Archive : Credit Card News

Banks Kept Credit card Interest Rates Unchanged

Banks Kept Credit card Interest Rates Unchanged

This week credit card issuers took a break from raising interest rates, as experts began to see signs that consumers’ access to credit may be starting to ease…

Capital One US Credit-Card Delinquencies Rise In August

Capital One US Credit-Card Delinquencies Rise In August

A continued increase in delinquencies for U.S. credit-card customers in August has been reported by Capital One Financial Corp. (COF), but charge-off levels…

New Credit Card Rules have Card Companies Scrambling to Protect Bottom Line

New Credit Card Rules have Card Companies Scrambling to Protect Bottom Line

By the New rules some protection against sudden interest rate hikes and payment changes are being given to credit card holders.It would be starting from Thursday, before raising their interest rates credit card companies would give you…

Credit Card Rates Rise In 1st Half of ’09

Credit Card Rates Rise In 1st Half of ’09

According to a consumer advocacy group, the credit card rates have been raised by nation’s banks and they have increased their profit from lending to consumers in the first half of 2009. On Monday, The Pew Safe Credit Cards Project have said that…

Bank of America Credit Card Defaults Rise

Bank of America Credit Card Defaults Rise

The Bank of America credit card charge-off rate raised to 13.82 %.The details are that…

Rise in Capital One 30-Day Delinquencies from 4.83% to 4.77%

Rise in Capital One 30-Day Delinquencies from 4.83% to 4.77%

On Monday it has been said by Capital One Financial Corp. (COF) that those U.S. borrowers who are at least a month behind their card payments has been increased up to to 4.83% in July from 4.77% in June.According to a regulatory filing Monday, In addition to this, the bank and credit-card issuer have…

FBI Launches $80 million Credit Card Fraud Investigation

FBI Launches $80 million Credit Card Fraud Investigation

In Colorado, a major FBI investigation is underway, in that investigation bank and credit card fraud is involved. It is anticipated that this investigation could involve as much as …

Police Credit Card Misuse will not be Punished

Police Credit Card Misuse will not be Punished

According to a police watchdog, in the last two years more than 1,000 Metropolitan police officers who have misused corporate credit cards will not been punished….

Police Warn Of New Credit Card Scam

Police Warn Of New Credit Card Scam

The people are being warned by the Madison police about a new texting scam that asks respondents to give up their…

Credit Reports and Scores: What is a credit score?

Credit Reports and Scores: What is a credit score?

Have you ever wonder why you can go online and be approved for credit just within 60 seconds? Or get pre-qualified for a car and no one even ask you how much money you make? Or why you there is a difference between the interest rates of you and your neighbor? The answer to these questions is…

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