CREDIT CARDS IN THE U.S.
Approximately 520 million credit cards are in circulation. There are 261M Visa credit cards, 176M MasterCard cards, 56M Discover cards & 50.6M American Express.

Many Don’t Understand Credit Card Rewards

Over one-third of credit card users are either unaware of or do not completely understand the benefits… [more]

Many Don’t Understand Credit Card Rewards Many Don't Understand Credit Card Rewards

Avoiding Credit Card Debt Relief Scams

Benefits of Debt Relief Programs People with mounting debts can reap major benefit from debt relief… [more]

Avoiding Credit Card Debt Relief Scams Avoiding Credit Card Debt Relief Scams

Credit Card Debt Counseling

What is Credit Card Debt Counseling? Interest rates on most debts incurred by debtors become increasingly… [more]

Credit Card Debt Counseling Credit Card Debt Counseling

What Are Credit Card Debt Relief Programs?

About Credit Card Debt Relief For people with immense credit card debts, there are relief programs… [more]

What Are Credit Card Debt Relief Programs? What Are Credit Card Debt Relief Programs?

How To Eliminate Credit Card Debt

Overcoming Credit Card Debt Any kind of debt such as credit card debt needs to be quickly addressed… [more]

How To Eliminate Credit Card Debt How To Eliminate Credit Card Debt

How to Lose Credit Card Rewards

There are occasions when credit card users lose points, miles and cash back rewards. Here are five of the most common credit card pitfalls in this area.

Inactivity

Some credit card programs take away rewards if you don’t continue to use the card. For instance, the NFL Extra Points card from Barclay will the close account of cardholders who do not make a charge for six consecutive months.

Program Changes

Credit card loyalty programs have terms and conditions that allow companies to make changes with little notice. Most of the time, these changes result in rewards being harder to redeem, or requiring more points or miles.

Late Payments

Some credit cards have terms that withhold rewards when the cardholder makes a late payment.

Expiration

Many airline frequent flier programs have expiration dates. For example, if American AAdvantage miles aren’t earned or used at least once in any 18-month period, the miles are lost. Card holders should keep track of loyalty points through the credit card company Website.

Account Closures

When the credit card issuer operates the rewards program, cardholders will usually forfeit rewards when their account is closed for any reason. This includes customers canceling their credit card as well as banks closing delinquent accounts.

Credit card users should be very cautious about accumulating vast sums of points and miles for more than a year or two.

Posted by CCB - August 26, 2013 at 8:54 pm

Categories: Advice   Tags: credit card, credit cards

Many Don’t Understand Credit Card Rewards

Over one-third of credit card users are either unaware of or do not completely understand the benefits associated with their cards, according to the J.D. Power 2013 U.S. Credit Card Satisfaction Study. Study results indicate that 59% of consumers said they completely understand their card rewards. That’s a decrease from 66% in 2012.

Jim Miller, senior director of banking services at J.D. Power, wrote, “Customers who use their card’s benefits spend an average of $400 more per month on their card, compared with those who are aware of benefits but do not use them, so clearly this is an area of importance to card issuers.”

The study found that 53% of consumers did not completely understand the terms of their credit cards. Of that group, 73% said they were unclear about interest rates and 31% said they didn’t understand late payment fees.

J.D. Power has measured customer satisfaction with credit cards since 2007, analyzing six components: interaction; credit card terms; billing and payment; rewards; benefits and services; and problem resolution.

For the fourth consecutive year, the study shows an improvement in satisfaction with a score of 767 on a 1,000-point scale. The score in 2012 was 755.
In terms of the highest-scoring providers, American Express maintained its 7-year streak in the top spot with 816 points, as a result of its strength in rewards and benefits and services, the press release said.

Discover is second with 812 points, and Chase is third with 783 points.

Those who take advantage of credit card rewards and benefits enjoy such things as free or reduced air travel and free car rental insurance usually not available when paying bills with other types of plastic such as prepaid cards and debit cards.

Posted by CCB - August 23, 2013 at 3:41 pm

Categories: Featured   Tags: card issuers, credit card, credit card benefits, Credit Card Rewards, credit card satisfaction, credit cards, highest scoring credit card providers, J.D. Power survey

American Express is getting rid of signatures for credit card purchases – The Verge


The Verge

American Express is getting rid of signatures for credit card purchases
The Verge
American Express has announced that it will no longer require signatures for credit card purchases beginning in April 2018, joining Discover and Mastercard, which have also announced similar changes. According to Jaromir Divilek, an executive VP at
It's Official: American Express Declares Credit Card Signatures UselessRefinery29


American Express won't make you sign for your purchases after AprilQuartz
American Express, Mastercard and Discover to Eliminate Signature Requirement for Purchases in April 2018Mac Rumors
Fortune –CBS News –Zacks.com –Zacks Investment Research
all 113 news articles »

credit card – Google News

Posted by CCB - December 13, 2017 at 7:00 am

Categories: Credit Card News   Tags: American, card, Credit, Express, Getting, Purchases, signatures, Verge

5 Credit Card Trends to Look out for in 2018 – NerdWallet – NerdWallet (blog)

5 Credit Card Trends to Look out for in 2018 – NerdWallet
NerdWallet (blog)
The future of credit cards includes even more luxurious rewards, enhanced security features and more co-branded cards with popular retailers.

and more »

credit card – Google News

Posted by CCB - December 12, 2017 at 7:00 am

Categories: Credit Card News   Tags: 2018, blog, card, Credit, look, NerdWallet, Trends

Uber Visa Is The Ride Sharing App’s New Credit Card – We are Social Media (press release) (blog)


We are Social Media (press release) (blog)

Uber Visa Is The Ride Sharing App's New Credit Card
We are Social Media (press release) (blog)
Uber is getting past its “transportech” personality and fast moving onto fintech with the launch of its new credit card. Despite its horrible reputation, Uber surely knows how to innovate; and with a new CEO at the wheel, we can only hope it comes up

and more »

credit card – Google News

Posted by CCB - December 11, 2017 at 7:00 am

Categories: Credit Card News   Tags: apps, blog, card, Credit, Media, Press, release, Ride, Sharing, Social, Uber, Visa

Uber Visa Is The Ride Sharing App’s New Credit Card |WeRSM … – We are Social Media (press release) (blog)


We are Social Media (press release) (blog)

Uber Visa Is The Ride Sharing App's New Credit Card |WeRSM …
We are Social Media (press release) (blog)
Uber Visa ties a financial product back into its own platform, while catering to the needs of the ever-moving, entrepreneurial generation.

and more »

credit card – Google News

Posted by CCB - December 10, 2017 at 6:13 pm

Categories: Credit Card News   Tags: |WeRSM, apps, blog, card, Credit, Media, Press, release, Ride, Sharing, Social, Uber, Visa

Couple use stolen credit card to go skydiving — and film their … – wreg.com


wreg.com

Couple use stolen credit card to go skydiving — and film their …
wreg.com
NEW YORK — A couple went skydiving and bought video of the experience to save as a memory — but they charged it all to someone else's tab, police in New York say. The pair allegedly used a stolen credit card to purchase two sessions and video footage
Couple use stolen credit card to go skydiving — and film their adventure: policefox2now.com


Police: Skydivers used stolen credit card to pay for jump, video on Long IslandKTRK-TV
Police: Skydivers used stolen credit card to pay for jump, video on …WLS-TV
Sacramento Bee –WDAM-TV
all 10 news articles »

credit card – Google News

Posted by CCB -  at 7:00 am

Categories: Credit Card News   Tags: card, Couple, Credit, film, skydiving, stolen, their, wreg.com

5 Credit Card Trends to Look out for in 2018 – NerdWallet (blog)


We are Social Media (press release) (blog)

5 Credit Card Trends to Look out for in 2018
NerdWallet (blog)
Cardholders have already shown an affinity for metal cards so strong they can slice limes; they also seem to appreciate card aesthetics. If you've got at least $ 15,000, you can order a gem-encrusted, custom credit card from Zurich-based company Rosan
Uber Visa Is The Ride Sharing's App New Credit CardWe are Social Media (press release) (blog)



all 2 news articles »

credit card – Google News

Posted by CCB - December 9, 2017 at 7:00 am

Categories: Credit Card News   Tags: 2018, blog, card, Credit, look, NerdWallet, Trends

Discover is the latest major credit card company to do away with … – The Verge

Discover is the latest major credit card company to do away with …
The Verge
The company feels that its implementation of “digital authentication technologies such as tokenization, multi-factor authentication, and biometrics … are more secure than requiring a signature” and are better suited to protect customers than

and more »

credit card – Google News

Posted by CCB - December 8, 2017 at 7:00 am

Categories: Credit Card News   Tags: away, card, company, Credit, Discover, latest, major, Verge

Next Page »