Tag: credit cards
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Capital One angles to push Discover upmarket
Capital One, one of the largest credit card issuers in the United States, is making a bold move to push its competitor Discover upmarket. Discover, known for its focus on cashback rewards and customer service, may soon find itself facing tougher competition in the premium credit card space. Capital One has been gradually building its…
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CFPB imposes $8 credit card late fee rate
CFPB Imposes $8 Credit Card Late Fee Rate The Consumer Financial Protection Bureau (CFPB) has announced a new rule that will limit the amount credit card companies can charge for late fees. Under the new regulation, credit card companies will not be allowed to charge more than $8 for a late fee. This move comes…
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Mastercard to be dinged by Discover deal
Mastercard, one of the largest payment processing companies in the world, is set to face some stiff competition as Discover announced a new partnership that could potentially impact their market share. The deal, which was finalized last week, will allow Discover cardholders to use their cards at a wider range of retailers and online platforms,…
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Amex gears up for bigger bank category
American Express (Amex), the renowned financial services corporation primarily recognized for its credit card products, is setting its sights on entering the bigger banking category. With its impressive reputation and extensive customer base, Amex intends to expand its footprint in the banking industry and offer a wider range of financial services to its loyal customers.…
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Credit card demand remains robust, rejections rise: New York Fed
Credit Card Demand Remains Robust, Rejections Rise: New York Fed By John Doe New York, USA – According to the latest report released by the New York Federal Reserve, credit card demand in the United States continues to be strong, although there has been a notable increase in application rejections over the past few months.…
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Frequent flyer programs drawn into credit card bill fray
Frequent Flyer Programs Drawn into Credit Card Bill Fray Recently, frequent flyer programs have become entangled in the heated discussions surrounding credit card bills. With more and more people using credit cards for various aspects of their lives, lawmakers are now examining whether these loyalty programs offered by airlines should be regulated more tightly. While…
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Visa works with BMO to provide cardholders access to Installments
Visa, the global payment technology company, has partnered with BMO (Bank of Montreal) to offer cardholders an enhanced experience with the introduction of Installments. This collaboration aims to provide greater flexibility when managing purchases, making it easier for customers to spread out payments for larger transactions. Installments help create a more convenient and affordable way…
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Apple Wallet shows balances and transactions for US Discover credit cards
Apple Wallet, the pre-installed digital wallet app on iPhones, now offers comprehensive and convenient features that allow US Discover credit cardholders to effortlessly monitor their card balances and transactions. Gone are the days of constantly checking multiple platforms or logging into numerous websites to view your financial information. With Apple Wallet, managing your Discover credit…
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Apple Wallet now supports PayPal and Venmo credit and debit cards
Exciting News: Apple Wallet Welcomes PayPal and Venmo cards! Apple Wallet has recently announced a groundbreaking update that brings greater convenience to its users. In a much-anticipated move, Apple has expanded its list of supported financial institutions to now include PayPal and Venmo credit and debit cards. This integration opens up a world of possibilities…