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News Library - September, 2006

Card Delinquents September, 29, 2006

Based on total dollars past-due, credit card delinquency declined in the second quarter to its lowest level for a second quarter since 1994. However, based on the number of accounts, the figure edged up very slightly to 4.41% from the prior quarter, but ... more

JetBlue Biz Card September, 28, 2006

JetBlue Airways has added another American Express card to its fleet with the introduction of the "JetBlue Business Card." The new card will offer small business owners an automatic 5% discount on JetBlue flights, plus one "Award Dollar" on all purchases. more

Best Buy MasterCard September, 27, 2006

Consumer electronics giant, Best Buy, has expanded its "Reward Zone" program with the launch of a new credit card. The new "Best Buy Reward Zone MasterCard" offers rewards of 4% on Best Buy purchases and up to 2% on purchases made elsewhere. more

Toy ATM September, 26, 2006

Parents can teach financial literacy via a hands-on toy ATM that deposits and dispenses real dollars. Kids simply insert the provided ATM card into the toy ATM, key in their PIN, are greeted by name on the electronic display, peer into the pretend security ... more

Bankruptcy Pace September, 25, 2006

Bankruptcy filings took a slight turn south in August but still are averaging about 14,000 per week compared to approximately 8,000 filings per week six-months ago. One-year ago filings averaged 35,000 per week level, prior to the full implementation of the ... more

Holiday Sales September, 22, 2006

Total holiday retail sales are expected to increase this year but at a slower pace than 2005. The figure is expected to hit $457.4 billion a 5% increase over last year. The National Retail Federation says holiday sales in 2005 rose 6.1%. more

Rate Burn September, 21, 2006

Even though gas prices are falling and consumer optimism is rising the Fed held the line on short-term interest rates this week. Regardless, credit card interest rates continue to climb with punitive rates among the top issuers hovering at an unprecedented ... more

SkyPass Signature September, 20, 2006

Korean Air and U.S. Bank have upgraded their "SKYPASS VISA" program to the "VISA Signature" level. "Signature" cardholders receive double miles on Korean Air ticket purchases, annual renewal bonus miles, two Korean Air VIP lounge coupons and a $100 discount ... more

Freedom Card September, 19, 2006

A new rewards credit card for switcheroos has been launched by the nation's second largest issuer. The "Chase Freedom VISA" enables cardholders to seamlessly change between cash back and points. more

July Debt September, 18, 2006

Revolving consumer credit soared to a record of more than $840 billion in July. Based on revised figures revolving debt rose 13% in both May and June. However, the growth slowed down to an annual rate of 3.4% in July. more