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Latest Daily Credit Card News at CardTrak.com

Down Debt July, 13, 2009

Nine months of contractions should give birth to an economic recovery. But, apparently not as consumer spending and debt languishes. Consumer revolving credit, mostly credit card debt, continued its downward trend in May, posting its ninth consecutive ... more

Fair Prices? July, 10, 2009

The nation's "King of Convenience for a Price" is taking on the payment card industry with a petition campaign to lower its credit card fees. About 6,300 7-Eleven stores have joined the campaign asking customers, including kids, to sign a petition at the ... more

Debt Recovery July, 9, 2009

While Americans wallow in a mountain of unsecured debt they are pulling themselves up by the bootstraps rather than waiting for a handout. A new study shows that 47% of consumers are handling their debt problems themselves. more

Late Payers July, 8, 2009

Credit card delinquencies, based on total dollars outstanding, rose to its highest level ever in the first three months of this year. According to the American Bankers Association's "Consumer Credit Delinquency Bulletin," delinquencies based on total dollars ... more

Onyx Card July, 7, 2009

Following on the heels of the new "Chase Sapphire" card, TNB Card Services has unveiled the "Onyx MasterCard." Texas-based Texas Dow Employees Credit Union has teamed with TNB to offer the new credit card to its high end members. more

WU Visa July, 6, 2009

Western Union is adding a reloadable Visa prepaid card to its "Gold Card" loyalty program. About eight million "Western Union Gold Card" members in the U.S. will be targeted for Visa card starting July 8th. more

Debt Wise July, 5, 2009

One of the nation's top credit bureaus has assemble a bag of tools to create a personal debt bailout payment plan. The new "Debt Wise" package comes from Equifax, but carries a monthly fee. more

PayPass Rules July, 1, 2009

The bandwagon for making "tap 'n go" payments with your credit card is growing day-by-day worldwide. For example, the number of "MasterCard PayPass"-enabled cards and devices has soared by 62% over the past year after more than doubling in 2007. more

Credibility Gap June, 30, 2009

A new survey reveals that 58% of Americans would not believe a statement by someone who works for a top financial institution and insurance company. Only 25% of U.S. consumers say banks are honest and trustworthy while 14% say the same of accounting firms and ... more

Priceless Jeans June, 29, 2009

How about a pair of jeans and a five-day/four-night trip for you and three guests to a destination of your choice? Between July 1st and August 31st, MasterCard U.S. cardholders will be automatically entered for a chance to win such a priceless escape and a ... more