Have you found yourself struggling to make the most of your credit card rewards? According to a Sunday (Aug. 17) report by The New York Times (NYT), you aren’t alone, as banks and airlines have grown more savvy about limiting perks and ending loopholes. That...
Watch more: Dignity Over Data Is Writing a New Playbook for Subprime Credit Underwriting innovations have credit down to a science. Artificial intelligence scoring models, complex eligibility criteria and risk-based segmentation have drilled into the minute aspects of the financial services-seeking consumer. But those strengths...
Watch more: Most Americans Don’t Know Their Credit Card Interest Rates, LendingClub CEO Says LendingClub CEO Scott Sanborn said more than half of consumers don’t know the interest rates on their credit cards. Among those who claim to know their rates, half underestimate what they’re...
Generation Z and millennial consumers are rewriting the rules of engagement when it comes to credit cards. Unlike previous generations who may have stuck with one or two financial institutions for decades, young consumers are more transactional in their loyalties. That’s not to say they’re...
A deal between Apple and JPMorgan could reportedly leave a lesser-known company in the cold. As the Wall Street Journal (WSJ) reported Sunday (Aug. 3), CoreCard has helped provide Apple’s credit card with distinctive features, including bills on the first of the month and a...
Citigroup has entered the luxury card market with its new premium credit card. As Bloomberg News noted in a report on the launch Sunday (July 27), Citi’s Strata Elite places it in competition with the likes of American Express (Amex) and JPMorgan Chase in targeting...
U.S. credit card delinquencies and charge-offs are now higher than they were before COVID. That’s according to findings published Saturday (July 26) by Seeking Alpha, which noted that this resurgence for both metrics in June follows a decline in May. According to the report, the...
Banks are reportedly increasing their efforts to promote credit cards to higher-income consumers while raising the qualification requirements for lower-income ones. Overall, the number of new credit card openings dropped for the first time in more than a year in the second quarter, The Wall...
Mastercard has introduced a platform to help issuers create and deploy card designs. The company’s AI Card Design Studio, announced Thursday (July 24), aims to offer Mastercard’s design capabilities directly to its partners. According to a company news release, this lets users upload logos and product details, use...