We just learned Citibank is informing their customers it will impose an $35 annual fee unless a minimum of $2400/yr is charge on their credit card accounts. This is, of course, part of the unintended consequences of the new credit card reform laws. We wrote previously wrote about another unintended consequence, the [...]
Entries Tagged as 'Discover'
Credit Card Companies Instituting “Minimum Annual Purchase” Policies
August 26th, 2009 · No Comments · Banking, Credit Cards
Tags: american express·annual fee·bank of america·Citibank·Credit card·Discover·minimum annual purchase·Wall Street Journal
Discover Offers Biodegradable Credit Card
June 8th, 2009 · No Comments · Banking, Consumer Debt, Consumer Info, Credit Cards
Now if only the credit card debt would magically dissolve as quickly as Discover’s new earth friendly “Bio” card, we would all apply for our maximum credit limit immediately! But seriously, this appears to be a good thing that Discover has embarked upon, and we can only hope that other companies follow suite in reducing [...]
Tags: bio card·biodegradable credit card·Credit Cards·Discover·green movement
Trouble Paying Your Credit Card Bills? Card Issuers Want to Help
March 2nd, 2009 · No Comments · Consumer Debt
At least that is what the some of the major credit card companies are stating and it appears that at least initially, they are actually implementing some actions that are indicative of the desire to assist those in need.
Last week, major credit card companies including CitiBank, Capital One, Discover and Bank of America launched a [...]
Tags: bank of america·Capital One·Card Issuers·Citi Cards·Consumer Debt·Credit Card Debt Counseling·Credit Cards·Discover·Help With My Credit
American Express, Discover, Visa kills “Mythbusters” Segment on Hackable Credit Cards
September 4th, 2008 · No Comments · Credit Cards
I explained in an earlier post that many of the new credit cards contained an RFID chip which could potentially let credit card hackers still your information.
To summarize the previous article, credit card companies want to use RFID chips in their credit cards instead of magnetic stripes. The problem is that anyone with a [...]
Tags: american express·Credit Card Companies·Discover·Hackable Credit Cards·Kills Story·Mythbusters·RFID·Visa
