Tag Archives: Card

Credit card rates: The price for bad credit is rising

Posted on February 21, 2012 by admin| Leave a comment

Credit card rates: The price for bad credit is rising
News from Fox Business:

February 15, 2012

Current averages:

  • Average consumer credit card rate, overall market: 16.88 percent
  • Average consumer non-rewards credit card rate: 14.91 percent
  • Average consumer rewards credit card rate: 17.73 percent
  • Average student credit card rate: 17.06 percent
  • Average business non-rewards credit card rate: 14.74 percent
  • Average business rewards credit card rate: 15.69 percent

The US bank prime rate remained at 3.25 percent. This rate has now been unchanged for over three years; based on Federal Reserve data going back to the late 1940s, this now marks the second-longest stretch with no change in the bank prime rate. From September of 1960 through November of 1965, the bank prime rate remained unchanged at 4.5 percent, a stretch of over five years. Based on statements the current Fed has made about keeping interest rates low through the next couple of years, the current streak may yet grow to challenge that record.

In contrast, credit card rates were not at all stable in the first half of February, with significant increases in both co…………… continues on Fox Business

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Iowan imprisoned for theft, credit card fraud

Posted on February 20, 2012 by admin| Leave a comment

Iowan imprisoned for theft, credit card fraud
News from Chicago Tribune:

Associated Press

9:00 a.m. CST, February 20, 2012

WATERLOO, Iowa—

A 29-year-old Waterloo woman who had been working as a waitress has been sentenced for stealing credit card information from her customers to make new cards.

The Waterloo-Cedar Falls Courier reports (http://bit.ly/zCUIs0 ) Melissa Zehr was sentenced last week to 15 years in prison. She’d pleaded guilty to theft and credit card fraud.

The sentence will be served at the same time as a sentence for crimes in the Iowa City area.

Police say data from the cards were taken from the magnetic strip and then recorded onto another magnetic strip.

The second strip was placed on an ordinary pre-paid Visa card, and a name was embossed on the front. Purchases were then charged to the victim’s account.

Court records say nearly 20 customers had complained their cards were hijacked.

——

Information from: Waterloo-Cedar Falls Courier, http://www.wcfcourier.com

AP-WF-02-20-12 1744GMT

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Police make credit card arrest, feed 4 hungry kids

Posted on February 17, 2012 by admin| Leave a comment

Police make credit card arrest, feed 4 hungry kids
News from Press Herald:

Posted: 7:02 AM
Updated: 8:47 AM

By Amy Calder acalder@mainetoday.com
Staff Writer

WATERVILLE — A man who racked up nearly $ 4,600 in charges on a stolen credit card is under arrest after police found him Wednesday in a motel with a homeless woman and four hungry children.

The man, Chad Gilley, 38, told police he found the card on the floor of a convenience store and used it in Waterville over the weekend to buy food, clothing, lottery tickets and a hotel room, according to police Chief Joseph Massey.

Massey said he was angry that the children, ages 6 to 11, had not eaten breakfast when the family was picked up by police late morning Wednesday. Police fed the children, who played games and watched children’s programs on television for about six hours until the state Department of Health and Human Services came for them.

“The worst thing about this case is that we had four children here, who I can call victims, to be hauled around all weekend … by this…………… continues on Press Herald

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Citibank credit card defaults increase in January

Posted on February 16, 2012 by admin| Leave a comment

Citibank credit card defaults increase in January
News from BusinessWeek:

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NEW Y…………… continues on BusinessWeek

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RATEGRAM’S BEST CREDIT CARD DEALS, For immediate release

Posted on February 15, 2012 by admin| Leave a comment

RATEGRAM’S BEST CREDIT CARD DEALS, For immediate release
News from Chicago Tribune:

The Credit Card Chart

February 15, 2012

These are nationally available credit cards offering the lowest interest rates on purchases as of Feb. 15. If you typically pay off the entire balance monthly, look for a zero-annual fee card that allows the most interest-free or grace days. Some cards listed below feature special introductory or “teaser” rates for a specified time before regular rates apply. Additional fees and residency restrictions may apply. Rates are subject to change. Rebates and other benefits may be available. 
 National avg.  APRs as of Feb. 15     Standard   Gold    Platinum
                       8.20        8.88    12.88

Low APR Standard Cards 

                               Reg.  Ann.  Grace Intro
 Card Name                 Phone         APR(%) Fee($  )Days APR/mos
 1  First Federal Card                  (843)529-5800  07.15    0  25   na
 2  IberiaBank Visa(R) Classic Card     (800)968-0801  07.25    0  25   na
 3  First Federal CashBack ScoreCard    (843)529-5963  08.15    0  25   na
 4  Simmons First Visa(R) Classic       (800)272-2102  10.25    0  25   na

Low APR Premium Cards

Note: Minimum income requirements apply to Gold, Platinum and Signature cards, which offer…………… continues on Chicago Tribune

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DRUID HILLS | Credit card scam hits small business

Posted on February 15, 2012 by admin| Leave a comment

DRUID HILLS | Credit card scam hits small business
News from WXIA-TV:

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    • Facebook
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    • Di…………… continues on WXIA-TV

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Google Wallet Suspends Prepaid Credit Card Functions

Posted on February 12, 2012 by admin| Leave a comment

Google Wallet Suspends Prepaid Credit Card Functions
News from PCWorld:

By John P. Mello Jr., PCWorld    Feb 12, 2012 8:57 AM

Google has suspended prepaid capabilities on credit cards linked to its mobile wallet after a security flaw was exposed.

Saturday’s move comes following the airing on the Internet of a flaw in the wallet’s design that could allow an unauthorized user of a phone to tap into an existing balance on a card by reconfiguring the wallet’s settings.

“We took this step as a precaution until we issue a permanent fix soon,” Vice President for Google Wallet and Payments Osama Bedler wrote in a company blog.

The security flaw was revealed last Thursday by a blogger, identified only as “The Smartphone Champ,” who explained that by opening up the settings section on an Android phone and blanking all the settings for a Google Wallet,…………… continues on PCWorld

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Old Encrypted Credit Card Data May Have Been Stolen in Steam Hack

Posted on February 11, 2012 by admin| Leave a comment

Old Encrypted Credit Card Data May Have Been Stolen in Steam Hack
News from Piki Geek:

Remember that Steam hack back in November? Well, according to a letter sent out by founder Gabe Newell, the ne’er-do-wells responsible may have made off with a backup file containing information on transactions with Steam between 2004 and 2008.

The file supposedly contained “user names, email addresses, encrypted billing addresses and encrypted credit card information.” Passwords, however, were not a part of the file. Of course, there’s no evidence that the thieves can decrypt the data, but you may want to keep an eye on your bank statement just in case. Turning on Steam Guard wouldn’t hurt, either.
You can read the entire letter to the Steam community after the break.

Dear Steam Users and Steam Forum Users

We continue our investigation of last year’s intrusion with the help of outside security experts. In my last note about this, I described how intruders had accessed our Steam database but we found no evidence that the intruders too…………… continues on Piki Geek

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Steam Hackers “Probably” Got Credit Card Info

Posted on February 11, 2012 by admin| Leave a comment

Steam Hackers “Probably” Got Credit Card Info
News from Escapist Magazine:

Valve boss Gabe Newell says hackers who broke into Steam last year probably made off with an old backup file containing user names, email addresses and encrypted credit card information.

In November 2011, Steam became the latest victim in a string of attacks against game-related websites, as hackers broke into the system, threw up a bunch of inappropriate links and the stole off into the night. A week after the fact, Valve revealed that the intrusion was worse than originally thought, as the hackers had also gained access to a Steam database containing user information including “hashed and salted passwords” and encrypted credit card info. On the upside, Newell said at the time that “we do not have evidence that encrypted credit card numbers or personally identifying information were taken by the intruders,” and that it would continue to investigate.<…………… continues on Escapist Magazine

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Sandoval’s $400000 credit card payment reveals campaign finance flaw

Posted on February 10, 2012 by admin| Leave a comment

Sandoval’s $ 400000 credit card payment reveals campaign finance flaw
News from Las Vegas Sun:

By David McGrath Schwartz (contact)

Friday, Feb. 10, 2012 | 2 a.m.

Gov. Brian Sandoval

To download a copy of the report on spending by Gov. Brian Sandoval’s Inaugural PAC, click here.

When the time came to pay for some of the expenses for Gov. Brian Sandoval’s inaugural gala in Las Vegas, the inaugural committee made a $ 400,000 payment to its consultant’s American Express card.

The $ 400,000 credit card payment — covering over a third of the total cost of the events — stands out, even though using credit cards for political expenses is common in Nevada. It also highlights how state law allows campaigns and political action committees to spend their funds without itemizing how the money is used.

Public oversight of who funds campaigns and how they spend money took a giant leap forward this year, with adoptio…………… continues on Las Vegas Sun

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