BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Tell-Tale Stat: Credit Card Debt Rises for First Time Since August 2008]]>http://www.bloggingstocks.com/2011/02/13/credit-card-debt-rises-for-first-time-since-august-2008/http://www.bloggingstocks.com/2011/02/13/credit-card-debt-rises-for-first-time-since-august-2008/http://www.bloggingstocks.com/2011/02/13/credit-card-debt-rises-for-first-time-since-august-2008/#commentsFiled under: , ,

credit cardsThe past week's datapoint-of-consequence for investors had to be the December 2010 consumer credit report, which indicated that credit card debt increased for the first time in more than two years.

Revolving debt, which includes credit cards, increased by $2.3 billion in December, or at a 3.5% annualized rate, the U.S Federal Reserve said. It was the first monthly increase in credit card use since August 2008.

Continue reading Tell-Tale Stat: Credit Card Debt Rises for First Time Since August 2008

Tell-Tale Stat: Credit Card Debt Rises for First Time Since August 2008 originally appeared on BloggingStocks on Sun, 13 Feb 2011 10:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>consumer creditconsumer spendingcredit cardsfeaturedinthenewsnonrevolving debtrevolving debtSun, 13 Feb 2011 10:10:00 EST<![CDATA[Are Credit Card Interest Rates Too High?]]>http://www.bloggingstocks.com/2011/02/02/credit-card-interest-rates-too-high/http://www.bloggingstocks.com/2011/02/02/credit-card-interest-rates-too-high/http://www.bloggingstocks.com/2011/02/02/credit-card-interest-rates-too-high/#commentsFiled under: ,

Are credit card rates too high? The answer is a resounding YES! The Federal Reserve just gave the banks $600 billion in cash in the form of a second round of quantitative easing. What are they doing with it? Raising the rates on credit cards, of course, so they can turn that $600 billion into $1.2 trillion in four years.

You are probably wondering how they are doing this. It's very simple. If you use the rule of 72s, at 18%, money doubles itself every four years (you divide 72 by the rate of interest).

Continue reading Are Credit Card Interest Rates Too High?

Are Credit Card Interest Rates Too High? originally appeared on BloggingStocks on Wed, 02 Feb 2011 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>American ExpressAXPcredit cardcredit card ratescredit cardsinthenewsMAMasterCardVisaWed, 02 Feb 2011 11:00:00 EST<![CDATA[American Express: Buy or Sell After Q4 Release?]]>http://www.bloggingstocks.com/2011/01/25/american-express-buy-or-sell-after-q4-release/http://www.bloggingstocks.com/2011/01/25/american-express-buy-or-sell-after-q4-release/http://www.bloggingstocks.com/2011/01/25/american-express-buy-or-sell-after-q4-release/#commentsFiled under: , , ,

American Express (AXP) was not on Wall Street's list of best buys today. The market is a few minutes away from closing as I write this, and I see that the shares are off by over 2% to $44.82. Volume is quite high.

Should investors be considering this credit-and-charge-card entity for their portfolios? Well, the stock is closer to the 52-week high of $49.19 than it is to the 52-week low of $36.60, but the twelve-month chart shows that the shares have been bouncing around in that somewhat narrow range rather vigorously.

Continue reading American Express: Buy or Sell After Q4 Release?

American Express: Buy or Sell After Q4 Release? originally appeared on BloggingStocks on Tue, 25 Jan 2011 17:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>american expressAmerican Express earningsAXPcharge cardscredit cardsinthenewsMAmastercardVVisaTue, 25 Jan 2011 17:30:00 EST<![CDATA[Capital One Reports Strong Q4 Results, Shares Slide]]>http://www.bloggingstocks.com/2011/01/20/capital-one-reports-strong-q4-results-shares-slide/http://www.bloggingstocks.com/2011/01/20/capital-one-reports-strong-q4-results-shares-slide/http://www.bloggingstocks.com/2011/01/20/capital-one-reports-strong-q4-results-shares-slide/#commentsFiled under: , , , , , , ,

Capital One Q4 Earnings ReportFinancial giant Capital One (COF) is trading slightly lower in after hours trading despite crushing analyst estimates for its fourth quarter after today's market close.

As we noted in our earnings preview, analysts had been expecting to see Capital One post earnings of $1.27 per share, but the company easily surpassed analyst forecasts by reporting earnings of $1.52 per share for the quarter.

Continue reading Capital One Reports Strong Q4 Results, Shares Slide

Capital One Reports Strong Q4 Results, Shares Slide originally appeared on BloggingStocks on Thu, 20 Jan 2011 18:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bankscapital onecofcredit cardsearningsearnings reportinthenewsThu, 20 Jan 2011 18:30:00 EST<![CDATA[MasterCard Up After Latest Report]]>http://www.bloggingstocks.com/2010/11/02/mastercard-up-after-latest-report/http://www.bloggingstocks.com/2010/11/02/mastercard-up-after-latest-report/http://www.bloggingstocks.com/2010/11/02/mastercard-up-after-latest-report/#commentsFiled under: , ,

MasterCard (MA) was higher this afternoon as market participants evaluated the credit-card company's most recent quarterly release. Shares were up 2.5% to a quote of $245.02.

The 52-week high for the stock is $269.88, so one could look at the situation as having room to grow (thankfully, the current share price is comfortably above the 52-week low of $191). The one-year chart, however, might offer some cause for concern. The stock does seem to want to make a comeback, but the image nevertheless is a bit tough to examine.

Continue reading MasterCard Up After Latest Report

MasterCard Up After Latest Report originally appeared on BloggingStocks on Tue, 02 Nov 2010 15:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>credit cardsinthenewsMAmastercardVVisaTue, 02 Nov 2010 15:30:00 EST<![CDATA[Zero Percent APR Credit Cards Are Back]]>http://www.bloggingstocks.com/2010/10/15/0-apr-credit-cards-are-back/http://www.bloggingstocks.com/2010/10/15/0-apr-credit-cards-are-back/http://www.bloggingstocks.com/2010/10/15/0-apr-credit-cards-are-back/#commentsFiled under: , , , ,

credit cardsLet the good times roll. Those 0% APR credit cards are back. For more than a year credit card companies have been slashing credit lines and raising rates to astronomical levels. Much of the delinquencies have been wrung out of the system. Delinquency rates are down 26% from a year ago.

With that pressure lifted, card companies are sending out 0% promotion letters to customers with credit scores 720 or higher, as reported in Smart Money and the Wall Street Journal. The number of promotions is up 71% from 53%. Promotions are for a longer period, 21 months instead of the 12 months last year.

Continue reading Zero Percent APR Credit Cards Are Back

Zero Percent APR Credit Cards Are Back originally appeared on BloggingStocks on Fri, 15 Oct 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>credit cardscredit linesfeaturedinthenewsFri, 15 Oct 2010 17:30:00 EST<![CDATA[Discover Financial Services Up on Q3 News]]>http://www.bloggingstocks.com/2010/09/20/discover-financial-services-up-on-q3-news/http://www.bloggingstocks.com/2010/09/20/discover-financial-services-up-on-q3-news/http://www.bloggingstocks.com/2010/09/20/discover-financial-services-up-on-q3-news/#commentsFiled under: , , ,

Discover Financial Services (DFS) is trading higher this afternoon after the credit-card entity reported numbers for the fiscal third quarter. At the time of this writing, the stock was up 2.4% to $15.95. Volume was very strong.

The shares have traded in a narrow range over the last twelve months. The 52-week low is $12.11 while the 52-week high is $17.36. The chart shows a nice trading vehicle for those who like to buy and sell on a short-term basis.

Continue reading Discover Financial Services Up on Q3 News

Discover Financial Services Up on Q3 News originally appeared on BloggingStocks on Mon, 20 Sep 2010 16:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Ccitigroupcredit cardsDFSDiscover Financial ServicesinthenewsMAmastercardVVisaMon, 20 Sep 2010 16:00:00 EST<![CDATA[Credit Card Debt Continues to Fall]]>http://www.bloggingstocks.com/2010/09/09/credit-card-debt-continues-to-fall/http://www.bloggingstocks.com/2010/09/09/credit-card-debt-continues-to-fall/http://www.bloggingstocks.com/2010/09/09/credit-card-debt-continues-to-fall/#commentsFiled under: , , ,

How much do you owe on your credit card? If you owe $4,951 your debit balance is average. This is down from 13% from $5,719, according to Trans Union and The Associated Press.

The credit reporting agency said that this was the first time since 2002 that balances fell below $5,000. Late payments fell to less than 1%, down from 1.17% last year.

Continue reading Credit Card Debt Continues to Fall

Credit Card Debt Continues to Fall originally appeared on BloggingStocks on Thu, 09 Sep 2010 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>credit card balances dropcredit cardscredit scoresinterest ratesinthenewsThu, 09 Sep 2010 17:00:00 EST<![CDATA[Will Frugal Consumers Lead to Tepid U.S. GDP Growth?]]>http://www.bloggingstocks.com/2010/09/08/will-frugal-consumers-lead-to-tepid-u-s-gdp-growth/http://www.bloggingstocks.com/2010/09/08/will-frugal-consumers-lead-to-tepid-u-s-gdp-growth/http://www.bloggingstocks.com/2010/09/08/will-frugal-consumers-lead-to-tepid-u-s-gdp-growth/#commentsFiled under: ,

Given the size and complexity of the U.S. economy, forecasts regarding U.S. GDP growth must be viewed with caution: they contain a margin of error, and are subject to substantial revisions. Even so, with consumer credit card-based purchases continuing to decline, one conclusion investors can draw is that U.S. GDP growth probably will be lower during this expansion than it was during previous post-Cold War era expansions.

One major reason? Historically, consumer spending has account for 65% to 70% of U.S. GDP. If consumer spending remains modest, it's highly unlikely that the economy will be able to grow as fast as it typically does when consumption is high.

Continue reading Will Frugal Consumers Lead to Tepid U.S. GDP Growth?

Will Frugal Consumers Lead to Tepid U.S. GDP Growth? originally appeared on BloggingStocks on Wed, 08 Sep 2010 17:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>business investmentconsumer spendingcredit cardsexportsGDPinthenewsWed, 08 Sep 2010 17:10:00 EST<![CDATA[Good News: Consumers Control Credit Cards in Tough Times]]>http://www.bloggingstocks.com/2010/08/26/good-news-consumers-control-credit-cards-in-tough-times/http://www.bloggingstocks.com/2010/08/26/good-news-consumers-control-credit-cards-in-tough-times/http://www.bloggingstocks.com/2010/08/26/good-news-consumers-control-credit-cards-in-tough-times/#commentsFiled under: ,

News that credit card debt has fallen to an eight-year low may not be the news that Visa (V) and Mastercard (MA) want to hear, but it is good news overall given the employment and economic situation. It's a sign of fiscal discipline during rough times.

Some analysts were a bit worried about credit card debt after the housing crisis; if you are unemployed, it can be easy to run up large debts on credit cards and then default on them.

I am sure there are some out there who think that consumers need to go out and spend more money to stimulate the economy, but that logic is not always good depending on the purchases.

Continue reading Good News: Consumers Control Credit Cards in Tough Times

Good News: Consumers Control Credit Cards in Tough Times originally appeared on BloggingStocks on Thu, 26 Aug 2010 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>consumer spendingcredit cardsdebtfeaturedgoods newsinterest ratesinthenewsvisaThu, 26 Aug 2010 09:00:00 EST<![CDATA[Discover Takes On Rivals with Pay-by-Smartphone System]]>http://www.bloggingstocks.com/2010/08/02/smartphones-to-replace-credit-cards/http://www.bloggingstocks.com/2010/08/02/smartphones-to-replace-credit-cards/http://www.bloggingstocks.com/2010/08/02/smartphones-to-replace-credit-cards/#commentsFiled under: , , , ,

smartphoneI found a rather interesting article on Bloomberg, one discussing the potential of smartphones to replace credit cards. Supposedly, both AT&T (T), Verizon (VZ), and perhaps T-Mobile, may work with Discover Financial Services (DFS) and Barclays (BCS) in Atlanta and three other cities to test a system allowing consumers to pay with the "wave of a smartphone." This move would be the largest effort to attempt mobile payments in America and could serve to cut into credit card use.

Crone Consulting, a credit card consultant, noted that such a move could be a "game-changer" as far as credit cards are concerned. Think of how much such a move could cut into the market share for credit cards. According to the article, Visa (V) and MasterCard (MA) handled 82% of U.S. consumer spending a year ago (that is $2.45 trillion). Now imagine that smartphone users have the ability to simply pass their phone over a reader in order to pay for their purchases.

Continue reading Discover Takes On Rivals with Pay-by-Smartphone System

Discover Takes On Rivals with Pay-by-Smartphone System originally appeared on BloggingStocks on Mon, 02 Aug 2010 12:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>American ExpressAXPcredit cardcredit card peymentscredit cardsDFSDiscoverinthenewsMasterCardsmartphonesmartphonesVisaMon, 02 Aug 2010 12:20:00 EST<![CDATA[Discover Financial Services: Buy or Sell the Q2 Numbers?]]>http://www.bloggingstocks.com/2010/06/25/discover-financial-services-buy-or-sell-the-q2-numbers/http://www.bloggingstocks.com/2010/06/25/discover-financial-services-buy-or-sell-the-q2-numbers/http://www.bloggingstocks.com/2010/06/25/discover-financial-services-buy-or-sell-the-q2-numbers/#commentsFiled under: , , ,

(DFS), whose related companies include American Express (AXP), MasterCard (MA), and Visa (V), closed higher yesterday after releasing Q2 data. Of course, I should put the phrase "closed higher" into perspective. The stock ended the day at $14.08, which meant it rose 0.5%. Not exactly a spectacular end to the session, but it actually was doing better at other points during the intraday period.

According to this item, an improved profit picture in the latest report drove the buying. Card-sales volume went up while charge-offs went down. A great combination for the business.

Continue reading Discover Financial Services: Buy or Sell the Q2 Numbers?

Discover Financial Services: Buy or Sell the Q2 Numbers? originally appeared on BloggingStocks on Fri, 25 Jun 2010 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>american expressAXPcredit cardsDFSDiscover Financial ServicesinthenewsMAmastercardVVisaFri, 25 Jun 2010 09:30:00 EST<![CDATA[Closing Bell: Bears Getting Closer to DJIA 10,000 (LOW, DFS, ADBE, AAPL, BP)]]>http://www.bloggingstocks.com/2010/06/24/closing-bell-bears-getting-closer-to-djia-10-000-low-dfs-adb/http://www.bloggingstocks.com/2010/06/24/closing-bell-bears-getting-closer-to-djia-10-000-low-dfs-adb/http://www.bloggingstocks.com/2010/06/24/closing-bell-bears-getting-closer-to-djia-10-000-low-dfs-adb/#commentsFiled under: , , ,

The markets tried to stage some stability after the weekly jobless claims fell more than expected. Unfortunately durable goods, concerns over retail sales, and that nagging notion of a double-dip recession keep the market down. The DJIA was down triple digits in the final minutes and here are the unofficial closing bell levels today:

Dow 10,152.80 -145.64 (-1.41%)
S&P 500 1,073.69 -18.35 (-1.68%)
Nasdaq 2,217.42 -36.81 (-1.63%)

Continue reading Closing Bell: Bears Getting Closer to DJIA 10,000 (LOW, DFS, ADBE, AAPL, BP)

Closing Bell: Bears Getting Closer to DJIA 10,000 (LOW, DFS, ADBE, AAPL, BP) originally appeared on BloggingStocks on Thu, 24 Jun 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPLADBEBPcredit cardsdiscoveryhdhousingiphoneLOWThu, 24 Jun 2010 16:20:00 EST<![CDATA[Visa Up Today: Is It Really Oversold?]]>http://www.bloggingstocks.com/2010/06/21/visa-up-today-is-it-really-oversold/http://www.bloggingstocks.com/2010/06/21/visa-up-today-is-it-really-oversold/http://www.bloggingstocks.com/2010/06/21/visa-up-today-is-it-really-oversold/#commentsFiled under: ,

Visa, Inc. (V) saw a nice pop today during the afternoon session. With a little less than two hours to go before the end of market activities, the shares were higher by well over 7%. They hit a price of $83, and the volume level was healthy.

It was great to witness the buying activity. While I don't own Visa, I do recognize its great potential over the long term. The company makes money on transactions at points of sale: just a small percentage on each one, of course, but considering how society has become dependent on both credit and debit cards, you've got to respect the model. Remember that Visa doesn't expose itself to too much risk: it's the banks who make the actual credit loans.

Continue reading Visa Up Today: Is It Really Oversold?

Visa Up Today: Is It Really Oversold? originally appeared on BloggingStocks on Mon, 21 Jun 2010 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>credit cardsDebit CardsMAmastercardVVisaMon, 21 Jun 2010 17:00:00 EST<![CDATA[Closing Bell: Late-Day Disappointments Rule (GLD, V, MA, AFFY, BP, APC)]]>http://www.bloggingstocks.com/2010/06/21/closing-bell-late-day-disappointments-rule-gld-v-ma-affy-b/http://www.bloggingstocks.com/2010/06/21/closing-bell-late-day-disappointments-rule-gld-v-ma-affy-b/http://www.bloggingstocks.com/2010/06/21/closing-bell-late-day-disappointments-rule-gld-v-ma-affy-b/#commentsFiled under: , , ,

How many days can we have where the plus or minus signs on the DJIA and the S&P 500 are not fully clear until the final minutes of the trading day? Lots it appears. US markets followed global markets higher this morning after China announced its partially more flexible Yuan-Dollar peg promise. A strengthening Euro and concerns in energy and retail sectors took out the strength of the day, as sellers started coming into the market right before the last hour of trading. Here were today's unofficial closing bell levels:

Dow 10,442.41 -8.23 (-0.08%)
S&P 500 1,113.20 -4.31 (-0.39%)
Nasdaq 2,289.09 -20.71 (-0.90%)

Top Analyst Calls

Continue reading Closing Bell: Late-Day Disappointments Rule (GLD, V, MA, AFFY, BP, APC)

Closing Bell: Late-Day Disappointments Rule (GLD, V, MA, AFFY, BP, APC) originally appeared on BloggingStocks on Mon, 21 Jun 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>affymaxchronic kidney failurecredit cardsfeaturedgoldgulf oil spillGulfOilSpilloilMon, 21 Jun 2010 16:20:00 EST<![CDATA[Closing Bell: End of Day Cheers (GS, BRCD, DELL, V, GOOG)]]>http://www.bloggingstocks.com/2010/05/21/closing-bell-end-of-day-cheers-gs-brcd-dell-v-goog/http://www.bloggingstocks.com/2010/05/21/closing-bell-end-of-day-cheers-gs-brcd-dell-v-goog/http://www.bloggingstocks.com/2010/05/21/closing-bell-end-of-day-cheers-gs-brcd-dell-v-goog/#commentsFiled under: , ,

With no economic data we focused at first on Europe, then on finance regulation, and then on bargain hunting. Very few earnings were out and very little corporate news was out. Today was about raw supply and demand mixed with a big short squeeze with the bulls having a winner.

Here were the unofficial closing bell levels:

Dow 10,193.39 +125.38 (1.25%)
S&P 500 1,087.69 +16.10 (1.50%)
Nasdaq 2,229.04 +25.03 (1.14%)

Continue reading Closing Bell: End of Day Cheers (GS, BRCD, DELL, V, GOOG)

Closing Bell: End of Day Cheers (GS, BRCD, DELL, V, GOOG) originally appeared on BloggingStocks on Fri, 21 May 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>brocadecredit cardsfinance reformmobile webvisaFri, 21 May 2010 16:20:00 EST<![CDATA[American Express Is in an Uptrend]]>http://www.bloggingstocks.com/2010/05/04/american-express-is-in-an-uptrend/http://www.bloggingstocks.com/2010/05/04/american-express-is-in-an-uptrend/http://www.bloggingstocks.com/2010/05/04/american-express-is-in-an-uptrend/#commentsFiled under: ,

AXP a buy?It's probably now or never to consider American Express (AXP) and earn an out-sized gain during the current economic expansion.

I first discussed AXP here in the spring of 2009 at a price of $27.28. The company posted a solid first quarter, with customers spending 16% more compared to the same period a year ago, including a large 27% increase in international spending. This suggests consumer confidence is improving -- something that's historically bullish for U.S. GDP. The company earned 31 cents per share a year ago in the first quarter of 2009. In the first quarter, revenue rose 11% to $6.6 billion.

Continue reading American Express Is in an Uptrend

American Express Is in an Uptrend originally appeared on BloggingStocks on Tue, 04 May 2010 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>credit cardsfeaturedTue, 04 May 2010 09:00:00 EST<![CDATA[Visa Performs Well in Q2: Good Long-Term Play?]]>http://www.bloggingstocks.com/2010/04/29/visa-earnings/http://www.bloggingstocks.com/2010/04/29/visa-earnings/http://www.bloggingstocks.com/2010/04/29/visa-earnings/#commentsFiled under: , , ,

Via Q2 earnings Visa (V), which competes with American Express (AXP), Discover Financial Services (DFS), and MasterCard (MA), is probably one of the best long-term ideas out there, in my opinion. Credit and debit cards will always play a vital role in the financial culture, and Visa is a top brand in the space.

The equity's 52-week high stands at $97.19. It closed yesterday at $93.61, up a paltry 66 cents, or 0.7%. The stock wasn't rocking into the earnings report, which was released after the bell. And it's pulled back a little from the 52-week high. So what? The one-year chart looks attractive to my eye, and even if it didn't, this is one story I'm fully behind.

Continue reading Visa Performs Well in Q2: Good Long-Term Play?

Visa Performs Well in Q2: Good Long-Term Play? originally appeared on BloggingStocks on Thu, 29 Apr 2010 09:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>american expressAmericanExpressAXPcredit cardsDFSdiscover financial servicesDiscoverFinancialServicesfeaturedMAmastercardVvisaThu, 29 Apr 2010 09:00:00 EST<![CDATA[American Express: Impressive First Quarter]]>http://www.bloggingstocks.com/2010/04/26/american-express-impressive-first-quarter/http://www.bloggingstocks.com/2010/04/26/american-express-impressive-first-quarter/http://www.bloggingstocks.com/2010/04/26/american-express-impressive-first-quarter/#commentsFiled under: ,

The skinny on American Express' (AXP) first quarter performance? An impressive besting of the First Call estimates -- the company earned 73 cents per share compared to the Thomson/Reuters First Call estimate of 64 cents per share -- and it's a performance that also bodes well for the economic recovery.

The reason? Customers spent 16% more in the first quarter compared to the same period a year ago, including a large 27% increase in international spending. The aforementioned suggests U.S. consumer confidence is improving -- something that's historically been bullish for U.S. GDP. The company earned 31 cents per share a year ago in the first quarter of 2009.

Continue reading American Express: Impressive First Quarter

American Express: Impressive First Quarter originally appeared on BloggingStocks on Mon, 26 Apr 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>american expressAXPcredit cardsinthenewsMon, 26 Apr 2010 17:00:00 EST<![CDATA[Visa Loses Target Store Brand Cards]]>http://www.bloggingstocks.com/2010/04/21/visa-loses-target-store-brand-cards/http://www.bloggingstocks.com/2010/04/21/visa-loses-target-store-brand-cards/http://www.bloggingstocks.com/2010/04/21/visa-loses-target-store-brand-cards/#commentsFiled under: , , ,

In order to spur spending, Target Corporation (TGT) has long offered

discounts to consumers who signed up for its store-brand credit cards. And more often than not, those cards carried the Visa, Inc. (V) logo.

Well, not any more. This week, TGT announced it will no longer issue cards with the Visa logo and instead encourage shoppers to sign up for its own plastic "REDcard." It's a trend that could sap revenue away from credit card stocks V, Mastercard In (MA) and American Express (AXP).

Continue reading Visa Loses Target Store Brand Cards

Visa Loses Target Store Brand Cards originally appeared on BloggingStocks on Wed, 21 Apr 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>american expresscredit cardsCreditCardsfeaturedinthenewsmastercardTargetVisaWed, 21 Apr 2010 18:00:00 EST