Like a handful of banks before it, Chase announced joint credit cards are no longer an option for its customers. Existing accounts won’t be affected, and cardholders can still add authorized users to their accounts. While some consumers may see this as fewer products to choose from, the change shouldn’t impact someone’s access to a… Read More
Imagine a world in which you can walk into a bank branch and walk out with your very own debit card, complete with all the safety features of a debit card that normally takes days to arrive in the mail. That’s what the innovators at Chase did, and the result is coming to a bank… Read More
Which travel rewards credit card gives me flexibility to use my miles on different airlines?
Chase announced today that it will stop charging non-Chase customers in Illinois $5 to use the bank’s ATMs. Non-customers in Texas will no longer have to pay $4 every time they use a Chase ATM. Instead, fees in both states will revert back to $3, the same rate Chase charges across the country, says Tom… Read More
A report released today recognized Discover, American Express and Chase as having the best online customer experience. Discover earned praise for having high customer satisfaction with rates and fees and for being the easiest card to apply for online. American Express earned points for being “trustworthy” and Chase was commended for customer service. Click here to download the full PDF report by the Keynote Systems.
It’s been a month since credit card minimum payments increased across the country. Each credit card company has their own policies, but on average minimums have increased from about 2% of the balance to 4% of the balance each month. Many credit card companies are now using a new formula developed by the Office of the Comptroller of the Currency (OCC) that equals 1% of the balance plus the interest charges and fees. According to MarketWatch:
The increase in credit card minimum payments that went in to effect this week are starting to gather some much needed media attention across the country. Everyone seems to be waking up to the reality of what doubled minimums actually mean to consumers.