JAKARTA (AFP) — Credit card companies and Indonesian authorities said Tuesday they were investigating card counterfeiting estimated by police to have caused more than three billion dollars in losses. “The estimate up to now is 30 trillion rupiah (3.24 billion dollars) in losses, but it could increase as we investigate further,” Indonesian national police spokesman [...]

This is the last article about American Express Story, you can read the other articles here : American Express – Our Story Part 1 American Express – Our Story Part 2 American Express – Our Story Part 3 American Express – Our Story Part 4 FULL CIRCLE More than 4,000 American Express employees were in [...]

 This is the fourth article about American Express. You can read the previous articles here: American Express – Our Story Part 1 American Express – Our Story Part 2 American Express – Our Story Part 3 TRYING TIMES In 1987, American Express Bank added $950 million to its reserves against outstanding loans in Latin America. [...]

This is the third article about American Express, if you miss the first and second article you can read it here American Express – Our Story Part 1 and American Express – Our Story Part 2 MATTERS OF SURVIVAL American Express nearly disappeared as an independent company in 1929. Chase National Bank had been quietly [...]

  by: ARA Content (ARA) – According to American Consumer Credit Counseling, Inc., the average balance on a credit card is $7,000, offering an average interest rate of 18.9 percent. Additional statistics show that the average household has 10 credit cards and, not surprisingly, over half of those households report having trouble paying their minimum [...]

Yes, credit card was not created for everyone.  If we look at the history of credit card, we can see that credit card was created to make life easier for its holder, but now a days, many people fall into credit card debt.  If you felt into credit card debt, obviously it is not for [...]