Barclaycard’s Post

This is revealing and underscores the importance of tailoring rewards for younger segments. - Credit card rewards have cross-generational popularity. More than 80% of credit cardholders receive reward offers and, 72% of those rewards get used within 90 days. - But consumers want more than #cashback rewards to include “free shipping” and “pay with reward points”. These preferences are changing across all segments. - Gen Z consumers think a little more out of the box when it comes to identifying their wish list of rewards - Subscriptions, flash sales , ticket access and referrals Source: https://lnkd.in/gsXU78gf #creditrewards #genz #cashback #creditcards

If your credit card doesn't earn you points, you are paying for everyone else's rewards. Every year, $15 billion flows in the US to cardholders who choose the right cards and use them well, from those who don't. 🛍 Merchants pay interchange to banks every time they accept a credit card. 💳 Banks use the interchange income to fund rewards to their cardholders. 🌴 Participating cardholders get to fly on a fun holiday, courtesy of their fellow cardholders. This is the 'Reverse Robin Hood' effect. But framing it as 'the poor are subsiding the rich' doesn't paint the full picture. A recent study showed that 'financial sophistication' is a key driver of the redistribution. People choosing cards that aren't right for them, paying high fees and interest, are subsidising cardholders that earn rewards and pay off their balances in full. Get a card that earns you points, but more importantly, ensure you are on the receiving end of the $15 billion value stream.

💳 “Top of wallet” is a coveted position for issuers. It means cardholders choose to use one of their bank cards as their go-to payment method — rewarding the issuer with significant lifetime value. As we head into the busy holiday sales season, issuers are wise to consider how they can maintain or win this coveted position. Read three key ways to become the go-to payment option for consumers. https://bit.ly/4dFaygL #TopOfWallet #CustomerLoyalty #CustomerExperience #DigitalPayments

🔍 Does Your Credit Card Processor Reward Your Loyalty? Probably not! Most providers don’t automatically adjust your rates to keep you competitive. That’s where MCC comes in. We negotiate with your existing processor to get you the best rates possible—without you having to change providers. #NegotiateBetterRates #CreditCardFees #MerchantCostConsulting

Good News for Credit Cardholders 💳💥GFF 2024 #creditcard #shorts #shortvideo #viralvideo #viralshorts Get exclusive live updates on Mastercard's top benefits and features for credit cardholders. Don't miss out – follow 'Card Academy' on YouTube and Instagram for all the latest insights!

Too. Much. POWER! Remember... credit cards do NOT have to be something bad, IF you pay them off at the end of every month. This means you can benefit from cashback, the rewards program and an increase in your credit score, without the costly interest payments 🙌 #smartfinance #moneysaving #budgeting101 #budgetingforbeginners #moneygoals #savingstips #personalfinancetips

Credit Card Swipe Fees to be capped? This is a constant strain on #SmallBusiness What do you do to minimize the fees? This cap would be welcome news. Great article from Bloomberg #CreditCard Why Credit-Card Swipe Fees Are So Hotly Contested https://lnkd.in/eUsb3grS

We released this last week and it's been a hit! Kipp - Authorize More's comparative guide of the top 24 US debit card issuers. Following the CFPB’s proposal to cap overdraft fees - we know that card issuers are looking for creative ways to find new revenue streams. Key takeaways: ✅Some banks will hit cardholders with multiple fees a day for trying to spend over their balance ✅ CFPB proposals for 2025 will see overdraft fees capped from approx. $30 to closer to $3 - issuers are about to lose a revenue stream and are seeking ways to replace the revenue ✅ Many of the fintechs have moved away from overdraft fees altogether - with some offering fee-free overdrafts up to $200 Link to the full guide here: https://lnkd.in/gUAS3n-S

No cancellation fees, so you can try them out. Next-day settlement, so you could get your money sooner.* Leading payment solutions, so you can take payments quickly and securely both in person and online. With our partner Barclaycard Payments, you get peace of mind from knowing that however your customers pay, whether it’s by card or digital wallet, in pounds or in over 50 currencies, their payment will be taken smoothly and reliably. Plus you could save money with our discounted rates. Learn more by calling our team on 0345 300 9027. 📞 *The partners may receive commission from each other. Please check the merchant's terms and conditions at https://zurl.co/PQHQ. Subject to application, financial circumstances and borrowing history. To receive next-day settlement, transactions need to be taken before 9pm. T&Cs apply.

"WHERE DID THE CREDIT CARD COME FROM" - ? Once upon a time, in the early 1900s, people shopped on credit by simply promising to pay later at their favorite stores. But in 1950, Frank McNamara had a brilliant idea during a meal. Forgetting his wallet, he imagined a card that could pay the bill at any restaurant, leading to the birth of the **Diners Club** card, the world’s first credit card.In 1958, **Bank of America** launched the **BankAmericard**, allowing people to borrow money and pay back later, not just for meals, but for anything! This card later became **Visa**. Soon after, **Master Charge** (now MasterCard) appeared, offering a new option.By the 1980s, credit cards had spread across the globe, making shopping easier and more convenient than ever. Now, people could travel, dine, and shop using just one little card, changing the way the world paid for things forever.#finance  #creditcard #bank