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.

LowCards.com Weekly Credit Card Update–August 29, 2014

U.S. Late Payment Rate on Credit Cards is at the Lowest Level in Seven Years Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-stellar credit. … Continue reading

Innovative ATM Reader Fights Credit Card Skimming

America has been fighting to stay ahead of credit card skimming and identity theft. But Diebold, Inc. has developed a new ATM card reader called ActivEdge that may be a revolutionary anti-skimming device. The secret to ActivEdge's security is the … Continue reading

5 Alternatives To Maxing Out Your Credit Card

Do you have a tendency to max out your credit card from time to time? Do you wish there was a different way to make the purchases you need? Why You Don't Want to Max Out Your Credit Card Maxing … Continue reading

LowCards.com Weekly Credit Card Update–August 22, 2014

Visa Wants to Make it Even Harder for Thieves to Buy Gas with Your Credit Card Gas stations are among the easiest places for crooks to use stolen credit cards. Pumps are usually unattended, so all the thieves have to … Continue reading

QuikTrip Halts Debit Card Purchases of Lottery Tickets

If you use your debit card to pay for lottery tickets, you'll have to go somewhere other than QuikTrip. Beginning this week, the gas station chain is no longer accepting debit card payments in exchange for lottery tickets. All purchases … Continue reading

New Visa Service Helps Gas Stations Combat Credit Card Fraud

Visa is helping gas stations fight credit card fraud through a new program known as the Visa Transaction Advisor. This system uses intelligent analytics to identify purchases that have a high risk of being fraudulent. Self-serve gas stations are known … Continue reading

Target Spends $148 Million after the Hack

Target's massive data breach in December 2013 caused a slew of financial institutions to spend over $200 million enhancing their security protocol and issuing new credit cards to their customers. Reports now indicate Target has spent $148 million in the … Continue reading

LowCards.com Weekly Credit Card Update–August 15, 2014

Debt Collectors, What are Their Legal Limits? Collectors call again and again in the middle of dinner. They call the wrong person. They threaten. They take advantage of the latest technology to embarrass people. Often, they violate the law. Debt … Continue reading

Smart Credit Cards Don’t Make Up For Dumb Credit Card Readers

Chip and PIN credit cards are thought to be the solution for credit card security issues in the United States, but hacking experts have recently revealed those accounts may be more vulnerable than we think. The smart cards themselves may be … Continue reading

MasterCard Reduces Cash Dependence in Zimbabwe with Three Million Debit Cards

MasterCard and EcoCash will help reduce cash dependence in Zimbabwe by providing three million MasterCard debit cards over the next five years. This is the largest rollout of chip and PIN cards in Zimbabwe, and is the first time that … Continue reading

LowCards.com Weekly Credit Card Update–August 8, 2014

Why You Have To Start Paying Down Your Credit Cards Right Now Federal Reserve meetings aren't high on most people's list of interesting things, but if you have a credit card and carry a balance, you should probably start paying … Continue reading

5 Worst Data Breaches Of 2014

Data breaches have unfortunately become a common occurrence in today's society. It seems a newsworthy breach has taken place almost every week since the massive Target hack occurred in late 2013. A data breach can cripple a business and cause … Continue reading

First Data Purchases Mobile Gift Card Platform Gyft

First Data, the payment technology solution firm, recently acquired Gyft, a mobile gift card platform that enables users to buy, store or send gift cards through their phones. This merger could open a range of opportunities for First Data in … Continue reading

5 Tips For Getting A Small Business Credit Card For A New Business

When you operate a small business, it is important to use all your available capital and lines of credit to avoid cash flow problems. Frequently, new businesses don’t have a lot of cash on hand, making it beneficial to obtain … Continue reading

LowCards.com Weekly Credit Card Update–August 1, 2014

A Third of Americans Delinquent on Debt More than a third of the country is in trouble when it comes to paying debts on time; 35% of Americans have debt in collections, according to a study out Tuesday from the … Continue reading

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

Recent Stories & News

Data Breach at Dairy Queen

Data Breach at Dairy Queen

August 29th, 2014

Last week, the Department of Homeland Security issued an advisory that estimated more than 1,000 bus[...]

LowCards.com Weekly Credit Card Update–August 29, 2014

LowCards.com Weekly Credit Card Update–August 29, 2014

August 29th, 2014

U.S. Late Payment Rate on Credit Cards is at the Lowest Level in Seven Years Americans are doing a [...]

Gold Dealer Now Takes Bitcoin Instead of Credit Cards

Gold Dealer Now Takes Bitcoin Instead of Credit Cards

August 28th, 2014

In an effort to prevent credit card fraud on the sale of gold, the owner of Agora Commodities has de[...]

5 Credit Score Blunders Even Savvy People Make

5 Credit Score Blunders Even Savvy People Make

August 28th, 2014

Maintaining your credit score requires careful money management and attention to detail. Even the sm[...]

The LowCards.com Weekly Credit Card Rate Report for August 28, 2014

The LowCards.com Weekly Credit Card Rate Report for August 28, 2014

August 28th, 2014

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

Coin to Issue 10,000 Beta Cards This Fall

Coin to Issue 10,000 Beta Cards This Fall

August 27th, 2014

The highly anticipated Coin card will be placed into the hands of 10,000 additional beta testers thi[...]

Do Credit Cards Get Cancelled If Not Used?

Do Credit Cards Get Cancelled If Not Used?

August 27th, 2014

Are you worried your credit card may get cancelled if it just sits in your wallet? After all, it doe[...]

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