Credit Card Mix

Many of us may be wondering why credit card issuers are raising rates and fees for their services in-spite of the fact that the Fed just dropped the rate to stunning 1 percent. How can it be explained today and what to expect in the future?

Changes in Credit Card Industry

It has been reported by numerous banks that just within the third quarter charge-off rates have risen to right above 5% of total credit card balances. And the situation will tend to worsen in the near future. To off-set the losses companies are trying to increase the rates on cash advances, as well as overdraft protection. Additionally some banks will introduce monthly service charges for those who have been carrying large balances for over 2 years. Read the rest of this entry »

We are happy to announce the launch of our trial website for UK credit card consumers (CreditCardMix UK). The new site is a scaled down version of our main portal and is exclusively dedicated to the credit card offers currently available to UK residents.

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Once again we would like to remind everybody that our voting polls for the best credit cards within main categories are open for your use. Please visit our online credit card forum and take a moment to leave your opinion about the cards we have in our catalog. Let our visitors know what you think about the cards you use and read what others think about the offers you might be interested in knowing more about.

These are some of the main categories we have put for your “verdict”:  Read the rest of this entry »

The long overdue credit-card reform has finally landed at the Congress’ table calling for new regulations in fairness of issuer-consumer relations. Specialists are trying to solve the problem of overwhelming debt by creating more sensible and straightforward conditions under which credit card companies will have to provide their services. Read the rest of this entry »

It has been just a little over three months since we launched our new project, CreditCardMix. Today with great assurance we can tell you that with all the new services we have developed so far and are about to add to the list of features this project is well on its way to become one of the most honest and reliable sources of information related to credit cards. How is that? Read the rest of this entry »

The preference of cash transactions over credit card payments to receive trade terms on purchases is becoming a history with this new card from American Express. AmEx is creating a new service for business accounts by introducing The Plum Card from American Express OPEN SM. Paying the card balance early will entitle business owners for a 2% discount+. To have a choice of paying early and save on your purchases or to differ your payments, if needed, opens another dimension for charge card use. Read the rest of this entry »

The Christmas shopping is over and it is time for many of us to start paying off credit card bills. According to The Associated Press, as of now, credit card debt per household in America is around $2,200. Unfortunately post-Christmas season for some of us will not be as happy as Christmas itself. With default and delinquency rates still rising, comparing to the third quarter of 2007, one may expect credit issuers to tighten their punishments for payment delays. Failure to make your timely payments this time of the year may result in brutal penalties that will put you even deeper in debt and harm your credit history. Read the rest of this entry »

Credit Card Deals For You

Our website offers a variety of credit card deals. You can easily research and compare them and chose the one that best fits your financial needs. For example:

· If you are a frequent traveler, we offer credit cards that will give you great deals on airline tickets, hotel points, car rental rates, frequent flyer miles, etc. Read the rest of this entry »