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Are your credit card perks shrinking?

Are your credit card perks shrinking?

Finance
Three simple ways to pay off credit card debt Your credit card perks are designed to feel like a gift that keeps on giving. But they are not guaranteed to last. Buried deep in any credit card agreement is something that reads like this: your card issuer has the right to change the benefits and features of these programs at any time with notice. And some banks have already rolled back popular perks, leaving cardholders wondering whether the benefits they signed up for will last. Last month, Chase Sapphire Reserve customers were notified of a series of changes including the discontinuing of price protection, a reduction in the way some points are earned, and a cap on the number of guests included with airport lounge memberships. Earlier this year, Discover eliminated p...
Amex launches new cash back card

Amex launches new cash back card

Finance
Three simple ways to pay off credit card debt Cash back is king. American Express is launching a new card, called Cash Magnet, to give users cash-back flexibility, as well as flexibility in how they choose to pay. Amex has long catered to the high-end customer with exclusive rewards, but cash back cards are some of its most popular offerings, according to the company. This card aims to attract customers not necessarily in the luxury rewards chase, but who are looking for reliable, flexible cash back on every day purchases. The card offers unlimited 1.5% back. There are no caps, no categories and no annual fee. With American Express card membership, users also get a ShopRunner membership and Amex Offers, which rewards members with discounts and deals at places they like...
Which credit card should I pay off first?

Which credit card should I pay off first?

Finance
How to save $ 1,000 this year I have $ 7,100 in credit card debt and almost all of my cards are maxed out. How do I decide which card to pay off first? — Anonymous There are a couple different ways to tackle credit card debt. While you'll want to keep paying at least the minimum required on all cards, you'll need to decide where extra money will go. Some people recommend focusing on the card with the highest interest rate first. Others suggest prioritizing the card with the smallest balance. But which approach is right for you? Related: Can I start investing with $ 500? Before you get started, take a look at some of the questions below. Then, you can plan out your repayment strategy — and hopefully avoid a similar situation in the future. Can y...
Ikea launches a new credit card

Ikea launches a new credit card

Finance
Watch this robot assemble an IKEA chair in minutes Sure, credit cards that reward dining and hotels are great — if you're a person who travels or eats out a lot. But for the many people who spend more time at home, Ikea is betting you want rewards, too. The furniture and housewares store is launching a new Ikea Visa card that offers store rewards and perks. Designed to help make Ikea shopping more affordable, cardholders earn rewards on their Ikea purchases and everyday spending such as utilities, gas and groceries, that they put toward purchasing Ikea products. The card has no fees or deferred interest. The card offers 5% back on every Ikea purchase, including its Task Rabbit construction and installation service; 3% back on all dining, grocery and utilities p...
Credit card signatures are almost a thing of the past

Credit card signatures are almost a thing of the past

Finance
5 stunning stats about credit cardsThe random scribble you hastily scrawl after swiping your credit card is no longer required. Major credit card companies are getting rid of the signature requirement for credit card transactions. American Express, Discover and Mastercard will no longer require merchants to collect a signature on April 13. Visa will do away with the signature requirement starting April 14. "Signatures are no longer considered to be any real deterrent to fraud," explained Matt Schulz, senior industry analyst at CreditCards.com. "Most people don't sign their name in full or take it all that seriously." The signature requirement had already been fading, especially for smaller purchases. For instance, American Express has not required a signature for transactions under $ 50...