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News Library - February, 2007

Gift Card Malls February, 28, 2007

A new survey has found that 22% of adults purchased cards at a gift card mall this year, up from 14% in 2006. The poll also reveals that 60% of recipients have redeemed all of the gift cards they received in the past holiday season. more

No-Hassle Cash-Back February, 27, 2007

Capital One has launched a cash-back credit card building on its popular "No Hassle Rewards" product line. The new "No Hassle Cash Rewards" card offers one percent cash back on all purchases, plus a 25% annual bonus on the total cash back earned. more

Bonus SkyMiles February, 26, 2007

More zip has been added to the "Delta SkyMiles Cards" from American Express. Consumer and small business cardholders can now earn more bonus miles depending on the amount of purchases made during the year. more

Free Credit Reports February, 23, 2007

The Federal Trade Commission and Experian Consumer Direct have reached a settlement in a dispute over the marketing of free credit reports. The FTC says the "free credit report" offer failed to disclose adequately that consumers who signed up would be ... more

Irrelevant Mail February, 22, 2007

A new survey has found that 88% of financial consumers claim to receive regular communications for products and services that are not directly relevant to them and their circumstances and 58% claim to regularly receive communications selling them products and ... more

Card Mail February, 21, 2007

U.S. consumers received nearly 8.0 billion direct mail credit card solicitations last year, a 30% increase over the prior year. The gain was about double the growth rate of 2005 even though response rates are hovering at 0.3%, according to CardWatch(R) ... more

Orvis Card February, 20, 2007

Mail order king Orvis Company and Chase have launched a co-branded credit card. The new "Orvis Rewards VISA" offers five points per dollar spent on all purchases at Orvis and one point per dollar for all other card purchases. more

Fat Wallets February, 16, 2007

More than one in ten consumers have more than 10 credit cards in their wallets. However the overall average number of credit cards per consumer is four. An analysis of Experian's latest nationwide survey also found that 51% have at least two credit cards; ... more

Student Debt February, 15, 2007

A recent survey found that more than half of college students accumulated more than $5,000 in credit card debt while in school. Of the 13,000 respondents, one-third piled on more than $10,000 in credit card debt while in school. more

V-DAY SPEND February, 14, 2007

Americans will charge more than $5 billion for "Valentine's Day" purchases this year, compared to $4.2 billion for 2006. Totally, consumers will shell-out nearly $17 billion for the holiday in 2007, compared to $14 billion last year. more