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Are Rewards Debit Cards the New Credit Cards?

Are Rewards Debit Cards the New Credit Cards?

Debit cards that earn rewards were effectively obsolete thanks to a 2011 federal amendment limiting interchange fees. But recently, co-branded debit cards have begun to fill that void.That’s largely because smaller companies, often partnering with banks, have been...
What higher credit card spending means for the economy

What higher credit card spending means for the economy

​On Tuesday morning, three of the biggest banks in the country reported on the state of their finances: Bank of America, Citigroup, and JPMorgan Chase. One common theme in those quarterly reports? Consumers are reaching for their credit cards more. All three banks...
These $1,000+ Credit Card Offers Are Worth a Closer Look

These $1,000+ Credit Card Offers Are Worth a Closer Look

In recent years, credit card issuers have been growing their offerings with new and revamped credit cards, expanded travel partners and added benefits. This competition for your business is great news if you’re in the market for a new credit card.Right now, we’re in...
Best Savings Accounts for Kids and Teens in 2026

Best Savings Accounts for Kids and Teens in 2026

Research shows that kids’ financial habits are largely developed by age 7, so it’s critical to teach them to be smart about money early on.A savings account can help your young one understand the value of a dollar, learn about interest and APRs and develop good...

Consumer Banking: Statistics and Trends – ValuePenguin

Banks have long played a major part in our financial lives. They help consumers build wealth for the long term and provide credit for major purchases and projects. However, new technology is driving substantial change in the way people interact with the banking...
How a Store Credit Card Can Be a Bridge to the Banking System

How a Store Credit Card Can Be a Bridge to the Banking System

From airlines to clothing stores, all kinds of retailers partner with lenders to offer co-branded credit cards that come with perks like discounts or reward points. The upside of these partnerships is obvious: the lender gets a new credit customer, and the retailer...