Thursday, December 15, 2011

This week's top story: 'Continuity billing' scams proliferate

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More credit card news | Credit card help | Credit card videos | Credit card statistics December 15, 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

'Continuity billing' scams on the rise
It's an increasingly common credit card scam and it's on the rise: You agree to one small purchase and then get bilked over and over. More... 
Should stay-at-home spouses qualify for credit?
A rare, bipartisan congressional group has challenged the fairness of an "independent income" test for those who apply for credit cards. More... 
Virtual card numbers: 6 things to know
Also called "temporary" or "disposable," these one-time-use card numbers can help keep your "real" card safe. More... 
6 reasons why card rewards go unredeemed
One-third of $48 billion earned in rewards goes unused every year for various reasons. What's keeping you from cashing in? More... 
Expert credit card advice

Steps to recover from financial infidelity
'To Her Credit' expert Sally Herigstad
Giving one spouse full financial control can open the door to fraud -- and you won't know about it until the damage is done. More...
 
Balance transfers don't always help
'Opening Credits' expert Erica Sandberg
Trying to transfer a spouse's high-interest debt to your balance transfer card? Not all issuers will allow that to happen.
More...
 
Positive old accounts won't hurt credit score
'Credit Care' expert Kim McGrigg
Don't worry about removing old accounts from your credit report, as long as they were in good standing when closed.
More...
 
5 easy ways to get more rewards points
'Cashing In' expert Cathleen McCarthy
Issuers offer countless ways for miles-hungry folks. We've listed the easiest methods for getting the miles or points. More...
 
More credit card news

Fed's rate-hike holiday continues
The Federal Reserve's three-year holiday from changing interest rates continues, meaning no sudden card rate hikes for consumers. More... 
Foiled AmEx gift card scam lands man in jail
One fraudster in Florida is behind bars for an elaborate scam involving AmEx gift cards and big tips at bars. More... 
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Credit card rate report
(as of 12-15-2011)
National Average   15.22%
Business   13.13%
Low Interest   11.17%
Balance Transfer   13.08%
Cash Back   14.86%
Reward   14.86%
Bad Credit   24.96%
Airline   14.54%
Student   13.77%
Instant Approval   15.49%

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