Coin to Issue 10,000 Beta Cards This Fall

The highly anticipated Coin card will be placed into the hands of 10,000 additional beta testers this fall. A version of the card has already been in test for some time, but only 1,000 people were in the program. This … Continue reading

Innovative ATM Reader Fights Credit Card Skimming

America has been fighting to stay ahead of credit card skimming and identity theft. But Diebold, Inc. has developed a new ATM card reader called ActivEdge that may be a revolutionary anti-skimming device. The secret to ActivEdge's security is the … Continue reading

Credit Card Comparison Site Sued for Displaying Rates

First Premier Bank is suing card comparison site CardHub for displaying its credit card rates and fees on the CardHub website. First Premier claims this is copyright infringement. The suit was filed in a federal district court in South Dakota, … 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

LowCards.com Weekly Credit Card Update–August 22, 2014

Visa Wants to Make it Even Harder for Thieves to Buy Gas with Your Credit Card Gas stations are among the easiest places for crooks to use stolen credit cards. Pumps are usually unattended, so all the thieves have to … Continue reading

UPS Reveals Data Breach in 51 Stores

United Parcel Service reported yesterday that a data breach may have occurred in 51 of their UPS Stores, possibly leading to the theft of customer debit and credit card information. Malicious software that was not identified by current anti-virus software … Continue reading

QuikTrip Halts Debit Card Purchases of Lottery Tickets

If you use your debit card to pay for lottery tickets, you'll have to go somewhere other than QuikTrip. Beginning this week, the gas station chain is no longer accepting debit card payments in exchange for lottery tickets. All purchases … Continue reading

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

U.S. Bank Tests ID Scanning App

U.S. Bank is developing a new mobile app to verify the identity of their credit card applicants. The app will allow applicants to take a photo of their drivers license with their phone to instantly upload with the application. At … Continue reading

New Visa Service Helps Gas Stations Combat Credit Card Fraud

Visa is helping gas stations fight credit card fraud through a new program known as the Visa Transaction Advisor. This system uses intelligent analytics to identify purchases that have a high risk of being fraudulent. Self-serve gas stations are known … Continue reading

Amazon Launches Mobile Credit Card Reader

Amazon has taken big steps to expand its business in 2014, releasing both a mobile wallet and a smartphone. Now the company is making another significant move by offering a mobile credit card reader for offline purchases. Amazon's mobile credit … Continue reading

Credit Card Breach Hits Major Supermarket Chains

Last Friday, some of the country's most popular supermarkets, including Albertson's, Jewel-Osco and SuperValu, reported they experienced data breaches over the summer. Hackers have apparently broken into the debit and credit card payment networks of the stores under the AB … Continue reading

LowCards.com Weekly Credit Card Update–August 15, 2014

Debt Collectors, What are Their Legal Limits? Collectors call again and again in the middle of dinner. They call the wrong person. They threaten. They take advantage of the latest technology to embarrass people. Often, they violate the law. Debt … Continue reading

Retail Credit Cards Become A Bigger Ripoff

Retail credit cards have always carried extremely high interest rates. But a recent study reveals these interest rates have increased over two percentage points in the past few years. The average APR for retail credit cards is now 23.23%. The survey … Continue reading

Restaurant Takes Credit Card Fees out of Server Tips to Battle Minimum Wage Increase

Minnesota recently raised its minimum wage to $8 an hour, which is $0.75 higher than the federal minimum wage. While this small increase has benefited employees, it has also led merchants to come up with ways to offset this cost … Continue reading

The LowCards.com Weekly Credit Card Rate Report for August 14, 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

Alarming Statistics about Delinquent Debt in America

A new study from the Urban Institute and the Consumer Credit Research Institute reveals that 35% of adults with credit files have debt in collections. This amounts to an astounding 77 million people. The average debt is $5,178 per person. … Continue reading

Smart Credit Cards Don’t Make Up For Dumb Credit Card Readers

Chip and PIN credit cards are thought to be the solution for credit card security issues in the United States, but hacking experts have recently revealed those accounts may be more vulnerable than we think. The smart cards themselves may be … Continue reading

5 Tips For Credit Card Management In Your 20′s

Your 20’s are an important time in your life. It is usually when you are first given the burden of handling and managing your own money. For many, this can be liberating, but it also comes with its own set … Continue reading

LowCards.com Weekly Credit Card Update–August 8, 2014

Why You Have To Start Paying Down Your Credit Cards Right Now Federal Reserve meetings aren't high on most people's list of interesting things, but if you have a credit card and carry a balance, you should probably start paying … Continue reading

“Backoff” Malware Program Causes Big Headache for Homeland Security

A program intended to help consumers fight credit card fraud is causing a significant problem for the Department of Homeland Security. Backoff is a malware program deployed to a store's point-of-sale system through remote access applications. Remote access applications are programs that … Continue reading

5 Worst Data Breaches Of 2014

Data breaches have unfortunately become a common occurrence in today's society. It seems a newsworthy breach has taken place almost every week since the massive Target hack occurred in late 2013. A data breach can cripple a business and cause … Continue reading

The LowCards.com Weekly Credit Card Rate Report for August 7, 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

High Credit Card Debt Increases Risk of Depression

According to a study from Rutgers University, older adults with a high level of unsecured debt are much more likely to exhibit symptoms of depression compared to people with secured debt. Unsecured debt is debt that has no physical property … Continue reading

GameStop To Offer Credit Card With Very High APR

GameStop, the retail store that purchases and resells used games, will soon introduce its own credit card. The card will be marketed to hard core game enthusiasts in the United States, but it comes with some pricey drawbacks that may send … Continue reading

5 Tips For Getting A Small Business Credit Card For A New Business

When you operate a small business, it is important to use all your available capital and lines of credit to avoid cash flow problems. Frequently, new businesses don’t have a lot of cash on hand, making it beneficial to obtain … Continue reading

Which States Have the Most Credit Card Debt?

The latest credit card debt statistics from Experian indicate that consumers in some states are starting to carry larger credit card balances once again, despite a slight improvement between 2012 and 2013. The average outstanding credit card debt in America … Continue reading

LowCards.com Weekly Credit Card Update–August 1, 2014

A Third of Americans Delinquent on Debt More than a third of the country is in trouble when it comes to paying debts on time; 35% of Americans have debt in collections, according to a study out Tuesday from the … Continue reading

The LowCards.com Weekly Credit Card Rate Report for July 31, 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

Visa Invests in LoopPay Mobile Wallet

Visa is investing in mobile wallet app LoopPay, a mobile payment solution accepted at a majority of retail point-of-sale terminals. LoopPay is designed to turn a phone into a credit card to swipe at a register. The app uses a traditional … Continue reading

CFPB Now Accepting Complaints on Prepaid Cards and Gift Cards

The Consumer Financial Protection Bureau is now accepting complaints about gift cards, prepaid cards, benefit cards and general purpose reloadable cards. The bureau has also begun accepting complaints about other non-banked products, like credit repair services and title loans. Companies … Continue reading

Amazon Launches Its First Mobile Wallet

Amazon's first mobile wallet quietly debuted on the Amazon Appstore and Google Play last week. The app is designed to be used at checkout terminals for dozens of merchants. While the idea of a mobile wallet implies storing credit card … Continue reading

Goodwill Investigating Possible Credit Card Data Breach

Goodwill Industries announced it is investigating a possible data breach in its thrift stores. The company is working closely with authorities to see if any credit card information was leaked during the potential security issue. Several banking institutions have been … Continue reading

LowCards.com Weekly Credit Card Update–July 25, 2014

Will Debit Card Rewards Become a Perk of the Past? Banks are still struggling to regain their footing from the financial collapse and resulting Great Recession. As profits shrink and expenses expand, the biggest banks in America are shedding thousands … Continue reading

The LowCards.com Weekly Credit Card Rate Report for July 24, 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

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