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How to pick the best travel rewards credit card

How to pick the best travel rewards credit card

Finance
RgStudio | E+ | Getty ImagesYou can get 50,000 bonus miles or a $ 100 statement credit. How about free checked bags or rental insurance? Sound good?Well, have we got a card for you.So goes the irresistible sales pitch of sexy rewards and perks that many credit card issuers make to an American public enamored of both travel and what looks like a good deal. But is it?Millions seem to think so, and our credit card choices are affecting our lifestyles. One in 5 U.S. credit cardholders planned to use travel rewards points to pay for at least half their summer travel expenses this year, according to a recent CompareCards.com survey. And 75% of cardholders say available rewards impact where to travel and stay and how they get there.More from Personal Finance: The top 10 foreign trips Americans in...
Oil could rise $10 per barrel after drone attack forces Saudi to cut output in half

Oil could rise $10 per barrel after drone attack forces Saudi to cut output in half

Finance
A trader wipes his eyes as he watches stock prices at the New York Stock Exchange in New York.Don Emmert | AFP | Getty ImagesOil prices could jump as much as $ 10 per barrel after a number of drone strikes hit the center of Saudi Arabia's oil industry, forcing the kingdom to cut its oil output in half.Ten drones attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday, causing a loss of 5.7 million barrels of crude production a day or 50% of the kingdom's oil output. Although it's still too early to tell the extent of the damage and how long the facilities will be shut down, oil analysts and traders told CNBC the impact on the commodity's price could be in the double digits."This is a big deal," said Andrew Lipow, president of Lipow Oil Associates. "Fearin...
IT and HR synergy are key challenges for PNB-OBC-UBI merger

IT and HR synergy are key challenges for PNB-OBC-UBI merger

Finance
KOLKATA: Integration of technology platform will remain the key challenge for the merger of Punjab National Bank, Oriental Bank of Commerce and United Bank of India, senior executives of these banks said, even as the government has selected the merger partners on the basis of their IT compatibilities rather than geographical synergy. Harmonising human resource issues will be another key aspect of these mergers, as was seen in the past. "Asymmetrical entities are coming together, so there is bound to be some challenges" Ashok Kumar Pradhan, chief executive of UBI said Saturday, at an interactive meeting between the three banks and their customers held in Kolkata. PNB, OBC and UBI use Infosys' Financle software for their core banking solutions, while Allahabad Bank and Indian Bank are on TC...
How these financial advisors are using social media to grow their business

How these financial advisors are using social media to grow their business

Finance
Petri Oeschger | Moment | Getty ImagesOne of the best ways financial advisors can bolster their credibility and reach potential clients is available for free.It's called social media.However, merely joining Twitter and Facebook won't cut it, according to Dasarte Yarnway, founder of Berknell Financial Group in San Francisco.He shared his views about building a brand on social media at the Wealth/Stack conference in Scottsdale, Arizona. Yarnway also hosts "The Young Money Podcast.""Outside of opening the account, you need to join the conversation," he said. "Engagement is key; finding your voice is the second thing."Used correctly, social media can provide financial advisors with an outlet to showcase their expertise, network with their peers and meet potential clients."We really look at soc...