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1992 COMMENTARY
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Tis the Season to be Careful
- Discussion on credit card fraud and steps consumers can
take to prevent loss. Expose on Creditcorp of Dallas. Signet's new LIBOR cards. (Dec 92)
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The Screw Tightens
- No fee for life cards surface. Citibank adjusts pricing
again. Sears' Prime Option changes pricing while in litigation. Sears-VISA
trial update. (Nov 92)
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Tip of the Iceberg
- Regional credit card wars. Adjustments by Leader Federal,
Boatmen's Bank, Bank of New York, AAA of Southern California, AARP/Banc One,
Citibank, AT&T Universal, and American Express Optima. GTE's MasterCard, USBA card,
Citibank's secured gold card, Livestock State Bank's new secured card. Canadian
price war. NCFE credit card condom. (Oct 92)
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Gee What a Month!
- GE and GM announce major new programs. Review of both
programs. Fleet announces seasonal rate adjustment. VISA intros Cathy Owner's
Manual on credit cards. (Sep 92)
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Low Rate Chase
- Chase Manhattan adjusts rates. Mellon, U.S. Bank and others
modify pricing. Attack on BHA study on credit card secrets. (Aug 92)
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Gouging or Gauging?
- Rate Shock hits cardholders as major players lower rates
for existing accounts. American Express and Bankcard Holders of America join hands.
Review of what issuers charge and earn. (Jul 92)
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Its Gets Better With Each Day
- Rocky Mountain Bankcard Systems and Norwest announce
major revamp of pricing. Review of interest calculation methods. (Jun 92)
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Industry Gives Birth To a Rate War
- Big players cave-in to rate pressure. Review of RAM's
predictions published in Time, BusinessWeek and American Banker. First Consumers
announces Secured & More program. (May 92)
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Plastic Choices
- VISA unveils Choice & Decisions consumer education program.
Best No-Annual-Fee Gold Cards. Citibank and Signet roll-out secured cards. (Apr 92)
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The Pie Gets Re-Cut
- Issuers with lower rates explode shifting market share.
Balance transfers offset seasonal downturn for bargain issuers. No fee gold cards
surface. Review of NBD, Oak Brook Bank, Citibank Choice, Bank of NY, First USA
and others. Enhancements modified. (Mar 92)
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Big Guns Get Aggressive
- American Express modifies Optima pricing. Chemical lowers
rates after merger with MHT. Cardholder suits in Pennsylvania and Massachusetts
dog industry. People's Bank and Central Fidelity cut rates. Simmons Bank jacks up
annual fees. Issuers offering grace periods on balance transfers. (Feb 92)
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Bank Credit Cards Tumble to Ten Year Low
- Average rates drop below 18.00%. Cards with rates under
15.0% surge. Breakdown of card pricing by brand. First Bank System intros risk based
gold card. (Jan. 92)
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