Credit cards – Welcome Echizenshi http://welcome-echizenshi.com/ Fri, 17 Sep 2021 19:16:53 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://welcome-echizenshi.com/wp-content/uploads/2021/06/cropped-icon-32x32.png Credit cards – Welcome Echizenshi http://welcome-echizenshi.com/ 32 32 Huge increase in fraudulent mobile applications; Pink sales prospects for the holidays https://welcome-echizenshi.com/huge-increase-in-fraudulent-mobile-applications-pink-sales-prospects-for-the-holidays/ https://welcome-echizenshi.com/huge-increase-in-fraudulent-mobile-applications-pink-sales-prospects-for-the-holidays/#respond Fri, 17 Sep 2021 18:15:00 +0000 https://welcome-echizenshi.com/huge-increase-in-fraudulent-mobile-applications-pink-sales-prospects-for-the-holidays/ Fraudulent mobile applications are on the rise Fraudulent mobile apps, the sole purpose of which is to steal valuable personal and payment information from unsuspecting victims, are seeing a significant increase in numbers. A new report from Outseer claims that of the 49,000+ fraudulent attacks that occurred in Q2 2021, malicious mobile apps accounted for […]]]>

Fraudulent mobile applications are on the rise

Fraudulent mobile apps, the sole purpose of which is to steal valuable personal and payment information from unsuspecting victims, are seeing a significant increase in numbers. A new report from Outseer claims that of the 49,000+ fraudulent attacks that occurred in Q2 2021, malicious mobile apps accounted for almost a third (30%). This represents a peak of 66% in just 90 days and a 140% increase from the same period last year. The growth can be attributed to the fact that due to the pandemic, consumers have started to use mobile banking apps a little more. [Tech Radar]

Holiday sales in the United States will increase by 7.4% this year

All signs point to a bullish holiday season for retailers, online and offline. Retail sales in the United States are expected to increase 7.4% this holiday season, according to Mastercard SpendingPulse. In-store sales are expected to rebound, increasing 6.6% from 2020. Even as consumers return to browsing and shopping in stores, they are expected to spend online at even higher rates (up 7.6 %) than last year. [Chain Store Age]

Amazon does. Walmart too. Why Retail Likes To Buy Now, Pay Later

Installment plans are back in fashion. PayPal announced last week that it was buying Japanese installment payment startup Paidy, following Square’s $ 29 billion deal for Afterpay. Macy’s and Bed Bath & Beyond added the option at checkout over the past year. Even Amazon.com does. [The Wall Street Journal]

As immediate purchases and subsequent payments increase, a third of US users are behind on payments

One-third of U.S. consumers who used “buy now, pay later” services fell behind on one or more payments, and 72 percent of them said their credit scores had gone down, new research from Credit Karma. The survey found that younger consumers were more likely to miss payments. More than half of Gen Z or Millennial respondents (those born between the early 1980s and mid to late 1990s) reported missing at least one payment. This compares to 22% of Gen Xers and 10% of Baby Boomers. [Reuters]

AmEx customers still flock to the $ 695 Platinum card

American Express customers stick to the Platinum card even after the company decided to drop the annual fee from $ 550 to $ 695. Earlier this year, AmEx revamped many awards on its Platinum product – from adding $ 200 in annual hotel credits to offering private jet charter offers – as part of a massive overhaul. from the menu. With more and more consumers returning to traveling and dining out, banks have launched new cards and are offering special perks to try to attract some of that spending towards their products. [Bloomberg]

Capital One to Test Product Buy Now, Pay Later This Year

Capital One will test a “buy now, pay later” product this year as competition for consumer loans grows from financial technology companies providing merchants with easy ways to offer cheap financing for them. purchases. Capital One CEO Richard Fairbank said the offers suddenly became popular due to support from venture capitalists and traders’ willingness to subsidize interest charges. “The elephant in the coin is the sustainability of the grant to traders,” Fairbank said. “This is fueled by the belief of traders that they are getting additional volume.” [Reuters]

Elizabeth Warren calls on Fed to dismantle Wells Fargo

Senator Elizabeth Warren said Wells Fargo ran out of time to address the many internal issues that have plagued its customers. In a letter to Federal Reserve Chairman Jerome Powell, Ms Warren called on the Fed to force the financial giant to cut off core banking activities, such as offering checking accounts, savings and loans, of its other financial services. Mr Powell is unlikely to follow the suggestion, as Wells Fargo would somehow have to get rid of dozens of non-bank subsidiaries quickly, which would certainly hurt the bank’s financial health. But Ms Warren’s demand for such aggressive action hinted at the desire among progressives for a stronger regulatory hand from the Fed. [The New York Times]

Citigroup Credit Card Default Rate Improves; AmEx is holding on

Citigroup and American Express released statistics on August defaults in credit card payments, Citi defaults improving and American Express remaining stable. Citi’s delinquency rate of 0.8% in August was an improvement from 0.87% in July and below the three-month average of 0.86%. American Express had a 0.6% delinquency rate in August, unchanged from June and July, according to a separate Seeking Alpha report. It was also well below the August 2020 delinquency rate of 1.2%. [PYMNTS]

Capital One Announces New Travel Website With Airline Price Predictions, Coverage, and More

Capital One has announced plans to relaunch its travel website to include new features that can save customers money when they book flights, as well as offer other protections that are not available elsewhere. . The beta will begin rolling out in the coming weeks for customer groups with Capital One credit cards that earn miles. Capital One leverages the price prediction technology of the Hopper travel booking site to let cardholders know the cheapest time to book a flight. [CNN]

Notre Dame debit card shows banks are still paying to push paid products

The University of Notre Dame has announced a new official banking partner for the school’s sports department, Credit Union 1. The deal provides access to school and mascot debit cards, as well as other banking services. A similar deal with Bank of America

BAC
for banking services that lasted until 2019, shows Notre Dame raised $ 100 for each new credit card or rewards account signup (which were fee-generating checking accounts). On top of that, the school collected a portion of all the money Irish account holders generated: half a percent of the charge on the credit card, 0.05% to 0.2% on the debit expenses, depending on the specifics of the account. Over the past 10 years, according to CFPB data, Notre Dame has raised $ 4.7 million through the deal, while Bank of America has gained 5,552 active accounts. [Sportico]

Get $ 10 Off Amazon When You Use Your Qualifying Chase Credit Card

Amazon currently has an offer that is a great way to not only redeem your Chase Points, but also save on your next Amazon purchase. Chase credit card holders targeted for this promotion can save $ 10 off a purchase of $ 30 or more when using Chase Ultimate Rewards points on Amazon by October 19, 2021. Not all Chase cards are targeted for that offer, then here’s a breakdown to see if you’re eligible for the discount and, if you are, show you how to apply it to your Amazon order. [CNN]


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The financial burden can go away with the help of GreenPath https://welcome-echizenshi.com/the-financial-burden-can-go-away-with-the-help-of-greenpath/ https://welcome-echizenshi.com/the-financial-burden-can-go-away-with-the-help-of-greenpath/#respond Thu, 16 Sep 2021 23:29:00 +0000 https://welcome-echizenshi.com/the-financial-burden-can-go-away-with-the-help-of-greenpath/ SOUTHFIELD, Mich. (WXYZ) – “It was scary, it was really scary,” Lavell Neal said. A credit card mailed to then-teenager Lavell Neal put him in a mountain of debt that wiped him out. “They sent it to me three weeks before Christmas. I was Santa Claus that year. I walked away. Everyone had a knack, […]]]>

SOUTHFIELD, Mich. (WXYZ) – “It was scary, it was really scary,” Lavell Neal said.

A credit card mailed to then-teenager Lavell Neal put him in a mountain of debt that wiped him out.

“They sent it to me three weeks before Christmas. I was Santa Claus that year. I walked away. Everyone had a knack, so I kept raising the limit, increasing the limit and it got really, really, really high, ”said Neal.

To ease the burden, Lavell would eventually acquire four more credit cards, pushing them to the limit as well.

“I wasn’t going to say that because it’s a little embarrassing, but one of my credit cards was $ 30,000,” Neal said.

Now the grass is definitely greener on its side, thanks to a long-standing and little-known program called Green Way.

“Our customers are truly our heroes. We’re here to support them and help them through the process, but they’re the ones who are doing the hardest part to get out of debt, ”said Kristen Holt, CEO of GreenPath.

A colleague led Lavell to GreenPath, the national nonprofit association. GreenPath started 60 years ago in Michigan. They helped him get on the path to financial freedom.

“When GreenPath first gave me the plan, they told me it would take about five years. So in my mind it was a red flag that went up, ”Neal said.

“The gentleman I spoke to, he took his time. I was on the phone with him for about an hour and a half. He took his time, he got it all organized and I said you know what, ‘let’s do this’, ”Neal explained.

“Where are you now and how has it helped you,” asked Glenda Lewis of WXYZ.

“I have no more credit card debt,” Neal said.

“We’re just able to renegotiate those interest rates to get them to a point where they can actually see progress and make progress and get out of that debt,” Holt said.

“We really work with them to understand the money that goes into the household. Where is it going and how do we fit this payment into the budget, align it with when they are paid so that it can become really manageable and we can support them every step of the way ”, a added Holt.

“Having that financial power and being able to take control of your destiny really helps a family grow,” Lewis said.

“It really is and it reduces stress. Debt can cause so much stress and it impacts every aspect of your life, your family, your children, ”said Holt.

“One thing I learned was that God always has a ram in the bush and when I found out about GreenPath they negotiated with the credit card company on my behalf and they got that rate of 24 % to 2%, ”Neal said. .

“So what would you say to a struggling person who needs help finding out how this service came to be and just helped you organize your life,” Lewis asked.

“Always accept help. I didn’t want to do this when I first heard about it. I felt like I could do it on my own, but if there is an opportunity for someone to help you, accept that help, ”said Neal.

Many families have struggled with financial burdens, especially during the pandemic, feel free to contact GreenPath. There is no charge for their services.


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Delta AmEx cards now offer welcome bonuses of up to 90,000 SkyMiles https://welcome-echizenshi.com/delta-amex-cards-now-offer-welcome-bonuses-of-up-to-90000-skymiles/ https://welcome-echizenshi.com/delta-amex-cards-now-offer-welcome-bonuses-of-up-to-90000-skymiles/#respond Thu, 16 Sep 2021 16:44:34 +0000 https://welcome-echizenshi.com/delta-amex-cards-now-offer-welcome-bonuses-of-up-to-90000-skymiles/ Condé Nast Traveler has partnered with CardRatings for our coverage of credit card products. Condé Nast Traveler and CardRatings may charge a fee from card issuers. We do not review or include all companies or products available. In addition, the editorial content on this page has not been provided by any of the companies mentioned […]]]>

Condé Nast Traveler has partnered with CardRatings for our coverage of credit card products. Condé Nast Traveler and CardRatings may charge a fee from card issuers. We do not review or include all companies or products available. In addition, the editorial content on this page has not been provided by any of the companies mentioned and has not been reviewed, approved or otherwise approved by any of these entities. The opinions expressed here are entirely those of the editorial staff of Condé Nast Traveler.

True to Delta, this news is for you: the welcome offers on the Delta Air Lines co-branded credit card line from American Express are taking off. AmEx has just considerably increased the offers on its entire Delta range, some up to 40,000 SkyMiles. But the new offers won’t last long: only those who apply and are approved before November 10 will be eligible.

Let’s take a look at the increased offers on the six Delta AmEx cards and where they can take you.

Delta SkyMiles Gold American Express Card

AmEx is offering new applicants to the Delta SkyMiles Gold card 70,000 SkyMiles after making $ 2,000 in purchases with the card in the first three months. The card awards two miles per dollar at restaurants, U.S. supermarkets, and on Delta purchases, as well as one mile per dollar on everything else. It comes with an annual fee of $ 99, waived in the first year (see prices and fees) – but comes with additional benefits including free checked baggage on Delta flights and a $ 100 flight credit (registration required, conditions apply).

Learn more about the Delta SkyMiles Gold American Express Card here.

Delta SkyMiles Platinum American Express Card

The new offer on the Delta SkyMiles Platinum American Express card, for its part, goes even higher. Cardholders can earn 90,000 SkyMiles as well as 10,000 Medallion Qualifying Miles (MQMs) after making $ 3,000 in card purchases in the first three months. The Platinum earns three miles per dollar on Delta purchases and direct-booked hotel purchases, as well as two miles per dollar in US restaurants and supermarkets and one mile per dollar on all other purchases. Although its annual fee is higher than that of $ 250 gold (see prices and fees), it comes with additional benefits: In addition to free checked baggage, cardholders also receive an annual Master Cabin Mate certificate and expense credit for Global Entry or TSA PreCheck (registration required, conditions s ‘apply).

Learn more about the Delta SkyMiles Platinum American Express Card here.

Delta SkyMiles Reserve American Express Card

Delta super-fans may be especially interested in the Delta SkyMiles Reserve American Express Card, which offers 80,000 SkyMiles and 20,000 MQMs to those who spend $ 5,000 on the card in the first three months. The reserve is one of the most expensive in the AmEx / Delta portfolio, with an annual fee of $ 550 (see prices and fees). But it does come with perks, including the ability to earn additional MQMs as you spend, free access to the Delta Sky Club and Centurion Lounge (registration required, conditions apply), and a companion certificate valid in premium cabins. . He earns two miles per dollar in American restaurants and supermarkets and one mile per dollar in other categories.

Learn more about the Delta SkyMiles Reserve American Express Card here.

Delta SkyMiles Gold Business American Express Card

Those looking for business credit cards are also in luck. Travelers who purchase the Delta SkyMiles Gold Business American Express card have the opportunity to score 70,000 SkyMiles and a $ 50 credit after making $ 2,000 in purchases with the card in the first three months. The mileage earning structure on this card is, as you might expect, more business-oriented than its mainstream counterpart; cardholders earn two miles per dollar on Delta purchases, purchases in the United States for certain media advertising, shipping purchases in the United States, and dining in restaurants, as well as one mile per dollar on other purchases. But like the mainstream Gold card, its $ 99 fee is waived in the first year (see prices and fees).


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Look at the back of your credit cards, are they signed? https://welcome-echizenshi.com/look-at-the-back-of-your-credit-cards-are-they-signed/ https://welcome-echizenshi.com/look-at-the-back-of-your-credit-cards-are-they-signed/#respond Fri, 10 Sep 2021 21:00:00 +0000 https://welcome-echizenshi.com/look-at-the-back-of-your-credit-cards-are-they-signed/ Are people still signing them? If you take your wallet and open it, chances are you have at least one credit card, some of us have one, some of us have way too many … LOL! By the way, that’s the question, if you have at least one credit card and you use it often, […]]]>

Are people still signing them?

If you take your wallet and open it, chances are you have at least one credit card, some of us have one, some of us have way too many … LOL! By the way, that’s the question, if you have at least one credit card and you use it often, look at the back of it, is there your signature on the back?

Most credit card companies tell us that one of the first things we have to do when we get a card is after it is activated, users have to sign the back of it to prevent unauthorized use. The reason we’re supposed to sign is so that any cashier can look at the back of the card and compare the signature on it to the signature on the receipt. The signatures need to match and if they do, you should be on your way.

Hope by now you’ve looked at at least one card, be honest, is it signed? I’ll start, none of my credit cards are signed on the back. NOT ONE! I don’t think a lot of people do it anymore and I think so because NOBODY CHECKS THE BACK!

When was the last time a cashier looked at the back of your card? Better yet, when was the last time a cashier asked to see your state-issued ID to confirm you’re okay, when using the credit card? This has only happened to me ONCE … NEVER! Lorin texted us: “I don’t sign my cc and I’ve never been asked for an ID, I personally think it’s a joke they never ask or verify.”

I think most of us won’t be kidding if we ever get a credit card stolen and someone gets away with billing in person with it … definitely NOT funny. I think in today’s world most of us don’t even give our cards to anyone anymore. We do the swipe and fill it ourselves, but if you do a credit card transaction in the future, notice if the cashier even looks at the back of the card.

To be safe and protect your card, Jen texted us and gave us some great advice, she said, “I’m writing” Please see ID. “Good advice, write either” SEE IT PHOTO ID “or” Please see ID “on the back of If you do this, make sure you have your driver’s license with you at all times because if you don’t, you won’t be able to charge anything.

Hudson Valley restaurants share great tributes to our fallen soldiers

Several restaurants in the Hudson Valley paid tribute to the 13 soldiers who lost their lives in the terrorist attack of August 26, 2021 in Kabul, Afghanistan.

Peek Inside has banned NFL owner’s $ 60 million yacht docked in Hudson Valley

Take a look at an incredible $ 60 million yacht owned by an NFL owner that’s been docked for weeks in the Hudson Valley.

Stay in a Hudson Valley home where rock and roll history was made

The group’s Big Pink is now a vacation rental. Check it out


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Barclays AAdvantage Aviator business card: 80,000 American Airlines miles https://welcome-echizenshi.com/barclays-aadvantage-aviator-business-card-80000-american-airlines-miles/ https://welcome-echizenshi.com/barclays-aadvantage-aviator-business-card-80000-american-airlines-miles/#respond Fri, 03 Sep 2021 21:34:25 +0000 https://welcome-echizenshi.com/barclays-aadvantage-aviator-business-card-80000-american-airlines-miles/ This article contains links to products from our advertisers, and we may be compensated when you click on those links. Our recommendations and advice are binding on us and have not been reviewed by any of the listed issuers. The conditions apply to the offers listed on this page. It’s been a while since we’ve […]]]>

This article contains links to products from our advertisers, and we may be compensated when you click on those links. Our recommendations and advice are binding on us and have not been reviewed by any of the listed issuers. The conditions apply to the offers listed on this page.

It’s been a while since we’ve seen an increased welcome bonus on an American Airlines co-branded credit card, but now there’s an unprecedented offer to consider.

The AAdvantage® Aviator® World Elite Business Mastercard® offers a limited time bonus of 50,000 miles after spending $ 1,000 on purchases in the first 90 days. Plus, earn 30,000 miles after spending a total of $ 6,000 on purchases in the first 12 months.

Even if you don’t travel often with American Airlines, the AAdvantage® Aviator® World Elite Business Mastercard® might still be worth considering. Here’s how the offer accumulates.

Barclays AAdvantage Aviator Business Card: Earn up to 80,000 miles

Regular APR

15.99% or 24.99%

Featured Reward

50,000 miles after spending $ 1,000 on purchases in the first 90 days. Plus, earn 30,000 miles after spending a total of $ 6,000 on purchases in the first 12 months

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Advantages and disadvantages

  • Details


  • Advantages
    • American Airlines benefits, including free first checked baggage and preferential boarding
    • 5% annual mileage bonus
    • You can earn $ 3,000 of Elite Dollars qualifying toward American Airlines Elite Status by spending $ 25,000 on the card during a calendar year.
    The inconvenients
    • Journeyman Certificate benefit requires spending $ 30,000 or more on the card in a fiscal year
    • Earn up to 80,000 bonus miles: 50,000 after spending $ 1,000 on purchases in the first 90 days and additional 30,000 miles after spending $ 6,000 in total on purchases in the first 12 months
    • Earn 2X AAdvantage® miles for every dollar spent on qualifying American Airlines purchases
    • Earn 2X AAdvantage® miles for every dollar spent at qualifying office supplies, telecommunications and rental car merchants
    • Earn 1x AAdvantage® miles for every dollar spent on all other purchases
    • After each account anniversary, earn 5% bonus AAdvantage® miles based on the total number of miles earned with your card
    • First checked baggage free for you and up to 4 accompanying persons when traveling on domestic routes operated by American Airlines

    The new welcome offer on the AAdvantage® Aviator® World Elite Business Mastercard® is tiered, and to unlock the full bonus of 80,000 miles you will need to spend a total of $ 6,000 on purchases over 12 months (an average of $ 500 per month).

    The card also reports:

    • 2 miles per dollar on qualifying American Airlines purchases
    • 2 miles per dollar at qualifying office supplies, telecommunications and car rental merchants
    • 1 mile per dollar on all other qualifying purchases

    There’s an annual fee of $ 95, but you can offset the cost (and more) if you take advantage of the card’s benefits.

    Cardholders get free first checked baggage (worth $ 30 each way) for themselves and up to four companions on the same reservation on American Airlines domestic routes, so you can compensate the annual fee after only a few trips. The card also offers preferential boarding on American Airlines flights (for the cardholder and up to four companions) and 25% off American Airlines inflight purchases.

    Read more: How to earn, redeem and maximize American Airlines miles

    Big spenders can unlock a potentially lucrative perk: If you spend $ 30,000 or more in an account anniversary year, you’ll receive a Companion Certificate that lets you add another person to your in-class round-trip itinerary. American Airlines economy for only $ 99 (plus taxes and fees). Travel must be within the United States and there are other restrictions, but if you can use the certificate it could save you a lot of money.

    The card offers another benefit that can add additional miles to your account. Each year, on your account anniversary date, you will receive a 5% AAdvantage miles bonus, based on the total number of miles accumulated with your card. If you’re looking for Elite status, you can also get a boost – when you spend $ 25,000 on purchases in a calendar year, you’ll receive $ 3,000 Elite Qualifying Dollars (EQD).

    There is another 80,000 mile bonus to consider

    Regular APR

    15.99% – 23.99% Variable

    Credit score

    Good to Excellent

    Featured Reward

    80,000 ThankYou® bonus points after spending $ 4,000 on purchases in the first 3 months after opening the account

    Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Advantages and disadvantages

  • Details


  • Advantages
    • Sign up bonus
    • Generous bonus categories
    The inconvenients
    • Doesn’t offer a lot of statement credits or other benefits
    • Citi ThankYou Rewards may not be as convenient as other points for US-based travelers
    • Earn 80,000 ThankYou® bonus points after spending $ 4,000 on purchases in the first 3 months after opening the account
    • Earn 3 points for every $ 1 spent in restaurants and supermarkets
    • Earn 3 points per dollar spent at gas stations, air travel and hotels
    • Earn 1 point per dollar spent on all other purchases
    • Annual savings on hotels
    • 80,000 points are redeemable for $ 800 in gift cards when redeemed on merci.com
    • No expiration and no limit to the number of points you can earn with this card
    • No foreign transaction fees on purchases

    If you don’t have a small business – or if you don’t want to be locked into just one frequent flyer program – there is another high credit card welcome offer that could equal 80,000 American Airlines miles.

    The Citi Premier® card also offers a record bonus of 80,000 ThankYou® bonus points after spending $ 4,000 on purchases in the first 3 months after opening the account. Citi ThankYou Points are extremely valuable as you can transfer them to over a dozen partner airlines, including JetBlue, Air France-KLM, Singapore Airlines, and Cathay Pacific. American Airlines is not normally on this list, but for a limited time, Citi has added American Airlines as a transfer partner.

    Read more: How to Earn, Redeem & Maximize Citi ThankYou Points

    When you have the Citi Premier® card, you can transfer points to American Airlines at a 1: 1 ratio, which means you can convert the 80,000 point bonus into 80,000 American Airlines miles. Just be aware that transfers to American Airlines end on November 13, 2021, so you will need to apply for the card and earn the bonus before that date to take advantage of this option.

    The Citi Premier® card is also more convenient for daily spending as it earns 3 times the points in popular categories – air travel, gas stations, restaurants, supermarkets and hotels – and 1 point per dollar on all other purchases. . It doesn’t come with airline perks, but if you’re not a frequent American Airlines flyer, this might not be a factor for you.

    Featured credit cards from our partners

    Featured Reward

    100,000 points

    Credit needed

    Good to Excellent

    Featured Reward

    3 free nights (worth up to 50,000 points each) after spending $ 3,000 in the first 3 months, plus 10x the total points per $ 1 spent for a maximum of $ 2,500 of combined purchases in certain categories in your first 6 months

    Credit needed

    Good to Excellent

    Featured Reward

    $ 200 after spending $ 500 on purchases in the first three months after opening the account

    Credit needed

    Good to Excellent


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    Why you should use points and miles instead of saving them https://welcome-echizenshi.com/why-you-should-use-points-and-miles-instead-of-saving-them/ https://welcome-echizenshi.com/why-you-should-use-points-and-miles-instead-of-saving-them/#respond Tue, 31 Aug 2021 22:01:12 +0000 https://welcome-echizenshi.com/why-you-should-use-points-and-miles-instead-of-saving-them/ Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners. Credit card rewards, especially travel rewards, are an extremely useful resource to help you save money on your travel expenses. They can […]]]>

    Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.

    Credit card rewards, especially travel rewards, are an extremely useful resource to help you save money on your travel expenses. They can lead to almost free flights and hotel stays or allow you to take a luxury vacation that you wouldn’t be willing to spend the money on.

    Throughout the Covid-19 pandemic, consumers have largely accumulated reward points in the hope that they can be used more easily and safely. Some consumers start using their rewards, while others wait for a completely safe world to start traveling again. Whichever option you choose, it’s important to be aware of the downsides of keeping your travel rewards.

    Here’s what you need to know about why you should use your points and miles as early as possible.

    Inflation also applies to travel premiums

    While inflation mainly applies to money in pocket, inflation can also impact the value of your travel rewards.

    A recent study by Citi and The Harris Poll indicated that 28% of travelers will use credit card points or airline miles to book their next adventure. The same poll indicated that 74% have paid or will pay with a credit card, suggesting that some consumers decide to earn more travel rewards rather than spending what they have. And as airlines and hotels continue to recover from travel virtually halted during the pandemic’s initial shutdowns, they are looking for ways to remove that risk from their balance sheets.

    The easiest way to do this is to charge more points and / or miles to book a flight or hotel room. Southwest Airlines increased their reward prices by approximately 6% in April 2021, and Delta Air Lines increased premium prices for flights on partner airlines in October 2020.

    These are just a few examples, but every year at least a few major loyalty programs announce devaluations of their rewards grids, or eliminate them altogether. It is almost inevitable that you will have to pay more for an award ticket or a hotel room in the loyalty program of your choice in a few years.

    A tip to avoid the increase in the cost of award travel is to focus your efforts on earning transferable rewards such as Chase Ultimate Rewards or American Express Membership Rewards. By earning rewards specifically related to an airline or a hotel, you are vulnerable to changes made by travel brands to their loyalty programs. Transferable bank points allow you to take advantage of the strengths of different programs, ensuring you spend as few points as possible.

    More devaluations are on the horizon

    Throughout 2020, credit card issuers ran a lot of promotions to keep customers coming back, offering bonus points for normal spending on their cards. But 2021 has really been a year of resurgence for issuers to win new customers. Banks have relaunched cards with new features, introduced entirely new products, and added massive welcome bonuses to many of their most popular cards.

    For example, Chase recently launched 100,000 point bonuses on his Chase Sapphire Preferred® Card and the British Airways Visa Signature® card, Iberia Visa Signature® card and Aer Lingus Visa Signature® card.

    However, this presents issues for travel providers, as there are now a large number of rewards that have been earned but not yet redeemed.

    And with more points and miles on their track record, airline and hotel loyalty programs have an incentive to reduce the risk of great rewards by devaluing them. For a year and a half, Delta SkyMiles and United Airlines both devalued their points by eliminating the ways in which consumers can use each program’s rewards.

    Devaluation is a pervasive risk of earning travel rewards, and there isn’t a great way to avoid it. However, to minimize the damage of devaluation, keep your account balances low by spending your rewards quickly and strategically.

    You might be missing the point

    Having a glut of travel rewards on your loyalty accounts can be a great sense of possibility, and maybe a little bragging about your friends and family. However, consider that you are not using the rewards to their true potential – creating travel memories and reducing the cost of the trip.

    If you decide to earn travel rewards by credit card, it is essential to remember the purpose of travel rewards: to travel for free. Additionally, it’s important to maintain a “win and burn” mentality, which means you aim to use up points almost as quickly as you earn them. This will eliminate the risk of your points devaluing and keep more money in your pocket.

    As the pandemic hits its 18th month, it’s no secret that travel has been limited or impossible for many, especially internationally. Of course, it is recommended that you get the vaccine and consult your doctor to decide if the trip is right for you.

    The best travel rewards credit cards

    Choosing a travel credit card can sometimes be a confusing decision. There are plenty of great options out there with some tempting welcome offers. But before jumping to any of them, there are a few important questions to ask:

    • What kind of rewards would benefit me the most? Airline miles, hotel points or transferable points like Chase Ultimate Rewards?
    • In which categories do I spend regularly? It could be restaurants, gasoline, groceries or travel. Based on your spending, select a card that will reward you the most.
    • In what advantages can I find value? Credit cards offer many different benefits. For example, if you are an avid traveler, travel insurance can be extremely useful in the event of your flight being canceled or delayed.
    • Am I open to paying an annual membership fee? Annual fees can range from a reasonable amount of $ 95 per year to over $ 700 per year. However, annual fee cards usually have some advantages that can justify the cost (if you actually use them, of course).

    Here are some of the best travel rewards credit cards available today, along with their welcome offers.

    Chase Sapphire Preferred® Card: Chase Sapphire Preferred is offering a record 100,000 Chase Ultimate Rewards points after new cardholders spend $ 4,000 in the first three months of account opening. Ultimate Rewards points are transferable to 14 airlines and three hotel loyalty programs.

    Read the full Chase Sapphire Preferred Card review.

    Chase Sapphire Reserve®: The Chase Sapphire Reserve is offering new cardholders 60,000 Ultimate Rewards points after spending $ 4,000 in the first three months of opening the account. The Sapphire Reserve has the same travel partners as the Sapphire Preferred, but offers more travel perks like access to the airport lounge, although you will have to pay a higher annual fee.

    Read the full Chase Sapphire Reserve card review.

    Citi Premier® Card: The Citi Premier card offers a welcome offer of 80,000 Citi ThankYou® points after spending $ 4,000 on purchases in the first 3 months after opening the account. These rewards can be transferred to 16 different airline loyalty programs.

    Read the full review of the Citi Premier card.

    American Express® Gold Card: The American Express Gold Card offers a welcome offer of 60,000 Membership Rewards® points after spending $ 4,000 within the first six months of opening the account. Membership Rewards are transferable to 18 airlines and three hotel loyalty programs.

    Read the full American Express Gold card review.

    Capital One Venture Rewards Credit Card: The Capital One Venture Rewards card offers 60,000 bonus miles after spending $ 3,000 on purchases within the first 3 months of opening the account. You can transfer Capital One miles to 16 different airlines and three hotel loyalty programs.

    Read the full Capital One Venture Rewards credit card review.

    At the end of the line

    Accumulating your points is not beneficial as it leaves you vulnerable to external factors that are beyond your control. Most importantly, it doesn’t reward you with priceless travel experiences.

    This is why earning points and miles is only half the journey of travel rewards, and it is just as important to have a plan for using the rewards you earn. It might be a good idea to save points for a specific trip, but be sure to cash in your rewards as soon as possible. Without a plan, you could find your trip costing more than you originally planned.

    Capital One Venture Rewards credit card information was independently collected by Select and was not reviewed or provided by the card issuer prior to posting.

    Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.


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    Mustang Advisors Debt Consolidation Launches Credit Card Piggyback Review https://welcome-echizenshi.com/mustang-advisors-debt-consolidation-launches-credit-card-piggyback-review/ https://welcome-echizenshi.com/mustang-advisors-debt-consolidation-launches-credit-card-piggyback-review/#respond Tue, 24 Aug 2021 22:24:00 +0000 https://welcome-echizenshi.com/mustang-advisors-debt-consolidation-launches-credit-card-piggyback-review/ Mustang Advisors Mustang Advisors debt consolidation Mustang advisers’ opinions With this simple arrangement, one party tries to take advantage of someone else’s good credit rating by adding it to their account. – Ari Mustang Advisors VIRGINIA BEACH, VA, USA, August 24, 2021 /EINPresswire.com/ – Do you know why they are called Mustang Advisors? In 1971, […]]]>

    Mustang Advisors

    Cuintegrator Mustang Advisors

    Mustang Advisors debt consolidation

    Fox Chronicle Mustang Advisors

    Mustang advisers’ opinions

    With this simple arrangement, one party tries to take advantage of someone else’s good credit rating by adding it to their account.

    – Ari Mustang Advisors

    VIRGINIA BEACH, VA, USA, August 24, 2021 /EINPresswire.com/ – Do you know why they are called Mustang Advisors? In 1971, the United States Congress recognized that mustangs are living symbols of America’s historic and pioneering spirit, which continue to contribute to diversity within the nation and enrich the lives of the people. American. The same can be said of Mustang advisers’ opinions of Credit Card Piggybacking.

    Mustang Advisors debt consolidation The team researches debt consolidation scams, but while credit card piggybacking may seem illegal, it isn’t. With this simple arrangement, one party tries to take advantage of someone else’s good credit rating by adding it to their account. It can happen with multiple accounts, and it’s a surprisingly common arrangement. What is Credit Card Piggyback? Piggybacking credit cards is when someone allows you to become an authorized user of their credit card. You can use a credit card to make purchases, but you will not be responsible for the monthly payments. In this sense, piggyback will not measure your own payment history, but instead will focus on the primary cardholder. Nonetheless, your authorized user status is still taken into account by the credit bureaus, providing reports from the credit card issuer to the agencies. While you may not get the same benefits as owning credit cards in your name, you will notice some results.

    Person-to-person piggyback transport is the standard form of piggyback transport. You become an authorized user on credit cards held by a family member or relative. One of the biggest initial hurdles when building a credit score for the first time is a poor credit history. By becoming an authorized user, you will benefit from the duration of the card opening. You should know that unless the primary cardholder has good or excellent credit, it will impact your credit report, especially if the default is on the credit card you are using.

    Does piggyback work?
    Piggybacking can be effective, but only if the credit card issuer reports authorized user status to Experian, Equifax, and TransUnion.

    Even though the card issuer reports this status, the credit bureaus don’t see it the same way as if you were the primary cardholder. Expect a small bump in your credit score, but nothing dramatic.

    There is no shortcut to building credit on your behalf by making payments on time and managing your financial accounts satisfactorily. It will also teach you about credit management in a way that an authorized user cannot.

    Risks
    If the primary cardholder engages in shady practices with their credit card, it will impact your credit score. Late payments will affect your score as well as theirs. A series of late payments or a default would also impact your credit score.

    Even if you think the person has a lot of credit when you think about getting it, an unexpected job loss or emergencies can lead to unexpected financial hardship.

    Beyond the risk of bad credit, we must also think about the rate of use of credit on the card. If it increases too much, it will have an impact on your credit score and theirs. A ratio of more than 80% is generally predictive of a default.

    Conclusion
    If you have a bad credit history or no credit history, piggybacking might be a strategy to consider, certainly on a person-to-person basis.

    If, however, you are tempted by the for-profit version, you will likely only get a temporary respite, and that will be expensive to achieve.

    For someone who primarily uses piggyback to improve credit, establishing that the card issuer in question is reporting that you are authorizing user status at the bureaus. If not, you will not get any benefit beyond being able to use the card for your expenses.

    Even if you go ahead with this arrangement, you should view it as nothing more than a fundamental strategy. Authorized user status will help build credit, but a longer term solution is to get credit under your own name and start building it slowly but steadily over time.

    Secured credit cards or credit loans allow you to do this with ease.

    Whichever route you take, you will build your own funds as collateral for the loan or line of credit. It can range from $ 200 to $ 1,000. As you make monthly payments and they are reported to the credit bureaus, your credit score will start to improve. Ultimately, the lender will release your security deposit and you can apply for credit from other sources.

    Ari
    Mustang Advisors
    write us here


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    Credit card issuers struggle to meet changing customer expectations https://welcome-echizenshi.com/credit-card-issuers-struggle-to-meet-changing-customer-expectations/ https://welcome-echizenshi.com/credit-card-issuers-struggle-to-meet-changing-customer-expectations/#respond Tue, 24 Aug 2021 02:09:52 +0000 https://welcome-echizenshi.com/credit-card-issuers-struggle-to-meet-changing-customer-expectations/ Credit card providers are failing to meet the needs of many of their customers in the wake of the Covid-19 pandemic, new research finds. The 2021 U.S. Credit Card Satisfaction Study from consumer research firm JD Power found that midsize credit card issuers reported a larger drop in customer satisfaction compared to their counterparts. larger […]]]>

    Credit card providers are failing to meet the needs of many of their customers in the wake of the Covid-19 pandemic, new research finds.

    The 2021 U.S. Credit Card Satisfaction Study from consumer research firm JD Power found that midsize credit card issuers reported a larger drop in customer satisfaction compared to their counterparts. larger nationals.

    The report says the drop in satisfaction is due to increased financial stress, unresponsive providers, and misaligned terms and rewards. This combination created a “Recipe” for declining customer satisfaction with credit card issuers, said JD Power.

    Average customer satisfaction with domestic credit card issuers has increased from 811 on a scale of 1,000 in 2020 to 805 this year. Customer satisfaction for mid-sized issuers fell 17 points to 796.

    American Express was the highest rated issuer with a score of 838, followed by Discover with a score of 837. Goldman Sachs, the Apple card issuer was the highest rated average size with a score of 864, followed by PNC , BB&T (now Truist Bank) and Huntington, each with a score of 817.

    The reduction in credit card limits has also affected customer satisfaction, with 2% of U.S. customers with a credit card reporting that their credit limits have been reduced. Among medium-sized customers, this number rose to 3%.

    On average, satisfaction scores were 141 points lower among customers who said they had a problem with their credit limits, compared to those who said they didn’t.

    “While there are some bright spots this year among individual issuers, the pandemic has really shattered a multi-year trend of improved satisfaction,” said John Cabell of JD Power.

    Whether it was through brutal actions, such as tightening credit limits at a time when customers were most relying on their cards as a source of short-term funding, or through the lack of accessibility of customer service, issuers of credit cards have seen a decline in overall satisfaction. “

    Fintech companies are setting higher standards across the industry, the JD Power survey showed. A third (33%) of cardholders in 2021 used mobile payment services with their card. The level of satisfaction of these carriers is 39 points higher than the national average.

    A separate research study from JD Power recently found that retail buyers tended to opt for “buy now, pay later” offers over credit cards to avoid high interest rates and revolving debt. Kaleido research predicts that this form of credit will reach over 12% of total global e-commerce spending on physical goods by 2025.



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    HDFC Bank Note – Buy: End of the embargo on positive credit cards for businesses https://welcome-echizenshi.com/hdfc-bank-note-buy-end-of-the-embargo-on-positive-credit-cards-for-businesses/ https://welcome-echizenshi.com/hdfc-bank-note-buy-end-of-the-embargo-on-positive-credit-cards-for-businesses/#respond Sun, 22 Aug 2021 21:30:00 +0000 https://welcome-echizenshi.com/hdfc-bank-note-buy-end-of-the-embargo-on-positive-credit-cards-for-businesses/ Since November 20, HDFCB’s credit card customer base has fallen 4%, while others have increased from 6% to 14%. HDFCB’s share of the number of cards and transaction value decreased from 200 to 300 basis points. RBI has lifted one of two restrictions placed on HDFCB following computer system failures. It can issue new credit […]]]>
    Since November 20, HDFCB’s credit card customer base has fallen 4%, while others have increased from 6% to 14%. HDFCB’s share of the number of cards and transaction value decreased from 200 to 300 basis points.

    RBI has lifted one of two restrictions placed on HDFCB following computer system failures. It can issue new credit cards (restricted since December 20), which will be positive as it has lost shares of new customers. Limits on new digital platforms will remain, which could delay new launches of automatic lending / other digital 2.0 initiatives. Our channel checks with IT experts / managers indicate that HDFCB needs to strengthen backend oversight and recent capacity building is the right decision. TO BUY.

    Releasing restrictions on new credit cards to help rebuild pipeline: HDFC Bank clarified that RBI allowed it to resume issuing new credit cards, lifting the restriction imposed on December 20, following the RBI review of the bank’s digital / computer systems for outages in recent years. This is positive for the bank as it has not been able to acquire new clients in the past 8 months, and although this has had a limited short term impact on profits, the lack of new clients from credit cards have a negative impact on earning potential. Since November 20, HDFCB’s credit card customer base has fallen 4%, while others have increased from 6% to 14%. HDFCB’s share of the number of cards and transaction value decreased from 200 to 300 basis points.

    Restrictions on digital launches to stay; delays launch in a few segments: While RBI has eased the embargo on credit cards, restrictions on new digital initiatives will remain until further consideration. We believe this could delay the launch of new API-based platforms and some self-funding and other digital 2.0 initiatives.

    Our channel checks indicate that the issues can be fixed: Our channel check with industry IT experts and leaders indicates that the key issue at HDFC Bank is with the back-end and data centers, partly in due to inadequate capacity and data choice. centers. HDFC Bank will need to increase investments in its IT capacity and recent plans to hire more than 4,000 people for IT platforms are a good move. In addition, the bank might need to improve the level of compartmentalization of IT systems, which can avoid capacity cross-blocking. We understand that these issues can be resolved and RBI may wish to obtain more comfort before lifting the current restrictions.

    Scope to correct recent underperformance; maintain BUY: IT issues have been a topical issue in our conversations with investors and have been the cause of the stock’s underperformance since the start of the year: HDFCB up 8 %, Nifty Banks up 15% and ICICI Bank up 33%. With valuations at 3.5x the adjusted PB for the 22nd year, we think this valuation is attractive and are keeping our call option with a price target of Rs 1,900 on the basis of an adjusted PB of 3, 6x through June 23 and a target price for ADR at $ 93.

    Get live stock quotes for BSE, NSE, US market and latest net asset value, mutual fund portfolio, see the latest IPO news, top IPOs, calculate your tax with the help of the income tax calculator, know the best winners, the best losers and the best equity funds in the market. Like us on Facebook and follow us on Twitter.

    Financial Express is now on Telegram. Click here to join our channel and stay up to date with the latest news and updates from Biz.



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    Not just phones, Xiaomi may soon offer gold loans and credit cards in India https://welcome-echizenshi.com/not-just-phones-xiaomi-may-soon-offer-gold-loans-and-credit-cards-in-india/ https://welcome-echizenshi.com/not-just-phones-xiaomi-may-soon-offer-gold-loans-and-credit-cards-in-india/#respond Sun, 22 Aug 2021 13:07:13 +0000 https://welcome-echizenshi.com/not-just-phones-xiaomi-may-soon-offer-gold-loans-and-credit-cards-in-india/ Xiaomi has offers such as gold loans, credit cards and insurance products as it seeks to provide the full range of payment, loan and insurance financial services in India, said its Indian director Manu Jain. Talk with PTI, Jain said these financial services will be offered in partnership with organizations like Axis Bank, IDFC Bank, […]]]>

    Xiaomi has offers such as gold loans, credit cards and insurance products as it seeks to provide the full range of payment, loan and insurance financial services in India, said its Indian director Manu Jain.

    Talk with PTI, Jain said these financial services will be offered in partnership with organizations like Axis Bank, IDFC Bank, Aditya Birla Finance Ltd, Stashfin, Money View, Early Salary and Credit Vidya.

    He said Mi Credit, an organized market for personal loans up to Rs 1 lakh, in 2019 has seen a lot of euphoria, and more than a lakh of loans have already been disbursed.

    However, when the pandemic struck, its lending partners took a step back.

    “Many quarters have been spent rethinking the future of Mi Credit or Mi Financial Services. We are now back to growing this particular platform. Q1 2021 compared to Q4 2020 we have grown by 95% and Q1 2021 compared to Q1 2020, we recorded a growth of 35% “, he added.

    Read | Xiaomi will launch a new line of IoT devices this month

    Jain pointed out that the company is working on building a full spectrum platform when it comes to overall financial services as well as the credit outlook.

    He said Xiaomi is adding vertical insurance to its platform and expanding the category of loans with the addition of offers such as gold loans and credit cards.

    The senior executive said Mi Credit will now offer a higher pre-approved loan of Rs 25 lakh (compared to Rs 1 lakh previously) and a maximum term of 60 months.

    In addition, the company has also started offering SME loans and credit cards.

    “Mi Credit, in partnership with Stashfin, launched the Credit Line cards.

    “This is a unique product that comes with an offer to buy it now and pay later combined with a personal loan to allow the customer to use the offer on all channels without any limitation. “said Ashish Khandelwal, Director of Financial Services, Xiaomi India.

    Another service that will be launched in the coming weeks is gold lending, he added.

    Jain said 40 percent of users of the company’s credit products are self-employed and the remaining 60 percent are employees.

    “In 2021, we plan to further diversify and provide 20% of loans to MSMEs (micro, small and medium enterprises). We have launched business loans to meet the emerging needs of entrepreneurs and MSMEs,” he said. -he adds.

    Xiaomi’s Mi Pay service, launched in 2018, had reached 20 million registered users in one year. This number has now exceeded 50 million users.

    Speaking of the insurance segment, Khandelwal said that Xiaomi has partnered with ICICI Lombard to organize a health insurance product.

    This was piloted in July and will continue to be offered.

    Xiaomi also has a cyber insurance offer and more than 25,000 customers have been covered so far.

    “In the future, insur-tech is another proposal on which we are working in an organized way within the framework of partnerships”, he added.


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