(Misfit Photographer)

4 Ways You Can Save Your Self Into Financial Trouble

In general, saving money is good. But if you are overzealous about your thriftiness or think only in terms of immediate or short-terms savings, you could end up paying more in the long run. [More]

Home Depot Confirms Data Breach; Started As Far Back As April

Home Depot Confirms Data Breach; Started As Far Back As April

After nearly a week of only saying it was investigating reports of a massive data breach, Home Depot has confirmed that its in-store payment systems were indeed compromised by hackers. [More]

Nearly 2 Of 3 Millennials Don’t Have Credit Cards

Nearly 2 Of 3 Millennials Don’t Have Credit Cards

Millennials — those Americans currently between 18 and 29 years of age — never really lived in a world without debit cards, when the only way to make a non-cash purchase was to use a credit card or hope the store accepted personal checks. So it may come as little surprise to some that nearly two-thirds of the consumers in this age group don’t have a single credit card to their names. [More]

CFPB Warns Consumers That Some Credit Card Companies Aren’t Disclosing Risks Of Promotional Offers

CFPB Warns Consumers That Some Credit Card Companies Aren’t Disclosing Risks Of Promotional Offers

With a plethora of credit cards on the market, consumers may be drawn to companies and banks that offer the best promotion at any give time. While those deals might seem like a steal at first, the Consumer Financial Protection Bureau is concerned that companies aren’t clearly disclosing the costs and risks of those offers in a way that consumers can easily understand. [More]

(Alan Rappa)

What The Numbers On Your Credit Card Indicate

Over the years, countless people have looked at 16-digit credit card numbers and said things like “Why do they need so many numbers? It’s not like there are 9.999 quadrillion bank accounts out there.” Well, that’s true. But the numbers on your card aren’t just about how many accounts or cardholders exist. They also indicate information about your card issuer, its network and tells processors whether or not the number is valid. [More]

Home Depot Joins The Data Breach Party, Investigating Possible Hack

(Nicholas Eckhart)

Did you shop at Home Depot recently? Then you will probably want to keep an eye on your bank and/or credit card account. The retailer has confirmed it is investigating the possibility of a data breach that may have resulted in customers’ information being stolen. [More]

(Avitania Satari Bronstein)

Restaurant Realizes Maybe It Shouldn’t Force Servers To Pay Credit Card Fees Out Of Tips

Earlier this month we told you about the Minnesota restaurant owners who decided the best way to offset increases to the state’s minimum wage was to deduct credit card transaction fees from servers’ tips. While it’s legal for businesses to do this, a poll of Consumerist readers found that 91% of you think it’s not a wise idea. Looks like the restaurant owners have finally gotten that message. [More]

(Smiley Kailee)

Restaurants Can Deduct Credit Card Fees From Servers’ Tips, But Should They?

A few days ago, the minimum wage in Minnesota increased for the first time in years to $8/hour, putting it slightly above the federal minimum of $7.25. Some businesses are responding to the pay hike by tacking on “minimum wage” fees to customers or by taking credit card service charges out of servers’ tips. [More]

Credit Cards From Amazon, Office Depot, Staples, Best Buy, Toys R Us Have Highest APRs

(frankieleon)

It can be so tempting — You’re about to make a big purchase at a retail store when the cashier says you can save all sorts of money by applying for a store credit card. But what they rarely make clear to you is that the card you’re applying for often comes with a sky-high interest rate — and those rates are going higher. [More]

Study: Credit Card Applications Becoming More User Friendly, But Still Lack Valuable Informaton

Study: Credit Card Applications Becoming More User Friendly, But Still Lack Valuable Informaton

Credit card companies love to advertise all the perks of being a cardholder — rewards points, cash back, airline miles, etc. — but card issuers have historically hidden the not-as-good stuff in the fine print of card applications. A new study finds that banks are doing a better job of making things more transparent — but not about everything. [More]

P.F. Chang’s Security Breach Involved 33 Locations, Goes Back To As Early As October 2013

P.F. Chang’s Security Breach Involved 33 Locations, Goes Back To As Early As October 2013

Consumers’ worried their credit card information was compromised during a security breach at P.F. Chang’s China Bistro earlier this summer now have more details. Investigators have determined that the breach affected customers’ credit card information at 33 restaurants and began as early as October 2013. [More]

One example of a skimming device that's been ripped from an ATM. Diebold thinks that changing the orientation of a machine's card reader will help stop skimming. (photo: Aaron Poffenberger)

Can ATM Operators Beat Skimmers By Simply Rotating Card Readers 90 Degrees?

For decades, we’ve been sliding our credit and debit cards into ATMs with the shorter side of the card entering the reader. All this while, ID thieves have been improving their card-skimming devices to fit this well-established mold. The skimmers have gotten smaller, sleeker, and smarter, to the point where even a trained eye might be fooled. So what’s the best way to upend all those years of hard work by the bad guys? According to ATM biggie Diebold, it’s just as simple as turning the reader 90 degrees. [More]

(MaskedKoala on imgur)

Capital One Sends Customer A New Orange-Juiceless Keyboard So He Can Pay His Bill

We are living in a digital world, which means many things we used to do offline, like paying bills, are now handled online. But what’s a good customer to do when he can’t pay his credit card bill due to a keyboard infiltrated with orange juice? Speak up — and maybe get a free keyboard out of it. [More]

10 Answers To Credit Card Questions We Get Asked All The Time

frankieleon

Credit cards come with a lot of fine print. But the scene isn’t just complicated for cardholders; it’s complicated for the retailers that accept them, too. What needs signing, and what doesn’t? When can a store ask for ID? Are they allowed to charge different prices for cash and credit? [More]

(Ciaran McGuiggan)

Your New Credit Card Is Already Waiting Inside This Secret Facility

Sure, credit card issuers, including Target, aim to get us all using chip-and-PIN (EMV) credit and debit cards sometime next year. They will make our transactions more secure, and maybe we’ll be less likely to get our digits stolen in a catastrophic data breach. Here’s one question that you may not have thought to ask, though: where do these cards actually come from? [More]

GE Capital To Give Back $225 Million To Consumers For Bad Credit Card Practices

GE Capital To Give Back $225 Million To Consumers For Bad Credit Card Practices

One of the nation’s largest credit card companies, GE Capital (which changed its name to Synchrony Bank a couple weeks back) has agreed to the largest credit card discrimination settlement in U.S. history and will fork over a total of $225 million in relief to around 750,000 consumers for illegal and discriminatory credit card practices. [More]

P.F. Chang’s Credit Card Breach May Have Started In September 2013

P.F. Chang’s Credit Card Breach May Have Started In September 2013

Chain fusion bistro P.F. Chang’s confirmed last week that its payment system had been breached, and the company’s official statement is that they’re investigating when and how the breach started. Unofficially, we may have an answer to the first half of that question: the breach may have started in September of 2013. [More]

(Mark Crawley)

P.F. Chang’s Confirms Some Customer Credit Card Info Was Compromised In A Security Breach

Seems P.F. Chang’s is ready to pipe up, after banks reported earlier this week that the restaurant chain had possibly been hit by a breach that compromised customers’ credit card information. The company confirmed last night that while it’s not sure how many customers were affected, its data has been compromised. [More]