Visa Loses Target Store Brand Cards

Filed under: Target Corp. (TGT), American Express (AXP), MasterCard Inc'A' (MA), Visa Inc. (V)

In order to spur spending, Target Corporation (TGT) has long offered discounts to consumers who signed up for its store-brand credit cards. And more often than not, those cards carried the Visa, Inc. (V) logo.

Well, not any more. This week, TGT announced it will no longer issue cards with the Visa logo and instead encourage shoppers to sign up for its own plastic "REDcard." It's a trend that could sap revenue away from credit card stocks V, Mastercard In (MA) and American Express (AXP).

Continue reading Visa Loses Target Store Brand Cards

Visa Loses Target Store Brand Cards originally appeared on BloggingStocks on Wed, 21 Apr 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=218faa8fe6c9175752a3034423f08c67