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

Citigroup will refund $330 million to credit card customers it overcharged – CNNMoney


CNNMoney

Citigroup will refund $ 330 million to credit card customers it overcharged
CNNMoney
Since 2011 Citi has semi-annually reviewed U.S. credit card accounts that experienced an interest rate increase to identify those eligible for a rate reduction, Forgarty said. Such a review is required by law. "We estimate that 90% of the interest rate
Citi to Refund $ 330 Million to Credit Card Customers It OverchargedNew York Times


Citigroup to refund $ 335 million in credit card interest chargesCNBC
Citigroup will refund customers $ 335 million after discovering it charged too much creditcard interestLos Angeles Times
Washington Post –Reuters
all 18 news articles »

credit card – Google News

Posted by CCB - February 24, 2018 at 7:00 am

Categories: Credit Card News   Tags: $330, card, Citigroup, CNNMoney, Credit, Customers, million, overcharged, Refund

First National Bank to halt production of NRA credit card – The Denver Post


The Denver Post

First National Bank to halt production of NRA credit card
The Denver Post
LINCOLN, Neb. — The nation's largest privately-owned bank holding company will stop producing credit cards for the National Rifle Association in response to customer feedback, a spokesman said Thursday. The Nebraska-based First National Bank of Omaha
First National Bank of Omaha to halt production of NRA credit cardChicago Tribune


First National Bank Of Omaha To Dump NRA-Branded Visa Credit …HuffPost
First National Bank of Omaha drops NRA credit cardCBS News
Washington Post –Bloomberg
all 40 news articles »

credit card – Google News

Posted by CCB - February 23, 2018 at 7:00 am

Categories: Credit Card News   Tags: bank, card, Credit, Denver, First, halt, national, Post, production

Make Your Credit Cards More Rewarding – Forbes


Forbes

Make Your Credit Cards More Rewarding
Forbes
After a 30-year career as a personal-finance journalist in which I've routinely advised consumers to hold (at most) two or three credit cards and have edited dozens of stories about how to maximize the perks of plastic, I carry 12 cards in my wallet

credit card – Google News

Posted by CCB - February 22, 2018 at 7:00 am

Categories: Credit Card News   Tags: cards, Credit, Forbes, more, rewarding

Want To Turn $99 Into $658.38? Just Use The Amazon Credit Card … – Forbes


Forbes

Want To Turn $ 99 Into $ 658.38? Just Use The Amazon Credit Card …
Forbes
Amazon's announcement that its co-branded Amazon Prime Rewards Visa credit card will now offer a 5% cash back reward on all purchases at Whole Foods is just one more shopper incentive that will gain market share for the chain.
The Amazon Prime credit card will start giving 5 percent back on Whole Foods purchasesRecode


Amazon Prime card has the same pitfalls as every other brick-and-mortar store cardMarketWatch
Is it time to seriously consider getting the Amazon Prime Rewards Visa Card?Yahoo Finance
Reuters –CNET –GeekWire –Amazon.com
all 62 news articles »

credit card – Google News

Posted by CCB - February 21, 2018 at 7:00 am

Categories: Credit Card News   Tags: ‘turn, $658.38, Amazon, card, Credit, Forbes, into, just, want

Tandem launches a credit card that offers cashback and no fees … – TechCrunch


TechCrunch

Tandem launches a credit card that offers cashback and no fees …
TechCrunch
Tandem, the U.K. challenger bank that recently acquired the banking arm of the famous Harrods department store partly in order to get its banking license back on track, has launched its first banking product: a credit card that offers cashback on every
Tandem unveils credit card as first banking productIBS Intelligence (blog)


Digital challenger bank Tandem has launched its first product – a credit cardCity A.M.

all 6 news articles »

credit card – Google News

Posted by CCB - February 20, 2018 at 6:13 pm

Categories: Credit Card News   Tags: card, cashback, Credit, Fees, launches, offers, Tandem, TechCrunch

The Amazon Prime credit card will start giving 5 percent back on Whole Foods purchases – Recode


Recode

The Amazon Prime credit card will start giving 5 percent back on Whole Foods purchases
Recode
Amazon cardholders who earn rewards at Whole Foods stores can choose to convert them into a statement credit or can redeem them online to make purchases on Amazon or on other eligible sites. Amazon customers who have the Amazon Prime Store Card — not
Amazon Prime credit card now offers 5 percent back at Whole FoodsCNET


Amazon extends 5% back Prime credit card benefits to Whole Foods purchasesGeekWire
Amazon cooks up new Prime perk: 5% back on Whole Foods purchasesUSA TODAY
Business Wire (press release)
all 10 news articles »

credit card – Google News

Posted by CCB -  at 7:00 am

Categories: Credit Card News   Tags: Amazon, back, card, Credit, Foods, Giving, percent, Prime, Purchases, Re/code, Start, Whole

This is how much credit-card debt makes you undatable – Yahoo Finance

This is how much creditcard debt makes you undatable
Yahoo Finance
“Roses are red. And debt is too. But if you owe too much money, I'm not dating you.” Sadly, that's how a lot of Americans feel about romance in 2018. Given that many people are finally getting back on their feet after the Great Recession and now

credit card – Google News

Posted by CCB - February 19, 2018 at 7:00 am

Categories: Credit Card News   Tags: CreditCard, debt, Finance, makes, much, this, undatable, Yahoo

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