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.
Category: Credit Cards
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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.
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What the Fed’s Rate Moves Could Mean for Loans, Mortgages and Savings
Higher rates benefit those who can save, but for borrowers, falling rates would reduce bills on credit cards, student loans and other forms of debt.
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Trade Groups Sue to Block Credit Card Late Fee Limit
Banking groups and Texas business associations asked a federal court to abolish a new federal rule that would cap most late fees at $8.
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New Federal Rule Caps Most Credit Card Late Fees at $8
The Consumer Financial Protection Bureau said its new restriction would save households $10 billion a year in “junk fees.”
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Looking for a Lower Credit Card Interest Rate? Good Luck.
Comparison sites often emphasize the big banks’ offerings even though smaller banks and credit unions typically charge significantly less.
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Tips for Renting a Car Abroad
Hitting the open road can be a memorable way to explore a country, but it comes with potentially expensive hazards. Here’s how to navigate some of them.
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Capital One Discover Deal: What to Know
Before two of the largest credit card companies in the United States can complete a $35 billion deal, they’ll face an uphill battle with regulators.
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How Washington May Approach the Capital One-Discover Deal
Regulators have been tough on big financial mergers, though there are nuances in Capital One’s $35.3 billion takeover bid for Discover.
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Capital One Said to Be in Talks to Acquire Discover
The proposed deal would combine two of the largest credit card companies in the United States.