In Brief: NextCard Passes the Million Mark

June 28, 2001, 1:00 a.m. EDT 1 Min Read

Dow Jones

SAN FRANCISCO NextCard Inc. said Tuesday that it surpassed the million mark in customer accounts this month and that it is on track to break even by the fourth quarter.

In a press release, the Internet company said that NextCard Visa, introduced in December 1997, has brought innovations including online balance transfers, online bill payment and account management, and a 100% safe-shopping guarantee.

NextCard, which issues credit cards through its NextBank subsidiary, lost 37 cents a share in the fourth quarter.

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