Default Rates of Credit Card Issuers

Predictably, the financial crisis that we seemingly have weathered has hit credit card issuers especially hard. American Express, Discover, Capital One and Bank of America offer a window into how bad the economy was and charts a course for its improvement. The giant credit card processors Visa and MasterCard make their money by charging a [...]

Consumers Grow Increasingly Less Satisfied with Credit Card Companies

A survey that was recently conducted by highly respected JD Power and Associates reveals something that I’ll bet you’re not going to be too surprised with. Most especially in these tough economic times. The survey revealed that more and more credit card account holders are becoming dissatisfied with their credit card company. And as their [...]

What Credit Means to Us

Credit cards are certainly making a great many headlines in the news these days. First it was the Federal Reserve, then Congress and now President Obama are all weighing in on credit card reform. We have written many posts on the subject so please feel free to check some of the prior entries if you [...]

Rewards Programs Are Getting Tighter With Their Payouts

It would seem that we are now seeing yet another effect of the current credit crisis in America. Credit card issuers are becoming ever more stingy when it comes to paying out on their rewards programs. There is a great deal of pressure on card issuers to reduce costs and one way to do so [...]

How Credit Card Grace Periods Effect You

Before you apply for your next credit card be sure to check the length of the grace period. Grace periods are an often overlooked part of the credit card equation and they really shouldn’t be. A grace period is defined in Wikipedia as the amount of time one is given to pay back money that [...]