Banks have been fighting to entice big spenders to use their credit cards for years. Now, Citigroup is joining the fray with a card that more heavily incentivizes users to funnel all of their dining and air travel purchases through it.
Riskier borrowers could see their credit scores rise as a result of a new pilot program FICO says it will roll out in 2019. Yet credit card APRs are at record highs and new customers need to be careful of those high interest loans.
Oct 18- American Express Co topped Wall Street estimates for third-quarter profit on Thursday and lifted its yearly earnings forecast, as a strengthening U.S. economy powered higher credit card spending. The credit-card issuer said quarterly card customer spending rose 10.3 percent in the United States and 5 percent in overseas markets during the three...
The credit-card issuer said on Thursday net income climbed to $1.65 billion in the three months ended Sept. 30 from $1.36 billion a year earlier. On a per-share basis, AmEx earned $1.88, compared with $1.51 in the prior-year quarter. Revenue, net of interest expense, rose 9.2 percent to $10.14 billion.
American Express reports third quarter results that beat expectations as consumers and small businesses spend more.
A lot of little bad habits can add up to big financial losses.
The 35-and-under crowd is ramping up on personal loans, according to data from LendingPoint. Here's why they're borrowing.
Credit card interest rates are near an all-time high as fees decline, according to a new report by CreditCards.com.
Sun has some tips on how people can capitalize on their credit card perks.
Develop some thrifty habits to cut expenses and put your money to better use.
You can use them too.
SAO PAULO, Oct 1- Brazilian credit card processor StoneCo Ltd filed on Monday for an initial public offering on New York's Nasdaq, as competition speeds up among payment companies in Brazil and the economy recovers from a harsh recession. In January, Reuters reported that Stone was planning an IPO in the U.S. by the second half of the year, following its rival...
Credit card lending by the main high street banks rose by an annual 5.8 percent, the strongest growth rate since February, UK Finance, a group representing banks and lenders, said. "Growth in card spending remained fairly strong, reflecting the boost to retail sales from the warm weather as well as the growing use of credit cards as a preferred means of payment," Peter...
NEW YORK, Sept 24- Citigroup Inc will pay $5 million to address "robo-signed" proofs of claim filed in consumer bankruptcy cases involving 71,448 Macy's-branded credit card accounts, the U.S. Department of Justice announced on Monday. The proofs of claim were filed between 2012 and 2015 by employees of a third-party vendor who did not review their contents, and...
For the first time, the average national credit score has reached 704, according to FICO.
Poor credit is a serious problem for low-income Americans.
Visa's share of the additional settlement payment is $600 million, while Mastercard agreed to pay $108 million on a pretax basis, according to Securities and Exchange Commission filings.
Many Americans use cash for small purchases. Overlooking your credit card could cost you.
JP Morgan is upping the ante for fans of its popular rewards program.
From student debt to mistrust in financial institutions, millennials felt the crash as much as adults.