Many consumers across the country tend to take on more credit card debt as the holidays approach because of the high cost of buying gifts for their friends and family. And because of that, lenders are more actively trying to incentivize these purchases. The value of rewards programs being offered by credit card lenders is […]
Millions of consumers who travel overseas might find it difficult to take on credit card debt in a growing number of foreign countries. Almost every credit card ever issued in the U.S. stores its information on the familiar little magnetic strip on the back, but most countries have turned to a system that uses a […]
In the month of September, the amount consumers were allowed to borrow on their credit cards grew once again as lenders continued to issue more new accounts. The latest National Credit Trends Report from the credit monitoring bureau Equifax showed that the number of credit cards issued in September increased for both banks and retailers, […]
Consumers who have been trying to deal with their outstanding credit card debt responsibly may now be more likely to turn to mobile solutions to handle their accounts. The number of consumers who are using their smartphones to access credit card account information grew significantly between December 2010 and June 2011, according to a report […]
Many of the nation's top credit card lenders, retailers and other businesses, as well as consumers, are concerned about the rising tide of fraudulent credit card debt, and now the world's largest payment processor may have a new way to slow this crime. Visa will soon begin issuing certain types of credit cards with a […]
A number of the nation's largest financial institutions have recently proposed changes to the way in which they charge consumers for using debit cards, and though consumers have sworn to find alterative payment methods, some experts don't believe the resulting change will be seismic. Joseph Saunders, chief executive officer for Visa, recently said that despite […]
A new poll has found that increases in the fees financial institutions charge consumers for using their debit cards may lead to more taking on credit card debt to make their day-to-day purchases. A recent poll by the Research Intelligence Group has found that the vast majority of Americans find the proposed increase in fees […]
Consumers' online browsing habits have long been used to create targeted advertisements specifically for them. But now the world's two largest credit and debit card payment processing companies are working to do the same with the information gathered any time a consumer takes oncredit card debt for purchases at brick-and-mortar stores, according to a report […]
Consumers have likely found that the number of offers for rewards credit cards – and the amount of points, cash back or miles they earn for every dollar of credit card debt they take on using those accounts – is on the rise in recent months. Rewards credit card benefits have been on the rise […]
Consumers concerned about being hit by fraudulent credit card debt may soon have less reason to worry, as the world's two largest card issuers are taking steps to upgrade security. Visa and MasterCard are now taking steps to improve credit card security by encouraging businesses and ATM owners to upgrade their card reading systems so […]