Europe’s own credit card system
Posted on April 10, 2008
Filed Under Credit Card News | Comments Off
PARIS, April 16 (Reuters) – The French Banking Federation said on Wednesday that French and German banks were studying the possibility of setting up a European credit card to rival U.S. giants Visa and MasterCard. Read more
Having Problems At The Pump?
Posted on April 2, 2008
Filed Under Credit Card News | 1 Comment
These days, it’s a whole lot quicker and easier to pay by credit card at the pump. But if you have a van or sport utility vehicle, it costs a lot more to fill your tank.
Monroeville home improvement contractor Ken Sarver drives around in a large truck. With gas at $3.35 a gallon, it costs him more than $90 to fill the tank, and he uses his credit card to pay.
Unemployment triggers more delinquencies
Posted on March 29, 2008
Filed Under Advice | Comments Off
Delinquencies on credit card asset-backed securities have been on the rise over the past year or so. A rise in the unemployment rate could trigger even more missed payments.
“Pool performance has deteriorated significantly over the course of the last eight months,” said CreditSights, an independent research firm, in a report that studied the performance of underlying collateral in U.S. credit card ABS. Read more
Issuers Lowering Credit Card Limits
Posted on March 17, 2008
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March 19 (Bloomberg) — Credit card companies including HSBC, MBNA. and Capital One. are lowering borrowing limits for thousands of customers amid the current financial squeeze, the Daily Telegraph said, citing unidentified industry sources. Read more
Target Boosts Credit Card Sales
Posted on March 12, 2008
Filed Under Credit Card News | Comments Off
Target (TGT) is expanding its consumer lending operations right into the teeth of a recession.
The Wall Street Journal reports the big box retailer saw outstanding credit card loans jump 29% from a year ago, even as most financial firms scale back consumer lending. By comparison, Capital One’s (COF) U.S. credit card business shrank by 2.8% and Discover Financial (DFS) grew its domestic lending by a mere 5%. Read more
Credit Card Scam – ICH Services
Posted on March 6, 2008
Filed Under Advice, Fraud, Investigation | 1 Comment
It was estimated that credit card fraud cost consumers an average of $500 million a year. These statistics are on the rise and have continued to rise drastically since the year 2005 according to Spam Laws.
Consumers are now being warned of yet another credit card fraud that is going around. These warning states that there may be a charge on your credit card statement from a company called ICH Services. ICH Services only charges the credit card $9.70 to $9.85 in which most people blow it off as a charge that they could not remember. This fraudulent company has scammed many people without their knowledge according to HULIQ.
Airline Credit Cards Comparison (personal)
Posted on March 2, 2008
Filed Under Airline Mile Credit Cards, American Express | Comments Off
Here you can compare some of the top credit cards with airline reward miles. If you need more than their basic attributes, please visit their application pages to learn more about them — by clicking on “Apply” you are under absolutely NO obligation to apply for the card, you can simply read all the information you need to make an educated decision. Read more
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