CardTrak.com - News Archive

Charging Fast Food March, 31, 2003

Americans charged more than $6 billion worth of fast food to their credit cards last year compared to $3.7 billion in 2001. Since 2000, fast food sales on credit card have more than tripled even though slightly less than 15% of quick service restaurants ... more

Card Delinquent March, 28, 2003

The number of adult delinquents has hit an all-time record. Credit card delinquency, based on the number of accounts 30+ days past due, hit a high of 4.07% in the final three months of 2002. more

Sears Sale March, 27, 2003

Sears is having the sale of the century and its not Craftsman tools, DieHard batteries, Kenmore appliances, or Lands End clothing. Sears is looking to sell its credit card business to raise cash to get back to what it does best, namely, sell stuff. more

Credit Card Top 10 March, 26, 2003

A few of the nation's top issuers changed ranks during 2002. Providian and Direct Merchants slipped as the entire sub-prime credit card business fell on hard times due to the weak economy. more

RBC Smart VISA March, 24, 2003

The first smart VISA card in Canada has been launched by RBC Royal Bank. RBC is upgrading its "Gold Avion VISA" to the English "Platinum Avion VISA" or the French "Platinum Voyages VISA", and adding microchips to both platinum cards. more

Bankruptcy Reform March, 21, 2003

It's deja vu all over again as the U.S. House of Representatives this week passed bankruptcy reform legislation for the seventh time. In a vote of 315-113 the House passed H.R. 975 late Wednesday. more

Debit Cards 2002 March, 20, 2003

VISA and MasterCard-branded debit cards generated nearly half a trillion dollars in activity last year in the USA, an 18% increase over the previous year. The number of VISA and MasterCard debit cards hit 174.9 million at the end of 2002, an 11% increase over ... more

Credit Card APRs March, 19, 2003

Over the past two years the prime rate has been chopped in half but interest rates on bank credit cards have declined less than 8%. In March 2001, the average credit card interest rate was 16.16%, and the prime rate was 8.50%. more

Credit-to-Gift Card March, 18, 2003

A southeast bank has launched a VISA credit card offering rewards in the form of a "VISA Gift" card. The new "AmSouth VISA Rewards Card" rewards cardholders with points equal to 1% of card purchases. more

Gas Credit Cards March, 14, 2003

You can slice 5% to 10% off the prices at the gas pump by using a special VISA or MasterCard, but hurry as some of these deals end soon. The "Chase Freedom Card," the "MBNA/AAA Platinum Plus Diamond Advantage VISA," and the "Shell MasterCard from Citi" carry ... more

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News Library - March, 2003