The competition between the leading credit card lenders in the market today hardly seems to cease anytime soon. If anything, the revival of the economy today has just fueled this competition further with each lender willing to bend over backwards to ensure they have a large market share of low-risk customers on their database. Banks [...]
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The competition between credit card issuers gains momentum
[Tuesday, August 16th, 2011]Credit card lenders luring customer with airlines rewards credit cards
[Monday, April 25th, 2011]In the competitive credit card industry today, companies can survive only when they can come out with offers that are too hard to resist. The Match My Miles credit card from Capital One was one of the most sought after cards in the recent past because of the bonuses offered on it. However, if you [...]
more ››Losses from lawsuit could cost american express up to $500 million
[Thursday, March 10th, 2011]In addition to what has been currently set aside by the bank, American Express says that the losses caused due to government examination, and legal fees could increase by another $500 million. This credit card issuer, though, did not mention the total liability of legal proceedings. Based on the report filed on Monday, with the [...]
more ››MasterCard and visa have challenged the competition bureau’s allegations
[Wednesday, January 26th, 2011]MasterCard and Visa have locked horns with Canada’s competition watchdog that has accused these credit card giants of imposing unreasonable conditions on retailers. Visa Canada Corp., in a submission to the Federal Competition Tribunal has warned that if Ottawa gets it way around in the dispute, then consumers will bear the brunt of being hit [...]
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