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News Library - July, 2007

May Debt July, 13, 2007

Consumer revolving credit jumped significantly in May following a pancake in the prior two months. Americans racked up $7.2 billion in net new revolving debt in May after tagging on about $200 million in April. more

Sin City Card July, 12, 2007

A new MasterCard offers cardholders the ability to earn "Frequent Vegas Points" redeemable for hotels, shows and Vegas merchandise. The "Barclays VEGAS.com MasterCard" earns points on every purchase and double points for purchases on VEGAS.com. more

Ace Tickets July, 12, 2007

Consumers in New York, New Jersey and Connecticut have a shot at scoring free professional tennis tickets. Chase is turning its 800 branches and 2,300 ATMs in the New York-state area into instant-win machines that will dispense receipts and game pieces good ... more

Out of Balance July, 11, 2007

A new survey has found that consumers paid about $17.5 billion in fees for $15.8 billion in abusive overdraft loans. In addition, the report finds that debit card overdrafts are now the single largest source of overdraft fees. more

WNBA Official Card July, 11, 2007

The "Discover Card" is now the official credit card of the WNBA and will be the official presenting partner of the "2007 WNBA All-Star Game." The "Discover Card" will be presenting a series of pre-game activities for children during the week leading up to the ... more

LUV Notes July, 10, 2007

A Valentine’s Day contest that coincided with the introduction of an improved and expanded airline credit card product has earned two couples a free Las Vegas vacation. Southwest Airlines and Chase this week announced the grand prize winners of its ... more

Debt Logistics July, 10, 2007

An online tool specifically designed to let consumers take control of their credit card debt was launched this week. Texas-based Debt Logistics offers a personalized road map for consumers to use to decrease their debt and interest and it is completely ... more

Time-Stretched July, 9, 2007

Consumers between 18 and 28 years old are expected to lead the growth in dining, travel and entertainment spending over the next few years as "Baby Boomers" focus more on medical expenses, family gifts and vacations. The so-called "Echo Boomer" generation is ... more

Baseball Dreams July, 6, 2007

A new promotion is underway that offers MasterCard users in the U.S. the chance to win a dream-filled week with their favorite MLB team during the 2008 regular season. Cardholders who use their MasterCard cards through September 30th will be automatically ... more

Positive Ideas July, 6, 2007

The semi-finalists for "The Members Project" were announced this week by American Express. The program asked cardholders to submit, discuss and rate ideas to make a positive impact in the world. more