Higher rates benefit those who can save, but for borrowers, falling rates would reduce bills on credit cards, home equity loans and other forms of debt.
Category: Credit Cards
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Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans
Financial regulators and consumer advocates frown upon using credit cards to pay off installment loans because of the risk that consumers will dig themselves further into debt.
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American Express Buys Tock to Pursue Customers Shelling Out on Dining
The credit card company acquired Tock, a restaurant reservation company, after buying its rival, Resy, in 2019.
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How Fed Rates Influence Mortgages, Credit Cards and More
Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.
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When a Bank Rescinds a Job Offer Because It Canceled Your Credit Card
Last year, JPMorgan Chase wanted to pay Mansoor Shams a low-six-figure salary to work in a marketing role. Then it reviewed his account activity.
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Judge Blocks New U.S. Rule Limiting Credit Card Late Fees
Set to take effect on Tuesday, the rule would save households $10 billion a year in “junk fees,” the Consumer Financial Protection Bureau said.
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What Fed Rate Moves Mean for Mortgages, Credit Cards and Student Loans
Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.
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Now Arriving at an Airport Lounge Near You: Peloton Bikes, Nap Pods and Caviar Service
In recent months, a handful of exclusive credit card lounges have opened in airports in the United States. More are coming this year.
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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.
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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.
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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.
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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.