More than 60 million cardholders have had their credit limit slashed over the past few years, and with credit card defaults still in record territory, card issuers are likely to continue to tighten lending standards.

The new rules for credit card statements aim to provide greater transparency around the true cost of credit card usage and the effects of different payment choices to help cardholders make more educated choices.

In today's fast-paced society, the ability to manage your finances on the go is more valuable than ever. Thanks to a selection of free iPhone apps from several major credit card issuers, it's easier than ever to manage your cards.

Cash is so wonderfully simple: what you see is what you get. Or rather, what you take out of your wallet is what you spend. When it comes to credit cards, this is not necessarily the case.

Common wisdom has it that credit card issuers base their decisions about both new credit card applications and term changes to existing accounts mainly on credit scores.