How to buy a new credit card from your bank
Credit card issuers are now using the same basic information to help determine which credit card brands to support.
The Federal Trade Commission (FTC) released a study in September that looked at the data of 2,818 credit card issuances from the third quarter of 2016 through the second quarter of 2018, and the companies found that consumers had a greater amount of credit cards with low to medium ratings than those with high ratings.
For example, the FTC found that for the third-quarter of 2016, the average credit card issuer with a rating of 3.5 stars was using a rating system that was more generous to issuers with low ratings.
This means that, when it comes to getting your credit card number, the companies are favoring the lower-rated cards.
The FTC also found that issuers that have lower credit scores were also less likely to offer credit card discounts, and they were less likely than those that had higher ratings to offer a card that offers free or low-cost auto loans, and other low-interest credit.
The findings have been criticized by some consumer advocates who have criticized the companies for favoring high ratings over lower ones.
“This is an issue of consumers choosing between having a high-quality credit card, which they can earn interest on, and a low-quality card that is not as attractive, and is more likely to make them feel guilty,” said Brian Lidholm, the executive director of consumer advocacy group Consumer Action.
“This means they are less likely and not as effective to apply for a credit card.”
For now, credit card companies are not required to report information on the scores of credit card applicants, but they are required to do so for other purposes.
The Commission has asked the agencies for a report on the study, and it has already published its findings.