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The role of credit bureaus in credit card applicationsCredit bureaus play a pivotal role in the credit card application process. How credit bureau information influences approval decisionsCredit bureau information plays a pivotal role when financial institutions make credit decisions. Credit bureau reporting frequently asked questionsDo all banks use the same credit bureau for credit card applications? Even though the three credit bureaus score credit slightly differently, improving your credit habits will typically raise your score across the board. Our guide to the best credit cards for pre-approval can help you identify which credit cards you're most likely to be approved for.

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☆ Here's why Capital One is buying Discover in the biggest proposed merger of 2024
▼ + stars: | 2024-02-21 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

It's a chess move by one of the savviest long-term thinkers in American finance, Capital One CEO Richard Fairbank. Fairbank, who became a billionaire by building Capital One into a credit card giant since its 1994 IPO, is betting that buying rival card company Discover will better position the company for global payments' murky future. The deal, if approved, enables Capital One to leapfrog JPMorgan as the biggest credit card company by loans, and solidifies its position as the third largest by purchase volume. By 2027, the bank expects to add at least $175 billion in payments and 25 million of its cardholders onto the Discover network. The Discover network alone would be worth up to $6 billion if sold to Alphabet, Apple or Fiserv , Sakhrani wrote Tuesday in a research note.

Persons: Richard Fairbank, Marvin Joseph, It's, Fairbank, Sanjay Sakhrani, Sakhrani Organizations: Washington Post, Getty, Capital, Discover Financial, U.S, JPMorgan Chase, Independence, Discover, JPMorgan, Visa, Mastercard, American Express, One's, PayPal Locations: Wall, U.S

Gould is more bullish than many on Wall Street, as the average price target of analysts polled by LSEG is $484.42. Analyst Harold Antor downgraded the stock to hold from buy and slashed his price target by $4 to $8. Analyst Jeffrey Stantial upgrade the sports betting stock to buy from hold and raised his price target by $5 to $45. Stantial's new price target implies shares can jump 19.9% over the next year from Thursday's close. UBS raised its rating on Texas Instruments to buy and increased its price target to $195 from $170.

Persons: Chipmakers, Wells, Bernstein, PDD, Robin Zhu, Zhu, Temu, there's, Shein, — Alex Harring, Alan Gould, Gould, Jefferies, Hertz, Harold Antor, Antor, There's, Saul Martinez, Martinez, Alex Harring, Stifel, Jeffrey Stantial, Stantial, Wells Fargo, Aaron Rakers, Mark Zuckerberg, Zuckerberg, TXN, Timothy Arcuri, FCF –, Fred Imbert Organizations: CNBC, UBS, Texas, Nvidia, Meta, PDD Holdings, Netflix, HBO, LSEG, Hertz, EV, Jefferies, HSBC, Discover, Facebook, Big Tech, Texas Instruments Locations: China, Thursday's

☆ The Bank of America Preferred Rewards program can get you bonus credit card rewards, waived fees, and more — here's how to qualify
▼ + stars: | 2023-11-30 | by ( Holly Johnson | Tessa Campbell | Freelance Writer | ) www.businessinsider.com time to read: +38 min

Bank of America® Unlimited Cash Rewards Credit Card Apply now lock icon An icon in the shape of lock. Bank of America® Customized Cash Rewards Credit Card Apply now lock icon An icon in the shape of lock. Insider’s Take The Bank of America® Customized Cash Rewards Credit Card is worth considering if you're looking for a no-annual-fee cash-back credit card that lets you choose your highest rewards category. Bank of America® Customized Cash Rewards Credit Card review External link Arrow An arrow icon, indicating this redirects the user." How to earn more credit card rewards by joining Bank of America Preferred RewardsAt this point, you're probably wondering how much more you'll earn in rewards by becoming a Bank of America Preferred Rewards member.

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When applying for a business credit card, issuers may consider your personal credit score if you don't have a business credit report yet. [ Jump to more details ]More on our picks for the easiest business credit cards to getCapital One Spark 1% ClassicThe Capital One Spark 1% Classic has lower credit score requirements than many cash-back business credit cards but still earns valuable rewards. [ Return to card summary ]Bank of America Business Advantage Unlimited Cash Rewards Secured credit cardThe Bank of America Business Advantage Unlimited Cash Rewards Secured credit card is a secured credit card, geared toward applicants with poor or no credit scores. Credit card issuers usually check your personal credit when you apply for a business credit card. Our methodologyTo determine which business credit cards are the easiest to get approved for, CNBC Select analyzed the most popular credit cards available to U.S. business owners with poor or average credit.

Persons: It's, cardholders, Bradstreet, Cardholders, Slack, you've, Cash, you'll, There's Organizations: CNBC, Capital, Bank of America Business, The, of America Business, Apple, Google, Mastercard, Card, Emigrant Bank, FDIC, Brex, SEC, Treasury, Cash, Gas, Bank of America, World, Microsoft, MasterRental, Savings, CNBC Select's, Facebook, Twitter Locations: U.S

☆ As the market enters correction territory, don't blame the American consumer
▼ + stars: | 2023-10-29 | by ( Tim Mullaney | ) www.cnbc.com time to read: +14 min

Amazon.com Inc | ReutersThe initial third-quarter report on gross domestic product showed consumer spending zooming higher by 4% percent a year, after inflation, the best in almost two years. How is this possible with interest rates on everything from credit cards to cars and homes soaring? But they were below expectations at electric-vehicle leader Tesla , which blamed high interest rates, and at Ford . "And as interest rates rise, the proportion of that monthly payment that is interest increases." At American Express , which saw U.S. consumer spending rise 9%, the mild surprise was the company's disclosure that young consumers are adding Amex cards faster than any other group.

Persons: Bill Ackman, CFRA, Sam Stovall, Ryan Marshall, Wells, Jackie Benson, Tesla, Elon Musk, GM, Mary Barra, Paul Jacobson, John Lawler, Musk, Brian Moynihan, Jeremy Barnum, Sachin Mehra, Zers, Guess they're, Stovall, chargeoffs, John Greene, Morgan Stanley, Ravi Shanker, Spirit, Sundaram, Ethan Allen, they've, Marc Bitzer, Arun Sundaram, Amanda Agati, there's Organizations: Amazon.com Inc, Delta Air Lines, United Airlines, Coldwell, Ford, General Motors, GM, United Auto Workers, UAW, Cox Automotive, Bank of America, JPMorgan Chase, MasterCard, American Express, Discover Financial Services, JetBlue, Whirlpool, Amazon, PNC, Federal, Asset Management Locations: Shakopee , Minnesota, U.S, Covid, PulteGroup, Vermont

Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). Customer service is also available 24/7 for Navy Federal student loans, a perk unmatched by many similar companies in the industry. How Navy Federal student loans workNavy Federal offers both fixed-rate and variable-rate undergraduate and graduate loans. Warning: Go after federal student loan options before looking at private student loans, including a Navy Federal loan, as you'll get better terms and protections through the government. What options do I have to repay my Navy Federal student loans?

Persons: Mae, Sallie Mae, Q, You'll, you'll Organizations: Federal, Navy Federal Credit Union, Navy Federal, Federal Credit Union Discover Bank, FDIC, Discover, cosigners, Better, Bureau, BBB

☆ Jim Cramer takes issue with Wolfe Research's 'very gutsy call' on this financial stock
▼ + stars: | 2023-08-24 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

Discover Financial Services (DFS) stock surged 1.82% Thursday morning following an upgrade from Wolfe Research, to trade around $90 apiece. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. CNBC's Jim Cramer took issue with Wolfe's "very gutsy call," citing reports of Discover overcharging merchants for more than a decade. In the meantime, if you want a bargain, take advantage of Nvidia (NVDA) if the stock is down." The artificial-intelligence chipmaker, an Investing Club stock, reported another blowout quarter on Wednesday.

Persons: Jim Cramer's, CNBC's Jim Cramer, there's Organizations: Discover Financial Services, Wolfe Research, Discover, Nvidia, Club Locations: Discover overcharging

☆ Bank stocks volatile on mixed results, Discover sinks amid regulatory review
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +3 min

July 20 (Reuters) - Bank stocks were volatile in premarket trading on Thursday as lenders reported mixed quarterly results, while shares of Discover Financial Services (DFS.N) tanked after it disclosed a regulatory review over some of its credit products. Meanwhile, two major mid-sized banks missed quarterly profit estimates, while one came ahead of Wall Street expectations on Thursday. KeyCorp (KEY.N) shares dropped 2.7% after the bank's profit plunged 50% and it forecast a decline in net interest income. They fell 5.7% in the second quarter compared with a year earlier. Outperforming peers, Fifth Third Bancorp's (FITB.O) shares rose 1.9% premarket as the bank's quarterly profit topped expectations, even as it trimmed its growth forecast for full-year NII.

Persons: Zions, Manya Saini, Jaiveer Shekhawat, Sri Hari, Shweta Agarwal, Krishna Chandra Organizations: Bank, Discover Financial Services, Discover, Federal Deposit Insurance Corporation, Truist, Major, Thomson Locations: Truist, Major U.S, Bengaluru

Rafael Henrique/SOPA Images/LightRocket via Getty ImagesSelect enrolled American Express cardholders can save up to 50% (maximum discount $80) on Amazon Prime Day purchases by using 1 Amex Membership Rewards point. You'll need a Membership Rewards points-earning card linked to your Amazon account to take advantage, and not everyone is eligible. $0 Rewards Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. $0 Rewards Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. This is a great opportunity to stack credit card rewards and deals with this promotion.

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You can enroll in an identity theft protection service so you don't fall victim to theft. There are many companies out there that solely focus on identity protection — you can read our guide to the best identity theft protection services — but you may be able to enroll in an identity theft protection service through your credit card provider. Pros Check mark icon A check mark. Covers up to 10 children under 18 at no extra cost Check mark icon A check mark. With services comparable to some of the best identity theft protection services at a competitive price, this is an appealing option to Discover cardholders.

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The Chase Freedom Rise℠ is a beginner credit card that earns 1.5% cash back on all purchases with no annual fee. How to Apply for the Chase Freedom RiseTo apply for the Chase Freedom Rise℠, you must fill out an application at a physical Chase bank branch. Chase Freedom Rise Benefits and RewardsThe Chase Freedom Rise℠ is similar to the Chase Freedom Flex℠ and Chase Freedom Unlimited® in that it earns rewards in the form of Chase Ultimate Rewards® points, which you can redeem at a rate of 1 cent each for cash back, gift cards, or travel through the Chase Ultimate Rewards Travel Portal. Unlike the other Freedom cards, the Chase Freedom Rise℠ doesn't offer a traditional welcome bonus tied to a spending requirement. That's not a bad deal considering many starter credit cards don't offer a bonus at all, but it's significantly less than what the best cash-back credit cards offer.

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Review: Is Discover it® Balance Transfer the Best Credit Card for You? Discover it Balance Transfer Card RewardsThe card offers a generous cash-back rewards structure. With the 0% intro APR on balance transfers, there's an intro balance transfer fee of 3% of the amount of each transfer that post to your account by September 10, 2023. Yes, the Discover It Balance Transfer Credit Card allows balance transfers. Yes, the Discover It Balance Transfer Credit Card has an an intro balance transfer fee of 3% of the amount of each transfer.

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The U.S. Bank Cash+® Visa® Secured Card is one of the best secured credit cards for earning cash back. US Bank Cash+ Visa Secured Card Review: Is It the Best Credit Card for You? Insider's Featured Secured Credit Cards Discover it® Secured Credit CardSelf Visa® Credit CardCapital One Quicksilver Secured Cash Rewards Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. US Bank Cash+ Visa Secured Card RewardsHow to earn rewardsThe U.S. Bank Cash+® Visa® Secured Card has a better cash back earning rate than you'll find on most credit cards — making it a screaming deal for a secured credit card. Read our review Read Our Review A looong arrow, pointing rightUS Bank Cash Plus Secured Card Annual Fee and Other CostsThe U.S. Bank Cash+® Visa® Secured Card is a $0-annual-fee card.

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Your credit score is only one of several factors that determine whether your credit card application will be approved. Credit Card for Excellent Credit Frequently Asked QuestionsWhat is the best credit card for excellent credit? Can I qualify for a credit card without excellent credit? You can absolutely qualify for a credit card without having excellent credit. Compare the Best Credit Cards for Excellent Credit Capital One Venture X Rewards Credit CardChase Sapphire Preferred® CardBank of America® Premium Rewards® credit cardDiscover it® Miles Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

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To improve your chances of getting approved for a new credit card, focus on building your credit score and tackling debt you already have. Monitor your credit score for freeBefore applying for a credit card, it's smart to check your credit score and monitor it for changes as you make moves to improve your credit score. Consider a secured credit cardIf you're worried about being approved for a credit card right now because your credit score isn't in the best shape, you can also consider one of the best secured credit cards. A secured credit card requires a cash deposit as collateral, and this type of card can help you build credit when you can't get approved otherwise. Once you use a secured credit card and make on-time monthly payments for a stretch of time, you may qualify for an upgrade to a regular credit card.

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How to Apply for a Credit CardYou can apply for your first credit card in person, by mail, on the phone, or online, and if your credit is good, you'll have your pick of various cards and credit card companies. Use your credit card responsiblyMoving from a debit card to a credit card is a crucial transition, as sudden access to all those borrowed funds can produce a temptation to overspend. How to Get a Credit Card Frequently Asked QuestionsWhat happens if my credit card application gets rejected? If your credit card application gets rejected, you'll receive an adverse action letter from the credit card company. And even those without extensive credit histories can apply for a starter credit card or a secured credit card to begin building up the necessary foundation.

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Our list of the best student credit cards features two Discover credit cards: the Discover it® Student Cash Back and the Discover it® Student chrome. Compare Discover it Student Cash Back and Student Chrome Discover it® Student Cash BackDiscover it® Student chrome Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Read our review Read Our Review A looong arrow, pointing rightNeither the Discover it® Student Cash Back nor Discover it® Student chrome offer a conventional welcome bonus. In case it's not clear at first glance, the rewards structure offered by the Discover it® Student Cash Back is almost universally preferable to that offered by Discover it® Student chrome. Given the similarities between the Discover it® Student chrome and Discover it® Student Cash Back, a comparison of the two boils down to their different rewards structures, and on that count, the Discover it® Student Cash Back is unequivocally superior.

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Plus, the existing TD Double Up℠ Visa Credit Card and TD Cash Credit Card each got a makeover, with customer-friendly updates that make it easier to earn maximum rewards. Here's a look at the new TD credit cards and existing card improvements to help you decide if they're worth it. TD credit card changesNew TD credit cardsThe new TD Clear and TD FlexPay Credit Card aren't for folks who love to earn and use credit card rewards for free travel or cash back. Enter the newly remodeled TD Cash Credit Card: While it's always offered strong bonus categories, they were previously fixed.

Students with a limited credit history are unlikely to be approved for the best credit cards, and even some student credit cards require good to excellent credit. Step is a secured credit card that has a dynamic credit limit that is attached to the bank account balance -- it operates like a debit card but it is a credit card, which is what enables the unique credit building feature. Best Credit Cards for Students With No Credit of 2023Methodology: How we chose the best credit cards for students with no creditInsider's credit cards team looked at dozens of student credit cards, secured credit cards, and starter credit cards and narrowed down the list by choosing only those that students with limited or no credit have a good chance of qualifying for. Credit Cards for Students With No Credit Frequently Asked Questions (FAQ)Which credit card is best for students with no credit? US Bank Altitude Go Secured Credit Card ReviewBest for Students Under 18Step Secured Visa CardWhile credit card accounts are only available to those aged 18 and over, the Step Secured Visa Card offers a solution for students looking to build credit who haven't yet reached legal adulthood.

Your credit score is only one of several factors that determine whether your credit card application will be approved. Note that credit card lenders may use many different variations of credit score models when considering your application. Credit Cards for Excellent Credit Frequently Asked QuestionsWhat is the best credit card for excellent credit? Can I qualify for a credit card without excellent credit? Compare the Best Credit Cards for Excellent Credit Capital One Venture X Rewards Credit CardChase Sapphire Preferred® CardBank of America® Premium Rewards® credit cardDiscover it® Miles Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Bank of America Unlimited Cash Rewards Secured RewardsBank of America Unlimited Cash Rewards Secured welcome bonusThe Bank of America® Unlimited Cash Rewards Secured Credit Card does not come with any sort of welcome bonus offer, which is typical of secured credit cards. How to earn rewards from the Bank of America Unlimited Cash RewardsThe Bank of America® Unlimited Cash Rewards Secured Credit Card earns a flat 1.5% cash back on all purchases. Bank of America Unlimited Cash Rewards Secured Annual Fee and Other CostsThe Bank of America® Unlimited Cash Rewards Secured Credit Card comes with a $0 annual fee. N/A Minimum security deposit $200 $200 $200 Review Bank of America Customized Cash Rewards Secured credit card reviewBank of America Unlimited Cash Rewards Secured vs other secured credit cardsBank of America® Unlimited Cash Rewards Secured Credit Card U.S. Bank Cash+® Visa® Secured Card U.S. Bank Altitude® Go Visa® Secured Card Annual fee $0 $0 $0 Rewards rate Earn unlimited 1.5% cash back on all purchases. Minimum security deposit $200 $300 $300 Review U.S. Bank Cash Plus Secured credit card review U.S. Bank Altitude Go Secured credit card reviewBank of America Unlimited Cash Rewards Secured Frequently Asked QuestionsIs the Bank of America Unlimited Cash Rewards Secured card worth it?

Rocket Mortgage customers can get a huge value from the new Rocket Visa Signature Card. David Sacks/Getty ImagesThe new Rocket Visa Signature® Card is hands-down the best credit card for those looking to close on a house. The new Rocket Visa Signature® Card is the closest we've ever seen to a "5% everywhere" credit card. As you may have guessed, the Rocket Visa Signature® Card was created to thrive within the Rocket Mortgage ecosystem. Rocket credit card rewardsThe card earns 5 Rocket points per dollar for all purchases.

The bottom line: The Ally High Yield Savings Account is a strong high-yield savings account with a competitive interest rate and solid savings tools. Ally High Yield Savings Account Learn more On Ally's site. Compare Today's Savings RatesHow Ally WorksAlly is an online bank with several strong accounts, including its high-yield savings account. We've compared the Ally High Yield Savings Account with savings accounts at two other online banks: Discover and Marcus by Goldman Sachs. See how Ally compares Ally High Yield Savings AccountDiscover Online Savings AccountMarcus by Goldman Sachs High Yield Online Savings Account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Best 5% Cash Back Credit Cards of April 2023Read on to see our picks for the best 5% credit cards and learn which ones best suit your needs. 5% Cash Back Credit Cards Frequently Asked Questions (FAQ)Is there a credit card that earns 5% cash back on everything? Compare the Best 5% Cash Back Credit Cards Chase Freedom Flex℠Discover it® Cash BackCiti Custom Cash℠ CardU.S. Bank Cash+® Visa Signature® CardInk Business Cash® Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. US Bank Cash Plus card reviewBest for Small Business PurchasesInk Business Cash Credit CardIn some respects, the Ink Business Cash® Credit Card crushes others on this list. The main drawback of the Ink Business Cash® credit card is its limited selection of 5% cash back categories.

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