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Posted on Wednesday, 20th April 2011 by Rebecca Ortiz

The Federal Reserve Clarifies Rules to Project Credit Card Consumers The Fed recently clarified its rules regarding credit card company promotional or “teaser” rates, requiring that card companies cannot increase a cardholder’s promotional interest rate unless and until the customer is at least 60 days delinquent on their payments. These promo rates are used primarily [...]

Tags: Card Consumers, Consumers, Credit Card, Credit Card Consumers
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Posted on Sunday, 17th April 2011 by Timothy Bell

A few weeks back, the Federal Reserve issued a series of clarifications regarding the Credit CARD Act of 2009. While the last of the regulations were implemented about a year ago, issuers have tried to sidestep the intent of the regulation. “There are some issues that simply were not provided for in the legislation, or [...]

Tags: Card, Credit Card
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Posted on Wednesday, 6th April 2011 by Timothy Bell

Banks and credit card issuers are warning customers that millions of e-mail addresses were possibly stolen from an advertising company last week. As a result, customers could receive fraudulent e-mails that attempt to coax their account login information from them. Major Banks Affected by the Theft A number of major banks and financial institutions say [...]

Tags: Card Issuers, Credit Card, Credit Card Issuers, Customers
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Posted on Wednesday, 6th April 2011 by Rebecca Ortiz

Pre-approval credit card offers are becoming increasingly popular as card companies attempt to solicit new clients in the face of record profits and all-time highs in credit card debt. Although the term “pre-approved” may seem straightforward, it actually has a much deeper and more convoluted meaning than one would expect. In addition to the “pre-approval” [...]

Tags: Card, Credit Card
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Posted on Thursday, 24th March 2011 by Rebecca Ortiz

Sooner or later every credit card charges interest, regardless of the promotional benefits offered during the introductory period. However, if the card balances are repaid in full before the end of the grace period, then it is possible to avoid interest altogether. Nonetheless, the majority of cardholders only repay a percentage of their outstanding balance, [...]

Tags: Card, Credit Card
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Posted on Wednesday, 23rd March 2011 by Sarah Sullivan

Every credit card comes with a credit limit. As long as you don’t go over your limit, there won’t be any penalties not from your credit card issuer anyway. Many credit card consumers don’t realize how bad it is to max out their credit card(s). If you have multiple cards, try to keep the balances [...]

Tags: Card, Credit Card
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Posted on Saturday, 19th March 2011 by Rebecca Ortiz

With credit card debt being at an all-time high, it is not surprising that many cardholders are choosing to cancel some of their cards to avoid debt and simplify the management of multiple credit accounts. Repaying a large amount of debt and repairing the credit score after being a victim of credit card debt can [...]

Tags: Card, Credit Card
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