportunity for prepaid cardholders to earn money by depositing their tax refunds onto their T-Mobile Visa Prepaid Cards. T-Mobile CEO John Legere made the announcement on his Twitter page to encourage cardholders to put extra … Continue reading

Mobile Payments in Other Parts of the World

Mobile payments are becoming more popular as consumers use their smartphones for more everyday tasks. Every year, more shoppers are adjusting to the idea of using their phones to make a payment in a store, rather than their credit cards. … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 15, 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

Recent Stories & News

LowCards.com Weekly Credit Card Update–April 24, 2015

LowCards.com Weekly Credit Card Update–April 24, 2015

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36% of Millennials Have Never Owned a Credit Card

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The LowCards.com Weekly Credit Card Rate Report for April 23, 2015

The LowCards.com Weekly Credit Card Rate Report for April 23, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tra[...]
Universal Credit Card "Coin" Now Being Shipped

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The 350,000 buyers who pre-ordered the Coin all-in-one credit cards are finally getting their produc[...]