Today: September 12, 2024
Today: September 12, 2024

Credit Cards

Business

US Senator wants United, American CEOs to answer questions on fees, complaints

The Senate's No.

US Senator wants United, American CEOs to answer questions on fees, complaints
Business

AmEx's third-quarter profit beats estimates on buoyant spending

Credit card giant American Express on Friday reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy customers who shrugged off concerns about

AmEx's third-quarter profit beats estimates on buoyant spending
Economy

NY Fed: US Q3 credit card debt up on strong economy, as credit woes tick higher

By Michael S.

NY Fed: US Q3 credit card debt up on strong economy, as credit woes tick higher
Business

Goldman Sachs plans to offload GM credit card - source

Goldman Sachs plans to offload its General Motors credit cards, a person familiar with the matter told Reuters on Tuesday.

Goldman Sachs plans to offload GM credit card - source
Business

Citigroup to pay $25.9 million to settle U.S. discrimination claims

Citigroup Inc has agreed to pay $25.9 million to settle U.S.

Citigroup to pay $25.9 million to settle U.S. discrimination claims
Business

Goldman Sachs faces rocky exit from Apple credit card partnership

Four years after Goldman Sachs introduced a credit card with Apple, the Wall Street giant faces a costly exit from a partnership that is seen by

Goldman Sachs faces rocky exit from Apple credit card partnership
Business

Capital One's profit drops on higher credit loss provisions, FDIC charge

Capital One Financial posted a 43% drop in its fourth-quarter profit on Thursday, as the credit card lender set aside more funds to cover souring loans and recorded a charge related to

Capital One's profit drops on higher credit loss provisions, FDIC charge
Business

AmEx forecasts upbeat 2024 profit as credit card spending stays resilient

American Express forecast a better-than-expected profit for 2024 on hopes that its affluent customers will be resilient with their spending amid elevated

AmEx forecasts upbeat 2024 profit as credit card spending stays resilient
Business

AmEx tries to win over grumpy Delta customers with revamped SkyMiles credit cards

American Express is rolling out several updates to its Delta SkyMiles credit cards that will give additional benefits to users

AmEx tries to win over grumpy Delta customers with revamped SkyMiles credit cards
Business|News

Americans' reliance on credit cards is the key to Capital One's bid for Discover

Americans have become increasingly reliant on their credit cards since the pandemic

Americans' reliance on credit cards is the key to Capital One's bid for Discover
Business

Airline, credit card CEOs refuse to testify at US Senate hearing

The CEOs of American Airlines, United Airlines, Visa and Mastercard will not testify at an April 9 hearing on credit card competition, the chair of the

Airline, credit card CEOs refuse to testify at US Senate hearing
Business

Walmart can end Capital One credit card partnership early, US judge rules

A federal judge ruled on Tuesday that Walmart can end its credit card partnership with Capital One early because the bank failed to provide the required level

Walmart can end Capital One credit card partnership early, US judge rules
Business

US banks to see modest hit from deal to lower swipe fee by Visa, Mastercard

U.S. banks could see a modest hit to their earnings due to the $30 billion settlement to limit credit and debit card fees for merchants by payments networks Visa and

US banks to see modest hit from deal to lower swipe fee by Visa, Mastercard
Business|Economy|News

Capital One's first-quarter profit jumps on interest income boost

Capital One Financial's first-quarter profit rose 35% as customers paid more on the company's credit-card loans amid higher interest rates.

Capital One's first-quarter profit jumps on interest income boost
Business|News

GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source

General Motors is in talks with Barclays for a credit card partnership deal that will replace existing partner Goldman Sachs, a source familiar with the matter told Reuters.

GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source
Business|Technology

Using AI, Mastercard expects to find compromised cards quicker, before they get used by criminals

Mastercard says it expects to be able to discover that your credit or debit card number has been compromised well before it ends up in the hands of a cybercriminal

Using AI, Mastercard expects to find compromised cards quicker, before they get used by criminals
News|Political

US consumer watchdog will apply credit card rules to buy now, pay later companies

The U.S.

US consumer watchdog will apply credit card rules to buy now, pay later companies
Business|Economy

Borrowers, especially the young, struggle with credit card debt in potentially bad sign for economy

Consumers are increasingly struggling to pay their credit card bills, raising concerns about severe delinquencies spiraling and sapping consumer spending

Borrowers, especially the young, struggle with credit card debt in potentially bad sign for economy
Business|Economy

Walmart ends credit card partnership with Capital One, but shoppers can still use their cards

Walmart has ended a partnership with Capital One that made the banking company the exclusive issuer of Walmart’s consumer credit cards

Walmart ends credit card partnership with Capital One, but shoppers can still use their cards
Business|Economy|Technology

Online marketplace eBay to drop American Express, citing fees, and says customers have other options

Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees” and that customers have other payment options to shop online

Online marketplace eBay to drop American Express, citing fees, and says customers have other options
Business|Economy

Americans are getting pickier, but they are still spending on hot items

Investors are scouring U.S. credit card spending patterns to size up which, if any, trends could give specialty retailers a boost in the summer months.

Americans are getting pickier, but they are still spending on hot items
Business|Economy

Visa, Mastercard $30 billion fee settlement in peril

Visa's and Mastercard's proposed $30 billion antitrust settlement to limit credit and debit card fees for merchants is in peril, after a New York judge

Visa, Mastercard $30 billion fee settlement in peril
Business

Walmart, Capital One settle lawsuit over credit card partnership

Walmart settled its lawsuit against Capital One over their credit card partnership, which had made Capital One the exclusive issuer of Walmart-branded consumer

Walmart, Capital One settle lawsuit over credit card partnership
Business|Food|Technology

American Express is taking control of restaurant reservations

American Express is taking control of restaurant reservations

American Express is taking control of restaurant reservations
Business|Economy

Discover Financial quarterly profit jumps on higher interest income

Discover Financial Services on Wednesday reported a 70% rise in second-quarter profit, as a high-rate environment helped the U.S. credit issuer earn more in interest income.

Discover Financial quarterly profit jumps on higher interest income

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