2008 Resolutions

The boring month of January is a great time to give your credit cards and other loans a real tune-up. Get your act together early and reap the benefits all year long. The editors of cardtrakcomstg.wpengine.com have come up with a no-B.S. list of ten things all credit using consumers should do ASAP in 2008.…

Procrastinators

Holiday sales are being spiked this week by male shoppers, the perennial last minute shoppers. A new survey found that at the start of this week nearly one in five men had yet to begin their holiday shopping. Another poll found that 24% of shoppers will not finish until December 23rd or later, 10% will…

Fixed Rates

Credit card rates have been declining all year in tandem with short-term interest rate cuts by the Fed. As a result fixed rates are returning, as 39% of offers received by U.S. households in October promoted fixed APRs compared to just 29% during the third quarter. Historically, credit card issuers migrate to variable rates when…

Teen Gifts

American teens plan to purchase three gift cards, mostly store cards, this holiday season. However, about half of teens would like to receive a gift card that they can use anywhere. The new poll from First Data also reveals that 26% of teens plan to purchase more gift cards this holiday season than last. The…

Get Smart

A new website has been launched to help consumers up the credit learning curve. Thirteen credit card issuers have teamed with the American Bankers Association Education Foundation to launch the new site. The new website features free interactive online tools and information from the ABAEF and various financial institutions, including programs and articles. Interactive games…

Going Green

A new survey reveals that 49% of all American adults say they will make a “green” New Year’s resolution this year. The findings are good news for the payment card industry which has been undertaking “green” initiatives such as developing new cards with “green” benefits and by encouraging cardholders to sign-up for online statements. The…

WalletLock

A new service is being offered that eliminates the hassle of replacing all the stuff in a lost wallet. The new “WalletLock” service from LifeLock enables consumers to make one call to start the process of having all lost or stolen credit cards, drivers license, and other important items canceled and replaced. Replacement documents include:…

Discover.com

Forget discovercard.com, the Discover card has finally landed discover.com. The nation’s fourth largest payment card network has also beefed-up its Web site offering a more simplified and informative experience. New tools such as the “Help Me Choose” function help consumers choose a card that’s right for them, and simple disclosures and easy-to-understand rate information provide…

Online Splurge

The magic word driving online sales this year is “Free Shipping” however, last-minute discounts help too. More than $22 billion has been spent online during the season-to-date, marking an 18% gain versus the corresponding days last year. Monday, December 10th reached $881 million in sales (up 33%), registering as the heaviest online spending day of…

Credit Reports

The nation’s largest consumer credit bureau is beefing-up its online personal credit report service. Under a new format, Equifax Online will provide on the front page of the credit report a detailed summary of a consumer’s credit history, including accounts, debt-to-credit ratios, account age, and potential negative credit histories — all on one page. Each…