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

Applying for a credit card? Please take a selfie – The Denver Post


The Denver Post

Applying for a credit card? Please take a selfie
The Denver Post
Payment processing giant Visa is launching a platform to allow banks to integrate various types of biometrics, such as your fingerprint, face, voice, etc., into approving credit card applications and payments. It could lead to customers having to take
Banks may soon want selfie with credit card applicationNewsday



all 2 news articles »

credit card – Google News

Posted by CCB - October 20, 2017 at 6:00 am

Categories: Credit Card News   Tags: Applying, card, Credit, Denver, Please, Post, selfie, take

Applying for a credit card? Please take a selfie – ABC News


Newsday

Applying for a credit card? Please take a selfie
ABC News
FILE – In this Jan. 21, 2015, file photo, a sign indicating Visa credit cards are accepted is posted at a New York business. Payment processing giant Visa is launching a platform to allow banks to integrate various types of biometrics, such as your
Banks may soon want selfie with credit card applicationNewsday



all 8 news articles »

credit card – Google News

Posted by CCB - October 19, 2017 at 7:16 pm

Categories: Credit Card News   Tags: Applying, card, Credit, News, Please, selfie, take

Credit card rates spurt higher with one at 30 percent – CNBC


CNBC

Credit card rates spurt higher with one at 30 percent
CNBC
Just in time for holiday shopping, retailers have a gift for consumers: higher interest rates on their credit cards — including one that's above 30 percent. The average retail card rate has risen for the third straight year and now is brushing 25

and more »

credit card – Google News

Posted by CCB -  at 6:00 am

Categories: Credit Card News   Tags: card, CNBC, Credit, Higher, percent, Rates, spurt

Credit stress: 5 ways to negotiate with your credit card company – USA TODAY


USA TODAY

Credit stress: 5 ways to negotiate with your credit card company
USA TODAY
If you feel stressed when opening your credit card statements, it may be time to fight for a better deal. Here are 5 ways to negotiate with credit card companies.
What Can We Do About Our Parents' Credit … – ElderLawAnswersElderLawAnswers.com (blog)



all 4 news articles »

credit card – Google News

Posted by CCB - October 18, 2017 at 6:00 am

Categories: Credit Card News   Tags: card, company, Credit, negotiate, stress, TODAY, Ways

Check your credit card statements; Ex-waiter facing felony charges – WSB Atlanta


WSB Atlanta

Check your credit card statements; Ex-waiter facing felony charges
WSB Atlanta
ROSWELL, Ga. – Roswell police have charged a former restaurant waiter with felony theft after they said he stole a customer's credit card information. Gregory Daniels told Channel 2's Mike Petchenik that he and his wife stopped at Peachtree Diner on …

and more »

credit card – Google News

Posted by CCB - October 17, 2017 at 6:00 am

Categories: Credit Card News   Tags: Atlanta, card, charges', check, Credit, Exwaiter, facing, felony, Statements

The Best Credit Cards For Travel & Frequent Travelers – Forbes


Forbes

The Best Credit Cards For Travel & Frequent Travelers
Forbes
This is one of the questions I'm asked the most when people find out I write about travel, and understandably so – it's important to make the right choice to save money and get rewards, and pretty much everyone is going to use a credit card anyway so

credit card – Google News

Posted by CCB - October 16, 2017 at 6:00 am

Categories: Credit Card News   Tags: best, cards, Credit, Forbes, Frequent, Travel, Travelers

The Best Credit Cards For Travel & Frequent Travelers – Forbes


Forbes

The Best Credit Cards For Travel & Frequent Travelers
Forbes
This is one of the questions I'm asked the most when people find out I write about travel, and understandably so – it's important to make the right choice to save money and get rewards, and pretty much everyone is going to use a credit card anyway so

credit card – Google News

Posted by CCB - October 15, 2017 at 7:10 pm

Categories: Credit Card News   Tags: best, cards, Credit, Forbes, Frequent, Travel, Travelers

Next Page »