Gift Cards

A survey conducted this month has found that 59% of all consumers received a gift card or certificate this holiday season, and that by January 5th, 50% of gift card recipients had already redeemed some or all of their cards. According to the survey, on average, consumers received 2.5 gift cards that had a combined…

Card Miles

Reward credit cards offering air miles, and not affiliated with any airline, average 1.6 cents per mile, significantly less than the 2.5 to 3.0 cents per mile offered by credit cards sponsored by a specific airline. However, the non-affiliated air mile programs do offer lower redemption thresholds than the typical 25,000 miles needed to get…

Elvis Returns

Elvis has been sighted again and this time he is on the front of a “MasterCard Gift Card.” There is also a special Web site to order the new, limited edition gift cards, in amounts ranging between $25 and $100. Memphis-based Clarity Payment Solutions has partnered with Elvis Presley Enterprises and KeyBank, to market and…

Plastic Holiday

The final tally on retail spending via major payment cards, during the recently concluded holiday season, show Americans racked up 7% more than the previous year. Consumers used their VISA, MasterCard, American Express, and Discover credit and debit cards to charge $118.5 billion in retail spending between November 17th and December 26th. Consumers charged $90.0…

Go Miles Card

The “No Hassle” credit card issuer has introduced a new airline travel credit card that reimburses you for buying a plane ticket on the cheap. The new “Go Miles VISA or MasterCard” from Capital One enables cardholders to shop for the lowest fares and most convenient itineraries, charge the ticket to the card, and then…

Payment Points

Citibank has launched a program to reward on-time cardholders with points. The new “Citi Card Payment Rewards” program offers one point for each on-time dollar paid. Cardholders who make six consecutive on-time payments receive 600 bonus points. Cardholders who sign up for the “AutoPay” service receive an extra 250 points. Points can be redeemed for…

Adult Delinquency

There is nothing juvenile about it, there is a growing number of adult delinquents. The number of past-due credit card accounts hit an all-time high of 4.09% in the three-month period ending September 30th. Based on total dollars outstanding credit card delinquencies moved upward to 4.66% during the third quarter, a 15 basis point increase…

Debt or Diet?

More Americans would rather get fiscally fit then physically fit this year. A recent survey on New Year’s resolutions reveals that 28% of consumers want to get out of debt while 27% say losing weight and exercising is their top goal of 2004. This is the first in at least three years that more Americans…

Triple Dip

The popular hotel guest program offering the famous “Double Dip” is now adding another way to earn rewards this winter. Hilton’s “HHonors” program will award an extra 500 points to members who book and pay with their VISA cards at Hilton’s Web site through March 31st. Hilton and VISA have also launched a sweepstakes to…

Cocky Capital One

After sorting through 4.6 million votes cast between September and December, the nation’s 4th largest issuer of credit cards has named college football’s “National Mascot of the Year.” Cocky, from the University of South Carolina, beat out 11 other college mascots for the title. In addition to bragging rights, commercial and photo shoots and general…