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Will Congress Kill Credit Card Reward Points in 2024?

The Motley Fool

These fees are paid to banks and credit card processing networks (like Mastercard and Visa ) that work behind the scenes of the financial system. Credit card transaction fees are used to pay for the complex "plumbing" in the back end of the banking system. What is the Credit Card Competition Act ? of that money in swipe fees.

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3 Reasons the Capital One/Discover Merger Actually Matters for You

The Motley Fool

Image source: Getty Images If you're a credit card customer who is worried about the Capital One/Discover merger or curious about what it means for the future of credit cards: Take a deep breath. You don't have to do anything or change any accounts. If any Discover-related changes happen, it might be to Capital One's debit cards.

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Expert Quotes: Why Capital One Buying Discover Could Change Credit Cards

The Motley Fool

Image source: The Motley Fool/Unsplash Capital One buying Discover® for $35.3 But based on a few overall industry trends, and what we're hearing from Capital One about its plans for the Discover brand and payment network, we have a few ideas. Capital One buying Discover could ultimately be good news for credit card customers.

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63% of Employees Are Unable to Cover a $500 Emergency Expense

The Motley Fool

Here's what's happening with American workers' emergency savings right now and a few tips for how to jump-start your savings if your account has run dry. Generally speaking, most experts recommend having at least three months' worth of expenses in a savings account. On the one hand, recent job growth data shows the U.S.

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1 in 3 Americans Are Now Dealing With Identity Theft, So Here Are the Steps I'm Taking ASAP to Protect Myself

The Motley Fool

But sadly, criminals can use even scraps of personal information to open accounts or get credit in your name. That might involve running up false charges on your bank account or creating completely new accounts in your name. My online bank also messages me whenever there's activity on any of my accounts.

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Bank Customers Struggle to Get Access to Their Accounts. Here Are 3 Tips to Use if It Happens to You

The Motley Fool

Image source: Getty Images Imagine taking a friend out for dinner on their birthday, only to have your debit card declined. You know you have plenty of money in your checking account. A similar scenario is faced by thousands of bank customers each day. Why would banks risk angering customers?

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3 Reasons Americans Can't Stop Living Paycheck to Paycheck

The Motley Fool

Research from The Ascent found that total household debt in the U.S. Data from the Federal Reserve Bank of New York shows that household debt reached a record high of $17.1 A recent poll from the Associated Press-NORC Center for Public Affairs Research discovered that two-thirds of U.S. continued to climb in 2023.

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