Word: mastercards
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...large number of college credit cardholders is indicative of aggressive marketing by companies such as American Express, MasterCard and Visa. Not only do many of these companies waive minimum income requirements, they also offer incentives aimed at college students...
...credit card craze is not limited to credit card companies like American Express, MasterCard and Visa. Retail, oil and phone companies have created their line of credit cards for customers...
...minutes later a woman approaches his desk, searching for ID among a multitude of credit cards. "We take Visa, Mastercard..." Prim tells...
...managers lacked the subtle nuances of knowing when to close bad accounts and start collecting. As a result, in the second quarter Optima's charge-off rate on accounts unpaid after 180 days was 8%, or about twice the average for similar cards. Says Alex (Pete) Hart, president of MasterCard: "American Express painfully ; discovered that the revolving-credit business is a different animal...
Adding to the card division's headaches have been a series of revolts by disgruntled merchants demanding that the company lower the rate it imposes for handling customer transactions. Traditionally, American Express has charged merchants a premium -- as high as 4.25% for most retailers, about twice what Visa and MasterCard charge. In justifying its rate, Amex contends that its customers tend to be bigger spenders than bank-card holders. But as Visa and MasterCard have become more competitive in the prestige-card market, merchants have lost patience with Amex's higher premium...