The stereotype of the retiree living off the interest from CDs and savings is gone. The question is, will it ever return? It may take longer than you think.
American Express wants you to pay an annual fee. That’s one of the takeaways from the credit card issuer’s investor call on Wednesday. And they may not be the only one. Company Chairman and CEO Kenneth Chenault told analysts this week American Express is “driving card fee revenues.” He noted that many of the issuer’s
Credit card issuers are looking to woo elite travelers by dropping foreign transaction fees, dropping annual fees for the first year and rolling out hefty sign-up bonuses. Chase announced that it would no longer charge foreign currency conversion fees on the United Mileage Plus Visa and the Continental Presidential Plus card, The New York Times
Bank of America will be charging a new $59 annual fee to about 5 percent of its credit card accounts in May, according to an article by the Associated Press. Whether or not a Bank of America credit card customer will be charged the new annual fee depends on a customer’s credit risk profile, AP
Have you been seeing a taller stack of credit card offers in your mailbox lately? That might be because issuers have started to send out more offers, following a year of pullback. A new study from Synovate, a global marketing research company, shows that issuers sent 481.3 million offers in the first quarter of 2010,