Credit Card Issuers Forcing Some Cards Out

**Finance Globe** · April 25th, 2008, 10:17 PM

I wanted to give everyone a heads up of some changes that are going on with the credit card database: There has been allot of recent changes and challenges in the credit card market. I believe that the credit crunch has played a very large part in putting stress on banks. In short, a limited number of banks want some aspect of control over financial sites that display their information. And as a result, some cards (even though they are still available to apply) may be removed from the main system. This will not affect the credit status or credit card review programs.

Explanation: As you know, we list a large majority of credit cards that belong to well-known financial institutions. Most of them have been well aware of financeglobe.com since it's launch in 2005, and most have applauded us when listing their cards.

Several weeks ago, Citibank instructed us to remove several of their cards from our card database. Now, we are getting that same request from Chase. Beginning this Monday, 70 cards will be taken out of the database.

As stated, this will not affect the credit status or credit card review system. Those cards will still show up.

I'm not aware of the length of time that this request will remain in effect, nor the magnitude of this issue with the banks. The site will stay the same, and we will recuperate the number of removed cards with new cards.

Thank you for your understanding.

Mike

**Rockin35** · April 25th, 2008, 11:05 PM

Why is it that they are asking for the removal of their cards? I dont get it?

Rockin35

**Finance Globe** · April 26th, 2008, 12:01 AM

This is a regulatory action from 2 of the issuers. Citibank and Chase. You should see this with other sites showing the same cards, if any. It's also a possibility that the issuers want to remain secretive about the rates and other terms. This is just how the world turns...

I know that most of you may be thinking that the issuers should be happy that they're getting free exposure and marketing. I think so also...

**Meya** · April 26th, 2008, 12:02 AM

Let it roll, they will be back!

**Finance Globe** · April 26th, 2008, 12:15 AM

Meya, the only thing that I can say is that I see changes almost every day with these cards. There are about 900 adjustments for 500 cards every year. Our team is constantly updating cards, and adhering to the banks requirements for listing them. Every now and then, we get something like this.

I would have to say that this is indefinite for the time being. It could be 5 weeks, or 5 years. I don't see this having a dominoe effect, but anyway, the site will live on no matter what happens.

**Meya** · April 26th, 2008, 12:22 AM

Of course this site will live, removing cards for 20 years will not stop this show. We have enough postings and experienced members who will refer credit card seekers in the right direction. There is enough credit levels for everyone who comes in to the Network, and a nice amount of postings to keep everyone moving in a smooth direction. You have so many cards on the database until I don't think anyone will even notice they were missing.

900 adjustments for 500 cards every year

No one here never noticed it, so let's keep the song playing "AINT NOT STOPPING US NOOOOOW, WERE ON THE MOVE"

**Finance Globe** · April 26th, 2008, 12:33 AM

Meya, you make me laugh when I read your posts

.

I just wanted to let everyone know what was going on when they saw 70 cards removed.

**Meya** · April 26th, 2008, 04:58 AM

**Eldarwen** · June 12th, 2008, 06:53 PM

That's understandable. Let's hope everything with the economy picks up for the better.

**Meya** · June 14th, 2008, 01:33 PM

It is going to take a long time, I feel it in my bones and wallet

**Eldarwen** · June 15th, 2008, 09:28 AM

Yes, it will take a very long time for things to get better.

**Meya** · June 15th, 2008, 12:48 PM

I am glad that this thread was updated, this is good information for mousepad to read. I hope you are reading this thread mousepad, it is good information for you.

**hjm331** · June 16th, 2008, 01:06 AM

The economy is pretty bad right now. I'm looking for a second job right now and I have filled out 10 applications in the past week or so and I have not received any phone calls. It's starting to stress me out because I really need the money from the second job to pay my credit cards.

**mousepad** · June 16th, 2008, 04:32 AM

Originally Posted by Meya

I am glad that this thread was updated, this is good information for mousepad to read. I hope you are reading this thread mousepad, it is good information for you.

yes i am here and i am reading
i knew something was going on lol

**Eldarwen** · June 16th, 2008, 11:51 AM

I am thinking about getting a second job. One for the bills (credit cards, cell phone, etc.) and the other for other things (to start a retirement fund and savings). It will be a lot of work to get a consistant work schedule from both places. I've seen the McDonalds in my area that is hiring. So I will start there.