Surviving in the world...

Surviving in the world of credit cards

Now we, customers, play a game ‘who have a better credit score’. It looks like that having a credit score is a point of pride rather than...

Some necessary researc...

Some necessary researches before getting rewards credit card

You decide to choose a credit card? OK, at first make a research to find the best variant for you. Before you request one of cards, you should be...

Advantages of reward c...

Advantages of reward credit cards

Of course, you think about worth and convenience of using a retail credit card so that when you buy something at this shop and you see something you...

A good credit history ...

A good credit history it’s very easy

Credit cards are convenient and can certainly help you to settle a good credit history, when you are young. And the good credit history is very...

Sony PlayStation data breach: Hackers claim they have 2.2 million credit card numbers

Posted by: John Freycinet  Posted date: May 01, 2011 in Credit Cards Articles
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The Sony PlayStation story keeps evolving.

In the three days since the company revealed that credit card data could be among the information hacked from its database of 77 million online gamers, there have been three new developments and items of interest:

News organizations that have sniffed around in hacker boards and chatrooms are reporting that lowlifes therein are offering credit card information they say they purloined from the PlayStation database. According to the (UK) Guardian’s technology blog, hackers claim they have 2.2 million Sony customers’ credit card numbers — including their security codes, which make it easy to use cards fraudulently.

If so, that would be Sony’s — and the consumers’ — worst nightmare. The newspaper stresses that these are unconfirmed reports, but adds that some PlayStation customers are reporting that they’ve seen unauthorized charges on their cards. Th

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Tags: Card Credit Card Sony Playstation

Average Credit Card Debt by City & State – 2010

Posted by: Lola Thornton  Posted date: May 01, 2011 in Credit Cards Articles
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Average Credit Card Debt By City & State

PlasticRewards presents an infographic of the average credit card debt by city and state. See where your city and state rank nationwide.

Tags: Card Debt Credit Card Credit Card Debt State

Credit card holders choose cash back as most important reward

Posted by: Matilda Sprent  Posted date: May 01, 2011 in Credit Cards Articles
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Credit card users value cash back rewards more than any other type of credit card reward, according to a recent report from comScore.

Published last week, comScore’s Online Credit Card Report took a comprehensive look at the credit card industry over the past 12 months. The report noted that 57 percent of credit card holders selected cash back rewards as the most important credit card reward type.

“Merchant rewards” and “flexible points” tied for second with each type of credit card reward being chosen 13 percent of the time. Airline m

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Tags: Cash Back Credit Card Reward

Credit Card Penalties May Jump to 30 Percent for Bank of America Customers

Posted by: Lola Thornton  Posted date: April 26, 2011 in Credit Cards Articles
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Customers of Bank of America Corp. may experience a massive increase in credit card penalties, according to an announcement made by a company spokeswoman on Tuesday. The spokesperson said the major card issuer plans to hike penalty interest rates to as much as 30 percent for customers who miss payments in the coming months.

Bank Increases Penalty Rate to Compensate for Lost Revenue

In order to compensate for a large decline in revenue so far in 2011, Bank of America is making changes that could have a huge effect on its customers. Starting June 25, the bank will begin charging a penalty rate of as much as 29.9 percent for customers who make late payments on their credit card balances, the company spokeswoman recently confirmed.

The bank reportedly saw a decline in revenue to $5.6 billion in the first quarter of 2011. Th

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Tags: Card Penalties Credit Card Credit Card Penalties Customers

The Advent of Huge Bonus Miles Credit Card Programs

Posted by: Matilda Sprent  Posted date: April 24, 2011 in Credit Cards Articles
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The Advent of Huge Bonus Miles Credit Card Programs

Credit card companies fight tooth and nail to get each other’s loyal customers, and when the competition heats up it is always good for the cardholder. The most dramatic example of this kind of war to win customers in recent history happened this spring, when innovative card company Capital One fired the first shot by matching up to 100,000 points for anyone who moved mile accounts over to the travel rewards card.

That attracted lots of people who had accumulated miles in other programs and did not want to risk losing them by changing credit cards. In addition to that, the card company also offered a bonus award of 10,000 points to anyone who signed up for the card. Then Chase followed with a great deal on its British Airways Visa card, offering a sign-up bonus of up to 100,000 miles. A

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Tags: Card Programs Credit Card Credit Card Programs Programs

One in five shopped for a credit card in the past 12 months

Posted by: Matilda Sprent  Posted date: April 24, 2011 in Credit Cards Articles
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Nearly one of every five cardholders shopped for a new credit card in the past 12 months, according to a recent report published by comScore.

Among other findings, the comScore Online Credit Card Report (2010 edition) reported that 19 percent of cardholders shopped for new credit card offers in the previous 12 months.

Even more, the percentage of cardholders shopping around for credit card deals jumped to 34 percent (slightly more than one in three) among those who have a positive view of the economy.

Additionally, comScore noted that 14 percent of those who do not carry a balance on their credit cards shopped for a credit card in the past 12 months, and this figure jumped to 23 percent among those who do carry a balance.

This significant (nearly double) increase between the two groups could potentially be related to the relative strength of balance transfer offers right now.

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Tags: 12 Months Credit Card Months

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