According to a new report from Reuters, Visa will soon begin participating in a pilot program MasterCard has been running in New York City for several months. The system allows consumers to take on credit card debt to pay for their subway, train or bus rides simply by waving their credit card or smartphone in […]
The program from MasterCard and CitiBank will allow consumers to set monthly budgets for a number of different categories, from shopping to dining out. According to a report from Denver television station KNCN, the "In Control" accounts will shut down for a specific category once the limit is reached for a given month. For example, […]
According to a new report in the Denver Post, many universities will sell credit card companies access to lists of contact information for students, alumni, faculty and boosters in exchange for millions of dollars. Some schools even get a percentage of every dollar of credit card debt people carrying their branded cards take on, or […]
Discover Financial Services said its profits in the second quarter fell 55 percent from the same period a year prior, thanks in large part to its settling an antitrust lawsuit with Visa and MasterCard, a report from the Associated Press said. However, those profits, which totaled $258.2 million, were still higher than industry experts had […]
In recent months, many Americans have made a greater effort to seek credit card debt reduction and reduce the balances they owe, but some may not know where to start. Fortunately, there are several options available for consumers thathave a financial goal to achieve credit card debt reduction. Depending on how quickly consumers want to […]
Many consumers across the country take on credit card debt to pay for monthly expenses and other purchases, but there are some who are locked out of the financial system for one reason or another. For this reason, national chain 7-Eleven has introduced a new payment system that allows consumers to pay for everything from […]
After four straight months of drops, one of the major U.S. lenders reported that it wrote off more toxic credit card debt in August. In its monthly regulatory filing, Capital One said its rate of charge offs – credit card debts so far behind that the company deems them uncollectable – increased in August for […]
Many economists expected credit card lenders and other banks to raise their rates significantly ahead of both the Credit Card Accountability, Responsibility and Disclosure Act and the financial reform bill. It didn’t happen then, but it will have to do so over the next several years. New global banking regulations passed this week by the […]
Consumers who like to receive rewards points for every dollar of credit card debt they compile now have another option for spending them. American Express and Amazon.com, one of the biggest online marketplaces, have announced a partnership, according to a report from Consumer Commentary. The new deal will allow consumers who are enrolled in programs […]
Experts say that while consumers have scaled back spending and reduced credit card debt, that trend won’t continue forever. Households have successfully reduced their credit card debt and spending, and at the same time increased the rate at which they’ve built up their savings. That could mean they will be freer to spend that money […]