September 2010 News
- Sony rolls out new payment plan for PlayStation
Category: Credit Card News, Prepaid/Debit Card News
September 29, 2010
In the past, consumers who wanted to sign up for the PlayStation Network to play their favorite video games online had to use a credit card, but that is no longer the case.more
- Consumers using CDs to pay down credit card debt
Category: Credit Card News, Credit Crunch News
September 28, 2010
As consumers have seen their credit card debt mount in recent months, many have looked for new ways to reduce the total amount they owe.more
- Drop in credit card debt may be due to charge offs
Category: Credit Card News, Credit Crunch News
September 28, 2010
In recent months, reports from both the government and many lenders have highlighted drops in both total nationwide credit card debt and the number of charge offs. Now experts are debating why.more
- Lenders still targeting college students
Category: Credit Card News, Student Credit Card News
September 28, 2010
They may not be able to offer free T-shirts and baseball hats on campus, but lenders are still aggressively pursuing college kids who may not have the financial know-how to properly manage a credit card.more
- American Express launches social media program
Category: American Express Credit Card News
September 27, 2010
Many young people have access to all kinds of technology, but may not have the know-how to properly keep an eye on their money. A major credit card issuer recently launched a new social media platform designed to offer consumers financial advice.more
- Americans believe competition protects them from lenders
Category: Credit Card Legislation News
September 27, 2010
While the newly created Consumer Financial Protection Bureau officially got its director last week, a poll found that many Americans don't believe the agency will help them as much as other factors.more
- Video game buyers from surprising demographic
Category: Credit Card News
September 27, 2010
Many people who play social video games may use their credit cards to purchase online upgrades and new features. At the same time a new demographic is breaking stereotypes about the average gamer.more
- Rates expected to climb after new financial rules
Category: Credit Card Legislation News, Credit Card News, Economy News
September 24, 2010
Many experts have predicted that rates for all types of loans, including credit cards, would quickly climb as a result of the financial reform bill and the Credit Card Accountability, Responsibility and Disclosure Act.more
- Bank of America will test new pricing for credit card accounts
Category: Credit Card News
September 24, 2010
After reports leaked that Bank of America will soon roll out new fees for consumers who have banking and credit card accounts, the financial giant confirmed the rumors.more
- Many consumers expect to use their smartphones as credit cards
Category: Credit Card News
September 24, 2010
Many consumers expect to use their smartphones as credit cardsmore
- AmEx Survey Shows Some Consumers Less Focused on Paying Down Credit Card Debt
Category: Credit Card News, Credit Crunch News, Economy News
September 23, 2010
Many consumers have successfully reduced their total credit card debt in recent months and now may be focusing on other financial concerns.more
- MLB testing new payment system for concessions
Category: Credit Card News
September 23, 2010
Fans who want to order concessions at ballparks around the country, but don't want to get up and miss a single pitch, may soon have a new option.more
- Visa will test mass transit payments via smartphone
Category: Visa Credit Card News
September 23, 2010
Many consumers may be looking for a way to increase the convenience of paying for their rides on mass transit systems, and a major credit card network has finally entered that arena.more
- Convenience chain gives consumers an alternative to credit cards
Category: Credit Card News
September 22, 2010
A popular national convenience store chain will soon allow consumers to make online transactions without using a credit card.more
- Verizon to charge consumers for paying by credit card
Category: Credit Card News
September 22, 2010
Many consumers may find it's easier to use their credit card when they pay for their monthly bills, but one company is now charging for that privilege.more
- American Express and Amazon.com announce partnership
Category: American Express Credit Card News, General Rewards Credit Card News
September 21, 2010
Thanks to a partnership between AmEx and Amazon, cardholders now have a new way to use their membership rewards points online.more
- Colleges making millions on credit card agreements
Category: Student Credit Card News
September 21, 2010
Many universities across the country may have long-standing but little-known agreements with credit card lenders and those contracts are making both parties millions.more
- New credit card feature allows consumers to budget
Category: Citibank Credit Card News, MasterCard Credit Card News
September 21, 2010
Many consumers may be concerned about how much they spend on their credit card every month, but a new account feature from MasterCard may help them improve their financial management.more
- Discover reports profits on increased spending
Category: Discover Credit Card News
September 20, 2010
When compared annually, consumers increased the amount they spent on their credit cards from one major credit issuer, which led to unexpectedly high profits.more
- Popular gaming service introduces new payment system
Category: Credit Card News
September 20, 2010
When users of Valve's popular Steam service wanted to buy a new video game online, they had to pull out their credit card in the past. That's no longer the case, as Valve has recently introduced a new feature called Steam Wallet.more
- Fully Programmable Credit Card Wins Award
Category: Credit Card News
September 20, 2010
A credit card designer recently won an award for making a new, fully programmable product, dubbed Card 2.0.more
- Bank of America to increase fees
Category: Credit Card News
September 20, 2010
Experts have predicted lenders would increase fees on credit card and banking services in the wake of extensive financial reform. Bank of America, one of the country's largest lenders, recently announced it will continue the trend.more
- President appoints head for credit card watchdog
Category: Credit Card Legislation News, Credit Card News
September 20, 2010
The federal government formed a watchdog program to monitor the credit card and banking industries after it passed the new reform laws. Now that body has its first chief.more
- More lenders suing delinquent borrowers
Category: Credit Card News, Credit Crunch News
September 17, 2010
Even as credit card defaults fall across the country, more lenders are aggressively pursuing consumers who haven't paid their bills.more
- Citibank charge offs surge in August
Category: Citibank Credit Card News
September 17, 2010
Many major credit card issuers reported that charge offs rose in August for the first time in several months, and Citibank was no exception.more
- Capital One charge offs climb in August
Category: Capital One Credit Card News
September 16, 2010
While almost every major credit card lender has reported declines in both charge offs and delinquencies in recent months, Capital One was the first to announce one of those totals moved in the opposite direction in August.more
- National Poverty Rate Increased Sharply in 2009
Category: Economy News
September 16, 2010
The U.S. Census Bureau reports a sharp rise in the poverty rate while health care coverage drops and median income remains level.more
- Some Consumers Prefer Online Shopping Without Credit Cards
Category: Credit Card News, Prepaid/Debit Card News
September 16, 2010
Consumers who want to purchase items online without using their credit card have few payment options, and more than a quarter of shoppers say they want more.more
- Fed revises rewards card findings
Category: General Rewards Credit Card News
September 15, 2010
In July, the Federal Reserve Bank of Boston released a study describing how credit card rewards programs cost the poor more money. Revised estimates show the numbers are slightly lower than originally thought.more
- American Express changing late payment policies
Category: American Express Credit Card News
September 14, 2010
American Express recently bowed to pressure from consumers after it was discovered the company had harmful policies on past-due dates.more
- Business credit cards could leave employees with debt
Category: Credit Card News
September 14, 2010
Many employees use business credit cards to cover work-related expenses such as flights or hotel rooms, but they may not be aware that they could be held responsible for that debt.more
- Charge offs expected to surge next year
Category: Credit Card News, Economy News
September 13, 2010
While the number of delinquent credit card accounts and other loans lenders have had to write off in recent months has steadily declined, it's unlikely they'll remain at depressed levels for too long.more
- Consumer credit falls could lead to more spending
Category: Credit Card News, Economy News
September 13, 2010
Consumers are spending less on their credit cards these days, but that doesn't mean this trend will continue for a long time.more
- Consumer spending per day drops in August
Category: Credit Card News, Credit Crunch News, Economy News
September 13, 2010
Americans say they spent less per day in August than in July, a new poll has found.more
- MasterCard offers new payment service for BlackBerry
Category: Credit Card News, MasterCard Credit Card News
September 10, 2010
Many BlackBerry smartphone owners looking for a way to transfer money or make a credit card payment now have that option.more
- Students can be hurt by university credit card arrangements
Category: Credit Card Legislation News, Credit Card News
September 10, 2010
Although it has become less popular in recent years, many schools of higher education across the country still make agreements with credit card companies that can end up being financially unhealthy for their students. more
- Consumers turn to debit as credit card use drops
Category: Credit Card News, Credit Crunch News
September 9, 2010
As more Americans try to spend less on their credit cards, they are turning instead to their debit accounts. more
- Consumer credit declines in July
Category: Credit Card News, Credit Crunch News, Economy News
September 9, 2010
The amount of credit consumers carry from one month to another dropped once again in July. more
- Credit card lenders now endorsing minimums
Category: Credit Card Legislation News, Credit Card News
September 8, 2010
Major lenders used to forbid small business owners from imposing minimum payment amounts to use a credit card, but they are now prohibited from doing so by the Credit Card Accountability, Responsibility and Disclosure Act.more
- Denver has most debt in America
Category: Credit Card News, Economy News
September 8, 2010
Even as the average amount of consumer debt decreases across the country, many still owe lenders considerable amounts of money. Of all American cities, none has more debt per person than Denver, Colorado.more
- Credit card offers to college students under investigation
Category: Credit Card Legislation News, Credit Card News
September 8, 2010
New provisions of the Credit Card Accountability, Responsibility and Disclosure Act contain measures designed to prevent people under the age of 21 from obtaining credit card accounts they can't afford. But that hasn't deterred some lenders, a new investigation by the state of New York alleges.more
- Credit card companies becoming more stable
Category: Credit Card News, Economy News
September 8, 2010
The Credit Card Accountability, Responsibility and Disclosure Act forced many credit card issuers to change their lending policies, but now the industry seems to be stabilizing as they adapt to the new credit environment. more
- NFL and Barclays partner to issue branded credit cards
Category: General Rewards Credit Card News
September 7, 2010
NFL fans who want to earn football-themed rewards now have a new credit card option from Barclaycard US.more
- Rates for small business credit cards climb higher
Category: Credit Card Legislation News, Credit Card News
September 7, 2010
The Credit Card Accountability, Responsibility and Disclosure Act may have extended numerous protections to consumers, but the same isn't true for small businesses, and lenders have acted to exploit that loophole. more
- Auction site will stop accepting credit card payments
Category: Credit Card News
September 7, 2010
Many consumers may prefer to use their credit card to pay for things they purchase online, but soon that option will no longer be possible for one of the internet's biggest marketplaces.more
- Midwesterners cautious with money, study finds
Category: Economy News
September 3, 2010
Midwesterners are becoming more optimistic, but remain financially cautious about the future, a study issued by Citi and performed by Hart Research Associates found.more
- Schumer says companies offer business credit cards to consumers
Category: Credit Card News, Credit Card Legislation News
September 2, 2010
Since the Credit Card Accountability, Responsibility and Disclosure Act limited the ways issuers could offer new accounts to consumers, some have exploited a loophole in the law. Now one U.S. senator wants to close it.more
- Charge offs improved in July
Category: Credit Card News, Credit Crunch News
September 1, 2010
Consumers seem to have had a better time paying off their credit card debt in July than in previous months, as rates for charge offs dropped.more
- Facebook to expand online payment service
Category: Credit Card News
September 1, 2010
Spurred by fears that revenues could soon flatten, social networking giant Facebook has expanded its Credits service to brick-and-mortar Target stores and will soon branch out online as well.more
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