Although the site boasts that consumers can get up to 97 percent of the face value of the card, most exchange offers are not that generous. For instance, a $200 Home Depot gift card will fetch $172.20 while a Target card of the same amount brings in $193.20.
Author: Chris Warren
Capital One Wish For Others Launches
Some wishes are practical, like an infusion of cash to help a 17-year-old entrepreneur grow her candle business and save for college. Others are more emotional, such as a wish someone makes for her “very hardworking best friends” to be able to give their two-year-old an “amazing” Christmas. Each of these wishes, and many more,… Continue reading Capital One Wish For Others Launches
CFPB Proposes Prepaid Card Rules
After a great deal of speculation, on November 13 the Consumer Financial Protection Bureau (CFPB) unveiled its proposed rules to govern the fast-growing prepaid debit card market. The proposed rules, which are open for public comment for 90 days, are an acknowledgment that more and more Americans utilize the cards to do their everyday banking.… Continue reading CFPB Proposes Prepaid Card Rules
AmEx and Walmart Double Savings Catcher Rewards
The new promotion works the same way, although it gives double the benefits to Bluebird cardholders. To take advantage of the deal, which lasts through Feb. 28 of next year, customers can either go online to the Savings Catcher website or use the Walmart app and scan their Walmart receipt. The Savings Catcher tool works as it normally does and searches for a lower advertised price offered by competitors. If it finds a better price, Bluebird cardholders can click on “Redeem to Bluebird,” which will automatically trigger a deposit of double the savings into their account.
Chase Freedom Lifestyle Index Points to Consumer Confidence
Released each quarter, the Chase Freedom Lifestyle Index is one of many tools available to measure consumer attitudes and behaviors. Unlike opinion polls, the Chase Freedom Lifestyle Index tracks actual spending by Chase cardholders and releases the data in its aggregate form. Given that Chase cardholders represent a broad cross section of Americans, the index can provide a window into consumer trends and reflect overall confidence in the economy.
Will Apple Pay Dominate Mobile Payments? Apple Pay Launch Cheered And Resisted
At a Wall Street Journal conference in California on October 28, Apple CEO Tim Cook revealed that over one million credit cards were activated in the Apple Pay service within just 72 hours of its debut. In order for it to work, users of Apple Pay either manually enter their credit card account information into their phones or simply take a photo of the card.