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News Library - August, 2008

Card Mail August, 14, 2008

A new report finds that credit card solicitations to U.S. households has dropped off by 17% in the second quarter to slightly more than one billion pieces. However, response rates have remained flat at 0.6%. more

Visa Beijing August, 13, 2008

Visa credit, debit and prepaid card spending at the "Beijing 2008 Olympic Games" approached $10 million on August 8th, an 11% increase over one-year ago. Opening Day’s biggest Visa spenders were from USA, followed by Japan, Hong Kong SAR, South Korea and the ... more

Whopper Deal August, 12, 2008

Burger King customers have the opportunity to have their "Whopper" and eat it too. Visa and Burger King have partnered on behalf of Burger King's HAVE IT YOUR WAY Foundation offering customers the chance to win a $1,000 Visa gift card. more

June Debt August, 11, 2008

Consumer revolving credit continued its upward push in June as Americans tacked on $5.5 billion in net new debt, mostly credit card debt, after adding $6.1 billion in the prior month. Revolving consumer credit has now reached a record $968.4 billion and is ... more

High Octane Card August, 8, 2008

A new version of a gas rebate general purpose credit card has hit the streets that pumps out more savings. The new "ExxonMobil Platinum MasterCard" from Citi offers an ongoing 15 cents per gallon rebate. more

Ultimate Game Card August, 7, 2008

7-Eleven convenience stores are now offering a prepaid card that provides access to more than 150 online games. The card are available in $10 denominations and are redeemed via the "Ultimate Game Card" website. more

Rate Relief August, 6, 2008

The Fed has decided to keep the status quo on short-term interest rates for now. For credit card users this means continued relief from the higher APRs assessed one-year ago. With the current 5% prime rate, variable rate cards averaged 15.08% last month. more

Cool Cards August, 5, 2008

New research among teens and their parents concludes that prepaid debit cards can help kids maintain a "cool" status while making payments easier, providing payment security and control for parents. According to Mintel Comperemedia 62% of parents are ... more

Olympic Cards August, 4, 2008

A limited edition "Olympic Giftcard" is now available at 185 Simon Malls coast-to-coast. Only 100,000 cards will be available that also contain a unique GWP CD-ROM that gives consumers access to bonus Olympics footage, music, and ringtones. more

Card Usage August, 1, 2008

A new study shows declining credit card use among Americans due to the economic downturn, as more consumers sit on their wallets. About 45% of those surveyed say their ability to contribute to savings has decreased and 37% of consumers say they are using ... more