UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: Fallout2Queen Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308881  
Subject: NextCard Articles Date: 7/10/2002 10:03 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
As a follow up to the thread about NextCard closing accounts, here are some articles about it:

http://story.news.yahoo.com/news?tmpl=story&u=/ap/20020710/ap_on_hi_te/nextcard_accounts_5
Like most credit card issuers, NextCard offered programs that rewarded accountholders with points based on how much they spent with their cards. The points are supposed to redeemed for merchandise.

Online retailer Amazon.com, which owns an 8.1 percent stake in NextCard, provided one of the credit card company's most popular incentive programs. The FDIC advised NextCard accountholders that Amazon won't redeem the spending points, but Amazon said Tuesday evening it would honor the points.

Amazon ended its co-branding agreement with NextCard shortly after regulators seized the credit card accounts, according to a Securities and Exchange Commission ( news - web sites) filing.

"We don't want customers to worry. They will be able to redeem their accrued points with Amazon.com," said company spokeswoman Patty Smith. "We'll be in touch with customers over next several days on how that will work."



http://story.news.yahoo.com/news?tmpl=story&u=/cn/20020710/tc_cn/942675
http://story.news.yahoo.com/news?tmpl=story&u=/ap/20020710/ap_on_hi_te/nextcard_accounts_3
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement