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News Library - 2007

Switcheroos October, 24, 2007

A new survey has found that one out of five U.S. consumers switch banks because of fees they consider excessive. Nearly one out of four surveyed consumers were charged an overdraft fee by their bank in the past year, and 63% believe the fee was unfair, mainly ... more

Taxis & Cards October, 24, 2007

About 10,000 New York City taxi drivers launched a second strike this week over new rules that require them to install credit card readers and GPS technology in their medallion cabs by October 1st. The New York Taxi Workers Alliance says the new card readers ... more

Miles & More USA October, 23, 2007

If you like to fly Lufthansa then you might want to sign-up for the new U.S. version of the "Miles & More MasterCard." The new card combines the spending power and amenities of a "Barclays World MasterCard" with the benefits of the "Miles & More" program. more

Late Fee Gouge October, 23, 2007

A new survey shows that consumers shelled-out $55 billion from late fees from all kinds of loans last year. Credit card late fees may account for more than $10 billion in 2006. Unfortunately, interest rates may be reset after falling behind in payments. more

HealthCare Card October, 22, 2007

One of the nation's largest publicly traded health benefits companies is gearing-up to issue a new health care card to a select set of its employer group customers. Humana has teamed with Republic Bancorp to launch the "HumanaAdvance VISA." more

Upper Crust October, 22, 2007

There is new evidence that a growing number of affluent travelers are seeking private, luxurious getaways, booking more private yachts, villas and jets than ever before. American Express' "Platinum Travel Service" team of specialists says that the requests ... more

Biz MasterCards October, 18, 2007

Chase, Continental Airlines, General Motors and MasterCard have teamed to launch the first-ever "MasterCard World for Business" credit cards. The new "Continental Airlines World MasterCard for Business" card and the "GM Business Card World MasterCard" offer ... more

Original Card October, 17, 2007

In a bold move Bank of America has re-launched the original "BankAmericard" credit card. The first nationally accepted bank credit card now offers a rewards VISA version. BofA claims its new card is the richest and most flexible rewards programs with no ... more

Pathmark Card October, 17, 2007

A major supermarket chain has launched a card that combines loyalty and rewards with decoupled debit functionality all on one card. HSBC Finance and Pathmark Stores have inked a deal to offer a multi-purpose rewards and payment card for supermarket customers. more

Card Mail October, 16, 2007

A new report projects that U.S. households will receive about 5.3 billion credit card solicitations during 2007. The full year projection shows a slight decrease from the 5.76 billion offers received last year, which was also down from the all time high of ... more