February 2, 2011
Credit card issuers live in interesting times. New reforms threaten their profits, while our slowly recovering economy pushes more people to put away their plastic. But while this might sound like bad news for banks and their investors, the situation's not as dire as it...
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8 Million Credit Card Customers Vanish
Last edited by AngelinaCat; 02-17-2011, 07:08 AM. Reason: to conform to the formatting rules for this board. -
The end of credit cards is coming
January 24, 2011
Credit cards may soon be as outdated as vinyl records. (Remember those?) And this is the year that the slow, steady march to oblivion begins.
You can already use your iPhone, Droid or BlackBerry to buy a hotdog at the ballgame, buy your Starbucks latté, or...Last edited by Flamingo; 01-31-2011, 03:24 AM. -
American Express offered a credit card to my 3-year-old
January 13,2011
NEW YORK (CNNMoney) -- My daughter has a piggy bank and occasionally collects coins and adds them to her lot. Sometimes, she spills out the contents and enjoys putting each coin back in the bank through the slot at the top one at a time. But I wouldn't say she's good with... -
Sub-Prime Credit Card Offers Up 300% Since June
January 12, 2011
For the last two years , its been nearly impossible for subprime borrowers to qualify for a loan of almost any kind. But that's beginning to change as banks slowly return to lending. First up: credit cards.
Consumers with less-than-perfect credit scores... -
Rewards Cards Lead to More Spending, Debt
December 29, 2010
Credit cards that give cash back prompt consumers to spend more and accrue more debt, according to researchers at the Federal Reserve Bank of Chicago.
The initiation of a 1% cash rewards program yielded, on average, a $25 reward each month—and an increase... -
Britons face £2.05bn Christmas sales credit card hangover
December 26, 2010
Shoppers will owe £150m on plastic by February purely as a result of spending in this week's sales, the Sunday Telegraph can reveal.
That comes on top of the £1.9bn racked up before Christmas on presents and food and drink, and follows figures that suggest... -
Risky borrowers find credit again, at a price
December 13, 2010
Credit card offers are surging again after a three-year slowdown, as banks seek to revive a business that brought them huge profits before the financial crisis wrecked the credit scores of so many Americans.
The rise is striking because it includes offers... -
Cash is King for More Consumers This Holiday Season
December 9, 2010
Christmas will no longer be on credit for many shoppers, despite tempting offers from retailers and credit card companies trying to coax the plastic out of consumers’ wallets.
The lowest percentage of shoppers in the 27-year-history of a national survey... -
More than 8 million drop out of credit card use
November 29, 2010
More than 8 million consumers stopped using credit cards over the past year. The decline stems from a combination of consumer choices and bank actions.
An analysis by credit reporting agency TransUnion found that use of general purpose credit cards bearing... -
Unable to approve
Hi everyone
I recently discharged 3 accounts financed by GE Money (Paypal, Amazon, GE) and today I applied for another Paypal account (the offer was sent by paypal to my email) and they said "unable to approve and will give an explanation within 4 business days." Is GE Money... -
Dying with debt: A dirty little retirement secret
November 22, 2010
Retired Americans are racking up credit-card debt like never before, be it for vacations or medical expenses, and a surprising number have no intention of paying it off before they die.
Nearly 40% of retired Americans said they've accumulated credit-card... -
When Did You Know the Love Was Gone?
I'm curious about members' experiences with credit cards or other creditors that helped us cement the realization that we no longer adored, loved, or even remotely liked them anymore.
There've got to be some pretty good stories out there that will make us laugh and cry... probably... -
Target Red Card?
I filed chapter 7 in february 2010, discharged in Aug 2010 and I want to try and get a target red card because I am there A LOT and want to get the savings. Has anyone tried for this card so soon after BK? I'm a little anxious to try for credit at all but feel I could save on food and cloths with this... -
Credit card offer from discharged creditor
Ok, I have been following this forum for awhile as I prepare myself for my own BK. A colleague, who has since filed BK 7, and was discharged in September, has received a credit card offer from Capitol One. What is unique is that the offer states they know she has been discharged and congratulates her... -
Why Cash Is the New Plastic
November 9, 2010
Consumers are spending again, but gone are the days of swiping and signing for everything from lattes to lawn furniture. Shoppers are reaching for paper money, and as they do, stores and even credit card issuers are increasingly ready to reward them – with more cash....