Retail in Asia

In Markets

A real credit thaw or just a test?

In July and August, Chase, Barclays, Citibank and Bank of America sent out more small-business credit-card offers in the US than in previous months, according to Mintel Comperemedia, a Chicago firm that tracks direct mail. What’s more, the number of mailings received by small businesses remained flat in 2009 – a distinct improvement over 2008, when the number of business card mailings tracked by Mintel dropped 82 percent.

JPMorgan Chase’s Chase Card Services is getting in on the action, too. Last week, the company announced plans to launch four business cards developed specifically for small businesses, including a pay-in-full charge card that will compete directly with American Express’s Gold business charge card.