Credit Cards News. Tag: 'interest'


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Feds to say Goodbye to Citi

Feds to say Goodbye to Citi

On Monday of this week the Treasury Department announced that it is planning to sell off $2.4 billion of Citi’s shares as part of an underwritten offering.



by Scott Townsend

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

Discover Card Gives Customers Extra Incentives

Discover Card Gives Customers Extra Incentives

While the majority of credit card users use cards because of the convenience, Discover Card is giving its card holders and even bigger incentive by offering them a higher cash-back bonus on certain purchases.



by Brian Weston

Federal Rules Impact On MasterCard

Federal Rules Impact On MasterCard

The CEO of MasterCard, Inc, Ajay Banga, spoke about the settlement reached with the Department of Justice during the last quarter over anticompetitive practices with the three major credit card companies.



by Brent Thomas

Credit Card Offers Still Hard To Understand

Credit Card Offers Still Hard To Understand

New laws that took affect earlier this year have helped to make credit cards a bit more understandable and transparent for consumers. However, a study released on Monday indicated that credit cards are still much more complicated and difficult for …



by Brian Weston

National Average APR Increased

National Average APR Increased

The national APR average was raised to a high of 14.37% this week due to a jump by Capital One on its No Hassle Cash Rewards card and an increase by chase on its Mariott Rewards Visa.



by CreditCardsCo

BofA Declares $7.65 Billion Loss In 3rd Quarter

BofA Declares $7.65 Billion Loss In 3rd Quarter

On Tuesday Bank of America declared a loss of $7.65 billion for the 3rd quarter. They indicated this was due to a charge which was related to the new credit and debit card reform rules that were passed earlier in …



by Brian Weston

US Credit Card Balances Fall; Shares Drop

US Credit Card Balances Fall; Shares Drop

While the credit card industry showed a bit of good news last week with a decline in delinquencies, there is still much disappointment over the consistently slow recovery pace in the US credit industry.



by Carolyn Spiel

The CARD Act and Your Interest Rate

The CARD Act and Your Interest Rate

Anyone who has a credit card is concerned with interest rates and the possibility for increases. The changes with the CARD Act of 2009 have left many consumers unsure of what the new rules are when it comes to increasing …



by Scott Townsend

Laws Regulate Firms That Help Credit Card Debt

Laws Regulate Firms That Help Credit Card Debt

Debt settlement firms are often the last resort for consumers battling overwhelming credit card debt. These firms are now under new regulations that are meant to help protect people from firms that are using abusive and deceitful methods to acquire …



by Brian Weston

Interest Rates Increase After Capital One Raises Rates

Interest Rates Increase After Capital One Raises Rates

This week saw an increase in interest rates among offers for new credit cards for the first time in almost two months. The jump happened after Capital One raised the rate on a large portion of its current cards.



by Scott Townsend




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