Are Travel Loyalty Programs at Risk?
A new agreement by Visa and Mastercard to reduce fees charged to merchants may drain the lucrative rewards that grant free travel to many credit card users.
A Review of Robinhood’s 3 Percent Cash-Back Card
Charles Schwab stopped offering a 2 percent card years ago, and most banks don’t hand over more than 2 percent either.
Posted inBanking and Financial Institutions Credit Cards Personal Finances Shopping and Retail Suits and Litigation (Civil)
Visa and Mastercard Agree to Cap Swipe Fees in Settlement
The deal could save merchants $30 billion over five years. It would also allow them to adjust prices based on the costs of accepting different credit cards.
Posted inArtificial Intelligence Content Type: Service Credit Cards Elections Inflation (Economics) Interest Rates Personal Finances Stocks and Bonds United States Economy
In the Markets, a Tug of War Between Big Tech and the Fed
On Wall Street, excitement about A.I. outweighs concern about interest rates. But rocketing stocks could make it tough for the Federal Reserve to cut rates.