What Happens When I Cancel a Credit Card?

Feel like you have too many credit cards in your wallet? If so, you might be tempted to cancel the cards you no longer use. This is a good way to minimize your potential for debt, but it could actually … 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

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

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

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

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

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

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

Important Things To Do After Your Credit Card Number Is Stolen

Have you had your credit card stolen? Are you worried that someone might be using your identity to make purchases? This can be an intensely frustrating situation, but the first thing that you should do is stay calm. This will … Continue reading

How Does Credit Card Interest Actually Work?

Why You Should Know How Credit Card Interest Works Credit cards are a great tool for individuals who don’t always have the necessary cash on hand to make a purchase. Most people don’t have unlimited access to capital, and that … Continue reading

Large Portion of Americans Are Clueless about Credit Scores

A recent survey shows that a large portion of Americans have very little idea how their credit scores are determined. Some key findings from the study, issued by the Consumer Federation of America and VantageScore Solutions, include: 40% of those surveyed did … Continue reading

Man Admits Role in $200 Million International Credit Card Fraud

A man from New York has officially confessed to his role in a $200 million credit card scandal that spread over several continents. Khawaja Ikram pled guilty in court to conspiracy to commit bank fraud. Ikram was originally charged in … Continue reading

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

States Probing Massive Data Breach of Social Security Numbers In what could be one of the biggest data breaches in history, the federal government and authorities in several states are investigating the criminal sale of Social Security numbers, bank account … Continue reading

“God” Sues Equifax for Glitch in Credit Score

A man by the name of God Gazarov is suing Equifax for displaying that he has no financial history because the credit reporting agency's system will not accept his name--God. Despite the fact that he has a score over 720 with … Continue reading

Proposed Senate Bill Mandates Free Annual Credit Scores

A proposed bill in the United States Senate would mandate all consumers have access to free annual credit scores. The Stop Errors in Credit Use and Reporting (SECURE) Act is designed to reduce the problems consumers experience through errors in their … Continue reading

Build Credit with Your Tax Refund

Tax refund checks will soon be rolling in, and some of them will likely go to "unnecessary" purchases--that new iPad you've been drooling over, or the big party you've been wanting to throw. While there is no shame in spending … Continue reading

LowCards.com Weekly Credit Card Update–February 28, 2014

Financial, Retail Industries Keep Cybersecurity Mistakes and Punishments Secret Even as cyberthreats grow in frequency and sophistication, the system for ensuring payment card security in the United States remains a closely guarded arrangement among the credit card networks who set … Continue reading

New Type of Loan Helps Consumers Build Credit

Thousands of people with poor credit scores struggle with a way to improve their financial situation. It is extremely difficult to build your credit score without the ability to get credit and prove that you can pay back that loan. … Continue reading

LowCards.com Weekly Credit Card Update–February 21, 2014

A Line of Defense Against the Theft of Personal Data Credit-monitoring is often backward-looking, informing you of new accounts that thieves may have already opened in your name. But a freeze prohibits the bureaus from releasing your credit reports to … Continue reading

Are Free Credit Scores from Credit Card Issuers Valid?

Barclaycard and First Bankcard were the first credit card issuers to offer their cardholders free credit scores. These issuers enable their customers to check their FICO credit score at any time through their online accounts. Now, Discover is heavily promoting the … Continue reading

Will Lowering My Credit Limit Hurt My Credit Score?

Most people want to raise their credit limit on their credit card in order to have more money available to them, but there are situations in which lowering your limit is a better option. If you are considering doing that … Continue reading

Paying Off Credit Card Debt with a Personal Loan

Have you ever thought about paying off your credit card debt with a personal loan? This may not seem like it would make a big difference, but doing so could actually improve your credit score. Here's why: Credit card accounts are … Continue reading

Protecting Your Financial Accounts from Hackers

Consumers are getting bombarded with news of cyber security attacks at well-known retail stores such as Target and Neiman Marcus. They are concerned about their personal information and are left to wonder what can be done to protect themselves. Here … Continue reading

Top 10 Signs of Identity Theft

Recent security breaches at Target, Skype and Snapchat show that identity theft has become a major problem in our society. Unfortunately, personal information, email, credit cards and bank accounts are not as private and protected as we think. It is … Continue reading

Credit Cards Can Help Build Your Credit Score

If you have a bad credit score or perhaps no credit history, a credit card can be used to boost your credit score. But only if it is used properly and prudently. Here is a guide explaining how to use … Continue reading

Credit Cards for People with Bad Credit

If you have bad credit, obtaining a traditional credit card can be a major challenge. Most companies are not willing to approve you for an account because they fear that you may not be able to pay back any credit … Continue reading

LowCards.com Weekly Credit Card Update–November 8, 2013

MasterCard 3rd-Quarter Net Rises 14% on Increased Purchases MasterCard said third-quarter earnings rose 14% as spending on its credit and debit cards continued to grow. MasterCard, like its larger rival Visa, operates a payments network that processes transactions made on … Continue reading

Bizarre Ways to Hurt Your Credit Score

We all know that having an unpaid bill could result in a lower credit score. This makes sense. What you might not know is that an overdue library book or a rental car reservation could have an impact on your … Continue reading

Phantom Banks Operate Credit Card Scam out of Mailboxes

Two ghost banks in Ft. Lauderdale, Florida have been operating credit card scams using mailboxes located at a local storage facility. The banks, working under the names of AmTrade International Bank and Freedom 1st National Bank, have sent out numerous letters … Continue reading

Credit Card Tips After Losing Your Job

Unfortunately, job loss has become a reality for millions of Americans. Your income may end but your expenses do not. There is no magic wand to make the bills or the bill collectors disappear, but there are some smart financial … Continue reading

How Can I Build Credit without a Credit Card?

Building credit can be a tricky process because it takes credit to build credit. Most people struggle to build their credit history without initially using some "starter" credit cards to get the ball rolling. How can you build credit without … Continue reading

Young Credit Card Users Are More Responsible Than Their Parents

The common perception is that young adults are not financially responsible, mainly because they lack experience in dealing with money. But a recent study from Arizona State University suggests that college-aged credit card users are actually more responsible than middle-aged … Continue reading

Best Student Credit Cards of 2013

Student credit cards are great tools to help young adults build their credit scores. These cards can provide a good source of emergency funds as well, as long as students understand the debt and the risks that can come along … Continue reading

Using Credit Cards to Build Credit

We get this question a lot: What is the best way to use credit cards to build credit? Most people see credit cards as nothing more than money pits in the making, but they can be legitimate opportunities to build … Continue reading

Your Facebook Friends Could Help Your Credit

Ever wish that you could get a loan just by knowing people with good credit? That may not be as farfetched as it sounds. Thanks to a variety of tech startups like Lenddo, you could improve your credit score and … Continue reading

What Is the Best Credit Card for Me?

A couple decades ago, there were only a few credit cards offered in the United States. Now, there are over 1,000 on the market. Issuers like Citi, Chase, Discover, Capital One, Barclay, Bank of America and American Express have saturated … Continue reading

Vacation Credit Cards for Bad Credit

Going on vacation should be a lot of fun, but for people with bad credit, it can be a source of stress and frustration. Just about every element of a vacation usually requires a credit card reservation--from the flight to … Continue reading

Are You Buying Your Real Credit Score?

Credit scores are how lenders, and even some insurers and employers, judge consumers. For a number that carries such influence, there are many grey areas that can create problems and confusion for consumers. The July 2013 issue of Consumer Reports calls … Continue reading

LowCards.com Weekly Credit Card Update–August 9, 2013

An $18 Million Lesson in Handling Credit Report Errors Julie Miller could not get the big credit bureau to remove a host of errors that it inserted into her credit report. So she tried suing and that worked. A jury in … Continue reading

Reconsideration–Another Chance at Getting a Credit Card

Reconsideration is an unpublished "secret" in the credit card industry. If your credit card application has been rejected, there is a number you can call to explain your side of the story to a real person and appeal for approval. When … Continue reading

Choosing a Credit Card Comparing All the Options

If you are going to apply for a new credit card, it is important to get the right one for your needs. Many people do not realize how many different types of credit cards there are in the United States. … Continue reading

Benefits of Credit Cards over Debit Cards

Some people use the terms "credit card" and "debit card" interchangeably, as if they are one in the same. However, there are big differences between these two types of cards, and those differences make one choice more favorable than the … Continue reading

Do Store Credit Cards Help Credit?

Store credit cards are designed to reward frequent shoppers for their loyalty to a specific store. They offer special discounts that you can't find without the card. Many consumers have applied for these cards due to the attractive incentives they … Continue reading

Common Mistakes for First Time Credit Card Customers

Being approved for your first credit card is a big financial step, but it can also lead you into a lot of debt if you are not financially responsible. It doesn't matter how old you are--you will most likely make … Continue reading