To date, Visa, MasterCard and Discover have notified the retailer that about 2,400 individual customer payment cards used at Neiman Marcus and Last Call stores “were subsequently used fraudulently,” says a statement on the Neiman Marcus website.
The national interest rate average on new credit card offers remained at 14.96 percent this week, despite a 1-point shift upward on the Chase Slate card, according to CreditCards.com.
This may be a good time to take advantage of those “0% balance transfer” deals because their overall value has peaked and will diminish before improving again.
If you have a good credit history, these offers can be smart investments, particularly if you’re planning to buy a big-ticket item such as a computer or home appliance. You can have well over a year to pay it off interest-free — but just remember to make the final payoff before the 0% period ends.
Discover Financial Services is hard at work promoting its newest “It” card on television commercials, with a feature that consumer advocates hope becomes more of a trend: late-payment forgiveness.
Discover Financial Services, the issuer of Discover credit cards, reported a higher net income for the fourth quarter as consumers purchased more and the company’s charge-offs fell to record lows.
The issuer of Discover cards has agreed to refund about $200 million to more than 3.5 million consumers and pay a $14 million civil money penalty as part of an agreement with the Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau (CFPB).
American Express ranks highest in customer satisfaction for the sixth consecutive year as credit card issuers overall seem to be improving their reputation among consumers, according to the J.D. Power and Associates.
Discover Financial Services, known mostly for its rewards credit cards, said its fiscal second quarter saw a profit decline of 11 percent, primarily driven by higher provisions for future loan losses.
Widely known for its credit cards, Discover Financial Services is getting into the online mortgage origination business.