LowCards.com Weekly Credit Card Update–January 10, 2014

Target: Up to 70 Million More Customers Were Hit by December Data Breach Target said Friday that the massive cyber attack it suffered during the height of the holiday shopping season may have affected an additional 70 million customers and … 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

Slight Increase in Credit Card Late Payments

There has been a slight increase in credit card late payments between the second and third quarters of 2013. The second quarter reported 90+ day late payments at 1.27% for the nation, while the third quarter showed 1.36%. While this marginal … 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

10 Credit Card Tips to Better Manage Holiday Spending

We are approaching one of the biggest shopping weekends of the year. Nearly 140 million people plan to shop over the four-day Thanksgiving weekend according to the National Retail Federation. Last year, the average shopper spent $423 over the Thanksgiving … 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

Save on Holiday Shopping Using Credit Card Rewards

The holidays are here, and soon consumers will be hitting the malls and emptying their wallets. Last year, consumers spent an average of $786 on holiday gifts. According to the National Retail Federation’s holiday spending survey, nearly 75% of the … Continue reading

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

FTC: Cramming Fraud Targets Consumers’ Credit Cards The FTC has added a new alert about a fraud called cramming where small charges of $10, $20, or $30 are secretly inserted onto your credit card bill. These small charges add up … Continue reading

Credit Card Delinquencies Rise Due to Holiday Spending

An increase in holiday spending drove up late credit card payments during the fourth quarter of 2012. The credit card delinquency rate, which represents the percentage of credit card customers that are at least 90 days overdue on their payments, … Continue reading

Fourth Straight Monthly Increase in Consumer Credit

Outstanding consumer credit increased by $16.1 billion in November, the second straight month of significant gains, according to the latest Consumer Credit Report from the Federal Reserve. This also represented the fourth straight month of increases in consumer credit. Consumer credit increased … 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