Banks Look to Cut Back on Credit Card Perks and Rewards

JPMorgan, Citigroup, American Express and other large banks are discussing how to cut back or rejigger some of their cards’ rewards. They want to encourage more card usage and scale back upfront bonuses.

Advertisements

Credit Cards Are Charging Less Fees

There’s a new trend in the credit cards world, less fees. While competing for customers, credit card issuers are now eliminating fees. In a 2016 Card Fee Survey conducted by CreditCards.com, a sample of 100 widely held general-purpose cards are charging 593 fees. That’s down from 613 in their 2015 fee survey. The biggest change is in foreign transaction fees. Only 61 cards out of…

2015 Rewards Report, Capital One Best Issuer, Arrival Plus Best Card

CardHub has published a list of the best credit cards that offer the most valuable rewards. The CardHub study looked a 10 big credit card issuers and their non-cobranded, consumer-rewards cards. Cards were scored on their inclusion and registration, earning capabilities, redemption capabilities and the overall perks offered and restrictions each card has. I’m sure there’s…

AMEX Business Platinum Offer, 100K MR Points

Some people have reported being targeted for a 100K AMEX Business Platinum signup bonus. I have this card already and I wasn’t targeted when I signed up in December 2014. It does have a high spend requirement of $10,000 and a $450 annual fee which can be offset almost entirely. The MR points are credited right after…