Capital One and Synchrony are evolving their credit card strategies by looking beyond traditional credit scores to include spending behavior and credit use patterns. They are differentiating more finely within credit tiers, growing new accounts, and using multiple card products like private-label and co-branded cards to better match consumer credit profiles and spending habits. Digital app engagement is also key, influencing card usage and spending after approval. This shift reflects a more segmented and precise approach to consumer credit, aiming to boost both account acquisition and active card usage.
Capital One has completed moving its debit cards to the Discover network and is now testing the migration of its credit cards to the same network. The company reported a 26% year-over-year increase in credit card purchase volume, reaching $253.8 bill...
The Trump family has refiled a lawsuit against Capital One, alleging the bank closed hundreds of accounts linked to them for political reasons after the January 6, 2021 Capitol attack. The new complaint, submitted by Eric Trump on behalf of The Donal...
Wall Street is preparing for a volatile week with major earnings reports from Big Tech companies like Alphabet and Tesla, which are seen as key tests for the AI-driven market rally. Over 70 S&P 500 companies, including IBM, Intel, and American Expres...
David H. Lerner remains optimistic about the stock market, focusing on aerospace, defense, biotech, AI, and semiconductors like Micron and Nvidia, which he views as undervalued despite recent sector sell-offs. He highlights supportive factors such as...
The Capital One Spark Cash business credit card is offering a limited-time bonus of $1,000 cash back plus a $250 travel credit when you spend $10,000 within the first 3 months. This bonus, combined with the card's unlimited 2% cash back on all purcha...
