Secured credit cards have never had the glamour their more luxury and premium card cousins command. Traditionally, they haven’t had much glamour at all. Secured credit cards have long been tools of necessity, not lifestyle strategy, designed for borrowers with thin or damaged credit files,...
“Winning Top of Wallet: How Credit Card Apps Shape Choice,” a collaboration between PYMNTS Intelligence and Elan Credit Card, examines how the credit card mobile app is becoming a much bigger factor in card competition. For years, issuers treated the app as a servicing tool, a...
Synchrony’s CareCredit credit card can now be used to pay for select health and wellness products on Walmart.com. The credit card has long been accepted in Walmart stores and Sam’s Club locations nationwide, and now it can be used online with both home delivery and...
Australia’s central bank will prohibit surcharges on debit and credit cards starting in October. The Reserve Bank of Australia (RBA) announced its plans Tuesday (March 31), along with its intention to lower the cap on credit card interchange fees merchants pay to banks. “The surcharging...
American Express sees agentic commerce and commercial services as opportunities to continue the company’s growth, Chairman and CEO Stephen J. Squeri wrote in a letter to shareholders released Wednesday (March 25). The rise of agentic commerce represents one of the biggest changes in shopping since...
Watch more: Need to Know With American Express’ Raymond Joabar The corporate card has been a remarkably stable product for decades. It processes, tracks and reconciles. It earns points. It carries a limit. And for most of its history, that was enough. American Express helped...
A growing share of consumers in the United States are using credit not simply because they have to, but because they see it as a flexible financial tool that can serve different needs at different moments. That was one of the central findings in the...
Airlines are reportedly seeing a greater share of revenue from co-branded credit cards. That’s according to a report Friday (March 13) from Reuters, which says this trend is becoming apparent in the way loyalty programs reward travelers. The report cited examples of changing rewards policies...
An attempt to secure Senate passage for the Credit Card Competition Act (CCCA) by attaching it as an amendment to a bipartisan housing bill failed, the Electronic Transactions Association (ETA) said in a Friday (March 13) newsletter shared in a post on social platform X....