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

3 Simple Steps Can Get You Out Of Credit Card Debt This Year – Forbes


Forbes
3 Simple Steps Can Get You Out Of Credit Card Debt This Year
Forbes
One of my financial planning clients puts the family vacation on his credit card every year, then pays off the balance when he gets his annual bonus. He and his wife want to take their grade-school kids to interesting places and spend quality time

credit card – Google News

Posted by CCB - February 20, 2017 at 7:00 am

Categories: Credit Card News   Tags: card, Credit, debt, Forbes, Simple, steps, this, Year

5 signs it’s time to hunt for a new credit card – CNBC


CNBC
5 signs it's time to hunt for a new credit card
CNBC
The credit card commercial tagline from Capital One — "What's in your wallet?" — is actually a pretty good question for consumers to consider. Many people have stuck with a favorite card for years, potentially padding their costs and missing rewards …
5 Great Rewards Credit Cards for People on a Tight BudgetSTLtoday.com


Credit Cards BlogBankrate.com
Verizon Unlimited Data Plan Costs Credit Card Users MoreNerdWallet (blog)
Money Talks News (blog) –Palm Beach Post
all 33 news articles »

credit card – Google News

Posted by CCB - February 19, 2017 at 7:00 am

Categories: Credit Card News   Tags: card, CNBC, Credit, hunt, it's, Signs, TIME

This Week In Credit Card News: Yet Another Yahoo Breach; Do You Hide Bank Accounts From Your Spouse? – Forbes


Forbes
This Week In Credit Card News: Yet Another Yahoo Breach; Do You Hide Bank Accounts From Your Spouse?
Forbes
Why 12 Million of You Hide Credit Cards From Your Spouse. If you're willing to conceal a credit card and make big purchases your spouse doesn't know about, what other secrets are you willing to keep? If you want a great way to erode trust between you
Credit card users rack up over $ 1 trillion in debt – CNBC.comCNBC


The 5 biggest mistakes you're making with your credit card – Story …FOX 11 Los Angeles
Which Travel Credit Card is Best for Beginners | TravelPulseTravelPulse
Payment Week –WHIO –Albany Times Union (blog)
all 15 news articles »

credit card – Google News

Posted by CCB - February 18, 2017 at 7:00 am

Categories: Credit Card News   Tags: accounts, another, bank, breach, card, Credit, Forbes, from, Hide, News, Spouse, this, Week, Yahoo

This Week In Credit Card News: Yet Another Yahoo Breach; Do You Hide Bank Accounts From Your Spouse? – Forbes


Forbes
This Week In Credit Card News: Yet Another Yahoo Breach; Do You Hide Bank Accounts From Your Spouse?
Forbes
Why 12 Million of You Hide Credit Cards From Your Spouse. If you're willing to conceal a credit card and make big purchases your spouse doesn't know about, what other secrets are you willing to keep? If you want a great way to erode trust between you
Credit card users rack up over $ 1 trillion in debt – CNBC.comCNBC


The 5 biggest mistakes you're making with your credit card – Story …FOX 11 Los Angeles
Which Travel Credit Card is Best for Beginners | TravelPulseTravelPulse
Payment Week –NerdWallet (blog) –WHIO
all 16 news articles »

credit card – Google News

Posted by CCB - February 17, 2017 at 6:10 pm

Categories: Credit Card News   Tags: accounts, another, bank, breach, card, Credit, Forbes, from, Hide, News, Spouse, this, Week, Yahoo

5 signs it’s time to hunt for a new credit card – CNBC


CNBC
5 signs it's time to hunt for a new credit card
CNBC
The credit card commercial tagline from Capital One — "What's in your wallet?" — is actually a pretty good question for consumers to consider. Many people have stuck with a favorite card for years, potentially padding their costs and missing rewards …
Credit Cards BlogBankrate.com


3 Reasons You Should Switch Credit CardsMoney Talks News (blog)
The Credit Card That Can Help You Save for RetirementCredit.com News (blog)
NerdWallet (blog) –Huffington Post –Fairport-E.Rochester Post
all 28 news articles »

credit card – Google News

Posted by CCB -  at 7:00 am

Categories: Credit Card News   Tags: card, CNBC, Credit, hunt, it's, Signs, TIME

Stolen credit card used at Kmart, Ross – Jackson Sun


Jackson Sun
Stolen credit card used at Kmart, Ross
Jackson Sun
Jackson police are looking for two women they believe used a stolen credit card to buy items at Kmart and Ross over the weekend. According to a news release, two unidentified women are shown on surveillance video buying more than $ 500 in merchandise …
Police seek to ID 2 women in use of stolen credit cardWBBJ-TV



all 3 news articles »

credit card – Google News

Posted by CCB - February 16, 2017 at 7:00 am

Categories: Credit Card News   Tags: card, Credit, Jackson, Kmart, Ross, stolen, Used

Verizon Unlimited Data Plan Costs Credit Card Users More – NerdWallet (blog)

Verizon Unlimited Data Plan Costs Credit Card Users More
NerdWallet (blog)
Lost in the buzz over the surprise announcement that Verizon Wireless will begin offering unlimited data plans again is an important limit in the fine print: Customers can't get the best price if they pay by credit card. That caveat effectively adds
Feeling Charitable? These 5 Credit Cards Make Giving EasyHuffington Post



all 2 news articles »

credit card – Google News

Posted by CCB - February 15, 2017 at 7:00 am

Categories: Credit Card News   Tags: blog, card, costs, Credit, data, more, NerdWallet, plan, Unlimited, users, Verizon

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