Credit card news
Want To Lower Your Citi Card Interest Rate? You Must Spend More Money With It
Are you a Citibank credit card member?
I am and have been since 1998. The card I currently have is the Citi PremierPass card which I got in 2007. Though I own the card, I don’t use it very often because the rewards from the card isn’t better than those I receive from other cards. Basically, [...]
The AmericanDream Card – The Pooled Rewards Card
This card, the AmericanDream Card from HSBC, is quite unique.
Rewards programs from most credit cards usually reward cardholders with cash backs, frequent flyer miles, or points. The AmericanDream Card, on the other hand, gives card members entries to the sweepstakes. Every time a dollar is spent on everyday purchases with the card, an entry to [...]
American Express To Pay You To Cancel Your Cards
This may not be a desperate move, but definitely sent a clear message to cardholders: They no longer appreciate your business. In fact, they will even pay you to leave. As unbelievable as it sounds, that’s what one credit card company is doing now and maybe more issuers will take similar action.
AMEX has just launched [...]
Chase Adds Fees To Low Interest Rate Credit Cards: No More 0% Balance Transfer From Chase?
This isn’t the good news that I want to share.
An article on USAToday says that Chase, the largest credit card issuers in the nation, is adding a $10 monthly fee,or $120 a year, to credit cards with low promotional interest rate. According the the article,
The change affects consumers with low promotional rates who have carried [...]
FICO 08 To Be Available To Consumers Soon
Fair Isaac Co., the publisher of the FICO credit score which is widely used by lenders to assess the credit worthiness of a borrower, is rolling out its new and improved credit score system, FICO Risk Score, Classic 08, or FICO 08. Today, Fair Isaac announced that it has teamed up with TransUnion, one of [...]
Credit Cards That Comply With New Credit Card Rules
So the federal regulators have passed new credit card rules that ban credit cards issuers from using unfair practices when dealing with customers on interest rates, payments, and fees. The new rules contain 5 elements:
Issuers can’t change interest rates at will. They must give card holders at least 45 days advance notice after the account [...]