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.

Looters Steal Credit Cards, Valuables from Malaysia Airlines Victims

The crash site of Malaysia Airlines Flight 17 is now being looted by locals. According to reports, thieves have already taken credit cards, jewelry and cash from the victims. The horrific tragedy already cost the lives of 295 innocent victims. … Continue reading

Late Payments on Credit Cards Show Significant Decline

Overall credit card debt has dropped substantially since the recession several years ago. Consumers are carrying less of a balance on their credit card accounts. Cardholders are slowly shifting from being "revolvers" to "transactors." As a result, one major change … Continue reading

Eight-Year-Olds Can Now Get a MasterCard in the UK

Eight-year-old children in the UK can now have a debit card to call their own, thanks to the Osper Prepaid MasterCard. According to the Daily Mail, prepaid cards have been available for children 11 and up for some time, but … Continue reading

FTC Sues Amazon Over In-App Purchases by Children

The Federal Trade Commission is suing Amazon on behalf of parents who were charged for purchases their children made without their permission. The lawsuit claims Amazon allowed kids to rack up millions of dollars in transactions through their platform without … Continue reading

The LowCards.com Weekly Credit Card Rate Report for July 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

Expresscoin Expands Bitcoin Trading to Canada

Digital currency retailer Expresscoin has expanded into the Canadian market. This marks the first expansion for the company outside of the United States. Expresscoin, which allows consumers to buy and sell Bitcoin and other altcoins, is one of the only companies to offer … Continue reading

The LowCards.com Weekly Credit Card Rate Report for July 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

Debit Card Usage Increasing Despite Recent Data Breaches

The 2014 Debit Issuer Study from PULSE showed a consistent growth in consumer and business debit card use in 2013, despite the data breaches that have taken place in the past year. 14% of all debit cards were exposed in … Continue reading

Flaw Found in PayPal’s Authentication Process

PayPal is one of the most trusted online payment processors, but a flaw was recently discovered in its two-factor authentication process. PayPal asserts that no account information was revealed during the breach, and they are now aware of vulnerability in … Continue reading

Top 5 Summer Travel Credit Cards Of 2014

If you are a big summer traveler, you need to learn what credit cards give you the kinds of rewards and perks that match up with your interests. Most travelers are already familiar with credit cards that provide perks for … Continue reading

The LowCards.com Weekly Credit Card Rate Report for June 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

Hackers Use YouTube to Sell Credit Card Data

YouTube is currently under fire for allowing thousands of videos on their website that promote the sale of stolen credit card data. Many of these videos are seen right next to ads for credit card companies like Visa, MasterCard and … Continue reading

Scan Credit Card into iOS 8 Safari Using Your iPhone Camera

Apple has made some major improvements to iOS 8 over the last few months, and one of them is a new ability to take pictures of your credit card to use in Safari. Instead of entering your card information manually, … Continue reading

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

How MasterCard Could Make Big Money from Your Spending Data

MasterCard is expected to see a huge boost in its profit margins by selling data about cardholder spending patterns to banks, retailers and government agencies across the country. MasterCard handles payments for more than two billion cardholders and merchants, and it … Continue reading

Credit Card Fraud May Also Be in Play at World Cup

Events like the World Cup are breeding grounds for credit card breaches, so soccer fans are being warned about using their cards during the popular event. The World Cup is taking place over the next month throughout 12 locations in Brazil, … Continue reading

Bitcoin Debit Card to Launch This Month

The much anticipated Bitcoin debit card from Xapo is set to launch sometime this month. The card will be accepted anywhere major debit or credit cards are accepted, though Xapo has not released the name of the card network it … Continue reading

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

Top 3 Chase Credit Cards of 2014

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 June 5, 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

MasterCard Extends Zero Liability Policy at the ATM

MasterCard issued a zero liability policy for ATM transactions shortly after the Target card breach last year. Now, the company has decided to extend that policy through the month of October. The current policy protects cardholders when they use their … Continue reading

Scammers Target UPS, FedEx Customers

Everywhere we turn, it seems scammers and thieves are at work to steal our personal information. Overnight shipping companies seem to be the latest industry to be targeted. One scam involves UPS. Criminals purchase merchandise with stolen credit cards. They … Continue reading

eBay Data Breach May Be Bigger Than Target’s

The recently discovered eBay hack has the potential to be even larger than last year's Target breach. If the latest reports are true, the eBay breach may have compromised more than 100 million users' account passwords. eBay suspects the hackers … Continue reading

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

Data Breach Hits 11 Casinos

Affinity Gaming operates a number of casinos in four different states, and the company has announced another data breach that could affect many of its loyal patrons. Affinity Gaming said they have found evidence of a hack on the casino's … Continue reading

Bitcoin Projected to Overtake PayPal in U.S. Transaction Volume

What once was considered a fad in the financial world is now turning into a primary form of online money exchange. Bitcoin, the most recognized digital currency, has already grown to nearly $300 million in transactions a day. Bitcoin has … Continue reading

5 Most Important Things To Consider When Picking A Credit Card

If you are interested in obtaining a new credit card, then you need to think about a few of the critical factors that should go into that decision. Applying for a new credit card should not be a decision made … Continue reading

The LowCards.com Weekly Credit Card Rate Report for May 22, 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

Nordstrom Considering Options for $2 Billion Credit Card Business

After faring better than expected with their first quarter financials, Nordstrom is now assessing options for a financial partner for their credit card portfolio. Nordstrom is the largest luxury department store chain in the country The company's credit card business … Continue reading

Retailers Launch Cyber Security Sharing Center to Boost Financial Security

The Retail Industry Leaders Association (RILA) has launched a new program to aid stores in preventing and detecting credit card data breaches. It's called the Retail Cyber Intelligence Sharing Center (R-CISC), and it could  be a very positive step for … Continue reading

Mets Employee Accidentally Sends GM’s Credit Card Info to Press

A New York Mets staff member, trying to buy tickets to a Broadway play, accidentally emailed General Manager Sandy Alderson's credit card information to the team's New York press corps. The email included the card number, expiration date and security code. … Continue reading

Chinese Consumers Using Credit Cards for “Shadow Banking”

If you need quick cash in China, you don't have to apply for a loan with the central bank. All you need is a credit card and a store willing to take part in a process called "shadow banking." China … Continue reading

The LowCards.com Weekly Credit Card Rate Report for May 15, 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 May 8, 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

PayPal Tests Smartwatch Payment Option at Starbucks

PayPal is testing a new wireless smartwatch system at Starbucks that identifies you to the barista when you enter the store and allows you to pay for purchases. The new pilot program is currently being tested at a Starbucks located … Continue reading

The LowCards.com Weekly Credit Card Rate Report for May 1, 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

Xapo Introduces Debit Card Linked to Your Bitcoin Wallet

Bitcoins have taken another small step toward mainstream acceptance. Bitcoin users can now use the first-ever Bitcoin debit card to pay for everyday purchases. The card is being offered by Xapo, a crypto coin storage vault. When using the card … Continue reading

The LowCards.com Weekly Credit Card Rate Report for April 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

Leading Provider of Campus Debit Cards under Investigation

Higher One Holdings, the leading provider of campus debit cards in America, could be under investigation by the Federal Reserve Bank of Chicago. According to the Huffington Post, this investigation accuses Higher One of using "unfair and deceptive practices" against its … Continue reading

American Express Profits Higher Than Expected

American Express reported higher-than-expected profits for the first quarter of 2014. Customer spending led to a surge in revenue. American Express is the biggest U. S. credit-card issuer in terms of purchases purchases. The net income for American Express increased by … Continue reading

PayStand Launches Payment Service for Bitcoins and eChecks

PayPal and Google Wallet have a new competitor. PayStand is an online payment service provider that is designed to process Bitcoins, eChecks and credit cards for websites in the United States. PayStand was originally developed to improve upon the payment … Continue reading

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

Recent Stories & News

Visa Checkout Aims to be Faster Than a Mobile Wallet

Visa Checkout Aims to be Faster Than a Mobile Wallet

July 22nd, 2014

Visa's new mobile application, known as Visa Checkout, hopes to speed up the checkout process for mo[...]

Credit Card Fraud on the Rise before EMV Switchover

Credit Card Fraud on the Rise before EMV Switchover

July 22nd, 2014

With America on the verge of converting to EMV credit cards in the next few years, fraudsters are tr[...]

Looters Steal Credit Cards, Valuables from Malaysia Airlines Victims

Looters Steal Credit Cards, Valuables from Malaysia Airlines Victims

July 21st, 2014

The crash site of Malaysia Airlines Flight 17 is now being looted by locals. According to reports, t[...]

6 Tips For Paying Off Your Credit Card Debt

6 Tips For Paying Off Your Credit Card Debt

July 21st, 2014

If you are looking to pay off your credit card debt, you are making the right financial move. It is [...]

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

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

July 18th, 2014

Credit Card Fees are Killing Small Businesses There is no real competition in the market for credit[...]

Late Payments on Credit Cards Show Significant Decline

Late Payments on Credit Cards Show Significant Decline

July 17th, 2014

Overall credit card debt has dropped substantially since the recession several years ago. Consumers [...]

Credit Card Knives Pose New Threats to Airport Security

Credit Card Knives Pose New Threats to Airport Security

July 17th, 2014

The TSA is now being confronted with a new challenge in the battle to keep our airports secure: cred[...]