Compare Rates Now
Credit Card Deliquencies Drop For Fourth Straight Month
Posted by: RateAPY Bank Rates News
May 17th, 2010
The largest credit card companies issued regulatory findings Monday, among them: Capital One, Discover, Bank of America, and JPMorgan Chase. All reported lower delinquency rates for the month of April, evidence that the consumer may finally be recovering from the Great Recession. Delinquency rates have now declined for four straight months. A lower delinquency rate ... Read more »
- Posted in Credit Cards No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
Meredith Whitney Predicts Credit Cards Will Pull Back Further
Posted by: RateAPY Bank Rates News
April 8th, 2010
Meredith Whitney is the Chief Executive Officer of her own company, Meredith Whitney Advisory Group. She is well respected on Wall Street as one who understands commercial banking. In 2007 she predicted the housing crisis that has now rocked America for nearly three years. In a recent interview with Fortune magazine, she warns that credit ... Read more »
- Posted in Bank News | Credit Cards No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
Be Smart When Applying For Credit Cards
Posted by: RateAPY Bank Rates News
March 29th, 2010
Inquiries Can Hurt Your FICO Score
Applying for several credit cards at once is not a good idea. When you fill out a credit card application, the credit card company will run a credit check known as an inquiry. Each inquiry into your credit history can take up to 10 points off your FICO score. Do ... Read more »
- Posted in Credit Cards No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
Good News Regarding Credit Card Fees
Posted by: RateAPY Bank Rates News
March 16th, 2010
There may be an end to the $40 cup of coffee in the near future. Under new banking regulations, credit card companies will not be able to charge customers a $35 over the limit fee for a $2 purchase. Over the limit fees are to be no higher than the amount of the transaction. For ... Read more »
- Posted in Credit Cards No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
New Credit Card Law Will Help Young People
Posted by: RateAPY Bank Rates News
March 4th, 2010
Credit card companies are known for actively seeking new customers on college campuses. Young people who are away from home for the first time have fallen victim to easy credit and found themselves thousands of dollars in debt with no ability to repay, thus ruining their credit histories for seven years.
The Read more »
- Posted in Credit Cards No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
Credit Cards May Indicate a Pattern in Consumer Spending
Posted by: RateAPY Bank Rates News
February 3rd, 2010
It may be common for consumers to use either a credit card or debit card when making a purchase. Tracking consumer spending through the Visa and Mastercard companies may be a good way to detect patterns. Despite record numbers of credit card defaults, both the Visa and Mastercard companies are showing good profits. In part, ... Read more »
- Posted in Credit Cards No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
New Credit Card Rules from the Federal Reserve
Posted by: RateAPY Bank Rates News
February 1st, 2010
In an attempt to help consumers get a better handle on their credit card debt, the Federal Reserve has passed new regulations on credit card companies. The new rules will go into effect on February 22, 2010. Here is a summary of some of the changes you can expect:
Before your credit card company can raise ... Read more »
- Posted in Credit Cards | Interest Rates No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
How Politics May Affect Credit Card Rates
Posted by: RateAPY Bank Rates News
January 26th, 2010
It seems like the interest rates that you pay of your credit cards should be far removed from what goes on in Congress, right? There may be a few degrees of separation, but ultimately politics may have some effect on the interest rates on your credit cards. Here is an example of one possible effect:
... Read more »
- Posted in Credit Cards | Federal Reserve | Government | Interest Rates | Prime Rate No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
Credit Card Balances Decrease Dramatically
Posted by: RateAPY Bank Rates News
January 11th, 2010
Between 2004 and Q3 of 2008, American revolving credit card debt increased steadily. Only a couple of years ago, Americans were known as having a debt-friendly culture. Beginning in Q4 of 2008, the trend reversed. Debt is no longer in vogue, and saving money has replaced the previous mindset.
In the month of November 2009, revolving ... Read more »
- Posted in Bank News | CD Rates | Credit Cards | Debt | Money Market | Savings No Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
Credit Cards Evolving in the New Economy
Posted by: RateAPY Bank Rates News
December 25th, 2009
Banking is going through a lot of changes. Banks are trying to attract new customers while at the same time reducing their risk of losses. Many of their losses have come from defaults on credit card balances. New credit products are sure to emerge that both attract clients and limit losses. Old products are also ... Read more »
- Posted in Bank Deals | Bank News | Credit Cards | Debt 2 Comments »
-
Share this article with:
Delicious
Digg
Reddit
Facebook
Stumble Upon
