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2001:

News Library - 2001

Card Debt August, 31, 2001

Americans now carry an average credit card balance of $8,488 per household, at mid-year 2001. Considering that 85% of this amount accrues interest, at an average rate of 15%, the average U.S. family is shelling out more than $1,000 per year in debt service ... more

VISA PASSWORDS August, 30, 2001

Using credit cards to make purchases online will be a more secure process this fall as the new Verified by VISA program takes effect. The new program enables VISA card issuers to validate the identity of their cardholders in real time, with passwords, during ... more

THE SURGE August, 29, 2001

More than 400,000 personal bankruptcies were filed during the second calendar quarter of 2001, the highest number ever filed in one quarter. The surge is partially driven by impending legislation to change the bankruptcy laws. more

GOLF CARD August, 29, 2001

For three hundred bucks a year you expect a lot from a credit card. The new Diners Club Carte Blanche Card has now created an exclusive golf access package for the well heeled. Executive Golf Club gives cardholders access to more than 200 of the world's most ... more

TODAY SHOW August, 24, 2001

CardWeb.com's CEO, Robert McKinley, and three of his children, will be interviewed live on NBC's Weekend Today Show this Sunday, August 26 to discuss the challenges of managing a business that employs family members. The Today Show interview was prompted by a ... more

Rate Damper August, 22, 2001

Credit card rates have declined significantly this year, but not as significantly as the prime rate. This week's prime rate decline, from 6.75% to 6.50%, will not be passed on to many cardholders due to the pricing policies of some issuers. more

High Altitude Cards August, 20, 2001

Chase and Continental Airlines are set to take-off with a new set of credit cards offering real snob appeal. The new World MasterCard and VISA Signature editions of the Chase/Continental OnePass credit card offer the highest level of level concierge services ... more

Amtrak Mastercard August, 16, 2001

The new MBNA Amtrak Guest Rewards MasterCard is now on track after Amtrak unhitched the Amtrak smartrak rewards VISA card issued by Capital One. The new co-branded card ties into the Amtrak Guest Rewards loyalty program which was launched last November. more

Card-Fil-A August, 15, 2001

The second largest quick-service chicken restaurant chain in the USA is gearing up to take credit cards. Chick-fil-A is now testing credit card acceptance in a few of its western restaurants. more

Pennies Galore August, 14, 2001

An Alaskan man is slowly becoming penniless after unloading tons of coins into a green Coinstar machine in an Anchorage supermarket. It took fifty-seven year old Sylvester Neal nearly 27 hours to cash in 792,141 pennies which weighed more than five tons. more

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