Americans donating to a group of disaster relief organizations can stretch their gifts by using MasterCard, thanks to a pledge from the global payment platform provider. Company officials announced plans to waive interchange fees on relief donations made by American MasterCard holders to select non-profit organizations. Eligible charities include:
American Red Cross
Doctors Without Borders
International Rescue [...]
American Express "unlocked" Austin, Texas, with an experimental preview of new social shopping technology it pioneered with help from Foursquare. By linking their credit card accounts with their Foursquare profiles, attendees at the SXSW Interactive Festival automatically enjoyed special merchant discounts and benefits without having to share coupons or bar codes.
Foursquare users "check in" to [...]
Editor's Note: This limited time offer has expired and is no longer available.
For a limited time beginning March 10, 2011, Capital One is promoting their Venture rewards credit card with up to 100,000 free points for new customers with airline reward miles.
Anyone who applies for the Capital One Venture Rewards Credit Card during this period [...]
Five more non-profit organizations will enjoy grants of $200,000 each, thanks to online votes from American Express Cardmembers:
AIDS Healthcare Foundation: The Health & Wellness category winner will use Members Project funding to deliver lifesaving treatment to underserved communities.
Alvin Ailey American Dance Theater: The well-known dance company will use its Arts & Culture award to fund [...]
Companies using business credit cards from Citizens Bank will soon enjoy access to advanced reporting and compliance tools, according to bank officials. A partnership between Citizens Financial Group and MasterCard Worldwide will bring the payment platform provider's inControl suite of services to one of the most prominent U.S. credit card issuers.
In a statement to reporters, [...]
A recent Equifax survey shows that in debt-ridden America, people living in small towns have less credit card debt than residents of large cities.
It's easy to speculate on why this is happening--lower real estate costs, fewer technological toys, and scarcer entertainment opportunities are all likely factors--but attitudes toward debt and spending may also account for [...]
Rising gas prices made American consumers nervous enough to backpedal slightly in Discover Card's monthly consumer confidence survey during February. According to company officials, a loss of a single percentage point on the credit card issuer's Discover U.S. Spending Monitor index breaks the positive trend of the previous two months.
Nervous about tensions in the Middle [...]
Consumers who get bad news during an instant approval credit card application could get free copies of their credit scores, once the Federal Reserve begins enforcement of a new disclosure rule this spring. In a pair of proposals published to the Federal Reserve's website, the agency outlines the ideal template for the rejection letter a [...]
Half of American small business owners encountered short term cash flow problems in February 2011, according to new research commissioned by Discover Card. Most participants in the latest Discover Small Business Watch Index reported seeing overall improvement in the economy. However, rising gas prices and year-end bills on business credit cards have forced many small [...]
Companies may have tightened budgets during the recession, but a new American Express report shows that strategic travel spending has increased in the past year. Researchers with American Express Business Insights reviewed spending patterns among tens of thousands of merchants in their credit card processing network during the fourth quarter of 2010.
The AmEx study revealed [...]
Small business owners feel optimistic about the next 12 months, according to a new survey commissioned by Capital One. The Small Business Barometer reports that most company owners, while reluctant to hire additional workers, remain hopeful that their 2011 earnings will outpace those of 2010. Another 35 percent of survey respondents told researchers they expected [...]
American retailers weathered fears of a slump in January 2011 to post their biggest year-over-year gains since April 2010, according to a new report from MasterCard Advisors. Factoring out automotive sales, MasterCard Advisors' SpendingPulse reported retail growth of 5.5 percent in January 2011 compared to the same period a year earlier. When using seasonally adjusted [...]
The Consumer Financial Protection Bureau may not get its full authority until the summer of 2011, but one consumer watchdog group wants to use the agency's warm-up period to help set its agenda for future credit card regulations. According to a statement from Consumers Union, Americans can still submit suggestions to the CFPB website for [...]
A new starter credit card for college students uses the offer of bonus cash rewards to encourage on-time payments. Officials from Capital One unveiled their new Journey℠ Student Rewards from Capital One®, detailing the card's unique mission in a statement to reporters.
Like other student credit cards, the Journey Student Rewards from Capital One offers relatively [...]
Editor's Note: Thank you for your interest, this offer expired and is no longer available.
Five years after its initial launch, the Continental Airlines Presidential Plus Card from Chase has added new perks that appeal to the frequent flyer that likes to travel for both business and leisure. Company officials announced that cardholders will no longer [...]
Chase is set to launch two new Southwest Airlines Rapid Rewards Visa cards on March 1. The new cards are designed to help cardholders more quickly earn points that can be redeemed for airline credits with no blackout dates or seat restrictions, according to the airline's website.
And for a limited time, Southwest is offering not [...]
Americans have noticed higher interest rates printed on credit card offers in the past year, but a leading consumer advocacy group says that the real cost of borrowing money hasn't changed. A new report by the Center for Responsible Lending suggests that stricter industry regulations required by the Credit CARD Act have revealed that credit [...]
Despite signs of post-recession economic recovery and an easing of credit card debt, author and educator Elisabeth Donati warns of future fiscal disaster if Americans don't focus on financial literacy. The challenge, she says, involves making financial education interesting for kids that might find the topic dull. Instead of boring lectures about bills and debts, [...]
A prominent retail brand hopes to shine again with help from a private label credit card offering, according to company officials. Jewelry retailer Bailey Banks & Biddle relaunched in late 2010, helmed by some of the executives that managed the brand when it was part of larger conglomerates in recent decades. Thanks to a partnership [...]
Lillian Pariseault might have thought she would save some money down the road when she swiped her Discover Card to pay for a routine oil change. The 86-year-old Florida resident didn't expect her $25 purchase would turn into a million dollar prize. Discover Financial Services officials announced Pariseault as the winner of their first "It [...]
A recent credit card processing error by a major gas retailer has consumers across the United States double-checking bank statements this month. According to a report on Consumers Union's blog, The Consumerist, Shell stations nationwide experienced an outage on the network they use to securely process credit card and debit card transactions. Under ordinary circumstances, [...]
MasterCard offers consumers a way to kick start their new year's resolutions with a checklist of ten tips for financial stability. The credit card processor's global operations team has developed a new financial education program, called Smart Consumer. As part of the initiative, program managers posted their tips to a new global website: http://www.smartconsumer.ws.
Know your [...]
Furniture and fashion shoppers will soon get help with their bargain hunting from General Electric. As reported by Bloomberg on Jan. 19, GE's consumer finance division has reached an agreement to operate the retail credit card portfolio of TJX, the parent company of clothing, housewares and accessories shops such as TJ Maxx, Marshalls and HomeGoods. [...]
The largest remaining retailer-issued credit card may find itself on the auction block, according to news reports. Target announced that it intended to sell its consumer lending portfolio, including its distinctive Red Card store accounts and Red Card Visa credit card accounts.
Company officials claim the sale would allow managers to focus more closely on store [...]
Chase debit cards saved taxpayers $1.4 million in administrative costs during 2010 while helping preserve the environment. According to officials at J.P. Morgan Chase, the U.S. Department of Health and Human Services hired the credit card issuer to streamline its employee mass transit reimbursement program. Under the umbrella of the General Services Administration's SmartPay 2 [...]