Archive for November 2008

American Express Change in Cardmember Terms, Rate Increases

Written by admin - 215 Comments

EDITOR’S NOTE: The rates in this article were current when the article was originally written. See the credit card issuers website for current rate information.

It looks like Citi isn’t the only credit card issuer raising their rates… American Express enclosed a letter in our latest bill detailing a bunch of changes to their Cardmember Agreement. [...]

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Published on November 29th, 2008 - 215 Comments
Filed under: Credit Card News

Citibank Change in Cardholder Terms, Rate Increase, and Opt-Out Notice

Written by admin - 144 Comments

Editor’s Note: These offers have expired and are no longer available. The rates in this article were accurate at the original time of writing and publishing this article and are no longer current. Please see the issuers website for current rates and offers.
This afternoon we received a “Notice of Change in Terms and Right [...]

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Published on November 29th, 2008 - 144 Comments
Filed under: Credit Card News

Inside the Citi Bailout

Written by admin - 3 Comments

Guess what? Citi isn’t just raising their credit card interest rates. They’re also cashing in on a substantial bailout. For those that are curious, I just ran across an interesting article that answers some questions about the bailout. Here’s a synopsis…
1. What is Citi getting?
Specifically, the government will back a $306 billion pool of troubled [...]

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Published on November 26th, 2008 - 3 Comments
Filed under: Credit Card News

List of Credit Cards With 0% on Purchases

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This is just a quick note to point out a list of credit cards with 0% APR on purchases for at least 12 months. As of this writing, there are 17 cards on this list, including one (Discover Business) that offers a $100 signup bonus (expired). Like 0% balance transfer offers, these sorts of promotions [...]

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Published on November 20th, 2008 - Leave a Comment
Filed under: Credit Card Offers

$10 Prepaid Visa Card for Staying at Hampton Inn

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This isn’t explicitly credit card related, but… Hampton Inn is running a holiday promo where they’ll give you a $10 prepaid Visa card if you stay with them between November 4th, 2008 and January 5th, 2009.
To qualify, visit this holiday promotion page to initiate your reservation. Just be sure that “Hampton Holidays 08” is selected [...]

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Published on November 19th, 2008 - Leave a Comment
Filed under: Miscellany

Citibank Rate Increases: Be Sure to Opt Out

Written by admin - 19 Comments

Here’s something to look forward to… In an attempt to offset losses in their global credit card division, Citi is raising interest rates for millions of customers. Interestingly, this move runs contrary to a promise that they made back in 2007 to Congress when they said they’d stop arbitrarily increase rates.
You should receive the notification [...]

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Published on November 18th, 2008 - 19 Comments
Filed under: Credit Card News

How to Evaluate Balance Transfer Credit Card Offers

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Are you in the market for a balance transfer credit card? If so, there are a number of things that you should ask yourself before selecting an offer. For example…

What’s the introductory rate?
How long does the introductory rate last?
Are there any balance transfer fees?
Does the card have an annual fee?
What happens to the APR after [...]

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Published on November 17th, 2008 - Leave a Comment
Filed under: Credit Card Tips

Discover Business Card $100 Signup Bonus (Again)

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This offer has expired, sorry.
Take a look at our current list of credit card offers.

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Published on November 14th, 2008 - Leave a Comment
Filed under: Credit Card Offers, Signup Bonuses

Credit Card Defaults Taking Down QVC

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Apparently QVC’s credit card division has been hit by an uptick in credit card defaults resulting in a bit of corporate downsizing…
In late October, Liberty Media said third-quarter profits dropped at its QVC home-shopping unit as the credit crunch slowed consumer spending and more customers missed payments on QVC-issued credit cards.
Some 27 percent of QVC [...]

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Published on November 14th, 2008 - Leave a Comment
Filed under: Credit Card News

American Express Re-Structures, Requests Bailout Money

Written by admin - 2 Comments

American Express (AXP) sure is having a rough time. It’s so bad, in fact, that they’ve decided to re-organize such that they can qualify for help under the economic bailout plan. Under their former business model, they packaged credit card debt into bonds which were then sold to institutions seeking income-generating investments.
This structure has helped [...]

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Published on November 13th, 2008 - 2 Comments
Filed under: Credit Card News

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