Credit Matters

The current economic crisis is having a measurable affect on credit card companies, causing the industry as a whole to make changes as they struggle to maintain fiscal health and viability. What that means for the consumer is they will have to be vigilant in watching for how those changes will affect the cost of their credit.

According to a recent CNNMoney.com report, Capital One, a major credit card issuer, its number of loans that it doesn’t expect to be able to collect rose significantly during the month of January, a trend that most credit card issuers have been seeing. With personal bankruptcy on the rise, according to data from CardTrak.com, “rising 29% from one year ago and 11% sequentially,” it comes as no surprise that credit card issuers are seeing more delinquent accounts and feeling the pain of decreased revenue as consumers simply spend less.

U.S. Bank has unveiled the "AeroMexico Visa" and "AeroMexico Visa Signature". Customers can earn "AeroMexico Club Premier Miles" for all their purchases. Miles can be redeemed for travel from 16 U.S. airports served by AeroMexico to more than 40 destinations in Mexico as well as other popular international destinations.

For more information visit. CardTrak.com.