credit cards

Discover Randomly Raises 400,000 Members' APR "To Remain Competitive"

By consumerist.com 10.11.07

Discover card holders, check your bills. You may be one of 400,000 lucky members getting their interest rates significantly increased for no apparent reason.

We received a “Love Note” separately from our statement from Discover stating that our APR will be rising from 12.74% to 19.99% . While I do carry a small balance on the card sometimes, it has never been one that I use much because I have cards that are below 8% APR and still offer rewards. Now, my credit isn’t bad (744 FICO – just checked after getting off the phone with Discover). I have no past dues, never pay late, etc. I also noticed that the statement said “this decision to change your terms was NOT based upon information in your credit file”.

"VersaDebt" Telemarketers Behind Rate-Lowering Robot Calls?

"VersaDebt" Telemarketers Behind Rate-Lowering Robot Calls?

By consumerist.com 10.10.07

The company behind “Possible Credit Card Scam Alert: We’ll Lower Your Rates, Purrs Robot Message…” is called VersaDebt, according to one reader who was able to string them along long enough to find out.

No More Home Equity? Bust Out The Credit Card, Consumer Borrowing Is Up

No More Home Equity? Bust Out The Credit Card, Consumer Borrowing Is Up

By 10.9.07

With home equity harder to find these days, one might suspect that there would be a drop in consumer borrowing. Nope.

You Have Until Friday To Tell The Fed That Their Proposed New Credit Card Rules Aren't Enough

You Have Until Friday To Tell The Fed That Their Proposed New Credit Card Rules Aren't Enough

By cwalters 10.9.07

The Federal Reserve Board has set this Friday, October 12th, as the deadline for hearing any comments regarding Regulation Z, its proposed set of modified guidelines for the credit card industry. According to experts who aren’t on the credit card companies’ payrolls, the new rules are a weak fix that does little to protect consumers.

Barbie Teaches Credit Cards 101: "You Never Run Out Of Money!"

Barbie Teaches Credit Cards 101: "You Never Run Out Of Money!"

By cwalters 10.8.07

Fashion Fever Shopping Boutique, the correctly named Barbie toy, features a built-in credit card swiper and a life-size credit card for young children to use when buying outfits for their dolls. According to the Amazon website, “Once the balance hits zero, it will reset so you can continue to shop.”

Possible Credit Card Scam Alert: We'll Lower Your Rates, Purrs Robot Message…

Possible Credit Card Scam Alert: We'll Lower Your Rates, Purrs Robot Message…

By consumerist.com 10.8.07

UPDATE: “VersaDebt” Company Behind Rate Lowering Robot Calls?

Another Good Reason To Hate The "Life Takes Visa" Campaign

Another Good Reason To Hate The "Life Takes Visa" Campaign

By consumerist.com 10.8.07

Credit Slips points out another reason we loathe the Life Takes Visa campaign. You know, the one where everyone moves in blissful synchronicity, swiping their debit cards for small items, then the party stops and everyone glowers at the tardbucket who pays for stuff with cash.

By consumerist.com 10.4.07

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10 credit cards that give you fat airline mile bonuses for signing up. Also, 9 more that do the same, but have an annual fee. [FiveCentNickle]

Confessions Of A Campus Credit Card Pimp

By consumerist.com 10.3.07

Here are two of the things a former Citibank credit card pusher told college students to get them to sign up:

“Even if you apply, you can always cut up the card,” and “It’s easy to pay off your balance once you graduate and get a great job.”

The ex-app jockey even fell pray to his own patter. One signup shy of a cash bonus, he filled out one for himself. Five years later, he’s $13,000 in credit card debt. We encourage college kids who spot these hucksters, make like Jesus and overturn their tables.

6 Signs You've Got Too Much Credit Card Debt

6 Signs You've Got Too Much Credit Card Debt

By consumerist.com 10.3.07

Swiping the plastic so much your credit cards have skid marks? Via Kiplinger, here’s six warning signs to watch out for that might indicate you’re abusing your credit cards.

GoDaddy Hushing Up Customer Credit Card Data Breach?

GoDaddy Hushing Up Customer Credit Card Data Breach?

By consumerist.com 10.2.07

Did domain name registrar GoDaddy have a credit card security breach that they’re not telling anyone about? That’s what Reader Newcxns thinks. Two weeks ago, one of his Citi cards was replaced. One week later, another. The only thing Citi would tell him is that “a merchant” reported a possible data breach. No merchant has sent any data breach reports to Newcxns. In typical fashion, banks and vendors like to hide it when their security systems fail and compromise your account information.

The University Of Iowa Removes Athletes From Credit Card Promotions

The University Of Iowa Removes Athletes From Credit Card Promotions

By 9.29.07

This University of Iowa credit card scandal is getting more interesting every day. Today’s development: The University has “backed away” from allowing athletes to be used in the U of I alumni association credit card program.

5 Ways Credit Cards Can Make You Happy

5 Ways Credit Cards Can Make You Happy

By 9.28.07

The ways that credit cards can make you unhappy are legion. Fees, balances, crazy interest rates, universal default, the list goes on. But, even though we just saw Bank of America digging a pit in your backyard, and word has it the zoo is missing 3 tigers and a crocodile, there are a few ways that a credit card can make you happy. (Not all of these tips are unique to credit cards, so check to see which benefits your debit card has.)

Arbitration Firm Rules Against Consumers 95% Of The Time

Arbitration Firm Rules Against Consumers 95% Of The Time

By Ben Popken 9.28.07

A popular arbitration firm, the National Arbitration Forum, only finds in favor of consumers 5% of the time, a new study released today by advocacy group Public Citizen reports. [More]

How To Disappear From The Transaction Grid

How To Disappear From The Transaction Grid

By consumerist.com 9.26.07

The complete essay, “Vanishing Point: How to disappear in America without a trace,” contains some of the most amusing paranoid delusional crap we’ve ever had the pleasure of reading, some of it criminal in nature, but it speaks to the lengths one might have to go to “live off the grid” as it were, in modern America.

"Green" Credit Cards Are Silly

"Green" Credit Cards Are Silly

By 9.25.07

Bankrate has an article about co-called “green” credit cards that donate a portion of your purchase to environmentally friendly causes. Why are we saying they’re silly?

Fake Credit Card App Booths: An Extremely Unlikely Identity Theft Scenario

By consumerist.com 9.25.07

Jumping on the identity theft scare bandwagon, The Today Show demonstrated how thieves could successfully steal your personal information by making a fake credit card application booth.

With "Free Pita" Promise, Citi Lures Students Off-Campus To Skirt On-Campus Solicitation Ban

With "Free Pita" Promise, Citi Lures Students Off-Campus To Skirt On-Campus Solicitation Ban

By consumerist.com 9.24.07

How does Citi get around Syracuse University’s ban against turning college kids into debt sharecroppers? Simple. Pass out flyers saying, “free pitas,” given away at a location just outside the campus boundaries…

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