This week’s (un)lucky number is: 1 percent
That’s the base amount you’re likely to earn on a cash back card. But if you work really hard, put good vibes out into the universe (and maybe sprinkle a little fairy dust on that checking account you just opened), you can double that amount. But that’s a big if. See what other factors to consider in your hunt for free money in our cash back card survey.
These are the things to look forward to this week.
Moving on up: It’s officially the time to ask yourself, “Why do I always move in the summer?” while trying to keep your sweaty grip on a box full of your great grandmother’s fine china. One thing you won’t regret during your move is making sure you are getting points on every trip to get yet another 1o boxes. While you’re unpacking boxes and trying to figure out where to put that weird sculpture of some sort of very sick and disturbed embryo (🤔) that your spouse keeps for some reason, maybe think about keeping that credit score high. Here are some more reasons that you should keep that credit score up, even though you finally closed on your house.
Rate of change: Um, just a friendly head’s up — you’re about to get pegged with higher interest rates on your credit cards. You should have been paying attention last week when the Fed raised rates. But if this is catching you off guard, don’t fret. We’ve got a handy guide to help answer your question of when that will impact your credit card interest rates here.
What you might have missed last week.
We’re all Amazons now: No, not that kind of Amazon. The online shopping behemoth kind. While everyone was screaming about our Amazon overlords buying up all the precious, overpriced organic food (and maybe, in turn, CreditCards.com’s hometown), we were thinking about what to do with their strange, new debit card rewards program.
It’s a rap: Dee-1, who shares a hometown with Lil’ Wayne, is decidedly not Tunechi. Instead, this NOLA native raps about his ’98 Honda, as opposed to Weezy’s Cadillac and Bentley (and apparently a lot of other cars). He’s in it for the financial literacy of it all.
Tangled in the web
Here are things from around the internet that the CreditCards.com staff are reading.
Capital One is still building those weird coffee shop/bank Frankensteins. -Eater
I wouldn’t trust anyone at Chase with surgery (even if it is on their credit cards division) but to each their own. -Reuters
Yet another article diving into how terrifying the culture was (is?) at Wells Fargo. -Vanity Fair
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