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There is a new competition among credit card providers to garner the attention of consumers with so-so credit histories. New reports show that more credit cards have been provided to consumers with lower credit cards. TransUnion is reporting that 25.2% of new credit card accounts were opened by those who maintain scores less than 700.

A consumer credit score ranging from 700 and below signal that the consumer has had issues in the past making credit payments or who have run up significant balances in the past. Since the biggest push in recent economic times is to avoid poor score holders and focus on the excellent credit score holders, the results of the TransUnion research is important.

80% of all new card offers still go to consumers with top-tier credit scores. Along with the card offers, the benefits that go along with the cards have also been boosted and interest rates cut.

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Tags: Card Providers, Credit Card, Credit Card Providers, Providers

Credit card debt will sneak up on you if you’re not paying attention. You’ll feel like you woke up one day with a mountain of credit card debt and only the faintest clue how it got there. If think back, you may realize you noticed some of the signs of credit card debt, but didn’t realize they were actually signs of credit card debt. For example, did you find yourself ignoring credit card bills when they came in the mail? Or perhaps you shuffled debt from one card to another with balance transfers?

If you’re doing a good job of managing your credit cards right now, make sure you can recognize the signs of credit card debt. On the other hand, if you find yourself struggling with debt, you can make a plan to get out of it. Read:10 Signs You’re Headed For Credit Card Debt

Tags: Card Debt, Credit Card, Credit Card Debt, Debt

Do you receive pre-approved credit card offers? You’re not alone.  In fact, the credit card industry sends out several billion credit card offers each year.  The good news, if you’re receiving credit card offers, is you usually must have good credit or you wouldn’t receive these offers.

The credit card issuers select names from the credit reporting agencies’ databases based on credit requirements that are acceptable and send a pre-approved credit offer.  They can do the same by providing their own list of names to screen for credit.  You have already qualified for the credit card and can accept the offer if you want.

If you discard these offers (you should shred them to avoid someone else opening an account in your name) and aren’t interested in opening a new credit card account, you can stop them.   This process is call “opt out”.  It is a federal program sponsored by the four credit report agencies (CRAs): Equifax, Experian, Innovis and TransUnion.  There are two options, one is to opt out for five years and other is to opt out permanently.

Opt out for five years – To opt out for five years, call 1-888-5- OPT-OUT (1-888-567-8688 or go to the website at optoutprescreen. This number and site ar

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Tags: Card Offers, Credit Card, Credit Card Offers, Offers

If you’re brand new to credit, you may have already discovered that it’s not so wasy to get a credit card when you have no credit. It’s like a dog trying to catch its tail – you can’t get a credit card because you have no credit, but you can’t build credit because no one will give you a credit card.

Fortunately, there are a few places you can get a credit card, even when you don’t have credit. You just have to know exactly where to look. One place to start is with the bank that you currently have a checking or savings account in good standing.

Tags: Credit, Credit Card, No Credit

GeniusWave has created a new travel and utility app for mobile phones called Location Finder for Travel Cards. The benefit of this particular app is that it helps credit card users who are enrolled in various travel rewards programs find participating merchants who also participate in those rewards programs.

Sometimes if you eat in a particular restaurant, for example, you can earn extra rewards points with your card – and this app helps you find those more “rewarding” eateries. The same applies to hotels, stores, car rental agencies, and other kinds of businesses that participate in rewards programs. The new Location Finder uses the phones GPS functionality to give a list of businesses in their immediate area to earn and use their rewards. The Location Finder delivers the list of retailers as well as map access to help cardholders get to those places.

More than 1700 programs and cards are supported by the program. Cards and data are protected with pass code access and advanced security features, including online backup with Cloud Sync and data purge if a phone is lost or stolen.

Tags: Card, Credit Card