With customers continuing to repay their holiday debt on time, the late payments in several leading banks showed a drop for the month of February. The decrease in the rate of delinquencies were not just limited to a handful of major credit card lenders, but almost all of them who have a large market share.
The [...]
News about credit cards
Credit card defaults for February trend south
[May 9th, 2012]Equifax and FICO warn banks about the secret credit card fraud
[March 7th, 2012]Credit card frauds are increasing day by day. On the surface, bank reports some of the cheapest credit card delinquency, default as well as fraud rates they have experienced since the credit card issuers began maintaining records. Still, according to 2 main credit card service companies, credit card issuers have still to experience the complete [...]
Late credit card payments at record high
[December 26th, 2011]Several major credit card companies – Capital One, American Express, Discover, Chase and Bank of America – reported a rise in late customer payments in September. This is the first time since February 2009 that so many major card companies have all had customers with trouble paying their bills for more than 30 [...]
Banks Temporarily Cut Fees for Irene Victims
[November 6th, 2011]Hurricane Irene made a mess in part of the East Coast, causing flooding, evacuations, and a New York metro system shut down. Banks have come together to try to provide assistance to its customers in affected regions. JP Morgan Chase & Co., America’s second largest bank, is leading the way and in an act of financial [...]
Prepaid cards to bail you out of tough time and repair credit history
[September 20th, 2011]If there is one thing that people with a poor credit history suffer from, it is the unavailable of the right unsecured credit cards that can help them rework on their history and improve the credit scores. The only respite is to opt for a good prepaid card, available with favorable terms, and use it [...]
Credit cards with rewards that you are well to do without
[August 15th, 2011]The increase in the employment opportunities and decrease in the number of defaults on credit cards clearly heralds the improvement in the economic situation. Banks and other financial institutions that were proceeding cautiously during the period of recession are now taking bold moves to recover their lost share of customers. With the competition definitely heating [...]
Have a bad credit report? – First premier bank cards you can apply for
[July 31st, 2011]If you have a bad credit report against your name, there is no need to worry yourself about getting a credit card. While the onset of recession a few years ago instilled this fear in the minds of customers a few years ago, this is not the case anymore. There are banks that are willing [...]
Are you doing a balancing act with your balance transfer credit cards
[July 17th, 2011]Most of us own more than one card and it is easy to run into a huge credit card debt without even realizing it. So, when you get an offer for 0% on balance transfers, you must certainly explore the offer in detail.
Credit card companies use various incentives to attract customers and to get business. [...]
Credit cards deals for consumers with limited credit history
[July 2nd, 2011]Having a limited credit history is akin to having no credit history because banks treat consumers under both these categories the same way. Obtaining a credit card with a limited credit history can prove to be a herculean task since very few financial institutions have offers that are worth considering. Few banks, however, are willing [...]
Increase in credit card rates after a short period of relief
[June 17th, 2011]Customers are now paying more for the balance transfer credit cards that offer this facility at low rates because most of the banks have now cut short the interest free period and increased the hidden rates to 19.18%. Credit card issuers use the bait of low APR to bring in new customers, but they don’t [...]

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