LowCards.com Weekly Credit Card Update–August 28, 2015

Banks Offering Mobile Banking But Consumers Slow to Adapt Financial institutions are offering mobile banking faster than consumers are adapting to it, according to a recently published survey from the Federal Reserve Bank of Boston. Banks and credit unions are … Continue reading

The LowCards.com Weekly Credit Card Rate Report for August 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

Full Credit Card Details Not Released of Ashley Madison Customers

Last week, the information taken in the widespread Ashley Madison hack was finally released on the Internet. The hackers posted the data on a hidden area of the Internet known as the "dark web," revealing personal details for 32 million … Continue reading

Capital One Platinum vs. Secured

If you have had problems with your credit, then you need a tool to help you rebuild it, and one of the most important tools available is a credit card. Of course, it can be very difficult to be approved … Continue reading

LowCards.com Weekly Credit Card Update–August 21, 2015

Mobile Banking Usage to Double in Four Years Mobile banking usage throughout the world is expected to double in less than four years, according to a new study from KPMG and UBS. In 2014, the number of mobile banking users … Continue reading

Discover Credit Cards Rank Highest in Customer Satisfaction

Today, J.D. Power released its 2015 U.S. Credit Card Satisfaction Study, and for the first time, Discover sits alone as the number one card in customer satisfaction. It is also the first time in the nine-year history of the study … Continue reading

The LowCards.com Weekly Credit Card Rate Report for August 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

Citi Double Cash vs. Amex Blue Cash Everyday

When you are looking for a credit card that offers cash back, there are two different types of offers available. Some credit cards offer the same level of cash back on all charges, while others feature bonus levels of cash … Continue reading

LowCards.com Weekly Credit Card Update–August 14, 2015

Samsung Enters Mobile Payment Wars With Samsung Pay Samsung is taking on Apple and Google with its own mobile payment system. At a press event in New York Thursday, the company announced Samsung Pay, a new contactless payment system that … Continue reading

Carphone Warehouse Data Breach Affects 2.4 Million British Customers

British cellphone retailer Carphone Warehouse recently suffered a data breach that could impact up to 2.4 million customers in the United Kingdom. Of those 2.4 million, as many as 90,000 people may have had their encrypted credit card information stolen in … Continue reading

Star Trek Credit Cards to Launch in September

We may be seeing the Final Frontier of Finance. The NASA Federal Credit Union announced they will offer four different Star Trek-themed credit cards next month. The four new Star Trek Platinum Advantage Rewards credit cards, offered in conjunction with … Continue reading

Are Balance Transfers Worth It?

Many consumers are flooded with direct mail offers from credit card companies, where issuers dangle 0% interest rates for a substantial number of months if consumers simply transfer the balance from their existing card. These "balance transfer" offers are extremely … Continue reading

The LowCards.com Weekly Credit Card Rate Report August 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

American Express Corporate Cards Now Support Apple Pay

Today, American Express announced they are giving their corporate cardmembers the ability to make transactions with Apple Pay. In a press release, American Express says it is the first major corporate card to be integrated with the Apple Pay mobile … Continue reading

Most Americans Have Not Received Their EMV Cards

If you have not yet received your new chip-embedded credit card, you are not alone. A new poll from Associated Press-Gfk reveals only one in 10 Americans have received their EMV cards. This news is rather surprising, since the deadline … Continue reading

Capital One QuicksilverOne vs. Platinum

If you have less than perfect credit, it can be hard to find the best credit card for your needs. The temptation is to apply the top card with the best rewards and the lowest rates and fees, but this can … Continue reading

Small Businesses Are Not Ready to Accept EMV Cards

Many small businesses in America are not prepared to switch to EMV card technology by the October 2015 deadline, according to a new survey from Wells Fargo and Gallup. The survey asked 600 business owners about plans to upgrade their credit … Continue reading

LowCards.com Weekly Credit Card Update–August 7, 2015

Using a Digital Wallet May Cost You in Credit Card Rewards Mobile payments are surging as an alternative payment method, with Forrester Research estimating that the industry will nearly triple in terms of transactions by 2019. Digital wallets are typically … Continue reading

Discover Gives $20 Bonus to Cardholders with Good Grades

Students who sign up for a new Discover credit card can earn a $20 bonus each year for good grades. New cardholders on the two Discover student cards will receive the bonus if they have at least a 3.0 GPA … Continue reading

Hackers Turn Square Card Reader into Portable Skimmer

Credit card thieves may now have an easier way to steal card numbers, thanks to a hacking opportunity that was uncovered on the Square portable card reader. The hack essentially turns off the encryption settings on the reader, allowing users … Continue reading

Scott Walker Struggles with Credit Card Debt

Presidential candidate and Governor Scott Walker may be like a lot of other Americans who struggle with debt. According to his financial disclosure form released Monday, Walker has a credit card from Barclays with an incredibly high interest rate of … Continue reading

The LowCards.com Weekly Credit Card Rate Report for August 4, 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

Consumers Learning to “Dip” Their Credit Cards

If you have recently received a new credit card in the mail, you may have been asked to "dip" your card when you made your transaction at the store. "Dipping" is replacing "swiping" in today's world of credit cards. New … Continue reading

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