Tag: card

Posted in Personal

Is it OK to never have a credit card?

Sara Rathner, NerdWallet
Published 8:06 p.m. ET July 26, 2020

Thanks to quick online applications and, in some cases, instant approval, credit cards make it as easy to build your credit history as it is to make purchases. But they can also make it easy to fall into debt if you struggle to pay on time or tend to spend more than you have.

As a result, some people regard credit cards with skepticism: 17% of U.S. adults don’t have one, according to a 2019 Federal Reserve report.

No financial product is one-size-fits-all, and it’s OK if credit cards aren’t for you. There are other ways to establish credit — and keep your credit scores high — that don’t involve a credit card.

Read More
Posted in Personal

American Express Gold Card Review

Forbes has partnered with The Points Guy for our coverage of credit card products. Forbes and The Points Guy may receive a commission from card issuers. Some of the offers below may no longer be available.

American Express® Gold Card Overview

The American Express® Gold Card wants a seat at your table, whether you’re dining out or buying groceries. With four points per dollar spent at restaurants worldwide and U.S. supermarkets (up to $25,000 a calendar year, then 1x), along with airline and dining credits that almost entirely cover its annual fee, Gold is looking better than ever.

Card Rating*: ⭐⭐⭐⭐

*Card Rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.

Editor’s note: This post has been updated with the current card information. 

When American Express first rebranded and updated the American Express® Gold Card with new benefits and earning rates in

Read More
Posted in Personal

Digital Dada Introduces the Dada Card, a Digital Business Card That Takes Networking and Marketing to a Whole New Level

NEW YORK, NY / ACCESSWIRE / July 23, 2020 / Entrepreneurs and businesses know that networking is vital when it comes to success in the industry. In the modern age, networking has become incredibly fast-paced and convenient, with the usage of social media becoming rampant. Physical business cards are becoming obsolete, as they don’t provide the same edge as their digital counterparts. Which is why Dwayne Lewis and Jocelyn Gore have designed an intuitive digital business card that acts like a simple personal portfolio page that gives their customers the competitive edge that they need. The digital business card is none other than the Dada Card.

The Dada Card gives businesses and people a way to be recognized within the digital space. It aims to translate its customers’ strong online presence and convert that presence into sales. Without a doubt, millions of consumers are using the internet as a platform

Read More
Posted in Finance

Credit card spending fell 50% in first month of lockdown

Credit card spending in April dropped by 50% to £8.7bn. Photo: Getty
Credit card spending in April dropped by 50% to £8.7bn. Photo: Getty

Credit card spending in April dropped by 50% to £8.7bn ($11bn), compared with April 2019, new data from UK Finance reveals.

The number of credit card transactions by UK cardholders also saw a notable fall of 46% to 163 million, the lowest level in over nine years, as borrowers cut down on credit card spending as the coronavirus pandemic hit the country.

Outstanding balances on credit cards fell by £4.7bn in April, the largest monthly drop in over a decade, and more than double the £3.1bn fall in outstanding balances in March, as many consumers chose to make repayments rather than spend on their credit cards.

Spending on debit cards, however, remained strong in April, with the total value of transactions increasing by 0.9% to £51.8bn. This is despite the number of debit card transactions falling by 5.1%

Read More
Posted in Finance

Credit card spending fell 50% at start of lockdown

Credit cards spending dropped by nearly half at the start of lockdown as people played safe with their finances and shunned big purchases.

A total of £8.7bn was spent on credit cards in the first full month of lockdown in April, half the level of April last year, UK Finance said.

The banking trade body said this was the lowest level of spending seen since the last economic downturn.

The cancellation of holiday plans is one likely reason for the fall.

Safety-first

Consumers often use credit cards to pay for summer getaways or major purchases such as household appliances, owing to the extra protection available if something goes wrong.

Many people uncertain about the coronavirus effect on their jobs and finances would have put off buying these items, UK Finance said.

The temporary closure of shops and travel restrictions would also have meant many people put these buying decisions on

Read More
Posted in Personal

Big Issue sellers to resume street sales with PPE and contactless card machines

Big Issue vendors are set to return to the streets next week with personal protective equipment (PPE) and contactless payment card machines to help keep them safe during the coronavirus pandemic.

On 20 March, around 2,000 vendors were withdrawn due to the coronavirus lockdown but sales of the magazine have continued through subscriptions and at supermarkets and other stores.

Now, The Big Issue Group has announced that its sellers will return in England, Wales and Scotland from 6 July, supported by a health and safety plan of action which ensures they are able to sell the magazine safely and customers are able to buy with confidence.

As part of the new rules, sellers will be given access to PPE, including face masks, visors, latex gloves and hand sanitiser. They will also be provided with new bags for the magazines and contactless card payment equipment.

Some local sellers might also be

Read More