As record numbers of Americans suffer from identity fraud while banks and merchants are getting hacked, the credit-card industry is providing a new security system for the cardholder. Retailers, banks and card companies are moving from magnetic strips on credit and debit cards to a chip and PIN card system, which is used in Europe.

It’s no mistake, this credit card’s interest rate is 79.9 percent. The bloated annual percentage rate is how First Premier Bank, a subprime credit card issuer, is skirting new regulations intended to curb abusive practices in the industry. It’s a strategy other sub-prime card issuers could start adopting to get around the new rules.

Having a “Good Mix of Credit” is basically ten percent of your FICO score – so what does that mean exactly? Contrary to popular belief, it does not mean that you should have an AMEX, Visa, MasterCard, and Discover Card. Instead it means that you should have different types of credit lines open to improve your credit score.

This holiday season, retailers may nudge you a little harder to sign up for their store credit cards. Perks could include discounts of 10% or more on your first purchase and introductory offers that allow you to delay payments, interest or both.

Part of rebuilding your credit is proving that you can pay your bills on time. If your bad credit episode left you without any credit cards, you’ll have to open new ones.