LowCards.com Weekly Credit Card Update–May 23, 2014

Microchips in our Passports and Credit Cards: Are They Safe? U.S. passports have them. And these days, many more U.S. credit cards are starting to carry them, too. The tiny plastic chips embedded in passports and credit cards are primarily … Continue reading

Student Loan Law May Raise Interest Rates

In August, Congress made a plan to change federal student loan interest rates from fixed to market based. The worse the economy, the lower the interest rate would be. This may seem like a good idea at first, especially since … Continue reading

Why Do Credit Cards Charge High Interest Rates?

One of the biggest consumer complaints about credit cards is the high interest that is charged by the issuer. Even low interest cards have much higher interest rates than most other loans. Why do credit cards charge such high interest rates? … 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

LowCards.com Weekly Credit Card Update–June 14, 2013

4 Reasons Excessive Overdraft Fees Just Won't Go Away Despite regulatory reform aimed at reining in checking account overdraft fees, the penalty is still a cash cow for banks--to the tune of about $31 billion a year. The CFPB thinks … Continue reading

10 Common Credit Card Mistakes (And How To Avoid Them)

We have all made financial mistakes at some point. When it comes to credit cards, there are a significant number of pitfalls that any consumer can make. To help you avoid these, we have compiled a list of the 10 most common credit … Continue reading

RBS Fined $612 Million in Rate-Rigging Scandal

The global investigation into the manipulation of interest rates has led to a third major bank facing significant fines and worldwide embarrassment. Today, Britain's Royal Bank of Scotland was fined £390 million or $612 million for rigging the London Interbank … Continue reading

No Relief Expected on Credit Card Interest Rates

The Federal Reserve is again locking the lid on interest rates in an ongoing attempt to stimulate the economy. The Fed announced last week it would keep the federal funds rate at the historic low of zero to 1/4 percent, at … Continue reading

LowCards Weekly Credit Card Update July 13

Price of Plastic Going Up? Merchants May Get Surcharge Rights Merchants may soon begin to impose a surcharge each time a customer pays with a credit card, a practice Visa and MasterCard currently prohibit. Retailers have long pushed for the … Continue reading