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

Are you using the wrong credit card? – MarketWatch – MarketWatch


MarketWatch
Are you using the wrong credit card? – MarketWatch
MarketWatch
When you don't like your card, here's what to do next.
Is it smart to open a travel credit card just for the sign-up bonus?Washington Post


Be careful if you pay college tuition with credit cardsAsbury Park Press
Credit card rates for Tuesday, August 30 – Bankrate.comBankrate.com
Lifehacker Australia –Credit.com News (blog) –Forbes
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credit card – Google News

Posted by CCB - August 31, 2016 at 6:00 am

Categories: Credit Card News   Tags: card, Credit, MarketWatch, Using, Wrong

5 Times You Shouldn’t Use a Credit Card – NerdWallet – NerdWallet (blog)


CNBC
5 Times You Shouldn't Use a Credit Card – NerdWallet
NerdWallet (blog)
A credit card used responsibly can be a great tool to build your credit score and a credit history. If you pay off your bill in full every month and balance your …
Here's how to get a handle on those credit accounts – CNBC.comCNBC



all 3 news articles »

credit card – Google News

Posted by CCB - August 30, 2016 at 6:00 am

Categories: Credit Card News   Tags: blog, card, Credit, NerdWallet, shouldn't, Times

5 Times You Shouldn’t Use a Credit Card – NerdWallet (blog)


CNBC
5 Times You Shouldn't Use a Credit Card
NerdWallet (blog)
A credit card used responsibly can be a great tool to build your credit score and a credit history. If you pay off your bill in full every month and balance your budget like a pro, using a credit card for most expenses allows you to track your spending
How to get a handle on those out-of-control credit card accountsCNBC



all 3 news articles »

credit card – Google News

Posted by CCB - August 29, 2016 at 7:15 pm

Categories: Credit Card News   Tags: blog, card, Credit, NerdWallet, shouldn't, Times

O’Connor: Credit card rewards all about balance – The Detroit News


The Detroit News
O'Connor: Credit card rewards all about balance
The Detroit News
When it comes to credit cards, Michiganians are playing their plastic the right way. That's because, according to the personal finance site Nerdwallet.com, the most popular type of card used by residents of the state is one that gives cash back on

credit card – Google News

Posted by CCB -  at 6:00 am

Categories: Credit Card News   Tags: about, Balance, card, Credit, Detroit, News, O'Connor, rewards

Hacker who stole 2.9 million credit card numbers is Russian lawmaker’s son – Ars Technica


Ars Technica
Hacker who stole 2.9 million credit card numbers is Russian lawmaker's son
Ars Technica
On Thursday, a federal jury in Seattle found Roman Seleznev guilty of stealing millions of credit card numbers and selling them online to other fraudsters. Seleznev, 32, is the son of Russian Parliament member Valery Seleznev. Seleznev, who
Russian Hacker Roman Seleznev Convicted After Stealing Two Million Credit Card AccountsInternational Business Times


Russian man convicted of stealing 2 million credit card numbersUPI.com
Russian hacker who bankrupted Seattle's Broadway Grill convicted in credit card schemeGeekWire
FedScoop –CIO –TheStranger.com –US Department of Justice
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credit card – Google News

Posted by CCB - August 28, 2016 at 6:00 am

Categories: Credit Card News   Tags: card, Credit, Hacker, lawmakers, million, numbers, Russian, stole, Technica

Paying College Tuition With Credit Card Will Likely Cost You – CBS Local


CBS Local
Paying College Tuition With Credit Card Will Likely Cost You
CBS Local
BOSTON (CBS) – You've paid the college tuition bill and by now you know, college is expensive. So it's tempting to put the tuition on your credit card, but that's likely to cost you. If your college allows credit card payments, look out for the

credit card – Google News

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

Categories: Credit Card News   Tags: card, College, cost, Credit, likely, Local, Paying, Tuition

First National Bank of Omaha to Pay $35 Million Over Credit-Card Practices – Wall Street Journal


Wall Street Journal
First National Bank of Omaha to Pay $ 35 Million Over CreditCard Practices
Wall Street Journal
WASHINGTON—First National Bank of Omaha will pay more than $ 35 million to settle claims by two regulators that it deceived creditcard customers into paying for add-on services, some of which they never received. The Consumer Financial Protection …
First National Bank ordered to pay $ 32.25 million for illegal credit card practicesWOWT


Nation's Largest Privately-Owned Bank Must Return $ 28M To Credit Card CustomersThe Consumerist
US fines big Nebraska bank over credit card, ID theft marketingBusiness Insider

all 9 news articles »

credit card – Google News

Posted by CCB - August 26, 2016 at 6:00 am

Categories: Credit Card News   Tags: bank, CreditCard, First, Journal, million, national, Omaha, over, Practices, Street, Wall

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