Tag Archives: credit cards

Survey: Issuers favor card fees, consumers beware

Survey: Issuers favor card fees, consumers beware Source: CreditCards.com Credit card issuers are showing an ever-increasing appetite for fees, a new survey from CreditCards.com shows, with the average card carrying six different fees. Most of them are the usual, familiar fees, such as a fee for paying late or transferring a balance. But some are […]

Volume of credit cards finally back up near pre-recession levels

Volume of credit cards finally back up near pre-recession levels Source: CreditCards.com It took six years, but the volume of credit cards is finally approaching pre-recession levels, according to an American Bankers Association report issued in June. As of the fourth quarter of 2014, the total number of open credit card accounts, and the volume […]

2015 Cash Advance Survey: Convenient cash will cost you plenty

2015 Cash Advance Survey: Convenient cash will cost you plenty Source: CreditCards.com If your checking account is running on empty, a credit card cash advance can fill your cash void, but use with caution, as the transactions come with steep extra costs. A CreditCards.com survey of 100 credit card cash advance policies found this convenient […]

Credit card market share statistics

Credit card market share statistics Source: CreditCards.com The credit card industry is big business. Business Insider estimates that the credit card industry processed $4 trillion in the U.S. in 2014. Seven of the largest card issuers — American Express, JP Morgan, Capital One, Bank of America, Citigroup, Discover and U.S. Bancorp — reported more than […]