Credit Card Rewards news and trends

High-Income Shoppers Seek Store-Specific Card-Linked Rewards  

June 04, 2024
Citi Upgrades Premier Card As Travel Spending Takes Off
Travel Payments // May 13, 2024

Citi is enhancing its Premier credit card to offer new benefits and protections for travelers. The banking giant’s Strata Premier card, announced Monday (May 13), offers increased benefits and more opportunities to earn rewards, and comes amid a surge in spending on travel across age and income...

Co-Branded Credit Card Holders Seek Perks From Retailers
Credit Cards // May 10, 2024

Among consumers turning to co-branded credit cards to maximize their rewards, the lion’s share want these perks from their favorite retailers, PYMNTS Intelligence research shows. By the Numbers The recent report “The Role of Strategic Partnerships in Consumer Credit Cards,” a PYMNTS Intelligence and Elan...

CFPB Says It Is Monitoring Credit Card Rewards Programs
CFPB // May 09, 2024

The Consumer Financial Protection Bureau (CFPB) said Thursday (May 9) that it will be monitoring credit card rewards programs and taking action as appropriate. This statement came as the agency released a report detailing consumers’ complaints about these programs. “Credit card companies promise upfront benefits...

Simple Credit Rewards Work for Older Generations, but Not Gen Z
Loyalty & Rewards // May 02, 2024

More than 80% of credit card users now receive reward offers from their card issuers and, on average, 72% of those rewards get used within 90 days. Meanwhile, 71% of consumers tell PYMNTS Intelligence that they are highly satisfied with the rewards that their primary...

Interviews & Exclusives
Simple Credit Rewards Work for Older Generations, but Not Gen Z

May 02, 2024
More than 80% of credit card users now receive reward offers from their card issuers and, on average, 72% of those rewards get used within 90 days. Meanwhile, 71% of consumers tell PYMNTS Intelligence that they are highly satisfied with the rewards that their primary card issuers offer them.  These are just a few data […]

US Bank Says Credit Products Win by Rewarding Small Businesses for Their Spend

February 22, 2024
The right borrowing tools can have a big impact on small businesses’ future growth prospects. That’s because small and medium-sized businesses (SMBs) commonly face a number of challenges related to...

Welcome To The Decade Of Sustainability Rewards

October 21, 2020
The 1980s were known for consumers obsessing over airline miles, while the 2000s reflected shoppers’ love affair with getting cash back. But the 2020s could be the decade of sustainability...

Giving Customers Good Choices, Instead Of Merely More Options

March 15, 2018
If two years ago we had reported that Chase and PayPal had struck up a partnership in which Chase Freedom cardholders would get 5 percent cash back every time they...

Quick Reads
Citi Upgrades Premier Card As Travel Spending Takes Off

May 13, 2024
Citi is enhancing its Premier credit card to offer new benefits and protections for travelers. The banking giant’s Strata Premier card, announced Monday (May 13), offers increased benefits and more opportunities to earn rewards, and comes amid a surge in spending on travel across age and income brackets. “We heard from our cardmembers that they want to […]

CFPB Says It Is Monitoring Credit Card Rewards Programs

May 09, 2024
The Consumer Financial Protection Bureau (CFPB) said Thursday (May 9) that it will be monitoring credit card rewards programs and taking action as appropriate. This statement came as the agency...

CFPB to Investigate Credit Card Reward Programs Following Consumer Complaints

March 26, 2024
The Consumer Financial Protection Bureau (CFPB) will reportedly take a closer look at credit card reward programs. This move follows an increase in the number of complaints the agency has received from...

Wells Fargo Courts Frequent Travelers With New Autograph Card

March 06, 2024
Wells Fargo has added a card to its Autograph suite to woo frequent travelers.  The banking giant’s Autograph Journey card, announced Wednesday (March 6), offers accelerated earnings on travel categories like hotels,...