General Rewards Credit Card News

General Rewards Credit Card News

With Q2 of 2013 still fresh, we decided to give you a quick rundown of the new cash back categories being offered by our favorite cash back cards. And if you don't have one of the following credit cards but would love to carry one in your wallet, follow the links below to find out more details on the card of your choice.

Chase Freedom

The settlement between merchant groups and both Visa and MasterCard will likely have a significant impact on the latter two companies' bottom lines in the near future, and some feared that they and many lenders would try to mitigate the effects by fundamentally altering credit card rewards programs, according to a report from the Wall Street Journal.

Retailers are now recognizing consumers' changing credit card borrowing habits and trying to entice them into spending more on their branded accounts by giving a larger number of more valuable perks to borrowers, according to Consumer Reports Money Adviser. Among the myriad benefits many national retail chains are now offering for their store-branded cards, the most popular seem to be cash back rewards and special sales open only to cardholders.

Consumers' attitudes toward credit card use changed dramatically during the recent recession and though many card issuers are now sending out offers, even those that are being accepted may not be as profitable as they once were, according to a report from the Wall Street Journal. In many cases, affluent consumers may be spending more on their cards than they were in the past, but they may not be carrying the balances they used to as a means of keeping their debt payments down.