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Updated: 2014-07-27
Source: CreditCards.com

How America pays: Fed study paints big picture of card trends

By Fred O. Williams
Published: July 24, 2014

How many credit cards are there? How many debit cards? How many checks do we write? The Federal Reserve's new payments study paints a statistical portrait of how we spend

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Keeping customers on contracts amid credit card churn --For a gym owner, data breaches at other merchants are costly. As customers are reissued credit cards with new account numbers, some are dropping their auto-pay agreements... (more)
How can I protect my point-of-sale system against security breaches? --Lax POS security can cost your small business steep fines from credit card issuers if your system is breached. Safe password practices are one of your best defenses... (more)
Beware of advance-fee credit card scams --If you see an ad promising that a third party can get you a credit card if you pay a fee to them in advance, pass it right by. Fraudsters use such scams to target people desperate for credit ... (more)
Lets Talk Credit
Will making minimum payments damage my credit score? --Consistently making minimum monthly payments on a high balance is a dangerous habit that can damage your credit score if your financial situation worsens... (more)
How minimum payments are applied to small balances --Don't slip up and forget a credit card payment when the balance is almost paid off. A late fee could be larger than your minimum payment... (more)
0-percent balance transfer after debt in collections? Good luck --Balance transfer offers aren't lifelines offered to people with bad credit, they're a deal for those who maintain good credit... (more)
Tick-tock debt: Law gives 30 days to respond to collector --When a debt collector makes first contact, federal law gives you the right to seek verification of the debt and to dispute it -- if you act quickly... (more)
One mistake results in big credit score drop --A single mistake on a card bill caused a huge drop in a customer's score and highlights a credit rule: The bigger the score, the harder the fall... (more)