Credit Card News

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Mastercard Now Offers Installment Plans for Cardholders
Wouldn’t it be nice if you could separate your big purchases from everyday credit card purchases? That way, you could pay off the balance for your small transaction and treat the bigger purchase like a loan. Thanks to a new partnership with TSYS, Mastercard users can now create an installment plan for purchases before, during, or after checkout.
Do Prepaid Cards Work on OnlyFans?
#LowCards does not just provide information on #CreditCards, we also feature #prepaidcards, credit building options, and more! This week we looked into using a credit card or prepaid card for #OnlyFans. Read the full article here:
Lower Income Households Are More Likely to Struggle Paying Bills
Finicity found that families with incomes of $50,000 or below were much more likely to struggle with bill payments during the coronavirus pandemic. Nearly three-quarters (73%) of respondents making $50,000 or below said they had a hard time keeping up with their bills. Comparably, that number dropped to 57% for households earning between $50,000 and $100,000 annually and 54% for those earning $100,000+.
Americans Fear Their Credit Won’t Recover, Even If the Economy Does.
According to the Credit Impact Report from Finicity, 55% of Americans have experienced job or income loss because of COVID-19. A staggering 95% of those affect worry that their credit won’t recover after the pandemic, even if the economy does. If the current health crisis has left you with credit anxiety, there are steps you can take to protect your credit during the outbreak.
Stimulus Check Update: What’s Covered under Trump’s Executive Actions (And What’s Not Covered)
Still don't quite understand #TrumpsExecutiveOrder?#LowCards breaks it down for you, in simple terms. #LowCardsNews #IndustryNews
Credit Card Companies Offer Relief during Coronavirus Outbreak
President Trump has declared the COVID-19 outbreak as a national emergency, recommending that social gatherings of no more than 10 people. As a result of social distancing, many Americans could find themselves on a reduced schedule or even without work.
Record Sales and Donations for Thanksgiving Weekend 2019
It’s no surprise that Black Friday and Cyber Monday 2019 crushed previous sales records, but those aren’t the only days with hearty growth. The Tuesday after Thanksgiving, known as ‘Giving Tuesday,’ has seen continual growth as well. This year, Americans donated $511 million online, totaling $1.97 billion when including offline donations.
Banks May Be Tightening Standards for Credit Card Applications
According to the latest Senior Loan Officer Opinion Survey from The Federal Reserve, banks tightened their lending standards for credit cards in the third quarter 2019.Comparing the thrid quarter to the beginning of the year, respondents from 76 domestic banks said they “were less likely to approve credit card…applications” for applicants with FICO scores between 620 and 680. In addition, banks responded that they were less likely to approve applicants with 620 FICO scores.
82% of Americans Still Carry Cash
Mobile wallets, debit cards and credit cards may point to a cash-free future, but that’s not likely to happen any time soon. According to the latest J.D. Power Pulse Survey, 78% of consumers believe merchants should be required to accept cash. This feeling is consistent across all generations.
Small Businesses Look to Credit Cards for Future Financing
Small businesses are increasingly turning to credit cards to finance future purchases, according to quarterly research from Dun & Bradstreet and Pepperdine Graziadio Business School. The Private Capital Access Index for the third quarter 2019 finds 35% of small businesses plan to use personal credit cards for future financing, up from 21% a year ago. This is the highest percentage reported in the last eight years.
Will Credit Cards Become Obsolete?
Not long ago, the most popular payment methods included cash and checks—but when was the last time you saw someone pull out a checkbook at the grocery store? While checks are still in circulation, most people have stopped using them and replaced them with the convenience of paying with a credit card.
Visa Unveils New Security Services to Prevent Payment Fraud
Visa just unveiled a new suite of security services designed to detect and prevent payment fraud. The company discussed these services during the Visa U.S. Security Summit 2019 in San Francisco.
Citi Enhances Benefits on Two Credit Cards | LowCards.com
Citi has made some changes on two of its most popular credit cards: the Citi Rewards+℠ Card and the Citi Premier℠ Card. The changes are aimed to help Citi attract new customers.