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TransUnion, a national credit reporting agency, recently released findings that show an overwhelming number of people are paying their credit card bills on time and limiting how much they are charging.

It may come as a surprise that credit card delinquencies (defined as 90 days past due—or more—on a payment) are at the lowest level observed in the last 17 years.  Given the difficult economic times and high percent of unemployment in the U.S., you may expect quite the opposite—that more people than ever would be having problems making credit card payments on time.

TransUnion also found that the average credit card debt per borrower has remained relatively flat at approximately $4,700. They f

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Tags: Card, Credit Card

Heres a good question from mcalixto2390 with an even better answer, enjoy:

since when you log on to your citi card account, it gives you the option to request an additional card.So last night my dad requested one for me with my name on it, but from his account.I am just wondering since I will technically have a credit card in my name, but from his account, will my using the card count towards my credit? IE, my credit score, so when I apply for other credit cards, I get approved?My dad requested the card for me so I can get used to it, I guess. The card was just requested last night so I was wondering how long it will take to arrive. The website said if it doesnt arrive in 10 [business?] days, to contact customer service, but I want to know how long it usually takes to arrive.Yes, I know Monday is a holiday. =]Thanks for any replies.

Answer: It usually takes about a week for the plastic to show up.If you are an authorized user on his account, the reports will be in his name, not yours. Read full article…

Tags: Card, Card Account…

Many of you might be asking this same question so Im posting with the answer here. Enjoy. The question is from Mama of 2

Im looking to help bump up my credit score. I would like a card with low annual fees and possibly no application or processing fees.But I also heard that it can be just as good to take out a small personal loan and pay it back on time, and that it will do the same thing as a secured card. Is this true?

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Tags: Card, Credit Card

American Express just launched a new cash back credit card, coined the “Blue Cash Everyday℠ Card.”

The credit card comes with no annual fee and no spend minimum, meaning you start earning cash back at the full percentages right off the back.

What you get in the way of cash back with the Blue Cash Everyday Card:

Rewards dollars can be redeemed once your balance is $25, and can be used for cash, gift cards, statement balances, or other merchandise, such as electronics, clothing, and more.

0% APR for up to 12 Months

The Blue Cash Everyday Card also comes with 0% APR for up to 12 months on purchases, meaning you won’t have to pay any credit card finance charges for the first year.

After that, the variable APR ranges from 17.24% to 21.24%, depending on things like credit score and other borrower attributes.

The card also affords you discounts at places like 1-800-FLOWERS.COM®, Fleming’s® Prime Steakhouse & Wine Bar, Hertz®, and other merchants.

You can see a complete list of partners and offers here.

You can also receive a $25 referral bonus for each friend or family member who is approved for the Blue Cash Everyday Card.

Final Word

If you use your credit card at supermarkets, gas stations, and department stores often, this could be the card for you.

The categories are fixed, so you won’t have to worry about them rotating in and out, like the rewards programs offered by other card issuers.

And with no annual fee, it’s a great choice for those who want the benefits of American Express without the cost.

Disclaimer: This content is not provided or commissioned by American Express. Opinions express

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Tags: Blue Cash, Blue Cash Everyday, Card, Cash Everyday

Credit card issuer Chase recently launched the “British Airways Visa Signature® Card,” a fairly aggressive airline rewards credit card that comes with an astonishing 50,000 mile bonus upon your first purchase.

On top of that, it offers an additional 50,000 bonus miles if you spend $2,500 on the credit card during the first three months.

100,000 Mile Bonus

With the 100,000 miles in hand, you’ve got enough for two (2) transatlantic flights.

In other words, you can fly to Europe and back twice if you live in the United States, free of charge, less taxes, fees, and surcharges, which I suppose can add up.

You also earn 1.25 British Airways miles per $1 spent on standard purchases and 2.5 British Airways miles for each $1 in British Airways purchases.

Travel Together Ticket

Additionally, if you spend $30,000 in any single calendar year, you can earn a “Travel Together Ticket,” which is a companion airline ticket used in conjunction with the card member’s award flight.

The British Airways Visa Signature® Card also waives all foreign transaction fees, being one of the few credit cards to do so (Discover and Capital One offer similar credit cards).

And when you apply for the British Airways Visa Signature® Card, you are automatically enrolled in the British Airways Executive Club.

Alaska Airlines, American Airlines, Brussels Airlines, Cathay Pacific, Finnair, Iberia, Japan Airlines, LAN, Malev, Qantas and Royal Jordanian are partner airlines.

Annual Fee and Charges

The downsides to this card, aside from a lack of introductory 0% APR, are the annual membership fee of $95 and any fees and taxes that must be paid on flights, as they’re now fairly hefty.

Beware: A flight to Europe may have fees of a few hundred dollars…

But if you don’t carry balances and love to travel, this card does have the potential to save you quite a bit of money.

Tags: Airways Visa, Airways Visa Signature, Card, Visa Signature