ADVERTISEMENT

PHOTOS

Infographic Daily: Credit Cards Go Social

Gallery Icon

bill-swift - August 22, 2012

A lot of young people found themselves in debt after they got a credit card and spent money that they didn't have (and racked up bills that they couldn't pay off.) Sounds pretty sad, and it probably isn't what credit companies intended to do (or is it?) when they pushed their credit cards into the hands of young folks who didn't know any better.

This was why the Credit Card Accountability, Responsibility, and Disclosure Act was introduced. Because of the act, companies can no longer set up tables near campuses offering gifts while requiring applicants under 21 to have a co-signer or prove that they have a sufficient income.

What the act doesn't discount is social media--and that's what credit card companies are zoning in on right now.

Here's what some of America's biggest card companies are up to:

  • American Express lets people sync their cards to AmEx's Facebook and Twitter accounts to redeem 'social deals.'
  • Chase held a $1 million 'Like' sweepstakes on Facebook. (One million bucks? Holy cash cow!)
  • Capital One went the virtual game route and set up shop in CityVille.
  • Discover gave people who got a card through FarmVille a $100 game card. (For real? A game card?! That's it?)
  • Citi came up with a Facebook app that let cardholders earn reward points which they can use to redeem gifts.

Check out the rest of today's infographic for more

social media talk

 when it comes to credit cards, customer complaints, and more!

Tagged in: gear , infographic ,


Disclaimer: All rights reserved for writing and editorial content. No rights or credit claimed for any images featured on egotastic.com unless stated. If you own rights to any of the images because YOU ARE THE PHOTOGRAPHER and do not wish them to appear here, please contact us info(@)egotastic.com and they will be promptly removed. If you are a representative of the photographer, provide signed documentation in your query that you are acting on that individual's legal copyright holder status.



>