Jun 04, 9:44 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By IBTimes Staff Reporter 06/04/19 AT 9:37 AM If you are looking for an easy way to earn $100 in bonuses, reward credit cards might be a great idea. Earning a little money while doing your everyday spending sounds perfect, after all, everyone likes to get something for nothing. However, if you are not careful, your rewards credit card might, in fact, deliver absolutely nothing for something.Because there are many rewards credit cards available on the market, choosing the right one might be challenging, especially considering the fact that there are a few major holes in the system that might lead to the downfall of credit card rewards.There are three main types of credit card rewards: points, cash, or miles. The most popular and straightforward of the three types mentioned above is the cash reward. However, it is worth mentioning that cash rewards are not always … [Read more...] about Are Credit Card Issuers Cutting Back on Perks and Rewards?
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Cheryl Lock, provided by Published 1:12 pm CDT, Thursday, May 30, 2019 Hero Images / Getty Images Before you cancel a credit card, make sure you're clear on why you're doing it. Cancelling a credit card can impact your credit score, so in some cases it's better for your credit to leave a card open and inactive. Once you decide to cancel your credit card, you'll have to call your credit card company directly and request to cancel. Prepare yourself for a counteroffer, and make sure you're clear on the terms before giving them a green light. Be sure to follow up in writing, both by requesting a letter from the credit card company and by sending your own, confirming that you wanted this card to be closed. Visit Business Insider's homepage for more stories. Cancelling a credit card might seem like no big deal, but there are a few things you should consider before doing so. Here are some suggestions on how to make the right choice about your credit card, as well as how to … [Read more...] about How to cancel a credit card you no longer want
Just because summer's approaching doesn't mean your wallet gets a vacation. From graduation season and Father's Day to the Fourth of July and back-to-school spending, you'll likely drop some dollars. Rewards-earning credit cards can help you save on these expenses — but you can also combine those rewards with other money-saving strategies to help you hang on to even more of your cash. Here are five such "stacking" strategies for your credit card. 1. CHECK YOUR ACCOUNT FOR OFFERS Some card issuers have online bonus malls — accessible via account login — that offer discounts or higher rewards rates at hundreds of merchants, on top of what your card already earns. "I recently bought new outdoor furniture and a gas firepit, and I logged into Chase, clicked through the portal to Lowe's, and got an extra 3 points per dollar spent," says Holly Johnson, founder of Club Thrifty , a personal finance blog dedicated to saving money. You can also check for one-time or limited-time … [Read more...] about Watch your credit card rewards pile up with these 5 tips
By Peter Rudegeair WSJ AnnaMaria Andriotis WSJ Fri., April 19, 2019 Venmo’s latest gambit to profit off its massive but still-not-lucrative user base involves a decidedly old-school idea: credit cards. Executives at the digital payments company have been meeting with banks since late last year to discuss issuing a Venmo-branded credit card, people familiar with the matter said. The company, owned by PayPal Holdings Inc., is close to selecting Synchrony Financial as its credit-card issuer and is hoping to announce the card this year, one of the people said. Rewards and other potential features of the planned card are still being discussed, the people said. Venmo, which offers a mobile money-transfer app, is the latest technology company to explore entering the credit-card business as a way to boost revenue and consumer engagement. Companies such as PayPal, once considered a competitor to card networks and banks, are increasingly joining with them instead. … [Read more...] about Venmo’s Latest Effort to Turn a Profit: Credit Cards
Credit card scams aren't going to disappear anytime soon, but a keen eye and a bit of caution can work wonders in protecting yourself. Sean Messier Published 9:45 am CST, Thursday, March 7, 2019 Photo: Westend61 | Getty Images Photo: Westend61 | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Westend61 | Getty Images 5 Biggest Credit Card Scams and What You Can Do to Protect Yourself 1 / 1 Back to Gallery As times change, credit card technology follows suit. But while change brings benefits, it also means that fraudsters and identity thieves have more tools at their disposal than ever before and that these tools have evolved in order to combat the ever-changing … [Read more...] about 5 Biggest Credit Card Scams and What You Can Do to Protect Yourself