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Discover Credit Card Progress
[04:57:15 AM Thursday, May 15, 2008]
According to Brand Keys, Inc., a research firm studying credit card brands that enjoy the highest rate of customers' loyalty, Discover credit card ranks ?1 among major card issuers. Discover Financial Services refer the great achievement to the ever lasting efforts on the part of services representatives to satisfy each customer on a case-by-case high quality basis.
Leaving such giants as Visa, MasterCard, American Express and Capital One behind, Discover Card does deserve the first place and not undue to its hard attempts to keep in line with the changing market conditions and handle them in accordance with customers' needs.
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New Delta Credit Card
[04:37:22 AM Monday, May 12, 2008]
On the merger with Northwest airlines, Delta and American Express are planning o a new credit card offer that would cater for elite customer mostly. It is expected to be the most elite of all the wide spectrum of Delta cards issued by American Express and is sure to be one of the priciest card products on the market.
With the annual fee of $450, Delta Reserve credit card is simply obliged to satisfy a most sophisticated frequent flyer customer. And judging by its fabulous benefits, it really does. Let's give a brief outline of what the card has to offer.
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Tight Credit Market
[03:18:57 AM Thursday, May 08, 2008]
We are staying tuned for whatever new solutions the Federal Reserve may offer to ease the tension on the tight US and European credit card market. And we did not have to wait long. On May, 2, the Fed announced its determination to increase the amount of its cash auctions, or the size of credit it can issue to banks, and to allow banks to use student loans, car loans and credit card debt as collateral for its loans.
The Federal Reserve took the measures citing the never receding liquidity pressure in credit markets in the USA and Europe whose banks are also holders of dollar loans in the mortgage sector.
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Visa Credit Card Profits
[03:38:40 AM Monday, May 05, 2008]
After the initial public offering which Visa performed on March, 19, its stock has increased more than 70% and its overall profit had risen 28% by May 2008. Such a steep increase in Visa profits is not only the result of the public offering where a share was sold at $44, but also the logical consequence of its growing activity outside the United States.
Previously always accepted at millions of locations worldwide, Visa is never going to slack its credit business grip and continues to report about its customer base increasing rather than otherwise. So, what is Visa' closest customer target?
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Credit Card Industry Trends
[05:58:48 AM Thursday, May 01, 2008]
TransUnion, one of the four national credit reporting agencies, has published the first in a planned series of consumer lending analyses report on the credit card industry for the 4th quarter of 2007. The trends noticed by the agency are not so encouraging and the data varies from sad to alarming based on the local cost of living and regional economic situation.
Though the tension on the credit card lending market is growing, banks and companies keep on offering their products. Under the circumstances, however, they are becoming more selective choosing customers and notably tougher when it comes to sub-prime lending.
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Joint Credit Accounts
[04:32:36 AM Monday, April 28, 2008]
April, 14th the final decision to accomplish the merger between the two carriers Delta and Northwest was finally announced. After blowing hot and cold and lingering out the agreement for quite a while the airlines agreed on the terms of the merger and are waiting for the regulatory approval to start operating.
Customers of the two carriers with their frequent flyer program affiliated credit cards are not as yet certain about the definitely positive result of the merger, but the airlines insist it will be neutral or favorable.
There are still however, some questions that bother customers and that the airlines will try to resolve.
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Credit Card Mails
[04:14:49 AM Thursday, April 24, 2008]
The global market research and mail tracking service firms, Synovate and Mintel, are releasing curious figures concerning new credit card applications offered in mail in 2008. The slash on direct mailing activity was noted in the 4th quarter of 2007 and since then has only been in progress. In 2007 it was a 14% drop as compared to 2006 but in February 2008 the figures were even more frustrating.
Financial analysts and companies refer the decrease in direct credit card mail to the mortgage crisis, turbulence on the credit market and depressed US economy, and in all likelihood households will see even fewer mail offers at short notice. There is a credit card company, however, that seems to have escaped the recession and which credit card you are sure to receive in your mail box.
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Credit Scams by Phone
[04:54:49 AM Monday, April 21, 2008]
Most credit cardholders know perfectly well that there's a lot of fraudulent activity on plastics. Really, we hear about various credit scams all the time. However, when you meet face to face with another credit scam, you can hardly feel something fishy, especially if you happen to be trustworthy by nature. If someone calls you by the phone and claims to be the rep from your card company, it seems to be ok. But when this strange someone asks you for some specific information, like your SSN, and your card's number, most probably, it's nothing but a disgusting credit scam. Learn more about phone scammers and what you can do to protect yourself from this crime.
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Online Credit Services
[03:34:43 AM Thursday, April 17, 2008]
Customer satisfaction is the prime concern for most businesses. Banking organizations and card companies are no exception. According to the recent survey conducted by ForeSee Results, this year the so-called Customer Satisfaction index is registered at the point 82 out of 100. It's up 12% compared with the same index in 2003, when it was 73. Last year for instance, customer satisfaction with online banking was 78. Notwithstanding all those nasty actions that banks have been taking lately, still customers give thumbs up for online credit services provided by banks and credit card companies.
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Visa Credit Card 2008
[04:43:01 AM Monday, April 14, 2008]
Visa credit card applications have seen a growing number of consumers demand lately as paying with this network's cards is becoming more popular. Visa's profits have increased for yet another reason. The company successfully sold out 406 million shares at $44 each, against the forecast $42 for each share, and the raised $17.9bn is being now allocated for particular purposes.
The shares issuance which took place in March 2008 was claimed to be the biggest stock offering at the time and the gain is expected to cover some of the company's due costs.
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Credit Cards eZine
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Credit Management Online
Irrespective of the Fed' hard efforts to make things easier for credit consumers through forcing companies into better disclosures and restricting their predatory policies, lots of cardholders entered 2008 with heavy outstanding balances. While interest rate hikes, hidden penalty fees and unfair pricing and allocation of customer's payments are being fought against, customers are at sea how to manage the unpaid bills accumulated in 2007.
However, some basic line of behavior has shown up in the Online Resources Corporation survey which polled US households and financial companies in connection with the credit card crisis and increased delinquencies.
Click here to read more...
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No Limit Credit Cards
There is nothing new in that lots of credit card applications for good credit customers come with no pre-set limits. Almost everyone agrees that it is cool to be unrestricted in card spending and admits being happy about having a no pre-set limit plastic in his/her wallet.
One of our readers, Mr. Collins, wrote us about his experience of owning such a card and his story is sure to set credit consumers with no pre-set limit ideas on the right path.
If you have got a notice from your bank offering an upgrade from your current card to a no limit plastic, think twice before you respond to give permission.
Click here to read more...
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ABA against Credit Reform
As soon as the Federal Reserve proposed its new tougher rules to curb the unfair lending practices and overdraft fees, the American Bankers Association made a stand for their interests. They claim that being restricted in the way they do business is nothing more than a gross interference in the healthy competition and a "delay mechanism" of the right developments in the credit card market.
In fact, the policy of the Federal Reserve may seem to be a bit illogical on the one hand. Prohibiting card companies from collecting excessive and unfair fees, the Federal Reserve may risk losing part of its revenues, especially now that the default rates on credit cards have menacingly increased.
Click here to read more...
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Fed Credit Card Rules
Consumer, labor and civil rights groups backed by some members of Congress have been pressing for a new and strong regulation against the unfair and deceptive practices pursued by card companies, now when it has become especially urgent with the US economy tightening.
As noted by the groups, it is high time for the Credit Card Act to become aggressive in protecting cardholders, especially financially vulnerable families, from companies' tricks. On April, 30 Senate Banking Committee Chairman Chris Dodd introduced the Credit Card Reform Bill which, in brief outline, embraces the following points.
Click here to read more...
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Credit Card Convenience Checks
Convenience checks tied to a person's credit card account are not somewhy that widely discussed as fees, rates, rewards and various tips of a smart card use. Meanwhile convenience checks are nothing more than just a hidden form of hefty charges imposed on a cardholder straight after cashing it.
So, when next time you receive a mail and find a convenience check with a good amount of money on it, remember about three key factors that can turn your desire of using the easy money into a big headache.
Click here to read more...
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