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, [...]