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News Library - 2008

Consumer Confidence April, 11, 2008

According to Gallup's measure of "American Consumer Confidence," April figures are much lower than that of January and February with an economic mood of 29.2. For the months of January, February and March, Gallup posted findings of 43.2, 37.1 and 29, ... more

Feb Debt April, 9, 2008

Consumer revolving credit grew again in February as Americans tacked on nearly $5.0 billion in net new debt, mostly credit card debt, compared to the prior month. In January consumers added $5.6 billion. more

Discover & Diners April, 8, 2008

Discover has inked a deal with Citi to acquire Diners Club International. The agreement will give the "Discover Card" global acceptance once the networks are fully integrated. Discover will purchase the business for $165 million. more

Gas Cards April, 7, 2008

Texaco and Chevron have added more octane to their credit cards by adding complimentary road service, cash access at over 350,000 ATMs associated with the "Cirrus" network, and "Zero Fraud Liability." There will continue to be no annual fee associated with ... more

Consumer Pulse April, 4, 2008

Americans grew even more concerned about the economy and their personal finances in the face of rising monthly expenses. The latest "Discover U.S. Spending Monitor" reached a new low in March hitting 85.1, down more than a full point from the previous month ... more

New Corp Card April, 3, 2008

Harris Bank has introduced its "Corporate MasterCard" targeting $10 million-$250 million annual revenue businesses. The new card product has been designed to grow with its business client's revenues and provides cost-saving advantages over a technology ... more

Bud Cards April, 2, 2008

Now you can have your lager and drink it too with a new card from a beer giant. U.S. Bank and Anheuser-Busch have teamed to offer the "Budweiser Rewards VISA Platinum Card." The new card offers points toward gift cards good for Anheuser-Busch merchandise. more

Biz Pulse April, 1, 2008

Small business owners' economic confidence took a sharp drop in March. The "Discover Small Business Watch" dipped to 77.8, a 13.1-point decrease from February, and nearly 40 points lower than a year earlier. more

Discover Insurance March, 26, 2008

Discover has launched a Web site that offers consumers auto, homeowner’s, and term life insurance, as well as home warranty plans from trusted, reputable providers. The insurance providers included on the site were subjected to an extensive pre-screening ... more

Sweet! Sweet! March, 19, 2008

The stunning Fed interest rate cut of 75 basis points yesterday is very good news for credit cardholders as the prime rate is being pushed down to 5.25%. With a median revolving credit card balance of about $6600 and most credit card rates pegged to the prime ... more