Following Discover and Capital One, Citi has begun delivering complimentary FICO Scores to Citi-branded consumer credit cardholders. Citi ended 2014 with 23.6 million U.S. bank credit card accounts.
Commerce Bank have come together with The National Wild Turkey Federation to offer NWTF members a Visa® rewards credit card, the only credit card that gives back to the NWTF. The card offers a flexible rewards program with unlimited point earnings, and no annual fee. Proceeds from use of the NWTF Visa credit card will benefit the “Save the Habitat.
The University of Montana Alumni Association (UMAA) and Commerce Bank have come together to offer UMAA members a Visa Signature® rewards credit card. The card offers Signature Rewards with high reward point values, unlimited earnings and bonus point opportunities as well as no annual fee. The University of Montana Alumni Association was founded in 1901 and now serves nearly 100,000 alumni across the country and around the world.
USA Triathlon and Commerce Bank partnered to offer USA TRIATHLON members a Visa rewards credit card. The card offers reward points with unlimited earnings, bonus point opportunities, as well as no annual fee. Cardholders can redeem points for thousands of items including cash back as statement credits, gift cards, merchandise, or travel. Additional features include select perks such as special offers on travel, fine wine and food, sports and entertainment. Cardholders also benefit from 24/7 customer service and Visa Signature concierge, Visa Zero Liability coverage1, E-Statements and optional AutoPay.
Commerce Bank is offering a Visa Signature Rewards credit card to alumni and friends of Southern Methodist University (SMU). The card offers high reward point values and unlimited earnings, as well as no annual fee. Cardholders are able to redeem points for cash, gift cards, merchandise, or travel. Additional Signature rewards and benefits include 24/7 concierge service, exclusive perks, such as special offers on travel, sports, and entertainment, and the Visa Zero Liability coverage. SMU has a current enrollment of more than 11,000 students and an alumni network of more than 100,000 graduates. The SMU Visa Signature card is accepted anywhere Visa cards are accepted.
The Commerce Trust Company, in conjunction with Commerce Bank, is offering its clients greater flexibility and security for their purchases at international locations by adding the new World Elite MasterCard® product to its private banking card portfolio. The chip-enabled World Elite MasterCard offers private banking clients improved ease of use when travelling internationally, no foreign transaction fees, and enhanced reward options. The World Elite MasterCard has no preset spending limit and provides cardholders with airport lounge club membership, one-day card replacement delivery to U.S. and global destinations* for lost or stolen cards, and a dedicated 24/7 customer service line and enhanced servicing.
Commerce Bank made available to its Visa Signature Credit Card holders more convenience and safety when traveling, launching the chip-enabled Visa Signature Credit Card. Embedded with a Europay, MasterCard and Visa (EMV) microchip, the card provides greater acceptance at international merchants where chip card terminals have become the standard. The chip-enabled credit card includes elements that offer each transaction an additional layer of security for regular purchases in stores as well as those made at unattended terminals such as automated ticket dispensers commonly found in European train stations.
American Express has been ranked highest in customer satisfaction among U.S. credit card companies on the annual nationwide consumer study by J.D. Power and Associates. This places American Express highest in overall satisfaction among 11 of the largest card issuers in the U.S. American Express has received the study’s top ranking every year since it was launched in 2007. The J.D. Power and Associates 2012 Credit Card Satisfaction StudySM looks at six factors to determine overall satisfaction: Customer Interaction, Billing and Payment Process, Credit Card Terms, Rewards Programs, Benefits and Services, and Problem Resolution. This is through an enhanced website to provide an improved user experience; “tagging” to help Cardmembers create a customized view of their charges and simplifies the experience of managing their expenses; an all new Account Manager feature, making it easy for Cardmembers to list additional individuals, like a spouse or a business partner, who are authorized to access and manage their card accounts; and “My Offers” mobile offer engine that recommends and ranks relevant merchant offers in real time for U.S. Cardmembers based on their spending history and location.
VantageScore made available its consumer-facing white paper to explain how and why credit scores change often, how certain common credit-related activities impact credit scores, and how to improve one’s credit score. The “Assume the Role of Managing Your Credit Prudently and Watch Your Credit Score Improve” white paper includes easy-to-follow graphics demonstrating the impact on a credit score from such things as missed payments, a credit inquiry and closing a credit account. It also includes sample consumer profiles ranging from consumers with high credit scores, those with low credit scores and those in between, as well as ways each type of consumer can improve one’s scores both in the short- and long-term. VantageScore Solutions created these profiles so that consumers can have a directional guide that easily explains how certain activities might impact their own credit scores.
M&T Bank reported its results of operations for 1Q/11, demonstrating loans past due 90 days or more accrued interest of $264 million at the end of the recently completed quarter, including loans guaranteed by government-related entities of $215 million. Such past due loans were $270 million and $203 million at December 31, 2010 and March 31, 2010, respectively, including $214 million and $195 million of government guaranteed loans at those respective dates. Noninterest income totaled $314 million in the first quarter of 2011, compared with $258 million and $287 million in the first and fourth quarters of 2010, respectively. M&T had total assets of $67.9 billion at March 31, 2011, compared with $68.4 billion a year earlier while loans and leases were $52.1 billion at the recent quarter-end, up $675 million from $51.4 billion at March 31, 2010 and $128 million higher than $52.0 billion at December 31, 2010. Total deposits rose 6% to $50.5 billion at March 31, 2011 from $47.5 billion a year earlier and were up 1% from $49.8 billion at December 31, 2010.
Tom Quinn has been appointed to the Credit.com consumer education expert team, bringing with him more than 20 years’ experience with the likes of FICO, Experian and Citibank. He spent the last 15 years at FICO creating and delivering scoring educational initiatives and was later appointed to develop, launch and grow myFICO.com to give consumers direct access to their FICO scores. He was subsequently appointed VP of the division. For what is now FICO, he acted as Product Manager of the MDS Bankruptcy Scores and spent several years in Citibank’s Credit Card division.
Commerce Bank has added the Viewpointe “Pointe2Pointe” check image exchange and archive services and is now an Internet connectivity customer. The Bank can now offer customers check image exchange transfers more efficiently and cost effectively. Offering a secure platform to connect with other exchange partners by leveraging commonly used file transfer software, “Pointe2Pointe” enables financial institutions to safely send and receive electronic check images between Viewpointe customers, eliminating the time and expense associated with paper transfers.