Credit Cards Truthiness

Archive for August, 2009

Kohl’s, emerging as one of the largest US retailers after starting out as a single store in 1962, introduced its own credit card called Kohl’s Charge. No annual fee is charged on this card which is geared towards loyal customers at Kohl’s stores and distribution centers in 48 states across the US.  Cardholders can receive extra discounts of as much as $120 annually, and likewise have the chance to gain Most Valued Customer (MVC) status which further carries additional benefits.  The MVC could be earned by purchasing $600 worth of merchandise using the Kohl’s plastic every year.  The MVC benefits include a sale day of the cardholder’s choice six times a year in addition to periodic special offers throughout the year that could translate to $170 total savings for the customer. Bill payments are accepted by phone or at any Kohl’s cash register. Another option is by mail to this payment address for Kohl’s credit card: Milwaukee Payment Center, P.O. Box 2983, Milwaukee, WI 53201-2983. Another address is: Kohl’s Payment Center, P.O. Box 30510, Los Angeles, CA 90030-0510.

The Discover card is a pioneering financial product introduced by Discover Financial Services nationally during the Super Bowl of 1986.  The company was the first to offer a rewards system to its costumers as well as the first credit card with no annual fee for members.  Because of these pioneering efforts, Discover Financial has become a leading US electronic payment services firm.  Billions of transactions are processed in the company’s network: Discover Network, Diners Club and PULSE.  Millions of merchants and cash access sites are linked to Discover Network.  Diners Club International, the creator of the world’s first multi-purpose charge card, operates as a global payment hub honored in 185 countries and territories around the globe.  Over 4,400 point of sale terminals and financial institutions are served by PULSE. Payment address for Discover card, as well as for Discover business, is Discover Card Services PO Box 6103 Carol Stream, IL 60197-6103.