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CardTrak is a weekly newsletter that provides you with current news in the payment card industry. Additionally you can visit CardTrak online at www.cardtrak.com where you can compare rates as well as apply online for credit cards. CardTrak is the nations #1 newsletter providing consumers with payment card and credit card information for the past 16 years.
*** A dog may be man's best friend, but a credit card may be a woman's best friend. While the nation's male population is growing at a slightly faster rate than the female population, nearly 76.1 million women have or use credit cards, compared with 68.2 million men. CLICK HERE TO READ MORE
*** Americans are slipping up on their card payments at a rate not seen in more than twenty years. The deterioration in consumer credit quality is further evidence that we are, and have been, in a recession since late spring. CLICK HERE TO READ MORE
*** Believe it or not, scamsters see a silver lining in the horror that took New York and Washington two weeks ago. As Americans open up their wallets to charity and pull out credit cards to donate, some scum artists are seizing the opportunity to gather information for fraudulent use. CLICK HERE TO READ MORE
*** 5% Yield Amalgamated Bank of Chicago is offering its MasterCard customers a 5% interest rate on a saving account. The bank, which issues standard and gold MasterCards, requires cardholders to deposit a $2,500 minimum to get the special rate. CLICK HERE TO READ MORE
*** Bankruptcy Reform Bankruptcy reform legislation has taken the back burner to more pressing matters, due to the tragic events in New York and Washington last week. CLICK HERE TO READ MORE
*** Interlink Revolt The stink over new merchant fees for the Interlink debit card is spreading. This week Florida-based Publix Super Markets says it will no longer accept VISA's 'Interlink' point-of-sale debit cards effective October 13. CLICK HERE TO READ MORE
*** Card Rates For the first time in the industry's history, average credit card rates have plummeted below the 15.00% level. However average rates could have been hovering below 14.00% if the full impact of the Fed rate deductions had been passed on to cardholders. CLICK HERE TO READ MORE
*** Xmas 2001 This could be the weakest holiday spending season since the recession of 1990-91. This year, before the current recession was documented and before the terrorist attacks were launched, holiday sales were predicted to rise only 2.5%. CLICK HERE TO READ MORE
Here's the latest CARD NEWS for the
week ending September 28, 2001:
| This Month's Commentary: |
C'MON GUYS! All Americans are hurting and need a break this month from credit card late fees; cashless rides are coming to the Big Apple; a techno-savvy smart card is here; abuse of the bankruptcy system continues to plague the country; and if you want to double dip or get triple miles this fall - VISA and MasterCard have got you covered. (Sept 01) [ Click here to read more ]
| This Month's Online Poll: |
TERRORIST IMPACT CLICK HERE TO CAST YOUR VOTE
| Here are some questions that CardLearn answered this week on CardWeb.com: |
What do I do if a merchant tries to charge a surcharge?
Where can I find debit card companies?
What is the market share of the major cards?
CLICK ON ANY OF THE ABOVE QUESTIONS FOR THE ANSWER
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