Response rates to direct mail credit card offers slipped this year, plummeting to a record low of 0.2%. However, the volume of solicitations continues to hit record highs. For the first quarter, Americans received 1.7 billion credit offers in the mail ...
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A new survey has discovered that a gift card or gift certificate topped the list as the third most popular gift among dads for "Father's Day." The Discover Card survey also found that a meal out at a restaurant ranked as the second most-popular gift among ...
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The spring spending bug has invaded American wallets as revolving consumer credit jumped to nearly $807 billion in April, a new record. On an annual basis, revolving consumer credit, mostly credit card debt, is growing at a 4.5% clip.
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Renowned Austrian watchmaker LAKS has introduced the world's first watch equipped with MasterCard's "PayPass" contactless payment feature. The new analog watch was created in collaboration with Taiwan's Chinatrust Commercial Bank and On Track Innovations.
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Maine-based TD Banknorth is rebating any fee charged by any bank in the world when customers use its new "No ATM Fees VISA Card." The new card is being introduced in the New Jersey, Connecticut, Pennsylvania and Metro New York markets as part of the company's ...
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Consumer and business bankruptcy filings imploded during the first quarter, dropping to a record low of 116,771 petitions. The figure was about one-fourth the level of year-ago filings.
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Monthly payment rates, the amount that cardholders pay on their credit card debt, soared in April setting a new industry record. Driven by higher minimum payments, the monthly payment rate was nearly 100 basis points over the prior record set in February.
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South Dakota-based Fishback Financial Corporation is set to roll-out the "Revel MasterCard" next week. The new card is a prepaid card and already has 61 retail locations lined up to distribute it.
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Office Depot, with more than 1,000 retail stores in North America, is launching a new loyalty card this week. The new "Worklife Rewards" card offers a guaranteed 5% back to frequent buyers who spend at least $200 on qualified purchases during a reward period.
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A new study has found that consumers have increased their debt by 3.6% last year after increasing 8.6% in 2004. Over the same two-year period, minimum monthly payment obligations have increased by 10%.
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