As promised, the Consumer Financial Protection Bureau published its live database of credit card complaints registered with the bureau's toll free hotline and website. The raw data includes the name of the issuer, the broad topic for each complaint, and a flag indicating whether the credit card company resolved the complaint.
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Tuesday, July 31, 2012
Monday, July 30, 2012
Friday, July 27, 2012
Credit card interest rates rise steady!
The national average annual percentage rate (APR) on new card offers climbed to 14.97 percent Wednesday -- the highest it's been since March. This is just the fourth time this year that average interest rates have spiked.
Changes by Chase and Capital One spurred the jump in rates. Chase raised the APR on two of its business credit cards -- the Chase Business Ink card and the Chase Ink Cash card. Both cards previously featured a flat APR of 10.24 percent. Applicants are now offered a 13.24 percent interest rate, which is a full 3 percentage points higher.
Changes by Chase and Capital One spurred the jump in rates. Chase raised the APR on two of its business credit cards -- the Chase Business Ink card and the Chase Ink Cash card. Both cards previously featured a flat APR of 10.24 percent. Applicants are now offered a 13.24 percent interest rate, which is a full 3 percentage points higher.
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