Word: mastercards
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...Hospital Corp. of America, based in Nashville, Tennessee. He offered $5 billion. Scott, then a 34-year-old Fort Worth, Texas, lawyer, had $125,000 in the bank. They laughed, he recalls fondly. "One guy in Dallas said, 'What are you going to do, Rick? Put it on your MasterCard...
...have mixed feelings about revealing it. But until they close the loophole, how can I resist? It wasn't my idea; it comes from Denny Cunningham, a sharp-eyed user of my computer program. And it's this simple: if you have an AT&T Universal MasterCard, as 11 million of us do, and if you pay your balance in full each month, there's no interest charge on cash advances. Just a 2.5% service charge, with a minimum of $2 and a maximum...
...first blush, this may seem no bargain, and on normal transactions it's not. But here's the deal. The ATMS limit you to $400, but by going into a bank that honors MasterCard, as most do, you can grab a cash advance equal to your entire available credit. From a human teller (remember them?). Because of the $20 cap, that 2.5% maxes out at $800. Borrow more, and the effective percentage you pay begins to fall. Say you borrow $2,000. The charge is still $20, which works out to 1%. Borrow $10,000, if your credit limit...
...YEARS. GENERAL ELECTRIC began doing it two weeks ago. Now General Motors is offering its own high-powered credit card to boost sales of its products and grab a share of the $485 billion market for plastic money. The auto giant said holders of its new GM MasterCard would earn 5% rebates on purchases made with the card, up to a maximum of $500 a year or $3,500 over seven years. Card-holders could apply the rebates toward the lease or purchase of new GM cars and trucks -- except for the hot-selling Saturn, which has never offered price...
Banks such as BayBank Systems Incorporated, CitiBank, Chase Manhattan and Nations Bank also offer incentives to woo college students to open MasterCard and Visa accounts...