NextCard, Inc. (NXCD) Message Board

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Technology Stocks : NextCard, Inc. (NXCD)

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To: EenieMeenie who wrote (15)	5/20/1999 3:38:00 PM
From: Tech Expert	Read Replies (1) of 192

NextCard will simply NOT be able to compete with the other retail banks which have their online banking operations. Other much bigger visa issuers have all the stuff that NextCard is offering and more, which is the availability of an real bank when you need to speak to a bank officer in person for your specific need. If NextCard is trying to act like a real bank, how would you get a cashier check? When you need to obtain cash, use an ATM machine and pay $X in fees. How would you deposit your checks? Write a letter to NextCard and mail it? Just think of the time you need to accomplish that. Also, when their system is down, then you are out of luck! NextCard simply offers to put any picture of your interest on the face of the card, this kind of simple marketing scheme will not survive in the long run. This is a bubble getting ready to bust. When the music is over, whoever left without a chair will suffer big time. All the bigger and more reliable issuers have already been doing the same thing for a while. Check out First USA and MBNA. There is absolutely no added valued from NextCard.

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