Substantial Increase in Credit Card Use During Last 12 Months
Credit card use has taken a significant jump in the past year, according to new research from First Data Corp. From May 2013 to May 2014, credit card usage increased 4.9%. During that same time, PIN...
View ArticleLowCards.com Weekly Credit Card Update–July 11, 2014
Report Says Debt Settlement Companies May Leave Customers Worse Off Using a settlement company to help you dig out from underneath burdensome debt may sound appealing, but it may leave you worse off...
View ArticleLowCards.com Weekly Credit Card Update–March 13, 2015
Why was your Credit Card Number Stolen? Retailers are Lazy If a shop wants to accept credit cards, it needs to abide by strict payment card industry (PCI) rules and pass a test. But a new Verizon...
View ArticleHow We Pay: Digital Payments Rise, But Cash is Still King
More Americans are making digital payments but traditional payment methods are still overwhelmingly preferred, according to a new survey from Blackhawk Network. The survey, entitled "How America Pays...
View ArticleGrowing Acceptance of Mobile Banking Apps in America
According to a new survey from TSYS, consumers across America have adapted well to mobile banking apps. Half of the 1,000 consumers surveyed said they have installed mobile applications from their...
View ArticleMany Consumers Are Losing Interest in Debit Cards
Certain groups of consumers in the United States are losing interest in using debit cards, according to a new study from Mercator Advisory Group. Debit card use among young adults and high-income...
View ArticleLowCards.com Weekly Credit Card Update–March 24, 2016
You Don’t Need a Credit Card to Earn Rewards Debit card reward programs are still going strong at many of the nation’s largest financial institutions, according to a new report from the Mercator...
View ArticleLowCards.com Weekly Credit Card Update–September 9, 2016
People Really Don’t Like Those Chip Credit Cards When it comes to mixing convenience and security at the cash register, we still have a long way to go. Credit cards with security chips have more or...
View ArticleLowCards.com Weekly Credit Card Update–November 4, 2016
Subprime Credit Card Surge Pushing Up Missed Payments Credit card lending to subprime borrowers is starting to backfire. Missed payments on credit cards that lenders issued recently are higher than on...
View ArticleLowCards.com Weekly Credit Card Update–December 30, 2016
The Best Strategy for Paying Off Credit Card Debt Many Americans struggle to pay down their credit card debts, a challenge exacerbated by the holidays when credit-card spending balloons. The Federal...
View ArticleDo Debit Cards Encourage People to Save Money?
Bank account holders who use debit cards are more likely to save money than those who do not use debit cards, according to a new study from the National Bureau of Economic Research. Having a debit card...
View ArticleDebit Card Fraud Dropped 28% in 2016
Debit card fraud losses dropped 28% in 2016 after the industry’s October 2015 transition to smartchips, according to PULSE’s just-released 2017 Debit Issuer Study. PULSE, one of the largest debit card...
View ArticleLowCards.com Weekly Credit Card Update–October 20, 2017
American Express Fee Accusations Get U.S. High Court Hearing The U.S. Supreme Court accepted a case that could roil the credit-card business, agreeing Monday to consider reviving government allegations...
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LowCards.com Weekly Credit Card Update–July 6, 2018
More Americans are Giving Up on Debit Cards Debit card use is declining in the U.S., according to new report. Since 2013, the percentage of households that use debit cards has dropped from 74 percent...
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LowCards.com Weekly Credit Card Update–August 24, 2018
How Americans Use Their Credit Cards Differently Across the US Residents in the Northeast and Upper Midwest generally own more credit cards and have higher credit scores. The region stretching from...
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LowCards.com Weekly Credit Card Update–December 14, 2018
How Wealthy People Use Credit Cards Differently Than Most Americans Debit cards were the most popular payment method in the United States in 2017, as a study by TSYS found 44% of consumers preferred...
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LowCards.com Weekly Credit Card Update–February 15, 2019
Debit Card Use on the Decline The number of consumers who use debit cards for purchases has declined steadily since 2011, the year following enactment of the Durbin Amendment, and now stands at 54%,...
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LowCards.com Weekly Credit Card Update–March 8, 2019
Kroger Bans Visa Cards at 250 Additional Stores Kroger said it won’t accept Visa credit cards at a second subsidiary, as the nation’s largest grocery story chain escalates its squabble with the credit...
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LowCards.com Weekly Credit Card Update–July 19, 2019
The Mobile Experience Now More Important Than In-Person Banking People are increasingly receptive to obtaining financial services from digital-only providers, including the big-tech firms. Fewer than...
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LowCards.com Weekly Credit Card Update–October 9, 2020
U.S. Consumer Borrowing Falls on Smaller Credit Card Balances U.S. consumer borrowing unexpectedly fell in August as credit-card balances declined for a sixth consecutive month with the coronavirus...
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