Credit card thieves target hotel guests in their rooms
The latest credit card theft scheme is a play on the usual phone call scam, with an interesting twist: thieves are attempting to catch unsuspecting cardholders unawares by waking them in the middle of the night in their hotel rooms and pretending to be hotel staff.
Credit card thieves have developed a new scam for hotel [...]
Identity Theft / Credit Card Fraud
Prepaid credit card users: Prepare for higher fees
What's a low-income family to do when their credit card rates get hiked? Prepaid card offers, once solely marketed to low-income consumers, have become trendy in a recovering economy where everyone is trying to tighten their purse strings.
But along with their popularity come new fees and charges that will affect not only the wealthier consumers [...]
Secured / Prepaid Credit Cards
Consumers use credit card "free money" to help cover summer vacation costs
Rewards credit cards will help Americans preserve their vacation plans in spite of rising travel costs this summer, according to a new survey commissioned by Capital One. In the spring 2011 edition of the credit card issuer's quarterly Capital One Rewards Barometer, consumers revealed a new hunger for high value bonus and redemption options.
Although more [...]
Rewards / Travel Cards, Capital One
Chase, Ritz-Carlton launch new luxury rewards credit card
"Access to the Extraordinary" is the tag line of the new Ritz-Carlton Rewards Credit Card. Launched on June 9, 2011 by the Ritz-Carlton Hotel Company L.L.C. and J.P. Morgan Chase & Co., this premium rewards card is the first and only card to carry the Ritz-Carlton name, offering rewards specific to the hotel and its [...]
Chase Bank, Rewards / Travel Cards
How will swipe fee limits affect credit card holders?
Merchants and credit card companies are still fighting it out over the planned reduction of swipe fees, a rule by the Federal Reserve that will limit the excessive fees currently charged by banks and credit card companies with each swipe.
The proposed cap is being promoted as a way to save consumers money at retail stores, [...]
Credit Card Interest Rates / Fees, How Credit Cards Work
MasterCard ad campaign aims to lure customers from American Express, Visa Signature
MasterCard Worldwide officials announced an advertising campaign to highlight new benefits of the brand's World Elite premium credit cards. The marketing push arrives as credit card issuers step up competition over less risky, high income borrowers. Positioned as an alternative to the American Express Centurion Card and the Visa Signature Card, MasterCard World Elite credit [...]
MasterCard PriceAssure locks in lowest airfares on participating airlines
Travelers now have a major incentive to use MasterCard when purchasing airline tickets, with the debut of a new airfare price assurance program.
In a statement to reporters, company spokesperson Chris Aguas revealed that a MasterCard consumer survey showed 77 percent of travelers worry about timing their purchases to get the best deal on airfares.
The payment [...]
Rewards / Travel Cards, MasterCard
American Express opens exclusive Universal Studios lounge in Orlando
American Express continues to expand its exclusive member entertainment program with a new lounge opening in Orlando's Universal Studios Florida on May 10. In a statement to reporters, AmEx spokesperson Shane Berry expressed hope that the new benefit would let traveling Cardmembers "relax, refresh, and recharge." Cardmembers will enjoy access to complimentary chilled beverages in [...]
Visa launches text-message discounts for Gap customers
Credit card giant Visa has partnered with Gap to provide customers with a new loyalty program offering immediate discounts and savings at Gap clothing stores to Visa credit card holders. The program, dubbed "Gap Mobile 4U," has reportedly been in testing since late 2010, and represents the first of perhaps many new partnered discounts that [...]
Visa, Testing / Technology
Chase upstages Wells Fargo with first major "chip-and-PIN" credit card launch
Chase isn't content to let Wells Fargo launch the first "chip-and-PIN" credit cards in the United States. After Wells Fargo announced plans to pilot the European-style security feature on 15,000 of its new credit cards later this year, officials from JP Morgan Chase announced plans to launch Chase's own version of the EMV chip in [...]