Curtis Arnold
Curtis Arnold, Editor-in-Chief
Joe Taylor
Joe Taylor Jr., Reporter
Amber Stubbs
Amber Stubbs, Managing Editor

July 2005

Visa and American Express Will Discontinue Business with CardSystems

Written by CardRatings.com
Posted On: July 26, 2005

Visa and American Express informed CardSystems Solutions, Inc. that they will discontinue business with CardSystems effective October 31, 2005 due to the recent CardSystems security breach that exposed 40 million consumers to possible fraud.    However, MasterCard and Discover intend to continue their business relationship with CardSystems as long as CardSystems will become fully compliant [...]

Posted in American Express Credit Card | Visa Credit Card | 0 Comments

Bank One Credit Card

Written by Amber Stubbs
Posted On: July 26, 2005

Author: Milavant Title: Bank One Credit Card Date: Thu Jan 06, 2005 8:35 pm How do you decide whether to keep (and use) a 1% Flexible Rewards Visa card issued by Bank One with a $14,500 limit? I have two other (better) cards I use regularly (AMEX Cashback and Chase Perfectcard), and it appears that I [...]

Posted in Credit Card Companies | 0 Comments

Credit Card Membership Club Scam- Lawsuit Filed Against Chase by CA Attorney General

Written by CardRatings.com
Posted On: July 21, 2005

California Attorney General Bill Lockyer recently filed a lawsuit against Chase Bank and Trilegiant Corporation for violating California laws prohibiting false or deceptive advertising and unfair business practices.    The named defendants include: Chase Bank, USA and Chase Manhattan Mortgage Corp. (Chase); and Trilegiant Corp. and TRL Group, Inc. The complaint alleges that the defendants [...]

Posted in Chase Credit Card | Credit Card Laws | 0 Comments

Study Finds Credit Union Credit Cards More Consumer Friendly Than Bank Issued Credit Cards

Written by CardRatings.com
Posted On: July 19, 2005

The Woodstock Institute recently released a report entitled "Blindfolded Into Debt: A Comparison of Credit Card Costs and Conditions at Banks and Credit Union."    It suggests that the very confusing terms and conditions used by bank credit cards contribute to increasing consumer debt. The report also indicates that credit cards issued by credit [...]

Posted in Credit Card Companies | 0 Comments

Average Credit Card Industry Executive Compensation Climbs 77% in 2004

Written by Mike Killian
Posted On: July 15, 2005

Salaries and bonuses of credit card industry executives were up at most companies in 2004, but bonuses plus salaries actually declined as a percentage of total compensation from 2003 according to Cards&Payments;, Source Media's magazine covering changes in the credit card industry. The average compensation among the card industry executives investigated by Cards&Payments; Magazine was [...]

Posted in Credit Card Companies | 0 Comments

Teaching Children to Save Linked to Avoiding Credit Card Debt

Written by CardRatings.com
Posted On: July 12, 2005

It's a Habit!, a publishing company located in Los Angeles that strives to educate children about personal finance issues through innovative approaches, recently announced that it has acquired the rights to "Sammy and the Karate Carrot," written by then third grader, Ryan Kang. Sam X. Renick, author and founder of the It's a Habit! Company, [...]

Posted in Credit Card Debt / Settlement | 0 Comments

Credit Card Debt Counseling Options Becoming More Limited

Written by CardRatings.com
Posted On: July 7, 2005

Rising minimum credit card payments, reduced credit and debt consolidation options and the new bankruptcy law will cause problems for many consumers, according to Michael T. Killian of credit.about.com.    Credit and debt management are becoming key issues for consumers.   Beginning credit management early is the key to success according to Killian. Jim Young of Accelerated [...]

Posted in Credit Card Debt / Settlement | 0 Comments

Bank of America and MBNA Merger Will Result in Major Shakeup in the Card Industry

Written by
Posted On: July 6, 2005

Bank of America recently announced a final agreement to obtain MBNA Corporation.    This will combine the largest bank in the U.S. with a major provider of credit cards and payment methods and will greatly improve Bank of America customer reach and product mix. Upon completion, Bank of America will become one of the largest [...]

Posted in Credit Card Companies | 0 Comments