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Credit Cards News Archive |
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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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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 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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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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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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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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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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Business Credit Management
[04:55:26 AM Monday, May 19, 2008]
The economic turbulence storming in the USA today is claimed by small business owners to be the biggest challenge on the way of establishing and growing a successful business. The instability has made it difficult to track expenses and risky to use credit cards for business purposes.
At the time when credit companies are trying to readjust their revenues after huge write-offs caused by customers' delinquencies, businesses find it difficult to find the right path to a lower cost and at the same time efficient business management.
Chase Card Services offer some very smart tips to follow.
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Luxury Credit Card
[05:26:23 AM Thursday, May 22, 2008]
Citibank credit card holders might not have seen a better offer on the market yet. In the credit crunch environment it may seem a bit queer for card companies to provide more, better and easily available credit but Citi is evidently going to stand out and prove customers that it is stable in revenues and quite reliable.
The current and potential customers can evaluate the bank's stable financial power by its new product - Diamond Preferred credit card - which, however, is not accessible to the wide credit using public. Luxury - that's what they call the new Citibank plastic.
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Damaging Good Credit
[04:57:01 AM Monday, May 26, 2008]
A consumer rights organization based in San-Francisco, Consumer Action, warns US cardholders that their credit card accounts may soon be closed, and the reason for the closure may seem to customers rather offensive, to put it mildly. Today, if your card company has noticed you to be inactive about using your plastic for three years, it has the right to close your account without a beforehand notice.
It is twice as disappointing to get a card closed if it has no default payments, high credit limit and good debt ratio. Nevertheless, card closure does take place in some of US good credit households.
Why do companies make such anti-consumer arrangements and how can you avoid losing your card once you are at risk?
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Credit Cards eZine
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Credit Card Denials
Very often consumers with limited credit score ask why they receive multiple denials and what can be done about that. The problem is frequent and needs some detailed coverage, which is presented in a number of the most popular questions and answers to them.
Click here to read more...
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Closing Credit Cards
All consumers know that having good credit score is of key importance. You are considered to be reliable for renting an apartment, taking a loan or mortgage, or getting a new job. What is more, you can save a good deal of money on interest rates and fees, as people with good and excellent credit score are eligible for the best banks' credit card offers. However, building your credit history and keeping it up to the mark can cost you a pretty penny: plastics for building credit are rather expensive and even consumers with good credit sometimes have to hold unnecessary credit cards just to keep the score high.
Click here to read more...
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Credit Card Laws
American consumers have been recently cheered up by the federal agencies planning to introduce stricter rules for credit card companies. The new regulations proposed by the Federal Reserve and other federal agencies are going to block unfair practices like hidden fees, excessive interest rate raising and other ploys.
Most credit card holders have come across unfair charging or aggressive anti-delinquency politics of the banks. Many of them display dubious compliance with the law, but banks have been widely practicing them until now.
Click here to read more...
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Protect Your Credit and Health
You must have heard about financial identity theft and credit card fraud as the inevitable result. No doubt, financial identity theft hurts your wallet and may ruin your financial standing completely. It will take years to restore your credit records and get back on track of financial health.
However, while financial ID, in most cases, can do you no more harm than hitting your credit history, a new type of ID crime can actually kill you. We are talking about medical identity theft that is a fastest growing type of ID theft, hurting both patients and hospitals.
Click here to read more...
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Credit Rebuilders
Do you believe in the all-powerful credit repair agencies? Do you really think they take your credit problems as seriously as you do? In fact, they earn fortunes on their promises to restore your credit standing and on your faith in their ability to do it.
Oftentimes, however, their efforts go no further than just promises and you are left with the same or even bigger debt than before. Your position is twice as disappointing because the greater trouble has been caused at no fault of yours.
Maybe, it's time to take the matters into your own hands?
Click here to read more...
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