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News Library - January, 2005

Super PrimeLock January, 31, 2005

About one out of ten consumers have received an invitation to apply for the Capital One "PrimeLock Platinum Card," a card prominently advertised on television and in magazines. The card, which carries an interest rate equal to the current prime rate and no ... more

Late Fees January, 28, 2005

Rising fees for making a late payment on a bank credit card are running out of steam, peaking at $39. During 2004, the increase in late payment fees slowed to its lowest level in more than a decade. more

Vending Lift January, 27, 2005

Credit cards and vending machines apparently go together like peas and carrots. A new study has found that Americans spend 76% more when using a credit or debit card for vending machine purchases. more

Online 2004 January, 26, 2005

Online consumer retail spending and online travel spending topped $117 billion last year, a 26% gain over 2003. During the recent holiday season, consumers racked up $15.8 billion in online retail sales and $7.8 billion in online travel sales, a 29% and 28% ... more

Perfect Score January, 25, 2005

If you have a perfect credit score then you can pick up a quick grand and get free credit alerts for the rest of your life. Starting next month, TransUnion's "TrueCredit" service will award anyone in America who has earned a score of 850 $1,000 and a lifetime ... more

Card Profits 04 January, 24, 2005

Credit card profits hit their highest level since 1988 during 2004, driven primarily by lower charge-offs and operating expense. The average pre-tax, return-on-assets for credit card portfolios last year is projected to reach 4.5%, compared 4.4% for 2003, and ... more

Wal-Mart Discover January, 21, 2005

The nation's retailing Goliath is jumping on the Discover Card network to offer its customers a general purpose credit card. Wal-Mart is teaming with GE Consumer Finance and Discover Financial Services to launch a new co-branded credit card on the Discover ... more

Great Digs January, 20, 2005

Move over private jets, American Express has added yet another upper crust benefit to its exclusive $2500 annual fee "Centurion" card program. Under a new partnership with Exclusive Resorts, AmEx "Centurion" cardholders will have access to more than 150 ... more

United.com Bonus January, 19, 2005

If you hold one of United Airline's "Mileage Plus VISA" cards then you're in a position to accumulate a ton of status qualifying and redeemable miles this year. Under the new program for 2005, cardholders will earn "Elite Qualifying Miles" and double ... more

Prepaid Status Cards January, 18, 2005

If you are willing to shell out $20,000 for prepaid travel on United for the next year, then you will earn United's most elite frequent flyer level. United Airlines has unveiled three prepaid travel cards that enable consumers to buy "elite" status. more