Card Delinquents

Credit card delinquencies, based on total dollars outstanding, rose for the third consecutive quarter, soaring to nearly 6.7%. Consumers are working hard to get their financial houses in order by spending less, saving more and paying down debt. But thereâs still a bumpy road ahead with many people unemployed and family budgets stretched to their…

Winner-for-Life

Through February 28th, Visa cardholders in the U.S. will automatically be entered for a chance to win a trip to the “Olympic Winter Games” for the rest of their lives when they use their Visa card. The “Visa Olympic Winter Games Trip for Life Sweepstakes” is part of the companyâs comprehensive Olympic-themed marketing campaign for…

The HomeCard

A new credit/debit card designed to help home buyers save for a down payment is set to debut in 2010. With the new “HomeCard,” consumers can earn up to 25% cash-back on everyday purchases which can be deposited into an interest bearing FDIC insured savings account to help speed savings for down payments or to…

Disney Debit

Mickey and Minnie are joining the debit card parade. The new “Disney Rewards Visa Debit Card” from Chase offers an array of Disney perks and rewards. Benefits include a “Character Meet ‘N’ Greet Photo Opportunity” at Walt Disney World and the Disneyland Resorts that includes a complimentary 5×7 photo. Ten percent off select merchandise purchases…

2009 Cards

With new credit card rules in place the top issuers launched more consumer and business friendly products in 2009. Among the best new card products of the year is a truly “green” card and a debit card with discounts for teens. cardtrakcomstg.wpengine.com has compiled a list of the ten best new cards of 2009. And…

Lost Cash

A new survey shows Americans lose track of about $21 in cash spending each week, while young adults indicate they cannot account for about $50 per week. Visa says its survey shows that consumers need to use debit cards more, rather than hard cash. Other recent surveys have shown that due to the hassles of…

Gold Card

The first real gold credit card is being planned for the U.S. The “Gold Bullion Credit Card” will be the first Visa or MasterCard to be backed by gold bullion or gold bullion coins. It is a product of Gold Solutions Marketing and TransMedia. TransMedia will publicize how gold coins and bullion held as collateral…

Card Disputes

A four-year old lawsuit over the use of mandatory arbitration to settle credit card and debt collection disputes is heading toward an end. This week, Bank of America reached a tentative settlement to drop the arbitration clause and class action ban from its consumer and small business credit card agreements for at least 3.5 years…

ClearPoints

A credit card you would be happy to give your Grandmother has entered the marketplace. Thanks to the “CARD Act” Sunbelt-based BBVA Compass introduced the “BBVA Compass ClearPoints” credit card that features clear, simple and transparent terms and conditions, as well as pricing terms that will never change. The “BBVA Compass ClearPoints” card is the…

Untightening

Americans are slowly opening their wallets this holiday season. Consumers have increased their retail spending 24% in November and the outlook for planned purchasing in December is strong. The Past 30-Day Retail Index for November is now 11.2 while over the next 30 days it is projected to increase 36%. Consumer sentiment, however, remains low…