Credit Cards News. Tag: 'increase'


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Interchange Fee Cap Delayed by Fed

Interchange Fee Cap Delayed by Fed

Chairman of the Federal Reserve, Ben S. Bernanake announce to lawmakers on Wednesday that the central bank will miss the April 21 deadline for the proposed $0.12 cap on debit card interchange fees.



by Brent Thomas

More Debit Card Reward Programs Axed

More Debit Card Reward Programs Axed

Following last week’s decision by JP Morgan Chase to abolish reward programs for debit card holders, at least two more major banks, Wells Fargo and Suntrust, have followed suit.



by Brian Weston

FED Propose Easier Access To Credit Scores

FED Propose Easier Access To Credit Scores

U.S. Federal regulators submitted a proposal on March 1st which would give American consumers better access to free credit reports. The idea behind the proposal is to allow consumers more accurate information about their own credit so that they know …



by Roberta Sanchez

Capital One Releases Survey of Small Businesses

Capital One Releases Survey of Small Businesses

A new national survey of small business owners commissioned by credit card issuer Capital One has shown that small business owners are feeling optimistic about 2011. While most small business owners remain reluctant to hire additional employees, over half of …



by Brent Thomas

Chase Reduces Government Expenses by $1.4 Million

Chase Reduces Government Expenses by $1.4 Million

J.P. Morgan Chase officials announced this month that they saved American taxpayers $1.4 million in administration costs during the year 2010.



by Scott Townsend

MasterCard Reports Profit Rise in 4th Quarter

MasterCard Reports Profit Rise in 4th Quarter

MasterCard has announced a rise of 41% in their fourth quarter profits, exceeding all predictions as American consumers, and indeed consumers worldwide, increased the amount of money they spent on debit and credit cards.



by Brent Thomas

Weekly National Average APR Rates Unchanged

Weekly National Average APR Rates Unchanged

Credit card interest rates remained unchanged this past week and stayed in line with near record highs according to a Weekly Rates Report by Credit Card Issuers. In the last eleven weeks, the national APR average for the major credit …



by Brent Thomas

VISA Earnings Disclosed: Good News. Bad News.

VISA Earnings Disclosed: Good News. Bad News.

The credit card giant Visa, one of the world’s largest credit card payment processors just reported its earnings for the first fiscal quarter related to its financial conditions today, February 2, 2011.



by Joanne Lee

Why Banks Trying to Reel in Small Business

Why Banks Trying to Reel in Small Business

Every business has the need for funding to allow for business growth and bring in cash, especially during an economic downturn. Now that the economy is showing signs of improvement, the credit card companies are now trying to pull in …



by Scott Townsend

New BankAmericard Card Gives $50

New BankAmericard Card Gives $50

Bank of America recently launched their new website design, and now they also introduced a new cash rewards credit card that puts an emphasis on cash back rewards with simplicity.



by Brent Thomas

Citi Goes Global with its New Website

Citi Goes Global with its New Website

Researchers and practitioners working in the financial capability field will soon be able to use a new website that has been launched by Citi Bank.



by Brian Weston

Credit Card APRs Continue to Fall

Credit Card APRs Continue to Fall

For the second week in a row interest rates fell on credit cards this week, but the reason might come as a surprise. New credit cards saw their annual percentage rate fall to 14.74 percent, which extended the deadline that …



by Carolyn Spiel




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