Markets

JPMorgan credit-card customers are seething about company plans to revoke their ability to sue them — here’s how to protect yourself

JPMorgan Chase is planning to revoke its credit-card customers’ ability to sue them. The bank sent nearly all of its cardholders notifications alerting them that they were implementing binding arbitration that prevents customers from taking disputes to court or joining class-action lawsuits. The plan has been met with backlash from […]
JPMorgan credit-card customers are seething about company plans to revoke their ability to sue them — here’s how to protect yourself
News

The vast majority of Republicans support Alexandria Ocasio-Cortez and Bernie Sanders’ plan to cap credit-card interest rates at 15%

The vast majority of both Republican and Democratic primary voters support Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders’ plan to cap credit-card interest rates. Nearly 70% of Republican primary voters and 73% of Democratic primary voters said they either supported or strongly supported the proposal, according to a new INSIDER […]
The vast majority of Republicans support Alexandria Ocasio-Cortez and Bernie Sanders’ plan to cap credit-card interest rates at 15%
News

Watch Apple debut its own no-fee credit card

Apple debuted its own credit card at its March 2019 event. Available this summer, the card will not have any fees and was created in collaboration with Goldman Sachs and MasterCard. Watch the video above to see what the Apple Card offers.
Watch Apple debut its own no-fee credit card
Markets

Kogan.com is about to launch its own credit card

Kogan.com plans a Kogan Money Credit Card. It has closed a deal with Citi for infrastructure, servicing and back office processing. The card will launch early 2019. Pure-play portfolio retailer Kogan.com just closed a deal with Citi to create a Kogan Money Credit Card. Details about the card, including interest […]
Kogan.com is about to launch its own credit card
Markets

How Americans use their credit cards differently across the US

Credit-card debt is at an all-time high in the US, with differences in balances and credit scores across regions. Residents in the Northeast and Upper Midwest generally own more credit cards and have higher credit scores. Southerners, on the other hand, have lower scores and fewer cards. Here’s how people […]
How Americans use their credit cards differently across the US
Markets

4 things experts think credit cards will be used for in the future

Credit cards are quickly replacing cash, and credit card usage is at an all-time high. As payment technologies like mobile wallets, cash-sharing apps, and cryptocurrency continue to advance, credit cards are transforming to keep up. The ways we use credit cards today may look completely different in the future – […]
4 things experts think credit cards will be used for in the future
Markets

A financial planner shares an 8-step plan to paying off your credit-card debt

Credit-card debt can often become overwhelming. According to a new report by ValuePenguin, the average American household has $US5,700 in credit-card debt. Below, a certified financial planner (CFP) suggests an 8-step plan to paying off your credit card debt. When it comes tocredit card debt,it can get overwhelming – and […]
A financial planner shares an 8-step plan to paying off your credit-card debt
Markets

The riskiest places to swipe your debit card

Debit card fraud increased by 10% from 2016 to 2017, according to FICO. Since debit cards are linked to bank accounts, they don’t offer as much fraud protection as credit cards. Here’s when you shouldn’t use a debit card – and when you should use cash or a credit card […]
The riskiest places to swipe your debit card
Tech

FINNIES: How to find out what those strange charges are on your credit card

Credit card bills, with lists of charges from businesses you’ve sure you’ve never heard of, are sometimes harder to translate than an alien message left on a moon circling a distant sun. Stuart Grover founded a company, Look Who’s Charging, in 2016 after puzzling over expenses at his previous business, […]
FINNIES: How to find out what those strange charges are on your credit card
Markets

CBA sold credit card insurance to jobless people who couldn’t use it

The Commonwealth Bank sold insurance for credit cards to people who couldn’t claim benefits, a senior bank executive told the Royal Commission into Financial Services. Under questioning, Clive van Horen, the executive general manager of retail products, agreed that credit card insurance was sold to people who couldn’t claim because […]
CBA sold credit card insurance to jobless people who couldn’t use it
Markets

CBA is launching a new credit card with an interest rate under 10%

The Commonwealth Bank will introduce a new low interest credit card next year charging a 9.90% interest on purchases. The announcement comes as the major banks prepare to face parliament again, with Westpac and ANZ the first to face the House of Representatives economics committee today, with CBA boss Ian […]
CBA is launching a new credit card with an interest rate under 10%
Tech

Samsung Pay was just enabled for 1.7 million Australians

Samsung Pay has brought payment solutions outsourcer Cuscal onto its platform, meaning 38 Australian banks and credit unions have now enabled smartphone and watch payments for their customers. Cuscal’s horde of financial institutions join existing members Westpac, Citibank and American Express on the contactless digital wallet. Their customers can now […]
Samsung Pay was just enabled for 1.7 million Australians
News

Credit cards are going the way of fax machines

The modern smartphone is a remarkable device. A single device that fits in your pocket can do all the tasks that once required cameras, camcorders, GPS devices, watches, alarm clocks, calculators, and even TVs. But the next change might be the most radical of all—it could eliminate the need to […]
Credit cards are going the way of fax machines
News

Scott Morrison: Credit card surcharges will have to pass the ‘fair dinkum test’

The Australian government will stop merchants from imposing excessive credit card surcharges under legislation being introduced in response to a key recommendation from the Murray Financial System Inquiry. Prime minister Malcolm Turnbull and treasurer Scott Morrison announced today that the ACCC will be made responsible for enforcing the surcharge regulations, […]
Scott Morrison: Credit card surcharges will have to pass the ‘fair dinkum test’