In these tumultuous times of credit cards it is perhaps better to look to the past for the answers for tomorrow. In 1985, more than 90% of U.S. credit cardholders paid a 19.8% interest rate and a $20 annual fee.
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The credit card industry is sweating bullets after the U.S. House overwhelmingly approved legislation that would push up the date of credit card reforms scheduled for 2010. The American Bankers Association says credit card issuers cannot turn on a dime and ...
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The new "United Way Charity Gift Card" is a way to kill two birds with one stone. Besides making the recipient happy, American Express will, for every card sold, donate the $3.95 purchase fee to the United Way.
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The average purchase slapped on a Visa and MasterCard credit card has been sinking by more than 8% over the past year from $90.38 to $82.56. It's all a sign of the recessionary times but it may be leveling out as MasterCard's latest report shows that the ...
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The struggling economy and the credit card mess has been a windfall for debit cards as more Americans seek the convenience of debit cards over the hassle of credit cards. At mid-year the amount charged on debit Visa debit cards was up 6% compared to a 15% ...
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Move over Boku and PayPal, Zong just added more zing to its mobile payment service. The new "Zong+" service links up to any type of payment card (V/MC/AX/DS) through a one-time entry process.
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A new study concludes major credit cards fall far short of the new rules and have been jacking-up rates before the new rules take full effect. The Pew study finds that all of the credit cards offered online by the top bank card issuers continue to include ...
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A major book store is implementing a gift card program that is both recycled and recyclable. Half Price Books will collect the used cards, send them back to Earthworks where they will be ground and re-processed into sheets, and then shipped back to ABnote ...
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Forget the "Expedited Credit CARD Act," Senate Banking Committee Chairman Chris Dodd wants it NOW. The lawmaker, or whip cracker, introduced a bill to immediately freeze credit card interest rates on existing balances.
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While some call it a thoughtless gift, gift cards are becoming more popular than ever. This year, for the first time ever, gift cards outranked clothes and toys as the hottest holiday gift.
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