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

Orbitz Launches Visa Cash Back Rewards Card

Travel site Orbitz has introduced its own cash back Visa card. This is similar to the Travelocity card from American Express or the Expedia card from Citi Bank. The Orbitz card offers cardholders cash back, not rewards points. Technically, users … 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

Citi Replacing All Debit Cards Affected by Massive Target Breach

The fallout from the Target data breach continues. Citi will replace every debit card that consumers may have used at Target during the time of the cyber attacks, according to the New York Times. Citi will not replace any credit … Continue reading

How Banks Are Responding to Massive Target Breach

The security breach that took place in Target stores during the peak holiday shopping season hurt more than the giant retailer. It created substantial headaches for the banks and issuers behind the 40 million accounts with additional costs of fraud … Continue reading

Do You Know about Credit Card Price Matching?

Most of us are familiar with Walmart's "low price guarantee," in which Walmart matches the advertised price from another store. All you have to do is prove that the other store is offering a lower price on the exact same … Continue reading

10 Credit Card Tips to Better Manage Holiday Spending

We are approaching one of the biggest shopping weekends of the year. Nearly 140 million people plan to shop over the four-day Thanksgiving weekend according to the National Retail Federation. Last year, the average shopper spent $423 over the Thanksgiving … Continue reading

Credit Card Rewards Programs Under Review by CFPB

The Consumer Financial Protection Bureau is starting to review whether credit card rewards programs are misleading to credit card users. The result of the review may be new, strict rules about the transparency of rewards programs, including details about cash … Continue reading

Save on Holiday Shopping Using Credit Card Rewards

The holidays are here, and soon consumers will be hitting the malls and emptying their wallets. Last year, consumers spent an average of $786 on holiday gifts. According to the National Retail Federation’s holiday spending survey, nearly 75% of the … Continue reading

Best Credit Cards for Holiday Shopping

The holiday season brings out the shopaholic in all of us as we buy the gifts for loved ones and friends. To make the most of the money you spend, make sure you maximize your credit card rewards program. Here … Continue reading

Credit Union Credit Cards Threaten Big Banks

A greater number of local credit unions across the United States are starting to issue credit cards to their members. Some of these have been more successful than others, but the growth of this phenomenon is creating competition for big … Continue reading

How Can I Build Credit without a Credit Card?

Building credit can be a tricky process because it takes credit to build credit. Most people struggle to build their credit history without initially using some "starter" credit cards to get the ball rolling. How can you build credit without … Continue reading

Best Student Credit Cards of 2013

Student credit cards are great tools to help young adults build their credit scores. These cards can provide a good source of emergency funds as well, as long as students understand the debt and the risks that can come along … Continue reading

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

CFPB's Data Mining of Credit Card Data Challenged in Heated House Hearing Consumer Financial Protection Bureau officials are seeking to monitor four out of every five U.S. consumer credit card transactions this year--up to 42 billion transactions--through a controversial data-mining … Continue reading

American Express Again Tops in Customer Satisfaction

For the seventh year in a row, American Express was ranked the highest in customer satisfaction in the 2013 U.S. Credit Card Satisfaction Study from J.D. Power. AmEx has topped the charts since J.D. Power started the annual satisfaction survey, … Continue reading

What Is the Best Credit Card for Me?

A couple decades ago, there were only a few credit cards offered in the United States. Now, there are over 1,000 on the market. Issuers like Citi, Chase, Discover, Capital One, Barclay, Bank of America and American Express have saturated … Continue reading

Reconsideration–Another Chance at Getting a Credit Card

Reconsideration is an unpublished "secret" in the credit card industry. If your credit card application has been rejected, there is a number you can call to explain your side of the story to a real person and appeal for approval. When … Continue reading

LowCards.com Weekly Credit Card Update–July 19, 2013

Wells Fargo Eyes a Credit Card Push Wells Fargo has the most retail banking branches in the country, and makes the most mortgages, small business loans, commercial real estate loans and auto loans, but it is small in credit cards. … Continue reading

Earnings Soar for Most Major Banks

Most major banks saw their profits soar during the second quarter of 2013. Quarterly earnings increased as banks lowered their credit loss provisions, the economy improved and customers paid down their debts. The reports also showed that the credit card business for most … Continue reading

Credit Card Delinquencies & Charge-Offs Continue to Fall

Consumers continue to pay their credit card bills on time, and issuers are having to write off fewer accounts. Both delinquencies and charge-off rates declined from April to May for five of the six top credit card issuers. Delinquency rates represent the … Continue reading

Citi Sells Brazilian Credit Card and Finance Business

Citigroup announced last week that it will sell its Brazilian credit card and consumer finance business to Banco Itaú Unibanco, Brazil's largest bank based on market value. The sale was reportedly made for $1.3 billion and includes 96 Credicard branches and approximately … Continue reading

Notable Growth in Credit Cards During 2012

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

Citi to Purchase Best Buy Credit Card Portfolio

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

Choosing the Best Credit Card for 2013

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

Credit Card Delinquencies Increase for Five Major Issuers

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

More Issuers Adding Chip Technology to Credit Cards

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