Amazon decides to drop Visa as partner on US Credit Card

Amazon had earlier confirmed that it will stop accepting Visa credit cards in the UK, after a dispute over payments intensified. But now the company has decided to drop Visa as a partner on its US co-branded credit card.

Highlights

• Amazon confirms that...

YES BANK WANTS TO BUY CITIBANK INDIA'S RETAIL ASSETS

HIGHLIGHTS

• Yes Bank is interested in buying retail assets of Citibank India.
• The India business of Citibank included credit card service, retail banking, mortgages, and wealth management.
• Citibank India also had a presence in the distributi...

S. KOREA FSS REPORTS CREDIT CARD FIRMS COMBINED EARNINGS TO RISE 23.1%

Highlights –

• S. Korea FSS reports credit card firms combined earnings to rise 23.1%.
• The combined net profit of eight card issuers came to $1.8 billion in 2021.
• The increase was attributed to combination of earnings from card loans an...

SHINHAN CARD TO BUY HYUNDAI’S ASSETS FOR RENTAL CARD BUSINESS

Highlights:

• Hyundai Capital’s assets will be bought by Shinhan Card.
• The assets will be related to long-term car rental services which will be worth 500 billion won which is equivalent to $417.3 million.
• The companies signed the deal ...

UK credit card debt falls

For the first time in almost seven years, UK consumers have made net repayments on their credit cards. As across the country, households rein spending in and rebuild their finances after a boom in borrowing.

Since July 2013, the Bank of England reported the first monthly fall in credit ...

Choose the best Card according to your needs: Gold Card or Credit Card

For the purpose and also rewards the two cards that are at the topmost priority these days are The Gold Card that is by  The American Express® and the other one is the Rewards Credit Card by the  Capital One® Venture®. Both cards have a lot to offer that would surely satisfy...

Apples’ Sexist Credit Cards Probed by Regulator

An immediate investigation has been opened by a US financial regulator for claims about setting different credit card limits for women and men. As per the complaints, certain biased algorithms were used to set the limits, and women across the world are not happy about the idea.

Steve Wo...