Credit News

Credit News

Who Are the Richest People in America?

In recent years we have seen a boom in stock market growth, benefiting the richest people in the US greatly. Though good for those at the top of the income ladder, it has made it more difficult for those coming into wealth to join their upper echelons of wealth. Even the famous Forbes 400 has increased the base wealth of those considered in their listing of wealthy Americans to $1.55 billion, the highest it has ever been. 

Are Airline Miles Frequent Flier Programs Suffering From Inflation?

Frequent flier programs are one of the huge perks of using credit cards in this day and age.  People love watching their points add up, so they can take a special trip for free.  However, free flights come at a price.  And that price is getting a little more expensive.

Americans' Late Credit Card Payments Lowest Since 1994

The biggest news circulating on the cyber news stands this week was the fact that late payments on credit cards are at their lowest point since 1994.

According to the Fox Business report by Kate Rogers, "payments that are at least 90 days overdue fell in the second quarter 0.57%..." That would be the second-lowest rate in almost 20 years. When grunge was king and pogs were still a thing, the rate was 0.56%.

American Express and Wells Fargo to Team Up in 2014

We wrote last month about a report from the Wall Street Journal detailing Wells Fargo's plan to push their credit card offers even further on existing bank members. According to USA Today, Wells Fargo is already moving forward with the new strategy, and they've partnered up with American Express to make it happen.

Credit News Roundup: Credit Card Use Up, Delinquencies Down in May 2013

Some interesting news out today regarding credit cards and the economy at large, as numbers from May trickle in. According to USA Today (via statistics from the Federal Reserve), credit card usage - and balances - were up considerably from May to April.

New Citi® Dividend Platinum Select® Visa® Card Bonus Cash Back Categories Announced

Quarter 3 starts in less than a week, which means Citi® Dividend Platinum Select® Visa® Card members can soon begin earning 5 percent cash back on new bonus categories just announced.

Should Young Adults Be Scared Off by Credit Cards?

There's been a lot of news of late about the growing skepticism young adults have for credit cards. (Some of it even written by

Is Bad Credit Keeping You From Your Dream Job?

We all know carrying a bad credit score can limit your chances of loan and credit card approval while jacking up your interest rates. But did you know having bad credit could also be keeping you from getting hired for your dream job?

Americans cut credit card debt by $1.7 billion

There were two articles I read this Monday morning that had me feeling pretty good about ongoing credit card debt in this country. 

First came a report originally published on May 7th by the Associated Press, which explained that American consumers had cut their credit card debt by $1.7 billion in March. The $846 billion we still owe in credit card debt is 17.2 percent less than the all-time peak of $1.022 trillion that was set in the summer of 2008, which as we all know is right about the time when the floor fell out from underneath us.

Chase Sapphire Preferred Teams Up With OpenTable for First Friday Promotion

Today, Chase Bank announced that they would be teaming up with the popular online restaurant reservation website OpenTable for a First Friday promotion beginning May 3rd. According to a press release, Chase Sapphire Preferred cardholders can earn 3 points  for every dollar spent dining out on the first Friday of every month. Currently, Chase Sapphire Preferred rewards consumers with 2 points per dollar spent on restaurant and travel purchases, so the First Friday promotion would include an additional one point per dollar.

Pages

Home / Blog / Category / Taxonomy term