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2002:

News Library - 2002

Flightfund Expands March, 13, 2002

More airline credit cards are reaching out to small business as air travel remains soft. America West Airlines and Bank of America introduced the FlightFund VISA Business Card. American Airlines, Delta, Northwest, US Airways, and Alaska Airlines now offer ... more

Sluggish Start March, 12, 2002

True to their New Year resolutions, Americans have begun to slow down on credit card debt. During January, consumers added a mere $1.2 billion to revolving debt, compared to $6.9 billion one year ago. more

Lenticular Card March, 11, 2002

A new credit card design has hit the market which appears to have moving images. The new lenticular credit card is being issued by North Carolina-based Lowe's Home Improvement Warehouse. more

Online Payments March, 8, 2002

About one third of cardholders who surf the Internet have paid their credit card bill online. This week, Discover launched a sweepstakes to encourage more cardholders to click and pay their account online. more

Minimum Payments March, 7, 2002

Among the 60% of American cardholders who do not pay off their credit card balance each month, nearly half made just the minimum payment due last month. This means that about one out of four cardholders in the USA now make minimum payments. more

Net 1st Dies March, 6, 2002

The worst credit card in America is dead . . . for now. The Net 1st MasterCard, issued to new "credit-challenged" cardholders with a $500 balance and a $500 credit limit, bit the dust as banking regulators shut down the issuer, Florida-based Net First ... more

On Target March, 5, 2002

Target's new smart VISA card has gone from zip to 2.5 million cardholders in less than five months, becoming the third largest issuer of smart credit cards in the USA, just behind American Express and Providian. Since the launch of the VISA program in ... more

Fee Climb March, 4, 2002

Average late payment fees on credit cards will climb by 3% this month, the largest one month jump in the industry's history, as more issuers raise fees above the $29 level. U.S Bank recently joined the trend in the wake of fee increases by MBNA and Discover, ... more

Rate Range March, 1, 2002

Interest rates on bank credit cards have widened as a result of the eleven rate cuts by the Feds last year. Card rates, after the introductory periods, now range from 4.75% to 35.00%, the widest spread ever. more

Card Crams February, 28, 2002

It's bad enough getting a telemarketing call from your credit card company just as you sit down to a nice, hot, steak dinner. However what really drives you nuts is being charged for products and services offered by the telemarketers, that you did not ... more

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