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.

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

Credit Card Theft Is the Most Feared Crime in America

What do Americans worry about the most in today's society? It's not being the victim of a violent crime. It's having their credit card information stolen. According to a report from Gallup, 69% of Americans worry about having their credit … Continue reading

The LowCards.com Weekly Credit Card Rate Report for November 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

Voxis Allows Cybercriminals to Automate Fraudulent Credit Card Purchases

Cybercriminals have a new way to get as much money from stolen credit cards as possible before being detected for fraud. A program called Voxis Platform is starting to surface on underground forums, allowing thieves to make large volumes of … Continue reading

Starbucks Says It Handles 90% of All Mobile Payments

Mobile payments are becoming increasingly popular, especially with the introduction of Apple Pay. Starbucks was one of the first retailers to allow mobile payments in their coffeehouses, and this early entry is now paying off for them. Of the seven … Continue reading

China Will Allow Foreign Companies to Process Credit Card Payments

For the first time, China may be giving foreign companies the opportunity to process credit card payments, according to a Cabinet statement yesterday. This will allow banks in China to issue credit and debit cards through companies like Visa and … Continue reading

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

UK Credit Card Issuers Show Little Knowledge of Consumer Credit Act

A consumer group's research has found that credit card issuers in the UK have little knowledge of a law that protects consumers from losing money on a transaction when an item is faulty or a retailer goes out of business. … Continue reading

MasterCard and Zwipe Launch First Contactless Payment Card with Fingerprint Sensor

MasterCard and Zwipe have teamed up to create the world's first contactless payment card with built-in fingerprint sensor. The card is designed to provide superior security with the help of biometric technology while maintaining the convenience of swipe-free payments. The … Continue reading

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

Federal Agents Accused of Misusing Credit Cards

A congressional hearing last week revealed there may have been significant misuse of taxpayer-funded credit cards by federal agencies. This is occurring in spite of the Government Charge Card Abuse Prevention Act of 2012 which was passed to prevent this. Auditors discovered more than … Continue reading

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

Stratos Raises $5.8 Million for All-in-One Credit Card

Stratos is a startup that could become a direct competitor for the Coin all-in-one credit card. Stratos has now managed to raise $5.8 million in funding before it started manufacturing its product, a process that is now underway. Stratos works much … Continue reading

Ways to Get a Credit Card after Bankruptcy

Rebuilding your financial life after bankruptcy is not easy. Your credit score has taken a tremendous hit and needs to be increased. This will take time but you must be diligent in working toward this goal. One way for people … Continue reading

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

Consumers Feel Better about Personal Finances

According to a new survey, consumers in the United States are finally starting to feel better about their personal finances. Absolute Strategy Research has been studying perspectives on job security, future economic prospects and financial success since mid-2009. In June … Continue reading

TraxPay and MasterCard Take B2B Payments to a Global Level

Traxpay is one of the leading companies in business to business payments, and thanks to MasterCard, it can now provide financial solutions for businesses on a global market. Traxpay currently serves clients in Europe, but it will be able to … Continue reading

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

Stolen Medical Data Worth 10 Times More Than Credit Card Information

How much are your medical records worth? About $10 on the open market, which is 10 times more than the average stolen credit card number. According to Reuters, cyber criminals are beginning to turn their attention to medical records in … Continue reading

The 10 States with the Most and Least Credit Card Debt

Which states have the most credit card debt? The least? A new study by Experian-Oliver Wyman Market Intelligence Reports analyzed the average credit card debt in United States for the second quarter of this year, and it found that Alaska remained … Continue reading

The LowCards.com Weekly Credit Card Rate Report September 25, 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

What Happens When I Cancel a Credit Card?

Feel like you have too many credit cards in your wallet? If so, you might be tempted to cancel the cards you no longer use. This is a good way to minimize your potential for debt, but it could actually … Continue reading

7 Ways To Get A Credit Card With Bad Credit

Consumers know how hard it is obtain a credit card if your credit score isn’t up to par. Despite all types of difficult circumstances, such as being laid off due to the poor economy, a bad credit score can prevent … Continue reading

The LowCards.com Weekly Credit Card Rate Report for September 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

The Demand For Coin Continues To Grow

The anticipation for Coin's revolutionary smartcard continues to be rather astounding. Coin is a smartcard and app that stores the information for up to eight credit, debit or gift cards. It combines the functionality of a mobile wallet with the … Continue reading

Credit Card Debt Reaches Post Recession High

New credit card debt in America hit a post-recession high in the second quarter of 2014, reaching a total of $28.2 billion, according to a new study. That is the largest amount of debt since the economic downturn and almost 200% … Continue reading

PayPal Launches One-Touch Mobile Checkout for Apps

PayPal is aiming to make mobile app payments a little easier with the launch of its new product, One Touch. This platform helps merchants and app developers give their customers a convenient way to pay for products and services. One Touch … Continue reading

The LowCards.com Weekly Credit Card Rate Report for September 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

The LowCards.com Weekly Credit Card Rate Report for September 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

Retailers Given Tips on Fighting “Backoff” Malware

The "Backoff" malware that led to the massive Target breach last year is said to have infected more than 1,000 businesses in America, and now the Payment Card Industry is trying to protect retailers from an attack. The PCI Council … Continue reading

Gold Dealer Now Takes Bitcoin Instead of Credit Cards

In an effort to prevent credit card fraud on the sale of gold, the owner of Agora Commodities has decided to do away with credit card payments in favor of Bitcoin. The dealer will no longer be processing payments with … Continue reading

The LowCards.com Weekly Credit Card Rate Report for August 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

Coin to Issue 10,000 Beta Cards This Fall

The highly anticipated Coin card will be placed into the hands of 10,000 additional beta testers this fall. A version of the card has already been in test for some time, but only 1,000 people were in the program. This … Continue reading

Credit Card Comparison Site Sued for Displaying Rates

First Premier Bank is suing card comparison site CardHub for displaying its credit card rates and fees on the CardHub website. First Premier claims this is copyright infringement. The suit was filed in a federal district court in South Dakota, … Continue reading

The LowCards.com Weekly Credit Card Rate Report for August 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

Retail Credit Cards Become A Bigger Ripoff

Retail credit cards have always carried extremely high interest rates. But a recent study reveals these interest rates have increased over two percentage points in the past few years. The average APR for retail credit cards is now 23.23%. The survey … Continue reading

The LowCards.com Weekly Credit Card Rate Report for August 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

Lock Your Debit Card With This Smartphone App

Ever wish you could just "turn off" your debit cards when you aren't using them? Then you wouldn't have to worry about someone spending money from your account. Thanks to an app from Malauzai Software, you could lock your bank … Continue reading

5 Tips For Credit Card Management In Your 20’s

Your 20’s are an important time in your life. It is usually when you are first given the burden of handling and managing your own money. For many, this can be liberating, but it also comes with its own set … Continue reading

“Backoff” Malware Program Causes Big Headache for Homeland Security

A program intended to help consumers fight credit card fraud is causing a significant problem for the Department of Homeland Security. Backoff is a malware program deployed to a store's point-of-sale system through remote access applications. Remote access applications are programs that … Continue reading

The LowCards.com Weekly Credit Card Rate Report for August 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

GameStop To Offer Credit Card With Very High APR

GameStop, the retail store that purchases and resells used games, will soon introduce its own credit card. The card will be marketed to hard core game enthusiasts in the United States, but it comes with some pricey drawbacks that may send … Continue reading

The LowCards.com Weekly Credit Card Rate Report for July 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

Recent Stories & News

Gen Y Shoppers Drawn to Retailers That Offer Financing Options

Gen Y Shoppers Drawn to Retailers That Offer Financing Options

November 26th, 2014

According to a recent study, 59% of Gen Y shoppers (adults aged 18-34) say they prefer to shop with [...]

LowCards.com Weekly Credit Card Update–November 26, 2014

LowCards.com Weekly Credit Card Update–November 26, 2014

November 26th, 2014

Disconnected: Millennials Talk Big, Do Little About Money Surveys continue to show a major disconne[...]

Consumers Plan to Use Credit Cards for Holiday Shopping

Consumers Plan to Use Credit Cards for Holiday Shopping

November 25th, 2014

Americans have seen a number of substantial data breaches since last year's holiday season, but that[...]

Discover Enhances Cash Back Program

Discover Enhances Cash Back Program

November 25th, 2014

Discover has expanded its cash back rewards program just in time for the holidays. Discover cardhold[...]

How Long Does It Take to Receive a New Credit Card?

How Long Does It Take to Receive a New Credit Card?

November 25th, 2014

Whether you're ordering a replacement credit card or getting a new card, waiting for it to come in t[...]

How Will Data Breaches Affect Holiday Shopping?

How Will Data Breaches Affect Holiday Shopping?

November 24th, 2014

Holiday shopping is just around the corner. Americans are clearing the balances from their credit ca[...]

Seattle Parking Meters Swallow Credit Cards

Seattle Parking Meters Swallow Credit Cards

November 24th, 2014

Being able to pay a parking meter with a credit card is convenient--until the meter refuses to give [...]