Birch Finance suggests the best credit card for you based off of your spending habits. 2017 saw a lot of new card offerings and deals, but Birch Finance believes the deals are only going to get better in 2018.
Alex Cohen is the CEO of Birch Finance and he joins Cheddar to explain the credit card trends of 2017. The Chase Sapphire Reserve card went viral but also experienced high churn. Uber also launched a credit card that is potentially the best no-fee, cash back card on the market. Cohen believes Lyft might also launch their own credit card to dive into loyalty. He could imagine Air BnB also launching a credit card to expand their offerings.
For 2018, Cohen thinks businesses will launch credit cards that are focused on the millennial shopper. He also anticipates trends toward more co-branded cards and even more competitive premium cards.
Former Cisco Systems CEO John Chambers learned all about technology’s volatile highs and lows as a veteran of the internet’s early boom days during the late 1990s and the ensuing meltdown that followed the mania. And now he is seeing potential signs of the cycle repeating with another transformative technology in artificial intelligence. Chambers is trying take some of the lessons he learned while riding a wave that turned Cisco into the world's most valuable company in 2000 before a crash hammered its stock price and apply them as an investor in AI startups. He recently discussed AI's promise and perils during an interview with The Associated Press.
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