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 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

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

U.S. Money Card Launches Mobile App for Prepaid Services

Consumers who like the U.S. Money Prepaid Card now have a new way to manage their money, thanks to the launch of U.S. Money Prepaid Mobile last week. The app allows users to review their account histories, transfer money from card … Continue reading

Starbucks Runs 8 Million Mobile Transactions Each Week

Starbucks is the most successful retailer in the mobile payment industry. Company executives now say the coffee chain is up to eight million weekly purchases through its mobile platform. The Starbucks mobile app has grown tremendously in a short period … Continue reading

Mobile Banking Usage is Very High in Africa

Most people associate moving money around from your cell phone with tech-heads of the modern world, but new research shows that sub-Saharan African countries are actually some of the most active users in the world. This region is the only area … Continue reading

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

New Credit Card Code May Boost Legal Online Gambling

A change in the way credit cards are categorized may soon give legal online casinos a significant boost in sales. The state of New Jersey has developed a new Merchant Category Code that separates legal and illegal gambling transactions, giving … Continue reading

Costco Paying Minimal Card Fees with New Citi Visa Deal

Costco shook up the credit card industry in early March when it dropped its 16-year partnership with American Express and signed a new deal with Visa and Citigroup. Now, the retailer is in the envious position of paying almost no … Continue reading

Most UK Consumers Have Not Claimed Credit Card Compensation

Only one in three consumers in the UK have filed for compensation for mis-sold identity protection from insurance provider CPP. Of the seven million consumers who are eligible for compensation, just 2.4 million have filed for it. This equates to … Continue reading

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

Apple Watch Generates Nearly 1 Million Pre-Orders

Apple's new smartwatch could be another huge revenue producer for the tech giant. Apple began taking pre-orders on its Apple Watch on Friday, two weeks prior to the product's official launch date of April 24. Based on research from Slice … Continue reading

Microsoft Makes Move into Mobile Payments

Microsoft may soon be entering the payment industry, challenging mobile wallet providers like Apple Pay and the upcoming Samsung Pay. "Microsoft Payments, Inc." was granted a money transmitter license, giving the company the right to transfer money from one account … Continue reading

Software Automates “Replay” Attacks on Credit Card Transactions

Recently, KrebsOnSecurity discovered a software program on a popular online cybercrime forum that automates "replay" attacks on credit card transactions. The software, known as "Revolution," allows fraudsters to push stolen magnetic strip card transactions through a payment processor as chip-based … Continue reading

The LowCards.com Weekly Credit Card Rate Report for April 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

AliPay to Launch First Wearable Payment Option in China

Alibaba, a leading retail website in China, has officially partnered with smartphone developer Xiaomi to create the first wearable payment system in the country. The partners will combine Alibaba's mobile wallet, AliPay, and Xiaomi's Mi Band smart fitness bracelet to … Continue reading

FICO Plans Credit Scores for People without Credit History

Millions of Americans living without a credit score may soon have a new way to gain a foothold in the financial world. Credit scoring agency FICO has announced plans to include cellphone bills, cable bills and utility bills, as well … Continue reading

Elite Credit Cards Twice as Vulnerable to Fraud

New research from fraud prevention firm Forter shows elite credit cards, like the American Express Centurion and Visa Black card, are twice as vulnerable to fraudulent online transactions as standard credit cards. According to Forter's most recent data, elite credit … Continue reading

Top 3 Chase Credit Cards of 2015

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

Recent Stories & News

A New Way to Protect Against Identity Theft

A New Way to Protect Against Identity Theft

Another day and another data breach. Actually, two of them. Trump Hotel Properties and Harvard Un[...]
LowCards.com Weekly Credit Card Update–July 2, 2015

LowCards.com Weekly Credit Card Update–July 2, 2015

The Postal Service Wants You to Bank at Your Post Office Elizabeth Warren would like to change the [...]
Delaware Bank Launches Card-Free ATM Machine

Delaware Bank Launches Card-Free ATM Machine

WSFS Bank, a small financial institution in Wilmington, Delaware, has launched a new ATM that does n[...]
The LowCards.com Weekly Credit Card Rate Report for July 2, 2015

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 tra[...]
Possible Data Breach at Trump Luxury Hotels

Possible Data Breach at Trump Luxury Hotels

Donald Trump's line of luxury hotels may be the latest victim of a credit card data breach, accordin[...]
CFPB Slams Two Credit Card Add-On Companies for Unfair Billing Practices

CFPB Slams Two Credit Card Add-On Companies for Unfair Billing Practices

Today, the Consumer Financial Protection Bureau has fined two companies, Intersections, Inc. and Aff[...]
PayRange Brings Mobile Wallet Technology to Outdated Vending Machines

PayRange Brings Mobile Wallet Technology to Outdated Vending Machines

A new product from PayRange can turn any old vending machine into a "smart" vending machine, so vend[...]