LowCards.com Weekly Credit Card Update–February 24, 2017

Costco’s Big Credit Card Bet Has Paid Off About eight months ago, Costco made a move that could have caused a massive disruption in its business. The company completed a long-in-the-works plan to drop its longtime rewards credit card company American Express and replace it with a Visa card supplied by Citigroup. It was a


Prudential Considering Action Against Wells Fargo

February 23, 2017

Wells Fargo may face more financial repercussions over last year’s scandal. In September, the financial giant was fined $185 million for opening..

17,000 American Senior Communities Employees are Victims of W-2 Phishing Scam

We are in the midst of tax season, which unfortunately means many Americans are at risk for fraud on their tax returns. About 17,000 American Senior C..

Student Loan Debt Far Outpaces Credit Card Debt

Student loan debt is on the rise, and Americans now owe $1.31 trillion, according to the Federal Reserve Bank of New York. This is nearly double the $..

Pentagon Federal Credit Union Launches New Cash Back Credit Card

Pentagon Federal Credit Union (PenFed) just launched a new cashback credit card. The PenFed Power Cash Rewards Visa Signature Card offers up to 2% cas..

The LowCards.com Weekly Credit Card Rate Report for February 22, 2017

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 car..

IBM and Visa Transform Connected Devices into Points of Sale

February 22, 2017

IBM and Visa announced a collaboration that could transform every Internet of Things (IoT) device into a point-of-sale system. Visa’s global pa..

Banks Push to Restructure Anti-Money Laundering Rules

The Clearing House, an association that represents major banks in America, recently published a report detailing the problems with current anti-money ..

One in Four Americans Have Been Victims of Healthcare Data Breach

One in four Americans (26%) have had their medical information stolen, and these breaches can be quite costly, according to recent research from Accen..

CFPB Trying to Help Unbanked Consumers Obtain Credit

February 21, 2017

The Consumer Financial Protection Bureau has launched an inquiry in an effort to help unbanked Americans gain access to credit. Lenders generally use ..

Internet of Things Market to Reach $1.37 Trillion by 2021

The global Internet of Things (IoT) device market will grow to $1.37 trillion by 2021, which is a compound annual growth rate of 4%, according to rese..

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