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Delta and Citi Launch "Citi Delta SkyMiles"

SkyMiles is the world's largest frequent flyer program.

Wednesday, July 15, 2009

©image: Maria Ly

Travelers choosing this card will obtain double miles for all their purchases, with a welcome credit of 4.000 to 20.000 miles, depending on the type of card.

"Members of this program have the flexibility of using their Delta miles in any flight, on any day", published Elfinancierocr.com, "this promotion will be valid from August 1 to October 31".

Source: elfinancierocr.com

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Panama: New Credit Card Law

November 2009

Once it comes into effect, banks will be obliged to notify any interest rate changes 30 days earlier.

Another aspect included in the legislation states that cards must only be issued by request and will of the customer.

"The law also establishes that the contract will be valid for as long as both parties agree to", reports Prensa.com.

Nicaragua: Credit Card Law Reviewed

October 2010

The amendments to Law 515 could be approved at the National Assembly in two weeks.

Sandinista legislator, Wálmaro Gutierrez, requested the Economic Commission to approve the report which is ready for signature since June.

Laprensa.com.ni reports, "The Assembly Board stipulated 1 week timeframe for the Economic Commission to pass and approve the report”.

Unions Opposed to Credit Card Law Reform

October 2011

Salvadoran private sector unions have expressed their opposition to state intervention in the market.

The new law, which sets a ceiling on interest rates for credit cards, is deemed to be a hindrance for the country's economy.

According to the Salvadoran Foundation for Economic and Social Development, Fusades, the reforms will result in reduced access to financing, they are therefore calling on President Mauricio Funes to veto the reforms.

Panama: New Credit Cards Down 41%

December 2009

Between January and September 2009, credit card companies issued 6.442 cards, 41% less than the same period of 2008.

This was mostly caused by banks imposing considerable restrictions to credit.

A report by APC, the Panamanian Credit Association, added: "The number of active credit cards dropped 3.2%.

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