Millennials are relying on their credit cards more than ever as they face their most financially challenging holiday season yet, according to new data. Since 2020, millennials have used credit cards for the majority of their holiday spending – between 70% to 80% – and the percentage has been climbing, according to a three-year analysis … Read more
For most travelers, flying in business and first class, especially on international flights, is a once-in-a-lifetime opportunity. A business class ticket can cost up to five times more than an economy ticket on Singapore Airlines — and a whopping 13 times more for a first-class one. As a result, these cabins are often booked by … Read more
Former President Donald Trump floated limiting annual credit card interest rates to a maximum of 10% during a campaign stop on Long Island Wednesday night, prompting banking groups to push back against the plan as the Republican version of Democrat Kamala Harris’ widely panned “price controls.” “While working Americans catch up, we’re going to put … Read more
A NEW strain of malware is ripping through Android devices and cloning people’s bank cards, letting hackers go on spending sprees with cash that isn’t theirs. The hacking campaign, which was first detected in November last year, even lets threat actors silently withdraw money from ATMs. 2 Cyber crooks trick an Android user with a … Read more
Have you ever noticed a new credit card or loan account on your credit report that you don’t recognise or inquiries for credit products you never made? There’s a good probability that you may be a victim of identity theft. It is a form of financial fraud where threat actors use your personal data, such … Read more
APPLE Pay has suffered a mysterious malfunction where users are seeing unauthorised charges to their bank accounts, according to reports. One user reportedly watched an eyewatering $1,500 (£1,190) be stripped from his account across 74 rapid-fire transactions in just five minutes. 2 The issue is currently only isolated to Hungary, but is affecting most banks … Read more
Opinions expressed by Entrepreneur contributors are their own. Back in the 1970s, the use of credit cards by consumers was an emerging phenomenon, one that would ultimately fuel the growth of the U.S. economy to unprecedented heights. The use of credit cards by entrepreneurs, by contrast, didn’t even exist. Except in my world. I was … Read more
Retired high school teacher Anjali Teirra, aged 58, has lived in her three-bedroom house without homeowners insurance since 2019. She initially took out a policy for her home in the Tehachapi Mountains of southern California in late 2018, which cost her under $100 monthly in premiums. This was affordable and provided peace of mind, especially … Read more
FOOTBALL fans flocking to pubs to enjoy the Euros 2024 should be on high-alert for credit card scams, experts have warned. There has been an uptick in fake QR codes being pasted over real ones on pub tables and posters, disguised as self-order check points. 1 Fraudsters often disguise malicious apps and websites as legitimate … Read more
High interest rates and elevated inflation since the US Federal Reserve’s aggressive monetary tightening campaign have translated to more missed payments and rising debt levels. Moreover, last year’s average FICO credit score declined for the first time in a decade, as outstanding credit card balances transitioning to delinquencies have continued to increase since 2022. A … Read more
