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Articles for Student Credit Cards

  • Credit card lenders decrease lobbying efforts

    The wholesale regulatory changes that are likely to fundamentally alter the credit card landscape in the near future have led three of the four largest card issuers in the country to scale back lobbying efforts.

  • Students still targeted for credit card accounts

    Despite increased protections for young adults from predatory lending practices, many financial institutions are still finding a way to send college students offers for new credit card accounts.

  • Credit card lenders expected to boost incentives in 2011

    Many consumers may have noticed an increase in the number of preapproved credit card promotions in their mailboxes lately, and that's no coincidence. Lenders have increased the number of offers they send out, and with them, boosted rewards programs.

  • Retailers upset with new Fed credit card rule

    A number of major corporations are lobbying the Federal Reserve Board over a proposed rule that would require lenders to consider a borrower's independent income, rather than that of their household, before granting a line of credit.

  • More credit card incentives expected for 2011

    As the economy continues to improve, many lenders are trying to draw wary consumers back into the borrowing world, and will likely increase these accounts' initial incentives to do so.

  • New Jersey sees large jump in credit card suits

    Many consumers have had difficulty paying their monthly credit card bills recently, and in New Jersey in particular, many companies are now taking them to court over their delinquent and defaulted balances.

  • Microchip card for overseas purchases introduced

    Many consumers who travel to Europe might have experienced some difficulties when attempting to make a purchase on their credit card because most major nations use a different standard card technology. However, one company will soon be able to offer travelers a solution.

  • Credit card charge offs fell in October

    The nation's major credit card lenders saw yet another drop in the number of accounts they had to write off as being irretrievable in October, continuing a recent trend of better fiscal responsibility from consumers.

  • Many optimistic about paying down credit card debt in 2011

    Largely as a result of the continuing economic recovery, many consumers are more optimistic about their economic futures, and say that their renewed ability to handle their money problems will allow them to reduce their credit card debt in the next year.

  • Fewer consumers used credit cards on Black Friday

    Many polls have found that most consumers will avoid using their credit cards to complete their holiday shopping this year, and the statistics from Black Friday's purchases provide evidence of this trend.

  • Credit card issuers worry over uncertain economy

    In the past few months following the end of the national recession, many consumers have changed their attitudes toward credit cards, and are leaning on them far less. As a result, many lenders are unsure of the economy's future.

  • Chase rolls out holiday rewards program

    Many companies offer holiday deals designed to entice consumers into using their products, and the largest credit card lender in the U.S. recently announced its annual promotions as well.

  • Credit card lenders paid colleges $83.5 million

    Many colleges and universities, as well as their alumni associations and related organizations, are now entering into agreements with credit card lenders, which paid the groups a combined $83.5 million last year.

  • Credit card debt keeps seniors from retiring

    As the national recession caused more people to lose their jobs, many senior citizens began relying on their credit cards to make ends meet. As a result, they saw their debt skyrocket and were forced to defer their retirement plans to pay for it.

  • Republicans may repeal credit card protections, Obama warns

    While Congress has passed a number of reforms, including those for the credit card industry, in the last two years, President Barack Obama is now warning consumers that those laws may be repealed if Republicans regain control of Congress.

  • Use credit score to decide what cards is best

    Many lenders are once again starting to increase the amount of marketing materials they send to consumers in the hopes of persuading them to get a credit card. As a result, Americans should figure out which accounts would work best for them.

  • American Express vows to fight government suit

    Even as Visa and MasterCard bowed to pressure from the federal government and settled antitrust lawsuits, American Express said it would go to court for years to fight the case if necessary.

  • Credit cards still a problem for college students

    Even after provisions of the Credit Card Accountability, Responsibility and Disclosure Act put tighter restrictions on the way credit card companies could market to people under the age of 21, many college students are still struggling with debt.

  • Surf Smart, Surf Clean

    Even the simplest of web activities can give your computer a virus, malware, or a Trojan horse. So it's important to take preventive steps in your Internet routine to keep your computer system running fast and clean.

  • Gaming company Valve adds new payment feature

    When users of Valve's popular Steam game downloading service wanted to get the latest sequel to Call of Duty or Half-Life, they had to get their credit card ready. But thanks to a new payment service, they have more options.

  • More consumers taken to court over credit card debt

    While more consumers have been paying off their credit card debt with greater consistency in the last few months, lenders have also been stepping up the number of lawsuits they bring against those who don't.

  • Fed rewards card study gets revision

    A few months ago, the Federal Reserve Bank of Boston released the findings of its study of credit cards rewards programs, analyzing how they affect consumers with different economic backgrounds. But the bank recently revised its figures after finding some inconsistencies.

  • Student IDs can save serious cash

    Student loan debt is crippling graduates across the country which means it's not more important than ever to watch your tuition costs and college spending. Farnoosh Torabi shares 8 easy ways to save a little extra cash with your student ID.

  • Thanks to you, Facebook, our awareness around privacy has grown considerably.

    Facebook has taken a lot of heat over the last year for it's privacy practices but even with the privacy issues, they've done one thing right. Thanks to Facebook, our awareness around privacy has grown considerably and the side effect is giving many of us pause to exactly how willing we are to reveal information about ourselves through social sites.

  • How one man lost his job and found his vocation

    As we wade through the dregs of a recession, there seems to be no end to the number of horror stories of the down and out. But there are a few stories that give a glimmer of hope to those of us looking for a silver lining. This is a story about one man's journey from unemployment to business owner by doing something he loved.

  • New York opens investigation into college credit card offers

    Some provisions of the Credit Card Accountability, Responsibility and Disclosure Act were designed specifically to protect consumers under the age of 21 from lenders' predatory practices. Now a new investigation will look into whether issuers are following those provisions.

  • Secured and prepaid cards good option after bankruptcy

    As a result of the subprime mortgage crisis and subsequent recession, an unprecedented number of Americans have sought financial protection by filing bankruptcy. Studies show that most bankruptcies are the result of medical emergencies, divorce proceedings and other life events that individuals have very little over. Regardless of the reason, obtaining credit after bankruptcy can be difficult.

  • Average credit card balances drop to eight-year low

    The latest figures to be released by one of the three major national credit bureaus reveals that the average amount of debt consumers carry on their credit cards has declined to the lowest level observed in over eight years.

  • Credit card rates rise to highest level in nine years

    Although the new provisions imposed by the Credit Card Accountability, Responsibility and Disclosure Act on August 22 may protect credit card carriers from abusive lending practices, issuers are finding other ways to profit. New data reveals that lenders have responded to the new limitations set forth by the CARD Act by raising credit card rates to the highest level seen in nearly nine years, according to Dow Jones Newswires.

  • More Americans focus on frequent-flier rewards

    Shopping around for a credit card can be a tedious process when faced with a variety of rewards, fees, introductory and annual percentage rates. But trends reveal that most Americans focus on rewards, namely frequent-flier miles, when making their decision.

  • Swipe fee regulations could cost banks billions

    The amount credit card issuers can charge businesses for processing debit card transactions is going to drop at some point in the near future, and the change will cost lenders billions of dollars per year.

  • Delinquency drops expected to continue

    Consumers had a better time paying their credit card bills in the second quarter of the year, and experts say that this trend is likely to continue into the future.

  • Consumers are more satisfied with their credit cards

    The provisions of the Credit Card Accountability, Responsibility and Disclosure Act might be working as intended, because consumers said they were more satisfied with their credit cards for the first time in a number of years.

  • Companies offering new cards for consumers with bad credit

    Because the recession has taken such a toll on credit cardholders - and as a result, their lenders as well - it has become increasingly difficult for consumers with bad ratings to obtain a line of credit. But with this in mind, more lenders are beginning to tailor cards specifically for consumers with this trouble.

  • Certain 'starter' cards may help young adults boost credit

    The new provisions set forth by the Credit Card Accountability, Responsibility and Disclosure Act are aimed at protecting young adults from predatory lending practices by requiring those under the age of 21 to either prove they have sufficient income to maintain an account or provide the consent of a co-signer. But the laws may also make it more difficult for them to build their credit score without the presence of a co-signer.