Are Student Credit Cards Really That Big of a Deal?

American colleges took in $83 million from credit card companies, leading some to wonder if college students are being exploited by the industry. But here are the real numbers: The average college student graduates with about $…

Visa Earnings Soar: Is Plastic Regaining Its Appeal?

In a sign that consumer spending may be on the rebound, Visa on Wednesday reported its fiscal fourth-quarter profit jumped 51% from a year ago. But shares fell after the company released disappointing guidance for the next year…

Banks Rework Credit Cards With New Technologies

credit cards

Get ready for credit card 2.0.

Citibank (C) is about to begin testing a card with two buttons and lights to let users choose whether they want to pay with rewards points or credits, The New York Times said.

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Other issuers are giving their cards makeovers as well. Some cards could double as credit and debit cards, or provide additional security measures. One card shows a portion of…

Continue reading Banks Rework Credit Cards With New Technologies

Banks Rework Credit Cards With New Technologies originally appeared on DailyFinance on Fri, 22 Oct 2010 08:25:00.

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AmEx 3Q Profit Jumps 71% on Higher Business Spending

American Express Co.’s third-quarter profit surged 71% as the No. 3 U.S. processor of credit-card sales benefited from a rebound in consumer and business spending as well as demand for the company’s travel services.
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