All posts tagged: credit cards

Chase Ink Business Unlimited Credit Card: Earn an Unlimited 1.5% Cash Back on All Spending

Chase Ink Business Unlimited Credit Card: Earn an Unlimited 1.5% Cash Back on All Spending

CNET’S PICK 3.5/5 SCORE Rating Breakdown 3.5 Welcome Bonus 3.5 Rewards Program 3.0 Value for Money 4.0 Benefits 4.0 Fees and APR 3.5 How We Rate Business Cards We rate credit cards using our business methodology for cards tailored to business owners. We rank business cards based on earning power, the value you get weighed against the cost, the card benefits and their rates and fees. Credit card issuers have no say or influence in our ratings. How we rate credit cards 3.5/5 SCORE Rating Breakdown 3.5 Welcome Bonus 3.5 Rewards Program 3.0 Value for Money 4.0 Benefits 4.0 Fees and APR 3.5 How We Rate Business Cards We rate credit cards using our business methodology for cards tailored to business owners. We rank business cards based on earning power, the value you get weighed against the cost, the card benefits and their rates and fees. Credit card issuers have no say or influence in our ratings. How we rate credit cards Intro Offer Earn $900 bonus cash back Earn $900 bonus cash back after …

Accel leads M investment in Egyptian corporate cards platform Swypex

Accel leads $4M investment in Egyptian corporate cards platform Swypex

Cards are gaining ground in Egypt, with over 30 million in circulation (prepaid cards, particularly, are seeing more use than debit and credit cards combined). This surge in card usage, about 14% in the last four years, is primarily due to the incentives introduced by fintech companies and banks, attracting millions of Egyptian consumers who previously relied mainly on cash for their transactions. The adoption of corporate cards tells a different tale. Businesses of all sizes have hesitated to embrace corporate cards because of limited access and inadequate spending controls over their usage. Traditionally, banks have been the primary providers of corporate cards across the country; however, fintech companies are now entering the scene to boost adoption. Swypex, one such fintech that’s offering corporate cards and management tools for businesses, raised $4 million, which it will use to expand its business and technical capabilities of its platform. Image Credits: Swypex Around 3.8 million businesses in Egypt face challenges with complicated and rigid financial systems, according to a UNDP report. Like many across Africa, these businesses are …

Chase Sapphire Preferred Card vs. Capital One Venture Rewards Credit Card

Chase Sapphire Preferred Card vs. Capital One Venture Rewards Credit Card

The Chase Sapphire Preferred® Card and Capital One Venture Rewards Credit Card* are two of the best travel credit cards. They both have a $95 annual fee and good welcome bonuses, but the reward structures and redemption methods differ considerably.  While the Venture Rewards card may be better for users who prefer simplicity — thanks to its flat rewards rate on purchases — most cardholders will be able to net more overall value from the Chase Sapphire Preferred Card due to its unique rewards and redemption structures. And while the Venture card may have some travel perks that look appealing on first glance — like Capital One Lounge access — there are some stipulations to consider. Comparing annual fees Winner: Tie Both the Venture and Sapphire Preferred have a $95 annual fee, so this is a clear tie. These cards are cheaper than “premium” cards with annual fees in the $500-$700 range, but $95 is still a significant chunk of change. You should expect better value than credit cards with no annual fee, and you’ll get it if you’re …

Fed Meets Today: Watch Out for Interest Rate Hikes Instead of Cuts This Year, One Economist Says

Fed Meets Today: Watch Out for Interest Rate Hikes Instead of Cuts This Year, One Economist Says

Key takeaways The Fed is expected to hold rates steady at its April-May meeting that starts today. One economist told CNET there’s a better chance of rate hikes than rate cuts this year. Inflation has continued to hover around 3%, above the Fed’s 2% target rate. If you figured the Federal Reserve would lower interest rates soon, you may want to prepare for the opposite to happen. Experts expect the Fed to hold rates steady at its meeting that starts today, and one economist says rate hikes are more likely than cuts this year, as the Fed tries to squash stubbornly high inflation. The Fed paused the federal funds rate at a target range of 5.25% to 5.5% in August last year after raising interest rates 11 times between March 2022 and July 2023. Inflation reacted quickly, dropping from its high of 9.1% in June 2022 to 3% one year later. But inflation has been hovering around 3% since then, above the Fed’s target rate of 2%.  “I don’t see any way the Fed can …

Woman With 30k In Credit Card Debt Is Not Willing To Eat Rice And Beans To Pay It Off

Woman With 30k In Credit Card Debt Is Not Willing To Eat Rice And Beans To Pay It Off

A 30-year-old woman named Kate Hindman has admitted that she refuses to break herself down by working multiple jobs and depriving herself of meals just to pay off all of her debt. In a viral TikTok video, Hindman attracted a lot of advice regarding her credit card debt and she kindly explained why she won’t be following any of it. She refuses to eat rice and beans or work three jobs just to pay off her $30,000 credit card debt. Hindman, who lives in Los Angeles, revealed in a December 2023 TikTok video that she had accrued $30,000 in credit card debt after the pandemic. She explained in the video that before the pandemic, she and her husband would usually have $2,000 on their credit cards at any given time, but they were constantly making payments. “Our monthly payments were $100 a month, and it really didn’t make or break us,” Hindman recalled. “Then the pandemic happened, and my husband lost his salary.”  RELATED: Frugal Stay-At-Home Mom Finds Out Her Husband Has Been Spending $1,000 A Month On Phone Games During …

Don’t Be a Borrower If You Can Help It

Don’t Be a Borrower If You Can Help It

Want to stay current with Arthur’s writing? Sign up to get an email every time a new column comes out. Does having more money make you happier? Most Americans think so, yet economists continue to debate the question. A 2010 paper by two Nobel laureates concluded yes—but only for those earning up to about $75,000 a year. In 2021, an economist revisited the issue and found that well-being may go on increasing for much higher income levels as well. My own work argues that what matters is not how much you have, but what you do with it: Happiness doesn’t rise when you buy stuff, but rather when you use your money to pay for memorable experiences or time with people you love, or when you give it away to causes you care about. All that aside, there is one thing you can do with money that is very likely to raise your unhappiness: Borrow it without clear resources to repay it. Benjamin Franklin was onto something when he wrote in 1757, “Sleep without Supping, …