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News Library - March, 2004

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Financial Needs March, 16, 2004

A new research report has found that nearly two-thirds of Americans prefer to have all their eggs in one basket when it comes to their financial needs. However, the study found that 77% of consumers currently use a credit card from a financial institution ... more

Robust Credit March, 15, 2004

This year came in like a lion, as the pace of revolving credit picked up substantially in January. Americans added $5.4 billion in revolving credit in the first 31 days of 2003, compared to $3.1 billion for January 2002. more

Card Colors March, 12, 2004

The range of card colors is heading down scale from gold, platinum, and titanium, to bronze and silver cards. This week, Citibank introduced the "Citi Bronze AAdvantage MasterCard" for frequent travelers, and Household Bank/Orchard Bank is currently promoting ... more

Citi Secured Card March, 11, 2004

The nation's largest credit card issuer is now targeting Asian and Hispanic immigrants who have little or no credit history with a new credit card. The secured "Citi MasterCard" is linked to an 18-month CD and requires annual income of at least $8,000. more

Late Fees March, 10, 2004

After doubling between 1994 and 1999, increases in late payment fees on credit cards has slowed considerably. During 2003, the increase in late payment fees slowed to its lowest level in more than a decade. more

35% Gold March, 9, 2004

Notwithstanding a current 4% prime rate, you could pay an APR as high as 35% for a major credit card. Miss payments and the rate could go as high as 41%. CompuCredit and Columbus Bank & Trust have restarted marketing of the "Aspire VISA Gold," targeted at ... more

Card Influence March, 8, 2004

A new survey has found that online marketing and Web sites have a dramatic impact on the further learning and purchase decision phases of the consumer purchase process. Furthermore, in the credit/banking segment, Web sites ranked as the "most influential," ... more

Credit-O-Meter March, 4, 2004

Americans appear to be doing okay when it comes to credit utilization, as the overall national average credit score now sits at 678, on a scale from 330 to 830. Based on credit bureau data, less than 17% of Americans use more than 50% of their available ... more

Space Rewards March, 3, 2004

American Express is taking its "Membership Rewards" program above the stratosphere and into the mesosphere with a new option to redeem points for space flight experiences. For 20 million points you can reserve a seat for a ride aboard a sub-orbital spacecraft ... more

VISA ARI March, 2, 2004

Starting this week, if you carry any US-issued VISA credit card you will benefit from automatic "Auto Rental Insurance." The VISA "ARI" benefit, also known as "Collision Damage Waiver" coverage, was previously limited to "Gold" and "Platinum" VISA cards. more
Showing entries 11 - 20 of 20 Previous [ 1 2 ] Next