July 18th, 2014

Security Improvements Still on Hold for U.S. Credit Cards

EMV Credit Cards

Visa, MasterCard, American Express and Discover are putting the pressure on: credit card issuers have until October 2015 to replace consumers’ credit cards with more secure EMV cards. According to a new report by the Aite Group, this means that 70 percent of credit cards in the U.S. will have EMV technology by the end of 2015.

Since EMV technology in credit cards is more secure than standard magnetic strips, this migration could curb the rise of fraud worldwide. In 2012 alone, credit, debit and prepaid card fraud resulted in $11.27 billion in losses, up 14.6 percent from 2011.

What is EMV?

EMV stands for Europay, MasterCard and Visa—the three payment processers that have joined forces to encourage more security and global usability among credit cards. EMV is the set of standards for the more secure authentication of credit card transactions worldwide.

Credit cards enabled with EMV technology contain a chip that creates a unique code for each transaction. It’s said to be more secure because stealing someone’s credit card information from an EMV-enabled card swipe is akin to using an expired password.

Eighty countries worldwide are migrating to EMV chip technology. The U.S. is one of the last of these countries to migrate, but most issuers have already announced their implementation plan in response to the October 2015 deadline.

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January 17th, 2014

Credit Karma Tips & Resolutions 2014 — Part 5

Credit Karma Tips & Resolutions 2014

Stan actually requested to expand on his tip, so here’s more information in his own words. And be sure to check out some of our other blog posts on this subject!

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November 25th, 2013

Rewards Credit Cards Offer Insane Value

Rewards Credit Cards Offer Insane Value

Rewards credit cards are the best kind of cards out there. If you use credit cards without reaping corresponding rewards, that’s plain wrong. Many people presume that using rewards cards isn’t worth the trouble since cashback is so small, usually 1%. But the truth is that it’s possible to reap rewards much higher than 1% if you’re paying attention, and besides, even small cashback can add up with time. However, before we proceed, there are three conditions for anyone who is considering using rewards credit cards for profit. Make sure you qualify or face potentially dire consequences.

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November 11th, 2013

Little Known Credit Card Benefits That Could Help You This Holiday Season

Little Known Credit Card Benefits That Could Help You This Holiday Season TH

If you’re like the typical American, you’ll probably be using your credit card a good amount this holiday season. But did you know your credit card may be able to do a lot more than temporarily pay for that sweater you’re buying for your mom? Check out some of these credit card perks that could make this holiday season a little easier for you.

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September 18th, 2013

Retail Cards: Use Them Wisely – Part 2

Retail Cards: Use Them Wisely – Part 2 TH

Yesterday I shared our July retail credit card data. It isn’t a surprise that many Credit Karma members have fallen into the trap of signing up for a store credit card. Let’s face it, it isn’t always easy to tell the very persistent store clerk that you don’t need the extra discount. So if you fall into that group and can’t turn down a credit card offer, or if you’re already carrying a retail credit card, here’s some advice from me and our Facebook fans on how to use it wisely.

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September 17th, 2013

Retail Credit Cards: Use Them Wisely – Part 1

Retail Cards: Use Them Wisely – Part 1 TH

These days, almost every time you shop at a retail store you’re offered a discount in return for opening up their newest credit card. Many times, the offers are very enticing and hard to turn down. I can’t lie… even I’ve given in to the temptations before! According to our July credit card data, those discounts are also enticing many Credit Karma members:

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August 29th, 2013

How to Travel for Free with Credit Cards

travel hacking th

“If only I made more money” is usually how a sentence starts when someone is trying to figure out how others have mastered their finances. But if you asked money-savvy people what their secret to financial bliss is, they’ll have a simple answer. The answer is that financial independence is based on three simple practices. Without these sound financial practices in place, reaching financial bliss is a difficult and seemingly unattainable goal.

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August 13th, 2013

Credit Karma’s Best Travel Rewards Cards of 2013

best travel cards

It seems like every day in the mail either myself or my husband receives another credit card offer. The problem is; how do you know which one is the best one? For most people all the information can be overwhelming. It’s hard to see through all the shiny extras to know the real value. Credit Karma decided to do something to help. We used our exclusive data to compile an unbiased list of the best travel reward credit cards to help make it easier to choose.

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June 26th, 2013

Review: Capital One® Quicksilver® Cash Rewards Credit Card – Easy Cash Back

quicksilver th

Capital One has launched two new credit cards—Quicksilver and QuicksilverOne Rewards. These cards replace the Capital One Cash Card and aim to make earning cash back simpler and more straightforward.

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January 3rd, 2013

Review: The Discover It Card Aims to be a Consumer-Friendly Game Changer

Discover It th

Listening to your customer base is one thing. Implementing customer-pleasing changes into a brand-new credit card product could be a game changer.

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