LowCards.com Weekly Credit Card Update–February 24, 2017
Costco’s Big Credit Card Bet Has Paid Off About eight months ago, Costco made a move that could have caused a massive disruption in its business. The company completed a long-in-the-works plan to drop...
View ArticleSupreme Court Rules Credit Card Fees are Covered Under Free Speech
The U.S. Supreme Court has thrown out a 2015 lower court’s ruling that upheld a New York law, which barred retailers from charging customers more when they paid with their credit cards. SCOTUS sent the...
View ArticleLowCards.com Weekly Credit Card Update–May 26, 2017
Retailers Cheer GOP Retreat on Ending Debit Card Fees Limit Restaurants, grocers and other businesses celebrated on Thursday as House Republicans backed off efforts to eliminate the cap on fees that...
View ArticleWells Fargo Merchant Services Sued Over Credit Card Fees
Two small businesses, Patti’s Pitas and Queen City Tours, have sued Wells Fargo Merchant Services. The class action suit alleges that Wells Fargo and its payment processor, First Data Corp, promised...
View ArticleLowCards.com Weekly Credit Card Update–September 8, 2017
Equifax Reveals Hack That Likely Exposed Data of 143 Million Customers Equifax Inc, a provider of consumer credit scores, said on Thursday that personal details of as many as 143 million U.S. consumers...
View ArticleLowCards.com Weekly Credit Card Update–October 20, 2017
American Express Fee Accusations Get U.S. High Court Hearing The U.S. Supreme Court accepted a case that could roil the credit-card business, agreeing Monday to consider reviving government allegations...
View ArticleLowCards.com Weekly Credit Card Update–November 10, 2017
Senators Push to Ditch Social Security Numbers in Light of Equifax Hack Eyeing more secure alternatives to Social Security numbers, lawmakers in the U.S. are looking abroad. The Senate Commerce...
View ArticleWho Should Pay Credit Card Fees: Retailers or Consumers?
A federal appeals court in California has ruled that businesses are allowed to charge customers extra fees when using credit cards. This ruling is similar to one from the U.S. Supreme Court in March of...
View ArticleLowCards.com Weekly Credit Card Update–January 12, 2018
Credit Card Debt Hits New Record Credit card debt is back at an all-time high. A big jump in credit card debt in November has raised the total of what is called revolving debt to $1.023 trillion,...
View ArticleLowCards.com Weekly Credit Card Update–January 26, 2018
It Just Got More Difficult For Bank Customers to Find a Free Checking Account Bad news for low-income consumers: There’s now one fewer place where you can store your cash for free. Bank of America has...
View ArticleSupreme Court to Determine the Transparency of Credit Card Fees
Today, the Supreme Court meets to determine if retailers have the right to inform customers about credit card processing fees. Currently, American Express has a contractual bond with merchants that...
View ArticleLowCards.com Weekly Credit Card Update–March 16, 2018
Amazon Wants to Dominate Office Supplies With Its Credit Card Amazon is planning to offer a credit card to U.S. small-business customers, furthering its push to supply companies with everything from...
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LowCards.com Weekly Credit Card Update–September 29, 2018
Don’t Cut Up Your Credit Cards Yet–or Sell MasterCard, Visa and AmEx The demise of the credit card is greatly exaggerated. Yes, companies like Square and PayPal, which owns Venmo, are red hot,...
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LowCards.com Weekly Credit Card Update–October 12, 2018
Wells Fargo Customers Are Fed Up. They Could Yank Billions of Dollars in Deposits An industry-high 30% of Wells Fargo’s customers are at risk of dumping the scandal-ridden bank. The report, based on an...
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Visa and Mastercard Agree to Cap Merchant Fees for European Tourists
Visa and Mastercard agreed to cap the fees charged on card payments made by tourists in the European Union in an effort to avoid fines and investigations. The European Commission says the current fee...
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LowCards.com Weekly Credit Card Update–December 7, 2018
Microsoft and Mastercard Partner to Build a Universally-Recognized Digital Identity Mastercard has partnered with Microsoft to help people better manage and use their digital identity. Current identity...
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LowCards.com Weekly Credit Card Update–December 21, 2018
Credit Cards Won’t Save Airlines From the Next Downturn There is a dirty secret behind the record profitability of U.S. airlines in recent years: Credit card fees. Credit cards bearing airline insignia...
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LowCards.com Weekly Credit Card Update–January 25, 2019
Nearly Three Quarters of the World Will Use Just Their Smartphones to Access the Internet by 2025 Almost three quarters (72.6%) of internet users will access the web solely via their smartphones by...
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LowCards.com Weekly Credit Card Update–February 22, 2019
Those Credit Card Bonuses May Be Taxable Have you gotten a bonus from your credit card company for successfully referring friends or family for new cards? You may owe taxes on that bonus. People who...
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LowCards.com Weekly Credit Card Update–March 8, 2019
Kroger Bans Visa Cards at 250 Additional Stores Kroger said it won’t accept Visa credit cards at a second subsidiary, as the nation’s largest grocery story chain escalates its squabble with the credit...
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