Will Lowering My Credit Limit Hurt My Credit Score?

Most people want to raise their credit limit on their credit card in order to have more money available to them, but there are situations in which lowering your limit is a better option. If you are considering doing that … Continue reading

MasterCard Profits Rise While Visa Income Falls

MasterCard's third-quarter profits jumped 14% over second quarter results, while Visa's profits declined 28% during this time. Much of MasterCard's success comes from two factors: its global expansion during the past few years and a worldwide transition from cash to … Continue reading

Visa’s Profit Up 25 Percent Due to Growth in Credit Card Spending

Visa net profit increased 25 percent in the last three months of 2012, up from $1.03 billion a year ago to $1.29 billion. Consumers used their credit and debit cards more often during holiday shopping. Visa, the world's largest payment … Continue reading

LowCards.com Weekly Credit Card Update December 7

Credit Card Penalty Payments are Arriving More than $425 million in refunds and restitution will soon be sent to millions of consumers nationwide, penalties paid for deceptive credit card practices. And another $410 million--from Bank of America--is already landing in … Continue reading

Seven Naughty And Nice Holiday Spending Tips

Have you been naughty or nice this holiday season with your credit card spending?  If you haven't been keeping track, you'll most certainly find out when your credit card statements come in January.  Here are seven naughty holiday pitfalls and the nicest … Continue reading