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News Library - 2008

Investor Visa December, 9, 2008

Charles Schwab has introduced a new cash-back credit card for its 7.4 million client brokerage accounts, 1.3 million corporate retirement plan participants, and 427,000 banking account customers. The new "Schwab Bank Invest First Visa Signature" credit card ... more

RATES & RECESSION December, 8, 2008

Punitive credit card interest rates will likely exacerbate the recession like none before. In reviewing the last five recessions CardTrak.com has found that the current recession offers the lowest prime rate, but the highest credit card APRs ever. more

October Debt December, 5, 2008

Consumer revolving credit, mostly credit card debt, remained level in October, but revised figures show September grew three times as much as previously reported. Nevertheless, Americans continued to slow down their spending amidst lower credit limits, ... more

Debit Sharks December, 4, 2008

Americans might be shocked to know there is a shark lurking in their pants or purses that is striping away billions of dollars annually from checking accounts. A new survey reveals that debit card transactions are the most frequent cause of overdrafts and ... more

Bankruptcy Pace December, 3, 2008

After a year-long recession, more and more consumers are heading to bankruptcy court for relief. Over the past two months more than 206,000 consumers have made filings with total filings for 2008 expected to be around 1.1 million, the highest figure since ... more

New Cards December, 2, 2008

The credit card pipeline is still pumping out new consumer products despite the lousy economy. This week U.S. Bank and Capital One introduced new cards as the holiday season gets into full swing. more

Holiday Cards December, 1, 2008

Due to a shorter holiday season, lower consumer spending and more aggressive risk management, purchases on payment cards for the period between Thanksgiving and Christmas will likely rise a mere 3%. Americans are projected to use general purpose credit/debit ... more

Bad Santa November, 25, 2008

When the going gets tough, the fraudsters get going. There is a consensus building that current economic conditions will breed increased online fraud activity this holiday season. more

Gilda's Visa November, 24, 2008

The beloved Roseanne Roseannadana now has her own "Visa Platinum" card. The new card supports the work of the Gilda's Club cancer support group, named for Gilda Radner, the comedian and an original cast member of "Saturday Night Live" who died from ovarian ... more

King Cash November, 21, 2008

With a lack of confidence emerging about gift cards issued by shaky retailers, a new survey shows that most Americans would prefer to receive $100 in cash this holiday season. About two-thirds of consumers indicated that cold hard cash may be the hot Xmas ... more