Credit Card News

Thanks to the zero liability policy offered by most credit card issuers, if your credit card is stolen you're typically only liable for a very small portion of the unauthorized purchases- if any. Even if a thief charges thousands of dollars on your credit card, a zero liability policy means you don't pay for it.

Just about everyone over the age of 18 has at least one credit card- if not four or more! Credit cards are very convenient, but can quickly turn into your arch nemesis. Consider opening your credit card statement to find the interest rate has been increased, yet you did not make your payment late, and can determine no other reason for the rate hike. Citigroup Inc has decided to put an end to many of the interest rate increases that consumers are baffled by.

Higher gasoline prices are not only a source of constant frustration for consumer wallets, but convenience stores selling gasoline are also finding the higher gasoline prices a major challenge. Increased gasoline prices do not necessarily mean higher profits for retailers as one might think- instead, the higher gas prices result in higher costs that actually reduce profit margins for gasoline retailers- particularly due to the increase in the amount of credit card fees paid.

On Monday, January 22nd, American Express reported that they saw a 4th quarter increase in profits of close to 12 percent. American Express is ranked the number four credit card issuer in the United States.

When Bank of America purchases U.S. Trust for $3.3 billion (in cash!), they will move from the second largest management firm of private wealth to the single largest in the United States, based on financial reports from private US banks on September 30, 2006. Once the banks are combined under Bank of America in March 2007, they'll be managing a total of $261 billion in assets.

For the third time this year, yet another major credit card company has decided to reduce or trade in some of the best perks of its Membership Reward Programs, which previously lured thousands of current credit card holders to its reigns who boasted time and time again about their year-end savings.

Breaking news for those who frequent vending machines.

For the last few years or so, there has been a steady increase in the amount of people who are out to steal your banking or credit card information. These people are typically referred to as “credit card phishers”, and they are “phishing” for your account information in order to rob you blind, basically.

While credit card debt is unsecured debt and you can be sure that no one will knock on your door to foreclose on or repossess your property, there are still consequences of ignoring your debt.

First time credit card users are often uneducated about the potential hazards of using credit cards and how to avoid financial diffculty.

Paying for college tuition with your credit card may seem like a far-fetched idea, but in reality it's an idea worth considering.

E-cards soon to be offered for online credit card purchases.

Why some are more likely to be sued than others

Proper Steps To Cancel Credit Accounts

A recent survey has shown that college students use credit cards for many reasons including purchasing personal items, paying for living expenses and tuition, and buying clothing. Over 65% of college students use credit cards and over half have significant credit card debt.

Credit Cards For Teens

Increased use of debit cards

Making a plan to pay off your debts

New regulations For Credit Card Payments

Increased Interest Rates Due To Late Payments

Hidden fees could end up costing you more

Radio tags and the use of credit cards

Credit cards and the effect on your credit score

The new cards are embedded with a computer chip that will no longer require consumers to swipe their card and sign a receipt.

Rising penalties and universal default fees have lead to higher payments for consumers.