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It's no mistake. This credit card's interest rate is 79.9 percent.
It's no surprise that banks are pushing rewards cards given their popularity with consumers. The catch is that the cards being offered are now more likely to have annual fees.
The Federal Trade Commission said Tuesday it has filed lawsuits against three groups allegedly offering worthless credit card interest rate reduction programs through illegal automated calls.
Consumers are expected to further improve their credit management in 2010, but unemployment will hamper the efforts of many Americans to make their credit card payments on time.
Struggling credit card holders fell behind on their payments in October at the highest rate in five months, according to Fitch Ratings.
Watch out: If you’re not careful with money during your college years, you could find yourself living under your parents’ roof again before you know it. 10 Tips columnist Laura T. Coffey offers advice to help freshmen graduate to a new level of financial responsibility.
New rules meant to give credit card users more information and stop policies that many consider abusive are starting to take effect.
Canada proposed new regulations aimed at protecting credit card users on Thursday, a day after the U.S. Congress approved legislation that would make sweeping changes to the credit card industry.
Advanta Corp., a credit card lender to nearly 1 million small businesses, will close all its cardholders' accounts next month in a last-ditch effort stem losses.
Swiping your credit card would come with dramatic new protections under regulations considered by Congressional lawmakers Thursday.
The British government should cap credit-card interest rates to help small businesses weather the economic downturn, an industry body said Tuesday.
Federal regulators on Thursday adopted sweeping new rules for the credit card industry that will shield consumers from increases in interest rates on existing account balances among other changes.
Democrats working to unseat U.S. Rep. John Shadegg wondered whether political dirty tricks were afoot: A business credit card belonging to the incumbent's re-election campaign was found on the floor of a Democratic field office in Tempe.
Police didn't have much trouble finding a man accused of using a stolen credit card — he signed his own name on one of the receipts.
The chairman of the Senate's investigations subcommittee said Monday he supports the Federal Reserve's proposed restrictions on credit card practices, but that the rules don't go far enough.
The Federal Reserve and other regulators initiated steps Friday to end "unfair and deceptive" credit card industry practices assailing consumers who are already struggling to cope in a bad economy.
Americans are falling behind on their credit card payments at an alarming rate, sending delinquencies and defaults surging by double-digit percentages in the last year and prompting warnings of worse to come.
So you're at the gas station filling up your vehicle, and without warning the gas pump shuts off. What? The tank isn't full, and you know your credit card isn't over its limit.
On December 28 I visited a local Dollar General store in our area (shopping choices are limited in rural areas). I attempted to pay for my purchase with my debit card and the system wouldn't recognize it. At the time I thought little about it and paid with cash.
Fidelity: Generation Y Saving More and Spending LessAmong the positive results of the current economic situation is that those of my generation seem to be acting more fiscally responsible. Please share this information, as this year draws to a close.
Idaho C-stores Raise Stink Over Unfair Swipe FeesA new grassroots effort launched by convenience store chain Stinker Stations is seeking to fight interchange fees, a percentage tacked on to every purchase made with a credit or debit card, and paid by the merchant.
Credit card companies enhance the credit limits on their own and they also charge an amount for enhancement .If you protest they reverse the entry. Minimum balance payment is observed more in the breach. Rate of interest calculation is so complex ,though it appears to be nominal, …
Why isn't credit card interest criminal?Great article on history of usury and why credit card companies can charge what they want.
Thief racks up big bill on cancelled credit cardRebecca Watson had her credit card stolen from her letterbox. But even after cancellation, the thief managed to spend hundreds of dollars on taxi rides around Auckland.
Salvation Army kettles can now accept credit cardsNot having cash won't be an excuse to pass by the Salvation Army red kettles this holiday season. Bell ringers in about 200 cities now accept credit cards.
Prisoners benefiting from citizens' credit cards KIRKLAND, Wash. - Carol Lindros of Kirkland owns an auto body shop. But she believes someone behind bars is wrecking her credit. "Unbelievable, they're stealing from me and nobody's been arrested or done anything to them," said Carol. (by JESSE JONES / KING 5 News)
GOP Blocks Freeze On Credit Card Interest Rate HikesSenate Republicans blocked a Democratic effort Wednesday to immediately freeze increases in credit card interest rates, fees and finance charges.
Fed Rules Would Restrict Overdraft Fees on Debit Cards"The final overdraft rules represent an important step forward in consumer protection," the Federal Reserve Chairman Ben S. Bernanke said. "Both new and existing account holders will be able to make informed decisions about whether to sign up for an overdraft service."
Ok, so perhaps I was spoiled: Washington Mutual had lulled me into a false sense of safety, almost leading me to believe that it wasn't a banks' sole purpose to lie cheat and steal as much as possible out of its customers.
Employee accused of using company credit card for spending spreeNEW BEDFORD — An employee at a city manufacturing firm is accused of using his company credit card to buy nearly $313,000 in electronics and other items without permission, reports the New Bedford Standard Times.
Lawmaker Wants Credit Card Rate Freeze - TIME(WASHINGTON) — Senate Banking Committee Chairman Chris Dodd, who is fighting for his political survival, proposed Monday an immediate interest rate freeze on existing balances for the estimated 700 million credit cards in circulation.
Bada Bing: Here's A Credit Card With An 79% Interest RateNBC San Diego found a local wine distributor who was issued a credit card with a 79.9 percent APR. The Premier card from South Dakota's First Premier Bank is responsible for the usurous, loan shark-style rate. The station's Bob Hansen writes:
Pre-approved credit card with 79.9% APR?For Gordon Hageman of San Diego, the Premier card offered by First Premier Bank came with a 79.9 percent APR. While it looks like an attempt to gouge the consumer, it is perfectly legal. Wine distributor Gordon Hageman thought "it was a mistake" reports NBC San Diego.
Consumer Alert! BBB: Store Charging For Unauthorized Purchases The Better Business Bureau is warning consumers about a company it says is submitting charges, in some cases months after the original purchases.
JPMorgan & Bank of America Overhaul Overdraft FeesJPMorgan Chase & Co said on Wednesday that it was eliminating some overdraft fees altogether and trimming others, after Bank of America Corp announced a similar move on Tuesday. More Articles
Nuclear power plant worker disappears, family wants answers Police are asking for the public's help locating an Arizona nuclear power plant worker who went missing last weekend.
Retiree Forced To Pay $11,000 In Fraudulent Credit Card Charges Imagine someone racking up $11,000 in charges on your credit card without your knowledge. That's what happened to a retired Loveland man, who is now responsible for paying it all back.
Two years after giving up on chartering an industrial bank in Utah, Wal-Mart us busy carving out a niche in banking for the unbanked.
Cost of credit card debt soaring Being in debt is about to get a lot more expensive for millions of Americans.
Bank of America ends arbitration of credit card disputesBank of America, the largest U.S. bank, said Thursday it is dropping a requirement that forces consumers with disputes on credit cards and other accounts into arbitration.
5 Secrets Your Bank Doesn't Want You to KnowThree-quarters of banks automatically enroll consumers in their "overdraft protection" programs without formal permission, and more than half of banks manipulate the order in which checks are cleared to trigger multiple overdraft fees, according to a Federal Deposit Insurance Cor …
If you listen to the radio now days, you will hear advertisements that are at best, misleading. The airways are clogged with verbal cholesterol of empty promises and downright lies.
Buyer Beware: Credit card companies tack on new fees Millions of American credit card holders may want to pay closer attention to their monthly statements since banks have started adding on new fees in recent weeks.
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