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News Library - July, 1999

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1999 VISA Magic Moments July, 30, 1999

VISA Magic Moments Return this year! For consumers the contest will basically be the same as last year's, each day from November 1 through December 31, VISA will randomly select a one-second moment when U.S. issued VISA card purchases are free, regardless of ... more

Not Best Cardholders July, 29, 1999

Consumers who signup for credit cards on the Internet are not ideal cardholders says J.D. Power. A forthcoming study by J.D. Power and Associates concludes that consumers who apply for a credit card through the Internet carry higher balances but are more ... more

Loose Change July, 28, 1999

A new survey estimates that $7.7 billion of out-of-circulation change is sitting in American households. According to the "Coinstar National Currency Poll - A Periodic Look at Americans and Their Money", the typical American consumer has a stash of change ... more

Breaking Ground July, 27, 1999

As most major card issuers have jacked up late payment fees and over-limit fees to $29, South Dakota-based Green Tree Retail Services Bank has taken its fees to the $30 level. Like the 19.80% fixed interest rate of the 1980's, the $29 late fee and over-limit ... more

Sears Premier Card July, 26, 1999

Sears, Roebuck and Co. wants to reward its best customers with the 'Sears Premier Card'. The new program is designed to recognize and reward customers who have made 'Sears Card' purchases totaling at least $600 in the previous 12 months. more

Elvis is Back July, 24, 1999

The King has returned! The Elvis Presley credit card has been resurrected! Elvis Presley Enterprises Inc. announced this week that it has signed an affinity card deal with MBNA America to issue the official 'Elvis Presley' credit card. more

Computer Error July, 23, 1999

In the continuing story of Providian's credit card woes, the issuer said this week that recent cardholder lawsuits were primarily related to a "programming error" it recently identified. Providian says the "programming error", which occurred over a period of ... more

PocketCard July, 22, 1999

An Illinois firm and a secured card specialist unveiled an innovative business card program yesterday for companies that frequently provide cash advances or reimburses employees for expenses. PocketCard, Inc. is offering the new VISA card which enables ... more

Emerald Card July, 21, 1999

Thought you've heard of every card color possible? No way! This week MBNA America, one of the nation's top five card issuers, is hitting up the mailboxes of Irish Americans with the new Emerald Platinum Plus MasterCard. more

Providian Sued Again July, 15, 1999

Already facing class action lawsuits from consumers and shareholders over its credit card practices, San Francisco-based Providian is now facing another lawsuit from crosstown rival NextCard. NextCard announced it has filed suit against Providian Financial ... more
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