Credit News

Credit News

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.

Citi ThankYou® Preferred Rewards Card is now offering a 12 month 0% intro period

It used to be that the one problem we had with the Citi ThankYou® Preferred Rewards Card is that it didn't offer a zero percent intro period on new purchases or balance transfers. As of yesterday, that all changed.

New Discover it™ Card 5% cash back categories go live today

Discover it™ cardholders can begin earning 5% cash back on Q2 categories today. Seriously, no April's foolin'! This quarter's categories include 5% earnings on up to $1,500 in purchases made at home improvement stores through June, 2013.

Credit Cards for Bad Credit in 2013: The Best and Worst Options for Consumers

We've had a lot to say about bad credit credit cards over the years, but with a new year comes new cards, new issuers and new options.

Credit News Roundup: Average credit card interest rates up (slightly) from last year

You may have read about a report from TransUnion last month that said both average credit debt and delinquency payments had swelled slightly from the same period last year. In the midst of the biggest shopping season of the year, the average American is carrying close to $5000 in credit card debt. That's up 5% from last year. (Delinquency payments are only slightly on the rise, from 0.71 to 0.75 this year.)

If credit debt is making you a Grinch this Christmas, here's how to get back in the holiday spirit

We know we've been harping on the holiday topics as of late, and we promise we'll take a break soon, but in the meantime there's all kinds of interesting stats coming out regarding the holidays - and holiday debt - that we just had to address.

How to Stay Safe Using Credit Cards this Holiday

About the Author: Kasey Steinbrinck is a former TV producer and newspaper reporter who now writes about personal finance and consumer news for The CheckAdvantage Blog. CheckAdvantage offers an affordable alternative to ordering business and personal checks from your financial institution.

Discover More Card extends 5x Cashback Bonus to all online shopping during the holidays

Cyber Monday - the online shopping alternative to Black Friday - is a little over two weeks away. (November 26th, to be exact.) However, credit card companies are already adding incentives to get you to shop online and, more specifically, at their online retail sites. Many credit card companies offer great discounts and cash back incentives when you shop through their online retail website, and in most cases they've partnered with hundreds of prominent brands to make your cash back rewards worthwhile. But with so many great deals shaping up for Cyber Monday, credit card issuers like Discover have taken an extra shape towards getting you to buy online this holiday season.

Ask Our Readers: Tell us how Hurricane Sandy affected you in a credit-related way

First off, we would be remiss if we didn't send our condolences and best wishes to those affected by Hurricane Sandy.


Home / Blog / Category / Taxonomy term