(Mike Mozart)

Gasoline Credit Cards Might Not Be Worth The Hassle, High Interest Rates

Saving a few bucks at the gas pump is always nice, but signing on for a gas station-branded credit card might not be the way go about it, according to a new report. [More]

(frankieleon)

Man Arrested After TSA Finds 200 Credit Cards Hidden In Duffel Bag

The Transportation Security Administration keeps a long list of items travelers aren’t permitted to fly with including guns, knives, daggers, and box cutters. While the agency doesn’t explicitly tell consumers they can’t bring along stolen merchandise, like say 200 credit cards, if agents find the pilfered items you’ll likely be arrested. Just ask a New York man who suffered that very fate earlier this week. [More]

While fewer than 8% of all banks put arbitration clauses on deposit accounts, those few banks account for nearly half of all insured deposits in the U.S. (source: CFPB)

In Wake Of Arbitration Report, Consumer Advocates Ask CFPB To Revoke Banks’ “License To Steal”

This morning, the Consumer Financial Protection Bureau released its final report on forced arbitration, showing how banks and credit card companies use contractual clauses to short-circuit class-action lawsuits from their customers. Now that the Bureau has done its research, consumer advocates are calling on regulators to use their authority to end the practice. [More]

Banks & Credit Card Companies Saving Millions By Taking Away Your Right To Sue

Adam Fagen

Tens of millions of American consumers have clauses in their credit card, checking account, student loan, and wireless phone contracts that take away their rights to sue those companies in a court of law, and more than 93% of these people have no idea they’ve had this right taken away from them. The companies involved are presumably quite happy about this lack of awareness, as it results in millions of dollars in savings that aren’t being passed on to you. [More]

(Adam Fagen)

Report: Stolen Credit Card Information Used By Fraudsters To Make Purchases With Apple Pay

A rash in data breaches at national retailers may have led fraudsters to use Apple Pay to make big-ticket purchases with credit card information stolen during national data breaches. [More]

(Jason Mrachina)

High-End Mandarin Oriental Hotels Confirm Data Breach

Mandarin Oriental Hotel Group – operators of more than two dozen upscale hotels from Atlanta to Jakarta – confirmed late Wednesday that its properties are the latest victims of a credit card breach. [More]

(frankieleon)

3 Ways You Could Be Hurting Your Credit Score Even If You Pay Your Bills On Time

If you pay make regular credit card payments that are well above the minimum, and no one is hassling you about outstanding bills you might assume that your credit score is getting healthier or at least maintaining its current level. But there are some mistakes that consumers don’t even realize they’re making that could be hurting their FICO numbers. [More]

(Rick Takagi)

Costco Announces New Credit Card Partnership With Citi, Visa

It seems Costco is not one to sit around pining for old flames very long, as the shopping club announced today that it’s rebounding from the end of its relationship with American Express with a new partnership with Citigroup and Visa. [More]

(Colin)

My Credit Card Interest Rate Is Going Up. What Are My Options?

Earlier this week, American Express announced that it would be raising annual interest rates on more than 1 million accounts, leading lots of people to ask if this could happen to their credit card — and what they should do about it. [More]

(Philip Taylor)

CFPB Wants Better, Faster Database Of Credit Card Agreements

Much like a restaurant that has to shutter for a short time while installing new kitchen equipment, federal regulators occasionally have to press pause on an important process to fix things for the long haul. So in order to improve the Consumer Financial Protection Bureau’s public database of credit card agreements, the agency is planning to give banks a brief break from having to file those documents with the system. [More]

(The.Comedian)

American Express Raises Interest Rates In Effort To Be Just Like Other Credit Cards

The bad news continues to mount for American Express customers, as the company announced plans Wednesday to raise the annual interest rates on a number of consumer credit cards. [More]

(Beth Lennon)

4 Things To Think About Before Paying Your Taxes With A Credit Card

Millions of Americans will owe the IRS anywhere from a few dollars to many thousands of dollars when they file their income tax returns, and not all of them have funds available to pay what they owe. The simple answer might be to just put that bill on your credit card, but you could end up paying a lot more than you expect. [More]

(Wilfredo Cebrian)

Colleges May Be Violating CARD Act By Not Providing Copies Of Credit Card Agreements

Although the number of agreements between credit card issuers and higher education institutions are on the decline, many of the schools that do have such agreements may be in violation of the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act by not making those contracts publicly and readily available to consumers, according to a new investigation by a consumer group finds. [More]

(The.Comedian)

American Express Loses Antitrust Lawsuit Over Merchant Rules

After nearly five years of legal battles, a federal court has ruled that American Express’s merchant agreements violate antitrust laws and has resulted in higher costs for consumers. [More]

(Misfit Photographer)

New Visa Feature Uses Smartphone Location Tracker To Prevent Fraud By Knowing Where You Are At All Times

Forgetting to tell your bank that you’ll be traveling far outside of your normal spending zone can often lead to frustrations like having transactions rejected out of concern that your card is being used fraudulently. In an attempt to make the lives of frequent travelers easier – and prevent fraud – Visa plans to launch a new service this spring that automatically informs banks where you are. [More]

JetBlue Also Reportedly Looking To End American Express Partnership

JetBlue Also Reportedly Looking To End American Express Partnership

For ten years, JetBlue and American Express have been partners on the airline’s co-branded credit cards. But a new report claims that this longterm relationship may be coming to an end with JetBlue and that it’s already picked out a new partner. [More]

Costco Says Dumping American Express Was About “Saving Money For Customers”

Costco Says Dumping American Express Was About “Saving Money For Customers”

Yesterday, American Express announced the impending end of its monogamous relationship with Costco, meaning that not only will AmEx cards no longer be accepted at the popular warehouse store but that co-branded AmEx/Costco credit cards will be useless after March 31, 2016. Now Costco is breaking its silence on the split, saying it was all done in the best interest of Costco shoppers. [More]

Visa, MasterCard Working On Security Improvements To Make Data Breaches Suck Less

Visa, MasterCard Working On Security Improvements To Make Data Breaches Suck Less

The data breaches, major and minor, that we’ve seen over the past few years aren’t going anywhere. Payment system and database hacks are, for now, basically inevitable. And that’s why Visa and MasterCard have both announced plans to expand their security features for online shopping. [More]