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Credit Card Spending

All articles tagged with #credit card spending

politics14 days ago•9 min saved

GOP gubernatorial hopeful Erin Stewart drops bid as new spending probe triggers investigations

Former New Britain mayor Erin Stewart suspended her campaign for Connecticut governor after a city-commissioned report detailed tens of thousands in personal charges on her city credit card, including clothing charged as office expenses and photos showing items identical to those billed. The report suggests potential campaign-finance violations and other legal issues, prompting referrals to state and federal authorities as the FBI and state police open investigations; the timing follows a GOP convention context with a $2.8 million public grant potentially at stake. Reimbursements cited in the report were minimal.

via Hartford Courant|

#campaign-finance #connecticut-politics #credit-card-spending

politics21 days ago•10 min saved

Colbert Claims Iran War Could Hit Trump’s Wallet and Reputation

Stephen Colbert argued on his show that a potential Iran war could financially and politically backfire on Donald Trump, citing warning signs from McDonald’s about supply-chain costs and mocking Kevin Hassett’s claim that rising credit-card spending signals a healthy economy; the piece promotes watching Colbert’s full monologue for the details.

via HuffPost|

#colbert #credit-card-spending #economy

finance2 years ago•1 min saved

"Amex Sees Surge in Cardholder Spending, Drives Q1 Revenue Growth"

American Express reported a first-quarter revenue increase of 11% year-on-year, driven by higher net interest income and increased Card Member spending, with EPS beating expectations. The company's FY24 outlook reiterated revenue growth of 9% – 11% and EPS of $12.65 – $13.15, despite mixed analyst opinions citing concerns about credit quality and growth deceleration. American Express stock gained 32% in the last 12 months, and investors can gain exposure to the stock via ETFs.

via Benzinga|

#american-express #credit-card-spending #finance

travel2 years ago•1 min saved

"United Airlines Enhances Frequent Flyer Program with Credit Card Spending Rewards"

United Airlines is adjusting its frequent flyer program to reward customers who spend more on co-branded Chase credit cards. Starting in 2024, customers will receive 25 qualifying points for every $500 spent, compared to the current rate of 500 points for every $12,000 spent. The airline will also remove caps on credit card spending that counts towards elite status. This move comes as airlines face the challenge of maintaining exclusive yet attainable programs amidst a surge in elite frequent flyers during the pandemic. Delta Air Lines also made changes to its program but later reversed some of them due to customer complaints.

via CNBC|

#credit-card-spending #elite-status #frequent-flyer-program