Sheetz blink

Holy Sheetz Batman! You can now buy stuff in a convenience store in a blink instead of in a jiffy. Pennsylvania-based Sheetz has become the first retailer to launch a cobranded contactless credit card and to accept the three major “tap’n go” payment systems. The new “Sheetz MasterCard with blink,” issued by Chase, features the…

Discover China

While Discover credit cards are generally not accepted outside the USA, a new deal will soon enable cardholders to make purchases and get ATM cash in China. As part of the deal, cardholders of China UnionPay will eventually be able to use their cards in the USA. The agreement calls for Discover cards to be…

UAL Platinum Class

While United Airlines’ jet fleet is dwindling, its card fleet is expanding. The new “United Mileage Plus Platinum Class Signature VISA,” which carries a $140 annual fee, offers all cardholders, regardless of their United status, the ability to earn unlimited miles from purchases. Before today’s launch, United/Chase credit cards typically carried a 60,000 mile annual…

April Bankruptcy

Americans filed a record number of bankruptcy petitions in April as the clock began to tick on new laws to take effect on October 17th. More than 170,000 filings were made during April, compared to 145,543 for April 2004. The 16.0% gain for April is the second month in a row that filings have moved…

QSR Q1

“Hold the pickles, hold the lettuce, credit cards don’t upset us” – Americans charged $6.6 billion in quick service restaurants (QSR) during the first three months of this year, a 57% increase over the same year-ago period. Based on the current growth rate for the first quarter, the amount of fast food put on plastic…

SkyPoints Card

You can now land a big discount on a discount airline. A new credit card is taking off that enables consumers to purchase the lowest fare on any Delta flight and then apply a discount up to $375. American Express and Delta this week introduced the new card that provides discounts on Delta, Delta Connection,…

Students and Plastic

The current crop of college undergraduates apparently has their credit act together. A new study, based on credit bureau data and a student survey, reveals that student credit card balances have declined more than 7%, and that the number of credit cards in student wallets has dropped nearly 4% since 2001. The Nellie Mae report…

Card Numbers

There are now three general purpose payment cards for every man, woman, and child in the USA. As of March 31st, there were 901.3 million credit and debit cards in circulation carrying the VISA, MasterCard, American Express, or Discover brand. With 109 million American households, the average breaks out to 8.3 per household. The latest…

Minority Report

A new study reveals that African-American and Hispanic households are more likely to be in credit card debt than their white counterparts. The report shows that the percent of cardholders carrying a balance stood at 84% for African-Americans, 75% for Hispanics, and 50% for whites. According to New York-based Demos, between 1998 and 2001, Latino…

Cheque Card

American Express has launched a prepaid, reloadable card version of its popular paper-based “Travelers Cheques.” The new “Travelers Cheque Card” is being pitted against bank-issued debit cards as a safer travel alternative since it is not linked to a bank account and can be refunded in 24 hours. Furthermore, AmEx says a recent survey showed…