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Visa to block memecoin credit card rewards by reclassifying purchases from 'digital media' category, following The Block investigation
The move will stop users from earning ordinary points or cash back on memecoin purchases, which were previously categorized under the merchant category code (MCC) 5815, typically used for streaming mo
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HKMA: Hong Kong's credit card circulation increased 36.1% YoY to 31.03 million in Q2 2026, while total transaction value rose 6.8% YoY to HK$286.5 billion
The Hong Kong Monetary Authority (HKMA) today released statistics for payment cards issued in Hong Kong for the second quarter of 2026. The total number of credit cards in circulation reached 31.03 mi
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High-end credit card market challenges banks with rising costs and retention issues; American Express and JPMorgan Chase raise annual fees
The high-end credit card market is facing persistent challenges including rising costs, intense competition, and customer retention issues. American Express recently raised its Platinum Card annual fe
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Robinhood Wallet and Fomo app allow users to purchase memecoins with credit cards, with transactions categorized as "digital media" to circumvent crypto rules and earn rewards points. JPMorgan Chase has filed a complaint with Visa.
The Block's investigation reveals that Robinhood Wallet and Fomo app allow users to purchase memecoins like dogwifhat (WIF) with credit cards (via Apple Pay or Google Pay) through products from crypto
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The Wall Street Journal: High-end credit card holders are finding it increasingly difficult for their cards to be worth the value, as rising annual fees exacerbate the "cat and mouse game" between credit card companies and customers over rewards.
The Wall Street Journal: High-end credit card holders are finding it increasingly difficult for their cards to be worth the value, as rising annual fees exacerbate the "cat and mouse game" between cre
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US merchants increasingly rounding cash payments and adding credit card surcharges amid penny production halt and rising swipe fees
Following the U.S. Mint's halt of penny production last year, many merchants have started rounding cash transactions to the nearest nickel. States are enacting laws to govern this practice, and a fede
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UK Credit Card Repayments Fall 2.4% in June, Balances Hit Record £1,975; Missed Payments Rise, FICO Warns
According to FICO's June 2026 figures, the proportion of balances repaid dropped 2.4% month-on-month to 33.3%, while the average active balance increased 1.4% to a record £1,975 ($2,693). Average card
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Financial expert Vivian Tu advises investors to prioritize paying off high-interest credit card debt (20-30% APR) before investing, citing its cost often exceeds market gains.
Financial expert Vivian Tu advises investors to prioritize paying off high-interest credit card debt (20-30% APR) before investing, citing its cost often exceeds market gains. This advice is echoed by
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Kraken-commissioned survey finds 63% of Americans feel financially behind, 47% see credit cards as only path to meaningful rewards
A national survey of 2,001 US adults, commissioned by Kraken and conducted by Morning Consult, revealed that nearly two-thirds of Americans believe they are falling behind financially compared to thei
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Meredith Whitney says U.S. credit card balances are growing in line with inflation.
Meredith Whitney, CEO of Meredith Whitney Advisory Group, said in an interview with Bloomberg that U.S. consumers' credit card balances are growing in line with inflation. She also discussed the curre
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Mastercard CEO: Credit Cards Will 'Prevail' in AI Shopping Era
Mastercard's CEO expressed confidence that credit cards will "prevail" in the new era of AI shopping. The company is actively positioning itself for "agentic commerce" as the payment technology landsc
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Karta Completes $140 Million Series A Funding Round, Co-Led by Galaxy Ventures and CIM
Svmuu News: Karta announced the completion of a $140 million Series A funding round, co-led by Galaxy Ventures and CIM. Karta is a U.S. credit card product designed for global travelers that does not
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Visa to block memecoin credit card rewards by reclassifying purchases from 'digital media' category, following The Block investigation
The move will stop users from earning ordinary points or cash back on memecoin purchases, which were previously categorized under the merchant category code (MCC) 5815, typically used for streaming mo
-
HKMA: Hong Kong's credit card circulation increased 36.1% YoY to 31.03 million in Q2 2026, while total transaction value rose 6.8% YoY to HK$286.5 billion
The Hong Kong Monetary Authority (HKMA) today released statistics for payment cards issued in Hong Kong for the second quarter of 2026. The total number of credit cards in circulation reached 31.03 mi
-
High-end credit card market challenges banks with rising costs and retention issues; American Express and JPMorgan Chase raise annual fees
The high-end credit card market is facing persistent challenges including rising costs, intense competition, and customer retention issues. American Express recently raised its Platinum Card annual fe
-
Robinhood Wallet and Fomo app allow users to purchase memecoins with credit cards, with transactions categorized as "digital media" to circumvent crypto rules and earn rewards points. JPMorgan Chase has filed a complaint with Visa.
The Block's investigation reveals that Robinhood Wallet and Fomo app allow users to purchase memecoins like dogwifhat (WIF) with credit cards (via Apple Pay or Google Pay) through products from crypto
-
The Wall Street Journal: High-end credit card holders are finding it increasingly difficult for their cards to be worth the value, as rising annual fees exacerbate the "cat and mouse game" between credit card companies and customers over rewards.
The Wall Street Journal: High-end credit card holders are finding it increasingly difficult for their cards to be worth the value, as rising annual fees exacerbate the "cat and mouse game" between cre
-
US merchants increasingly rounding cash payments and adding credit card surcharges amid penny production halt and rising swipe fees
Following the U.S. Mint's halt of penny production last year, many merchants have started rounding cash transactions to the nearest nickel. States are enacting laws to govern this practice, and a fede
-
UK Credit Card Repayments Fall 2.4% in June, Balances Hit Record £1,975; Missed Payments Rise, FICO Warns
According to FICO's June 2026 figures, the proportion of balances repaid dropped 2.4% month-on-month to 33.3%, while the average active balance increased 1.4% to a record £1,975 ($2,693). Average card
-
Financial expert Vivian Tu advises investors to prioritize paying off high-interest credit card debt (20-30% APR) before investing, citing its cost often exceeds market gains.
Financial expert Vivian Tu advises investors to prioritize paying off high-interest credit card debt (20-30% APR) before investing, citing its cost often exceeds market gains. This advice is echoed by
-
Kraken-commissioned survey finds 63% of Americans feel financially behind, 47% see credit cards as only path to meaningful rewards
A national survey of 2,001 US adults, commissioned by Kraken and conducted by Morning Consult, revealed that nearly two-thirds of Americans believe they are falling behind financially compared to thei
-
Meredith Whitney says U.S. credit card balances are growing in line with inflation.
Meredith Whitney, CEO of Meredith Whitney Advisory Group, said in an interview with Bloomberg that U.S. consumers' credit card balances are growing in line with inflation. She also discussed the curre
-
Mastercard CEO: Credit Cards Will 'Prevail' in AI Shopping Era
Mastercard's CEO expressed confidence that credit cards will "prevail" in the new era of AI shopping. The company is actively positioning itself for "agentic commerce" as the payment technology landsc
-
Karta Completes $140 Million Series A Funding Round, Co-Led by Galaxy Ventures and CIM
Svmuu News: Karta announced the completion of a $140 million Series A funding round, co-led by Galaxy Ventures and CIM. Karta is a U.S. credit card product designed for global travelers that does not
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24H Trending
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1
BofA Estimates: AI Infrastructure May Require $1.2 Trillion in External Financing Over Next 5 Years, With Over $300 Billion in Annual Incremental Debt Supply
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XRP is testing the $1.50 resistance level, a key threshold that has capped its advances for roughly 230 days, with a break potentially leading to $1.80+
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JPMorgan CEO Dimon to Visit India This Week, Ramping Up Push for Deal Boom
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Novo Nordisk, the Danish pharmaceutical giant, saw its shares fall by 7% despite setting a $23 billion sales target for its weight-loss drug.
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Binance Stock Trading Platform Adds 25 New Stocks
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Seoul stocks rise 1.65% on chip gains despite Middle East tensions
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A Hong Kong hotel has been put up for sale by Nanyang Commercial Bank for HK$1.87 billion after being taken over, reflecting a trend of converting hotels into student dormitories.
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US equity futures rise, led by AI stocks; oil prices fall over 2% to around $101; US Treasury yields decline; US and Chinese officials discuss AI national security "notification mechanism."
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Morgan Stanley’s Wilson Says US Stocks Risk 7% Drop in Near Term
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Commodities trader Trafigura plans to float its supertanker arm Volare Shipping in Oslo, marking the business's first IPO
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