Capital One survey suggests rewards credit card users are getting bored
Credit card holders prefer everyday cash back rebates to one-time signup bonuses, according to the latest Capital One Rewards Barometer report. However, the study also reveals that existing cash back card users may need more retail incentives to avoid getting bored with their banks.
In February, researchers at BIGinsight asked more than 1,000 consumers with rewards [...]
Chase unveils United MileagePlus Club Card
A new credit card has been announced by Chase Card Services. The United MileagePlus Club Card is the latest offering by Chase and its partnership with United Airlines. The co-branded credit card was announced by Chase through its recent press release.
The new rewards credit card will offer 2 miles for every dollar spent on tickets [...]
Verizon researchers claim 97 percent of data breaches could have been prevented
Credit card numbers, email addresses, and passwords were just some of the 174 million compromised records the Verizon RISK Team studied for their annual review of the nation's data security. Cybercriminals rarely have to rely on an "inside man," since 98 percent of the security incidents Verizon studied generated from external sources. Instead, Verizon's security [...]
Identity Theft / Credit Card Fraud
Angie's List founder advocates credit card payments for contractors
Credit card payments have become the best way to ensure quality work from contractors, according to Angie Hicks, the founder of service professionals directory Angie's List. Yet, based on pleas from vendors to avoid merchant fees or taxes, many customers still pay in cash or with checks.
"Homeowners are still whipping out their checkbooks when it [...]
Credit Card Acceptance
Debit, credit cards have not yet yielded to the smartphone
Americans don't write as many checks as they used to, but they're not yet ready to turn their financial lives over to their cell phone provider. Those results headline a new study commissioned by American Express and involving 1,600 American consumers. Researchers found that younger Americans drive new technology adoption, but older Americans' fears around [...]
Testing / Technology
American Express to sell prepaid cards through Office Depot stores
American Express will make its reloadable prepaid card available for purchase at Office Depot stores, the company announced in a press release. More than 1,100 Office Depot locations will be selling the card for a one-time fee of $4.95 and customers can load up to $500 on it at the register. The agreement marks the [...]
Secured / Prepaid Credit Cards, American Express
Social apps from CardSpring and American Express link credit cards to coupons
Attendees at this year's SXSW tested CardSpring, a new service that links credit cards to discount deals without requiring coupons. To participate, users register their account details online or through a smartphone application. When shopping at participating merchants, point-of-sale systems connected to CardSpring's database recognize a user's registered credit card number. The POS device deducts [...]
American Express, Testing / Technology
Citi and Citgo renew credit card agreement
In a recent press release, Citi Retail Services announced its renewal of its private label credit card with Citgo. The two companies have had a relationship since 1995. The new agreement is a multi-year deal to continue that relationship.
The Citgo Plus Card is good at any of the petroleum company's more than 6,000 locations in [...]
Credit cards for fair credit boost TransUnion's Credit Risk Index
Credit cards for fair credit and poor credit have returned in force after a few years on the market's back burners, according to analysts at TransUnion. As a result, the credit reporting agency's leading risk indicator has returned to a level last seen at the start of the country's financial crisis.
TU's Credit Risk Index notched [...]
Credit Scoring / Reporting
Chase probed for improper debt recovery practices
The Office of the Comptroller of Currency, a federal regulatory agency, is looking into allegations that JP Morgan Chase & Co. has been wrongly collecting judgments against "tens of thousands" of delinquent credit card borrowers. The details of the probe have not been released, but early information indicates a poor computer network, a problem American [...]