It offers a 5 percent back on all Amazon.com purchases, and 2 percent back at restaurants, gas stations, and drugstores.
The card has some striking benefits, including a 100,000-point bonus after you spend $4,000 in the first three months.
Now Chase and a slew of other big U.S. banks want to create a single “QuickPay” of sorts to better compete with Venmo’s money-transfer app, which is growing incredibly fast in popularity.
Lenders will sometimes ask your income when reviewing your loan application — and certainly a higher income may work in your favor — but your credit score doesn’t factor in your salary.
Apple, which is closing in on its one-year anniversary of Apple Pay, a mobile consumer-to-merchant system, wants to jump into the mobile person-to-person payment space, a spot now dominated by PayPal’s Venmo platform.
Federal authorities have brought broader and more serious charges against a trio of hackers allegedly behind the massive data breach of the nation’s largest bank, JPMorgan Chase, and other cyber attacks against financial institutions.
Big banks reportedly are trying to restrict the stream of financial data moving into personal-finance sites and applications that help consumers with budgeting, paying bills and keeping track of all banking and investment accounts.
The Consumer Finance Protection Bureau said that Chase sold “zombie debts” to third-party debt buyers, which include consumer accounts that were inaccurate, settled, discharged in bankruptcy, not owed, or otherwise not collectible.
JPMorgan Chase, Bank of America and Wells Fargo Bank each reported more than $350 million in overdraft fees for the first quarter.
Some lawmakers are calling for U.S. Department of Labor hearings on whether banks accused of rigging foreign exchange markets should be allowed to manage retirement accounts or pension funds.