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.

MasterCard Partnership to Bring Samsung Pay to Europe

Samsung's highly anticipated mobile wallet, Samsung Pay, is expected to launch in America this summer, but an expanded partnership with MasterCard will now allow the digital wallet to reach Europe as well. MasterCard and Samsung have an existing partnership for the wallet … Continue reading

Consumers Learning to “Dip” Their Credit Cards

If you have recently received a new credit card in the mail, you may have been asked to "dip" your card when you made your transaction at the store. "Dipping" is replacing "swiping" in today's world of credit cards. New … Continue reading

Growth in European Card Fraud Fueled by Card-Not-Present Transactions

According to the latest FICO report, card fraud in Europe only grew by 6% in 2014. A majority of this increase was due to cross-border fraud, with domestic losses remaining relatively flat. While this number shows promise for the continent's card … Continue reading

PayPal Added to Subway’s Mobile Payment Options

Today, Subway announced an expansion of their mobile payment platform. Their 27,000 sandwich locations in the United States will take PayPal by the end of the year. Subway also introduced an updated app which allows their customers to choose a … Continue reading

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

CurrentC Payment App Set to Launch Next Month

CurrentC, often coined as the "Retailer's Answer to Apple Pay," is set to hit stores next month. The initial release of this mobile payment system will be a trial run in select stores, as the nationwide launch isn't set until … Continue reading

Google Testing “Buy Button” on Mobile Search Ads

Last week, Google unveiled a new feature called "Purchases on Google." Consumers now see a "Buy" button on a limited number of mobile search results. If they click on the button, they are taken to a page where they can … Continue reading

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

CFPB Reports Debt Collection as Top Consumer Complaint

The Consumer Financial Protection Bureau has officially launched a new series of reports, in which the organization highlights the most common consumer complaints submitted to the Bureau over the previous three months. In each report, the CFPB plans to showcase … Continue reading

The LowCards.com Weekly Credit Card Rate Report  for July 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

Walmart Canada Investigates Potential Online Data Breach

Walmart Canada is currently investigating a potential credit card data breach for an online photo center operated by a third party. The company announced the investigation on Monday and proceeded to close down the website yesterday. "We were recently informed … Continue reading

Americans Would Rather Have Nude Photos Stolen Than Financial Data

According to a new survey from MasterCard, 77% of Americans worry about the security of their personal information. 62% worry about their emails getting hacked, and 46% worry about being pickpocketed. But what is more surprising is the value that … Continue reading

1 in 4 Say Banks Put Corporate Needs Ahead of their Customers

Consumers are starting to become less loyal and less engaged with their banks, according to new information from GfK and Personetics. Only 31% of bank customers reported their banks understood their financial needs, and 28% said banks put their own … Continue reading

The LowCards.com Weekly Credit Card Rate Report for July 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

Greek Banking Block Hits PayPal Accounts

With Greek banking and ATM withdrawals coming to a screeching halt last week, it is no surprise that PayPal is limiting what Greeks can do on their accounts. Greek account holders will not be allowed to add funds to their … Continue reading

J.P. Morgan Launches New Prepaid Services

Today, J.P. Morgan Chase is announcing significant changes to its prepaid card program, according to The Wall Street Journal. The new system, under an agreement with New York Attorney General Eric Schneiderman, will provide online bill pay services and person-to-person … Continue reading

Credit Card Tips if Traveling to Greece

Yesterday, Greece held an historic vote on a referendum to accept terms on a new loan from other European countries. The loan terms called for more spending cuts and an increase in taxes. After years of similar loans and policies, … Continue reading

The LowCards.com Weekly Credit Card Rate Report for July 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

Hershey Park Investigates Possible Data Breach

Hershey Park may have become the latest target of a data breach on debit and credit cards used at the resort and theme park. The case is currently under investigation as Hershey Park works with law enforcement to track down the … Continue reading

Atom Bank Will Become UK’s First App-Only Bank

Atom Bank has no physical branches and currently, does not even have a website. But the company was just granted a banking license by the Bank of England and will begin operation later this year as an app-only bank. These … Continue reading

The LowCards.com Weekly Credit Card Rate Report for June 25, 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

More Consumers Using Credit Cards to Finance Big Purchases

Americans are increasingly using their credit cards rather than tapping home-equity lines of credit to pay debts or finance a big purchase. According to new research from Sanford C. Bernstein & Co., more consumers are now utilizing their credit cards … Continue reading

Consumers Still Confused about their Credit Scores

The vast majority of Americans (90%) recognize the importance of having access to credit. But a significant percentage (52%) of adults do not understand the most influential factors that go into a credit score, and almost 40% do not know their … Continue reading

Is It Better to Overdraft a Checking Account or a Credit Card?

In desperate times, having the ability to overdraft your checking or credit card account can come in handy. It's like an instant personal loan without having to fill out an application. Of course, this loan has to be paid back right away … Continue reading

MasterCard To Provide Tokenization for Private Label Credit Cards

MasterCard has become the first payment provider to extend tokenization services to store branded credit cards. Tokenization is a unique security feature that credit card providers will adapt in the near future. Rather than collecting card data from their customers, … Continue reading

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

How Is My Credit Card Limit Determined?

Credit card limits are determined by a variety of factors. Credit card companies are not going to put themselves in a position where they are likely to lose money. Every decision the company makes is based on a customer's potential … Continue reading

First Contactless Debit Card Hits the Saudi Market

Riyad Bank has taken a big step in the Middle East, becoming the first financial institution to release a contactless payment card in the Saudi market. Known as the Riyad Bank Debit MasterCard , this card marks a transition into … Continue reading

4 Downsides To EMV (Chip) Credit Card Technology

Most consumers have heard the reasons credit card companies are investing in new technology in order to keep their customers' valuable personal and financial data safe. Hackers and identity thieves are using sophisticated tactics in order to get their hands … Continue reading

AmEx Launches New Dining and Travel Benefits for Premier Rewards Gold Card

American Express has enhanced the benefits for Premier Rewards Gold Card members with new dining and travel rewards. These perks are available for new cardholders, as well as existing members. Some of the new rewards include: Double points at restaurants in … Continue reading

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

Wells Fargo Experiments with Biometrics for Mobile Security

Wells Fargo has decided to hop on the biometrics bandwagon. The bank recently revealed it is working on face and voice identity verification for its banking app, CEO Mobile. The security scan for CEO Mobile consists of a special token … Continue reading

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

Punkey, a New Malware Targeting POS Systems

pLate last week, the FBI sent out an internal cyber alert warning retailers of a new malicious software on the market that could compromise their credit card data. The malware, named "Punkey" based on the sitcom character Punky Brewster, attacks … Continue reading

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

Visa Checkout Expands Mobile Wallet to More Worldwide Merchants

Visa's mobile wallet, known as Visa Checkout, is now being accepted at even more online and in-person merchants. The company announced it will be expanding its services in several countries, giving more customers access to fast, convenient mobile payment solutions. The … Continue reading

Apple Watch Makes Apple Pay Vulnerable to Theft

The newly released Apple Watch makes using the digital wallet Apple Pay extremely convenient, but a new tutorial from Gadget Hacks reveals the vulnerability of Apple Watch for fast-handed thieves. Apple Watch is designed to lock down the screen if … Continue reading

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

Google to Launch “Buy” Buttons to Compete with Amazon, eBay

The long rumored development of a Google marketplace may finally be taking form. The Wall Street Journal reports that Google will be adding "Buy" buttons to search results on mobile devices, thereby streamlining the online shopping process and providing direct … Continue reading

Proposed Rule Limits Fees on Student Federal Aid Cards

The U.S. Department of Education is stepping in to prevent colleges from pushing students into receiving federal aid on costly prepaid debit cards. The Office of Postsecondary Education issued a notice of proposed rulemaking that could cost colleges millions of … Continue reading

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

SmartMetric’s Biometric Credit Card Closer to Introduction

SmartMetric, a fingerprint activated payment card, is not yet on the market, but a new video on the company's website shows how the security features work on the card. The biometrics technology embedded into the EMV credit card is designed … Continue reading

CFPB Cracks Down on Lending Discrimination, Redlining

The Consumer Financial Protection Bureau and the Department of Justice have joined forces in a fight against redlining, an undesirable process that has been prohibited in America since 1975. With redlining, lenders charge minorities more money for certain products based … Continue reading

How Debit Cards Began

Debit cards are now considered part of the "norm" of day-to-day life. After all, when is the last time you pulled out a checkbook to pay for your groceries? As common as these cards are, they were practically unheard of … Continue reading

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

Millennials Turn to Prepaid Cards for Budgeting

Millennials are looking to new ways to keep to their budget and avoid debt. According to a new survey from TD Bank, this generation is more likely to give themselves an allowance or hide cash to avoid overspending. In addition, … Continue reading

Stratos Begins Shipping All-in-One Payment Card

An all-in-one credit card named Stratos finally started shipping on Wednesday. The card looks like a regular credit card but can hold all your credit cards, debit cards, loyalty cards, membership cards and any other card with a magnetic stripe. … Continue reading

Prepaid ‘Release Cards’ Given to Prisoners Charge High Fees

Recently released inmates are being financially penalized due to a loophole in the rules that exempts prison prepaid cards from standard debit card regulations. This takes away from the already limited amount of money former prisoners receive from family contributions … Continue reading

Recent Stories & News

How We Pay: Digital Payments Rise, But Cash is Still King

How We Pay: Digital Payments Rise, But Cash is Still King

More Americans are making digital payments but traditional payment methods are still overwhelmingly [...]
MasterCard Partnership to Bring Samsung Pay to Europe

MasterCard Partnership to Bring Samsung Pay to Europe

Samsung's highly anticipated mobile wallet, Samsung Pay, is expected to launch in America this summe[...]
American Express Rewards Can Be Used on BestBuy.com

American Express Rewards Can Be Used on BestBuy.com

American Express cardholders will now be able to use their membership rewards to make purchases on B[...]
Consumers Learning to "Dip" Their Credit Cards

Consumers Learning to "Dip" Their Credit Cards

If you have recently received a new credit card in the mail, you may have been asked to "dip" your c[...]
Ruling Makes It Easier to Sue Company after Data Breach

Ruling Makes It Easier to Sue Company after Data Breach

A new ruling from the 7th Circuit Court of Appeals has made it easier for consumers to sue big compa[...]
Universal Payment Processor Introduced for Small Businesses

Universal Payment Processor Introduced for Small Businesses

Springboard Retail and Heartland Payment Systems have partnered to provide small businesses with an [...]
Citi Simplicity vs. Citi Double Cash

Citi Simplicity vs. Citi Double Cash

There are two types of credit card users: those who sometimes incur interest charges and fees by car[...]