Citibank customers can now use Facebook to pool their rewards points online.Citibank Tuesday launched a Facebook application “Thanks You Point Sharing” that lets users team up to use their points, whether it’s for charity, a group gift or a personal goal.
Once customers have downloaded the app and connected their account, they can start a rewards pool with others.
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There is a strong correlation between the rise in the average credit card interest rates and the renewed interest of card issuers toward sub-prime borrowers. As creditcards.com's report shows, sub-prime credit cards (the "bad credit" category) come with much higher APRs, so the more such cards are issued, the higher the overall average. Moreover, only one other category - "instant approval" - has registered an increase in the average APR over the past six months and it is comprised entirely of prepaid cards - an exclusive domain of sub-prime borrowers.
ReplyDeleteSo yes, the rise in the national credit card APR average in the past six months to a year is caused almost entirely by the rise of sub-prime. http://blog.unibulmerchantservices.com/why-are-credit-card-interest-rates-at-record-highs