What Is the Right Age for Junior’s First Credit Card?

The average age at which young adults today are getting credit cards in their own name is 22, according to Matt Schulz, senior industry analyst at Creditcards.com. (Schulz cited an independent study conducted by Princeton Survey Research Associates …
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We Need to Talk About Credit Card Debt

Nick Clements is a personal finance expert and the co-founder of MagnifyMoney.com, a website that makes it easy for people to compare financial products, ditch expensive banking relationships and save money. By answering just a few questions, you can …
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4 Ways Credit Cards Will Change By 2020

It’s hard to believe how some things have changed during our lifetime. Not long ago, we used to hurry home to watch our favorite shows on low-definition televisions, but now we stream high-def programing on demand through the Internet onto any device …
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Bankers Predict Higher Credit Card Balances in 2015

The quarterly survey results from banking experts predict higher levels of credit card debt in 2015, which could cause consumers to have more delinquent payments. The study was a joint effort by the Professional Risk Managers’ Association and FICO, the …
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3 credit card mistakes you should avoid

Credit is power. Borrowed power yes, but it is still power. Just think about this – every credit card you’re carrying now has a balance that’s 3X to 4X your monthly income! Well… unless you’re carrying this baby, which comes with no pre-set spending limit.
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Will your credit card rewards be scrapped following new EU rules on charges?

RBS has become the latest credit-card provider to axe lucrative perks for cardholders, sparking fears that reward and cashback credit cards could soon be history. RBS has announced that it is scrapping the Your Points scheme from 1 July this year.
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Credit card terminals have used same password since 1990s, claim researchers

While retailers battle breaches that have resulted in tens of millions of credit card numbers stolen, word comes from the RSA Conference in San Francisco that a major vendor of payment terminals has been shipping devices for over two decades with the same …
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Darknet danger: Organs, murder, credit card info all for sale on Internet’s underbelly

A new identity, a life-saving kidney, credit card numbers or even the murder of a troublesome business partner are all a few clicks away on the so-called “darknet,” the seedy underbelly of the Internet that search engines don’t plumb and most people …
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Against Credit Cards

There is some nuance to the argument for never using a credit card again, but this line, from a New York Times article last fall, is a fair, if reductive, distillation of it: “In certain contexts, people were willing to pay up to twice as much for the …
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10 Dumb Credit Card Mistakes You’re Making

Many consumers either love or hate credit cards. They can be extremely helpful if used responsibly, but they can also hurt you if you don’t use them right. Wondering how you can use your credit card better? Check out this list of mistakes to avoid and …
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