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 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

Credit Card Delinquencies Remain Low Thanks to Cheaper Gas Prices

The shockingly low gas prices are giving Americans more disposable income now than they have had in years. This is doing wonders to help consumers pay back their loans in a timely manner. According to a recent survey from the … Continue reading

Google Sues Visa and MasterCard for Excessive Interchange Fees

Google has filed a lawsuit against Visa and MasterCard for high interchange fees, which the search engine says are in violation of Section 1 of the Sherman Act. Google filed a three-page complaint with the U.S. District Court in the … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 8, 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

Hackers Release 13,000 More Passwords and Credit Card Numbers

Last week, a group of hackers, believed to be affiliated with Anonymous, released another 13,000 passwords, credit card numbers, and expiration dates from companies like Amazon, Walmart, Dell, Hulu Plus, PlayStation Network and Xbox Live. A comprehensive list of the hacked sites … Continue reading

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

Understanding the Snowball Method of Debt Relief

There are many ways to get rid of credit card debt or personal debt. One of the most used practices is the Snowball Method. With the Snowball Method for debt relief, you pay off your smallest debts first before getting … Continue reading

The LowCards.com Weekly Credit Card Rate Report for December 26, 2014

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

Men Better at Managing Credit Cards Than Women

According to research from BMO Harris Bank, men are better at managing their credit cards than women. The study showed men are more likely to pay off their card balances every month compared to women. 39% of male participants in … Continue reading

Krispy Kreme Launches New Virtual Loyalty Card

Fans of Krispy Kreme Doughnuts may have a new way to enjoy their favorite morning delights. The company has launched a smartphone app in select test markets that will provide customers with virtual loyalty cards. The app is very simple, … Continue reading

The LowCards.com Weekly Credit Card Rate Report for December 18, 2014

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

Facial Recognition ATMs Could Curb ATM Theft

A credit union in Baltimore is testing a biometric ATM that could help curb ATM theft. Using facial recognition as a form of identity authentication, this ATM will ensure that only the card owner will be the one pulling money … Continue reading

China UnionPay Plans to Launch Android Payment App in 2015

China's only bank is working on a new app for Android phones that will allow mobile payment processing on these devices. The China UnionPay app, known as Android Pay, is scheduled to be introduced in the third quarter of 2015, … Continue reading

The LowCards.com Weekly Credit Card Rate Report for December 11, 2014

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

Google Cloud Now Complies with PCI Data Security Standards

Google announced last week that its Cloud Platform is now in compliance with the Data Security Standards set up by the Payment Card Industry. This means that developers can now use the Google Cloud Platform to handle credit card information. … Continue reading

Is LoopPay Better Than Apple Pay?

Apple Pay was announced with great fanfare three months ago, but a small company that began on Kickstarter called LoopPay may have already established a significant competitive advantage over Apple Pay. The big factor with virtual wallets is where can … Continue reading

Sony Data Breach Worse Than Expected

Last month's data breach at Sony continues to become more concerning. Hackers originally leaked five unreleased movies online and some employees' Social Security numbers. But now, security firm Identity Finder has found the hack that occurred on November 24 exposed over … Continue reading

Discover Sues Visa Over Debit Card Practices

Discover Financial Services is suing Visa Inc for using anti-competitive practices in its debit card sector. The company alleges Visa has "undertaken a series of illegal actions that undermine competition--harming rival debit networks, merchants, acquirers, card issuers, and consumers." Discover is … Continue reading

The LowCards.com Weekly Credit Card Rate Report for December 4, 2014

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 Making App Store More Convenient for Chinese Cardholders

In an effort to improve convenience for Chinese credit and debit cardholders, Apple has revamped its App Store specifically for China UnionPay cards. The new options available through the App Store will open the doors for more than 4.5 billion … Continue reading

The LowCards.com Weekly Credit Card Rate Report for November 26, 2014

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

Customer Satisfaction Drops As Bank Fees Increase

Customer satisfaction levels for banks are dropping due to rising fees, according to a report released this week from the American Customer Satisfaction Index. Credit unions continue to rank best among the financial services providers with an ACSI score of … Continue reading

The LowCards.com Weekly Credit Card Rate Report for November 20, 2014

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

Alibaba Launches Mobile App Equipped with Apple Pay

Chinese ecommerce merchant Alibaba is making its way into the United States market, thanks to their retail store on the web called 11 Main. Alibaba customers can make purchases with new mobile apps for both iPhone and Android phones. An … Continue reading

Square Unveils Reader for Chip-Based Credit Cards

Square has revamped its credit card reader to accept chip and PIN cards, and the new device can be preordered for $29. The reader accepts magnetic strip cards and smart cards, and it is compatible with Android and iOS devices. Merchants familiar … Continue reading

The LowCards.com Weekly Credit Card Rate Report for November 13, 2014

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

Security Flaw Discovered in Chip-and-PIN Cards

Just when consumers thought their credit cards would be more secure, new research from Newcastle University uncovered a security flaw in chip-and-PIN cards that could lead to a $1 million unauthorized transaction. The issue comes from the contactless function in … Continue reading

Best Buy Replaces MasterCard with Visa for Branded Credit Cards

Best Buy is switching to a new credit card processor in 2015, choosing Visa over MasterCard to handle its co-branded card. Citigroup will remain the card-issuing bank, but Visa will become the processor at the beginning of the year. Reports … Continue reading

Recent Stories & News

Boku Launches Phone-on-File Payments to Compete with Credit Cards

Boku Launches Phone-on-File Payments to Compete with Credit Cards

February 27th, 2015

Boku, a mobile payment solution using carrier billing, has created a program called Phone-on-File th[...]

LowCards.com Weekly Credit Card Update–February 27, 2015

LowCards.com Weekly Credit Card Update–February 27, 2015

February 27th, 2015

Google Buys Softcard, Teams Up with Carriers on Mobile Payments Google and the mobile carriers have[...]

Companies Doing Poor Job of Detecting Data Breaches

Companies Doing Poor Job of Detecting Data Breaches

February 26th, 2015

A report released Tuesday shows companies may not have the security systems in place to detect data [...]

The LowCards.com Weekly Credit Card Rate Report for February 26, 2015

The LowCards.com Weekly Credit Card Rate Report for February 26, 2015

February 26th, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tra[...]

Two Million Americans Were Victims of Medical Identity Theft in 2014

Two Million Americans Were Victims of Medical Identity Theft in 2014

February 25th, 2015

More than two million Americans were victims of medical identity theft in 2014, according to new inf[...]

Discover Expands Financial Literacy Program

Discover Expands Financial Literacy Program

February 25th, 2015

In an effort to improve financial literacy in America, Discover founded the Pathway to Financial Suc[...]

Whole Foods Benefits From New Loyalty and Ordering Programs

Whole Foods Benefits From New Loyalty and Ordering Programs

February 25th, 2015

Nationwide grocery store Whole Foods launched a loyalty program last year that allows frequent shopp[...]