CardTrak.com - News Archive

Tiny Issuers May, 31, 2002

While the ten largest issuers control more then three-quarters of the total bank credit card market, there are thousands of tiny players successfully competing. Based on issuer date for the first three months of this year, average balances and volume for ... more

Corvette Card May, 30, 2002

General Motors and Household Bank are revving up to put some more horsepower into their MasterCard program. Next month, Household and GM will unleash the first-ever officially licensed Corvette MasterCard. more

Debt Fever May, 29, 2002

After years of maxing out credit cards, the debt fever appears to be subsiding among Americans. New surveys show that Americans are getting better with debt management, smartly shop for credit cards by interest rates, and do not consider bankruptcy as a ... more

Privacy vs. Rates May, 28, 2002

A new study suggests that proposed opt-in privacy regulations could drive credit card interest rates higher. The study says the intense rate competition over the past decade was driven, in part, by information-based strategies used by card issuers, ... more

Card Leaders May, 24, 2002

The fastest growing bank credit card issuers in the US are not traditional banks, but retailers. Target is leading the way as the fastest growing VISA issuer while Sears is leading the MasterCard pack. more

Discover Hike May, 23, 2002

Credit card costs continue to spiral upward this year as another major issuer ramps up interest rates. Discover now joins Citibank, Chase, and Providian in raising APRs this year even though the Feds have not dickered with interest rates since December. more

Bankruptcy Rush May, 22, 2002

As U.S. House-Senate bankruptcy conferees convene today for a final debate over amendments to bankruptcy reform legislation, Americans are flooding the courts with bankruptcy petitions. During the first three months of this year, 379,012 bankruptcy petitions ... more

ONE Account May, 21, 2002

The next battleground for credit cards is not perks or pricing, but rather, relationship. As banks evolve into one-stop financial service supermarkets, American Express wants to be a player too. more

Late Fee Bug May, 17, 2002

The late fee bug has bitten more than half of all U.S. cardholders over the past twelve months. Since 1996, late fee revenues generated to bank credit card issuers has soared from $1.7 billion to $7.3 billion, annually. more

Summer of 2002 May, 16, 2002

Most Americans have shaken off travel concerns over 9/11, giving the leisure travel industry a much needed boost. However, many consumers are opting for shorter, "power" weekend trips. more

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News Library - May, 2002