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BNET Business Dictionary
- Credit Card
- a card issued by a bank or financial institution and accepted by a merchant in payment for a transaction for which the cardholder must subsequently reimburse the issuer
- Credit Card definition on BNET »
BNET Resources
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- Consumers Union: 'It's Always Christmas Time' For Credit Card Companies Thanks to Penalty Fees, Interest Rate Hikes, Misleading Contracts
- WASHINGTON, Dec. 6 /U.S. Newswire/ -- At the height of the holiday shopping season, Consumers Union is releasing an animated satire highlighting the increasing number of financial pitfalls faced by credit card consumers. "It's Always Christmas Time WASHINGTON, Dec. 6 /U.S. Newswire/ -- At the height of the holiday...
- Research articles 2005-12-06
- UAE: CITIBANK INCREASES CREDIT CARD INTEREST RATE.(Brief Article)
- According to Al-Bayan newspaper (December 14, 2003), Citibank, the leader in the UAE credit card market, is going to increase the interest rate on its credit cards in the UAE, as of next year to meet the various facilities that the bank is building a According...
- Research articles 2003-12-14
- SEARS SETTLES LAWSUIT.(concerning change in credit card interest rates)
- HOFFMAN ESTATES, Ill.-Sears, Roebuck and Co. has agreed to settle a class-action lawsuit, filed over an increase on the annual percentage rate APR of credit card holders, by paying millions of dollars in cash and coupons to 11 million of its credit HOFFMAN ESTATES, Ill.-Sears, Roebuck...
- Research articles 1999-03-15
- Demos Statement on GAO Study: Report Confirms What Families AlreadyFeel: Credit Card Fees, Interest Rates Are Out of Control
- To: National DeskTo: National Desk
- Research articles 2006-10-12
- 'It's Always Christmas Time' for Credit Card Companies But Consumers Can Get Trapped by Abusive Fees and Practices ; Consumers Union Warns Shoppers About Penalty Fees, Interest Rate Hikes, and Misleading Contracts
- To: National Desk, Business and Consumer ReporterTo: National Desk, Business and Consumer Reporter
- Research articles 2006-11-20
- With Fed announcement, credit card and home equity interest rates should rise.
- By James Toedtman, Newsday, Melville, N.Y. Knight Ridder/Tribune Business News By James Toedtman, Newsday, Melville, N.Y. Knight Ridder/Tribune Business News
- Research articles 2004-09-22
- Basics of card rates
- This article explains basic rules of interest rates on credit-card debt that includes Interest rates are variable, Rates are higher than those for secured loans, Interest rates have a ceiling, Interest on credit card debt is not tax-deductible. Credit card rates are set by adding a spread, or margin, to...
- White papers 2003-09-08
- Credit card fees
- It may be cheaper to pay an annual fee if the interest rate on your card is low enough. Annual fees generally range from $20 to $75. To decide this you need to calculate which is cheaper: a fee-based card with a low interest rate, or a no-fee card with...
- White papers 2003-09-08
- Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence From Credit Card Data
- This paper utilizes a unique new dataset of credit card accounts to analyze how people respond to changes in credit supply. The data consist of a panel of thousands of individual credit card accounts from several different card issuers, with associated credit bureau data. The paper estimates both marginal propensities...
- White papers 2001-06-01
- Switching Costs and Adverse Selection in the Market for Credit Cards: New Evidence
- To explain persistence of credit card interest rates at relatively high levels, Calem and Mester argued that informational barriers create switching costs for high-balance customers. As evidence, using data from the 1989 Survey of Consumer Finances, they showed that these households were more likely to be rejected when applying for...
- White papers 2005-07-01
- Using a Low Interest Credit Card
- Most credit card companies have low interest credit cards. Usually these will come with a low or no interest rate credit card for six to twelve months. On top of that, these cheap credit cards will go to a high fixed rate or high variable rate card at the end...
- White papers 2006-05-27
- Roll-Down Your Credit Card Debt
- The purpose of this tool is to show people how they can apply two very simple strategies to their current debt situation to pay off their balances faster. These two strategies include paying off the debt with the highest interest rates first and then, after paying off the higher interest...
- Tools & templates 2008-01-01
- Senator Dodd Is Saving Lenders From Themselves
- Senator Christopher Dodd is getting tough on his old chums in the commercial banking industry. The Connecticut Senator who heads the Senate Banking Committee, and was once the beneficiary of a Countrywide home loan himself, is turning on credit card issuers who have tried to wriggle out of an interest...
- Blog posts 2009-10-27
- Why Credit Card Regulation Is Broken
- Until recently, regulators routinely looked the other way as credit card issuers ensnared unwitting consumers with huge finance charges and penalties. So how did credit card regulation become so broken? Here's a brief history of the slippery practices of the industry. How...
- Articles 2009-04-15
- Jacked Up Interest Rates
- The banking industry collects more than $15 billion a year in credit card penalty fees, a tenth of its revenue. President Obama wants new legislation to protect consumers. Anthony Mason reports.
- Videos 2009-04-23
- Update: Higher Interest Rates for Some Credit Card Holders
- A few weeks ago I aired my concerns about credit card reform and promised to stay on top of any news that could affect consumers. Well, here's some potentially alarming data out of consumer education website Credit.com. by Stacey Bradford
- Blog posts 2009-06-26
- Old Credit Card Tricks Are New Again
- Since Congress enacted the consumer-friendly credit card law back in May, you'd think that the cardcos would have at least started to roll back all those bad practices that it bans. You'd think. After all, if you knew you were starting Weight Watchers on Monday, wouldn't you stock...
- Blog posts 2009-11-02
Additional Resources
- Which Is Better: Flight Card Or Low Rate Card?
- Frequent-flier award cards allow you to accumulate miles when you make purchases. Often, the award card comes with a higher annual fee than an ordinary credit card and may have a higher interest rate. This calculator shows the tradeoff in holding a frequent-flier award card versus a low interest rate...
- Tools & templates 2008-01-01
- Late Credit Card, Home Equity Bills Decrease as Jobs Increase, Say Economists.(Knight Ridder/Tribune Business News)
- Sep. 22--Fewer Americans were late making credit card and home equity payments in the second quarter, according to the American Bankers Association ABA. Economists said the drop in the credit card delinquency rate to its lowest point in five years is a reflection of...
- Research articles 2000-09-21
- The Latest Credit Card Gotcha from CapitalOne
- Watch out for a new credit card iniquity -- the suspension. I may be one of the first victims, because I've never heard of this before. It all started last week when a ticket-dispensing machine refused to accept my CapitalOne card for a trip to Grand Central;...
- Blog posts 2009-07-06
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