credit cards

Citigroup Inc.'s Chinese subsidiary is set to become the first U.S.-based bank to issue its own credit cards in China.

Americans borrowed more in September to buy cars and attend college, but they cut back on using their credit cards for a third straight month.

The latest data suggest consumers are being cautious about taking on high-interest debt in the weak economy.

Credit cards have gotten a bad rap recently and for good reason: if not used responsibly, they can lead quickly lead to burdensome financial debt.

Americans took on more debt in May and used their credit cards more for only the second time in nearly three years.

Production of most paper cash fell markedly last year, as credit cards remained entrenched and paper bills were lasting much longer.

Late payments on credit cards are at their lowest level in 15 years, TransUnion says.

(SAGE Publications) People shop for high status items when they're feeling low, and they're more likely to make those expensive purchases on credit, according to a study in the current Social Psychological and Personality Science (published by SAGE).

Although admitting that personal information was stolen during the PlayStation Network (PSN) and Qriocity, Sony has said 1) that it is unsure if any credit card data was stolen, and 2) that even if they had been, the numbers were encrypted.

However, a number of PSN users are coming forward, saying they have seen fraudulent charges on the credit cards they have linked to their PSN accounts, damning evidence against Sony's statements.

With cellphones ready to act as credit cards, banks, carriers and card issuers are fighting for control.

More consumers are shunning credit cards for holiday shopping and using cash to keep themselves on budget.