A recent report from Visa shows that consumers are using more debit…
Will Consumers Abandon Credit Cards in Favor of Debit Cards? A Visa Executive Says Yes
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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….
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.
