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Uber Credit Card Ditches 4% on Dining in Major Shake Up

The Uber Visa card from Barclays used to be the best cash back card for restaurant purchases, earning 4% back per dollar spent. It famously beat the Capital One Savor, which was supposed to be the best cash back card for foodies, but only earnt 3% cash back at restaurants. Competition was so fierce that Capital One felt they needed to introduce another version of the Savor that did earn 4% at restaurants, but it still didn’t beat Uber since it had an annual fee, where as the Uber card doesn’t. Well that time has come to an end….

How to Downgrade Chase Cards to Save Annual Fees

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Visa and Mastercard Settle $6.2 Billion Lawsuit

Credit Card networks Visa and Mastercard have settled a lawsuit that alleges the two companies violated antitrust laws by fixing prices, specifically the fee a merchant pays when a credit card is swiped. This alleged price fixing benefitted the banks that issue credit cards in partnership with Visa and Mastercard at the expense of merchants.