caption Plastiq founders Eliot Buchanan and Dan Choi. source ©2015 Jon Chomitz Photography Payment app Plastiq enables users to pay for nearly anything – including bills – with a credit card, but charges a 2.5% fee. Plastiq may be worth it if you’re trying to accumulate points or meet a minimum spend on a new credit card, but if you’re not careful, the fees could outweigh the rewards. Plastiq has an A+ rating from the Better Business Bureau and it’s simple to use. Move over Venmo and Apple Pay – there’s a new payment app in town and it’s called Plastiq. “Plastiq is bill pay with benefits,” cofounder Eliot Buchanan told Business Insider. “Our service makes it possible for business owners and savvy consumers to use a credit card for virtually any expense that normally requires a check.” That’s right, Plastiq allows you to … [Read more...] about Two Harvard alums built a payment app so people can pay for rent, tuition, and even taxes with a credit card
New credit card bonus offers
By Ian Bickis The Canadian Press Mon., June 11, 2018 CALGARY—Credit card rewards can deliver great payoffs, but sifting through the points systems, introductory offers, shifting loyalty programs and fine print can make deciding what to put in your wallet a daunting task. Fortunately, you can at least narrow down the options in a few steps, said Janine White, vice-president of marketplaces at RateSupermarket.ca, a comparison website. The first step is an honest assessment of whether you’re having trouble paying off your bill every month, since cardholders who carry a balance should skip the rewards cards and find a low-interest option. If you’ve got a handle on your finances, a good next step is to decide if you want a points-based card or straight cashback. More and more people are choosing the simplicity of cashback, said Mary-Anne Huestis, co-owner of financial research firm MarketSense Inc. Article Continued Below “Cashback is a … [Read more...] about As competition heats up, Canadians have options for finding the best rewards credit card
By Ken Sweet The Associated Press Mon., May 28, 2018 Credit card companies in the U.S. are taking the next step in using their points programs to influence what millions of customers buy, going as far as influencing what colour blender you might purchase. American Express is piloting a program that will allow merchants to reward customers for purchasing specific items at their stores, starting with online merchant Boxed. AmEx is starting small: giving bonus rewards points to Boxed customers who buy Dove soap, Planters nuts, Cheerios cereal and a handful of other items. But AmEx expects to open the program to nearly all their merchants in the coming months. Customers will benefit by expanding the number of ways they can earn points. The program also helps Amex, by giving merchants another reason to keep accepting American Express cards, which tend to be the most expensive for merchants to process. Credit card companies have long been able to reward spending at … [Read more...] about Credit cards narrow the focus of their targeting programs
source Matt Cardy/Getty Images For years, credit cards from JPMorgan Chase, Citigroup, and others have offered price protection, a benefit that refunds customers up to $500 if they buy an item and subsequently spot it cheaper somewhere else. Filing a claim was a laborious task, so few people ever did. Apps like Earny have emerged that use bots to automate the price-protection process, connecting with users’ email accounts to monitor purchases and hunt down refunds. Insiders say the rise of these tools and services has led to exponential growth in price-protection claims: “Nobody foresaw the onslaught of claims right now.” Citi recently revealed it would cut back on its price-protection offering, while Chase is planning to eliminate it entirely. Discover, which doesn’t work with apps like Earny, has cut other benefits but is keeping price … [Read more...] about For years, Chase and Citi credit cards offered a generous, under-the-radar benefit that protected customers. And then the bots arrived.
caption Who doesn’t like free money? source David Silverman/Getty Travel credit cards are used by more than two-thirds of Americans. The average value of a travel credit card in the first year is $900, according to a new report from NerdWallet. After the first year, the average cardholder earns about $230 in rewards annually. Getting away can be expensive, but there are ways to stretch your budget. Almost 70% of Americans use travel credit cards to offset the cost of travel, according to a new report from NerdWallet. Travel credit cards, including those offered from big banks, airlines, and hotel chains alike, offer major travel perks in the form of points or miles – and it’s basically free money. The 32% of Americans who don’t use a credit card that offers travel rewards are leaving hundreds of dollars on the table – a collective $22 billion annually. According to … [Read more...] about Americans don’t spend enough on their credit cards to get the travel rewards they expected — here’s how to make sure you don’t miss out