Slashing Credit Card Spending Limits
How You Can Avoid a Nasty Surprise From Your Credit Card Issuer?
As they trudge their way through this year’s holiday season, some shoppers will be in for a surprise when they haul out their credit card. Many credit card companies are lowering the credit limits this holiday season. Without even warning their customers, some credit [...]
Credit Card Direct Mail Offers Decline
The number of credit card offers mailed to Americans has declined for the third consecutive quarter, according to new research from Mintel Comperemedia. Estimated acquisition mail volume for credit cards fell nearly 8% from Q1 2008 to Q2 2008 (from 1.67 billion to 1.54 billion).
Discover Profit Falls on Credit-Card Debts
Bloomberg — Discover Financial Services, the credit-card company spun off from Morgan Stanley, dropped 8.2 percent after saying more overdue payments from customers curbed second-quarter profit.
Income from continuing operations in the period ended May 31 fell 19 percent to $202 million, or 42 cents a share, from $250 million, or 52 cents, a year earlier, [...]
Discover® Card Launches Credit ScoreTracker
Discover Financial Services (NYSE: DFS) announced today, in collaboration with Experian Consumer Direct, part of Experian InteractiveSM, the launch of Credit ScoreTracker, a comprehensive credit score tracking product offering Discover Cardmembers resources that help them understand and monitor their credit score.
Unlike most credit-related products that are bundled with additional offerings, Credit ScoreTracker is specifically designed [...]
American Express slides
AmEx’s stock, a component of the Dow industrials, dropped 3.4% to $56.56, and had down as much as 3.8% at its intraday low of $56.34, which was the lowest price seen since Oct. 22.
Capital One had said in a filing with the U.S. Securities and Exchange Commission on Tuesday that it anticipated 2008 charge-offs of [...]