We know the big bank cards are cutting credit lines and raising rates.
But store cards — the kind you can only use at one retailer — are not a good place to go for more credit.
Don’t be tempted by cashiers that ask “Would you like to save 10% on your purchase today?” every time you [...]

A new deal between the nation’s best credit counselors and the biggest credit card companies could help more borrowers repay their debts.
The credit card companies have agreed to accept smaller payments, over a longer period of time, when members of the National Foundation for Credit Counseling negotiate repayment plans on behalf of struggling cardholders.
When borrowers [...]

It will impose higher interest rates on a “small percent” of its cardholders and move some from fixed to variable rates.
Discover wouldn’t tell us how many customers are affected, or how much interest rates are going up.
But the Chicago Tribune says a couple of Discover customers had their rates raised from 16.99% to 19.99% and [...]

Once upon a time, credit cards were the best way to guarantee the best exchange rate and avoid fees when making purchases internationally.
But unlike most fairy tales, this one does not have a happy ending.
Most banks that issue Visa and Mastercards now assess a “foreign transaction fee” — 3% is pretty typical — on [...]

The American News Project has produced this report on how banks are employing a roomful of lobbyists to stop Congress from banning the credit card industries worst abuses.
And when I say a roomful of lobbyists I’m not exaggertaing. ANP has tape of them crowding into a congressional hearing. When an opponent is asked how [...]

Again. This time the letters have gone out to cardholders who carry a balance on accounts with an interest rate below 10%.
They’ll see their interest rate increased “to the low- to mid-teens” in their June statements, according to spokeswoman Betty Riess.
Bank of America says it has to do this because the cost of providing credit [...]

Under pressure from New York Attorney General Andrew Cuomo and a class action law suit, J.P. Morgan Chase will drop a $10 a month fee it imposed on 184,000 credit card customers earlier this year.
It will also refund the $4.4 million in fees it’s already charged customers since January.
This was one of [...]

If you’ve ever shopped at Target (and we know you have), you’ve been urged to open a Target credit card as you made your way through the checkout line.
Target branded credit cards, or REDcards, as they’re called, come in two types: a Target store card, or a Target Visa.
The sales pitch cashiers were required to [...]

Lots of folks are shocked when credit cards hit them with big fees, default rates and lower credit limits.
All of the bad stuff a credit card can do you is in the contract you’re given — and accept — when you sign up for the card.
But a report in the NYU Journal of Law [...]

We all know that credit cards are slashing credit limits and closing accounts, even for customers who’ve never missed a payment.
But you may be surprised to hear just how much credit the banks that issue Visa and MasterCards, and credit card companies such as American Express and Discover intend to take away from us.
More than [...]

Judging by what we’ve heard from unhappy Chase credit card holders, the bank has been busy sending out “change in terms” letters the past few weeks.
We already told you about the $10 monthly fee and higher minimum payment imposed on 400,000 accounts.
Now we’re told that interest rates were boosted on “Prime Plus” cards, [...]

JPMorgan Chase has started charging 400,000 credit card customers a stiff, new fee of $10 monthly fee — or $120 a year.
The new fee was imposed on customers who had carried a significant balance for two years or more on a card with a low promotional interest rate of something like 4.99%.
Did we mention that [...]

Credit scores seem to be one of the biggest sources of mystery and myth on the face of the planet. They are the financial equivalent of the Bermuda Triangle or Bigfoot. In fact, I would say that it’s the single largest subject I continually hear people give bad advice about.
Since your credit score has a [...]

In the United States, a credit score is a numerical expression based on a statistical analysis of a person’s credit files, to represent the creditworthiness of that person, which is the likelihood that the person will pay his or her debts. Whether or not this is actually true is debatable, but your credit score [...]

Looking for a winning strategies to accrue airline miles or other rewards with your credit card while staying out of debt? Here are a few simple tips to help keep your point totals flying high and your chances of going into debt at a minimum.

If you’re trying to eliminate your credit card debt, you may have decided that your best bet is to transfer the balance to a new card with a special rate for transferred balances. While the idea of moving your balance to get a lower rate is definitely a good one, there are some things you [...]

Nobody knows for sure how many credit cards are actually floating around in credit space. Credit space is my newly minted term for the aggregate number of credit cards actually issued.
Truth is, if you are average, you have eight credit cards so you occupy 8 parts of the universe now known as credit space. You [...]