Credit card news pops up and it is difficult to keep an eye on each and every narrative, particularly all the reports about credit card fraud. That is why we provide an overview of the best reports on CompareWallet to you so you can read what matters the most and not need to worry about the rest of the things. Here are the highlights for September 5-11, 2015.
Discover Credit Cardholders Set to Use Apple Pay
On Wednesday, the Discover charge card firm declared that it’d incorporate with Apple Pay starting September 16. This means that Discover cardholders may use their accounts to cover things within the app. In an attempt to entice Apple Pay users to be active, Discover is offering an additional 10% cash back bonus on up to $10,000 of instore purchases. With the coming on the scene of Discover, Apple is currently compatible with all leading credit cards. Read more…
Sam’s Club to Take American Express
In February, Costco declared the ending its relationship with American Express. Months after the charge card business is currently entering into a partnership with Costco’s rival, Sam’s Club. In the register of more than 650 Sam’s Club locations, Amex cards will be taken starting October 1. The brand new relationship isn’t exclusive as cards are already accepted by the retailer’s stores. Read more…
The Pentagon Food Court Targeted in Charge Card Scam
On Tuesday, workers at the Pentagon were notified that hackers might have stolen bank account info from individuals who used their credit or debit cards at the Pentagon food court. In the days past, numerous reports of the usage of deceptive credit cards belonging to Pentagon employees were being reported. It’s not clear whether the issue comes from unlawful action or a large scale data infraction by a tiny group of Pentagon food court workers. Read more…
What to Bring to Cuba in Your Own Wallet
Most Americans prefer using credit or debit cards for their regular purchases, but you may mostly need to rely on cash in the event you intend on traveling to Cuba. As it can be difficult to discover a working ATM that takes American plastic it is very important to Americans visiting Cuba to bring a generous quantity of money. By bringing Euros or Canadian dollars to change rather than USD, additionally, you can prevent a pesky 10% penalty tax. Eventually, it is best to budget your cash sensibly while in Cuba, should you attempt to change your left over Cuban tourist money back to the USD since you will get ripped off on exchange rate. Read more…
Consumer Credit Increased More Than Projected
On Tuesday, Federal Reserve amounts for July revealed that consumer credit in the U.S. had grown considerably more than projected. A $19.1 billion increase followed by a $27 billion dollar gain in the previous month, was improved by larger credit card balances and loans for cars. Revolving debt, including credit cards, rose by $4.3 billion. Non-revolving debt, including school tuition and car purchases increased by $14.8 billion. Read more…
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