How To Use A Chip And Pin Or EMV Credit Card

EMV cards are named for the credit card companies that developed the security system—EuroPay, MasterCard, and Visa. EMV cards are sometimes referred to as chip and pin cards. The great majority of credit cards issued in the United States operate … Continue reading

Credit Card Fraud on the Rise before EMV Switchover

With America on the verge of converting to EMV credit cards in the next few years, fraudsters are trying to get in on last-minute scams. This is particularly true for credit card thieves in Europe, who consider the unsecure American … Continue reading

Looters Steal Credit Cards, Valuables from Malaysia Airlines Victims

The crash site of Malaysia Airlines Flight 17 is now being looted by locals. According to reports, thieves have already taken credit cards, jewelry and cash from the victims. The horrific tragedy already cost the lives of 295 innocent victims. … Continue reading

6 Tips For Paying Off Your Credit Card Debt

If you are looking to pay off your credit card debt, you are making the right financial move. It is easy for manageable credit card debt to turn into an overwhelming situation. But the good news is that you can … Continue reading

LowCards.com Weekly Credit Card Update–July 18, 2014

Credit Card Fees are Killing Small Businesses There is no real competition in the market for credit and debit card swipe fees. Because Visa and MasterCard control 80% of the card market, they are able to dictate terms. The system … Continue reading

The LowCards.com Weekly Credit Card Rate Report for July 17, 2014

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

Late Payments on Credit Cards Show Significant Decline

Overall credit card debt has dropped substantially since the recession several years ago. Consumers are carrying less of a balance on their credit card accounts. Cardholders are slowly shifting from being "revolvers" to "transactors." As a result, one major change … Continue reading

Credit Card Knives Pose New Threats to Airport Security

The TSA is now being confronted with a new challenge in the battle to keep our airports secure: credit card knives. The small knife folds down into the shape of a standard credit card which easily fits into your wallet. … Continue reading

Consumers Anxious For Chip And PIN Credit Cards

Consumers in the United States are more than willing to transition to chip and PIN cards. In fact, a recent survey indicates the majority of Americans are looking forward to the transition. According to a survey from Vision Critical, 69% … Continue reading

LowCards Exclusive Study: Identity Theft Concerns Shifting Shopping Habits of Americans

Identity theft has become a major concern for the American consumer and is now having a significant impact on their shopping habits. These are the findings of an exclusive survey conducted on over 400 random individuals by LowCards.com.   Nearly 46% of … Continue reading

LowCards.com Weekly Credit Card Update–July 11, 2014

Report Says Debt Settlement Companies May Leave Customers Worse Off Using a settlement company to help you dig out from underneath burdensome debt may sound appealing, but it may leave you worse off than when you started, according to new … Continue reading

The LowCards.com Weekly Credit Card Rate Report for July 10, 2014

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

5 Tips For Maximizing Credit Card Rewards

Earning rewards on your credit card is a great benefit to consumers who completely pay off their balance each month on time. You can actually make money by making transactions with a credit card. But sometimes credit card companies make … Continue reading

New Card Scam Targets People On Jury Duty

A new credit card scam in Texas is targeting people eligible for jury duty. Residents are accused of missing jury duty and then asked to pay a fine over the phone with a prepaid debit card. According to Terry Grisham, … Continue reading

AmEx On Trial Over Credit Card Processing Fees

American Express went on trial yesterday with the U.S. government and 17 states claiming AmEx stifles competition from other credit card companies that charge lower processing fees. The case alleges that American Express will not allow merchants to offer discounts and other … Continue reading

Visa And MasterCard Can No Longer Block Russian Clients

A new law that went into effect in Russia on July 1st no longer allows Visa or MasterCard to block Russian clients from using their credit cards. This ruling is the result of a new national payment system that ensures … Continue reading

Hospitals Monitor Patients’ Credit Card Accounts

How would you like it if your doctor knew exactly how you spent your money every month? That pack of cigarettes you tried to keep secret or that trip to Cinnabon would be put on display for your doctor to … Continue reading

Banco Popular Acquires Citi Bank in Spain

Spain's Banco Popular will purchase Citi Bank's retail banking and credit card business in Spain. Popular is Spain's fifth biggest bank when ranked by market value. Popular will be taking on about 950 employees and 45 branches from Citi in this … Continue reading

Scan Credit Cards into Google Play to Pay for Apps

Google Play is getting a major makeover when its 5.0 version comes out. Among the many features to be added to the program, Google will now allow you to scan credit cards into your phone to pay for apps you want … Continue reading

Credit Card Companies Look to Risky Borrowers to Boost Revenue

Banks are starting to rely more heavily on risky buyers to boost their revenues, with 3.7 million in subprime credit cards being approved and distributed during the first quarter of the year. That represents a 39% increase over the same period … Continue reading

Understanding Your Credit Card Number

Do you know what the numbers mean on the front of your credit card? Are they just a random accumulation of numbers? Or do they serve a specific purpose? Much like the VIN on your car, credit card numbers are … Continue reading

Top 5 Summer Travel Credit Cards Of 2014

If you are a big summer traveler, you need to learn what credit cards give you the kinds of rewards and perks that match up with your interests. Most travelers are already familiar with credit cards that provide perks for … Continue reading

Woman Sues Kohl’s Over Harassment for $20 Credit Card Bill

A Michigan woman is suing Kohl's after receiving a number of harassing phone calls from the company over an overdue $20 credit card bill. Lisa Ratliff says that she chose not to pay the bill, incurred last November, after receiving … Continue reading

Paying Off Credit Card Debt–A Great “Investment” You Can Make

We all know that investing money is a good idea because it typically grows over time, leading to long-term profits. When someone says "investments," we usually think of stocks, bonds and mutual funds. Paying off your credit card debt may … Continue reading

Hackers Use YouTube to Sell Credit Card Data

YouTube is currently under fire for allowing thousands of videos on their website that promote the sale of stolen credit card data. Many of these videos are seen right next to ads for credit card companies like Visa, MasterCard and … Continue reading

Common Ways Thieves Steal Your Identity (And How You Can Prevent Them)

If you are worried about thieves trying to steal your identity, there are a variety of steps you can take to protect your personal data and critical information. There are a plethora of different technologies you can buy to keep … 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

PF Chang’s Brings Back Credit Card Imprinters after Breach

In lieu of a recent data breach, PF Chang's is resurrecting its old credit card imprinters to collect card payments from its customers. Chances are you haven't seen one of these mechanical  imprinters in years, if at all. The merchant places a … Continue reading

What Is Chip And Pin Credit Card Technology?

The credit card breaches at major retailers such as Target, Michaels and Neiman Marcus have rocked consumer confidence regarding their financial information. That is why credit card companies are rapidly investing in new technology to make their products more secure. … Continue reading

Scan Credit Card into iOS 8 Safari Using Your iPhone Camera

Apple has made some major improvements to iOS 8 over the last few months, and one of them is a new ability to take pictures of your credit card to use in Safari. Instead of entering your card information manually, … Continue reading

LowCards.com Weekly Credit Card Update–June 20, 2014

Suze Orman's Approved Prepaid Debit Cards are Quietly Discontinued Suze Orman is quietly getting out of the payments business. Starting July 1, Ms. Orman's Approved card, a prepaid debit card aimed at budget-challenged consumers, will no longer work, according to … Continue reading

GE Capital to Pay $225 Million for Discriminatory and Deceptive Credit Card Practices

The Consumer Financial Protection Bureau has cracked down on yet another credit card issuer. Today, the CFPB and the Justice Department ordered GE Capital Retail Bank, General Electric's retail credit card business, to pay $225 million in relief to consumers … Continue reading

Substantial Increase in Credit Card Use During Last 12 Months

Credit card use has taken a significant jump in the past year, according to new research from First Data Corp. From May 2013 to May 2014, credit card usage increased 4.9%. During that same time, PIN debit card jumped by … Continue reading

The LowCards.com Weekly Credit Card Rate Report for June 19, 2014

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

Hospitals Concerned Over Costs of Virtual Credit Cards

Some health care plans allow users to pay through virtual credit cards, which protects the cardholder's information and prevents damage during a data breach. But many hospitals are now expressing concern about this form of payment because of the interchange … Continue reading

What Is The Difference Between Chase Slate And Chase Freedom?

If you are searching for a credit card, you have two excellent choices with the Chase Freedom® and the Chase Slate® cards. Both cards have a number of perks you can use to your benefit, in addition to being great … Continue reading

How MasterCard Could Make Big Money from Your Spending Data

MasterCard is expected to see a huge boost in its profit margins by selling data about cardholder spending patterns to banks, retailers and government agencies across the country. MasterCard handles payments for more than two billion cardholders and merchants, and it … Continue reading

Credit Card Fraud May Also Be in Play at World Cup

Events like the World Cup are breeding grounds for credit card breaches, so soccer fans are being warned about using their cards during the popular event. The World Cup is taking place over the next month throughout 12 locations in Brazil, … Continue reading

10 Things You Probably Didn’t Know About Identity Theft

Identity theft has become one of the biggest concerns for Americans. However, it is also one of the most misunderstood subjects among consumers. We are always looking for ways to protect ourselves from fraud. Credit card fraud or identity theft … Continue reading

4 Things You Didn’t Know Depend On Your Credit Score

When most people reflect on their credit score, they instantly start thinking about credit cards, and their ability to get low interest rates and high credit limits. However, your credit score affects far more than just your ability to get … Continue reading

LowCards.com Weekly Credit Card Update–June 13, 2014

Credit Card Use Surges in AprilAmerican consumers threw caution to the wind in April and ran up their credit-card balances at the fastest pace in almost 13 years. The amount of outstanding revolving credit--a figure that’s mostly credit card debt--rose … Continue reading

PF Chang’s Investigates Possible Card Breach

Another well-known company has been the possible victim of a debit and credit card breach. PF Chang’s China Bistro, which operates restaurants throughout the country, reported Tuesday that they are investigating a card breach that may have occurred from March … Continue reading

The LowCards.com Weekly Credit Card Rate Report for June 12, 2014

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

AT&T Develops New Program to Help Prevent Credit Card Fraud

AT&T will pilot a new service that could help credit card companies prevent fraud. The program will let the credit card company know the current location of the accountholder based on the location of his or her phone. If that … Continue reading

Consumers Once Again Paying Mortgages Before Credit Cards

Consumers are once again making their mortgage payments ahead of paying their credit card bills, according to new research from TransUnion. This reverses the unusual trend that developed in September 2008 after the housing bust. When the housing market crashed, a … Continue reading

Who Pays For Fraudulent Credit Card Transactions?

Credit card fraud is an issue that affects a number of different parties. Credit cardholders, banks, merchants and the scammer are all involved in a process that can take weeks or even months to fully resolve. The best way to … Continue reading