Category Archives: Credit Card Industry
- Credit One Bank Platinum Visa Offer Review
Thanks to an awesome reader, Almost Debt Free in Seattle, I have received the following credit offer to review as part of my I Buy Junk Mail program. This offer is from Credit One Bank for a Platinum Visa card to build a “solid credit history.” These type of major credit cards that report to [...]
- Credit Card Fraud Protection in Australia, UK and the US
In Australia, United States and United Kingdom, credit card use appears much the same. The names are familiar – Amex, MasterCard and Visa are the dominant players in all three markets. But the card issuers responsibilities to consumers aren’t quite equal. While U.K .and U.S. consumer protection schemes have convened into a general code for [...]
- The Future of Credit Cards
The Future of Credit Cards (via Credit.com) At a recent conference devoted to travel and credit card rewards, executives from Chase, Barclaycard, US Bank, Capital One and American Express were on hand to share their views on the future of credit cards — and there was a broad consensus on where the industry is going [...]
- Are CreditOne and First Premier Bank Platinum Credit Cards for Bad Credit a Good Idea?
Looking to rebuild your credit score, get new credit after bankruptcy or get access to credit when your credit is in the toilet? Folks with low credit scores or recent bankruptcies are getting deluged with pre-approved credit offers that seem too good to be true, according to folks who have sent me copies of the [...]
- Bank of America Offers Sweet Balance Transfer Deal in Time for Christmas
You would not believe the number of credit offers I review and see. But this one caught my attention as usually interesting. I have no idea how many people have access to this offer but if you are a Bank of America card holder it might be worth calling customer service and seeing if you [...]
- Citi Price Rewind Program. Good Deal or Something to Avoid?
Citi has just announced a new program called Price Rewind. On a quick glance it looks like an interesting concept. It’s billed as free service for Citi Card holders who register to let the autmated system hunt for cheaper prices on products they’ve purchased using the card. If a lower priced item is found within [...]
- Target Sells RedCard Credit Card Biz to TD Bank But Will Keep Servicing
You know that Target card you have in your wallet. Not the debit card, but the credit card. Well Target has sold their book of customers and accounts to Toronto Dominion Bank (TD Bank) for a reported $6 billon. The price tag is equal to the entire amount of the amount due on the cards. [...]
- American Express to Pay Big for Illegal Credit Card Practices. Consumers to Get Refunds.
In announcements today the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) both announced fines and refunds against American Express totaling more than $100 million and creating refunds due consumers. Part of the issue at hand is how American Express falsely handled debt settlements on their cards. It [...]
- Russia Credit Card Marketing Picking Up Speed With Tinkoff Credit Systems
I was just in St. Petersburg, Russia and noticed that credit cards were not accepted everywhere, but yet enough places to separate me from my money. Had I known about Tinkoff Credit Systems when I was in St. Petersburg I would have dropped in to talk to them. It seems that Tinkoff Credit Systems has [...]
- The Credit Card Landscape 2012 2Q [Infographic]
courtesy of CardHub.com
- Payment Protection Plans Horrible for Consumers. Banks Love Them.
We’ve all seen them. Those offers to cover us if we are sick, laid off or injured and unable to make our credit card payments. Over the years, for every one person that has told me they have received some payment or benefit from the program, there have probably been 500 more that have not. [...]
- Robo-Signing Fraud Hits Credit Card Companies. Makes Lawsuits Problematic.
Photo Credit: Sebastianlund In the last year there has been quite a lot of news about the mortgage industry using a technique called robo-signing. This is where a person is supposed to review documents to proceed against a homeowner and foreclose on their home but in fact never examines the information to see if it [...]
- Can I Settle Credit Card Debts for Less Because Banks Cannot Prove What I Owe Them?
The following is an excerpt of a question from a CRN educational subscriber that was sent to his CRN specialist and forwarded to me for my take on the issues raised. I think it is a compelling topic so I am sharing the questions and concerns and the response I gave. Question: “What is Consumer [...]
- West Virginia Settles Charges Against Capital One
West Virginia Attorney General Darrell McGraw announces a settlement his office reached with Capital One Bank (USA) N.A.; Capital One Service, LLC, a Delaware corporation; Capital One Services II, LLC; Capital One Services III, LLC; COSI Receivables Management, Inc. (collectively Capital One), to resolve claims involving credit card practices in place prior to January 1, [...]
- Be Smart and Find the Best Credit Card That’s Right for You
For anyone who has spent more than a few minutes on the GetOutOfDebt.org site you easily come to the conclusion that it is primarily about getting rid of debt but getting out of debt is more than just about eliminating your bills. Getting out of debt is also about not getting into overwhelming debt. One [...]