Consumer Card and Financial Help for Grads – Friday, June 26, 2015
Credit card breaches:
- Neiman Marcus – 500,000 customers
- Michaels – 2.6 million customers
- Home Depot – 56 million customers
- Staples – 1.6 million customers
Credit/debit card breaches will hopefully be a thing in the past. That is because millions of cards in the U.S. will be replaced offering higher security. A big change is going to happen inside your wallet. Magnetic strip debit and credit cards will be a thing of the past. Cards with a computer chips or EMV cards will be the standard. Banks are doing this in an effort to combat fraud. U.S. banks spend billions of dollars each year paying back consumers who have been effected by fraud.
Many recent college grads are finding out how important credit can be as they head out into the world. It is just one of the many new responsibilities facing them. Whether you are lucky enough to land a job or still looking here are some tips to help get you going right out of the gate.