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.

New Service Allows Shoppers to Load Digital Coupons onto Credit Cards

Coupons.com is known for helping people save money, but its newest service may bring those savings to a new level. The company now has a program on its website and mobile app that allows users to upload digital coupons onto … Continue reading

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

Heartbleed Threat Puts Passwords, Credit Cards, and Other Data at Risk Passwords, credit cards and other sensitive data are at risk after security researchers discovered a problem with an encryption technology used to securely transmit email, e-commerce transactions, social networking … Continue reading

Fraudulent Card Charges from Weblearn Eerily Similar to $9.84 Scam

A new debit and credit card scam has been spreading throughout the country, with each transaction showing the name "BLS Weblearn." Now, reports indicate the people behind the Weblearn transactions might also have been involved with the recent $9.84 scam. With the … Continue reading

Target CFO Reveals New Information about Credit Card Breach

John Mulligan, Chief Financial Officer at Target, spoke before the Senate Commerce Committee last Wednesday to answer questions about the company's massive credit card breach. In his testimony, Mulligan provided new insight into the breach and the work going into … Continue reading

LowCards.com Weekly Credit Card Update–March 28, 2014

Why So Many Retail Stores Get Hacked for Credit Card Data When a big retailer gets hacked, it's often quick to note that it has complied with cybersecurity rules set by the credit card industry. MasterCard, Visa and other card … Continue reading

21 Cent Swipe Fee Cap Remains after Appeal

Last Friday, a federal appeals court upheld the Federal Reserve's 21-cent cap on swipe fees that banks are allowed to charge merchants on debit card transactions. In 2011, Congress asked the central bank to establish a "reasonable" cap for interchange … Continue reading

American Express CEO Earns $22 Million in Incentives

American Express CEO Kenneth Chenault is now ranked as one of the highest paid chief executive officers in the country. His total compensation for 2013 was $24.4 million, with only $2 million of that coming from his actual salary. Chenault's … Continue reading

LowCards.com Weekly Credit Card Update–March 21, 2014

Consumers Not Powerless in Face of Credit Card Fraud Most card companies already have custom alerts and other features that not enough consumers use. Then there's something that all cards should have but most don't--an on/off switch accessible from a … Continue reading

GAO Studying Changes to Student Debit Cards

Many college campuses now offer debit cards students can use to access their excess financial aid. These cards promise faster payments and better convenience over the traditional check. But students need to be aware of the fees with these cards. … Continue reading

LowCards.com Weekly Credit Card Update–March 14, 2014

How Target Blew It Poring over computer logs, Target found FireEye's alerts from November 30 and more from December 2, when hackers installed yet another version of the malware. Not only should those alarms have been impossible to miss, they … Continue reading

Simsbury Bank Credit Cardholders Target of Phishing Scam

A bank will never ask customers for their private information over the phone. That is one rule of thumb to help consumers guard against thieves trying to steal their financial assets. But thieves still try to use this ploy. A … Continue reading

Credit Card Fraud Investigation Turns into Pot Bust

The investigation of a counterfeit credit card operation in New Jersey quickly turned into a major pot bust. Police officers in Egg Harbor Township began tracking the case in January when a couple was suspected of placing a number of … Continue reading

Saving Money on Prepaid Card Fees

Prepaid debit cards have become incredibly popular, but most people don't realize how many fees can be associated with these cards. Whether you use prepaid cards as an alternative to a checking account or as a budgeting tool, you can … Continue reading

LowCards.com Weekly Credit Card Update–March 7, 2014

Another Day, Another Retailer in a Massive Credit Card Breach The corporate hacks keep coming. The latest target, according to cybersecurity blogger Brian Krebs, is the beauty supply chain Sally Beauty, a retailer that draws customers from salons and other … Continue reading

Target Profits Tumble After Breach

Even though research shows consumers are rather indifferent to the Target breach, the retail giant did experience a significant profit loss in the fourth quarter of 2013. Revenue fell 5.3% during that time, but profits were down 46%. Part of the … Continue reading

Tina Fey Promotes New AmEx EveryDay Card Aimed at Busy Moms

American Express is launching a new credit card aimed at busy multi-taskers that features no annual fee and a special rewards program. Rather than rewarding users based on how much they spend, EveryDay from American Express offers rewards based on … Continue reading

Target Shoppers Rather Indifferent to Massive Card Breach

The card breach that hit 40 million Target customers in late 2013 does not appear to have damaged the shopping habits of the store's consumers. While it did cause many people to take a closer look at their accounts, the … Continue reading

LowCards.com Weekly Credit Card Update–February 28, 2014

Financial, Retail Industries Keep Cybersecurity Mistakes and Punishments Secret Even as cyberthreats grow in frequency and sophistication, the system for ensuring payment card security in the United States remains a closely guarded arrangement among the credit card networks who set … Continue reading

Nevada to Allow Prepaid Debit Cards at Slot Machines

Gamblers in Nevada may soon be able to use prepaid debit cards to play the slot machines. The Nevada Gaming Commission voted 4-0 to approve amendments to state regulations that prevent cards from being used at slots. The new rules … Continue reading

Discover to Launch Google Glass App in 2014

Discover Financial Services recently announced that it will be launching an application that will work on Google Glass. The new Discover app will bring basic account information to the innovative eyepieces. Google Glass is a form of eyewear that allows … Continue reading

LowCards.com Weekly Credit Card Update–February 21, 2014

A Line of Defense Against the Theft of Personal Data Credit-monitoring is often backward-looking, informing you of new accounts that thieves may have already opened in your name. But a freeze prohibits the bureaus from releasing your credit reports to … Continue reading

Will Capital One Revise Policies in Credit Card Agreement?

Very few people ever read their credit card agreement, but there has been a public outcry over the fine print in Capital One's agreement with their cardholders. The updated contract says that Capital One "may contact you in any manner … Continue reading

PayPal President Victim of Credit Card Skimming

PayPal President David Marcus recently tweeted that his credit card information was stolen during a trip to the U.K. The card was supposedly "skimmed" at the hotel where he was staying, and then used to make an array of purchases … Continue reading

LowCards.com Weekly Credit Card Update–February 14, 2014

Target Data Breach Pits Banks Against Retailers Banks and big retailers are locked in a debate over the breach of consumer data that gripped Target during the holiday season. At issue: Which industry bears more responsibility for protecting consumers' personal … Continue reading

Consumer Borrowing Jumps in December

Demands for auto, student and credit card loans experienced significant increases in December, according to the latest figures from the Federal Reserve. Consumer credit increased $18.8 billion in December, an annual rate of 7.3%. This was the biggest increase in 10 months. Over … Continue reading

LowCards.com Weekly Credit Card Update–February 7, 2014

Hotel Company Investigates Data Breach, Card Fraud White Lodging Services, a hospitality company that manages 168 hotels in 21 states--under franchises from Hilton, Marriott, Sheraton, and Westin—is investigating reports that it suffered a data breach that lasted from March 2013 … Continue reading

Seniors Spending More Money on Credit Cards and Mortgages

According to new research from the National Center for Policy Analysis, senior citizens are spending more on mortgage loans and credit cards than ever before. The study compares data from 1989 to 2010 to assess how finances among the nation's … Continue reading

LowCards.com Weekly Credit Card Update–January 31, 2014

Were You Charged $9.84? It Might Be Fraud Be on the lookout for a recent $9.84 charge on your debit or credit card. It might be part of a massive, worldwide scam. Thieves are using stolen payment cards to make … Continue reading

17-Year-Old Russian Behind Target Hack

Most 17-year-olds do not have a credit card of their own, let alone access to 40 million of them. A Russian teenager under the username "ree4" has been linked to the recent hacks that took place at Target and Neiman … Continue reading

Card Study Shows Bank of America Tops in Security

Bank of America earned the title of Best in Class for Security in Javelin Strategy and Research's 9th Annual Credit Card Issuers' Identity Score Card. This is the seventh year in a row that the banking giant has earned this … Continue reading

LowCards.com Weekly Credit Card Update–January 24, 2014

Hackers Took Sneaky Path Into Target Customers' Wallets It was, in essence, a cybercriminal's dream. For months, an amorphous group of Eastern European hackers had been poking around the networks of major U.S. retailers, searching for loose portals that would … Continue reading

When Your Credit Card is Stolen

What happens to your credit card once it is stolen? If it is someone physically stealing your wallet or purse, the thief may take your card down the street and immediately go on a shopping spree before you even know … Continue reading

Target and Neiman Marcus Breaches Are Only the Beginning

After word spread about the Target credit card breach, most of us hoped the hack was some type of fluke. We weren't expecting another large retailer like Neiman Marcus to announce they had been hacked. Now, the Department of Homeland … Continue reading

Paying Off Credit Card Debt with a Personal Loan

Have you ever thought about paying off your credit card debt with a personal loan? This may not seem like it would make a big difference, but doing so could actually improve your credit score. Here's why: Credit card accounts are … Continue reading

LowCards.com Weekly Credit Card Update–January 17, 2014

Millions Getting New Debit, Credit Cards After Target Hack Millions of consumers are being sent new credit and debit cards in the wake of the recent security breach that hit as many as 110 million Target customers. JPMorgan Chase announced … Continue reading

Free Checking Accounts More Available in Small Banks

In June, 2011, the Federal Reserve limited the fees banks could charge retailers for debit card purchases to $0.24 per transaction. This was a significant decrease from the previous average of $0.43 per swipe. Many analysts thought banks would make … Continue reading

LowCards.com Weekly Credit Card Update–January 10, 2014

Target: Up to 70 Million More Customers Were Hit by December Data Breach Target said Friday that the massive cyber attack it suffered during the height of the holiday shopping season may have affected an additional 70 million customers and … Continue reading

80% of Financial Advisors Disagree with Snowball Method of Debt Repayment

The Snowball Method of debt repayment says you should pay off your smallest debt first and then work your way up to the large ones. This gives you psychological motivation to eliminate your debts. While many consumers like this idea, … Continue reading

Green Dot Prepaid Card Scams on the Rise

Green Dot prepaid cards have become a new target for scammers, who are tricking customers into sharing information about these cards on the phone or online. Green Dot MoneyPak cardholders are issued a PIN just like normal debit cards, and … Continue reading

LowCards.com Weekly Credit Card Update–January 3, 2014

Six Credit Card Trends to Watch in 2014 During and immediately after the financial crisis, credit card issuers tightened up lending standards and lowered credit limits to protect themselves. "They had given credit to too many people and approved people … Continue reading

Brazil Raises Tax on Debit Card Purchases Abroad

Brazilians traveling abroad will now have to pay much higher taxes on their debit card purchases while they are in other countries. The Brazilian government is raising the international financial operations (IOF) tax from 0.38% to 6.38% as we enter 2014. … Continue reading

Are Credit Cards Safer than Debit Cards?

With the new year approaching, some consumers make a resolution to cut up their credit cards and use only their debit cards. While doing this will enable you to just spend the money you have, you need to consider the … Continue reading

LowCards.com Weekly Credit Card Update–December 20, 2013

Target Says 40 Million Credit, Debit Cards May Have Been Compromised in Security Breach Target said Thursday that credit and debit card account information for 40 million of its customers may have been stolen during the height of the holiday … Continue reading

Important Considerations for Balance Transfer Cards

A balance transfer credit card can be incredibly beneficial when you are overwhelmed by credit card debt. These offers have the potential to save you money in interest penalties and allow you to consolidate your debt onto one card. Before … Continue reading

CFPB Orders $34.1 Million Healthcare Card Refund

The Consumer Financial Protection Bureau is ordering a $34.1 million refund to over one million customers who have used GE Capital Retail Bank's CareCredit card. CareCredit cards are designed to pay doctor and dentist bills with no interest, but recent … Continue reading

Recent Stories & News

Prepaid Card for Bitcoins Introduced

Prepaid Card for Bitcoins Introduced

April 15th, 2014

Bitcoin enthusiasts may have a new way to get access to their favorite digital currency. A company c[...]

Stolen Target Credit Card Numbers Used in Denver

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April 15th, 2014

More credit card numbers stolen in the Target breach continue to surface. A suspect in Lakewood, Col[...]

New Service Allows Shoppers to Load Digital Coupons onto Credit Cards

New Service Allows Shoppers to Load Digital Coupons onto Credit Cards

April 15th, 2014

Coupons.com is known for helping people save money, but its newest service may bring those savings t[...]

Another Massive Data Breach Under Investigation

Another Massive Data Breach Under Investigation

April 14th, 2014

A data breach that may have exposed the personal information of over 200 million Americans--over twi[...]

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

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

April 11th, 2014

Heartbleed Threat Puts Passwords, Credit Cards, and Other Data at Risk Passwords, credit cards and [...]

Men Spending More on Credit Cards

Men Spending More on Credit Cards

April 10th, 2014

Women aren't the only shopaholics in the world. New studies indicate that men may be just as much to[...]

PayPal Here Redesigned to Accept Chip-and-PIN Credit Cards in Australia

PayPal Here Redesigned to Accept Chip-and-PIN Credit Cards in Australia

April 10th, 2014

PayPal Here is a mobile app and bluetooth device which allows small businesses in Australia to accep[...]