Despite a dip in housing construction last month – an important economic indicator – credit card delinquencies fell. So while the economy is clearly struggling to bounce back, consumers are keeping priorities straight and paying on their debt! In May, housing construction fell to its lowest level in five months. Though experts anticipated a dip [...]
Entries Tagged as 'Discover'
Credit Card Debt Priority, New Homes Not So Much
June 16th, 2010 · No Comments · Credit Cards
Tags: american express·bank of america·Capital One·Citigroup·Credit Cards·debt·Discover·JPMorgan Chase·new homes
Do-It-Yourself Credit Cards Hit Market
February 10th, 2010 · No Comments · Credit Cards
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 [...]
Tags: american express·Citibank·Credit Cards·Discover·Interest Rates·revolving credit·rewards programs·undocumented workers·Zync
Credit Card Companies Instituting “Minimum Annual Purchase” Policies
August 26th, 2009 · No Comments · Credit Cards
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 conversion of credit [...]
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 · 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
