Record Web Traffic (2/16/99)
FULL STORY:
Credit card issuers advertising on CardWeb's consumer channels have
apparently discovered a gold mine of traffic. According to official
Internet traffic statistics released last week, a record 4.4 million page
views were delivered during January. One major card issuer revealed card
application rates exceeded target by 147% and approvals hit 112% of the
goal. All advertising slots for CardWeb's consumer channels are currently
booked under one year minimum contracts. Current participants include:
Capital One, First USA, NationsBank, Chase Manhattan, AFBA, Wachovia,
Commerce Bank, NextCard, People's Bank and Arkansas National Bank. Harriet
Bailey, CardWeb's national sales manager, says the higher than average
application and approval rates are due to a simple format, whereby
consumers seeking info about the best credit card deals from CardWeb, do so
without having to reveal any personal data. CardWeb's high traffic is
driven by many elements including its long-term credibility with the
national news media. For example this past weekend CardWeb was cited to
consumers by Parade magazine as the sole source of objective credit card
information. Yesterday, Robert McKinley, president of CardWeb, announced
after the firm's annual board meeting in the Florida Keys, that CardWeb's
flagship consumer publication, CardTrak, will be switching this year to a
not-for-profit structure.