A new credit card has hit the market that rewards you for making on-time payments. With the new “Discover Motiva Card” each time cardholders make on-time monthly payments six times in a row, they receive their next month’s interest back as a “Pay-On-Time Bonus”. “Pay-On-Time Bonus” rewards are in addition to the unlimited “Cashback Bonus” […]

Spring break is quite literally the holy grail for credit card marketers. Students are already a favorite demographic for card issuers because they tend to be active credit users with a lot of brand loyalty. Spring break brings together large volumes of students from across the country in centralized location. When you add alcohol, impaired […]

A Senate subcommittee this morning opened it’s first hearing on credit card practices.
In response to growing pressure from U.S. lawmakers, some credit card companies said Wednesday they are trying to do a better job of explaining fees and charges to consumers.
The panel, led by Michigan Democrat Carl Levin, is looking into industry practices he described […]

Bankrate posted a wonderful article on the 6 steps to credit card serenity. I thought I would share it with you.
We’ve become a nation dependent on plastic. Rent a car, buy a gift online, make airline reservations.
6 steps to credit card serenity
1. Know where you stand
2. Pay highest-interest cards first
3. Get a better deal
4. Consider […]

 I came across this press release from CitiGroup and thought that you the consumer would be interested in knowing that the credit card companies might be loosening the grip on our rate hikes and fees. Enjoy!
Citigroup Inc. said it would eliminate a widely used practice of raising interest rates for individual credit card holders when […]

Wells Fargo & Co. might be the next bank to distribute credit cards to checking account customers who don’t have Social Security numbers — namely, undocumented immigrants.
The contentious issue captured national headlines earlier this month after Bank of America announced plans to expand its pilot credit card program throughout Latino-heavy Los Angeles County. The bank […]