Bulk Reef Supply Reports Website Hacked

Bulk Reef Supply, one of the leading suppliers for saltwater aquarium supplies in the United States, reported their website was hacked between July 30th, 2014 and January 22, 2015. Passwords, email addresses and credit card information may have been exposed … Continue reading

Credit Card Balances Reach 6-Year High

Credit card balances grew approximately 5% in 2014, the highest growth rate since the economy crashed in 2008. The report from TransUnion showed that 157 million consumers had access to a credit card during the fourth quarter of 2014, which is … Continue reading

Visa and Citi Win Credit Card Deal with Costco

Costco announced today that it will enter into a new co-brand credit card program with Citi, with Visa replacing American Express as the card network. Costco stated on February 12 that it was ending its exclusive relationship with American Express in the … Continue reading

Boku Launches Phone-on-File Payments to Compete with Credit Cards

Boku, a mobile payment solution using carrier billing, has created a program called Phone-on-File that allows phone numbers to be stored for one tap purchases, much like a credit card. The stored numbers can be used for both one-time and … Continue reading

LowCards.com Weekly Credit Card Update–February 27, 2015

Google Buys Softcard, Teams Up with Carriers on Mobile Payments Google and the mobile carriers have long been at odds over mobile payments, but faced with the runaway success of Apple Pay, the two rivals have become friends. AT&T, Verizon … Continue reading

The LowCards.com Weekly Credit Card Rate Report for February 26, 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

Millions of Consumers Confused by Free Credit Scores

More than 50 million Americans now have access to free credit scores, according to the Consumer Financial Protection Bureau. But many of these consumers have no clue how to interpret them or what to do with the scores once they see … Continue reading

LowCards.com Weekly Credit Card Update–February 20, 2015

In Challenge to Apple Pay, Samsung Buys Mobile Payment Company Samsung is buying mobile-payment startup LoopPay as the Korean phone maker steps up to challenge Apple and its payment system on iPhones. The deal strengthens speculation that Samsung Electronics plans … Continue reading

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

Did Samsung Just Beat Apple in the Mobile Payment Market?

The mobile payment industry may have taken a seismic shift today when Samsung announced it would acquire LoopPay for an undisclosed amount of money. The acquisition is seen as a major move by the South Korean company to compete with … Continue reading

JetBlue to End Partnership with American Express

JetBlue Airways Corporation will soon be dropping American Express as its credit card provider in favor of MasterCard and Barclays, according to multiple media reports. The Jet Blue-American Express partnership began in 2005, and will expire at the end of … Continue reading

Paying Down Debt Top Financial Goal for 2015

According to a new poll from American Consumer Credit Counseling, 71% of Americans say paying down debt is their top financial goal for 2015. Debt payment goals far surpassed other financial New Year's resolutions, including building a savings account at … Continue reading

LowCards.com Weekly Credit Card Update–February 13, 2015

Why Some People Still Have Hidden Bank or Credit Card Accounts More than 7 million Americans, including 4.4 million men and 2.8 million women have hidden a bank or credit card account from their live-in spouse or partner, according to … Continue reading

Costco, American Express to End Exclusive Partnership in U.S.

The exclusive relationship between American Express and Costco will end in the retailer’s United States stores on March 31, 2016, the credit card issuer announced this morning. The Canadian division of Costco made a similar decision in September of last … Continue reading

The LowCards.com Weekly Credit Card Rate Report for February 12, 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 ThankYou Premier Card Rewards Changing in April

The Citi ThankYou Premier Card is a favorite in the rewards category, and it will soon be making some slight alterations in the way it rewards its cardholders. Beginning April 19, there will be a shift in the rewards structure … Continue reading

Big Jump In Credit Card Debt in December

Consumers racked up a sizeable amount of new credit card debt during the Christmas holiday. Revolving debt, most of which is credit card debt, rose $5.8 billion during the month of December, an annualized rate of 7.9%. It was the … Continue reading

Consumers Still Skeptical of Mobile Wallets, Study Finds

A new study shows consumers are still hesitant to adapt to mobile wallets. The report indicated the low interest in digital wallets stems mainly from security concerns and limited opportunities to use the wallets. According to 451 Research as reported in … Continue reading

Subprime Credit Card Company Must Refund $2.7 Million in Excessive Fees to Customers

On Wednesday, the Consumer Financial Protection Bureau ordered subprime credit card company Continental Finance Company LLC to pay $2.7 million in refunds to its customers for misrepresented services and excessive fees. The order also mandated the Delaware-based company to pay $250,000 … Continue reading

CFPB Asks Court to Close Down Sham Credit Card

The Consumer Financial Protection Bureau is taking action against Union Workers Credit Services for convincing consumers to sign up for a sham credit card. The lawsuit was first issued in December of 2014, but the bureau requested a consent order … Continue reading

The LowCards.com Weekly Credit Card Rate Report for February 5, 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

Swyp All-in-One Credit Card Learns Your Spending Patterns

Swyp, a new innovation from Qvivr, is a digital wallet which acts as an all-in-one credit card. SWYP has a chip that stores account information for each of your cards. What makes this device special is the fact that it can predict … Continue reading

New Mexico Bill Would Allow Credit Card Payments for Lottery Tickets

In an effort to boost ticket sales for New Mexico's struggling lottery, Democratic State Senator John Arthur Smith has proposed a bill to allow players to purchase tickets with their credit cards. At this time, the only payments accepted for … Continue reading

MasterPass Expands to More Merchants

MasterPass, MasterCard's digital wallet, will now be an acceptable payment method at several major retailers. Some of these include Blue Nile, Office Depot, Broadway.com, Chegg, Shop.com, CheapO Air, Neiman Marcus and Rue La La. MasterPass can also be used to … Continue reading

Fraud-Fighting Credit Card “Final” Receives $1 Million in Funding

As the fight against credit card fraud continues in America, credit card startup Final has received a huge boost from investors---$1 million. Final is a credit card that enables users to generate multiple card numbers. Rather than a single, static … Continue reading

Top 5 Balance Transfer Credit Cards for 2015

Balance transfer credit card offers have been flooding the market for some time, giving consumers with a good credit score the opportunity to save some money. Issuers are offering cards with a 0% APR for 15-18 months on the amount … Continue reading

Stripe Automatically Updates Credit Card Info for E-Merchants

Stripe is an ecommerce payment platform that has become a favorite among online merchants. The newest program from Stripe automatically updates a shopper's credit card information when he or she gets a new card number. This streamlines the shopping process … Continue reading

LowCards.com Weekly Credit Card Update–January 30, 2015

Apple Pay Accounts for $2 out of every $3 Spent with Contactless Payments Apple CEO Tim Cook said that around $2 out of every $3 spent using contactless payments across Visa, MasterCard, and American Express are being made with Apple … Continue reading

Should I Get An Airline Credit Card Or General Travel Card?

Credit cards that offer airline miles were some of the first reward cards introduced. The premise is that credit card users simply can't resist the promise of a "free trip." But in the decades since the first frequent flier programs … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 29, 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

Bill to Reduce Credit Card Interest Rate Cap to 12.5% Voted Down in Colorado

A move to cap the interest rate on credit cards at 12.5% in Colorado was soundly defeated on Monday. The current cap is at 21%. The vote in the Republican-controlled Senate Business, Labor and Technology Committee was 6-1 against the … Continue reading

Free Apple Pay and EMV Point of Sale Terminals Offered to Small Businesses

Small businesses may soon catch a break, thanks to a new offer from Velcro Pay. The merchant middleman announced it will provide a free Apple Pay-enabled point of sale terminals to small businesses, along with tutorials on how to work with … Continue reading

Guard Against Identity Theft with Masked Credit Card Numbers from Blur

Worried about credit card thieves stealing your personal information? You may benefit from a credit card masking service called Blur that creates one-time card numbers for each of your transactions. The program was created by Abine, a privacy firm in … Continue reading

LowCards.com Weekly Credit Card Update–January 23, 2015

More Than 90% of Data Breaches Could Have Been Avoided Nine out of 10 data breaches that occurred in the first half of last year could have been avoided, according to a new report. The report, which analyzed more than … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 22, 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

A Truly “Green” Credit Card Hits The Market

Credit card issuers have marketed their cards to specific target audiences for years. Frequent fliers, bookworms, NFL fans, home fixer-uppers, students, travelers, NASCAR fans....and now, people concerned about climate change. Today, a biodegradable MasterCard that helps combat climate change hit … Continue reading

Turkey Leads Europe in Credit Card Debt

According to a new study on European credit card debt, Turkey has the highest ratio of credit card debt when compared to total consumer debt. Much of this has to do with a lack of savings in the country. Approximately … Continue reading

LowCards.com Weekly Credit Card Update–January 16, 2015

Obama Seeks Laws on Data Hacking, Student Privacy President Barack Obama wants Congress to pass legislation requiring companies to inform customers within 30 days if their data has been hacked, a move that follows high-profile breaches at retailers including Target, … Continue reading

Mobile Payments in Other Parts of the World

Mobile payments are becoming more popular as consumers use their smartphones for more everyday tasks. Every year, more shoppers are adjusting to the idea of using their phones to make a payment in a store, rather than their credit cards. … Continue reading

Skypass Visa Offers Airlines Miles on a Secured Credit Card

Most secured credit cards are set up the same way: you deposit money into your account and this serves as the spending limit on the card. Then, you build your credit by making timely payments every month. This credit-building feature … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 15, 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

Credit Card Delinquencies Remain Low Thanks to Cheaper Gas Prices

The shockingly low gas prices are giving Americans more disposable income now than they have had in years. This is doing wonders to help consumers pay back their loans in a timely manner. According to a recent survey from the … Continue reading

Panera Bread Testing Mobile Ordering

Panera Bread is expanding its technological operations to provide more convenient ordering options for its customers. Diners at the fast casual chain will soon have the option to place their orders on their phones or iPads and have them brought … Continue reading

LowCards.com Weekly Credit Card Update–January 9, 2015

Why New Credit Cards May Fall Short on Fraud Control Big U.S. banks are steering clear of an advanced security measure used in credit cards around the world, opting for a system that is more convenient for shoppers but may … Continue reading

High School Student Creates App to Help Cut Credit Card Debt

Antonio Ferris, a 15 year old Arizona high school student, has developed a smartphone app that helps credit card users see the true cost of their credit card debt. The program illustrates how long it will take a person to … Continue reading

The LowCards.com Weekly Credit Card Rate Report for January 8, 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

MasterCard and BMW Create Contactless Credit Card for DriveNow Car Sharing

MasterCard and BMW have joined forces to create a contactless credit card that can be used with BMW and MINI vehicles on the DriveNow car sharing fleet. The card has the ability to hire, unlock and operate the vehicles, all … Continue reading