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News Library - September, 2003

Card Delinquency September, 30, 2003

Credit card delinquencies, based on total dollars outstanding, edged up slightly to 4.51% during the second quarter, and remain well above last year's second quarter delinquencies of 4.08%. However, the number of past-due credit card accounts fell slightly to ... more

Do Not Call on Hold September, 29, 2003

The new "National Do Not Call Registry" will most likely not go into effect this Wednesday as expected, despite the best efforts of the Federal Trade Commission and Congress. However, consumers can continue to register their phone numbers in the database even ... more

Car Card September, 26, 2003

A small credit card firm has launched a big promotion to reward cardholders. Arizona-based Eufora is offering brand new $30,000 cars to its 100,000 "Eufora MasterCard" cardholders in a monthly sweepstakes. more

Best Student Cards September, 24, 2003

More than half of Americans prefer that college students use prepaid payment cards instead of debit cards or credit cards. Only 14% of consumers believe credit cards are best suited for students, while 34% favor debit cards. more

Pizza Card September, 23, 2003

The first gift card to be issued by a national pizza delivery restaurant company was launched this week. Pizza Hut rolled-out the new prepaid card at more than 5,200 participating locations in the USA. more

Hip Hop Card September, 22, 2003

Hip-hop music mogul Russell Simmons, and his hip-hop socialite wife, Kimora Lee Simmons, have teamed to roll-out a prepaid VISA card. The new pink "Baby Phat Prepaid Rush VISA" offers rebates of up to 10% off merchandise at Baby Phat Fashion stores. more

Sharebuilder VISA September, 18, 2003

The first online brokerage to offer a VISA card with cash rewards that are deposited directly into customers' accounts for automatic reinvestment has been launched. ShareBuilder Securities Corporation and Bank One have teamed to launch the "ShareBuilder ... more

Mortgage Cards September, 18, 2003

Ever wonder why there are so few banks offering credit cards linked to home equity loans? A new study shows that consumers are generally not motivated to use them and that banks are concerned about the risks associated with issuing cards carrying very high ... more

Mid-Year Card Activity September, 17, 2003

Credit card volume in the USA is currently growing by 4.8%, with American Express leading the charge with a 10.1% annual growth rate. The level of activity on credit cards matches the increase in overall U.S. consumer spending. more

Card Race September, 13, 2003

In terms of cards issued, VISA has picked up a slight lead again in the U.S. credit card horse race, after falling behind MasterCard for three consecutive quarters. However, based on the number of domestic credit card accounts, MasterCard has widened its lead ... more

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