Credit News
August 2007
August 2007
Citi Launches the Citi CashReturns Card
August 6, 2007
Citi introduces its newest addition to its credit card lineup. The Citi
CashReturns Card allows cardmembers to earn cash back and
redeem unlimited cash back automatically. Cardmembers will earn
1% cash back on all of their purchase and also earn 1% cash
back on cash advances made at the standard cash advance rate.
Cardmembers can also earn an average of 5% cash back when
they make purchases through the Citi Bonus Cash Center which
includes over 400 online and in store retailers. Once the
cardmember accumulates $50 in cash back a check will
automatically be sent to the cardmember. The Citi CashReturns
Card is also available with the contactless payment technology
called PayPass which allows cardmembers to make purchases
without swiping their card or having to hand over their credit card
to the cashier.
Modell's and GE Money to Offer MVP Credit Card
August 6, 2007
Modell’s Sporting Goods and GE Money have partnered together
to offer the Modell’s Most Valuable Player (MVP) Platinum
MasterCard credit card and Modell’s MVP Private Label credit
card. The MVP rewards program enables customers to earn
rewards when shopping at all Modell's locations and also earn
rewards wherever MasterCard is accepted. In addition
cardmembers will receive 15% off their first Modell's purchase with
the credit card. Cardmembers will also enjoy other great benefits
such as special cardmember offers, sales events and discount
coupons.
Chevron to Sell it Credit Card Businesses
August 30, 2007
Chevron announced today that it will sell its proprietary credit card
businesses. GE Money Bank, N.A. will own and operate the
Chevron® and Texaco® branded consumer credit cards while
FleetCor will own and operate its commercial credit card business.
The decision to sell its credit card businesses was to ensure that
its customers continue to receive the latest credit card features
and benefits. Chevron will work with GE Money and FleetCor to
handle customer satisfaction and the branding of the credit cards.
Completion of this transaction is expected later this year as it is
subject to certain approvals.
August 6, 2007
Citi introduces its newest addition to its credit card lineup. The Citi
CashReturns Card allows cardmembers to earn cash back and
redeem unlimited cash back automatically. Cardmembers will earn
1% cash back on all of their purchase and also earn 1% cash
back on cash advances made at the standard cash advance rate.
Cardmembers can also earn an average of 5% cash back when
they make purchases through the Citi Bonus Cash Center which
includes over 400 online and in store retailers. Once the
cardmember accumulates $50 in cash back a check will
automatically be sent to the cardmember. The Citi CashReturns
Card is also available with the contactless payment technology
called PayPass which allows cardmembers to make purchases
without swiping their card or having to hand over their credit card
to the cashier.
Modell's and GE Money to Offer MVP Credit Card
August 6, 2007
Modell’s Sporting Goods and GE Money have partnered together
to offer the Modell’s Most Valuable Player (MVP) Platinum
MasterCard credit card and Modell’s MVP Private Label credit
card. The MVP rewards program enables customers to earn
rewards when shopping at all Modell's locations and also earn
rewards wherever MasterCard is accepted. In addition
cardmembers will receive 15% off their first Modell's purchase with
the credit card. Cardmembers will also enjoy other great benefits
such as special cardmember offers, sales events and discount
coupons.
Chevron to Sell it Credit Card Businesses
August 30, 2007
Chevron announced today that it will sell its proprietary credit card
businesses. GE Money Bank, N.A. will own and operate the
Chevron® and Texaco® branded consumer credit cards while
FleetCor will own and operate its commercial credit card business.
The decision to sell its credit card businesses was to ensure that
its customers continue to receive the latest credit card features
and benefits. Chevron will work with GE Money and FleetCor to
handle customer satisfaction and the branding of the credit cards.
Completion of this transaction is expected later this year as it is
subject to certain approvals.
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