 Credit Cardholders Legislation [06:22:14 AM Thursday, February 28, 2008]
Rep. Carolyn Maloney, D-NY, introduced the Credit Cardholders' Bill of Rights Act of 2008. The comprehensive credit card legislation is targeted at leveling the rights of credit card issuers and consumers. It is actually an attempt to make credit companies play fair. The bill is a result of more than a year's research of credit card market and the ways of improving services and protections for credit card holders.
|
|
 Premium Credit Cards for Art Lovers [05:15:53 AM Thursday, March 6, 2008]
This summer Sotheby's will launch premium rewards credit cards for art lovers: the Sotheby's World Elite MasterCard and Sotheby's World MasterCard. They are focused on personalized experiences over material goods. The cardholders will be able to get access to prestigious cultural events and make donations to U.S. museums. The partnerships with cultural institutions and a vast range of luxurious benefits make this program unique on the credit card market.
|
|
|
|
 New Funding for Credit Card Education [06:47:52 AM Thursday, March 13, 2008]
Financial education of consumers is one of the most important creditors' concerns. Their business success depends a lot on a customer's ability to manage credit cards wisely. In order to protect their funds and help clients understand and control their credit, Chase Card Services, the division of JPMorgan Chase & Co. is donating $1.3 million through the Financial Literacy Grant Program to U.S. organizations which provide educational programs and services for credit card users.
|
|
 Growing Credit Card Charity [04:55:33 AM Thursday, March 20, 2008]
Every year Americans donate billions of dollars to charitable organizations, nonprofit groups and educational institutions. Total giving is estimated at $295.02 billion for 2006. Private donations are the primary source of revenue for health services, education and arts. A growing number of charity credit cards give users more options to make donations. You can support a charitable group of your choice by contributing a specified percentage of your spending.
|
|
|
|
 New Credit Card Rating [05:09:43 AM Thursday, March 27, 2008]
Sen. Ron Wyden proposes a new credit card reform. It involves classifying credit cards according to a five-star rating system. The plastics will be awarded stars for consumer-friendly terms and lose them for unfavorable terms. The new rating will help consumers make smart choices.
|
|
 Mobile Credit Card Account Access [05:35:32 AM Thursday, April 3, 2008]
Citi Cards, a major worldwide provider of financial services, and Firethorn Holdings, a leader in developing and delivering advanced digital wireless communications products and services, have revealed an important strategic partnership. It will enable Citi credit card holders to get a secure and convenient access to real-time account information on their wireless handsets. The innovative service is expected to be available for U.S. Citi credit card holders in several months.
|
|
|
|
 Discover Credit Cards Global Acceptance [02:47:09 AM Thursday, April 10, 2008]
Discover Financial Services is buying 58-year-old Diners Club International from Citigroup Inc. for $165 billion. It means that in a couple of years Discover cardholders will be able to use their plastics abroad: pay for a hotel in Monaco or for dinner in Paris. The deal is expected to increase transaction volume and global acceptance of Discover cards. That will significantly improve the company's competitive position on the credit card market.
|
|
 Credit Card Users Go Online [03:37:13 AM Thursday, April 17, 2008]
Many people consider credit industry as a source of negative experiences due to skyrocketing interest rates or subprime mortgage crisis. However, banks can receive good marks for at least one thing: online credit card services. The financial surveys show that customer satisfaction with online banking has risen significantly: 82% of people highly estimate online credit card services. The consumers think that it is more convenient to use websites than credit companies' branches or call centers.
|
|
|
|
 Amex Premium Airmiles Credit Cards [04:37:54 AM Thursday, April 24, 2008]
American Express, one of the leading U.S. credit card issuers, and Delta Air Lines have announced the launch of new premium airmiles credit cards for American consumers and small business owners: Delta Reserve Credit Card and Delta Reserve for Business Credit Card. They come with added value and expanded rewards program. The new plastics have become the most elite credit cards in the line of AmEx and Delta co-branded products.
|
|
 Credit Score Improving [06:15:27 AM Thursday, May 1, 2008]
Qualifying for a credit card has become increasingly difficult under the dark cloud of the global credit crunch. The lending standards are getting tighter. If earlier credit card holders applied their energy to accumulating cash back or frequent flier miles, now they do their best to improve their credit scores. They understand that positive FICO score is their best guarantee of getting a credit card with beneficial features and terms in future.
|
|
|
|