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Banks, Credit-Card Issuers Warn of Security Breach

NEW YORK -- With the possible theft of millions of email addresses from an advertising company, several large companies have started warning customers to expect fraudulent emails that try to coax account login information from them. Companies behind such brands as Chase, Citi and Best Buy said over the weekend that...

Faster Card Balance Payoff Boosts Credit Scores

(May 25) -- Paying more than the minimum amount on your credit card balance has always been a prudent way to reduce account balances faster and save money. New federal regulations make that tactic even more rewarding. Under the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009, when you pay more...

Shoppers Get New Protection for Gift Cards

(March 23) -- American consumers will be protected from hidden fees and untimely expiration dates that chain stores, credit card companies and other merchants tie to retail gift cards under new rules issued by the Federal Reserve. The rules will cover bookstore chains, clothing retailers and other kinds of affiliated...

Get Ready for Round 3 of Credit Card Reform

(March 19) -- Don't take the shears to your credit card just yet. While credit card issuers may have managed to stay one step ahead of consumer-protection regulations, the next round of Credit CARD Act provisions will force them to roll back some of their charges. "This proposal addresses two key costs of using a...

Opinion: Credit Card Users Need Relief Now

(Nov. 24) -- As you reach for your credit card this holiday season, be aware that your bill may have some unpleasant surprises in store for you: interest rate hikes and decreased credit limits, even if you have good credit and pay your balances on time. Congress passed a law in May to crack down on the abusive practices...

credit cards News From the Web

06/01/12 RAKBANK Announces a New Millionaire Source: PR.com Dubai, United Arab Emirates, June 01, 2012 --( PR.com )-- Chanchal Gala couldn't have wished for a better start to 2012!
05/31/12 CitiBusiness AAdvantage World Mastercard Free Travel Source: Consumerism Commentary If you've spent any time on a plane in the past few years, you've probably noticed the growing gap between business travelers and the folks riding in the "back of the plane."
05/31/12 Bare Essentials Backpedal Source: Roll Call - Washington DC When we last left our heroes at the United States Senate Federal Credit Union, they were telling us that "more personal activities," such as boob jobs, were on par with weddings and braces as necessities of life.
05/31/12 Possession of child pornography and credit card... Source: CTV News Calgary police are asking anyone who has lived in a condo complex in the 100 block of Millrise Drive S.W. to make sure their identification or credit cards have not been compromised.
05/31/12 Bank Hapoalim's Isracard Q1 profit up 23 pct Source: Reuters Bank Hapoalim unit Isracard, Israel's largest credit card company, reported a 23 percent rise in quarterly profit, helped by growth in the non-banking credit card sector.

Background on credit cards

A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services.

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