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News Library - December, 2002

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Shift Happens December, 23, 2002

ISA, MasterCard, and Discover, all posted gains in U.S. credit card market share during the third quarter at the expense of American Express. Card activity at AmEx, the king of business cards, has slowed in the wake of a sluggish economy, to an annual growth ... more

Skewed Scores December, 20, 2002

Inaccurate information in your credit bureau file may be costing you a bundle in higher interest rates. A new consumer study of the three major credit bureaus found that 29% of Americans have credit scores with a range of at least 50 points, while 4% of the ... more

Bankruptcy Boomerang December, 19, 2002

The magnitude of bankruptcy in the U.S. over the past year is mind-boggling as both big corporations and little people hit the door. This week's filing by Conseco Finance, last week's filing by United Airlines, and the record number of personal bankruptcy ... more

Xmas Crush December, 18, 2002

While holiday retail sales are up modestly this year, there may be a last-minute surge during the final week. A recent survey found nearly one in four Americans will be rushing to complete their gift shopping during the last week. more

Mascot Contest December, 17, 2002

Only four days remain before the nation's sixth largest issuer of bank credit cards and ESPN begin to determine the "National Mascot of the Year" for college football. Capital One's online poll will end this Friday evening as fans conclude voting among twelve ... more

PayPass December, 16, 2002

MasterCard has launched a new card product that enables consumers to simply "tap" or "wave" their payment card on a specially equipped merchant terminal that then transmits payment details wirelessly, eliminating the need to swipe the card through a reader. ... more

FICO Gift December, 13, 2002

With a fickle economy, what could be more thoughtful this holiday season than to give someone their "credit score." The company that writes the programs to quantify consumers' credit worthiness, announced this week it will now offer the option of gifting ... more

Cash Rewards VISA December, 12, 2002

The proliferation of cash reward credit cards continues as U.S. Bank introduces the "U.S. Bank Cash Rewards VISA Credit Card." The card offers a rebate tiered so customers earn a 0.25% rebate on the first $1,000 spent, 0.50% on the next $1,000, 0.75% on the ... more

Late Fees Slow December, 11, 2002

For the first time in more than ten years late fees have stopped climbing. During November, fees for late payments remained flat at $30.04. The most common late fee now charged by U.S. issuers is $29 with many of the top issuers now assessing a $35 fee on ... more

Universal Card December, 10, 2002

The ultimate entertainment rewards MasterCard has been launched by Chase. The new "Universal Entertainment MasterCard from Chase" offers cardholders the opportunity to redeem reward points for unique Hollywood experiences, including tickets to celebrity ... more
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