Issuer News | Credit Card Topics

New PNC Credit Card Motivates Consumers to Practice Financial Responsibility

By: Andrew Allen, 5/13/2025

PNC announced its latest credit card, the PNC Spend Wise Visa®, for consumers seeking a payments vehicle that rewards financially responsible behaviors. The card motivates consumers to make payments toward their balance every month. Cardholders earn an APR reduction when they make purchases totaling $3,000 or more with the card — and submit at least the minimum amount due on or in advance of monthly due dates — over a period of 12 billing cycles. The financial... read more »

The New CIBC Adapta Mastercard Offers Rewards Based on a Cardholder’s Spending Practices

By: Andrew Allen, 5/6/2025

The Canadian Imperial Bank of Commerce (CIBC), a multinational financial services company, announced the launch of the CIBC Adapta Mastercard® on May 1. The credit card introduces new features to the Canadian market and provides rewards opportunities to customers according to their purchase behaviors. The CIBC Adapta Mastercard presents a flexible rewards system. It's the first credit card offered in Canada that can automatically ascertain a cardholder’s three most... read more »

With Its Purchase of Discover, Capital One Aims to Leverage Capabilities to Create Something Special

By: Andrew Allen, 4/25/2025

The purchase of Discover gives Capital One an opportunity to “build something really special”, Richard Fairbank, Capital One’s Chairman and CEO, told analysts during the company’s first quarter earnings call this Tuesday, according to an American Banker report. Capital One’s acquisition of Discover recently received regulatory approvals and is expected to close on May 18. Fairbank said on the call that Capital One is “fully mobilized” to have the transaction completed... read more »

Capital One’s Acquisition of Discover Receives Final Regulatory Approvals, Nears Finish Line

By: Andrew Allen, 4/21/2025

We’re one step closer to a major shift in the U.S. credit card landscape following Friday’s regulatory approvals of Capital One’s acquisition of Discover. The Federal Reserve Board announced its approval of the deal on Friday, after evaluating numerous angles of the merger. The Federal Reserve Board took under consideration the “financial and managerial resources of the companies, the convenience and needs of the communities to be served by the combined organization, and the... read more »

American Express Snaps Up Center in Strategic Move to Strengthen Spend Management Capabilities

By: Andrew Allen, 4/18/2025

Credit card issuers that offer cards to business customers equip them with a transaction tool that can bring convenience and efficiency to their purchasing practices. But that’s just the tip of the iceberg. Some issuers complement their credit card offerings with complementary services that can modernize a business’s approach to spend management. American Express announced on April 16 that it has completed its purchase of Center, a software company that provides small and medium... read more »

Revolut Plans to Offer New Rewards Credit Card in Europe, Eyes Expansion in U.S. Market

By: Andrew Allen, 4/16/2025

Many stakeholders in the credit card industry may not be familiar with the financial technology company Revolut, but that could all change in the near future. The company provides financial solutions to more than 50 million consumers and 50,000 businesses around the world. Revolut’s mission is “for every person and business to do all things money — spending, saving, investing, borrowing, managing, and more — in just a few taps.” The company will be one step closer to... read more »

The CFPB Moves to Dismiss Its Proposed $8 Cap on Credit Card Late Fees

By: Andrew Allen, 4/15/2025

A rule that would have drastically reduced how much a credit card issuer can collect when cardholders miss payment due dates appears to be off the table. On April 14, the Consumer Financial Protection Bureau (CFPB) reached an agreement with plaintiffs, including the U.S. Chamber of Commerce and the American Bankers Association, to end a lawsuit the plaintiffs had launched to stop the credit card late fee cap in its tracks. Credit card issuers likely breathed a collective... read more »

Fortune’s List of Best Companies to Work For in 2025 Includes Several Credit Card Issuers

By: Andrew Allen, 4/9/2025

Everyone wants to enjoy their work and report to an employer that trusts them and values their contributions. Job seekers may struggle to form an accurate picture of what it is like to work for a prospective employer. But they can draw confidence from reports issued by independent agencies that detail the experiences workers have with their employers. Fortune recently released its ranking of the 100 Best Companies to Work For in 2025, and a number of credit card issuers are... read more »

New Research Ranks Digital Platforms of Leading Credit Card Issuers Across Seven Categories

By: Andrew Allen, 4/9/2025

Credit card issuers have a number of tools they can use to measure their performance and assess whether they’re on track to meet their goals. Financial metrics — including an issuer’s ability to maintain revenue while keeping costs in check — can signal how efficient a credit card issuer is. Feedback from customers and employees can inform credit card issuers how key stakeholders view their performance. But customer and employee opinions can be tainted by biases and... read more »

New Chase Sapphire Preferred Cardholders Can Earn 100,000 Bonus Points By Meeting Spend Requirements

By: Andrew Allen, 4/8/2025

Credit card issuers keeping tabs on enticing offers from competitors will want to familiarize themselves with the latest offering from Chase Bank. For a limited time, cardholders who open a Chase Sapphire Preferred® Credit Card can earn 100,000 bonus points after they spend a minimum of $5,000 on purchases within the first three months of opening the card. The promotion, which Chase is calling its “best offer this year,” provides a sizable increase from the card’s... read more »

What’s On Your Docket? Capital One Wades Through Lawsuits While Pursuing Historic Merger

By: Andrew Allen, 3/24/2025

You’ve probably heard of financial services company Capital One, even if you don’t have one of its credit cards in your wallet or use any of its banking services. Capital One features celebrities in its advertising that you may not expect to see in a credit card issuer’s commercials — including rock guitarist Slash and former professional basketball star Charles Barkley — to garner attention for its brand and stable of products and services. If you aren’t familiar with... read more »

The No Buy 2025 Trend Could Force Card Issuers to Shift Strategies in the Name of Protecting Revenue

By: Andrew Allen, 2/12/2025

A social media trend unites consumers committed to forgoing unnecessary expenditures in 2025. The trend could enable cardholders to pay down credit card balances, which have risen in recent years. Merchants and credit card issuers can adopt new strategies that allow them to retain revenue while encouraging responsible spending. A social media trend known as No Buy 2025 has made headlines for encouraging consumers to rein in their purchasing habits and be more... read more »

Capital One’s Big Move Shakes Up the Credit Card Market

By: Eric Bank, 2/21/2024

On February 19, 2024, Capital One decided to add Discover’s credit cards to its wallet. It announced it will use $35.3 billion in stock to purchase Discover Financial Services. Capital One will pay 1.0192 of its shares for each share of Discover, about a 26% premium to the previous closing prices. Capital One shareholders will own 60% of the merged company, with the other 40% going to Discover investors. Three Discover directors, as yet unnamed, will join Capital One’s board. ... read more »

Credit Cards and Plastic Waste — What’s Being Done?

By: Marcie Geffner, 2/15/2024

Cigarette butts. Food wrappers. Beverage bottles. Cutlery. Single-use bags. These are but a few of the many plastic items one may encounter on a daily basis. Another item is plastic cards, including credit, debit, prepaid, ID, gift, membership, and other types of physical cards people carry in their wallets. All of these items contribute to a global problem of plastic waste that accumulates in landfills and the ocean and along the shore. The problem is large and growing. In... read more »

2024 Predictions & Trends: Inflation and Student Loans Problematic, AI Adoption Rises — Expert Q&A

By: Ashley Fricker, 12/21/2023

Rising interest rates, an abysmal housing market, the resumption of student loan payments, and record inflation have all had an enormous impact on consumer finances in 2023. Though financial concerns are on the rise for many Americans — a study from Ramsey Solutions found that 51% of Americans surveyed are struggling to pay their bills, and 42% said the same about paying for food — will 2024 be any better? Or worse? We asked Erica Sandberg, the nation's top consumer finance... read more »

Is Your Credit Card Issuer Withholding Payment Data From the Credit Bureaus?

By: John Ulzheimer, 4/25/2023

Some of the largest credit card companies in the United States have caught the attention of the Consumer Financial Protection Bureau (CFPB) due to their credit reporting practices. Some card issuers have stopped sharing (or perhaps they never shared in the first place) what the CFPB considers to be key information about credit card accounts with the consumer credit reporting agencies. Now, the federal agency is calling for the credit card giants to reverse their course. The... read more »

What Do Credit Card Issuers See When They Check Your Credit?

By: John Ulzheimer, 3/13/2023

Credit reports and credit scores are tools credit card issuers use to predict the risk of doing business with an applicant or existing cardmember. It’s standard operating procedure for credit card companies to review your credit information when applying for a new account. As an existing cardholder, your credit card company may also periodically — usually once a month — review your credit report and credit score. This is to verify your risk level hasn’t dramatically... read more »

17 Surprising Credit Card Facts & Statistics

By: Marcie Geffner, 5/15/2025

There’s no doubt about it: consumers love credit cards. They’re easy to use, convenient, and generally safer than cash. They’re also surprisingly fascinating. To give you some insights into why, we’ve compiled this list of facts and statistics you should know about the cards you love. 1. Chase Led US Card Purchase Volume in 2021 Chase ranked highest among US card issuers for purchase volume — $1344.02 billion — for general-purpose cards in 2024, according to the... read more »

When Do Credit Card Issuers Report Late Payments to the Credit Bureaus?

By: John Ulzheimer, 11/28/2023

You are probably aware that you need to pay your bills on time if you want to earn and maintain solid credit scores. Payment history, after all, is the most important credit scoring factor in FICO’s credit scoring systems, worth 35% of your score points. But what happens if you’re only a little late with your credit card payments? Should you expect your credit score to tank if, for example, you make a payment a couple of days after the due date on your account? The... read more »

CardRates.com Weekly Credit Card Update — December 16, 2021

By: Bill Hardekopf, 12/16/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Consumers Consider as Many as Six Factors When Choosing Credit Card Most consumers look for a minimum of four different features when deciding for which credit cards they should sign up, but some consider as many as six, according to a new study. Consumers living paycheck to paycheck who struggle to pay... read more »

CardRates.com Weekly Credit Card Update — December 10, 2021

By: Bill Hardekopf, 12/9/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Will Congress Take Away Your Credit Card? How would you feel about Congress snatching away your credit card or preventing you from participating in credit card reward programs? Don't laugh. Left-wing groups in Washington are declaring that the plastic card in your wallet is the financial villain that needs to get... read more »

CardRates.com Weekly Credit Card Update — December 3, 2021

By: Bill Hardekopf, 12/2/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Credit Card Applications Rise to Pre-Pandemic Levels American consumers are applying for credit cards at pre-pandemic rates, an increase that is broad-based across age and credit score groups, according to the New York Federal Reserve. The application rate for credit cards rose throughout 2021, reaching 26.5%... read more »

CardRates.com Weekly Credit Card Update — November 23, 2021

By: Bill Hardekopf, 11/23/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Visa's Amazon Spat Shows Power is Shifting to Retailers in Fee Battle Amazon's latest spat with Visa shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers. While Amazon may yet back down on the UK front, the dispute is a bad sign for... read more »

CardRates.com Weekly Credit Card Update — November 19, 2021

By: Bill Hardekopf, 11/18/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. Amazon May Drop Visa as Partner on U.S. Credit Card Amazon is considering dropping Visa as a partner on its U.S. co-branded credit card after earlier confirming it would stop accepting Visa credit cards in the United Kingdom as a dispute over payments intensified. Since Britain's exit from the European... read more »

CardRates.com Weekly Credit Card Update — November 12, 2021

By: Bill Hardekopf, 11/10/2021

For media inquiries on these stories and more, contact credit card expert and industry analyst Bill Hardekopf at (205) 985-9725 or billh@cardrates.com. 1. U.S. Credit Card Use Returning to Pre-Pandemic Patterns U.S. consumers are spending more and ramping up credit card balances, reversing a shift during the Covid-19 crisis, when they scaled back spending and substantially paid down debt, a Federal Reserve Bank of New York report showed on Tuesday. After rising by $17... read more »

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