About Lynn Oldshue

Lynn Oldshue has written personal finance stories for LowCards.com for twelve years. She majored in public relations at Mississippi State University.

Visa Invests in LoopPay Mobile Wallet

Visa is investing in mobile wallet app LoopPay, a mobile payment solution accepted at a majority of retail point-of-sale terminals. LoopPay is designed to turn a phone into a credit card to swipe at a register. The app uses a traditional … Continue reading

Amazon Launches Its First Mobile Wallet

Amazon's first mobile wallet quietly debuted on the Amazon Appstore and Google Play last week. The app is designed to be used at checkout terminals for dozens of merchants. While the idea of a mobile wallet implies storing credit card … Continue reading

Will You Trust Facebook’s New “Buy” Button?

Facebook's ad revenue soared by 67% in the second quarter of 2014 and the social media giant is now trying to further capitalize on that growth by adding a new "buy button" to its ads. This will gives its users a … Continue reading

LowCards.com Weekly Credit Card Update–July 25, 2014

Will Debit Card Rewards Become a Perk of the Past? Banks are still struggling to regain their footing from the financial collapse and resulting Great Recession. As profits shrink and expenses expand, the biggest banks in America are shedding thousands … Continue reading

PayPal Is Keeping eBay Afloat

PayPal, the online payment processor owned by eBay, may be the big thing keeping the parent company afloat. eBay has seen a steady decline in its revenue, especially after a data breach discovered in May of this year. According to their … Continue reading

Visa Checkout Aims to be Faster Than a Mobile Wallet

Visa's new mobile application, known as Visa Checkout, hopes to speed up the checkout process for mobile phone users. Visa Checkout looks similar to V.me, which was launched in 2011. However, this program functions in an entirely new way, acting … Continue reading

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

Credit Card Fees are Killing Small Businesses There is no real competition in the market for credit and debit card swipe fees. Because Visa and MasterCard control 80% of the card market, they are able to dictate terms. The system … Continue reading

LowCards.com Weekly Credit Card Update–July 11, 2014

Report Says Debt Settlement Companies May Leave Customers Worse Off Using a settlement company to help you dig out from underneath burdensome debt may sound appealing, but it may leave you worse off than when you started, according to new … Continue reading

5 Tips For Maximizing Credit Card Rewards

Earning rewards on your credit card is a great benefit to consumers who completely pay off their balance each month on time. You can actually make money by making transactions with a credit card. But sometimes credit card companies make … Continue reading

New Card Scam Targets People On Jury Duty

A new credit card scam in Texas is targeting people eligible for jury duty. Residents are accused of missing jury duty and then asked to pay a fine over the phone with a prepaid debit card. According to Terry Grisham, … Continue reading

Hospitals Monitor Patients’ Credit Card Accounts

How would you like it if your doctor knew exactly how you spent your money every month? That pack of cigarettes you tried to keep secret or that trip to Cinnabon would be put on display for your doctor to … Continue reading

MasterCard Releases Ukash Card in the UK

MasterCard recently released the Ukash Travel Money Prepaid card, which is designed to give UK travelers the lowest foreign exchange rate while they are on vacation. The card has no annual fees, transaction fees or ATM withdrawal fees abroad. The … Continue reading

Understanding Your Credit Card Number

Do you know what the numbers mean on the front of your credit card? Are they just a random accumulation of numbers? Or do they serve a specific purpose? Much like the VIN on your car, credit card numbers are … Continue reading

Woman Sues Kohl’s Over Harassment for $20 Credit Card Bill

A Michigan woman is suing Kohl's after receiving a number of harassing phone calls from the company over an overdue $20 credit card bill. Lisa Ratliff says that she chose not to pay the bill, incurred last November, after receiving … Continue reading

Credit Card Payments May Take on New Role in Credit Scores

The country's three biggest credit bureaus may eventually change the way they calculate credit scores. The new system could be designed to give "transactors" better scores than "revolvers" for their credit card payments because those individuals have proven themselves to … Continue reading

LowCards.com Weekly Credit Card Update–June 20, 2014

Suze Orman's Approved Prepaid Debit Cards are Quietly Discontinued Suze Orman is quietly getting out of the payments business. Starting July 1, Ms. Orman's Approved card, a prepaid debit card aimed at budget-challenged consumers, will no longer work, according to … Continue reading

College Grads Still Relying on Parents for Money

More than half of recent college graduates are still relying on their parents for money two years after graduation, according to new research from the University of Arizona. The study traced the activities of over 1,000 students at the school … Continue reading

Hospitals Concerned Over Costs of Virtual Credit Cards

Some health care plans allow users to pay through virtual credit cards, which protects the cardholder's information and prevents damage during a data breach. But many hospitals are now expressing concern about this form of payment because of the interchange … Continue reading

CFPB Requests Information on Mobile Financial Services

The Consumer Financial Protection Bureau is inquiring about mobile financial services in an effort to create better security on mobile banking platforms and to reach out to unbanked consumers. According to the CFPB, 74,000 customers a day used mobile banking … Continue reading

4 Things You Didn’t Know Depend On Your Credit Score

When most people reflect on their credit score, they instantly start thinking about credit cards, and their ability to get low interest rates and high credit limits. However, your credit score affects far more than just your ability to get … Continue reading

LowCards.com Weekly Credit Card Update–June 13, 2014

Credit Card Use Surges in AprilAmerican consumers threw caution to the wind in April and ran up their credit-card balances at the fastest pace in almost 13 years. The amount of outstanding revolving credit--a figure that’s mostly credit card debt--rose … Continue reading

Will Post Office Offer Financial Products to Unbanked Customers?

Post offices may not just be a place to take your mail anymore. According to a report issued by the Office of Inspector General for USPS earlier this year, the post office may soon be offering payday loans, check cashing … Continue reading

Consumers Once Again Paying Mortgages Before Credit Cards

Consumers are once again making their mortgage payments ahead of paying their credit card bills, according to new research from TransUnion. This reverses the unusual trend that developed in September 2008 after the housing bust. When the housing market crashed, a … Continue reading

Who Pays For Fraudulent Credit Card Transactions?

Credit card fraud is an issue that affects a number of different parties. Credit cardholders, banks, merchants and the scammer are all involved in a process that can take weeks or even months to fully resolve. The best way to … Continue reading

Visa To Set Standards for Prepaid Cards

Visa is planning to create a designation for its prepaid debit cards that meet "consumer friendly standards." The goal is to assist consumers in picking the right prepaid card for their needs. Currently, there are no rules about how prepaid cards must disclose their … Continue reading

Bubbly Launches New Payment Engine Using Carrier Billing, Not Credit Cards

The mobile social network Bubbly recently announced a new payment engine that operates on carrier billing, rather than credit cards. With this payment processor, mobile users can make purchases on their phones without having to use a credit card. Their … Continue reading

LowCards.com Weekly Credit Card Update–June 6, 2014

Debt Collectors Have Figured Out a Way to Seize Your Wages and SavingsPeople with overdue bills have long complained of harassment from debt collectors, from late-night phone calls to frightening in-person visits. Now it appears the industry has found far … Continue reading

LifeLock Pulls Wallet App Due to Security Concerns

LifeLock has withdrawn its Wallet app from the market after concerns that it did not meet the Data Security Standard. The company has also deleted all user data from their system to prevent any future problems from arising. Todd Davis, CEO … Continue reading

How Does Credit Card Interest Actually Work?

Why You Should Know How Credit Card Interest Works Credit cards are a great tool for individuals who don’t always have the necessary cash on hand to make a purchase. Most people don’t have unlimited access to capital, and that … Continue reading

Large Portion of Americans Are Clueless about Credit Scores

A recent survey shows that a large portion of Americans have very little idea how their credit scores are determined. Some key findings from the study, issued by the Consumer Federation of America and VantageScore Solutions, include: 40% of those surveyed did … Continue reading

LowCards.com Weekly Credit Card Update–May 30, 2014

Correcting Your Credit Report Gets Easier You just got more of a say in fixing errors on your credit report. Pushed by the Consumer Financial Protection Bureau, major credit reporting companies Equifax, Experian, and TransUnion have changed their complaint systems … Continue reading

Walmart May Request Three-Digit Security Codes for Credit Card Purchases

In an effort to enhance its credit card security, Walmart may soon require shoppers to punch in their credit card security codes when making purchases over a certain price. This process may not be as effective as the shift to … Continue reading

LowCards.com Weekly Credit Card Update–May 23, 2014

Microchips in our Passports and Credit Cards: Are They Safe? U.S. passports have them. And these days, many more U.S. credit cards are starting to carry them, too. The tiny plastic chips embedded in passports and credit cards are primarily … Continue reading

Top 5 Airline Credit Cards of 2014

If you are a regular traveler, then you want to take advantage of the perks that come with having a top airline credit card. These cards give you an opportunity to receive some benefits on purchases you already make while … Continue reading

The Move to Chip and Pin Cards Will Not Be Easy

The massive overhaul of the card industry from a magnetic stripe to chip and PIN technology will not be easy. An estimated 1.2 billion debit and credit cards will have to be reissued. In addition, approximately eight million credit card … Continue reading

LowCards.com Weekly Credit Card Update–May 16, 2014

Airlines Make Less on Bag Fees While Promoting Credit Cards Airlines made 4% less on baggage fees in 2013 than in the previous year, according to federal statistics released last week. That sounds like great news for consumers, but it's … Continue reading

WooThemes Warns Customers of Data Breach

WooThemes, a web design template provider, posted a notice on their website that warns of a potential data breach in their checkout process. Nearly 300 cases of fraud have already been reported. WooThemes does not store credit card information from … Continue reading

New App Helps Australian Schools Go Cashless

Commonwealth Bank and MasterCard have developed an app called Qkr to allow Australian parents to pay for school expenses with their mobile phones. Rather than giving their kids cash for school meals and fundraisers, parents can now take care of those costs … Continue reading

LowCards.com Weekly Credit Card Update–May 12, 2014

Target CEO Steps Aside After Massive Data Breach A Christmas-season cyberattack on Target's computer systems did more than expose massive amounts of customer credit card data to potential fraud. It also turned up the heat on deeper troubles that simmered … Continue reading

LowCards.com Weekly Credit Card Update–May 2, 2014

After Data Breach, Target Plans to Issue More Secure Chip-and-PIN Cards Still pushing to right itself after an enormous data breach by cybercriminals, Target announced that it would switch its debit and credit cards over to a more secure technology … Continue reading

Cabela’s Bank Fined $1 Million for Deceptive Credit Card Practices

The credit card bank operated by outdoor retailer Cabela's is now facing a $1 million fine from the Federal Deposit Insurance Corp for allegations of deceptive and unfair acts. In March 2011, the bank had to pay $10.4 million in restitution … Continue reading

$200 Billion Spent on Prepaid Cards in 2014

Prepaid cards saw a big spike after the economy took a downturn a few years ago, and now we are starting to see the effects of that spike. By the end of 2014, the total money spent on prepaid cards … Continue reading

LowCards.com Weekly Credit Card Update–April 25, 2014

Michaels Confirms Data Breach Affecting 2.6 Million Credit Cards Three months after craft retailer Michaels announced it may have been the victim of a data breach, the company confirms the worst: nearly 2.6 million consumers' credit cards are affected. In … Continue reading

Netflix Scam Threatens Credit Card Accounts

Identity thieves seem to get trickier by the day, and most recently, they have made targets out of Netflix users. Many users have compromised their credit card accounts by giving the hackers access to their computers. In the new scam, … Continue reading

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

States Probing Massive Data Breach of Social Security Numbers In what could be one of the biggest data breaches in history, the federal government and authorities in several states are investigating the criminal sale of Social Security numbers, bank account … Continue reading

Credit Card Skimmer Found in NYC Metro Machine

If you are a New York Metro rider, you may want to keep a close eye on the MetroCard vending machines you use to pay for your ticket. The Metropolitan Transportation Authority recently found a skimmer and camera that was used … Continue reading

American Express Offers $5 iTunes Credit Thru April

American Express has a special running through April that allows consumers to get $5 off a $5 iTunes purchase when using an Amex card. The statement from American Express: "Spend a total of $5 or more on iTunes using your … Continue reading

Recent Stories & News

The LowCards.com Weekly Credit Card Rate Report for July 31, 2014

The LowCards.com Weekly Credit Card Rate Report for July 31, 2014

July 31st, 2014

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

Visa Invests in LoopPay Mobile Wallet

Visa Invests in LoopPay Mobile Wallet

July 31st, 2014

Visa is investing in mobile wallet app LoopPay, a mobile payment solution accepted at a majority of [...]

Square Introduces New Reader for Chip-Based Credit Cards

Square Introduces New Reader for Chip-Based Credit Cards

July 30th, 2014

Today, mobile payments company Square announced it has developed a new credit card reader that will [...]

Big Gap between Awareness and Usage for Mobile Wallets

Big Gap between Awareness and Usage for Mobile Wallets

July 30th, 2014

Mobile wallets have made a big splash in recent years, but a new study shows there may be more discu[...]

CFPB Now Accepting Complaints on Prepaid Cards and Gift Cards

CFPB Now Accepting Complaints on Prepaid Cards and Gift Cards

July 30th, 2014

The Consumer Financial Protection Bureau is now accepting complaints about gift cards, prepaid cards[...]

Amazon Launches Its First Mobile Wallet

Amazon Launches Its First Mobile Wallet

July 29th, 2014

Amazon's first mobile wallet quietly debuted on the Amazon Appstore and Google Play last week. The a[...]

Will You Trust Facebook's New "Buy" Button?

Will You Trust Facebook's New

July 29th, 2014

Facebook's ad revenue soared by 67% in the second quarter of 2014 and the social media giant is now [...]

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