Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Although maintaining a lengthy credit history is a key component to a healthy credit score, credit cards are not a set-it-and-forget-it financial tool.
Still, many cardholders think of them that way. About 1 in 5, or 25 million, U.S. consumers haven't changed their primary credit card in at least 10 years, and 20 million have never changed it, according to a recent report by CreditCards.com.
"The truth is that loyalty doesn't pay when it comes to credit cards," said CreditCards.com senior analyst Matt Schulz.
Because the average credit-card balance has remained steady at slightly more than $5,000 over the past several years, "originations continue to be a key driver of growth for the credit card industry," said Ezra Becker, a vice president of research and consulting at the credit monitoring firm TransUnion.
That means competition for new cardholders is fierce, spurring many lenders to increase incentives and sign-up bonuses. "To get a consumer to switch to your card, you as a lender have to offer a rich incentive," Becker said.
"The quickest way to rack up rewards is to sign up for a new card with a big sign-up bonus," Schulz said. "That means that if you haven't gotten a new card in the last five years or more, you've missed out on a tremendous amount of possible rewards."
Some worthwhile contenders include the Citi Double Cash, which gives you cash back on everything with no annual fees, or the Chase Sapphire Preferred, which offers 50,000 bonus points if you spend $4,000 in the first three months, Schulz said.
Read More Beware of deferred interest credit cards
The main obstacle preventing cardholders from canceling old cards and trying out new ones is because they're afraid of damaging their credit score, followed by an inability to pay off the remaining balance, according to the CreditCards.com report.
Fear of lowering your score isn't misplaced. Credit cards are still considered one of the best ways to maintain a long credit history, which may pave the way to lower interest rates on mortgages and autos loans.
When consumers sign up for a new credit card, they should leave their old accounts open in order to help their scores, unless an old card has an annual fee, in which case it's better to cancel it, Schulz said.
"Do your homework and then pick the card that's best for you and apply for that one," Schulz said. "Don't apply for too many cards at a time because that can damage your credit and make you look a little desperate."