Wednesday, July 6, 2011

This week's top story: Fed bumps up cap on debit swipe fees

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More credit card news | Credit card help | Credit card videos | Credit card statistics July 6, 2011
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Top credit card stories

Fed boosts debit 'swipe fee' cap to 21 cents
Debit card swipe fees paid by merchants and retailers to large banks will be capped at 21 cents, according to rules finalized last Wednesday by the Federal Reserve Board. More... 
To boost FICO score, know what you owe
If you want a good credit score, pay attention to the amount of debt owed -- and, surprise, some debts are more important than others. More... 
Pet debt: how animals cost you
The cost of feeding and maintaining beloved furry, feathered or other animal friends can land pet owners in the financial doghouse. More... 
7 tips for managing your online spending
From Amazon to Groupon offers, it is easier than ever before to inadvertently rack up big balances on your credit cards. More... 
Expert credit card advice

Will renting a car dent your credit score?
'Credit Score Report' expert Jeremy M. Simon
Renting with a debit card may temporarily lower your credit score, but using the same rental agency will minimize the damage. More...
 
Pay 1 card, ignore the rest? Bad idea
'To Her Credit' expert Sally Herigstad
What if a reader pays off one card bill first and not the others? Our expert says she'll only make matters much worse.
More...
 
Your post-bankruptcy credit options
'Credit Care' expert Kim McGrigg
After bankruptcy, your credit choices narrow. One option: becoming an authorized user on your spouse's account.
More...
 
Mom can't pay school loans. Who suffers?
'Opening Credits' expert Erica Sandberg
A mom wants to know if if her son's credit will be in jeopardy if she cannot make the payments on a Parent PLUS college loan. More...
 
More credit card news

Credit card interest rates see rare drop
Credit card interest rates fell last week, according to the CreditCards.com Weekly Credit Card Rate Report -- just the second drop since March. More... 
Emily's list: Christine Lagarde edition
Blogger Emily Gerson reflects on the news of a woman leading one of the world's most powerful financial groups. More... 
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(as of 7-6-2011)
National Average   14.91%
Business   13.07%
Low Interest   10.73%
Balance Transfer   12.78%
Cash Back   14.16%
Reward   14.51%
Bad Credit   24.96%
Airline   14.31%
Student   13.77%
Instant Approval   15.99%

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