The Trump Administration’s proposed 10% cap on credit card interest rates would harm access to credit as well as consumer spending in several sectors of the economy, Citi’s head of U.S. personal banking and incoming chief financial officer said Wednesday (Feb. 11). Get the Full Story...
Consumers who pay the most for their credit cards turn out to be the ones least likely to ignore them. Just 3.9% of premium cardholders report rarely or never using their high-fee plastic, making them the most loyal segment in the entire credit card market,...
After almost four years, Wells Fargo’s relationship with Bilt is winding down. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
American Express (AmEx) has debuted its Flexible Payment Option (FPO) for small businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
Nearly three-quarters of credit cardholders who requested a limit increase and were denied turned to installment plans as an alternative source of credit, revealing how rejection decisions push consumers toward competing financial products. Get the Full Story Complete the form to unlock this article and...
For decades, interchange rates have resembled a laminated chart: fixed categories, annual updates. That model is shifting. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
A growing share of Americans are making credit decisions before they ever fill out an application, and many of those decisions are based on assumptions rather than experience. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
President Donald Trump has been lobbying for a 10% cap on credit card interest rates. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Capital One’s acquisition of Brex, announced Thursday (Jan. 22), signals that the economics and mechanics of commercial card issuance are changing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
