Best Strategies For Paying Off Holiday Credit Card Debt

According to the most recent Gallup poll, about half of all American credit card users will carry a balance on at least one of their credit cards at some point in the year. For many people, the holiday season is … Continue reading

Holidays Saw Big Increase in eCommerce and Fraud Attempts

The 2015 holiday shopping season saw a huge increase in eCommerce transactions, but also a concerning jump in fraud attempts, according to a recent report from ACI Worldwide. In 2014, 1 out of every 72 online transactions was a fraudulent attempt. … Continue reading

Consumers Stressed by Holiday Debt

Each year, many Americans rack up additional credit card debt over the holidays. A new survey by Experian shows that 60% of Americans admit holiday shopping puts a strain on their finances, and 52% are stressed about finances during the holidays. … Continue reading

Fraudulent Holiday Returns Could Cost Retailers $2.2 Billion

Now that the holiday shopping season is over, retailers must face a new battle--return fraud. The National Retail Federation estimates that 3.5% of retail returns after this year's holidays will be fraudulent, up from 3% last year. This could cost … Continue reading

LowCards.com Weekly Credit Card Update–December 31, 2015

There are Officially More People Doing Their Weekly Banking via Mobile Phones Than Branches Mobile banking remains a technology in its infancy, but according to Javelin Strategy & Research, it has already eclipsed physical branches in terms of the percentage … Continue reading

Retailers Had a Merry Christmas, Thanks to Online Sales

According to a MasterCard Spending Pulse study, U.S. retail sales rose 7.9% during the recent holiday season. eCommerce and furniture both saw double-digit sales growth. eCommerce was the biggest contributor, increasing by 20% from last year. 70% of consumers now … Continue reading

Most Americans “Deal-aying” Holiday Shopping

73% of holiday shoppers are putting off shopping until the last minute, according to the American Express Spending & Saving Tracker. Many (44%) are doing so because they are waiting for the best deals. Other reasons for last-minute shopping include trying to … Continue reading

Black Friday Online Sales Put Strain on Shipping Companies

This year, a large portion of Black Friday sales took place on the Internet, with retailers opening their "door buster deals" early to online shoppers. This added convenience may have been a relief for consumers, but it is now causing … Continue reading

Mobile Payments Are Taking over This Holiday Season

Smartphones are playing a vital role in this year's holiday shopping season--not because people are buying more phones, but because they're using their phones to carry out many of their purchases. According to the 2015 Bank of American Trends in … Continue reading

Mobile Shopping Revenue Soars Over Thanksgiving Weekend

According to the 2015 Mobile Holiday Shopping Report from Moovweb, mobile shopping increased tremendously over Thanksgiving weekend. Black Friday mobile revenues were up 95% over year-ago levels, and transactions on smartphones accounted for 36% more of the total revenue for … Continue reading

Seven Naughty And Nice Holiday Spending Tips

Have you been naughty or nice this holiday season with your credit card spending? If you haven't been keeping track, you'll most certainly find out when your credit card statements come in January. Here are seven naughty holiday pitfalls and the nicest … Continue reading

Security Expert Offers Five Tips for Safe Online Shopping

Americans spend billions of dollars in November and December each year, which makes this a busy season for retailers and cybercriminals. According to the National Retail Federation, over 183 million people were expected to shop on Cyber Monday. “It’s important to remember … Continue reading

Black Friday’s Hottest Online Products and Sales Data

Consumers spent $4.45 billion online on Thanksgiving and Black Friday this year, and electronics and toys were tops in sales. The five best selling electronic products were Samsung 4KTVs, the Apple iPad Air 2, Microsoft's Xbox One, the Apple iPad … Continue reading

Reports Show Black Friday Shopping Moved to the Internet

Consumers were more inclined to shop online for Black Friday deals this year than they were to head to the store, according to a new report from the National Retail Federation. In fact, the entire Thanksgiving weekend was dominated by … Continue reading

5 Tips For Sticking With Your Holiday Budget

A great way to ring in 2016 is to have stayed on budget with your holiday spending this Christmas. At some point, we have probably all made a New Year's resolution to cut back on our debt in the coming … Continue reading

10 Credit Card Tips to Better Manage Holiday Spending

We are approaching one of the biggest shopping weekends of the year. Nearly 136 million people plan to shop over the four-day Thanksgiving weekend according to the National Retail Federation. Consumers are projected to spend an average of $805 during … Continue reading

Optimistic Shoppers to Spend More This Holiday Season

Almost half of all consumers are more confident about their financial situation during this holiday season than they were last year, and 48% plan to start shopping earlier, according to a Synchrony Financial study. This more optimistic outlook, fueled by improved … Continue reading

70% of Shoppers Are Vulnerable to Holiday Scams

Two out of three consumers are at risk of getting scammed this holiday season, according to a new survey from AARP. The survey included seven questions about common holiday shopping scams, and 70% of the participants were unable to answer the … Continue reading

Consumers are Treating Themselves with eGift Cards

eGift card purchases are growing, but people are buying them for themselves, not to give as presents, according to a survey conducted by Blackhawk Network. Plastic gift cards remain popular. Nearly all of the respondents in the survey (86%) purchased … Continue reading

Layaway Plans Popular Again During 2015 Holiday Shopping Season

To attract holiday shoppers and encourage spending, retailers are promoting layaway plans with lower service fees and longer layaway periods. Many stores are even shipping layaway items. Layaway programs allow shoppers to reserve items and make interest-free payments toward the … Continue reading

Consumers to be More Frugal This Holiday Season

Nearly one-third (32%) of consumers are planning on spending less on holiday celebrations in 2015 than they did a year ago, according to an IRI MarketPulse survey. Last year, consumers spent nearly $13 billion in the four-week period after Thanksgiving. … Continue reading

Anarchy Predicted by Walmart Exec Due to Chip Credit Cards

At the Money 20/20 payments conference, Walmart payments executive John Drechny warned that the new rules requiring retailers to accept chip-embedded credit cards will cause confusion and longer lines on Black Friday and throughout the holidays. Drechny questions the timing of the new … Continue reading

PayPal Offers Free Return Shipping in America

PayPal is finally bringing its "Return Shipping on Us" program to America after a year of success on the European market. The launch comes just in time for the online holiday shopping season. The free return shipping program is designed … Continue reading

Holiday Sales Predicted to Reach $630.5 Billion This Year

According to the latest predictions from the National Retail Federation, holiday sales in November and December are expected to reach $630.5 billion this year, up 3.7% from 2014. This increase is higher than the 10-year average of 2.5% per year. … Continue reading

How to Recover from Holiday Credit Card Debt

Holiday shopping is a wonderful experience, until the credit card bills start rolling in. Once the joy of the giving has passed, you stare at the painful task of paying the bills. There are several ways to recover from holiday credit card … Continue reading

The States with the Lowest Holiday Credit Card Debt

Holiday spending is picking up steam throughout the United States as shoppers buy gifts for their loved ones. In the midst of this high-spending season, consumers in some states handle the shopping better than others. In fact, credit card debt … Continue reading

LowCards.com Weekly Credit Card Update–December 5, 2014

What Happens When You Swipe Your Card? This holiday shopping season, you might worry that every time you swipe your credit or debit card some criminal might be swiping your account number and with good reason. The number of reported, … Continue reading

LowCards.com Weekly Credit Card Update–November 26, 2014

Disconnected: Millennials Talk Big, Do Little About Money Surveys continue to show a major disconnect between how optimistic many millennials are about their financial future and what they are actually doing to make sure they achieve their goals. In a … Continue reading

Consumers Plan to Use Credit Cards for Holiday Shopping

Americans have seen a number of substantial data breaches since last year's holiday season, but that has not had a major effect on how they plan to pay for their items this Christmas. A new survey from TransUnion shows 80% of … Continue reading

How Will Data Breaches Affect Holiday Shopping?

Holiday shopping is just around the corner. Americans are clearing the balances from their credit card accounts, making their gift lists, and waiting for the sales to start. But the slew of retail data breaches over the last year may … Continue reading

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

Shoppers Just Don't Care About Credit Card Hacks If Target and The Home Depot are still reeling from the collective breach of 96 million customers' credit and debit cards, it didn't show in either company's earnings reports this week. Target … Continue reading

Top Holiday Credit Cards of 2014

In the United States, the holiday season is synonymous with shopping, and credit cards have become an indispensable part of the experience. Unfortunately, many shoppers end up applying for store credit cards during checkout, which offer less competitive terms and … Continue reading

LowCards.com Weekly Credit Card Update–December 27, 2013

American Express To Pay $75 Million Over Credit Card Practices The Consumer Financial Protection Bureau has ordered American Express to pay more than $75 million to settle claims that it charged improper fees and misled its credit card customers over … Continue reading

LowCards.com Weekly Credit Card Update–December 20, 2013

Target Says 40 Million Credit, Debit Cards May Have Been Compromised in Security Breach Target said Thursday that credit and debit card account information for 40 million of its customers may have been stolen during the height of the holiday … Continue reading

Using Gift Cards Wisely

Gift card spending is predicted to reach an all-time high during the holidays. Eight out of ten shoppers will purchase gift cards this season and consumers will spend an average of $163.16 on gift cards, up 4% from the $156.86 … Continue reading

LowCards.com Weekly Credit Card Update–November 27, 2013

'Rachel' Robocallers Reach Settlement with the FTC Two more people and four companies have agreed to settle charges in the "Rachel robocall" scheme, according to the Federal Trade Commission. The Rachel scam, which used other names as well, called people, … Continue reading

Do You Know about Credit Card Price Matching?

Most of us are familiar with Walmart's "low price guarantee," in which Walmart matches the advertised price from another store. All you have to do is prove that the other store is offering a lower price on the exact same … Continue reading

Parents Willing To Take On Credit Card Debt For Happier Holidays

Many parents will go to great lengths to keep their children happy, even if that means going into credit card debt. According to the latest survey from Lexington Law, 57% of parents are willingly take on credit card debt to … Continue reading

LowCards.com Weekly Credit Card Update–November 22, 2013

Retailers Use Deals to Get You Connected Head into the mall this holiday season, and you won't just be bombarded by 50% off signs or two-for-one deals. Once you hit the cash register, someone is bound to tempt you with … Continue reading

Holiday Shopping Goes Mobile

A new study reveals that a staggering 68% of smartphone owners plan to use their devices to assist with their holiday shopping this year. According to Deloitte's 28th annual survey of holiday spending intentions and trends, 56% of smartphone owners plan … Continue reading

Avoid Leaving Unspent Money on a Gift Card

Chances are, you are among the millions of Americans who received gift cards during the Christmas holiday season. CEB TowerGroup, a research firm, estimates that gift card sales will top $100 billion in 2013 and will reach $130 billion by … Continue reading

Online Holiday Spending Up 14 Percent to Record $42 Billion

Consumers in the United States spent a record $42.3 billion online during the past holiday season according to data released by comScore. This was a 14 percent increase in online sales from 2011 when consumers spent $37.2 billion. Holiday shopping … Continue reading

Holiday Spending Statistics

Holiday shoppers are frantically running around, picking up last-minute gifts for their friends and family. Consumers spend a great deal of money trying to meet the needs of their loved ones. To see how much we spend, take a look … Continue reading

Tips for Buying and Using Gift Cards

Buying gift cards this holiday season is even easier with the growing availability of virtual gift cards. Ordering is done online, and an email is sent to the recipient with the details needed to claim the gift. Gift cards continue … Continue reading

LowCards.com Weekly Credit Card Update November 16

Battle Plan Shifts on Dodd-Frank President Barack Obama's victory means the 2010 Dodd-Frank law will stand. But the finance industry could still cut some parts of the law because changes now are politically less risky for the administration and Democrats in … Continue reading