Latest Credit card services News

FILE - This Aug. 11, 2019, file photo shows an American Express card in New Orleans. People who freelance or side hustle for work could have access to a useful tool they may not have considered within their reach: a business credit card. You don’t need employees or an LLC to qualify for these cards, which typically offer bigger sign-up bonuses and different rewards than personal credit cards.  (AP Photo/Jenny Kane, File)

Millennial Money: How a business credit card fits gig work

May. 12, 2020 7:38 AM EDT

Entrepreneurial types who freelance and side hustle their way through the week likely have access to a tool that could help them thrive: a business credit card. If you drive a rideshare part time, regularly resell on eBay or book paid photography jobs on the side, you may qualify for a business credit card. You...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)

Liz Weston: How to ask your bank or lender for help

Apr. 27, 2020 7:53 AM EDT

Many banks, credit card issuers and other lenders have promised to help those impacted by the coronavirus pandemic. They’re offering to defer or reduce payments and waive interest charges and rebate fees for those who have lost jobs, had their hours reduced or otherwise lost income to the COVID-19 crisis....

FILE - In this March 5, 2012 file photo, consumer credit cards are posed in North Andover, Mass. Many businesses are offering relief on bills to those affected by the COVID-19 pandemic and its economic fallout. Contact creditors to find out what’s available, and document the details of any agreements.  (AP Photo/Elise Amendola, File)

How COVID-19 payment accommodations may affect your credit

Apr. 19, 2020 12:29 PM EDT

If you’ve been affected by COVID-19, you may be eligible for relief in paying bills. That can help you prevent damage to your credit from late payments at a time when protecting your credit could help increase your financial resilience. But hardship and forbearance programs are not automatic — you...

FILE - In this  Oct. 14, 2019 file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. Bank of America Corp. reports financial results Wednesday, April 15, 2020. (AP Photo/Steven Senne, File)

Banks brace for big loan defaults by US, global customers

Apr. 15, 2020 12:11 PM EDT

NEW YORK (AP) — The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus pandemic. JPMorgan Chase, Wells Fargo, Bank of America, Citigroup and Goldman Sachs raised the funds set aside for bad loans by nearly...

FILE - In this Aug. 16, 2019 file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange.  JPMorgan Chase & Co. reports financial results on Tuesday, April 14, 2020. (AP Photo/Richard Drew, File)

JPMorgan 1Q profit drops 70% as it readies for loan defaults

Apr. 14, 2020 4:42 PM EDT

NEW YORK (AP) — JPMorgan Chase is preparing for the possibility that customers ranging from credit card holders to oil companies could fail to pay back billions of dollars in loans as the economy reels from the coronavirus outbreak. JPMorgan said Tuesday that first-quarter profit plunged nearly 70%, as it...

In this Wednesday, April 8, 2020, photograph, Ben Prater shows where one of the social distancing markers is placed on the floor and the traffic flow that he encourages at his marijuana dispensary as a statewide stay-at-home order remains in effect in an effort to reduce the spread of the new coronavirus in Denver. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/David Zalubowski)

Virus fuels pot industry's push for online sales, delivery

Apr. 13, 2020 4:48 PM EDT

DENVER (AP) — Colorado has made online sales of recreational marijuana legal during the coronavirus pandemic, fulfilling one of the pot industry's biggest wishes and fueling its argument for more concessions that could be made permanent when the crisis eases. It's one of several signs emerging from the...