Wednesday, August 24, 2011

This week's top story: Banks to start charging $3 debit card fee

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More credit card news | Credit card help | Credit card videos | Credit card statistics August 24, 2011
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CreditCards.com's weekly newsletter features the latest consumer information and updates from the leading source of credit card news.
 
Top credit card stories

Chase, Wells Fargo to test $3 debit card activity fee
In one of the first tangible fallouts from new federal restrictions on debit card "swipe fees," Wells Fargo and other card issuers are launching test programs to charge some debit card users $3 a month for using their cards. More... 
Survey: Consumers happier with their credit cards
The J.D. Power and Associates credit card satisfaction survey found that customer contentment has increased for the second consecutive year. More... 
New law allows $10 minimum purchases
A little-noticed passage in the Wall Street reform law blesses those "$10 minimum" signs we all see at convenience stores. More... 
How new credit impacts your FICO score
Taking on too much new credit can hurt your FICO score, but adding new credit to an old, troubled account may actually help it. More... 
Expert credit card advice

How high is too high for a rewards card annual fee?
'Cashing In' expert Cathleen McCarthy
When determining whether an annual fee is too high, the most important thing is to know your travel habits. More...
 
Eliminate card debt without hurting your credit
'Credit Care' expert Kim McGrigg
Closing an account after you pay it off can ding your credit, but it can be a good thing if you're tempted to charge again.
More...
 
Weigh all costs before doing a balance transfer
'Opening Credit' expert Erica Sandberg
When transferring your balance to a lower rate card, you need to do the math and have a plan before you card-hop.
More...
 
How likely is it you'll be sued for unpaid debt?
'To Her Credit' expert Sally Herigstad
Your chances of being sued are determined less by how much you owe than by whether creditors think they can collect. More...
 
More credit card news

Is today's easier credit just temporary?
The U.S. economy's problems could make it harder for you to get a credit card, according to one chief economist. More... 
Back-to-school spending expectations differ
Two new surveys reveal that back-to-school spending increases as kids age and now includes tattoos and personal grooming. More... 
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Credit card rate report
(as of 8-24-2011)
National Average   14.90%
Business   12.91%
Low Interest   10.73%
Balance Transfer   12.73%
Cash Back   14.16%
Reward   14.52%
Bad Credit   24.96%
Airline   14.31%
Student   13.77%
Instant Approval   15.99%

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