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

Discover Rolls Out Freeze Feature on Credit Cards Discover credit card customers who can't quite put their finger on their plastic now may use a new "Freeze It" feature that acts like an on-off switch to stop new purchases and … Continue reading

Discover Introduces Credit Cards with an On/Off Switch

Yesterday, Discover took a step in making their credit cards more secure by giving consumers the ability to temporarily turn off their accounts when their card is lost. The "Freeze It" feature, a first in the card industry, will help … Continue reading

National Geographic and First Bankcard Partner on New Credit Card

The National Geographic Society has now entered the credit card industry. One of the world's largest nonprofit scientific and educational organizations has forged a partnership with First Bankcard on a new National Geographic Visa Card. The card will appeal to National … Continue reading

Most UK Consumers Have Not Claimed Credit Card Compensation

Only one in three consumers in the UK have filed for compensation for mis-sold identity protection from insurance provider CPP. Of the seven million consumers who are eligible for compensation, just 2.4 million have filed for it. This equates to … Continue reading

The LowCards.com Weekly Credit Card Rate Report for Apr. 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

Chase Freedom vs. Discover it

Would you like to earn 5% cash back on some of your purchases? Of course, which is why two of the most popular credit cards in the United States feature 5% cash back on up to $1,500 spent each month … Continue reading

Top 7 Travel Credit Cards for 2015

Summer is right around the corner and people are already planning their getaways. Traveling can be quite expensive, which is why so many people have to cut back on their vacations. But with the right credit card rewards program, you … Continue reading

Microsoft Makes Move into Mobile Payments

Microsoft may soon be entering the payment industry, challenging mobile wallet providers like Apple Pay and the upcoming Samsung Pay. "Microsoft Payments, Inc." was granted a money transmitter license, giving the company the right to transfer money from one account … Continue reading

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

Walmart Exec: New Credit Card Design Won't Solve Fraud There's been some hope that improved credit card technology might finally lead to greater security and a reduction of credit card fraud. One idea has been credit cards with embedded chips, … Continue reading

Software Automates “Replay” Attacks on Credit Card Transactions

Recently, KrebsOnSecurity discovered a software program on a popular online cybercrime forum that automates "replay" attacks on credit card transactions. The software, known as "Revolution," allows fraudsters to push stolen magnetic strip card transactions through a payment processor as chip-based … Continue reading

The LowCards.com Weekly Credit Card Rate Report for April 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

Visa Works with Airlines to Clear Up Credit Card Charges

For more than a year, Visa has been working closely with major airlines in the United States to create an enhanced categorization system that would better identify in-flight credit card transactions. The company has announced those charges are now officially in … Continue reading

Walmart Exec Says Chip and Signature Won’t Enhance Card Security

Walmart's assistant treasurer Mike Cook is speaking out about the predicted disappointment with chip and signature credit cards, indicating that Americans will still be vulnerable to theft after the shift. In an interview about the changing card infrastructure, Cook told … Continue reading

Chase Slate vs. Discover it

There are few things more difficult than paying off credit card debt. As unsecured debt, credit cards charge higher interest rates than home or car loans. And since the interest paid is never tax deductible, cardholders do not receive the … Continue reading

Elite Credit Cards Twice as Vulnerable to Fraud

New research from fraud prevention firm Forter shows elite credit cards, like the American Express Centurion and Visa Black card, are twice as vulnerable to fraudulent online transactions as standard credit cards. According to Forter's most recent data, elite credit … Continue reading

LowCards.com Weekly Credit Card Update–April 3, 2015

Creditless Can Benefit from New FICO Score People struggling with a bad credit score, or lack of one, could benefit from a program rolling out in the next few months aimed at making it easier to get a Visa or … Continue reading

Top 3 Chase Credit Cards of 2015

If you are a Chase banking customer and looking for a new credit card, you have plenty of attractive options. You can take advantage of the perks that Chase offers its customers, such as relatively low interest rates, 0% APR … Continue reading

The LowCards.com Weekly Credit Card Rate Report for April 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

SmartMetric Wins $3 Million Fee Dispute with MasterCard and Visa

SmartMetric successfully won a legal fee dispute with Visa and MasterCard, which would have cost the company $3 million in fees and court costs. The case dealt with the biometric technology the two credit card giants claimed acted as patent … Continue reading

Some Significant Shifts in the Credit Industry

A new survey shows some noteworthy shifts taking place in the credit industry. Rejection rates for credit applications are declining and more consumers plan to apply for credit during the next 12 months. The New York Federal Reserve's Survey of … Continue reading

New Card Skimmers Steal Information at the ATM’s Door

Information-stealing credit card skimmers are far from "new" technology, but the latest ones take the skimming process to a new level. Law enforcement officials have discovered skimmers on the outside of enclosed ATM hubs where a person must swipe a … Continue reading

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

Google Working on Project to Let You Receive and Pay Bills Directly Inside Gmail Google's mission to organize the world's information is now targeting your physical mailbox. The company is currently working on a project that will allow Gmail users … Continue reading

The LowCards.com Weekly Credit Card Rate Report for March 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

Discover and AmEx Top Credit Cards in Consumer Satisfaction

According to a recent consumer satisfaction survey of more than 6,600 credit card users, Discover and American Express are the most "satisfying" credit card companies in America. The 2015 U.S. Credit Card Satisfaction Report from Credio is the first of … Continue reading

Average Credit Card Balance up 6% in December

A report from Equifax indicates a significant increase in credit card debt in America, with the average person racking up a 5.9% higher balance in 2014. In total, Americans accumulated $624.4 billion in credit card debt in 2014, up from $606.75 … Continue reading

Top 7 No Annual Fee Credit Cards Of 2015

There are plenty of different credit cards on the market, many with tempting offers and rewards, so it can be hard to figure out which card is best for you. Some credit card companies charge a fee when you are … Continue reading

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

Facebook to Let Messenger Users Send Cash to Friends Facebook is giving the more than 500 million users of its Messenger app the ability to send money to each other, becoming the latest mobile platform to incorporate a payments service. … Continue reading

American Express, Charles Schwab Enter Co-Branded Card Agreement

Today, American Express announced it will enter into an exclusive multi-year partnership with brokerage company Charles Schwab to develop two new premium cards. The cards will be available early next year and will carry the names of both companies. No … Continue reading

The LowCards.com Weekly Credit Card Rate Report for March 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

CFPB Wants Public’s Input on Credit Card Industry

The Consumer Financial Protection Bureau is requesting public input on how the credit card market is operating. This is part of a required review which must be conducted every two years according to the CARD Act of 2009. The Request for … Continue reading

Free iPhone Upgrades for AmEx Cardholders in India

American Express credit cardholders in India can now upgrade their iPhones by simply redeeming their rewards points at Apple Stores. This is part of the new Pay with Points program that provides real-time opportunities to cash in rewards with more … Continue reading

The 5 Best Small Business Credit Cards Of 2015

It's not easy running a small business, and owners have to fight for every bit of revenue they can, while closely tracking their expenses. Credit cards designed for business use can help with this task by offering a single place … Continue reading

Even Billionaires Use Rewards Credit Cards

Even the rich and famous like to tally up their credit card rewards. Billionaire Liu Yiqian used his frequent flier miles to fly to Hong Kong to purchase an ancient Tibetan silk tapestry for $45 million, according to Bloomberg. Liu … Continue reading

Good Samaritan Finds, Returns Tom Hanks’ Lost Credit Card

What would you do if you found the credit card of a Hollywood celebrity lying on the street? An unidentified man by the name of "Tony" found Tom Hank's credit card in New York, and promptly returned it to the … Continue reading

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

Why was your Credit Card Number Stolen? Retailers are Lazy If a shop wants to accept credit cards, it needs to abide by strict payment card industry (PCI) rules and pass a test. But a new Verizon cybersecurity report shows … Continue reading

European Parliament Votes to Cap Credit Card Processing Fees

On Tuesday, the European Parliament voted in favor of a new bill that caps the processing fees retailers pay on debit and credit card transactions. The bill received overwhelming support, passing with 621 votes for and only 26 against. The … Continue reading

CFPB Study Verifies the Need for Arbitration Clause Reform

The Consumer Financial Protection Bureau has released a study that verifies just how important it is for the government to reform mandatory arbitration clauses in credit card agreements. The study shows 75% of consumers are unaware of the arbitration clauses … Continue reading

The LowCards.com Weekly Credit Card Rate Report for March 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

New PayPal Here Card Reader Supports NFC Payments

PayPal will soon launch a new version of its PayPal Here credit card reader which is expected to accept NFC payments as well as chip-and-PIN credit cards. Merchants and small business owners using PayPal Here will be able to accept … Continue reading

CFPB May Reform Mandatory Arbitration Clauses in Credit Card Agreements

The Consumer Financial Protection Bureau may issue a report this week on how limited consumers are when they want to take action against their credit card company, according to the Washington Post. The current system of mandatory arbitration prevents customers … Continue reading

LowCards.com Weekly Credit Card Update–March 6, 2015

Retailers Face $8.65 Billion Bill for New Generation of Credit Cards New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment … Continue reading

The LowCards.com Weekly Credit Card Rate Report for March 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

CFPB Wants to Suspend Credit Card Agreement Submissions

Last week, the Consumer Financial Protection Bureau proposed a temporary suspension to the requirement that credit card issuers submit their consumer agreements so they can be posted on the CFPB website for public access. The CFPB wants to create a … Continue reading

American Express Offers $100 Reimbursement for Merchants Upgrading to EMV Terminals

To help merchants make the switch to EMV terminals before the October 2015 deadline, American Express has launched a Small Merchant EMV Assistance Program that offers a $100 reimbursement for retailers that upgrade their payment terminals. The company has put … Continue reading

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