Credit Cards Blog

OTTAWA – MBNA Canada, a credit-card issuing unit of Bank of America, is buying CUETS, the largest MasterCard issuer for credit unions in Canada. The price being paid for CU Electronic Transaction Services, owned jointly by the Saskatchewan and Alberta credit union centrals, was not disclosed.

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ExaProtect, a leader in intelligentsecurity management, calculates that over $200 billion in consumer andbusiness credit card transactions made during 2007 will not meet the datasecurity standards managed by the Payment Card Industry (PCI) SecurityStandards Council.

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Credit Agricole Egypt is offering to its wealthy customers a Platinum Visa credit card, the first in Egypt, the bank said. Benefits include travel insurance, purchase protection and extended warranties for purchases.

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After re-entering the credit card business less than a year ago, financial services provider Wachovia Corporation has announced that its portfolio has topped one million customers.

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In an effort to cater to the needs of Egypt’s expanding base of premium banking clientele, Crédit Agricole Egypt (CAE) and Visa International have teamed up to launch the country’s very first Visa Platinum credit card.

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The Automobile Club of Southern California is introducing a new credit card that will allow users to earn 1% cash back on all their purchases, with no annual limits on cash rebates and no annual fee.

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(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, “Your home is an untapped resource. Refinance your loan with us and you’ll get quick cash to buy a car, fund college or pay off your credit card debt.”

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Attorney General Jay Nixon has filed a lawsuit seeking restitution and penalties against a Kansas City company that repeatedly violated Missouri consumer protection laws in the sale of credit card processing equipment to small businesses.

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The Oklahoma attorney general’s office launched an investigation and issued a consumer alert after getting dozens of complaints about a possible credit card scam.

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Dear Dr. Don, I have never applied for a credit card, and because I have no credit history, no one will give me a chance. I was brought up to pay with cash. How can I build credit, and who would give me a credit card to build credit?

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