Visa 4Q profit rises 14 percent on heavy card use

Posted by administrator | 26/10/11 | Tagged Credit Card

Visa 4Q profit rises 14 percent on heavy card use
News from The Associated Press:

Visa 4Q profit rises 14 percent on heavy card use

NEW YORK (AP) — Increased use of debit and credit cards throughout the world pushed Visa Inc.’s fiscal fourth-quarter profit up 14 percent.

But its quarterly revenue came in shy of Wall Street expectations, in part because because the company has been cutting deals with merchants to hold onto or attract business as it tries to cope with new regulations.

The San Francisco-based company said Wednesday that it earned $ 880 million, or $ 1.27 per share, for the three months that ended Sept. 30. That compared with $ 774 million, or $ 1.06 per share, in the year-earlier period.

Revenue rose 13 percent to $ 2.38 billion, up from $ 2.12 billion last year.

After the company repurchased shares, there were 5 percent fewer outstanding, which also boosted earnings per share.

A…………… continues on The Associated Press
… Read the full article
.

Related News:

Why banks want to wean you off debit cards
News from msnbc.com:

updated 2 hours 30 minutes ago 2011-10-27T00:01:01

Debit cards are no longer the darling of the banking industry. That’s because new federal rules limit the “swipe fee” big banks are paid when you use their card. This could lower industrywide revenue from debit cards by billions of dollars a year.

One way some banks hope to get that money back is to charge their debit card customers a monthly fee. Another is to boost credit card use.

… Read the full article


ITunes Gift Card

  • Premium greeting cards options are available. Mail the gift card inside a personalized, 5×7 inch greeting card, which can added during Checkout.
  • Online only
  • Retail stores located nationwide.
  • Product cannot be shipped to freight forwarding companies.

iTunes Gift Cards are the perfect gift for anyone who enjoys one-stop entertainment. Each card features an iTunes Store code redeemable for music, movies, TV shows, audiobooks, games, and more. Recipients can sync to their iPod, iPad, or iPhone, burn music to CD, and watch or listen on their computer-Mac or PC.

List Price: $ 25.00

Price:

U.S. Consumer Credit Card Debt Levels on the Rise

Posted by administrator | 26/10/11 | Tagged Credit Card Debt

U.S. Consumer Credit Card Debt Levels on the Rise
News from Zimbabwe Guardian:

It’s like a rollercoaster that will not stop. The credit card debt pay down that comes in first fiscal quarter of each year is inevitably followed by a three-quarter stretch where these pay downs are systematically erased and new debt is often incurred. But why are things getting worse? Why are the pay downs now smaller and the new debt more burdensome? And what does this say about our citizenry?

The second quarter of 2011 saw U.S. consumers garner almost $ 18.5 billion in new debt, according to a Card Hub debt study, erasing a nearly $ 33 billion first-quarter pay down and overshadowing the Q1 debt increase by 66% and the 2009 version by 368%.

What seems to be happening is that too few people are taking the lessons of the housing bubble to heart. Things simply aren’t going back to the pre-recession idea of no…………… continues on Zimbabwe Guardian
… Read the full article
.

Related News:

Excess Spending at Halloween is a Scary Proposition for Those in Debt
News from Sacramento Bee:

Ideas that can avoid the frightening prospects of even more credit card debt on October 31st

ORLANDO, Fla., Oct. 26, 2011  /PRNewswire-USNewswire/ — The ghastly cost of Halloween costumes, decorations and “treats” can be a spooky reality for consumers suffering with high credit card debt.  The National Retail Federation (NRF) says it expects total spending on Halloween in the U.S. to reach $ 6.9 billion in 2011, up 18% from last year.  With consumers already struggling with high credit card debt in the United States, this trend could be a scary signal for Americans tempted to add to those totals this Halloween season.

(Logo: http://photos.prnewswire.com/prnh/20110307/DC60592LOGO)

“70 percent of those asked in the NRF survey said they plan to celebrate Halloween in some way, and the average person will spend…………… continues on Sacramento Bee
… Read the full article


Maxed Out
This takes viewers on a journey deep inside the american style of debt when things seem fine as long as the minimum monthly paymen…
Wallmonkeys Peel and Stick Wall Decals – Credit Card Finance Debt – 24″W x 16″H Removable Graphic
WallMonkeys wall graphics are printed on the highest quality re-positionable, self-adhesive fabric paper. Each order is printed in…

10 tips for wise credit card use

Posted by administrator | 26/10/11 | Tagged Credit Card

10 tips for wise credit card use
News from CBC.ca:

Following are 10 tips for wise credit card use, from the Financial Consumer Agency of Canada:

1. Know what you’re getting into. Read the terms and conditions of the legally binding contract carefully to understand how they apply and your responsibilities. Having a credit card doesn’t increase the amount of money you have available to spend. Continue to live within your means and your budget.

2. Set the goal to pay off your balance in full by the due date every month. Carrying a balance means that everything you charge to your credit card actually costs you more than the purchase price, because you are paying interest. And the longer you carry a balance, the higher the cost.

3. If you can’t pay your monthly balance in full and the outstanding balance is growing, you are spending more than you can afford and going further into debt. If you find y…………… continues on CBC.ca
… Read the full article
.

Related News:


© 2017. Credit Card Talk