Joseph Livingston+FollowWould You Swipe a 10% Credit Card?Heads up, credit card fans: Bank of America and Citi are thinking about launching new cards with a super-low 10% interest rate. Why? There’s talk in D.C. about capping credit card rates for a year. The catch? These cards might be bare-bones, so don’t expect big rewards. If you’re carrying a balance, this could save you cash—but perks might be slim. Would you trade points for a lower rate? #Business #MakeMoney #CreditCards00Share
Joseph Livingston+FollowWould a 10% Credit Card Cap Help or Hurt?Imagine if your credit card interest rate could never go above 10% for a year. Sounds sweet, right? But here’s the catch: banks might just add more fees or cut back on rewards to make up for lost profits. Even worse, if your credit score isn’t top-notch, you might not get approved for a card at all. Sometimes, what looks like a win for your wallet could end up shrinking your options. #Business #MakeMoney #CreditCards10Share
nkent+FollowCould Your Credit Card Get Declined Soon?Heads up, points chasers: Visa and Mastercard just proposed a deal that could let stores pick and choose which of their cards they accept. Translation: your fancy rewards card might get the cold shoulder at checkout, or you could see extra fees for using it. Merchants are tired of paying higher fees for premium cards, so you might need a backup card (or two) in your wallet just in case. Time to double-check your payment options! #Business #MakeMoney #CreditCards1810Share
