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

Credit Card Rewards Come Under Threat, So Long Cash-Back? – Forbes


Forbes
Credit Card Rewards Come Under Threat, So Long Cash-Back?
Forbes
The biggest chunk of those fees–which even on the most affordable processors can be over 2% of every credit card sale–is passed along to card issuers, who are mostly banks. Those companies then use a portion of that revenue to fund the rewards …

credit card – Google News

Posted by CCB - June 24, 2017 at 6:00 am

Categories: Credit Card News   Tags: card, cashback, Come, Credit, Forbes, Long, rewards, Threat, Under

This Startup Just Fixed the Most Annoying Thing About Credit Cards – Inc.com


Inc.com
This Startup Just Fixed the Most Annoying Thing About Credit Cards
Inc.com
For the founders of credit card startup Final, the Target data breach was something more than that: the inspiration for a new business. The young men were on vacation in Europe, bouncing from hostel to hostel. When their credit cards stopped working

credit card – Google News

Posted by CCB - June 23, 2017 at 6:00 am

Categories: Credit Card News   Tags: about, Annoying, cards, Credit, Fixed, Inc.com, just, most, Startup, thing., this

Final: One credit card account to rule them all | TechCrunch – TechCrunch

Final: One credit card account to rule them all | TechCrunch
TechCrunch
A startup called Final wants to change the way people use credit cards — or rather, the company wants to change the credit card industry to fit consumers'..

and more »

credit card – Google News

Posted by CCB - June 22, 2017 at 6:00 am

Categories: Credit Card News   Tags: account, card, Credit, Final, rule, TechCrunch, them

Final: One credit card account to rule them all | TechCrunch – TechCrunch

Final: One credit card account to rule them all | TechCrunch
TechCrunch
A startup called Final wants to change the way people use credit cards — or rather, the company wants to change the credit card industry to fit consumers'..

and more »

credit card – Google News

Posted by CCB - June 21, 2017 at 7:12 pm

Categories: Credit Card News   Tags: account, card, Credit, Final, rule, TechCrunch, them

Final: One credit card account to rule them all | TechCrunch – TechCrunch


TechCrunch
Final: One credit card account to rule them all | TechCrunch
TechCrunch
A startup called Final wants to change the way people use credit cards — or rather, the company wants to change the credit card industry to fit consumers'..

and more »

credit card – Google News

Posted by CCB -  at 6:00 am

Categories: Credit Card News   Tags: account, card, Credit, Final, rule, TechCrunch, them

What to Know About Medical Credit Cards Before Signing Up – Money Magazine


Money Magazine
What to Know About Medical Credit Cards Before Signing Up
Money Magazine
A medical credit card can help you pay off an unexpected health expense if you know how to use one. If not, you could end up owing way more than your original bill. Offered at hundreds of thousands of doctors and veterinary offices across the country, …

credit card – Google News

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

Categories: Credit Card News   Tags: about, Before, cards, Credit, know, Magazine, Medical, Money, signing

Unauthorized use of credit card under investigation – ABC27.com – ABC27


ABC27
Unauthorized use of credit card under investigation – ABC27.com
ABC27
CARLISLE, Pa. (WHTM) – Carlisle Police are trying to identify the person of interest in the unauthorized use of a credit card in Carlisle. The victim apparently …
Carlisle police searching for person of interest for unauthorized use …FOX43.com



all 3 news articles »

credit card – Google News

Posted by CCB - June 19, 2017 at 6:00 am

Categories: Credit Card News   Tags: abc27, ABC27.com, card, Credit, investigation, Unauthorized, Under

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