Orchard Bank Credit Cards Now Issued by Capital One: What’s Next?

Credit Cards

Orchard Bank Credit Cards Now Issued by Capital One: What’s Next?

Orchard Bank Credit Cards Now Issued by Capital One: What’s Next?

Update: Orchard Bank credit cards have been discontinued. Find credit cards to help you rebuild your credit here. Capital One’s acquisition of HSBC’s U.S. credit card unit was completed last week. HSBC was the issuer of the Orchard Bank credit cards, but now, Capital One is the official issuer of these cards. This move has… Read More

Credit Card Use, Other Borrowing Spiked in March

Credit Cards

Credit Card Use, Other Borrowing Spiked in March

Credit Card Use, Other Borrowing Spiked in March

The amount being carried on consumers’ credit cards has generally been falling for more than a year, but that trend may have been reversed in March, as balances increased sharply, as did borrowing on other types of credit. Consumer credit card balances rose 7.8 percent in March, the first time they’ve risen since the new… Read More

The Most Likely Victims of Credit Report Swaps: Your Family

Credit Score

The Most Likely Victims of Credit Report Swaps: Your Family

The Most Likely Victims of Credit Report Swaps: Your Family

It’s not Freaky Friday, but many consumers are finding their financial lives swapped by accident—and it’s having big consequences. A four-part series from the Columbus Dispatch called “Credit Scars” kicked off this week, examining the damage done when credit reporting agencies blend two credit reports together. The year-long investigation by the paper uncovered thousands of… Read More

Prepaid Fee Breakdown: Know What You’ll Owe

Credit Cards

Prepaid Fee Breakdown: Know What You’ll Owe

Prepaid Fee Breakdown: Know What You’ll Owe

When it comes to prepaid cards, most consumers expect some sort of fee structure. Monthly fees, transaction fees and reloading fees are all part and parcel of the prepaid card game. A recent survey by Bankrate.com looked at the fees of 18 cards and found some interesting trends. First off, no prepaid debit card was… Read More

Make Sure to Pay More Than the Minimum on Credit Cards

Credit Cards

Make Sure to Pay More Than the Minimum on Credit Cards

Make Sure to Pay More Than the Minimum on Credit Cards

Consumers who receive a credit card bill every month will likely note that the statement comes with a required minimum payment, and it can be tempting to send off a check for only that amount. But making the minimum payment can have a significant negative impact on a borrowers’ finances in the long term even… Read More

Credit Card Debt and the Gender Divide

Credit Cards

Credit Card Debt and the Gender Divide

Credit Card Debt and the Gender Divide

While many consumers across the country are still dealing with significant amounts of credit card debt and other financial issues, new data suggests that it’s women who are facing larger burdens as a result of more borrowing missteps. Though more than 75 percent of all Americans have at least one credit card, and the average… Read More

Credit Confusion: Why Is My Issuer Telling Me This?

Credit Cards

Credit Confusion: Why Is My Issuer Telling Me This?

Credit Confusion: Why Is My Issuer Telling Me This?

A Redditer recently posted this message from a credit issuer, warning that the customer would owe nothing and that the APR on the account would increase by up to 0% if a minimum payment wasn’t received: Many of you might be wondering why an issuer would remind a customer that they wouldn’t be penalized for… Read More

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