Consumers Plan to Use Credit Cards for Holiday Shopping

Americans have seen a number of substantial data breaches since last year's holiday season, but that has not had a major effect on how they plan to pay for their items this Christmas. A new survey from TransUnion shows 80% of … Continue reading

Credit Card Debt Reaches Post Recession High

New credit card debt in America hit a post-recession high in the second quarter of 2014, reaching a total of $28.2 billion, according to a new study. That is the largest amount of debt since the economic downturn and almost 200% … Continue reading

Do Credit Cards Let You Go over the Credit Limit?

Every credit card comes with a credit limit--a virtual cap on the amount of money you can charge to the card. This limit is set based on your credit worthiness and the specific card you have. When an emergency situation … Continue reading

More Millennials Are Using Credit Cards for Small Purchases

A new consumer spending survey reveals millennials are increasingly using credit cards to make small purchases. Cash still reigns supreme, but plastic is becoming a popular option for transactions under $5. The survey indicated quite a disparity on the use … Continue reading

5 Alternatives To Maxing Out Your Credit Card

Do you have a tendency to max out your credit card from time to time? Do you wish there was a different way to make the purchases you need? Why You Don't Want to Max Out Your Credit Card Maxing … Continue reading

World Cup Fans Spent $27 Million on Visa Cards in First 4 Days

Just four days into the 2014 FIFA World Cup in Brazil, Visa cardholders have already made $27 million in transactions. This is 73% more money than what was spent during the same four-day period in Brazil last year. U.S. travelers … Continue reading

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