Issuer News | Credit Card Topics

CardRates.com Weekly Credit Card Update — May 7, 2021

By: Bill Hardekopf, 5/7/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. How Credit Cards Affect Our Brains—and Our Spending Research on credit card spending has tended toward the explanation that delaying payment removes a barrier to purchases in shoppers’ minds. A recent study found evidence of another kind of trigger. Differences found in brain activity between shoppers planning to use a... read more »

CardRates.com Weekly Credit Card Update — April 30, 2021

By: Bill Hardekopf, 4/30/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Retailers Sue Federal Reserve Over Handling of Debit Card Fees Two lobbying associations representing merchants in North Dakota sued the Federal Reserve to win a reduction in the fees they pay to banks each time a consumer swipes a debit card. The North Dakota Retail Association and the North Dakota Petroleum Marketers Association... read more »

Can My Card Issuer Change the Terms of My Account?

By: John Ulzheimer, 4/27/2021

In the United States, some 220 million consumers have a credit report with one or more of the credit reporting agencies. Of those 220 million, around 170 million consumers have one or more credit card accounts, according to the Consumer Financial Protection Bureau. These common financial tools can make your life easier in many ways: portable capacity, iron-clad fraud protection, rewards programs, credit building capabilities, the list of benefits just seems to go on and on. When... read more »

CardRates.com Weekly Credit Card Update — April 23, 2021

By: Bill Hardekopf, 4/23/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Facial Recognition Could Soon Let You Pay for All Your Mobile Purchases Using facial recognition for payment authentication is set to transform the world of e-commerce by 2025. A report from Juniper Research claims the use of such software is set to rise 120% from just 671 million in 2020, with software-based facial recognition... read more »

CardRates.com Weekly Credit Card Update — April 16, 2021

By: Bill Hardekopf, 4/16/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Mastercard Rewrites Rules for Banks Backing Pornography Sellers Mastercard is updating the requirements it sets for banks that process payments for sellers of adult content. The banks will now have to ensure that sellers require “clear, unambiguous and documented consent” in adult content. The firms will also be required to... read more »

CardRates.com Weekly Credit Card Update — April 9, 2021

By: Bill Hardekopf, 4/9/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Instacart and DoorDash Plan to Launch Their Own Credit Cards Two of the biggest winners in the pandemic delivery boom are looking to launch their own credit cards. Grocery-delivery service Instacart has chosen JPMorgan Chase to issue a credit card that will reward frequent users. DoorDash, which specializes in delivering... read more »

CardRates.com Weekly Credit Card Update — April 2, 2021

By: Bill Hardekopf, 4/2/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Bill Payments Jump 30% as Americans Use $1,400 Stimulus Checks to Cover Household Expenses When stimulus payments hit bank accounts earlier this month, many Americans spent at least a portion of that money to pay their bills. There was a 30% month-over-month increase in the number of payments made to pay household bills from March... read more »

CardRates.com Weekly Credit Card Update — March 26, 2021

By: Bill Hardekopf, 3/26/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Visa Faces Antitrust Investigation Over Debit Card Practices The Justice Department is investigating whether Visa is engaging in anticompetitive practices in the debit card market, a probe that casts a cloud over a core part of its business. The department’s antitrust division has been gathering information and asking whether... read more »

90 Fast Facts About The 10 Biggest Card Issuers

By: Marcie Geffner, 3/22/2021

How much do you know about your credit card companies? Maybe not much beyond the type of card you have and the benefits you get with it. Well, guess what? There's a lot more. These global financial giants have wide-reaching business interests, partnerships with other corporations, special offers for their customers, numerous types of cards on offer -- and one even has its own museum. And, by the way, if you're job-hunting, most of these companies are hiring and have careers... read more »

CardRates.com Weekly Credit Card Update — March 19, 2021

By: Bill Hardekopf, 3/19/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Visa, Mastercard Delay Credit Card Swipe Fee Increases Visa and Mastercard are postponing planned credit card fee increases that were set to kick in this year after the plans drew criticism from lawmakers. Citing the continuing effects of the coronavirus pandemic on businesses, Visa and Mastercard said they will hold off on... read more »

CardRates.com Weekly Credit Card Update — March 12, 2021

By: Bill Hardekopf, 3/12/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Credit Card Borrowing Falls to Lowest Level in 4 Years Borrowing by Americans fell in January for the first time in five months, as the use of credit cards fell to the lowest level in four years, offsetting gains in auto loans and student loans. The Federal Reserve reported consumer borrowing fell by $1.3 billion in January, the... read more »

CardRates.com Weekly Credit Card Update — March 5, 2021

By: Bill Hardekopf, 3/5/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Samsung and Mastercard Are Teaming Up on a Biometric Credit Card Samsung and Mastercard are officially teaming up on a credit card with a built-in fingerprint scanner, Samsung announced on Thursday. These so-called “biometric cards” will come baked in with “several key discrete chips” from Samsung’s side, and are... read more »

CardRates.com Weekly Credit Card Update — February 26, 2021

By: Bill Hardekopf, 2/26/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Covid-19 Shopping Makes Card Fees a Bigger Burden for Merchants Visa and Mastercard are planning to raise swipe fees for some types of credit card purchases in April, adding to the squeeze felt by restaurants, retailers, and other merchants already struggling through the Covid-19 pandemic. What’s more, customers’ switch to... read more »

CardRates.com Weekly Credit Card Update — February 19, 2021

By: Bill Hardekopf, 2/19/2021

Editor’s note: For more than 10 years, credit card expert Bill Hardekopf has published his Weekly Credit Card Update on LowCards.com. Recently, LowCards became part of CardRates.com, where Bill joins a team of leading experts as the site’s Senior Industry Analyst. Check back every Friday for Bill’s weekly industry update — now exclusively at CardRates.com. For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205)... read more »

CardRates.com Weekly Credit Card Update — February 12, 2021

By: Bill Hardekopf, 2/12/2021

CardRates.com Weekly Credit Card Update — February 5, 2021

By: Bill Hardekopf, 2/5/2021

Editor's note: For more than 10 years, credit card expert Bill Hardekopf has published his Weekly Credit Card Update on LowCards.com. Recently, LowCards became part of CardRates.com, where Bill joins a team of leading experts as the site's Senior Industry Analyst. Check back every Friday for Bill's weekly industry update -- now exclusively at CardRates.com. For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205)... read more »

Credit Card Issuer Market Share: Top 25 Issuers of 2021

By: Marcie Geffner, 9/1/2020

Credit cards are a ginormous business. In the U.S. alone, consumers and businesses used credit cards to purchase almost $4 trillion in goods and services in 2019. That $4 trillion was generated by more than 44 billion card transactions. Customers owed credit card companies more than $1 trillion by the end of 2019. 2019 was a good year for the credit card industry and credit card companies. Spending on goods and services, or purchase volume, rose 7.8%; the number of purchase... read more »

What Credit Card Issuers Are Doing to Help Customers in Response to Coronavirus

By: Erica Sandberg, 7/13/2020

If you are a credit card holder whose finances have been negatively affected by the COVID-19 pandemic, you may be experiencing a lot of pressure. Thankfully, almost all credit card issuers have put policies in place designed to help personal and small business cardholders. Federal law also protects you, especially when it comes to consumer credit reporting and credit scoring damage. If you have entered into an arrangement with your issuer that allows you to put payments on hold, the... read more »

12 Credit Cards with the Best Customer Service

By: Anna Baluch, 1/21/2020

Many people choose a credit card for its great rewards program or signup bonus. But what they often forget to consider is its customer service. By opting for credit cards with the best customer service, you can get your issues or questions addressed right away. You can also ensure you’re making the most out of their rewards program and taking full advantage of their benefits. Credit cards that make good customer service a priority will take good care of you so you remain a... read more »

Which Credit Bureau Does Discover Use?

By: Eric Bank, 12/19/2019

Are you considering applying for a Discover credit card? Then you’ll want to know which credit bureau Discover uses because that’s where you should first review your credit report. It’s always a good idea to inspect your credit reports for errors because if you successfully dispute a derogatory item, your credit score should immediately improve. Naturally, a higher score makes it easier to obtain your credit card of choice. Bureau | Cards | FAQs Discover Uses Equifax the... read more »

What Credit Bureau Does Chase Use?

By: Eric Bank, 11/21/2019

For most consumers, the question, "What credit bureau does Chase use?" isn’t top of mind. After all, why should you care about which credit bureau a particular bank or credit card uses? Oftentimes, it doesn’t matter at all. But if you apply for multiple cards at the same time, this information can make the difference between being approved or denied. Fans of Chase credit cards may want to obtain more than one card, or have a negative mark on one report that may hinder their... read more »

Credit Card Issuers: Phone Numbers & Contact List

By: Erica Sandberg, 1/29/2019

Want to reach out and say “Hi” to your credit card issuer? Or more realistically, discuss a problem, review your statement activity, or pay a bill? Here is the personal and business line of credit contact information for prime issuers, subprime issuers, and credit unions across the country. Do not hesitate to contact them whenever you feel the need. Early intervention is always best when experiencing an issue with your account. Prime Credit Card Issuers Amex | Bank of America... read more »

RBC and ACCES Prepare Immigrants for Employment and Financial Success in Canada

By: Ashley Dull, 8/16/2018

In a Nutshell: Canada is currently a top destination for employment for a globally mobile workforce. But newcomers may discover finding a job to be a bigger challenge than they may have assumed based on the employment gaps. Longtime partners Royal Bank of Canada and ACCES Employment have announced a new webinar series to help new immigrants to the country prepare for the job hunt — and for life in Canada. The interactive events will educate newcomers before and after their arrival,... read more »

Top Unlimited Cash Back Option for Military Members — USAA’s Preferred Cash Rewards Visa Signature® Card Offers Competitive Rewards & Low Fees

By: Ray FitzGerald, 8/15/2018

In a Nutshell: Active and former military members understand the meaning of the word sacrifice, having put their own safety on the line for their country. USAA understands this sacrifice and honors the service of these heroes by providing banking products that offer value, security, and peace of mind. The institution’s savings and loan products offer competitive rates and perks for deployed military members, and an array of Visa and American Express credit card options provide... read more »

Consumers Don’t Need a Bank Account to Harness the Spending & Credit-Building Power of the Green Dot® Platinum Visa®

By: Ray FitzGerald, 8/9/2018

In a Nutshell: Everyday transactions — like online shopping and booking travel — are nearly impossible without some sort of credit card in your wallet. But many consumers don’t qualify for a credit card, either because of a new or damaged credit profile or the lack of a bank account. Green Dot has created a solution for those people with its Platinum Visa card. The card works with any merchant that accepts Visa and applicants don't need a bank account or positive credit history... read more »

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