Credit Cards News. Tag: 'increase'
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.
The city of Boston recently mandated that all cabdrivers were to accept credit card payments. This has been a mixed blessing for cabdrivers.
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 …
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.
MasterCard Worldwide has launched a brand new marketing campaign to raise public awareness of the new and improved features of their World Elite MasterCard.
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.
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.
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.
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.
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 …
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.
Chairman of the Federal Reserve, Ben S. Bernanake announce to lawmakers on Wednesday that the central bank will miss the April 21 deadline for the proposed $0.12 cap on debit card interchange fees.