USA Today reported yesterday that more consumers are turning away from credit cards. Revolving credit decreased at an annual rate of 13 percent, according to a Federal Reserve Report issued February 5, 2010. Revolving credit is usually defined as debt incurred through the use of credit cards. Three major card issuers, Discover, Citibank and American [...]
Entries Tagged as 'Citibank'
Do-It-Yourself Credit Cards Hit Market
February 10th, 2010 · No Comments · Credit Cards
Tags: american express·Citibank·Credit Cards·Discover·Interest Rates·revolving credit·rewards programs·undocumented workers·Zync
Free Checking Accounts May Become Endangered Species
February 4th, 2010 · No Comments · Banking
The enticement and curiosity induced by the term “free” is universal. Whether it is free shipping, a free lunch, or a free checking account, most of us will be drawn to open the envelope, call the number, or click to read more about the offer. But in the case of a free checking account offer, is free really “free”? [...]
Tags: change checking account terms·checking account fees·Citibank·EZ Checking·free checking account·free checking account offer
Bank Dropping Out of FDIC Programs More Significant Than You Realize
January 5th, 2010 · 1 Comment · Banking
My blog post on Chase and Citibank dropping out of the Federal Deposit Insurance Company (FDIC) Transaction Account Guarantee program seems to have ruffled some feathers. It received a numerous comments and write ups in several blogs, including the dailypaul.com. Most of the comments on the post indicated (at lease to me) confusion over the [...]
Tags: Chase·Citibank·deposit guaratees·FDIC·Federal Deposit Insurance Company·Savings and Loan·Transaction Account Guarantee Program
Chase and Citibank to Drop Out of FDIC Coverage Program
December 23rd, 2009 · 21 Comments · Banking
Chase and Citibank announced via their websites that they are no longer participating in Federal Deposit Insurance Company (FDIC) Transaction Account Guarantee Program. Both banks are still insured under the general FDIC program, however. What is the FDIC? It’s the government entity that makes it safer to keep your money in the bank rather than [...]
Tags: Chase·Citibank·FDIC·Transaction Account Guarantee Program
