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☆ I went to Chase's brand-new airport lounge and saw firsthand how pampered I could feel before a flight
▼ + stars: | 2024-02-10 | by ( Joey Hadden | ) www.businessinsider.com time to read: +2 min

I recently visited the new Chase Sapphire Lounge at LaGuardia Airport in NYC. The lounge is complimentary for some Chase Sapphire Reserve cardholders. That's the reality at the Chase Sapphire Lounge, an exclusive airport club in Boston, Hong Kong, and, most recently, New York City. AdvertisementThe Chase Sapphire Lounge is free and unlimited for $550-per-year Chase Sapphire Reserve credit cardholders, who can bring up to two more travelers for free, according to the company's website. The cardholder must also activate their Priority Pass airport lounge membership — complimentary through Chase Sapphire Reserve — to access the space.

Persons: Chase, —, John F, cardholders, Ioannis Tzielekis Organizations: LaGuardia, Chase, Service, Kennedy International Airport, Chase Sapphire, LaGuardia Airport's Locations: NYC, Boston , Hong Kong, New York City, JFK, LaGuardia

The information for the following product(s) has been collected independently by Business Insider: Citi® Double Cash Card. If you aren't familiar with Laurel Road, it has been a lending division of KeyBank, and it's starting to expand into other areas to serve standard banking needs. Laurel Road student loans is what the brand has been primarily associated with. Laurel Road Student Loan Cashback Card OverviewThe Laurel Road Student Loan Cashback Card has a straightforward structure:No annual feeNo foreign transaction feesNo interest for the first year$300 student loan cashback bonus if you spend $3,000 within the first 90 days2% cash back to redeem on your student loan payments1% cash back for all other redemptionsPaying down your student loans with the rewards from your card is super simple. According to data from the Federal Reserve, the country currently has a staggering load of nearly $1.6 trillion of student loan debt.

Persons: Kaitlin Walsh, Epstein, Walsh, " Walsh, What's, We're Organizations: Business Insider, Citi, Laurel, Service, Citi Entertainment, Federal Reserve Locations: KeyBank, Laurel

☆ American Express' cardholder demographic fuels above-market growth, says Jim Cramer
▼ + stars: | 2024-01-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

American Express' cardholder demographic fuels above-market growth, says Jim Cramer'Mad Money' host Jim Cramer takes a closer look at credit card companies as consumer spending remains high.

Persons: Jim Cramer Organizations: American

Many card issuers will allow you to downgrade your credit card instead of canceling it outright. How to Contact Your Credit Card IssuerIf your card issuer lets you downgrade your credit card to another one, you should see the change in your online account page within a few days. Considerations Before DowngradingImpact on Credit ScoreClosing a credit card account can reduce the age of your credit history and cause your credit utilization to rise if you carry balances on other cards. The Drawbacks of Downgrading Your Credit CardYou can absolutely downgrade your credit card, but there's an argument to be made for signing up for a new, different credit card instead and simply closing your old one. Your best bet is having a card in mind to downgrade to, then calling your card issuer using the number on the back of your credit card to ask.

Persons: you've, Chase, It's Organizations: Chase, Chase Sapphire Reserve Locations: Chase

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). If you've been thinking about getting a United credit card, now is the time to do it. United just boosted introductory offers on four popular credit cards, increasing each sign-up bonus by 10,000 additional United MileagePlus miles from its current rate. A free first and second checked bag can save you and a companion up to $320 round-tripCheck mark icon A check mark. Up to $125 in annual credits toward United® purchases can offset half the annual feeCheck mark icon A check mark.

Persons: —, you've, Here's Organizations: United Club, Service, United, FDIC, United ®, United Airlines, ℠, Card, Club, Free, TSA, Star Alliance Locations: United, Canada

Chris DongCapital One's third airport lounge is a 10,800 square-foot "glass fishbowl" in Denver International Airport (DEN). Capital One Venture X Rewards Credit Card and Capital One Venture X Business Card† credit cardholders get unlimited complimentary access and can bring up to two guests for free. Capital One Venture Rewards Credit Card and Capital One Spark Miles for Business† cardholders get two complimentary passes per year. Capital One Venture X Rewards Credit Card and Capital One Venture X Business Card† cardholders enjoy unlimited complimentary access to all Capital One Lounges. The parents' room in Capital One's Denver airport lounge offers a quiet space for rest, diaper changes, and feedings.

Persons: Chris Dong, cardholders, Business † cardholders, —, chai, chia Organizations: Business, Venture, Denver International Airport, Chris Dong Capital, Denver International, Service, Dulles, Fort, International, Capital, One, Premier, Rockies, Colombe, Fenway, Cervecería, Yacht Club, Sunrise, Denver Travelers, Chase Locations: Denver, High City, Washington, Dallas, Fort Worth, DFW, One's, Concourse A, Colorado, Downtown Denver, Cervecería Colorado, Capital One's Denver

☆ Earnings aren't bad, but fourth-quarter forecasts are slipping. Here's what that means for the market
▼ + stars: | 2023-10-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Results haven't been bad, but the macro is overwhelming everything, and fourth-quarter guidance is slipping. Here's a general rule for the stock market: earnings are the main determinant of stock prices in the long run, but in rare cases macro trends can overwhelm their message. Earnings are OK, but the trend is down On the surface, this looks like a good earnings season. With earnings, however, it's the trend in the forward quarter that matters: is the trend up or down? If Treasury yields stabilize or even move lower, that will be a more important factor than a slightly lower earnings environment.

Persons: Here's, CNBC's Robert Hum, Sellers, Chubb, Sherwin, Williams, Kimberly Clark, Campbell, Swift, FactSet's John Butters, what's Organizations: Microsoft, Waste, Norfolk, Procter, Gamble, Pepsi, Soft, Nvidia, Express, Visa, Southwest Airlines Locations: Meta, Winnebago, Corning, Big Tech, Treasurys

☆ Credit card users paid $130 billion in fees, interest in 2022, federal watchdog says
▼ + stars: | 2023-10-25 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Proposed changes are meant to fill gaps in the Credit Card Accountability Responsibility and Disclosure Act of 2009, or CARD Act. The law imposed guardrails on credit card companies such as price controls on penalty fees and specific conditions in which they can be charged. However, there is no restriction on how much APR a company can charge nor language on late fees. How to minimize credit card fees, interestCardholders who carried a balance paid about 20% of their average statement balance in interest and fees last year, the CFPB found. WalletHub estimates that cardholders paid on average $76.27 in fees and interest per credit card account in the fourth quarter of 2022.

Persons: Biden, Schulz, it's, " Schulz, cardholders, Autopay, Matt Schulz, Sara Rathner Organizations: Consumers, Federal Trade Commission, Istock, Getty

☆ These credit cards have had 'increasingly notable' high rates, analyst says. What to know before you shop
▼ + stars: | 2023-10-23 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

"We've seen all types of credit card rates go up in recent years, but store cards have been increasingly notable," said Ted Rossman, senior industry analyst at Bankrate. "It's becoming way more common for many credit cards to have that as a possible standard rate," Schulz told CNBC in a previous interview. watch nowYet, about 74% of 2023 holiday shoppers still plan on using credit cards to buy gifts this year, NerdWallet found. 'These 0% promos are very dangerous'Retail credit cards will oftentimes offer a 0% interest promotion described as "deferred interest." Sara Rathner credit cards expert and writer at NerdWallet.

Persons: We've, Ted Rossman, Matt Schulz, Schulz, Sara Rathner, NerdWallet, Bankrate's Rossman, Rathner Organizations: Bankrate, Finance, CNBC Locations: NerdWallet

AdvertisementAdvertisementThe information for the following product(s) has been collected independently by Business Insider: Hilton Honors American Express Surpass® Card, Hilton Honors American Express Aspire Card. Customers who hold the mid-tier Hilton Honors American Express Surpass® Card or the premium Hilton Honors American Express Aspire Card will soon receive enhanced benefits – as well as increased annual fees. What you should know about the Hilton Honors Amex CardThe Hilton Honors Amex is the hotel chain's base-level credit card. If you reach the $2,000 spending requirement making Hilton hotel purchases, you could end up with 114,000 Hilton Honors points, since eligible Hilton purchases earn 7 points per dollar. If you're a heavy Hilton loyalist, consider the mid-tier Hilton Honors American Express Surpass® Card or the premium Hilton Honors American Express Aspire Card.

Persons: Hilton, —, David Slotnick, Amex, You'll, you'll Organizations: Business, Hilton, American, Hilton Honors, Service, Honors, U.S, Hilton Gold Locations: Bangkok, U.S, Hampton, Colombia, Mexico's Baja California

AdvertisementAdvertisementThe information for the following product(s) has been collected independently by Business Insider: Hilton Honors American Express Surpass® Card, Hilton Honors American Express Aspire Card. Antonio Busiello/Getty ImagesAmex is raising the annual fees on the Hilton Honors American Express Surpass® Card and Hilton Honors American Express Aspire Card credit cardsand Hilton Honors American Express Aspire Card credit cards Both cards also receive increased benefits such as complimentary rental car elite status and annual statement creditsEnhanced benefits will offset the increased annual fee for some cardholders. We'll give you the bad news first: American Express is raising annual fees on the Hilton Honors American Express Surpass® Card and the Hilton Honors American Express Aspire Card. Hilton Honors American Express Surpass® Card Insider’s Rating Info icon Insider's Ratings are decided by our editorial team. The Hilton Honors American Express Surpass also comes with complimentary Hilton Gold elite status.

Persons: Hilton, Antonio Busiello, —, that's, Conrad Organizations: Business, Hilton, American, Hilton Honors, Amex Hilton Aspire, Hilton Honors American, Service, American Express, Hilton Aspire, U.S, Hilton Gold, Gold, Honors American, Hilton Honors American Express, Express, Waldorf, Emerald, Express Aspire, Aspire Locations: U.S, Hilton

☆ Credit card users paid nearly $164 billion in fees, interest in 2022. It may 'get a little worse,' analyst warns
▼ + stars: | 2023-10-19 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Some credit card companies charge as much as $41 for a missed payment. Proposed changes are meant to fill gaps in the Credit Card Accountability Responsibility and Disclosure Act of 2009, or CARD Act. The law imposed guardrails on credit card companies, like price controls on penalty fees and specific conditions in which they can be charged. However, there is no restriction on how much APR a company can charge nor language on late fees. How to minimize credit card fees, interestCardholders paid on average $76.27 in fees and interest per credit card account in the fourth quarter of 2022, WalletHub found.

Persons: Oscar Wong, Biden, Schulz, Cardholders, WalletHub, it's, cardholders, Autopay, Matt Schulz, Sara Rathner Organizations: Federal Trade Commission

Delinquency on your credit report: While a credit card default occurs once your payment is over 180 days late, the consequences of a missed payment start far earlier. Closed credit account: When you default on a credit card, your card issuer almost always closes your account. The good news is that your credit is pliable, so you'll bounce back from a credit card default eventually, as long as you don't fall into default again. Credit card default frequently asked questionsCan I apply for a credit card I defaulted on? If you default on a credit card, that credit card issuer may bar you from any other lines of credit, even if you've rebuilt your credit.

Persons: Mark Stewart, Jeff Rose, Rose, Stewart, you've, it's Organizations: Federal Reserve

☆ Amazon Prime Big Deal Days 2023: The Best Lightning Deals, Home Sales and More
▼ + stars: | 2023-10-10 | by ( Bellamy Richardson | ) www.wsj.com time to read: +4 min

Amazon is hosting its second two-day sales event of the year, Prime Big Deal Days, on Oct. 10 and 11. Read our guide on how to shop the event so you can get the most out of Prime Big Deal Days and check back here for updates on limited-time “lightning deals.”Get 10% back with Amazon Prime VisaIf you’re a Prime Visa credit card owner, you’ll want to take advantage of an extra bonus on Prime Big Deal Days. Some of our favorites incIf you’re a Prime Visa credit cardholder, you’re used to getting 5% back on Amazon and Whole Foods purchases, but now during Prime Big Deal Days, you’ll get double that—10% back—on select items during the sale. Don’t miss big sales on products we love, including some of our favorite wireless earbuds and portable bluetooth speakers. Travel dealsIf you’re getting ready for an upcoming trip, Big Deal Days can help you save big when upgrading your travel gear.

Persons: Bellamy Richardson, ”, Cardholders, you’ll, incIf you’re, you’re, fryer Organizations: July’s, Deal, Amazon, Foods, Kindle, Big, Big Deal, Tech

☆ Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion
▼ + stars: | 2023-10-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

"We do not see a path forward for legislation to cap credit card interest rates," Seiberg said. There are 70 million more credit card accounts open now than in 2019, it said. Credit card interest rates have predominantly remained below 36% due to "self-restraint" by banks, though that's still "extremely high" for a credit card, said Lauren Saunders, associate director at the National Consumer Law Center. I think some of the [political] lines are starting to blur a little bit, at least on credit card issues. How to reduce your personal card rate to 0%Rossman's general advice to consumers: Make your personal credit card rate 0%.

Persons: Luis Alvarez, Rossman, Seiberg, There's, that's, Lauren Saunders, Ted Rossman, Sen, Bernie Sanders, Alexandria Ocasio, Glenn Grothman, Grothman, Hawley Organizations: Digitalvision, Getty, Cowen Washington Research Group, Republican, Federal Reserve Bank of New, Federal Reserve, National Consumer Law Locations: Federal Reserve Bank of New York, Alexandria, Cortez, Jesús, Chuy, García

☆ Gen Z Is Poised to Spend More on Debt Than Others. It Could Derail Retirement.
▼ + stars: | 2023-09-27 | by ( Martha C. White | ) www.nytimes.com time to read: +2 min

Evidence suggests that more young adults are struggling financially today than in the immediate aftermath of the pandemic. Ms. Rascon said many young adults don’t understand the fundamentals of borrowing, including interest rates and the way high borrowing costs can cause a debt balance to balloon. “The shocking thing for me as a counselor is they don’t know what an A.P.R., or annual percentage rate, is. They don’t know how to track their expenses,” she said. Experts worry about the high rate at which young adults are tapping into their retirement savings.

Persons: Diana Rascon, Rascon, ”, —, Transamerica, Catherine Collinson, “ Organizations: Money Management, Transamerica Center, Retirement Studies, Transamerica Institute

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Two of our favorite business cards — the Ink Business Cash® Credit Card and the Ink Business Unlimited® Credit Card — just brought back their highest-ever welcome offer that can earn you even more than usual for meeting a minimum spending requirement as a new cardholder. Ink Business Cash® Credit Card Apply now lock icon An icon in the shape of lock. That means the new welcome offer on the Ink Business Cash® Credit Card and Ink Business Unlimited® Credit Card could be redeemed as 90,000 Chase points as opposed to $900 in bonus cash. You can learn more in our Ink Business Unlimited card review, and check out our comparison of the Ink Business Cash vs. the Ink Business Unlimited card.

Persons: Chase, It's Organizations: Ink, FDIC, Chase

☆ Delta SkyMiles Platinum American Express Card Review
▼ + stars: | 2023-09-20 | by ( Ben Luthi | ) www.wsj.com time to read: +8 min

By Ben LuthiThe Delta SkyMiles® Platinum American Express Card offers a sign up bonus and annual benefits that could earn cardholders several free flights a year. But if you’re a loyal Delta customer and want a better experience every time you fly, the Delta SkyMiles Platinum can be a solid choice. The Delta SkyMiles Platinum has a $250 annual fee, and depending on how you use the card, it’s possible to offset that cost with rewards alone. Starting in 2024, for each $20 you spend on the card, SkyMiles Platinum cardholders will earn 1 medallion qualifying dollar, or MQD. Methodology: How we evaluated the Delta SkyMiles Platinum American Express CardTo choose Buy Side from WSJ’s Best Airline Cards, we compared 23 credit cards from 10 major domestic airlines.

Persons: Ben Luthi, Hopper, You’ll, that’ll, you’ll, you’re Organizations: Express Card, Delta, U.S, delta.com, TSA PreCheck, ., Delta SkyMiles, American, Capital, Venture Locations: U.S, Delta

Rebuild credit after bankruptcy with a credit builder product that doesn't require good credit. As such, you'll have to start from zero, using products such as credit builder loans and secured credit cards that don't require a good credit score or any credit at all. Credit builder loansCredit builder loans are one of the main credit-building methods for people either starting from scratch or rebuilding credit after severe delinquency or bankruptcy. Secured credit cardsApplying for a secured credit card can be one of your best options for rebuilding your score. Rebuilding credit after a bankruptcy frequently asked questionsCan you remove a bankruptcy from your credit report?

Persons: you'll, it's, myFICO Organizations: Visa, Card Locations: Chevron

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). The World of Hyatt Business Credit Card is offering a new, higher welcome bonus. World of Hyatt Business Credit Card Apply now lock icon An icon in the shape of lock. World of Hyatt Business Card review External link Arrow An arrow icon, indicating this redirects the user." You can read all the details in our World of Hyatt Business Credit Card review.

Persons: Hyatt, it's, I've, you'll Organizations: Hyatt Business, Service, Hyatt, Card, FDIC, Manchester Grand Hyatt San, Hyatt Paris Locations: Wall, Silicon, Hyatt, Manchester Grand Hyatt San Diego, Dublin

☆ Rewards Cards: Put Those Points to Work
▼ + stars: | 2023-09-07 | by ( Julie Weed | ) www.nytimes.com time to read: +1 min

Sign-up bonuses, lounge access, cash rebates, free hotel rooms and plenty of fine print: The dizzying promotions and Byzantine rules on earning and redeeming points with rewards credit cards can make your head spin. Rewards cards offer three types of value. There is typically a sign-up bonus, up to 120,000 points or miles after spending a minimum amount within a certain period. Make partnerships work for youA co-branded card, like the Alaska Airlines Visa Signature (fee $95), helps you achieve status faster with that airline. Hotel chains offer similar co-branded cards.

Persons: Autopay Organizations: Alaska Airlines Visa, Hyatt Visa, Marriott Locations: Alaska

☆ Is Travel Insurance Worth It?
▼ + stars: | 2023-09-05 | by ( Kat Tretina | ) www.wsj.com time to read: +12 min

Trip cancellation and interruption coverage is the most common form of travel insurance, making up nearly 90% of travel protection plans sold. Travel medical: When you travel to another country, typical health insurance plans — including Medicare — don’t cover you. Like all forms of insurance, travel insurance policies don’t cover every event that can impact your vacation. “When you travel using airline miles and hotel points, most credit card travel insurance policies won’t cover the trips,” says Huffman. “If you do not get travel insurance, you are rolling the dice,” says Hines, who adds she always recommends travel insurance to her clients.

Persons: Kat, we’ve, it’s, ”, Tiffany Hines, Mark Friedlander, ” What’s, Friedlander, Lee Huffman, Huffman, Kevin Payne, Payne, Hines, “ We’ve, won’t Organizations: Global, Travel, Insurance Information Institute, Disease Control, Prevention, World Health Organization, Spirit Airlines, Delta, Allianz Travel Locations: Athens , Georgia, Europe, U.S

Credit scores usually drop at least 100 points or more after bankruptcy is added to a credit report. As such, if a bankruptcy is added to your credit report, it can have a severe negative impact on your credit score. More Information No hard credit report pullReports to all 3 bureausBuild credit AND savingsJoin over 1 million credit buildersUnlock a Secured Credit Card after meeting eligibility criteria24 months loan durationCan you remove a bankruptcy from your credit report? Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.8/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Aura's website Learn more On IDShield's website Learn more On IdentityForce's websiteFinal thoughtsRemember, bankruptcy is just one of various debt relief options. If you're patient and commit to following good credit habits, your credit score will slowly but surely rise.

Persons: myFICO, you'll, You'll Organizations: Service, Visa, Card, Credit Monitoring, Chevron Locations: Wall, Silicon

Eva Marie Uzcategui | Bloomberg | Getty ImagesIt's not your imagination: Companies are getting stingier with customer rewards. Raising the barSome of the biggest shifts in customer perks have come in the airline industry. At many retailers, customers must now pay a return fee if they want to ship back unwanted clothing, shoes or other items. "To drive that online demand, free shipping and free returns were put in place, but now we all know it costs significant money," he said. Both companies aim to make sure membership isn't shared with people who aren't paying, particularly as the companies chase new avenues of growth.

Persons: Eva Marie Uzcategui, Dunkin, Cowen, David Garfield, Yuping Liu, Stephanie Keith, Marshal Cohen, Circana, Nordstrom, Christopher Dilts, Kohl's, Macy's, they're, Amit Sharma, Heidi Isern, Levi Strauss, Ann Taylor, Crocs, Brooks, reining Organizations: Brickell City Centre, Bloomberg, Getty, Retailers, Ross, uptick, American Airlines, Delta Air Lines, United Airlines, Old Dominion, Strome School of Business, LaGuardia, American Express, American, IRI, NPD, Urban Outfitters, Abercrombie, Fitch, Nordstrom, Amazon, Foods, Netflix, Costco Locations: Brickell, Miami , Florida, Queens, New York, Delta, Schaumburg , Illinois

☆ How to Build Credit Without a Credit Card
▼ + stars: | 2023-07-31 | by ( Emily Sherman | ) www.wsj.com time to read: +11 min

The problem: The best way to build your credit score is to make regular payments on your credit card — and often you can’t get a credit card until you already have a good credit score. Become an authorized userThe fastest and easiest way to build your credit score — if it’s an option for you — is for a family member or friend with a good credit to add you as an authorized user to their credit card. Once a cardholder adds you to their account, you’ll get your own credit card, earn rewards (if applicable) and get credit for on-time payments and a credit utilization ratio. Get a secured credit cardIf you don’t have any of the loans listed here or find you need another option for building credit, a credit card is still an option. Specifically designed for those just getting started building credit, secured credit cards use a deposit as collateral to reduce risk, so even those with poor credit can qualify.

Persons: Emily Sherman, ”, Emily Irwin, Wells, Irwin, you’ll, doesn’t, it’ll, Freddie Huynh, isn’t, Huynh, Kenneth Chavis, You’re, “ Organizations: Debt, Experian, Versant Capital Management, Digital Federal Credit Union Locations: Wells Fargo, Minneapolis, It’s, Phoenix

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