Did you know that the Department of Justice had sued Visa, Mastercard and American Express on our behalf, and is still battling American Express in court? Yup, about two months ago the DOJ sued all 3 companies for basically trying to ice out any competitors, including store cards, from competing against them through some of […]

When you are comparing credit cards, are you putting the right amount of emphasis on the credit card merchant? The card merchant is not always the bank issuing the credit card, and when you are comparing a Visa card to a MasterCard to an American Express card, you may not be clear about whether the […]

The latest figures relating to the performance of credit card loans, from issuers including Capital One Financial Corp. (COF) and American Express Co. (AXP), suggest that consumers are still troubled, and losses branching from souring credit card loans remain high. Analysts say that recent trends show the market is headed for a peak in delinquencies […]

I know that some people believed I was sounding a very negative death knell against the credit card industry last year. I went fairly easy on American Express because, after all, it’s not associated with any banks and their practices, for the most part, have been pretty fair. But for everyone else who has a […]

Man, it seems all I’m doing these days is talking about things Citigroup is doing. Unfortunately, this time it’s hitting really close to home. On Saturday, my wife got a letter from Citigroup saying they were jacking up her interest rate from 16.99% to 29.99% effective in November. She can close the card before November […]

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