Blueprint

After two years of planning and research Chase announced an online consumer credit management toolkit. The new tools are fully integrated into customers’ accounts, enabling them to create customized payment plans and track their progress on every statement, either online or on the phone working with a Chase advisor. The new “Chase Blueprint” offers four…

Debit Gotcha

As more consumers pull out debit cards to pay for stuff, they may not realize that a screw-up on a debit card can be more costly than on a credit card. For example, if you are maxed out on your credit card and then make ten $10 over-limit transactions you’ll be hit with an average…

Gazillion Points

Whipping out your MasterCard at a Best Western this Fall could earn you double, triple or quadruple “Rewards” points! According to CardTrak’s “Card Incentives”, the special offer runs through November 22nd. Guests who are staying any two, three, or four nights this fall will earn double, triple or quadruple points for using a MasterCard. This…

Walmart ePay

The nation’s retailing Goliath has gone green and high tech this month with its payroll. The “Money Network MasterCard Paycard” is part of a new electronic pay program that also includes electronic pay stubs and electronic checks. Under the new program Walmart and Sam’s Club associates may receive their pay either by direct deposit or…

Summer Debt

Consumer revolving credit, mostly credit card debt, took another dive as Americans cut more than $6 billion off in July, bringing the year-to-date total reduction to $52 billion. Posting its eleventh consecutive monthly decline, U.S. consumer revolving credit dipped to $906 billion in July. Since peaking at a revised $975 billion in the third quarter…

Elvis Lives

As the ELVIS anagram portends LIVES, the King’s legacy continues with the release of an updated credit card. The new “Elvis Presley Visa” features a rare photo of Elvis at Graceland. There are a total of five card designs that will released this fall. A majority of the new card proceeds will benefit the Elvis…

Bankruptcy Pulse

The year-on-year growth in the number of U.S. consumer bankruptcy filings downshifted in August but represented the fifth highest month among the past 12 months. In August, filings rose at a 24% annual clip, compared to a 34% annual pace in the prior month. According to the American Bankruptcy Institute and the National Bankruptcy Research,…

Bestest Cards

The results are in and the best credit cards for customer satisfaction are NOT Visa and MasterCard. The J.D. Power and Associates “2009 Credit Card Satisfaction Study” ranks American Express and Discover as first and second, respectively, in overall satisfaction. American Express performs particularly well in the rewards, benefits and services, and billing and payment…

Credit Abyss

A new study shows more consumers are sinking into the deadbeat category of sub-prime and deep sub-prime credit scores. Meanwhile, the same study reveals that banks are being plagued by “strategic defaulters,” or those borrowers who default on their mortgages only because the value of their home has declined well below their mortgage balance. According…

School Package

With 84% of college undergraduates holding at least one credit card, card issuers are allowed to aggressively market to this demographic for only 5 more months before legislation puts on the brakes in February 2010. Students on campuses across the Country are in the cross hairs this fall, more than half of whom have four…