U.S. Bank has launched two new small business credit cards that are designed to deliver “straight-forward rewards” on everyday business purchases, the bank said in a Monday (Sept. 28) press release. The new U.S. Bank Business Essentials Visa Card has no annual fee, offers unlimited...
Citi launched a commerce media platform that connects brands with the bank’s U.S. credit card customers across Citi.com, the Citi Mobile App and paid media properties, Citi said in a Wednesday (Sept. 23) press release. The new Citi Commerce Media features consumer insights garnered from...
Credit card installment plans are turning the biggest promise of buy now, pay later (BNPL) into an advantage for the card industry. A PYMNTS Intelligence report, “The Pay Later Data Shift: Credit Card Installments Take the Lead,” finds consumers used card installment plans at more...
Chase has announced an investment-focused expansion of its Ultimate Rewards card program. “Invest Your Points,” announced Wednesday (Sept. 16), offers eligible cardmembers a new way to redeem points for cash to invest in an eligible J.P. Morgan Wealth Management account. According to a news release, customers can redeem their points...
For Generation Z, the search for a new credit card is extending beyond bank websites, comparison sites and direct mail into social feeds, where influencers are becoming another source of information about which cards are worth considering. Among Gen Z consumers who changed their primary...
A credit card can go from first choice to forgotten backup faster than an issuer can say “statement credit.” Once the wallet changes order, the next purchase often follows the new leader. “The Switching Trigger: How Issuers Can Stop Their Credit Cards From Losing Top-of-Wallet...
Households added more credit in July across cards and long-term loans, extending the financial obligations that will compete with other spending in the months ahead. Consumer credit grew at a seasonally adjusted annual rate of 4.2% in July, according to the Federal Reserve’s latest G.19...
Fifth Third has launched of a new credit aimed at consumers seeking to reduce interest costs and consolidate higher-rate debt. According to a Tuesday (Sept. 1) press release, the Truly Simple Credit Card offers an introductory 0% annual percentage rate on purchases and balance transfers...
Economic pressure is incentivizing consumers more reason to compare the cost of a purchase, the possibility of financing behind it and the alternatives before committing. Financial providers are embedding those choices into a new place: the artificial intelligence (AI) platforms consumers are using to research...