Thursday, July 24 - 2008

Credit card companies boost offerings

Wednesday, April 23 - 2008 at 08:14

Competition among credit card companies has intensified, with some of them offering cash-back features, reported Khaleej Times. American Express has recently begun offering a 5% cash-back for the first three months, more than the market leader Capital One's offering of 4% for the same period. Cash-back cards currently make up 10% of the cards on the market and the average interest rate on purchases through credit cards has been 0.72%.

Jeff  Florian Jeff Florian, Senior Reporter
Wednesday, April 23 - 2008 at 08:14 UAE local time (GMT+4)

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