If you’ve got an American Express credit card in your wallet, you should take note of this: Amex is raising its late payment fee in January.
Consumer Fraud Forum Blog
When opening up a new credit card, many consumers say they don't bother reading the fine print. In fact, according to CreditCards.com only 26% of consumers say they regularly read their credit card contracts.
The reasons why consumers don't read the agreements are varied, but most people cite two major...
The prepaid credit card business is booming. A Pew Charitable Trust study estimates that 23 million American adults currently use the cards and volume has increased from $20 billion in 2003 to over $300 billion last year.
You’d be hard pressed to go shopping and not be offered one: a store credit card. Outlets from Home Depot to Best Buy to Target to the Gap all have them and will offer them to consumers every time they make a purchase.
If you don't fully understand what affects your credit score, you're not alone. According to a survey by Nerd Wallet earlier this year, it's clear that most Americans are pretty clueless when it comes to the basics about credit scores and credit cards.
Yesterday, we told you about a major increase in scams involving the use of ATM skimmers. Criminals install the devices into ATMs, gas pumps and other point-of-sale devices to steal credit and debit card information from unsuspecting customers.
Fraudsters have made off with an estimated 3 billion dollars worldwide with the help of credit card skimmers – devices fitted over ATMs, gas pumps and other card readers that steal important information from credit and debit cards.
Credit card companies are constantly coming up with new perks and rewards in an effort to win customers over. And with so many cards offering points, miles and other benefits, people may have difficulty picking the best card for them.