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 17, 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

New App Lets Chicago Drivers Pay Parking Meter with Credit Card

Drivers in Chicago may soon have a new way to pay at the parking meter. Thanks to the free ParkChicago app, these drivers can use their mobile phones to pay for their parking spaces by credit card. The app is … Continue reading

The LowCards.com Weekly Credit Card Rate Report for April 10, 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

Heartbleed Bug–What You Need to Know

Software designed to provide extra security for websites has now been deemed to have a significant flaw that has made consumers' personal data vulnerable to theft by hackers. The Heartbleed Bug is a flaw found in OpenSSL which is a … Continue reading

The LowCards.com Weekly Credit Card Rate Report For April 3, 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 Flaws in Fandango, Credit Karma Apps Put Consumer Card Data at Risk

The Federal Trade Commission has reached a settlement with movie ticket seller Fandango and credit report provider Credit Karma over charges that they failed to secure the transmission of consumers’ personal information from their mobile apps. The FTC alleged that … Continue reading

The LowCards.com Weekly Credit Card Rate Report for March 27, 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

CFPB Report Shows the Ugly Trap of Payday Loans

A report released today by the Consumer Financial Protection Bureau shows how payday loans trap borrowers in a cycle of debt. The report showed a shocking statistic: a majority of all payday loans are made to borrowers who renew their … Continue reading

30% of Americans Have More Credit Card Debt Than Savings

A new survey indicates that nearly 30% of Americans have more credit card debt than savings. Only 51% of those surveyed said they had enough money in their emergency funds to pay off all of their current credit card debt. The … Continue reading

The LowCards.com Weekly Credit Card Rate Report for March 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

Neiman Marcus Sued after Data Breach

An Illinois woman is suing Neiman Marcus as a result of the 2013 data hack. She is seeking money on behalf of the 350,000 customers whose lives were affected by this breach. "Neiman Marcus has placed the burden on aggrieved … Continue reading

China Blocks Plans for Virtual Credit Cards

China's central bank has put a stop to virtual credit cards, citing security concerns in the verification process of these products. The bank also stopped payments via Quick Response or QR codes, according to the Chinese state press agency Xinhua. Alibaba … Continue reading

The LowCards.com Weekly Credit Card Rate Report for March 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

Visa and MasterCard Set Deadline for Chip and PIN Credit Cards

Visa and MasterCard have officially set a deadline for retailers to adopt to EMV (chip and PIN) credit card technology. By October 2015, all stores will be expected to accept these kinds of cards if they want to accept Visa … Continue reading

Do You Know about Credit Card Repo Clauses?

According to a recent study of credit card terms in the United States, many card agreements allow banks to repossess items you have purchased to make up for money you owe on your account. More than 200 publicly-filed credit card … Continue reading

Politicians Push for Stronger Credit Card Security

The number and magnitude of credit card hacks in America over the last few months has now prompted several lawmakers to push for stronger security systems. Some are asking for a mandatory transition to chip-and-PIN cards, while others say the … Continue reading

The LowCards.com Weekly Credit Card Rate Report for March 6, 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

This Credit Card May Be Safer Than Chip and PIN

Paul Berger, a professor of electrical and computer engineering at Ohio State University, is working on a credit card design that may slow down identity theft. His creation of a hardware encrypted credit card is said to be extremely secure, … Continue reading

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

New App Connects Mobile Wallets with Card Readers

One of the main reasons many credit cardholders are not paying with a mobile wallet is because most retailers do not have the processing machines that work with this technology. It may take years for all retailers to install mobile-friendly … Continue reading

Marijuana Scent Leads Police to Credit Card Thieves

Police officers in Murfreesboro, Tennessee were undergoing a fairly common investigation as they followed the scent of marijuana coming from a Select Inn motel room. But what they found in the motel room was a little bit more than they … Continue reading

New Type of Loan Helps Consumers Build Credit

Thousands of people with poor credit scores struggle with a way to improve their financial situation. It is extremely difficult to build your credit score without the ability to get credit and prove that you can pay back that loan. … Continue reading

Maximize Credit Card Rewards with New App

A new app on the market known as Pick2Pay allows users to "maximize their savings" with credit card rewards and e-gift cards. The app scouts the best savings options for your purchases to ensure that you get the best deal, … Continue reading

The LowCards.com Weekly Credit Card Rate Report for February 21, 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 Data Stolen in Hack Attack on Kickstarter

The popular funding site Kickstarter was recently a victim of cyber hacking, where cyber criminals obtained the usernames and passwords for many of the site's account holders. Fortunately, Kickstarter's security measures ensured that no credit card data was stolen during the … Continue reading

Target May Have Ignored Security Issues Before Hack

According to the Wall Street Journal, Target may have been forewarned about security issues a full two months before the hack on 40 million debit and credit cards took place. Warnings apparently came from both government and private research firms … Continue reading

Bitcoin ATMs Hit the Market

The cyber currency Bitcoin is getting a real-world face lift, thanks to the work of LocalBitcoins. The company announced on their blog that they have sent out the first wave of Bitcoins ATMs to five locations in Helsinki, Finland. The … Continue reading

The LowCards.com Weekly Credit Card Rate Report for February 14, 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

Windows Forces ATMs to Upgrade to New Operating System

Most ATMs in America run off Windows XP, which is a 12-year-old operating system rarely seen on computers these days. Windows is now forcing ATM owners to upgrade to Windows 7 because the company will no longer support the XP … Continue reading

Should I Save My Credit Card and Bank Statements?

In today's digital world, a significant number of people receive e-statements for their credit card and bank accounts. They rarely see a paper statement, and assume these records will always be available online. But computers do mess up, systems crash, … Continue reading

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

Credit Card Privacy Bill Advances in California

Californians who shop online may soon gain better protection for their credit card information. Bill SB 383 was passed by the California Senate last Thursday and is now being sent to the state Assembly. The measure would limit the data … Continue reading

T-Mobile Launches Low-Fee Prepaid Card

T-Mobile has decided to step out of its comfort zone and expand its efforts to the unbanked market. The cell phone company known for its no-contract cell phone service is now reaching out to the unbanked with a prepaid card … Continue reading

MasterCard and Web.com Launch New Payment Option

Web.com has developed a new add-on to its website hosting and design services, thanks to technology from MasterCard. The new option called Take-A-Payment provides a faster way for consumers and businesses to receive money from transactions on their websites. Take-A-Payment … Continue reading

Will Lowering My Credit Limit Hurt My Credit Score?

Most people want to raise their credit limit on their credit card in order to have more money available to them, but there are situations in which lowering your limit is a better option. If you are considering doing that … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 31, 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

Possible Card Breach at Michaels

Another major retailer may have had a data breach on debit and credit cards: Michaels. Four separate financial institutions have traced hundreds of fraudulent purchases back to debit and credit cards used at Michaels. Michaels is working with law enforcement … Continue reading

Australia to Phase out Credit Card Signature Verification

Australia is making an effort to cut down on credit card fraud by phasing out signature verifications. Instead of signing for purchases on credit cards, all buyers will have to enter a personal identification number (PIN) to verify their identities. … Continue reading

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

Can Credit Cards Pay for Marijuana?

Can credit cards be used to pay for pot? This question may have been farfetched years ago, but the legalization of recreational marijuana in Colorado and Washington has made it a prevalent issue in the world of cannabis distribution. Unfortunately, … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 17, 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

Washington Metro to Launch Pay-by-Phone Program in 2014

The Washington DC Metro has been discussing a pay-by-phone option for some time, and authorities announced that the system should be in place later this year. The Washington Metropolitan Area Transit Authority, known as Metro, awarded the $184 million contract for the … Continue reading

Dangerous Places to Use Your Debit Card

Consumers are understandably reluctant to use their debit and credit cards due to the recent data breaches that have taken place at Target and Neiman Marcus. For some people though, using a debit card is a way of life, the … Continue reading

How to Choose a Mobile Wallet

Mobile wallets are changing the way people make purchases. Rather than carrying around a wallet full of cards and money, all someone needs is a cell phone to pay for the things he wants. With the number of mobile wallet … Continue reading

PayPal Expands Small Business Lending Program

PayPal launched its Working Capital program in late 2013 as a way to give select PayPal users access to simple business loans. During its three-month test, approximately 90,000 users were given the chance to take out a loan of up … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 10, 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

Interest in Bitcoin Continues to Grow

The fascination with the digital currency Bitcoin continues to increase. Blockchain.info, one of the leading online wallet services for digital currency, reports they now have over one million Bitcoin wallets in circulation. This is a substantial increase from the 500,000 … Continue reading

Wichcraft Sandwich Shop Finally Reveals Credit Card Hack

The sandwich shop "wichcraft" announced last week that a credit card breach occurred in its stores during the August to October time period--and no one knew anything about it. Wichcraft has several locations throughout the country, but the ones that were … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 3, 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

Recent Stories & News

Michaels Breach Exposed Nearly 3 Million Cards

Michaels Breach Exposed Nearly 3 Million Cards

April 18th, 2014

Michaels, the nation's largest arts and crafts chain, said that nearly three million debit and credi[...]

LowCards.com Weekly Credit Card Update–April 18, 2014

LowCards.com Weekly Credit Card Update–April 18, 2014

April 18th, 2014

States Probing Massive Data Breach of Social Security Numbers In what could be one of the biggest d[...]

The LowCards.com Weekly Credit Card Rate Report for April 17, 2014

The LowCards.com Weekly Credit Card Rate Report for April 17, 2014

April 17th, 2014

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

Credit Card Skimmer Found in NYC Metro Machine

Credit Card Skimmer Found in NYC Metro Machine

April 17th, 2014

If you are a New York Metro rider, you may want to keep a close eye on the MetroCard vending machine[...]

"God" Sues Equifax for Glitch in Credit Score

April 17th, 2014

A man by the name of God Gazarov is suing Equifax for displaying that he has no financial history be[...]

Proposed Senate Bill Mandates Free Annual Credit Scores

Proposed Senate Bill Mandates Free Annual Credit Scores

April 16th, 2014

A proposed bill in the United States Senate would mandate all consumers have access to free annual c[...]

New App Lets Chicago Drivers Pay Parking Meter with Credit Card

New App Lets Chicago Drivers Pay Parking Meter with Credit Card

April 16th, 2014

Drivers in Chicago may soon have a new way to pay at the parking meter. Thanks to the free ParkChica[...]