credit cards

Consumers are "still depressed” despite a bounce in sentiment, Gregory Daco, chief economist at Ernst & Young, recently said. Major purchases are being put on hold as shoppers opt for frugality over luxury treats and discretionary spending. Then again, consumers who continue to swipe...

More U.S. consumers are reportedly depending on their credit cards each month while many are doing so without being aware of the interest rates they’re paying. According to data collected by Bankrate LLC in December, close to 46% of cardholders don’t pay off credit cards in full...

Many companies have rewards programs and branded credit cards offering benefits to holders. Leading movie theater company AMC Entertainment Holdings Inc (NYSE: AMC) is combining these efforts to help its rewards members earn rewards faster: here’s how. What Happened: AMC...

Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the past two years. But there is no question some big-name stocks performed better than others since the pandemic bottom. Visa's Bumpy Ride: One company that has been a...

It’s the day after Thanksgiving and you’re part of the Black Friday crowd rushing into to Best Buy Co Inc. (NYSE: BBY) to catch the latest deals it has on gifts that your tech-savvy friend or family member would love to have. And, lucky you, Best Buy is offering up to half off on some...

Bank of America Corp (NYSE: BAC) was out Monday with its current asset quality ratings. While net charge-offs are still "low and stable," the bank is closely monitoring early credit card delinquencies as they start to rise. This is a result of consumers racking up credit card debt because...

Apple Inc (NASDAQ: AAPL) introduced new savings account for users of its credit card on Thursday. What Happened: Apple Card users will now be able to save their “Daily Cash” rewards in a high-yield savings account from Goldman Sachs Group Inc (NYSE:...

By Chaim Geller Which credit card debt should I pay up first? Americans have billions of dollars in credit card debt. If you have credit card debt and suddenly you pop an extra $1,000 bucks on some side hustle, then paying your credit card debt is a smart investment in which to use the extra money...

Apple Inc (NASDAQ: AAPL) is reportedly working on integrating credit card acceptance directly into the iPhone. What Happened: The Tim Cook-led company has been working on a service that will allow its iPhone users to accept credit cards directly through their devices negating the need for extra...

General Motors Co (NYSE: GM) on Monday launched a digital-friendly credit card with Goldman Sachs Group Inc’s (NYSE: GS) consumer banking platform Marcus, the Detroit Free Press reported. What Happened: The move is a significant step for the legacy automaker as it migrates to a digital...

Payments giant Mastercard Inc (NYSE: MA) is bringing crypto-linked credit and debit cards to users in the Asia Pacific region.  What Happened: Mastercard said it will launch crypto-funded payment cards for users in the region after partnering with three of the APAC’s leading crypto...

Earnings season continues to heat up with many of the largest companies reporting quarterly results over the next several weeks. Among the biggest categories represented with earnings this week is financial services companies. Here is a look at five financial companies reporting earnings this...

Mastercard (NYSE: MA) has acquired cryptocurrency analytics firm CipherTrace to leverage its technology in its move into the crypto space. What Happened: Mastercard plans to integrate CipherTrace as part of its crypto cybersecurity solutions, according to a Thursday announcement....

The U.S. Bank Voyager card program has been a resource for fleet operations since the 1980s, gaining acceptance at 97% of all U.S. gas stations and locations for maintenance, food, and hotels. "When you think about all the purchase decisions drivers need to make on the road, their financial...

U.S. credit card debt is once again on the rise, which means some spenders may unfortunately soon be faced with at least one maxed-out credit card. During the COVID-19 pandemic, U.S. credit card debt actually declined as Americans took advantage of reduced budgets, stimulus payments and...