Chase Credit Cards First to Offer New “Blink” Technology to Cardmembers

Posted On: September 15, 2005

By Lydia H. Verret, CardRatings.com Staff Writer

Chase Bank U.S.A., N.A., a division of JPMorgan Chase & Co., recently issued over 200,000 United Mileage Plus Visa credit cards featuring a contactless technology called “blink” to cardmembers in Colorado, a United Airlines hub location.
To use the United Mileage Plus Visa credit card with “blink”, instead of swiping [...]

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Credit Card Issuers Providing Relief Programs to Those Affected by Katrina

Posted On: September 14, 2005

By Rebecca Lindsey, CardRatings.com Senior Staff Writer

Starting over from scratch is never easy, and to those hit hardest by Hurricane Katrina a little financial assistance can go a long way.
American citizens are stepping up to the plate to volunteer money, time and anything else that is needed. Credit card issuers are also [...]

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Consumer Credit Card Protection Act of 2005 Seeks to Eliminate Anti-Consumer Practices

Posted On: September 13, 2005

By Rebecca Lindsey, CardRatings.com Senior Staff Writer

Critics of credit card issuers have long complained about ambiguous practices that result in interest rate hikes and increased fees for cardholders.
In late July 2005, legislation was introduced that would help limit some of the common practices used by credit card issuers to raise cardholder fees.  &nbspThe; proposed legislation, [...]

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American Express Announces Membership Rewards Credit Card Enhancement

Posted On: September 12, 2005

By Amy L. Cooper-Arnold, CardRatings.com Staff WriterAmerican Express recently announced an added benefit to their Membership Rewards program.   Cardmembers can now go to www.americanexpress.com/travel to redeem their points directly for any airline ticket, cruise, and lowest rate guaranteed hotel room.   This; new web site, powered by Travelocity, adds another layer of flexibility giving Cardmembers the [...]

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Citibank Offers Credit Education Workshops to College Students Across the U.S.

Posted On: September 9, 2005

By Lydia H. Verret, CardRatings.com Staff Writer
CitiGroup recently launched the Credit-ED Challenge, an hour long, interactive, free financial educational workshop for college students.    According to a recent study, only 25% of students surveyed believe their college offers them the knowledge to use credit wisely.
In addition to the Credit-ED Challenge being offered at college [...]

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MasterCard Announces Plans to Become a Publicly Traded Company

Posted On: September 8, 2005

By Lydia H. Verret, CardRatings.com Staff Writer

MasterCard, Incorporated recently announced plans to make major changes in their corporate structure including a new corporate governance and open ownership structure.   This will include the appointment of a new board of directors made up of independent directors and establishing a charitable foundation.   In addition, [...]

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High Profile Suit Brings Eight Credit Card Issuers under Fire, Alleges Arbitration Conspiracy

Posted On: September 7, 2005

By Rebecca Lindsey, CardRatings.com Senior Staff Writer

A lawsuit filed in New York federal court alleges that eight banks named in the suit conspired to impose arbitration agreements upon their credit card holders.
Filed in early August on behalf of seven plaintiffs from across the United States, the suit alleges that some of the banks named convened [...]

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Low Rate Credit Cards- A Consumer Primer

Posted On: September 6, 2005

By Amy L. Cooper-Arnold, CardRatings.com Staff Writer

Credit card balances are rising faster than consumers can pay them off. And with a high interest rate card it can be difficult to even make a dent in debt. According to Consumer Action, a non-profit, membership-based organization, a March 2004 survey revealed that only 39% of the people [...]

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Free Annual Credit Report from the Big Three Credit Bureaus Now Available to All Consumers

Posted On: September 2, 2005

After nearly a year long phase-in, consumers across the United States now have the right to an annual free credit report from each of the three main credit reporting agencies—Equifax, Experian, and TransUnion. As of September 1 the last regions phased in included the Eastern states, the District of Columbia, Puerto Rico and all U.S. [...]

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United Mileage Plus Visa Credit Card Offering Double Miles for School Expenses, Including Tuition and Room and Board

Posted On: September 1, 2005

Through December 31, 2005, United Mileage Plus Visa credit card is now offering double miles on qualified school expenses paid to schools.    Public schools, private schools, elementary and secondary schools, college (including junior colleges) and universities are eligible for this limited time offer.   Cardholders will earn double miles on every dollar that they spend [...]

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