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.

Paying for College Tuition with Credit Cards Can Be Costly

Despite the convenience that comes with paying for college tuition with a credit card, the choice to do so could be costly. According to a new research study, the average convenience fee for colleges that accept credit cards is 2.62%. This … Continue reading

Even a President’s Credit Card Can Be Declined

Even President Obama has had to face the embarrassment of getting his card declined. Last month, Obama's credit card was declined at Estela in downtown Manhattan while the President was preparing for the annual United Nations General Assembly. "It turned … Continue reading

Credit Card Issuers Will Earn $159 Billion This Year

According to a new report from R.K. Hammer, U.S. credit card issuers will generate $158.6 billion in revenue this year. That is a 9% increase from the $146 billion in 2013, and only 6% less than the debt peak back … Continue reading

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

Kmart Says its Store Registers Were Hacked, Exposing Credit Cards For about a month, Kmart says, its stores' checkout registers were "compromised by malicious software that stole customer credit and debit card information." The company, owned by Sears, says it … Continue reading

New Technology Offers Card Security for Online Payments

EMV chip technology has been fairly effective in cutting down card fraud with transactions that take place at store level. Most of the card breaches in the United States during the past year have taken place within retail stores. As … Continue reading

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

Banks in U.S. Moving to Chip-Based Debit and Credit Cards In the coming year, banks in the United States are likely to replace debit or credit cards with versions that have tiny computer chips embedded in them, a move aimed … Continue reading

Circle App Allows Bitcoin Purchase with Prepaid Visa Card

Circle is an app that some analysts believe has the potential to bring Bitcoins into the mainstream financial world, especially now that Circle allows users to buy Bitcoins with Visa prepaid cards. Bitcoin users have been raving about Circle since … Continue reading

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

Cyberattack Against JPMorgan Chase Affects 76 Million Households A cyberattack this summer on JPMorgan Chase compromised the accounts of 76 million households and seven million small businesses, a tally that dwarfs previous estimates by the bank and puts the intrusion … Continue reading

Aldi Now Accepting Credit Cards in England

Aldi, the retail food chain best known for its low prices, will lift the credit card ban for its stores in England beginning October 13. Until now, the store has operated on a cash and debit card payment system, but … Continue reading

U.S. Bank to Refund $48 Million for Improper Credit Card Practices

Last week, the Consumer Financial Protection Bureau lowered the boom on U.S. Bank for improper credit card practices. The CFPB ordered the bank to refund $48 million to customers. The bank must also pay fines of $5 million to the … Continue reading

Credit Card Processors Help Cyberlockers Distribute Stolen Content

A new report indicates credit card processors, such as Visa and MasterCard, authorize payments on cyberlocker websites that distribute stolen content on the web. The NetNames report done for Digital Citizens Alliance looked at 30 of the biggest cyberlocker sites on … Continue reading

Fraudsters Target Unbanked with Prepaid Card Scam

There is a new form of money fraud, and this time, crooks are using MoneyPaks to get the job done. The thieves are using creative tricks to obtain the 14-digit code off the back of MoneyPak cards and then stealing … Continue reading

No Joke–Saturday Night Live Now Offers a Rewards Credit Card

Saturday Night Live, the legendary comedy show now in its 40th season, has introduced a rewards credit card that gives special bonuses for spending money on entertainment. The Saturday Night Live MasterCard features a rewards program where people earn points … Continue reading

Wallaby Brings Credit Cards to Smartwear

Mobile wallet provider Wallaby has developed a new product for smartwear. The app, known as Wallaby for Android Wear, brings the basic features of Wallaby's mobile wallet to smartwatches and other available Android wearables. With Wallaby for Android Wear, you … Continue reading

LowCards.com Weekly Credit Card Update–September 19, 2014

Millions of Americans' Wages Seized over Credit Card and Medical Debt Millions of Americans are still grappling with debt they've accumulated since the recession hit. And new numbers out show many are having a tougher time than you might think. … Continue reading

More Women Are Taking Control of Personal Finance Decisions

There has been a significant shift in women and their involvement with their personal finances and investments during this past generation, according to a recent survey from Ameriprise Financial. The survey included women between the ages of 25 and 70 … Continue reading

Flipping Money Scam Steals Money through Social Media

Social media sites are currently being flooded with "flipping money" scams that put users at risk of debit card fraud. These get-rich-quick opportunities are far from new, but they are now becoming a growing problem in fraud prevention. Scam artists … Continue reading

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

Apple Pay Could Make you Poorer The new Apple payment system has extraordinary promise. With Apple Pay, you might not need a wallet, and you can leave your credit and debit cards at home. In terms of ease and convenience, … Continue reading

Do Credit Cards Expire on the First or Last Day of the Month?

All credit cards come with an expiration date. This is imprinted on the front of the card and usually shows a month and a year. Many times, the expiration date does not show a specific date on which the card expires. So … Continue reading

Walmart to Launch EMV-Enabled Credit Card

Shoppers who use the Walmart credit card will be able to enjoy enhanced security as the store rolls out its chip-and-PIN credit cards. This is part of a significant and widespread movement in the United States projected to be completed … Continue reading

New Citi Double Cash Credit Card Gives Twice the Rewards for Paying Off Your Balance

A new rewards credit card from Citi known as Double Cash offers bonus cash back when you pay off your credit card debt. The program is designed to encourage consumers to keep their debt low and reward them when they … Continue reading

Why Mobile Wallets Haven’t Taken Off Yet

Mobile wallets are becoming widely available on the market, yet they are mostly seen as a gimmick, not a convenience. There are many reasons why consumers are not using mobile wallets just yet, and indications are this transition will be … Continue reading

LowCards.com Weekly Credit Card Update–September 5, 2014

Home Depot's Credit Cards May Have Been Hacked A massive batch of credit and debit card information that went on sale on a criminal Internet site Tuesday may be from Home Depot stores and could be linked to hackers responsible … Continue reading

More Millennials Are Using Credit Cards for Small Purchases

A new consumer spending survey reveals millennials are increasingly using credit cards to make small purchases. Cash still reigns supreme, but plastic is becoming a popular option for transactions under $5. The survey indicated quite a disparity on the use … Continue reading

Target Hit with Yet Another Credit Card Breach

Target stores in the Stockton, California area have been victim to yet another credit card breach after the nationwide hack that happened in December 2013. This breach was on a much smaller scale, but still resulted in more than $200,000 in … Continue reading

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

Recent Stories & News

Paying for College Tuition with Credit Cards Can Be Costly

Paying for College Tuition with Credit Cards Can Be Costly

October 22nd, 2014

Despite the convenience that comes with paying for college tuition with a credit card, the choice to[...]

Citibank to Provide Free Credit Scores to Cardholders

Citibank to Provide Free Credit Scores to Cardholders

October 21st, 2014

Citibank will become the largest credit card issuer to provide free credit scores to their credit ca[...]

Even a President's Credit Card Can Be Declined

Even a President's Credit Card Can Be Declined

October 21st, 2014

Even President Obama has had to face the embarrassment of getting his card declined. Last month, [...]

Staples Investigating Potential Data Breach

Staples Investigating Potential Data Breach

October 21st, 2014

Staples may be the latest victim of a debit and credit card breach. The office supply chain annou[...]

Credit Card Issuers Will Earn $159 Billion This Year

Credit Card Issuers Will Earn $159 Billion This Year

October 20th, 2014

According to a new report from R.K. Hammer, U.S. credit card issuers will generate $158.6 billion in[...]

Federal Agents Accused of Misusing Credit Cards

Federal Agents Accused of Misusing Credit Cards

October 20th, 2014

A congressional hearing last week revealed there may have been significant misuse of taxpayer-funded[...]

President Obama Tightens Security on Government-Issued Debit Cards

President Obama Tightens Security on Government-Issued Debit Cards

October 17th, 2014

Even the federal government is feeling uneasy about the security of debit and credit cards. React[...]