Corporate credit card fintech Brex is helping their clients to apply for PPP capital through partner bank Radius Bank; the...
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
In China only prime consumers have credit cards with just 21% of the population carrying one; the delinquency rate on...
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The Bank of Missouri has partnered with Corserv to enable the issuing of Visa credit cards for their customers.
Curve is most well known for allowing users to consolidate all of their credit cards into a single cards; users...
Credit card fintech Brex has made three acquisitions as the company looks to grow through a number of different ways;...
Leading digital bank Chime has launched an innovative new credit card called Credit Builder; surveys have shown that most millennials...
The Wall Street Journal is reporting on an interesting new trend with credit card holders; rather than racking up more...
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
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