Credit Card Write-Offs Still Troubling as Reform Looms
Facing a pivotal year ahead with hopes of a turnaround despite looming reform laws, most credit card issuers saw declines in December delinquencies – or the 30-days late rate - but charge-offs are still ...
Discover Card Debuts Daily Cash, $1 Million Prize
Discover is giving away cash and gift cards every day this year, leading up to a $1 million grand prize as part of ts new sweepstakes program to encourage card usage.
With every purchase using a Discover card, a ...
Discover: A Little Less Gloom from Small-Biz Owners
There was a little less gloom among small business owners in December, with fewer seeing the economy getting worse and more forecasting improvements in their own businesses in the coming year, according to Discover ...
Discover’s Credit Card Defaults Up, 4Q Profit Down
Discover Financial Services, issuer of the Discover cards, today reported a 16 percent drop in profit for its fourth quarter, with climbing credit card defaults playing a part in its bottom line.
Discover – ...
Discover: Majority of Small Businesses Not Online
The Internet, blogs and social media have taken hold of society, but apparently small businesses still haven’t embraced going online, with 55 percent not having a website and about the same percentage claiming ...
Discover: Holiday Shoppers to Spend 15% Less This Year
Holiday shoppers will spend $723 on average, down 15 percent compared to last year, said Discover Financial Services in its annual survey.
Last year, shoppers spent $831 on average, and $896 in the 2007 survey.
This ...
Analysts Upgrade AmEx, Capital One and Discover
Analysts at Bank of America/Merrill Lynch today upgraded three credit card companies – American Express (AXP), Capital One (COF) and Discover (DFS) – to neutral from underperform, bolstored in part by ...
Small Business Outlook Plunges to Lowest Level in 9 Months
Plagued by cash flow issues and a gloomier economic outlook, Discover Business Card’s index of how small businesses are faring fell 12 points in November, its lowest level in nine months.
Discover’s ...
Rewards Monday: Credit Cards Battle for Cyber Sales Share
Major credit card issuers are offering extra reward points, promotional websites and online comparison shopping tools in an all-out blitz to grab the biggest share of Cyber Monday sales and beyond.
And they may ...
Survey: 72% of Card Users Take Part in Reward Programs
Two credit card companies stood out with higher than average performances in a recent survey of credit card users by J.D. Power and Associates. The results also reflect the growing popularity of reward programs.
The ...




Recent Comments