We have all been there at least once before before. We use our credit card a couple of times during the month and when we receive our monthly statement we are surprised to find a fee that we didn’t know even existed. These fees are now being warned about by one top United States … [Read more...]
33% of People Use Credit Cards for Purchases Under $5 Dollars
In the last year or so, financial institutions and credit card companies have released new credit cards that maintain a “tap” feature. It is being promoted as an option for those who wish to pay for small $1 or $2 coffee or doughnut purchases. For most, the thought of using credit … [Read more...]
Industry experts urge consumers to avoid retail credit cards
It’s a common occurrence for anyone who has ever shopped at a department store. You’re walking around a clothing store, you see a nice looking pair of pants and decide to add that to your initial pursuit of seeking out socks. You have finished your trip and walk over to the cashier. … [Read more...]
Federal Reserve data: Americans have more than $850 billion in credit card debt
Despite the total amount of credit card debt decreasing since the Great Recession, Americans are still drowning in it and addicted to credit. According to economic data published by the Federal Reserve, credit card debt totals nearly $850 billion – it dropped by $2.4 billion in … [Read more...]
Visa and MasterCard team up to combat credit card fraud with EMV technology
In the wake of the massive data breach at Target that compromised more than 110 million accounts, credit card companies MasterCard and Visa have decided to coalesce in order to establish a group that will enhance payment security for customers. The group will consist of various banks, … [Read more...]
Card Issuers Spending Less Time, Money Marketing on College Campuses
There was a time, not long ago, when college students were bombarded with offers of credit. Students walking to class might be offered free T-shirts, coupons for free meals, school logo items such as stickers, magnets, balls and binders, or even entry into drawings for free spring … [Read more...]
Wal-Mart, Amex to Offer Unbanked a Bluebird of Happiness
Stock for prepaid debit card company Green Dot Stock plummeted more than 20 percent today, finishing at $10.36, while competitor NetSpend Holdings Inc. fell more than 7 percent to close at $9.96 per share after Wal-Mart and American Express announced their joint venture in Bluebird, a … [Read more...]
Pew Examines Attitudes Toward Prepaid Debit Cards
As banks nationwide struggle to regain their reputations after the financial crisis that hit Wall Street, and consumers’ frustration with additional checking account and credit card fees grows constantly, more people are turning toward the prepaid debt card. … [Read more...]
More Responsibility Seen Through Use of Credit Cards
Recent reports reflect that consumers are using credit cards more responsibly. In a report released by the American Bankers Association, it shows that credit card customers have become less delinquent on their credit card payments. Correspondingly, this has decreased the amount of … [Read more...]
