PAYROLL MASTERCARD

A new credit card linked to your paycheck is in the works. The e-Duction MasterCard enables employees to access a credit line based on their salary and to spread out their purchases up to six months, interest-free. Credit limits are set at 2.5% of annual gross salary. With the e-Duction MasterCard, employees can “e-Duct” their…

DIVIDEND BIZ CARD

Business credit cards keep getting sweeter. This week Bank of America is hitting business owners’ mailboxes with a solicitation for its new Dividend Miles VISA Business Card. Under the business card version of the US Airways/Bank of America co-branded program, cardholders earn one Dividend Mile for each $1 spent in net purchases and two miles…

FIN VS PIN

Punching a PIN to use a debit card may soon be replaced by biometrics. A major credit card terminal manufacturer last week unveiled a new system that utilizes fingerprint-derived identification technology at the point-of-sale that does not infringe upon individual privacy. The new Hypercom system employs a finger-scanning pad connected to the payment card terminal,…

Tight Wads

Unless Americans pull out their credit cards and jam stores this week, the 2001 holiday shopping season is more or less a bust. With eight shopping days till Christmas, retailers have cut prices so deeply that an “After-Christmas Sale” will be a non-event. A new survey released today confirms that consumers are keeping a tight…

Citi Smart Card

The nation’s largest bank credit card issuer and the world’s second largest payment card network have jumped into the U.S. smart card arena. Citibank and MasterCard launched the Citi Smart Card this week offering a free smart card reader and a free electronic wallet. The new card is now available with instant online approval and…

Dining VISA

If you’re thinking about buying a gift card for a dining experience, you no longer have to be hemmed-in with a specific restaurant. This week, Mississippi-based The Dinnerguest Company unveiled a prepaid VISA gift card that can be used at nearly any restaurant in the world. The Dinnerguest Card is available online and in denominations…

Non Event

Today’s Fed interest rate cut, which will drive the prime rate down to 4.75% over the next 24 hours, will essentially be a non-event for credit cardholders. While a few credit cards may decline in January as a result of today’s rate cut, the vast majority of credit cards will be unaffected. The primary reason…

Stockback MasterCard

If you’re thinking about jumping back into the stock market there is a new credit card that might get you ahead of the curve and with little risk. Chase and Stockback Capital have teamed up to offer a MasterCard that gives you up to 11% of your purchases back in the form of rewards that…

Office Depot Card

The business card market continues to heat up as more and more issuers offer such cards with generous rewards programs. This week, Office Depot and Chase launched a VISA Platinum Business Card that enables cardholders to earn 2 points for every dollar spent at Office Depot and 1 point for every dollar spent elsewhere. The…

Montage Card

Diners Club has unwrapped its first revolving credit card in the United States. The new card also enables cardholders to customize their perks. The Diners Club Montage Card offers three membership levels: Complimentary Benefits, Selected Benefits and Complete Benefits. Complimentary Benefits, which carries no annual fee, includes such benefits as travel accident insurance, a restaurant…