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
Citigroup is buying Capital One's portfolio of Best Buy branded credit cards, allowing Capital One to end its Best Buy agreement early. The cards have loan balances of about $7 billion. The financial details were not released. The sale is … 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
The holiday shopping rush is on. Paying with a credit card makes it is easy to be in the spirit of buying and giving without paying attention to how much money is being spent. But January credit card bills bring … 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
Running short on cash? You may have been tempted to use your credit card at an ATM machine or perhaps try one of those convenience checks in your credit card statement. But before you resort to either of these alternatives, … 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