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News Library - November, 1999

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Xmas 99 Sales

Mirror, mirror on the wall, tell how much consumers will spend after all. The world of holiday guesstimates was unleashed this week. Amazon.com says consumers will spend $8 billion online for the holidays. more

Xmas 99 Card Usage

American consumers will rack up a record $126.5 billion on credit and debit cards this holiday season. General purpose credit cards (VISA, MasterCard, Discover and American Express) will account for $92.6 billion of the total holiday charges. more

MasterCard Gift Cards

Prepaid gift cards from MasterCard are now available from a Newport Beach, CA-based firm called CardEx Incentives. The company released a special Millennium MasterCard GiftCard and two other holiday-themed MasterCard GiftCards this week. more

Fed Xmas Gift

Credit card rates continue to march up. For the third time this year the Federal Open Market Committee voted to raise the federal funds rate to 5.5% and the Federal Reserve Board of Governors approved an increase in the discount rate to 5%. more

Xmas Online

Computer keyboards and credit cards will be smokin' this holiday season. VISA says more Americans plan to shop online this holiday season than ever before. Fifty-five percent of respondents to a VISA survey said they plan to shop online for gifts this ... more

Instant Chase

While some card issuers are now offering very quick approvals online, a few issuers have taken it a step further with instant credit. Chase Manhattan and ShopNow.com announced this week they have teamed up to launch the ShopNow.com MasterCard from Chase. more

Biz Card Winners

Twenty lucky business owners will have their business card balances paid off at the start of 2000. American Express announced the Corporate Optima Card Millennium Sweepstakes this week that will wipe out outstanding card balances, up to $20,000, of twenty ... more

Digital Wallet Winners

Somebody is going to win a $1 million VISA card on New Year's Eve! America Online and e-Visa launched a new sweepstakes that will make one online shopper an instant millionaire. Online shoppers who sign up for Shop@AOL's Quick Checkout digital wallet with ... more

Credit Bureaus & Y2K

Will Y2K clean your credit slate? It could, but unlikely. Nevertheless it is prudent to get a paper copy of your credit bureau report between now and the end of this year. Then request another copy in January or February to make sure all is well. more

Phone Card Ripoffs

What you see is not what you get when it comes to any type of phone card. Several months ago a senior CardWeb.com executive was charged by AT&T $11.86 for a one minute phone card from Australia when the prevailing rate is 53 cents per minute. more
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