Credit Cards News. Tag: 'increase'


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Consumer Borrowing On the Rise

Consumer Borrowing On the Rise

Over the last seven months, consumer borrowing has been continuing to rise. Last month’s increase was primarily attributed to commercial banks and credit unions providing auto and student loans.



by Roberta Sanchez

Credit Card Payments Are Mixed Blessing for Cab Drivers

Credit Card Payments Are Mixed Blessing for Cab Drivers

The city of Boston recently mandated that all cabdrivers were to accept credit card payments. This has been a mixed blessing for cabdrivers.



by Brent Thomas

Consumers Hit By Extra Fees On Reward Card Airmiles

Consumers Hit By Extra Fees On Reward Card Airmiles

Recent investigations into Airline rewards cards have turned up some information which shows that consumers who have been saving reward miles in order to redeem them for an airline ticket to use on a dream vacation may discover that the …



by Joanne Lee

Card Spending Increase Points Towards Recovery

Card Spending Increase Points Towards Recovery

The latest industry research points to some good news for both credit card issuers and merchants. The most recent Nilson Report shows that credit card spending is rising nationwide.



by Scott Townsend

MasterCard Launches World Elite Ad Campaign

MasterCard Launches World Elite Ad Campaign

MasterCard Worldwide has launched a brand new marketing campaign to raise public awareness of the new and improved features of their World Elite MasterCard.



by Brent Thomas

Balance Transfer Offers Peaked Last Month

Balance Transfer Offers Peaked Last Month

A new report shows that April was the month when credit card balance transfer offers peaked with the average term length reaching 12.17 months.



by Brent Thomas

Credit Cards Are Easier To Obtain

Credit Cards Are Easier To Obtain

A new survey by the Federal Reserve shows that banks have been more willing to approve credit card applications during the first quarter of this year, but it seems unclear if it is actually a consumer demand for them.



by Carolyn Spiel

Visa Will Be Harder Hit By Swipe Fee Cap

Visa Will Be Harder Hit By Swipe Fee Cap

The past 2 years have been hard for the credit card industry as a whole. Consumers stopped spending and default rates climbed eating into profits at a time when new federal regulations placed heavy restrictions on credit card lending.



by Scott Townsend

Target Discount Credit Card Proves Huge Success

Target Discount Credit Card Proves Huge Success

According to a report from the Minneapolis Pioneer Press, consumers have been scrambling to take up Target’s brand new Redcard offer which was launched Nationwide late last year.



by Brian Weston

JP Morgan Chase Reports Profit Increase

JP Morgan Chase Reports Profit Increase

Only in the credit card industry could a company change from losing money to reporting a 67% profit increase in under a year. That is what JP Morgan Chase and Company has reported as a result of their high performing …



by Scott Townsend

Credit Card Rates Hold Steady 4 Weeks

Credit Card Rates Hold Steady 4 Weeks

A weekly rate report by credit card issuers shows that interest rates on new credit card offers have remained steady for a record fourth consecutive week.



by Carolyn Spiel

Kohls Transfer Cards To Capital One

Kohls Transfer Cards To Capital One

Tuesday, Kohl’s Department Store announced that the transfer of their store brand credit card accounts to Capital One Financial Corp. had been completed as of April 1, 2011.



by Brian Weston




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