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]

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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

5 Questions on Applying for a Student Credit Card – Huffington Post


NerdWallet (blog)
5 Questions on Applying for a Student Credit Card
Huffington Post
Applications for student cards generally include space to fill in school information, and applying for a student-only credit card as a non-student may result in a hard pull on your credit report for nothing. If you're a non-student considering a
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Posted by CCB - September 28, 2016 at 6:00 am

Categories: Credit Card News   Tags: Applying, card, Credit, Huffington, Post, questions, Student

Will the Yahoo breach compromise credit cards? – CBS News


CBS News
Will the Yahoo breach compromise credit cards?
CBS News
It's password-changing time again. Yahoo's announcementthat a “state-sponsored actor” had pilfered data, potentially including concealed passwords, from half a billion accounts in late 2014 represents one of the largest such security breaches ever …
An Important Message About Yahoo User Security | YahooYahoo – Tumblr



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credit card – Google News

Posted by CCB - September 27, 2016 at 6:00 am

Categories: Credit Card News   Tags: breach, cards, compromise, Credit, News, Yahoo

Will the Yahoo breach compromise credit cards? – CBS News


CBS News
Will the Yahoo breach compromise credit cards?
CBS News
It's password-changing time again. Yahoo's announcementthat a “state-sponsored actor” had pilfered data, potentially including concealed passwords, from half a billion accounts in late 2014 represents one of the largest such security breaches ever …
An Important Message About Yahoo User Security | YahooYahoo – Tumblr



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credit card – Google News

Posted by CCB - September 26, 2016 at 7:11 pm

Categories: Credit Card News   Tags: breach, cards, compromise, Credit, News, Yahoo

Iran Introduces Credit Cards For First Time – Fortune


Fortune
Iran Introduces Credit Cards For First Time
Fortune
Iran introduced credit cards for the first time on Sunday, the Iranian Students' News Agency (ISNA) reported. Iran is looking to bolster its oil production and economy after world powers in January lifted sanctions against the Islamic Republic in
Iran Introduces Credit Cards for First Time EverHaaretz



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credit card – Google News

Posted by CCB -  at 6:00 am

Categories: Credit Card News   Tags: cards, Credit, First, Fortune, Introduces, Iran, TIME

How Chase Made the Perfect High for Credit Card Junkies … – Bloomberg


Bloomberg
How Chase Made the Perfect High for Credit Card Junkies …
Bloomberg
Somewhere in the middle of Ohio there's a nondescript office park, the kind you could drive by for years and never really notice. One of the buildings in that park …
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credit card – Google News

Posted by CCB - September 25, 2016 at 6:00 am

Categories: Credit Card News   Tags: Bloomberg, card, Chase, Credit, high, Junkies, made, Perfect

Trump Hotels Covered Up A Massive Credit Card Theft. Then They Let It Happen Again. – Huffington Post


Huffington Post
Trump Hotels Covered Up A Massive Credit Card Theft. Then They Let It Happen Again.
Huffington Post
Over two years, payment systems at seven of Trump's most prestigious hotels were hacked, and more than 70,000 credit card numbers were stolen, according to the New York attorney general. The breach affected Trump hotels in Chicago, Las Vegas, Toronto …

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credit card – Google News

Posted by CCB - September 24, 2016 at 6:00 am

Categories: Credit Card News   Tags: again, card, Covered, Credit, Happen, Hotels, Huffington, Massive, Post, theft, They, Trump

How Chase Made the Perfect High for Credit Card Junkies – Bloomberg


Bloomberg
How Chase Made the Perfect High for Credit Card Junkies
Bloomberg
It's where JPMorgan Chase, the largest issuer of credit cards in the U.S., manufactures around 60 percent of the 95 million cards it issues each year. The company requires visitors to keep its exact location secret. For more than 15 years, the facility
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credit card – Google News

Posted by CCB - September 23, 2016 at 6:00 am

Categories: Credit Card News   Tags: Bloomberg, card, Chase, Credit, high, Junkies, made, Perfect

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