credit cards – The News Desk

Robinhood Introduces its First Credit Card | Credit Cards

16Apr

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Robinhood Introduces its First Credit Card | Credit Cards

Key Takeaways Robinhood Gold Card earns 3% cash back on every purchase, with no caps or bonus categories to remember. A Robinhood Gold subscription is required to be eligible for the card, which costs $5 per month (or $50 per year). The card features travel perks, purchase protections, virtual card numbers and more. With free accounts and trades starting at just $1, Robinhood has become a popular platform for beginning investors. Expanding on this popularity, the Robinhood Gold Card launched in March 2024. This credit card earns unlimited 3% cash back on every purchase, and includes complimentary perks like travel and purchase protections. However, you must hold a Robinhood Gold account in order to apply. Learn more about the Robinhood Gold Card, including how to earn and redeem rewar...

Why You Might Want to Get a Credit Card From a Small Bank or Credit Union | Credit Cards

16Apr

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Why You Might Want to Get a Credit Card From a Small Bank or Credit Union | Credit Cards

Key Takeaways Credit cards from small issuers may offer lower APRs and annual fees than products from large issuers. Offerings may be simpler with straightforward cash back and limited fees. Small issuers may lack expansive rewards and benefits but could help you limit credit card costs. If you're chasing maximum rewards and benefits, large credit card issuers, including American Express, Capital One, Discover and Chase, generally offer the best options. But if savings are a higher priority for you than earning, don't overlook small credit card issuers. A Consumer Financial Protection Bureau analysis finds that credit cards from small banks and credit unions may offer lower annual percentage rates and fees than cards from large issuers. These credit cards may fly under the radar but co...

Chase United MileagePlus Explorer Business Card Review

16Apr

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Chase United MileagePlus Explorer Business Card Review

United℠ Business Card SummaryThe United℠ Business Card is an airline co-branded business travel card designed for business owners who frequently fly with United Airlines. With this card, you will earn 2 miles per $1 spent on United® purchases, dining, at gas stations, office supply stores and on local transit and commuting. Earn 1 mile per $1 spent on all other purchases. Cardholders can also earn 75,000 bonus miles after you spend $5,000 on purchases in the first 3 months your account is open. Plus, $0 introductory annual fee for the first year, then $99.As a cardholder, you will get airline perks and savings, an auto rental collision damage waiver, baggage delay insurance, lost luggage reimbursement, trip cancellation and interruption insurance, trip delay reimbursement, purchase protec...

Alliant Cashback Visa® Signature Card Review

16Apr

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Alliant Cashback Visa® Signature Card Review

Alliant Cashback Visa® Signature Card SummaryAlliant Cashback Visa® Signature Card is one of the highest-earning flat-rate rewards cards on the market. Eligible cardholders earn 2.5% cash back on up to $10,000 in purchases each billing cycle each billing cycle. After that, you’ll earn 1.5% cash back. However, you must open an Alliant high-rate checking account to earn the 2.5% cash back on up to $10,000 in purchases each billing cycle – otherwise, you’ll earn 1.5% cash back on all purchases. There’s no annual fee or foreign transaction fee.The card also comes with Visa Signature benefits, including personal identity theft protection, purchase security, travel accident insurance, an auto rental collision damage waiver, roadside dispatch assistance and extended warranty protection.Rates and...

Navy Federal Credit Union nRewards Secured Credit Card Review

16Apr

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Navy Federal Credit Union nRewards Secured Credit Card Review

Navy Federal nRewards® Secured Credit Card SummaryThe Navy Federal nRewards® Secured Credit Card is designed to help cardholders establish or rebuild their credit. This secured card has no annual fee and requires a minimum security deposit of $200. With the Navy Federal nRewards® Secured Credit Card rewards program, you earn a flat one point per dollar in purchases. The Navy Federal nRewards® Secured Credit Card has a 18% variable.Rates and FeesIssuer NameNavy Federal Credit UnionCredit NeededPoor/Limited/No HistoryAnnual Fee$0Regular APR18% variablePenalty APR18%Cash Advance FeeNone if performed at a Navy Federal branch or ATM. Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction.Is the Navy Federal nRewards® Secured Credit Card Right for Me? Are or wish to become ...

Bank of America Business Advantage Travel Rewards World MasterCard

15Apr

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Bank of America Business Advantage Travel Rewards World MasterCard

Bank of America® Business Advantage Travel Rewards World Mastercard® SummaryThe Bank of America® Business Advantage Travel Rewards World Mastercard® credit card is a business travel rewards card. It earns unlimited 1.5 points per dollar spent on all purchases and points never expire. There is a 30,000-point sign-up bonus for spending $3,000 within 90 days of opening your account. The card has no annual fee and offers an introductory 0% APR on purchases for nine billing cycles. Cardholders get travel accident insurance, lost luggage reimbursement, trip cancellation coverage, trip delay reimbursement and other benefits.Rates and FeesIssuer NameBank of AmericaCredit NeededExcellent CreditAnnual Fee$0Purchases Intro APRintroductory 0% APR on purchases for nine billing cyclesBalance Transfer F...

Ink Business Unlimited Credit Card Review

15Apr

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Ink Business Unlimited Credit Card Review

Ink Business Unlimited® Credit Card SummaryThe Ink Business Unlimited® Credit Card from Chase is a business rewards credit card. With this card, businesses can earn unlimited 1.5% cash back with every purchase. New cardholders will earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. There is no annual fee and the card offers a 0% intro APR on purchases for 12 months. The Ink Business Unlimited® Credit Card comes with travel and purchase coverage benefits, including an auto rental collision damage waiver, purchase protection and extended warranty protection.Rates and FeesIssuer NameChaseCredit NeededExcellent, GoodAnnual Fee$0Regular APR18.49% - 24.49% VariablePenalty APRUp to 29.99%Purchases Intro APR0% Intro APR on Purchases for 12 mo...

Which Hotel Credit Cards Offer a Free Night? | Credit Cards

5Apr

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Which Hotel Credit Cards Offer a Free Night? | Credit Cards

Key Takeaways Some free nights can be used at any property, while others are capped at certain levels. Many credit cards include free nights automatically, but others have annual spending requirements to earn the benefit. Depending on your annual spending, you may be able to earn a second or third free night on. Travelers can benefit greatly when they hold a co-branded credit card for their favorite hotel brand. Most hotel credit cards offer higher rewards on paid stays, elite status benefits and other perks. One of the best is the annual free night many hotel credit cards offer when you renew the card or meet certain spending requirements. Learn about the hotel credit cards that include free night benefits and how to activate them.Which Hotel Credit Cards Include a Free Night?World of...

Personal Loan Statistics and Trends to Watch in 2024 | Personal Loans and Advice

29Dec

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Personal Loan Statistics and Trends to Watch in 2024 | Personal Loans and Advice

Consumers are increasingly turning to unsecured personal loans to achieve their financial goals, whether they want to knock out home improvement projects, consolidate high-interest credit card debt or simply pay for an unexpected car repair.Personal loan balances have ballooned – both at the individual borrower level as well as nationally – at a time when interest rates have also risen rapidly. Simply put, personal loans are getting larger and more expensive to repay. Meanwhile, more borrowers are becoming delinquent on their personal loan debt.Learn more about the personal loan trends from 2023 and how that will impact borrowers into 2024, according to a U.S. News analysis of industry data from TransUnion, Experian, the Federal Reserve and the National Credit Union Administration. Person...

Americans opened their wallets for holiday spending, defying fears of a pullback

26Dec

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Americans opened their wallets for holiday spending, defying fears of a pullback

Shoppers weren't entirely tight fisted during the holiday season, despite the ongoing pressure of inflation on household budgets.U.S. retail sales grew 3.1% this holiday season, according to a Mastercard poll that tracks in-store and online retail sales. Spending on restaurants increased 7.8% from last year, while apparel and grocery-related purchases were up 2.4% and 2.1%, respectively, according to Mastercard. Robust consumer spending bodes well for the economy's present and future, according to Goldman Sachs. "We continue to see consumer spending as a source of strength in the economy and forecast above-consensus real spending growth of 2.7% in 2023 and 2.0% in 2024 in Q4/Q4 terms," economists with the investment bank said in a mid-December report.C...