More info… Card provider will charge customers 20 a year for accounts left untouched for 12 months American Express is to slap a 20 annual “dormancy” fee on customers who don’t use their Platinum cashback credit cards for a year. The fee will be introduced immediately for new customers and from 1October for existing cardholders to cover the administrative costs of running accounts left idle. Amex is …
Losses on US credit cards edged lower in July as fewer borrowers fell behind on payments or defaulted, breaking five consecutive months of record high losses in the sector, according to Fitch Ratings.
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Law OKs credit card payments for Metra fares Waukegan News Sun Legislation allowing Metra rail passengers to pay their fares using a credit card has been signed into law, state Sen. Michael Bond, D-Grayslake, …
The credit crisis that cost Canadian Imperial Bank of Commerce more than $10-billion in writedowns over two years has finally abated. In its place, there’s a new problem: credit cards.
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More info… KISSIMMEE — Florida Republican Party Chairman Jim Greer publicly cut his party-issued American Express card in half today and announced that charge cards have been recalled from all GOP elected officials who used them for political expenses, but said he will “never” disclose line-item charges made by party leaders. Gov. Charlie Crist said it was “unbelievable” and “an embarrassment” that former …
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