CardTrak.com - News Archive

Card Delinquency June, 30, 2003

Based on total dollars past-due, credit card delinquency is holding steady compared to year-ago levels and has declined since the end of 2002. However, based on the number of accounts past-due, delinquency is up from 3.88% one year ago to 4.07%. more

Pocket Change Card June, 27, 2003

Those mean green coin counting machines in supermarkets nationwide may soon provide access to a prepaid MasterCard. A pilot has been launched in Houston and Las Vegas whereby consumers deposit coins or cash to a Coinstar machine, receive a printed receipt for ... more

Uncarded Americans June, 26, 2003

All of the elements of a "cash-less society" are in place except for people. At least 50 million adults in the USA do not possess a credit card and nearly 10 million U.S. households do not have a bank account. more

Zero Offers June, 24, 2003

With today's anticipated interest rate cut, some credit card issuers are already extending their rates beyond a full year. This month, Fleet Bank has unleashed a "Platinum VISA" with a 0% APR on purchases through September 2004. more

Rate Cut June, 23, 2003

There is a growing consensus that the Federal Reserve will cut interest rates this week even though the federal funds rate is already sitting at a 45-year low. Unfortunately, the impact of a prime rate cut on credit card interest rates will be minimal. more

Hulk MasterCard June, 20, 2003

Universal and Chase are pumping up a new rewards MasterCard in conjunction with today's movie release of "The Hulk." The collectible "Universal Entertainment MasterCard Hulk Limited Edition from Chase" is made of signature green plastic and will be available ... more

Reward Penalties June, 19, 2003

It's bad enough getting hit with a fee, and possibly a higher interest rate, for making a late payment on your credit card, but many card issuers may also take your points or air miles and hold them hostage, or worse, cancel them. Diners Club is the latest ... more

Fee Escalation June, 18, 2003

After a brief pause at the $35 level, late payment fees and over-limit fees have resumed their climb upward. The nation's second largest issuer is now assessing cardholders, with balances over $1,001, a $39 late fee and a $39 over-limit fee. more

Vegas VISA June, 17, 2003

Sin City now has its own bank credit card, complete with a rewards program. The new "VEGAS.COM Platinum Plus Reward VISA" offers cardholders the opportunity to earn a round of golf at the Bali Hai Golf Club, a dinner buffet at the Bellagio, seats for ... more

VW VISA June, 16, 2003

Volkswagen is heading into a higher gear this summer after landing another issuer for its bank credit card program. The soon-to-be-released "Volkswagen Platinum VISA Card with Rewards" is a product of a relationship between Volkswagen of America and Bank One. more

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News Library - June, 2003