General NEWS

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 [...]

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 [...]

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 [...]

If you are planning to close the credit card, there are some steps that you need to take to ensure the whole thing is smooth. The first step is obviously to clear the outstanding balance that you are carrying. The old fashioned method of clearing the balance is by paying it off. However, that might [...]