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News Library - August, 1999

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GenXers Max Out August, 30, 1999

Gen X-ers carry $2,021 in credit card debt and are the most leveraged age group of American consumers. The figures comes from new research conducted by Scudder Kemper Investments. more

Blue SkyMiles August, 30, 1999

For Delta's frequent flyers it's nothing but blue sky. Starting this week Delta Air Lines SkyMiles will no longer expire. The decision comes on the heels of similar adjustments made in programs run by United Airlines and American Airlines. more

First USA Surrenders August, 26, 1999

Bank One's First USA credit card unit revealed yesterday that it will not grow as fast and will not produce as much profit as anticipated this year. The news sent shock waves through the industry and the stock market this week. more

Rate Hike II August, 25, 1999

They did it again! And they'll continue to do it until they drive inflation away. For the second time in two months The Federal Open Market Committee voted to raise its target for the federal funds rate by 25 basis points to 5-1/4 percent. more

Cafe Card August, 25, 1999

It's the newest breed of Java cards. No, not the Sun Microsystems kind, but a real payment card for real java. Borders Cafe Espresso introduced an electronic gift card this week. more

Speedpass Sweepstakes August, 24, 1999

Mobil and Major League Baseball have teamed up to offer an opportunity to win a trip to the '1999 World Series'. Customers who enroll in the free Mobil 'Speedpass' program between now and Oct. 1 will be automatically entered in the sweepstakes. more

Gold Points Card August, 24, 1999

National Car Rental is joining the 'Gold Points' program this fall. All U.S. National Car Rental locations will award 'Gold Points' at a rate of 350 'Gold Points' per rental day. 'Gold Points' is a card-based, consumer loyalty program offering awards ranging ... more

260% Interest? August, 19, 1999

Where can you borrow $100 for an effective, annualized interest rate of 260%? Try your bank credit card ! Credit card cash advance fees are soaring. Five years ago most card issuers charged a cash advance fee of 2.0% with a $2.00 minimum. more

Pokemon Smart Cards August, 18, 1999

It's the biggest smart card program to be launched in the USA. It also promises to be the most fun! Nintendo of America Inc. announced this week it will distribute smart cards for its new 'Pokemon Snap' video game. more

Alaska Air Platinumized August, 17, 1999

Joining the fast moving trend of platinumizing airline co-branded credit cards is Bank of America's 'Alaska Airlines VISA' program. Cardholders of the new 'Alaska Airlines VISA Platinum' card will receive 5,000 bonus miles after opening an account, 1,000 ... more
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