According to USA Today, Steve Case, former chairman of AOL, is backing a new type of credit card called the RevolutionCard. Designed to compete against the entrenched companies in payment systems, its features include:
a line of credit
the ability to store up to $15,000 on the card (loaded electronically from the user’s bank account)
free […] (more…)
Perhaps there’s a good reason why introductory balance transfer offers are so prevalent–and it’s not because credit card issuers are being charitable. Not only are they an easy way to attract new customers, but they also seem to be quite profitable for the issuers.
In a working paper from the MIT Department of Economics called […] (more…)
Chase announced today changes to its Freedom card that should make it even more attractive to customers. Now, by default, the card comes enabled with the dynamic rewards program. Previously, Chase Freedom cardholders would get triple points only on gas, supermarket and fast food purchases. Now, cardholders will automatically receive triple points […] (more…)
American Express is launching a new, innovative credit card for small businesses. It is designed to allow cash flow management with maximum flexibility, featuring two unique options:
Pay Early Discount
Pay your balance in full within 10 days of your billing cycle date and get a 2% discount when your month’s total spending is above $5,000 […] (more…)