American Express is acquiring yet another restaurant booking platform. It’s a potential gamechanger for cardholders in a world where nabbing a table at a popular restaurant feels like an impossible feat, thanks to an insurmountable number of bots and table resellers disrupting the market.  In major cities, securing a spot…

A federal judge said Friday that card issuers Visa and Mastercard could likely withstand a “substantially greater” settlement with merchants who argued they overpaid swipe fees than the proposed $30 billion settlement she rejected last week. U.S. District Judge Margo Brodie of the Eastern District of New York provided that…

Summer travel is heating up with the weather, but consumers are weary about spending too much. Nearly 71% of consumers blame inflation for impacting their road trip plans, an Experian survey found. A majority of survey respondents planned to spend an average of $1,000 on their trips this summer. Road…

A federal judge on Tuesday rejected a $30 billion antitrust settlement under which Visa and Mastercard agreed to limit fees they charge merchants that accept their credit and debit cards. U.S. District Judge for the Eastern District of New York Margo Brodie in Brooklyn said she was unlikely to grant…

The Consumer Financial Protection Bureau (CFPB) will apply credit card rules to Buy Now, Pay Later (BNPL) products.  As a result, BNPL lenders must follow the federal Truth in Lending Act (TILA) and Regulation Z rules that apply to credit cards, according to a CFPB statement. That means consumers will…

The high interest rate environment has done little to dampen the appetite for credit products, a recent TransUnion report said.  The report said that in the first quarter of 2024, when counted together, consumers had more than 543 million bank cards in their wallets, an increase of 20 million year…

eBay customers will no longer be able to use American Express credit cards to pay for purchases on the online marketplace come mid-August. The e-commerce company said in a statement to FOX Business that “unacceptably high fees American Express charges for processing credit card transactions” have prompted it to cease…

Nearly every store has rewards credit cards available for customers, but not all the offers add up to major savings. These offers are often the “genesis” of long-term issues, one personal finance expert warns. “There’s just a trickle effect that could last maybe years for that consumer,” financial planner and…

Capital One and Walmart announced Friday that they ended the agreement that made Capital One the exclusive issuer of Walmart’s consumer credit cards. Walmart and Capital One launched their partnership in 2018 after the retail giant ended its two-decade partnership with Synchrony Financial. Capital One began issuing Walmart-branded credit cards…

Inflation has steadily been rising in recent years. The Consumer Price Index — a major measure of inflation — rose again in March, by 0.4% on all items. Rising inflation is causing consumers to rely more heavily on credit cards for everyday expenses, a Varo Money survey found. Close to…