Credit Cards Blog

SAN JOSE, Calif. — They called it the Fresno Drop. Fifty years ago, in Septmeber 1958, Bank of America mass-mailed to nearly every home in Fresno, Calif., a small piece of plastic called the Bank-Americard. The credit card had arrived, a shiny corkscrew for each recipient to unbottle thousands of dollars in spending money that hadn’t existed before they ripped open those envelopes.

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Question: I was told recently that Congress is amending a federal law that prohibits businesses from printing certain information on credit card receipts. Is that true, and if so, what does that mean for my business?

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A WebmasterWorld member is a bit disappointed at an email he received from Yahoo which says that Yahoo will be raising the price of the minimum credit card amount to $250, up 10x from the previous amount of $25. Here’s a snippet: Effective October 15, 2008, the minimum account-renewal amount for all credit card-funded Product Submit accounts will increase from $25.00 to $250.00. This means …

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Police are searching for a man they believe used a stolen credit card to buy thousands of dollars worth of gift cards at Rite-Aid stores in several area towns.

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A hurricane of bad credit card debt will start crashing ashore in the United States in the first quarter of next year, even as the mortgage crisis continues, analysts at New York research firm Innovest Strategic Value Advisors warned Monday.

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Pick up the phone, look at the latest credit-card offer and keep repeating this: The bank needs me more than I need it. Say it so you believe it, OK?

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Shares of credit card companies fell with the broader markets Monday, as a Citi analyst reduced his earnings outlook for Discover Financial Services and American Express Co., saying credit card loss rates continue to worsen.

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Talk about a shock; opening your credit card bill only to find somebody’s been running up your account without your knowledge. It’s all because many companies are sending convenience checks in the mail. Those checks are becoming inconvenient as they become a target for greedy robbers.

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A Sacramento man, Michael McCormick, 29, will be sentenced Dec. 12 after pleading guilty to running a scheme to steal identifications and commit credit card fraud.

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It’s not just your portfolio that may be shrinking during these turbulent times. The spending limit on your credit card may be heading south as well.

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