Credit Card News

06
Jul
New Wells Fargo Propel Amex Card Offers 3x Points With No Annual Fee

Consumers who love rewards credit cards have a new option to consider – a Wells Fargo card that doesn’t charge an annual fee. The new Wells Fargo Propel Card is an American Express card that offers three points per dollar spent on dining charges. Plus, it awards cardholders three times the points on certain travel costs like […]

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31
May
Hilton Hotel Credit Cards Offer Up to 125,000-Point Welcome Bonus

Three different Hilton and American Express credit cards are currently offering more points than usual as welcome bonuses – the Hilton Honors Card from American Express, the Hilton Honors American Express Business Card, and the Hilton Honors Ascend Card from American Express. These deals won’t last long – they end on June 27 according to Business Insid

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26
May
Don’t Expect to Use Your Credit Card to Bet on Sports Anytime Soon

On May 14, the United States Supreme Court ruled that states can allow betting on individual sporting events. This overturns the 1992 federal law, the Professional and Amateur Sports Protection Act, that banned sports betting across America (except for Nevada). The new ruling doesn’t technically legalize gambling on the federal level, but it lifts the […]

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29
Mar
Q&A: How Kalpesh Kapadia and Deserve.com Are Helping the “Credit Invisibles”

For any individual at the college stage, obtaining credit is a necessary milestone on the path towards financial freedom and recognition. For instance, if you want a mortgage down the line, you need to have an established, successful credit history. Chances are you started building your credit in college. While this seems like a given, […]

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01
Mar
Have Chip-Based Credit Cards Cut Down on Fraud in the U.S.?

In 2015, many banks and retailers made the move to chip-embedded credit cards on the heels of several breaches and hacks at major retailers. Currently, chip readers have only been installed in 59 percent of the stores in the U.S. However, those that are capable of handling the technology have seen a 70 percent decrease in fraud […]

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27
Feb
Citibank Owes Some Cardholders a Refund – Will You Get One?

Some Citigroup credit card customers will receive refund checks thanks to a miscalculation of annual percentage rates (APRs). The bank disclosed in a Securities and Exchange Commission filing that it discovered its method utilized to calculate APRs was too high for accounts with good behavior, including those with on-time payments. As a result, accounts had been

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26
Sep
NY Startup Aims to Make Credit Cards More Available to New-to-Credit Consumers

This month, one New York startup garnered some attention for trying to revamp the credit card industry. By utilizing a new underwriting method, startup company Petal hopes to cost effectively offer its own credit card to potential cardholders with lacking credit histories. Petal is actually offering its own credit card to consumers who are missing […]

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20
Sep
Potential Visa, MasterCard Competitor Is on the Horizon

Visa and MasterCard are the two predominant credit card networks in the world. They service millions of credit cards and debit cards across the globe, and so far, they only have two other card network competitors, American Express and Discover. Keep in mind that Amex and Discover don’t even touch the debit card market. At […]

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05
Sep
Discover and American Express Credit Card Products Recognized for Customer Satisfaction

Two credit card companies, Discover and American Express, were recently recognized in a study by J.D. Power, a global commerce and market research company. The study pertains to responses from the fourth quarter of 2016 to mid-2017. Out of several study highlights, customer satisfaction broken out by company is one of the findings highlighted by J.D. Po

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