Tag #Credit Cards

Showing 1 to 12 of 30 results

smh.com.au
🌐 75% Global Worthiness
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Devaluation of Airline Rewards Points in Australia

Starting December 15, 2025, American Express will devalue its airline points transfer rate for several partners, while Australian banks are devaluing reward schemes due to proposed changes in interchange fees by the Reserve Bank of Australia (RBA).

Progress

20% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Australian Banks Threaten Higher Fees if Credit Card Surcharges Banned

Facing a Reserve Bank of Australia (RBA) proposal to eliminate credit and debit card surcharges, major Australian banks threaten to increase annual fees, shorten interest-free periods, and reduce rewards programs, prompting concerns about the future of credit card usage and loyalty programs.

Progress

16% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Hidden Credit Card Penalties: Late Fees Despite On-Time Payments

A Virgin Money credit card customer, despite a history of on-time payments, was charged interest due to a missed payment resulting from not receiving a statement email; this highlights hidden credit card penalties and the need for regulatory changes.

Progress

64% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Soaring Household Debt in 2025: High Interest Rates and Renewed Loan Collections Fuel Crisis

High interest rates (averaging above 21% on credit cards), renewed student loan collections, and persistent spending habits are causing a surge in household debt in 2025, pushing many families to seek debt relief solutions.

Progress

48% Bias Score

Reduced Inequality
nbcnews.com
🌐 75% Global Worthiness
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Walmart's OnePay Launches Credit Cards with Synchrony

Walmart's OnePay is launching two credit cards in partnership with Synchrony, starting this fall, offering a general-purpose and store card to its 10 million customers, marking a shift from its previous partnership with Capital One after a 2023 lawsuit.

Progress

32% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Record Credit Card Debt Spurs Demand for Debt Relief Solutions

Record-high credit card debt in the US, fueled by inflation and tariffs, is driving demand for debt relief solutions like consolidation, balance transfers, debt management plans, and debt settlement, each with varying costs, credit impacts, and eligibility.

Progress

36% Bias Score

Reduced Inequality
t24.com.tr
🌐 85% Global Worthiness
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Turkey's Citizen Debt Exceeds 5 Trillion TL Amidst Economic Crisis

Data from the Turkish Banks Association reveals that Turkish citizens' total debt has surpassed 5 trillion TL due to the deepening economic crisis, with credit card debt accounting for a significant portion.

Progress

20% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Fed Holds Interest Rates Steady, Leaving Borrowers with High-Rate Debt Burdened

The Federal Reserve kept its benchmark interest rate frozen at 4.25%–4.50%, disappointing borrowers with high-rate debt, particularly credit card debt averaging $8,000 and rates near 23%, until their mid-September meeting.

Progress

52% Bias Score

No Poverty
forbes.com
🌐 85% Global Worthiness
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Synchrony's Improved Debt Numbers Mask Underlying Consumer Financial Vulnerability

Synchrony Financial's Q2 2025 results show a decrease in charge-off rates to 5.7% from a high of 6.4% earlier this year, despite 28% of its customers having FICO scores below 650, indicating a temporary stabilization in consumer debt but leaving many Americans vulnerable to future economic shocks.

Progress

40% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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RBA's Surcharge Ban: \$1.2 Billion Savings or Hidden Cost Increase?

The Reserve Bank of Australia proposes banning surcharges on debit and credit card transactions by July 2026, aiming for \$1.2 billion in consumer savings, but critics warn of hidden cost increases affecting all consumers, including cash users.

Progress

56% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Travel Loyalty Shifts to Perks and Experiences, Credit Card Companies Emerge as Key Players

Consumer loyalty in the travel industry is shifting from brands to perks and experiences, with credit card companies like Chase emerging as major players due to their flexible reward systems and control over the travel journey, leaving traditional brands to adapt or risk being disintermediated.

Progress

40% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Capital One-Discover Merger Clears Key Regulatory Hurdle

The Justice Department approved a $35 billion merger between Capital One and Discover, potentially creating the nation's largest credit card issuer, despite concerns about increased consumer fees and reduced competition; however, final approval rests with the Federal Reserve and the Office of the Co...

Progress

48% Bias Score

Reduced Inequality

Showing 1 to 12 of 30 results