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CARDNEWS FOR CONSUMERS
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(3/31/00)
Gone Fishin'
Catch a record size bass and win a million bucks. What a country! VISA and
Wal-Mart have teamed up to sponsor the richest promotion in the history of
fishing. The Wal-Mart FLW Tour will offer FLW Tour anglers and fishing fans throughout the world an opportunity to win more
than $8 million in cash and prizes. . .
-READ MORE |
(3/29/00)
Card Clicks
Consumers love shopping for credit cards over the Internet but are less
likely to respond to mortgage offers. And some consumers are damaging their credit
ratings by responding to too many online credit offers.
-READ MORE |
(3/28/00)
GM Card Lowers Horsepower
Nearly eight years ago a new MasterCard appeared that revolutionized the
credit card industry. Like other credit cards offering rewards, the trend
setting General Motors MasterCard issued by Household Bank, has downshifted.
-READ MORE |
(3/23/00)
Card Trash
American consumers are increasingly turning to the Internet instead of
their mailboxes for credit card offers. Tarrytown, NY-based BAIGlobal reported this morning that U.S. card issuers dumped 2.87 billion solicitations in the mail last year.
-READ MORE |
(3/21/00)
9.00% Prime Rate
The Feds did it again ! For the second time this year the FOMC voted today to
raise interest rates driving the Prime Rate to 9%.
As a result, American credit cardholders will shell out an extra $19 in
interest charges over the next twelve months.
-READ MORE |
(3/21/00)
Daily Double
Starting April 1 VISA cardholders can up the ante on hotel stays at Marriott.
During the Marriott/VISA Daily Double, points are doubled for each
subsequent stay paid for with a VISA card at any of the 1,800 participating
Marriott hotels in 55 countries worldwide.
-READ MORE |
(3/15/00)
Smokin Debit
Credit, debit and business card use is now at an all-time high. About 26
cents of every $1 in U.S. discretionary consumer spending is on plastic. VISA says
debit card use is growing nearly four times as fast as credit card use.
-READ MORE |
(3/14/00)
Card Millionaires
Discover kicked off 2000 by awarding a million bucks to one lucky cardholder.
This month VISA named a card millionaire in its holiday sweepstakes with AOL.
Now the Wards credit card is making millionaires, five to be exact.
-READ MORE |
(3/13/00)
Convenience Drives Cards
Nearly half of Americans say they prefer to write fewer checks while more
than 50% say they prefer not to carry cash around. Therefore consumers are using
their credit and charge cards more than ever to charge everything from
property taxes to groceries to postage stamps.
-READ MORE |
(3/9/00)
Bankruptcy Diminishes
Even though Congress continues to reconcile differences in the bankruptcy
reform legislation recently passed by the House and Senate, the bankruptcy
landscape is changing.
-READ MORE |
(3/8/00)
Fleet Super Card
A super-duper business card is hitting the market this month. MasterCard,
AmSouth Bank and Comdata Corp. have teamed up to deliver a new fleet card that
combines credit, debit and purchasing card capabilities.
-READ MORE |
(3/8/00)
New Reward Partners
The American Express rewards program is getting bigger and better. Yesterday
American Express announced its Membership Rewards partner lineup for 2000 will
include a number of new retail and travel partners.
-READ MORE |
(3/7/00)
Card Hacking
Using credit cards on the Internet is at least as safe as using them in the
real world, but it is not bulletproof. A Buffalo, New York-based Internet
service is the latest victim of hackers seeking to steal credit card numbers.
-READ MORE |
(3/6/00)
VISA Millionaire
Millionaires are popping up everywhere. Last week VISA and AOL made a San
Francisco Bay Area woman the latest millionaire. America Online and VISA
awarded one million dollars to Franza Giffen Newsom as the lucky winner of the
AOL and VISA 'You've Got a Million' Sweepstakes.
-READ MORE |
(3/3/00)
Personal Credit Data
Trans Union was ordered this week by the Federal Trade Commission to stop
selling sensitive consumer data on 160 million Americans to junk mail
producers.
-READ MORE |
(3/2/00)
Chips Fight Chumps
Smart cards are now being used to give the boot to troublemakers who frequent
nightclubs. The new biometric smart cards are being introduced in Europe by
Keyware Technologies and Interstrat. . .
-READ MORE |
(3/1/00)
Pep Boys Card
Manny, Moe and Jack have added some pep to their credit card. Pep Boys, the
automotive aftermarket retail and service chain, has re-launched its credit
card this week.
-READ MORE |
