Irritated at being charged Foreign Transaction Fees? How about late fees of $30 on credit card balances less than $100? It seems that this type of fee might be going away. After the passage of the Credit Card Responsibility and Disclosure Act of 2009 passed, there was much wailing and gnashing of teeth in the [...]
Entries Tagged as 'american express'
Credit Card Companies Backing Off on Fees
January 28th, 2011 · No Comments · Banking, Credit Cards
Tags: american express·Citibank·credit card fees·Credit Card Responsibility and Disclosure Act·Credit Cards·foreign transaction fees·late fees·MSN Money·Wall Street Journal
New Rules to Let Merchants Offer Discounts Depending on How You Pay
October 7th, 2010 · No Comments · Credit Cards, Debit Cards
If approved by the court, merchants will now be allowed to tell you which form of payment will save you the most money. Until now, merchants were prohibited from doing so per their contracts with said credit card companies.
Tags: american express·Cash·civil antitrust lawsuit·credit·Credit Cards·Debit Cards·Mastercard·The Washington Post·Visa
Credit Card Debt Priority, New Homes Not So Much
June 16th, 2010 · No Comments · Credit Cards
Despite a dip in housing construction last month – an important economic indicator – credit card delinquencies fell. So while the economy is clearly struggling to bounce back, consumers are keeping priorities straight and paying on their debt! In May, housing construction fell to its lowest level in five months. Though experts anticipated a dip [...]
Tags: american express·bank of america·Capital One·Citigroup·Credit Cards·debt·Discover·JPMorgan Chase·new homes
Do-It-Yourself Credit Cards Hit Market
February 10th, 2010 · No Comments · Credit Cards
USA Today reported yesterday that more consumers are turning away from credit cards. Revolving credit decreased at an annual rate of 13 percent, according to a Federal Reserve Report issued February 5, 2010. Revolving credit is usually defined as debt incurred through the use of credit cards. Three major card issuers, Discover, Citibank and American [...]
Tags: american express·Citibank·Credit Cards·Discover·Interest Rates·revolving credit·rewards programs·undocumented workers·Zync
