16th

May, 2015

American Express Upgrades Their Gold Cards

The American Express Gold card has been around for nearly 50 years, but it's been starting to lose some of its luster. As new competitors arrive with bonus rewards and fewer fees, Gold card users were sometimes left wondering if they were being left behind. Earlier this year American Express started to reinvest in its extensive line of reward credit cards, starting with its standard Gold card as well as its Premier Rewards Gold card. What's New The standard American Express Gold Card will now offer cardholders Double Membership Rewards Points on travel purchases such as for car reservations, non-prepaid hotels, and Fine Hotels…

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15th

May, 2015

Credit Cards in the News: May 9-15, 2015

Credit card news pops up every week and it’s not always easy to keep track of each story, especially all the stories about credit card fraud. That’s why we provide you with a summary of the top stories on CompareWallet so you can read what matters the most and not have to worry about all the other stuff. Here are the highlights for May 9-15, 2015. Hackers Target Starbucks Criminals are now targeting the Starbucks mobile payment app in order to obtain access to credit card accounts. The auto-reload function of the coffee retailer’s app can make it possible for hackers…

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14th

May, 2015

Credit Cards for Pet Expenses

Pet ownership has tripled since the 1970’s with an estimated 83.3 million owned dogs and 95.6 million owned cats. Pet ownership has been on the rise due to several factors such as animal abuse awareness campaigns and the promotion of “no-kill” shelters. Pet ownership has been linked to a healthier lifestyle by easing loneliness, reducing stress, anxiety and depression, and promotes social interaction and exercise. Pet ownership and the amount spent on animals each year continues to increase, even despite hard economic times. It’s estimated that pet owners spent a total of $58.51 billion in pet expenses in 2014. The…

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13th

May, 2015

Rewards Redemption: Value vs Points

Points. Miles. Cash back. Rewards. What's the difference? Understanding your credit card rewards can be tough! Those that play the rewards game and win, like ThePointsGuy.com and FrequentFlyerGuy.com, will often reference the importance of getting the most value from your points or miles in order to get more out of them than the typical 1 point=1 cent. Here we provide one example on what credit card reward experts mean when they stress value over (number of) points or miles using the Chase Freedom and Chase Sapphire Preferred credit cards as examples. To most people, the Chase Freedom is just another cash back credit…

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13th

May, 2015

The CFPB & Prepaid Industry Face-Off

The Consumer Financial Protection Bureau (CFPB) is a relatively new federal agency that was born in a swirl of political controversy, thanks to harsh opposition from many members of the financial industry and the lawmakers who strive to protect their interests. That was expected, though, because the CFPB was designed to go toe-to-toe with powerful financial corporations and police the way they conduct business to ensure consumers are treated right. The Network Branded Prepaid Card Association (NBPCA), a trade group that serves the prepaid card company community, are pushing back because the CFPB is proposing changes that will impact how…

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