Credit Cards News
American Express has revealed that their second quarter profits have risen 31 percent thanks to consumers’ record credit card spending and an huge increase in commissions and fees in the credit card company’s travel division.
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With recent headlines regarding security breaches in numerous major corporations, the security of credit cards and personal personal details are at the forefront of consumers minds.
Some of America’s biggest credit card issuers will lead a group of corporate donors who are getting behind a nationwide day of volunteer service on the tenth anniversary of the 9/11 terrorist attacks.
Following a recent announcement that American Express was allowing business account holders to use reward points to purchase Facebook advertising credits, Amex has announced further plans to utilize Facebook on a regular basis.
There has been a large amount of media coverage in recent weeks discussing HSBC’s plans to sell off their United States credit card division, or to close it down completely if a buyer cannot be found.
MasterCard have announced that New York will be the first city included in the credit card issuers new ‘Priceless Cities’ program which aims to offer MasterCard users access to unique experiences, specially selected offers and special events.
A new survey by Javelin Strategy & Research has revealed that for the majority of American consumers, credit card rewards are not an important factor in choosing which credit card to use for a purchase.
Despite the fact that employment is still fairly sluggish, other indicators show that consumers are generally feeling better about the current economic climate and their own personal finances in particular.
The newly created Consumer Financial Protection Bureau (CFPB) released a report on Tuesday acknowledging how difficult it can be for consumers to understand the wide variety of credit scores offered by lenders, credit bureaus and other companies.
Citi is the latest credit card issuer to launch a new card which caters exclusively to wealthier consumers, especially those who travel around a lot either for business or leisure.
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