In today's credit card market, there are hundreds of cards that are offered to consumers. In fact, LowCards has the largest and most updated database of credit cards and interest rates in our complete credit card index. However, just because … Continue reading
Research company TNS issues an annual report on the top banking and investment companies in America. Winners are chosen based on their ability to attract and retain new customers for the given year. The 2013 TNS Choice Awards winners by … Continue reading
18 States Considering Ban on Credit Card Surcharges Eighteen states are now considering legislation that would bar retailers from imposing surcharges when consumers use their credit cards. Ten states have already imposed bans on credit card surcharges, which limited the potential impact of … Continue reading
The number of credit cards in the United States increased last year as did the number of credit card transactions, according to the latest Nilson Report. The number of general purpose credit cards in circulation grew to 526.6 million by … Continue reading
Prepaid Cards May Lack Protections of Checking Accounts Reloadable prepaid cards don't have to carry federal deposit insurance, as checking accounts do, says a new report from a project of the Pew Charitable Trusts. Cardholders can use them for direct … Continue reading
J.P. Morgan Chase and Visa are entering into a partnership to develop a processing service where selected retailers give special discounts to Chase Visa cardholders that are applied at the time of purchase. The ten-year partnership, called Chase Merchant Services, … Continue reading
As debit cards continue to replace checks and cash as the most popular way to purchase goods and services, more consumers are turning to transactions not tied to traditional banking accounts. Birmingham-based Regions Financial Corp. jumped into the fray a … Continue reading
On Monday, ten U.S. banks agreed to pay $8.5 billion to settle regulator's accusations that they didn't follow the correct foreclosure process and made errors in the loan process. This includes the robo-signers used to sign off on thousands of … Continue reading
The start of a new year is typically when consumers take a close look at their finances, making resolutions on saving money and cutting expenses. It may be an annual tradition, but this year there is an urgency as lawmakers … Continue reading
Consumer Group Warns of Card Surcharges Credit cardholders must be on the watch for new check-out fees that merchants will be able to impose starting in January under a class-action settlement with Visa and MasterCard. But merchant trade groups say … Continue reading
Chase is temporarily waiving some bank, loan and credit card fees through October 31 for customers who will be affected by Hurricane Sandy. The bank will waive or credit the following fees for customers in New York, Delaware, Connecticut, Maryland, … Continue reading
After months of delays, mobile payment took another step forward this week with the launch of the Isis system in Salt Lake City and Austin. Isis allows consumers to make payments with their smartphone by waving it at a check-out … Continue reading
Credit Cards Charge Up Healthy Margins Consumer confidence is up, and household debt is down. That's good news for retailers. It's also good for credit card processors Visa and MasterCard. Strong revenue is only part of the story. Leveraging profits … Continue reading
In September, delinquencies for five major credit card issuers increased from their near-historic lows. Bank of America, American Express, Chase, Discover and Capital One all showed slight increases from August to September in their delinquency rate. A delinquent account is … Continue reading
U.S. Credit Card Lenders Shun Add-Ons as CFPB Cracks Down Chase, Bank of America and American Express are among credit card lenders retreating from a $2.4 billion market as regulators seek curbs on deceptive marketing of products including debt cancellation. Scrutiny … Continue reading
The Consumer Financial Protection Bureau is punishing credit card issuers that misled cardholders into buying payment protection and credit monitoring services. This week, the CFPB announced that Discover will pay $214 million in fines and penalties. In July, Capital One … Continue reading
Thanks to regulations and legislation on credit cards, banks are turning renewed attention to an old source of revenue: prepaid cards. Prepaid cards were once the black sheep of the card family, charging high interest rates and fees to consumers … Continue reading
Americans are slowly getting more options for EMV chip credit cards for overseas travel. The EMV (stands for EuroPay, MasterCard and Visa) chip has replaced the magnetic stripe in most countries but the United States, and this has created problems for travelers … Continue reading
Chase is helping its customers in Mississippi and Louisiana who are in the path of hurricane Isaac by waiving Chase fees charged from August 28, 2012 through August 31, 2012. Chase sent out an email to customers in those areas … Continue reading
There is good news for international travelers. Banks are adding chip technology, also known as EMV, to more international credit cards. Using the old magnetic strip credit card outside the United States has become somewhat of an ordeal for travelers. Many … Continue reading