FreeMac VISA

How would you like to earn a free computer for opening a new VISA account? It will be possible this fall as a brand new company called FreeMac.com is launched. FreeMac.com will be the first company in the world to give away one million Apple ‘iMac’ computers. Scheduled to launch in September, FreeMac.com will give…

Business Priority Club

The first business credit card offered by a hotel rewards program hit the scene this week. The ‘Priority Club Worldwide Business VISA’, offered by Bass Hotels & Resorts and First USA, allows each company employee cardholder to earn points for free hotel nights, frequent flyer miles, merchandise and shopping rewards. The new card program also…

Kroger Card – New & Improved

After six years with Fifth Third Bank the Kroger bank credit card has switched to U.S. Bancorp. The new and improved ‘Kroger VISA Rewards’ card was introduced last week to store customers in Cincinnati, Houston and Dallas/Ft. Worth. The new card offer a range of awards including free groceries at Kroger stores, free airline tickets,…

1999 VISA Magic Moments

VISA Magic Moments Return this year! For consumers the contest will basically be the same as last year’s, each day from November 1 through December 31, VISA will randomly select a one-second moment when U.S. issued VISA card purchases are free, regardless of the amount. Cardholders win if their VISA purchase’s processing time stamp matches…

Not Best Cardholders

Consumers who signup for credit cards on the Internet are not ideal cardholders says J.D. Power. A forthcoming study by J.D. Power and Associates concludes that consumers who apply for a credit card through the Internet carry higher balances but are more likely to miss payments. The ‘1999 Comprehensive Credit Cardholder Market Study’, to be…

Loose Change

A new survey estimates that $7.7 billion of out-of-circulation change is sitting in American households. According to the “Coinstar National Currency Poll – A Periodic Look at Americans and Their Money”, the typical American consumer has a stash of change valued at approximately $30. Coinstar, a manufacturer of a self-service coin counting machine and sponsor…

Breaking Ground

As most major card issuers have jacked up late payment fees and over-limit fees to $29, South Dakota-based Green Tree Retail Services Bank has taken its fees to the $30 level. Like the 19.80% fixed interest rate of the 1980’s, the $29 late fee and over-limit fee has come to signify what the consumer market…

Sears Premier Card

Sears, Roebuck and Co. wants to reward its best customers with the ‘Sears Premier Card’. The new program is designed to recognize and reward customers who have made ‘Sears Card’ purchases totaling at least $600 in the previous 12 months. A newly designed blue and gold credit card will replace the current ‘Sears Card’ held…

Elvis is Back

The King has returned! The Elvis Presley credit card has been resurrected! Elvis Presley Enterprises Inc. announced this week that it has signed an affinity card deal with MBNA America to issue the official ‘Elvis Presley’ credit card. The new card will benefit the Elvis Presley Charitable Foundation’s Presley Place, a transitional-housing project that will…

Computer Error

In the continuing story of Providian’s credit card woes, the issuer said this week that recent cardholder lawsuits were primarily related to a “programming error” it recently identified. Providian says the “programming error”, which occurred over a period of months, resulted in the erroneous billing of late fees related to specific weekend days. The issuer…