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DBS Hong Kong to launch DBS Vantage Card, Hong Kong's first Visa Infinite Privilege Card
DBS Hong Kong is set to publicly launch its new DBS Vantage Card in December 2026, which will be the first Visa Infinite Privilege Card in Hong Kong. The card aims to enhance affluent banking by integ
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Trump backs credit-card bill feared by banks
The bill could upend the system that moves billions of dollars in fees that merchants hate and banks use to power rewards, according to WSJ Markets.
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Gnosis Pay Sets Dec. 20 Card Shutdown as It Shifts to B2B
Gnosis Pay Sets Dec. 20 Card Shutdown as It Shifts to B2B. Funds in users’ Safes will remain accessible after the cutoff, but continued card spending will require a partner account and a replacement c
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JPMorgan Chase is exploring partnerships with private credit firms to underwrite rejected applications for its co-branded credit cards.
This move, aimed at involving private credit firms in JPMorgan Chase's credit card business, has attracted widespread attention in the industry.
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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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DBS Hong Kong to launch DBS Vantage Card, Hong Kong's first Visa Infinite Privilege Card
DBS Hong Kong is set to publicly launch its new DBS Vantage Card in December 2026, which will be the first Visa Infinite Privilege Card in Hong Kong. The card aims to enhance affluent banking by integ
-
Trump backs credit-card bill feared by banks
The bill could upend the system that moves billions of dollars in fees that merchants hate and banks use to power rewards, according to WSJ Markets.
-
Gnosis Pay Sets Dec. 20 Card Shutdown as It Shifts to B2B
Gnosis Pay Sets Dec. 20 Card Shutdown as It Shifts to B2B. Funds in users’ Safes will remain accessible after the cutoff, but continued card spending will require a partner account and a replacement c
-
JPMorgan Chase is exploring partnerships with private credit firms to underwrite rejected applications for its co-branded credit cards.
This move, aimed at involving private credit firms in JPMorgan Chase's credit card business, has attracted widespread attention in the industry.
-
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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