The Truth About Credit Cards.com

As gas prices continue to rise, seemingly to no end, gas stations are beginning to favor cash over credit, offering incentives to customers who ditch the plastic.
The reason behind this phenomenon is that gas stations, like any other merchant, must pay an interchange fee every time someone fills up, and as gas prices rise, these [...]

As part of a long-standing settlement, credit bureau TransUnion plans to offer millions of consumers free credit monitoring services.
It’s the company’s way of saying sorry for all the marketing lists it sold with consumer data over the years, though it says it discontinued the controversial practice in 2001.
To be eligible for “up to nine months [...]

A new survey released by The Center for Economic and Entrepreneurial Literacy (CEEL) found that most Americans are in the dark when it comes to personal finance.
The study found that a whopping 97 percent of respondents could not identify the percentage of fees tied to a $20 ATM withdrawal, likely because they view it in [...]

This is a bit off topic considering I typically write about credit related news, but it still falls under the money saving scope of the site, so I thought I’d include it.
I was sent an e-mail regarding the recent rise in gas prices that included some practical ways to get the most bang for your [...]

Ever wonder how many people are getting declined when applying for a credit card?
Well, a new report issued by UK-based MoneyExpert.com found that roughly 18,000 applications are rejected by credit card issuers on a daily basis.
That’s 3.24 million rejections over a period of 180 days if you’re counting.
Their research figures revealed that about one out [...]

The Federal Reserve is reportedly putting together its own rules to tackle unfair and misleading credit card practices, according to the Washington Post.
Per the article, things like arbitrary interest-rate increases and two-cycle billing are on the agenda.
Discover is currently the number one purveyor of the two-cycle billing method, which can lead to significantly higher finance [...]

According to a Government Accountability Office report released yesterday, government officials in a slew of different agencies from the Post Office to the Department of Energy used company credit cards to purchase anything from Ipods to online dating services.
The GAO blamed the excessive and extravagant purchases on so-called internal control breakdowns in certain government agencies’ [...]

As the credit crunch carries on, banks and lenders are increasingly looking for ways to boost capital to offset rising losses.
And one such popular way is by increasing fees, most banks bread and butter these days.
So beginning last week, Wells Fargo imposed a higher transaction fee on ATM withdrawals at non-Wells Fargo ATMs, raising the [...]

British credit card issuer Provident Financial has launched a credit card that carries one of the highest annual percentage rates you’ve likely ever seen or heard of.
According to the Times Online, the Bradford, England based bank is offering consumers with poor credit a credit card that carries an APR of 183% if they borrow money [...]

Much to the delight of consumers nationwide, credit card junk mail is continuing its decline that started back in October, according to data released by Mintel Comperemedia today.
The global analysis company noted that credit card-related mailers sent to consumers fell 3% from December to January and 19% since October, down from a whopping 900 million [...]