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2002:

News Library - 2002

Daddy's Day June, 14, 2002

Nearly two-thirds of Americans, mostly females, will be shelling out less than $25 for a Father's Day gift this weekend. Historically, dads have always gotten the short end of the stick. more

Praying Off Debt June, 13, 2002

A Bishop in the Mount Carmel church in Norfolk, Virginia has called for the end of the evils of credit cards and has held "Debt Revivals" to destroy the credit card debts of its members. During the past year, more than 1,000 church members have cut up their ... more

Deadbeat Retreat June, 12, 2002

The number of American cardholders paying off credit card balances in full each month, often sarcastically referred to as "deadbeats," continues to decline after a steady increase in each of the past 20 years. This is good news for card issuers as more ... more

PIN Pong June, 11, 2002

Slowly, but surely, American consumers are getting drawn into the fight between debit card issuers and merchants. By using your VISA or MasterCard-branded debit card like a credit card you can rack up air miles as well as automatically participate in ... more

Ghost Story June, 10, 2002

The U.S. Supreme Court has decided not to review the Second Circuit Court of Appeal's decision upholding a grant of class certification in the antitrust lawsuit brought against MasterCard and VISA by a group of U.S. merchants. The so-called Wal-Mart debit ... more

Disney Visa June, 7, 2002

Mickey Mouse is finally getting a credit card! Early next year, Disney will parade its first VISA card into the market, offering a rewards program plus special Disney promotions. The Walt Disney Company confirmed this week it has signed a multi-year deal ... more

Car Cards June, 6, 2002

While store credit cards are being cannibalized by bank credit cards, car manufacturers are gearing up to launch their own proprietary credit cards. This summer, Saturn and Ford will hit their showrooms with take-one offers for cards that allow you charge ... more

Fat Cats June, 5, 2002

The big gap between what banks pay for money and what they charge for loans, including credit cards, has produced some fat and juicy profits. In the first three months of this year, the banking industry's return on assets, a basic yardstick of earnings ... more

Squeaky Wheel June, 4, 2002

When it comes to getting a late fee dropped, it pays to squeak. Credit card issuers are notorious for slamming you with a late fee for being a few hours or one day late. However, consumers who call and complain about a payment that arrives a few days late ... more

Double Points June, 3, 2002

American Express launched its first-ever double points Membership Rewards promotion centered around the business-to-business category. Through July, AmEx is offering OPEN Small Business Network cardholders the option to earn double Membership Rewards points ... more

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