3 Reasons Emigrant Bank Might Not Be the Best Place to Save

Emigrant Bank Review

Emigrant Bank, through its internet bank subsidiaries (DollarSavingsDirect, MySavingsDirect and EmigrantDirect), offers highly competitive interest rates. However, before deciding to open an account with Emigrant, here are three concerns that every potential customer should consider:

1. Emigrant Bank has a regular history of introducing “America’s Highest Rate” to attract customers, only to decrease the rate later. Emigrant Bank is fully within its legal right to do so (because savings account rates can change at any time). But other leading internet banks pay much more consistent rates, and so the pattern starts to feel a bit like bait-and-switch.

2. Emigrant Bank has a C+ health rating from DepositAccounts.com (which, like MagnifyMoney, is owned by LendingTree). All deposits at Emigrant are insured by way of the Federal Deposit Insurance Corporation (FDIC). However, if you want to deposit more than the FDIC-insured limit, the health of your chosen bank is an important consideration. Emigrant was hit hard during the 2008 financial crisis, and some of its health indicators continue to flash warning lights

3. The digital experience of Emigrant Bank is lacking. There is no mobile banking app. The website has a look and feel better suited to the 1990s than to 2017. If digital experience is important to you, Emigrant will disappoint.

I will review each of these concerns in more detail below, while including a brief background of the bank.

What is Emigrant Bank?

Emigrant Bank was founded in 1850 by Irish immigrants to New York. Very quickly, the bank became one of the largest in the country and helped finance iconic buildings like St. Patrick’s Cathedral. Fast-forward, and today Emigrant Bank (which is technically owned by its holding company, New York Private Bank & Trust Corporation) is the largest privately held bank in the country. Howard Milstein owns the bank, which now has $6.4 billion in assets. Emigrant is not tiny, but it is far from the 7th largest bank (which today has more than $300 billion in assets).

Although the bank’s physical footprint remains in New York, it has a nationwide internet deposit business to fund its operations. Emigrant’s internet-only savings brands include the aforementioned DollarSavingsDirect, MySavingsDirect and EmigrantDirect. These brands are part of Emigrant (and your FDIC insurance limit is for your total relationship balance, not each individual brand).

Beware of the bait-and-switch (a high rate to attract, and then a rapid dropoff)

Leading internet-only banks, like Ally and Synchrony, consistently pay very high rates. Emigrant has a different strategy. It has created different sub-brands. These brands will come out with the highest rate in the country to attract deposits, and then the rates will be decreased. This occurs consistently, across brands.

With a savings account, the interest rate can change at any time. But although it’s perfectly legal, this feels a bit like a bait and switch. Here are some examples:

EmigrantDirect: It once paid 1.10% APY. Now it’s 0.50% APY

When 1.10% was America’s Highest Rate in 2010, EmigrantDirect was paying it to depositors. However, the rate has consistently and dramatically dropped, and the rate is only 0.50% APY now. If you opened your account in 2010, you would have seen your rate fall by more than 50%, even though the market interest rates have been increasing, and it is now easy to get at least 1.30% APY. Here is a chart of the deposit history, from DepositAccounts:

MySavingsDirect: It once paid 1.25% APY – now 1.00% APY

In 2015, MySavingsDirect had America’s Highest Rate. In fact, it was featured prominently on MagnifyMoney because of the healthy interest rate. However, the rate started to drop dramatically and swooned as low as 0.85% APY in less than a year. We can only guess that people started leaving in droves — because the rate bounced up a bit to 1.00% APY. This rate is far from America’s Highest, however, and MagnifyMoney readers who signed up in 2015 probably feel a bit sore about the rapid drop in rates.

Look at the chart below to see the bumpy road depositors have been on:

DollarSavingsDirect: Now America’s Highest Rate

DollarSavingsDirect now has America’s Highest Rate, and is paying 1.60% APY. We can’t argue with the rate. But when you look at DollarSavingsDirect’s rate history (below), and considering what Emigrant Bank has done with the other brands, you would be safe in betting that this rate will probably come down soon:

Source: Depositaccounts.com

Health warning: Emigrant’s risks

Emigrant was hit particularly hard during the 2008 financial crisis and required a financial bailout. The bank is now very well capitalized and has a 19.34% Tier 1 capital ratio (as of June 2017). The Tier 1 capital ratio is one of the highest in the banking universe, and it received an A+ from DepositAccounts for capitalization.

However, there are two reasons to be cautious. First, the bank continues to struggle with profitability. According to the FDIC, Emigrant’s Return on Assets (ROA) for the first six months of 2017 was only 0.70%. For banks, 2017 has been an excellent year for profitability. FDIC-insured institutions achieved an average ROA of 1.14%, which is the highest in 10 years. In a period of record earnings and low losses, Emigrant Bank is only able to achieve its much lower figure — which means a future downturn or recession will be more difficult.

In addition, the Texas Ratio of the bank is 20.23%. The Texas Ratio looks at the book value of all nonperforming assets as a percentage of the equity capital and loan-loss reserves. This ratio measures a bank’s likelihood of failure by comparing bad assets to available capital. If the ratio is above 100%, a bank is highly likely to fail. At 20%, Emigrant Bank’s Texas Ratio is flashing yellow (and received a B from DepositAccounts).

If all of this sounds confusing, let’s offer a simple recap:

  • Emigrant Bank was hit hard in 2008.
  • To repair itself, the bank raised lot of capital (to buffer against future losses).
  • Unfortunately, the bank still struggles to generate earnings. In a period of record bank earnings, it lags industry averages.
  • There are still a relatively high number of bad loans on the books, given the high Texas Ratio

In fairness, the bank has been around since the 1800s and has made it through every crisis, including the Great Depression and the recent Great Recession. However, Emigrant is not the strongest bank in the market, and you should think long and hard before depositing more money than the FDIC limit.

A poor digital experience

If you open an account with a bank that does not have branches, your expectation for a strong digital experience should be high. Sadly, Emigrant Bank does not deliver. Its website has a very dated look and feel, and there is no mobile banking app. If digital experience is important to you, Emigrant will not deliver.

Bottom line

If you want to open a savings account with a bank that consistently pays a market-leading rate, Emigrant Bank (along with its various internet brands) is probably not the bank for you.

If you want a bank where you plan on depositing significantly more than the FDIC maximum, you should do some extensive homework before entrusting your funds to Emigrant.

And if digital experience and mobile banking apps are important to you, you should avoid Emigrant.

However, if you are willing to do work, and don’t mind regularly moving your money around, you will probably be able to find America’s Highest Rate at one of Emigrant Bank’s brands at any given point in time. Just watch that rate carefully, because it will likely go down.

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How to Deal with an Underwater Car Loan When You Can’t Sell

auto

According to experts at the automotive website Edmunds, a new car loses up to $7,419 of its value during the first year on the road. Over the next three years, new cars lose an average of $5,976 in value, mostly due to age and wear and tear.

This shows just how quickly a fancy new car can depreciate in value—and how quickly it can become worth a lot less than what you owe. After all, if you financed that new car without a down payment, the average car owner would have to pay $7,419 in principal payments the first year just to keep up with rapid depreciation.

But what if you want to sell your car and your loan is underwater? Unfortunately, this is a real issue, and one that happens all the time. If you’ve financed a car and can’t afford the monthly payment, if you need a different vehicle to fit your family or job, or if you just want a do-over, it may be difficult to find a solution without taking a loss.

If you’re underwater on your car loan and can’t sell, here are some potential solutions and why they may or may not be a good fit for you.

1. Trade in Your Car

According to another study from Edmunds, 32% of all automotive trade-ins were underwater during the first quarter of 2016. Car owners who owed more than their cars were worth had an average of $4,832 in negative equity before they traded up to something shiny and new.

This just goes to show that if you owe more than your car is worth, you’re in good company. But that doesn’t mean trading up is good for your wallet. The dealership you work with may be able to wrap your debt into your new loan, but unfortunately, you’ll remain underwater, even with the new loan.

If you’re trying to get out from under an oppressive car loan, this isn’t the solution. The only time to consider this option is when you need a different car to accommodate a changing life situation, such as with your job or your family.

2. Make Extra Payments

If you’re tired of being underwater and just want to sell your car, some experts advise making extra payments on your loan to pay it off faster.

However, if you’re struggling to come up with cash, you may want to consider halting your investment or retirement contributions to free up cash, notes Joseph Carbone of Focus Planning Group. According to Carbone, while it might sound over the top to stop investing for a while, this strategy might be the best choice, especially if the interest rate on your car loan is over 10%. Once you pay down your car loan and sell your vehicle, Carbone says, you can resume investing as usual.

Another option is to go on a limited-time spending freeze, says Texas financial planner Matt Adams.

“If cash flow is an issue, then it is time to tighten your budget and/or find a way to earn some additional income to pay the note down,” he says. This might be a good idea if you want to free up cash without changing your investment strategy.

3. Refinance Your Car Loan

While it might seem counterintuitive to take out another loan, refinancing your loan can make sense in certain situations, says Anthony Montenegro of Blackmont Advisors.

If you’re struggling to keep up with outrageous payments, for example, a new car loan could help you score a lower monthly payment, so long as you’re willing to extend your repayment timeline. It can also make sense to refinance if you have a high interest rate and you’ve improved your credit enough to qualify for a new loan with a significantly lower rate.

Before you refinance, make sure you look around for auto loans with no or low closing costs. Also, read the fine print on your new loan to make sure you understand your new payment and when the loan will be paid off.

4. Use Your Car to Make Money

Consider using your car to earn some extra cash. One way you can is with Turo.com—a website that lets you rent out your car. Alex Whitehouse of FinHealthy.com says that Turo.com is like “Airbnb for your ride” and notes that according to Turo, “hosts can typically cover their car payments by renting out their cars just nine days a month.”

If you have some spare time for a side hustle, you could also start driving for a rideshare company like Uber or Lyft. Financial planner Charles C. Scott says that you can “let your car work for you” this way. And since this side gig is flexible, those extra hours can fit nicely into your regular work schedule and social calendar.

5. Keep Your Underwater Car

Whatever the reason for wanting to ditch your underwater car loan, keep in mind that your alternatives may not be perfect. Sometimes it makes the most sense to just keep the car and pay it off the slow and painful way, says Ryan Cravitz of Milestone Wealth Management & Insurance Solutions.

If you’re able, paying your car off at a regular pace would eventually put you in an enviable situation—being free from car payments completely. The challenge at that point would be to avoid trading in your paid-off car and starting the whole process over.

The Bottom Line

The next time you find yourself itching for a new car, try to avoid a situation where you’re buying more than you can afford. According to Steven Rocha of Define Financial, “If possible, take your time and save money for a larger down payment,” and “doing so will make the purchase feel more real and might make you reassess just how much car you really want.”

Regardless of how you deal with an underwater car loan, keep in mind that you could easily make this mistake again if you’re not careful. Car dealers are more than happy to sell you one overpriced car after another, and you could spend most of your adult life owing money on cars that depreciate at lightning speed.

If you find yourself stuck in a pattern of underwater loans, or if you just want to get better at managing your debt, you can find more information online that may help. And before you buy another car or make any other big purchase, take a look at your credit report. You can see your credit report for free at Credit.com.

Image: istock

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14 Hacks for Shopping on Amazon

amazon-shopping-hacks

Odds are good that you’re already giving Amazon a lot of money. You’re not alone—the appeal of shopping for everything from cat food to cameras without leaving your couch is too strong. You don’t have to stop shopping on Amazon anytime soon, but there are plenty of things you can do to make your money go a little further. These simple shopping hacks can save you money and time.

1. Sign Up for Amazon Prime

If you use Amazon regularly, the cost of your annual membership will be quickly covered by how much you save with free shipping on almost everything you buy.

But a Prime membership doesn’t just save you money on shipping. It comes with all sorts of other benefits—many of the other tips in this post are advantages of having a Prime membership.

Normally, Prime memberships run about $100 a year. But if you’re a student, you can get a membership for half that.

2. Try Amazon’s Subscribe and Save

There are some things you have to buy every few weeks or months. Why spend extra on something as boring as paper towels? Instead, try Amazon’s subscribe and save option. You get automatic deliveries of the things you always need, and you pay less than you would if you made a one-time purchase.

3. Check for Daily Deals

You can save a lot of money on items in the “Today’s Deals” section of Amazon’s site. Check it before you buy something. There’s a chance you’ll find what you want at a steep discount.

4. Look into Prime Pantry

Sometimes shopping is fun, and sometimes you’re just buying stuff you need around the house. Prime Pantry makes shopping for things like beauty products, cleaning supplies, and pet care items a little easier. Goods that would normally be too expensive to ship alone can be grouped together in one shipment. The shipping rate is a flat $5.99 no matter how much you buy (as long as it fits in the box—boxes can hold up to 45 pounds). Plus, there are weekly deals, exclusive coupons, and significant discounts for lots of Prime Pantry products.

5. Choose Free No-Rush Shipping

If you’ve got a Prime membership, you get free two-day shipping on almost everything. But if you aren’t in a hurry, you can actually save money by being a little patient. When you choose free no-rush shipping, you can get account credits for certain kinds of items. Amazon offers credits for things like digital movies, Kindle e-books, music downloads, and Prime Pantry products.

6. Clip Some Amazon Coupons

Clipping coupons doesn’t have to be tedious. In fact, with Amazon, you don’t even have to leave the site. Visit the coupon page, and then click to “clip” the coupons you want and add those items to your cart. The discounts will be automatically applied when you check out.

7. Watch Deal Tracker Websites

Amazon prices change often. Sites like camelcamelcamel.com track the history of prices on Amazon. This makes it easier to see which purchases are bargains and which are not. You might find that the product you want is usually cheaper, or you might realize that the current price is a great deal. Either way, you’re making a more informed decision when you buy.

8. Check Your Prime Perks Before You Buy Content

A Prime membership comes with access to lots of content. For example, you can watch tons of popular movies and TV shows without paying anything extra. Next time you think about buying a new movie, check the Prime catalog first—you might find it there.

9. Look for Certified Refurbished Products

If you don’t have your heart set on getting something brand new, check out Amazon’s certified refurbished section. You can get tablets, cameras, and other cool tech at discounted prices.

10. Take Advantage of Free Content

Amazon might be a shopping site, but there are actually a lot of free products. This is particularly true if you like reading the classics. There are plenty of Kindle e-books that you can add to your library for free. Boost your literary cred while saving money!

11. Check the Amazon Outlet

Amazon Outlet may not have the most in-demand items, but you can get huge discounts on cool stuff that has been marked down or overstocked.

12. Browse the Amazon Warehouse

You can also get great deals through the Amazon Warehouse. If you’re okay with something that has been opened or gently used, you can save money on everything from TVs to vacuum cleaners.

13. Consider the Amazon.com Store Card

The Amazon.com Store Card helps you spread the cost of big-ticket items out over time. You can get 6-, 12-, or 24-month financing offers with a card that doesn’t have an annual fee. If you pay off your item in full within the designated time period, you won’t have to pay interest on your purchase. If you choose this option, be sure to pay the card off in time—if you don’t, you’ll be charged interest from the initial purchase date. Cardholders also get 5% back on Amazon.com purchases. As long as you use your card responsibly, you can ease the burden of large purchases and get money back.

14. Try the Amazon Rewards Visa Signature Card

If you’re interested in a credit card that you can use for more than Amazon purchases, the Amazon Rewards Visa Signature Card might be right for you. You get a $50 Amazon gift card upon credit approval; 3% back on Amazon.com purchases; 2% back on restaurant, gas station, and drugstore purchases; and 1% back on every other purchase.

However, be sure to check the credit requirements of the card before you apply. Credit card applications can ding your credit, so you want to be sure you’ll qualify. Take a look at your credit report card for free through Credit.com.

Save a little cash with these Amazon shopping tips so you can get what you want and need without going over your budget. And for general finance advice, check out Credit.com’s Personal Finance Learning Center.

Image: Squaredpixels

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How the Uber Hack Could Get You Robbed This Christmas (Again)

hacked

News that Uber got hacked and 57 million records were compromised may not seem like an overt threat after this year’s constant mega breaches—but it is. A recent study suggests that even something as “harmless” as a breach involving names, phone numbers, and email addresses can lead to account takeover.

The study, entitled “Data Breaches, Phishing, or Malware? Understanding the Risks of Stolen Credentials,” was backed by Google and conducted in partnership with the University of California, Berkeley, and the International Computer Science Institute.

While the title may sound boring, the takeaway is terrifying: Account takeover isn’t happening the way many people think.

What Is Account Takeover?

The first thing you need to know about account takeover is this: It’s an incredibly serious matter.

Account takeover is a form of fraud. A criminal attempting account takeover may target your bank account, your credit card accounts, or any other financial service where you do business. Once a criminal has control of an account, you will be robbed.

It’s easy to understand how your Social Security number can be used to defraud you, not to mention the time-suck of setting the record straight with whatever companies composed part of the digital “crime scene.”

Since the days of the rotary telephone, our Social Security numbers have acted as virtual skeleton keys to our financial realities. It was the way we proved that we were the right person to access our money at a bank or to be granted credit. For a long time criminals have found creative ways to use that same key to rob people—whether through the creation of new credit accounts or through account takeover.

Stolen credentials come in many forms, and they are not equal by any means. The importance of the Google study hinges on this new reality: Social Security numbers aren’t the worst threat to your accounts based on current statistics. And herein lies the kernel of what matters most in the study.

Account takeover can also zero in on your email.

How you can be robbed if a criminal has control of your email account? Think about how many of your active online accounts will send a link to reset your password via email—and then continue reading after you stop hyperventilating.

In a world where most of the day-to-day transactions we make are digital but two-factor authentication has not been universally adopted, the control of your email account by a third party may create an even greater vulnerability to fraud than the possession of your Social Security number.

Why Uber Matters (and Doesn’t)

The Uber hack was discovered more than a year before it was reported, and the company paid the hackers $100,000 to keep the incident under wraps. That such things aren’t considered serious crimes in the US is something to ponder, but that’s not the reason the hack matters.

The longer your information is “out there” unbeknownst to you, the longer you are unwittingly exposed to all stripes of crime—including account takeover.

There are many ways you can be attacked, but with the Uber hack, email would be the way in. The phishing ruse can be anything. Social engineering, or the art of tricking people into doing what you need them to do so you can rob them, can be endlessly creative.

Because the Uber hack included names and phone numbers in addition to email addresses, affected consumers may have spent the past 12 months being exposed to the more insidious threat of spearphishing and fraud via vishing (voice phishing).

In spearphishing attacks, the fraudster does a little research. For instance, using an Uber customer’s phone number, they may locate a Facebook account, and, from there, identify close friends and family. The criminal sends a spoofed email from what he or she guesses will be a trusted sender with a link that downloads keystroke-logging malware and thus puts the recipient one login away from account takeover. A majority of people use the same passwords at different sites, which means the fraudster will likely have access to multiple accounts once they determine one password.

Some questions you should always ask:

  • Is it the right time of the month? (Your banks and other accounts usually send statements on the same day every month.)
  • Does it make sense? (Has your cousin ever sent you a cute animal video before?)
  • Can you trust those links? (A general rule of thumb now that spoofs are impossible to detect is to distrust all links, always, and type URLs to wherever you need to go.)

And of course, check the email address behind the display name on any email you receive before replying, and never be shy about asking a sender if they sent you something.

Another thing you should do whenever possible: Enable two-factor authentication. But bear in mind that even if you do everything right you may still be compromised. Unfortunately, there is no silver bullet. There is only vigilance and the three Ms (minimize your exposure, monitor your security, and manage the damage), which I discuss in my book, Swiped.

The violation of privacy associated with the takeover of an email account is disturbing, but it is nothing compared to the potential life disruption it can cause. Now more than ever, you need to be exceedingly careful about the links you click on in email and the calls you take—because you truly never know who’s on the other end.

If you fear you have been the victim of fraud, check your credit report for suspicious activity. You can get your free credit report at Credit.com.

Image: istock 

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4 Reasons to Buy Your First Home in Your 30s

There are a few ways to expedite that down payment.

There was a time in my life when I thought I’d never own a home. As someone who had preferred life in big cities and prioritized travel above homeownership, the idea of settling somewhere permanently never really appealed to me.

Then I got married, then I got pregnant, and suddenly the idea of living in an actual home to call my own (with a little more space, to boot) became very appealing. By the time my husband and I closed on our first-ever home, I was 32 years old, and I’m so glad I waited until then to buy. Here’s why.

1. I Had Saved Enough for a 20% Down Payment

My husband and I were married almost three years before we bought our first house, which gave us plenty of time to start putting cash aside in a separate savings account—specifically for a down payment. That meant that we were able to put down 20% of our home’s overall value (the recommended amount), putting us in a good position for a low-interest mortgage loan.

You may not be able to sock away that much in cash by the time you’re ready to buy, but at least when you’re solidly in your 30s, you’re likely making much more than you were in your mid-20s. So you should be able to put down more than you could when you were younger. It should also be easier to refill your savings after spending that money.

2. I Knew Where I Wanted to Settle Down

Places I’ve called home include New York, New Jersey, Pennsylvania, Virginia, Florida, and Colorado, along with a few others. In other words, I had been around the block enough to know what I was looking for in a long-term home and a place to raise my family. As it turned out, Colorado was that place, and so far, it’s all I could have wanted and more.

3. I Was Secure Enough in My Career to Make Big Financial Moves

Because I’ve been freelancing successfully for the past few years, I’ve built up enough of a steady client base to feel financially safe as I took the plunge into homeownership. Buying a house is a lot more than forking over a down payment and paying a mortgage—utilities, homeowners association fees and insurance, and general maintenance and upkeep all add more weight on the monthly budget. By waiting until we were more settled in our careers, though, my husband and I felt more prepared for whatever our new house might throw our way.

4. I Could Afford a House that Didn’t Need Much Work

While I can certainly tackle the occasional DIY project, I’m never going to be someone who wants to place hardwood or redo a bathroom. As such, waiting until I was in my 30s to buy my first house meant that I had the money to buy a home that didn’t need a lot of work. It was essentially move-in ready, which was exactly what I was looking for.

When’s the Right Time to Buy a Home?

Buying a home before you’re in your 30s certainly isn’t a bad thing, as long as you’re financially prepared to put down a sizeable down payment and to pay for the added expense that comes with it. For me, though, waiting just a couple more years until I was in my 30s proved to be invaluable, since I now feel as prepared as possible for whatever new financial responsibilities head my way.

Also, no matter how old you are, make sure you’ve had a chance to build your credit before you buy. Credit plays a big role in buying a home, so make sure yours is as good as possible before you start shopping for a loan and check it frequently.

Image: monkeybusinessimages 

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U.S. Bank Introduces Mobile Location Services as Customers Gear Up for Holiday Travel

These cards help you go out for drinks and get home safely.

Earlier this month, U.S. Bank launched Location Services for their mobile app, providing additional security and convenience to customers as they travel and shop for the holidays.

We spoke with Jason Tinurelli, Senior Vice President of Retail Payment Solutions at U.S. Bank, to learn how the feature works and how it can help U.S. Bank customers this holiday season. Tinurelli is responsible for the digital marketing, acquisition, and strategy for U.S. Bank’s credit, debit, and prepaid cards.

How Location Services Works

All U.S. Bank credit and debit card customers can opt in for Location Services using the U.S. Bank Mobile App. Once the service is turned on, U.S. Bank Location Services can help determine if card transactions are legitimate by verifying that customer devices and their credit or debit cards are in the same location.

“What we’re using is the built-in Location Services available on your phone,” explains Tinurelli. “If the customer opts in, . . . we pull the phone a couple times a day, looking to see where the phone is.”

Using the mobile devices’ location as a guide, Location Services looks for transactions made outside the customer’s area. If a purchase takes place elsewhere, U.S. Bank is alerted and can reach out to the customer to verify the transaction.

Of course, this service works best for customers who keep their mobile phones with them as they shop.

The feature is available for both Android and Apple devices.

How Location Services Can Help You

U.S. Bank already monitors their customers’ transactions for fraudulent activity, and they flag suspicious transactions for review and customer verification. Location Services adds another layer of security and give transactions an additional hurdle to clear.

But the feature also adds convenience for holiday trips. Holiday travelers frequently make large purchases out of town, and this feature reduces the odds of getting declined or having to verify transactions.

Tinurelli says that whether customers stay home or travel, they can have more security and peace of mind—because if your card is used when you’re not near it, you’ll be covered.

Why Location Services Was Introduced

According to TInurelli, this new use of Location Services is a direct response to consumer feedback.

“One thing that you often hear from people,” says TInurelli, “is ‘I went away on vacation and the card company declined me.’ We took the feedback from our customers.”

The Location Services feature was initially tested with U.S. Bank employees and then introduced in a small customer rollout program. Following positive feedback, U.S. Bank decided to launch the service to their entire credit and debit card customer base.

“The holiday season is a busy time for everyone,” Tinurelli notes. “The U.S. Bank Mobile App offers consumers the convenience of being on-the-go while offering opt-in Location Services to help keep credit and debit cards secure while traveling here in the US and abroad.”

Credit card fraud and identity theft are more common today than ever. If you’re interested in learning how to protect yourself or in other credit cards with security features, you can find more information at Credit.com.

Image: jacoblund

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Study Finds Scammers Play on Older Adults’ Emotions

by Kent Allen, AARP, November 20, 2017|Comments: 0. Scammers Prey on Emotions. Getty Images. The intensity with which older people react to advertising may make them easier prey for scammers, a new study finds. Scam artists are looking to play on your emotions, and the older you are, the more cautious you need to ...
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Best 2017 Black Friday Deals for Consumers

Best Black Friday Deals We Know About So Far. Shoppers, you need a plan. by Shelley Emling, AARP, November 21, 2017|Comments: 0. Black Friday Deals. Istockphoto. Ready, set, buy! We found these Black Friday deals that could help your holiday shopping budget. Ready your credit cards, folks. Black Friday is nearly ...
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Thousands of ‘Black Friday’ Apps Are Frauds

by Kent Allen, AARP, November 21, 2017|Comments: 0. Black Friday Apps. Carmen Murillo/Getty Images. RiskIQ found more than 30,000 apps linked to URLs with malicious characteristics. Nearly 1,500 Black Friday apps, ostensibly geared toward helping consumers navigate the busiest shopping day of the year, are ...
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