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JPMorgan Chase & Co. is stopping providing two credit-card services to their consumers. These services are credit-monitoring service and payment-protection plan. The services were created to help consumers monitor their credit reports and make payments in case of financial hardship. The reason Chase dropping these two services is that they want to simplify the set […]
If not, it’s high time you did it! According to a recent research, about a third of all credit and debit card holders report so-called “grey charges”; and probably more don’t even notice them. Grey charges are deceptive and unwanted credit or debit card charges – small enough not to notice but they may turn […]
Every time you check your monthly credit cards statement you see some numbers under “Interest” in it, which you know you will have to pay off in the end. Understanding how interest is calculated will help you use your card more effectively. Also, to be an educated consumer is always better than to be unaware […]
All these zero percent introductory rates, rewards programs and sign-up bonuses sound great. But most close with bitter and cold words: “terms and conditions apply”.
You may have the impression that you will have to pay 4% more for everything starting today. But the charge does not apply to debit cards or prepaid cards. And you will pay this fee when you use your credit card at retailers who decide to impose the surcharge.
Millions of consumers are signed up for credit monitoring services and pay for it about $60 to $180 per year. But is it really worth its money, moreover is it worth signing up at all? Providers of such services claim they protect people from identity theft by watching for changes detected. However, in reality that […]
American Express now plans to increase its focus on cards that carry annual fees. The announcement was made in an investor webcast, according to reports from the Wall Street Journal MarketWatch. The company is planning to introduce new fees in order to bring in more revenue. Most conventional AmEx charge cards usually do charge an […]
Banks have come up with a surprising move; they are cutting fees on credit card usage. There has been a lot of discussion about greed and shifting cash from the big banks recently, particularly with disliked fees on debit card and the increasing savings account fees. Wall Street Journal reports that the big fee on […]
Earlier this month, new credit card regulations went into effect that requires credit card companies to be more straightforward with new card offers. The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act prohibits credit card companies from increasing the interest rate on an existing balance unless the cardholder has missed two consecutive payments and made […]
America’s big retail banks such as Wells Fargo, Chase and Bank of America may have abandoned plans to impose monthly debit card fees upon consumers, but they are busy issuing other types of fees to recoup revenue losses. Although many big banks yielded to the outpouring of customer outrage that came in response to their […]