Major perks like airfare and cash back were meant to lead to higher returns. But consumers figured out how to game the system. Now banks are trying to figure out how to keep customers happy while cutting extras.

Topics:  banks   
BING NEWS:
  • Rewards Credit Cards Gained a Fanatic Following---Now Banks Are Pulling Back
    Blake DiCioccio and her husband, Jason, flew around the world in business class in 2017, from San Francisco to Taipei, Tokyo to Belgrade, and Frankfurt back home. They didn’t pay for it. JPMorgan ...
    01/6/2019 - 3:45 am | View Link
  • This Week In Credit Card News: Why Banks May Cut Back On Rewards; A New Way To Protect Against Fraud
    Now banks face increasing costs associated with the cards. [The Wall Street Journal] PNC Bank is in the middle of a pilot project that aims to test out credit cards with constantly changing card ...
    01/4/2019 - 9:33 am | View Link
  • Rewards Credit Cards Gained a Fanatic Following---Now Banks Are Pulling Back
    Major perks like airfare and cash back were meant to lead to higher returns. But consumers figured out how to game the system. Now banks are trying to figure out how to keep customers happy while ...
    01/1/2019 - 2:23 am | View Link
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