Weekend Credit Report: Social Media Sweetens Deals as... - Promotions News


Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Promotions » Weekend Credit Report: Social Media Sweetens Deals as More People Clock in at New Jobs

Weekend Credit Report: Social Media Sweetens Deals as More People Clock in at New Jobs

This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Citi.

March got off to an encouraging start this week: there was good news from the jobs sector and a couple of exciting new credit card partnerships and programs were announced.

Credit-Land.com reports that the current average interest rate on purchases is sitting at a 14.97% APR while the average rate for balance transfers remains the same as last week`s 12.5% APR, and the dollar rose in value against the yen and the euro.

The Labor Department confirms that employment rose steadily for the third month in a row, with227,000 jobs added during the month of February. The unemployment rate is now at a three-year low of 8.3%, with more Americans returning to the workforce – a welcome sign that the economy is in recovery, despite Federal Reserve Chairman Bernanke warning last week that the labor market is still “far from normal.”

A new credit card from Barclaycard – the Ring MasterCard – was announced and heralded as the first “crowdsourced” credit card; Credit-Land.com covered the story. The Ring card features no annual fee and carries no fees for balance transfers. It won`t penalize late payments with a higher rate and will give all cardholders a flat interest rate of 8% –  significantly lower than the national average. The Ring MasterCard doesn`t offer any rewards programs, instead giving cardholders an opportunity to participate in discussions about card policies in an online forum.

Two exciting partnerships were announced this week – the first between Barclaycard and Apple, offering 0% interest financing for 6-12 months on Apple purchases, including the new iPad, which is now available for preorder and appears in stores March 16. The move may push more customers to purchase the latest iPad, since they can stretch their purchase over 6 interest-free months. A buyer of a no-frills iPad will pay only $85 a month for 6 months, instead of forking over $499 all at once.

The second interesting partnership is between American Express and social media giant Twitter, as AMEX hopes that Twitterers will tweet for their rewards. Twitter users who are also AMEX cardholders will be able to get discounts by using certain hashtags to label their tweets and tweeting about deals to their followers.

Terms of the partnership were not disclosed, but the rewards are expected to be of the “Buy $50 worth of items, get $10 back” variety, according to AMEX vice-chairman Ed Gilligan. Partnering merchants who had signed up as of Tuesday`s launch included Best Buy, Dell, McDonald`s, Ticketmaster and Whole Foods.

As social media continues to revolutionize the way the world, and credit card companies, do business, and the economic picture continues to brighten, springtime is indeed right around the corner. Will March winds blow in April showers and follow up with May flowers? Time will tell, but the future sure looks bright from here.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

You May Soon Be Able to Freeze Your Credit for Free

Posted: March 21, 2018

When a data breach hits the news, it can make you worry about the state of your credit data. You may even consider freezing your credit so that hackers can't open any new cards or mortgages in your name. But the downside is that it can ... Continue reading
PayPal as a New Rewards Category for Chase Freedom

Posted: March 20, 2018

PayPal is the newest bonus category for Chase Freedom, earning cardholders 5 percent cash back starting in April and going through June 2018. During that time, they will also earn 5 percent back when using Chase Pay and when shopping for ... Continue reading
Early Tickets for Jay-Z and Beyoncé Tour For Citi Cardholders

Posted: March 19, 2018

If you are a fan of Jay-Z and Beyoncé and you are a Citi cardholder, you might want to head over to the Citi Private Pass website to score early tickets for their OTR II stadium tour, starting in the U.K. and ending in North America. Citi ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
For Excellent, Good Credit
Enjoy peace of mind with $0 Fraud Liability
For Fair Credit