Credit Card Report News

Tabbedout Gives PayPal another Entry into Physical Checkouts

Posted on Sunday, 11th March 2012 by Rebecca Ortiz

PayPal is continuing its aggressive expansion into physical retail and is developing multiple strategies for attack. Last month the payment processor made a splash with its entry into Home Depot and its plan to subsidize the processing costs of retailers who agree to add the PayPal option to their point-of-sale (POS) terminals. Now we learn that the company has found a possible entrance into another region of the vast brick-and-mortar territory.

The news is that PayPal has partnered with Tabbedout, an Austin-based start-up that enables its users to pay their restaurant and bar tabs through their mobile phones.

Credit card reward schemes on the rise

Posted on Tuesday, 6th March 2012 by Heather Powell

In terms of what form these rewards take, 22% offer cashback, and 68% provide a points or voucher system. The remaining 10% offer Air miles.

However, the findings reveal that the financial value of these rewards can vary dramatically and it is urging would-be card holders to select their credit cards wisely. Looking at cashback deals for example, on an annual spend of £6,000, the average reward is just 0.77%; only 27.2% of the cash back deals available pay 1% or more.

Given the proliferation of credit cards with reward schemes, new research from Sainsburys Finance reveals that 55% of credit card holders now claim to be rewarded for using their plastic. Indeed, 24.5% of people planning to take out a new credit card over the next 12 months are doing so because they want to be better rewarded for using their card. A

The Benefits Of Paying Credit Card Balances In Full Each Month

Posted on Monday, 5th March 2012 by Rebecca Ortiz

In 2004, PBS’ Frontline and the New York Times came out with an investigative report called The Secret History of The Credit Card. In it, employees of credit card issuers disclosed the industry slang used to refer to their two types of credit card users. So-called Revolvers were the people who carried a balance each month. They were seen as a reliable source of profits due to the high interest charges that they were constantly incurring. Those who always paid their balances in full and on time were called Deadbeats. Although the Deadbeats paid no interest, and rarely paid any fees. I

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Three Steps to Lowering Loan Interest Rates

Posted on Wednesday, 29th February 2012 by Sarah Sullivan

Borrowing money can be a double-edged sword. A hefty loan allows you the freedom to purchase a home or car, attack a remodeling project, etc. However, the sometimes heftier interest rates may leave you repaying much more than the principal amount. In a diminishing economy, high interest rates are no longer the norm. Take advantage of the economic climate by lowering your own interest rates with the steps below. The results could put hundreds or even thousands back into your pocket.

Step 1: Rebuild your credit. In a world of loan defaults and collections, low interest rates are a type of reward for those who have maintained a healthy credit score.

Victoria’s Secret Angel Credit Card Review

Posted on Wednesday, 29th February 2012 by Heather Powell

For all of those who strive to be a Victoria Secret Angel, even if it is just in your own bedroom, the Victorias Secret credit card may provide the financial tool you need to make that dream happen. This credit card does provide some key advantages for those who shop at this premium, ladies retailer. If you would not ever think of buying under garments at discount department stores, and you pay your bill on time, this credit card is a good investment.

The company offers two credit offers, the Angel and the Angel VIP card.

D is for Discharge

Posted on Thursday, 23rd February 2012 by Sarah Sullivan

Just when you think it’s all over and you receive your Discharge Order from the bankruptcy court, your Fresh Start has just begun. A great first step is to write letters to all three credit bureaus. These letters, along with a copy of your Discharge Order, will instruct the credit bureaus to be sure your credit report correctly reflects that all your debts have been discharged.

My northern CA colleague Cathy Moran discusses the Discharge from the perspective of what is and is not dischargeable in bankruptcy. I

American Express and Capital One credit cards offer 5% cashback on spending

Posted on Tuesday, 14th February 2012 by Heather Powell

Shoppers can earn 5per cent cashback on their spending with two leading credit cards.

The new American Express Platinum Cashback card offers the reward on the first 2,000 spent. After this, you get 1.25per cent cashback. And for one month every year, you earn 2.5per cent. [More details]

Amex says the average family spending 14,300 a year on the card will be able to earn back 253.

But there is also a 25 annual fee, which reduces the benefit.

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