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.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
An Illinois jury ruled this week that several major egg producers conspired to limit the U.S.'s supply of eggs in order to raise prices in a case stemming from a federal lawsuit originally filed 12 years ago.
Consumers are expected to use “buy now, pay later” payment plans heavily this holiday season, a forecast that bodes well for retailers but that has credit experts again sounding alarm bells.
