LowCards.com Weekly Credit Card Update–July 31, 2015

Could Mike Tyson Become The New Face For Bitcoin? Although bitcoin has taken some major steps toward mainstream adoption over the past year, the cryptocurrency's user base is still largely dominated by tech-savvy individuals who see digital currencies as an … Continue reading

42% of IT Decision Makers Aren’t Moving on EMV Transition

Many businesses are not prepared for the upcoming October 1st deadline for processing chip-embedded credit cards, according to a new survey from Randstad Technologies. A large portion of IT decision makers--those involved with deciding the technological state of a company--still have … Continue reading

Growth in European Card Fraud Fueled by Card-Not-Present Transactions

According to the latest FICO report, card fraud in Europe only grew by 6% in 2014. A majority of this increase was due to cross-border fraud, with domestic losses remaining relatively flat. While this number shows promise for the continent's card … Continue reading

Discover Cuts Back Credit Card Travel Benefits on August 1

Discover cardholders will have a little less to smile about on August 1st, when the credit card company discontinues some of its travel benefits. Specifically, Discover will no longer offer 24/7 travel assistance, emergency roadside assistance and baggage delay insurance. … Continue reading

The LowCards.com Weekly Credit Card Rate Report for July 28, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

Citi Simplicity vs. Citi Diamond Preferred

Just because you have credit card debt, it doesn't mean you will be treated right by your credit card issuer. Citi has two cards with outstanding offers for interest-free financing on new purchases and balance transfers--the Citi Simplicity and the … Continue reading

LowCards.com Weekly Credit Card Update–July 24, 2015

Adultery Website Hack Could Expose 37 Million Cheaters Ashley Madison, the adultery website which uses the tagline "Life is short. Have an affair," confirmed that it suffered a "criminal intrusion" into its system which could expose private details of as … Continue reading

Citi Simplicity vs. Chase Freedom

Credit cards with no annual fees are favorites with many cardholders. While some don't find any value in these fees, others simply refuse to pay for the privilege of using a credit card when there are so many cards offered … Continue reading

Apple Patent Targets Ads Based on Credit Card Balance

Apple may soon be taking personalized ads to a whole new level if its pending patent application gets approved. The application outlines the possibility for Apple to check your credit card balance in order to push ads your way that … Continue reading

Citibank to Refund $700 Million Over Illegal Credit Card Practices

Today, the Consumer Financial Protection Bureau has ordered Citibank to refund $700 million to 8.8 million customers for illegal credit card practices. The CFPB said Citibank engaged in deceptive marketing and unfair billing of credit card add-on products from 2003 … Continue reading

The LowCards.com Weekly Credit Card Rate Report for July 21, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

CVS Online Photo Investigates Potential Data Breach

Just days after Walmart Canada shut down its online photo center for a data breach, CVS began investigating a potential data breach for its online photo service. CVS has shut down its platform as it looks into possible credit and … Continue reading

Students Stress about Finances, Despite Good Credit Card Habits

According to a survey from the The Ohio State University, 72% of college students are stressed about their finances. Nearly 60% of college students in four-year universities worry about being able to pay for school, and those in junior colleges are … Continue reading

LowCards.com Weekly Credit Card Update–July 17, 2015

Credit Cards are the Preferred Payment Method It's all in the cards--the days of cash and carry are long gone. When consumers pay for purchases today, whether in person or online, the overwhelming majority prefer to use a debit or … Continue reading

Why Do Credit Cards Get Declined?

Don't you hate it when you go to make a purchase, but your credit card is declined? It's hard to tell what's worse, the embarrassment of being presumed to be broke, or the lack of accurate information offered by the merchant. … Continue reading

The LowCards.com Weekly Credit Card Rate Report  for July 16, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

Walmart Canada Investigates Potential Online Data Breach

Walmart Canada is currently investigating a potential credit card data breach for an online photo center operated by a third party. The company announced the investigation on Monday and proceeded to close down the website yesterday. "We were recently informed … Continue reading

CFPB Proposes a Faster Payments System in America

The Consumer Financial Protection Bureau is proposing a new set of guidelines for faster payment systems in the United States. While financial institutions and payment processors work to reduce "pocket-to-pocket" payment times, the CFPB wants to ensure that the upgraded … Continue reading

Data Breach at FireKeepers Casino; 85,000 Cards at Risk

After two months of investigation, FireKeepers Casino and Hotel in Michigan has confirmed a data breach on their computer systems and payment card processors. The company began its investigation in May, and has now verified that a breach did occur … Continue reading

Do Balance Transfers Earn Points Or Miles?

If you are carrying a balance on your credit card, your highest priority should be to reduce your interest costs and pay off your debt. But while you are doing so, it could be nice to earn rewards from completing … Continue reading

LowCards.com Weekly Credit Card Update–July 10, 2015

Meet AmEx's PayPal Competitor, Express Checkout As the war to own the digital wallet continues, American Express is joining the battle with Express Checkout, a new way to pay using your AmEx card online. AmEx Express Checkout is similar to … Continue reading

The LowCards.com Weekly Credit Card Rate Report for July 9, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

Macy’s Severs Ties with Trump, Supporters Cut Up Credit Cards

In response to Donald Trump's controversial remarks about immigrants from Mexico, Macy's has decided to pull his clothing line off their shelves. "We are disappointed and distressed by recent remarks about immigrants from Mexico," Macy's said in a statement. "In … Continue reading

Credit Card Tips if Traveling to Greece

Yesterday, Greece held an historic vote on a referendum to accept terms on a new loan from other European countries. The loan terms called for more spending cuts and an increase in taxes. After years of similar loans and policies, … Continue reading

A New Way to Protect Against Identity Theft

Another day and another data breach. Actually, two of them. Trump Hotel Properties and Harvard University both announced recently they had possible breaches of their databases, exposing customers and students to identity theft. Significant data breaches are happening almost every … Continue reading

LowCards.com Weekly Credit Card Update–July 2, 2015

The Postal Service Wants You to Bank at Your Post Office Elizabeth Warren would like to change the way you bank. The Massachusetts Senator and consumer advocate firebrand may not be running for president. But her backing of the U.S. … Continue reading

The LowCards.com Weekly Credit Card Rate Report for July 2, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

CFPB Slams Two Credit Card Add-On Companies for Unfair Billing Practices

Today, the Consumer Financial Protection Bureau has fined two companies, Intersections, Inc. and Affinion Group Holdings, Inc, for selling credit card add-on products to consumers, but never providing the services to the buyers. Many credit card companies work through third-party … Continue reading

35% of Adults Bring Credit Card Debt into Relationships

Over one-third (35%) of adults bring credit card debt into new relationships, more than any other form of financial debt, according to a new survey from NerdWallet. Men were more likely to bring credit card debt into the relationship than … Continue reading

LowCards.com Weekly Credit Card Update–June 26, 2015

Who's Addicted to Mobile Banking Are consumers addicted to mobile banking? Well, if pulling out a mobile phone to check a bank account balance during dinner--and even on a date--qualifies as addictive, then the answer is yes. A Chase-commissioned survey … Continue reading

Citi and Brooks Brothers Enter Credit Card Partnership

Today, Citi Retail Services and Brooks Brothers, the country's longest established apparel brand, announced a multi-year credit card relationship. Citi will provide private label and co-branded credit cards for the retailer. Citi currently provides private label and co-branded cards for … Continue reading

The LowCards.com Weekly Credit Card Rate Report for June 25, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

More Consumers Using Credit Cards to Finance Big Purchases

Americans are increasingly using their credit cards rather than tapping home-equity lines of credit to pay debts or finance a big purchase. According to new research from Sanford C. Bernstein & Co., more consumers are now utilizing their credit cards … Continue reading

Consumers Still Confused about their Credit Scores

The vast majority of Americans (90%) recognize the importance of having access to credit. But a significant percentage (52%) of adults do not understand the most influential factors that go into a credit score, and almost 40% do not know their … Continue reading

Is It Better to Overdraft a Checking Account or a Credit Card?

In desperate times, having the ability to overdraft your checking or credit card account can come in handy. It's like an instant personal loan without having to fill out an application. Of course, this loan has to be paid back right away … Continue reading

LowCards.com Weekly Credit Card Update–June 19, 2015

Almost One in Six US Consumers are Using Mobile Wallets Almost one in six US consumers (15%) have used a mobile wallet in the past six months, up from 9% in the same period in 2013, and an additional 22% … Continue reading

MasterCard To Provide Tokenization for Private Label Credit Cards

MasterCard has become the first payment provider to extend tokenization services to store branded credit cards. Tokenization is a unique security feature that credit card providers will adapt in the near future. Rather than collecting card data from their customers, … Continue reading

The LowCards.com Weekly Credit Card Rate Report for June 18, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

How Is My Credit Card Limit Determined?

Credit card limits are determined by a variety of factors. Credit card companies are not going to put themselves in a position where they are likely to lose money. Every decision the company makes is based on a customer's potential … Continue reading

Chevron and Texaco Launch Xponent Prepaid Gas Rewards Card

Chevron and Texaco have partnered to provide a new prepaid rewards card for fuel purchases. Known as the Xponent Rewards Card, this new opportunity gives consumers a chance to earn a discount on fuel just by spending money on everyday gas … Continue reading

How to Maximize Credit Card Benefits

Do you want to get the most out of your credit card rewards program? If so, you need to know how to use your credit card in the most efficient way. There are simple adjustments you can make to your … Continue reading

LowCards.com Weekly Credit Card Update–June 12, 2015

Hackers Go After Little Fish, Too, While Trawling for Credit Cards Hackers are going local in their efforts to steal credit card information from United States customers, hitting small businesses with as much frequency as retail giants. Take Eataly, the … Continue reading

4 Downsides To EMV (Chip) Credit Card Technology

Most consumers have heard the reasons credit card companies are investing in new technology in order to keep their customers' valuable personal and financial data safe. Hackers and identity thieves are using sophisticated tactics in order to get their hands … Continue reading

AmEx Launches New Dining and Travel Benefits for Premier Rewards Gold Card

American Express has enhanced the benefits for Premier Rewards Gold Card members with new dining and travel rewards. These perks are available for new cardholders, as well as existing members. Some of the new rewards include: Double points at restaurants in … Continue reading

The LowCards.com Weekly Credit Card Rate Report for June 11, 2015

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1,060 credit cards in the United States. Our editorial team constantly tracks the cards in order to identify trends in credit cards interest rates. Our index showed the Annual … Continue reading

Capital One Venture Rewards vs. Barclaycard Arrival Plus

Airlines started their frequent flier programs as way of rewarding their best customers and encouraging loyalty. In addition, airlines began offering credit cards that earn frequent flier miles to extend these programs beyond travel. Yet in the past decade, the … Continue reading