Unlike many people I pay off my credit card in full every month. Yesterday there was this interesting graphic on Credit...
There was good news last week for the nation’s credit card holders. The total revolving consumer credit card debt continues...
Curve lets customers consolidate their credit cards into one Curve card; Curve was previously in beta and available to business users only; the fintech company stated that they have 50,000 people on the waitlist and had 100,000 beta users; Curve offers a free version of the app and a premium version for £50. Source
Ainsley Harris reported in Fast Company today that Goldman Sachs is acquiring the employees who built Final, a credit card...
JPMorgan Chase ran a pilot last year which offered bonus rewards to customers of their Sapphire credit cards if they closed a mortgage; JPMorgan experienced significant demand from the pilot with homes purchased doubling for those who owned the Sapphire cards; the bank is now expanding the promotion to other credit cards they offer; Business Insider shares more on JPMorgan’s market opportunity and the millennial demographic. Source
Last month ReadyForZero, a free online financial tool, launched with little fanfare. But this brand new startup may well be...
Lending Club made news earlier this month when they announced they were increasing interest rates again. But what they also shared...
The big four US retail banks saw nearly a 20% jump in losses from credit cards in 2017; there are concerns of consumers being able to keep up with their debt; Citigroup, JPMorgan Chase, Bank of America and Wells Fargo saw a $12.5 billion hit from credit card loans last year, up around $2 billion from a year ago; delinquencies still remain less than half of what they were in the financial crisis; the FT shares other data on credit card issuance, repayments and the profitability of credit cards for banks. Source
The CEO and Founder of FS Card talks about the challenges of creating a new credit card company for the underserved. Source
While the personal loan has been around for centuries and the credit card has been around for decades they have...