Facecard’s consumer challenge
Posted on September 23, 2009 at 9:44 am
An analyst at Javelin Strategy & Research says Ed Braswell and his team at edo Interactive will have to work hard to get a large number of people to migrate to their form of plastic payment.
“If you have to concentrate spending on a credit or debit card, migrating that behavior from existing reward programs — migrating or extricating them from existing bank relationships — is always difficult,” Cundiff told the E-Commerce Times. “Any sort of attempt to engender changes on the part of consumers is always going to be difficult.”
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Good credit card history? Don’t matter much
Posted on August 28, 2009 at 10:36 amA recent study by credit scoring firm FICO showed that 24 million people without “new risk triggers in their credit reports” had their credit limits slashed from last October until April.
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Piling on the plastic
Posted on June 8, 2009 at 8:07 amTennesseans posted the third-fastest growth rate in credit card balances during the first quarter, says TransUnion.
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Credit cards try and revamp their image
Posted on March 2, 2009 at 7:57 pmFrom The Wall Street Journal:
The public perception of credit-card companies has taken a beating in the U.S., where credit-card debt has ballooned, reaching roughly $984.5 billion at the end of last year, according to industry tracker Nilson Report.
That’s partly why Visa and TBWA chose to tread lightly as they created the new campaign. Consumers won’t be seeing a string of Visa ads that promote making expensive purchases with their credit cards.
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No, really, leave home without it — we’ll pay you
Posted on February 23, 2009 at 9:13 pmAmerican Express has offered $300 dollars to select card members who close their accounts:
Card holders have until the end of February to accept the offer and must close their accounts in March or April. Each card holder will receive a $300 pre-paid American Express card.
American Express, often seen as catering to relatively wealthy customers and companies, has been expanding its credit card business in recent years by reaching out to a wider range of clients.
But that strategy has backfired. The company’s earnings tumbled in the fourth quarter as credit losses jumped and debt-burdened consumers slashed spending.
In addition, American Express reported last week that credit card delinquencies rose in January more than analysts expected, as U.S. unemployment increased and the global economy deteriorated.
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Just in time for our new President
Posted on December 8, 2008 at 5:52 pmThe newest, must-have credit card from Barclays Bank.
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