In the fight between Diners' Club, American Express and Carte Blanche for the nation's credit-card business, someone, and perhaps everyone, was bound to get hurt. Last week Carte Blanche admitted that it was hurt—and badly. For the fiscal year ending April 30, President Benno M. Bechhold estimated that the Hilton Credit Corp., which set up Carte Blanche, would lose $4,000,000. The reason: "Our unsatisfactory collection experience."
When Carte Blanche shouldered its way into the credit-card field two years ago, American Express and Diners' Club were already there. To get business, Carte Blanche agreed...
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