These days more credit card customers are paying their bills on time than they have over the course of the last decade.
A report released earlier today by the American Bankers Association indicates that delinquencies on credit cards are currently at an 11-year low, with only 2.93 percent of credit accounts reported past due by 30 days or more. These figures come in substantially under the 3.91 per
Have an American Express card that you never leave home without? You can expect a refund.
According to a report by the Consumer Financial Protection Bureau, American Express will be refunding $85 million to some 250,000 customers due to what officials are calling deceptive practices that include the charging of illegal late fees and discrimination against applicants 35 years old and up.
For nearly
Current laws prohibit merchants from adding surcharges to credit card transactions, even though the merchants themselves are dinged with fees for accepting the cards.
But thanks to a lawsuit brought by retailers against card-issuers, all that could soon change.
If you have a Visa Card, MasterCard or Discover Card, you’d better keep a close eye on your bills.
Global Payments, a third-party processor of credit card payments, said Sunday that a data breach it experienced last week may have compromised about 1.5 million card numbers.