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

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many 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

Add to Favorites:

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.

Add to Favorites:

Related News:

Fewer Millennials Paying Attention to Finances

Posted: August 21, 2017

In 2015 more than half of Millennials were thinking about how to turn their financial goals into a reality, but in 2016 that number dropped to 37%, according to Navy Federal's 2017 Millennials and Their Money study. They also found that ... Continue reading
Debt Could Put a Damper on Romance

Posted: August 18, 2017

Does credit health factor into romance? The answer is yes, according to the new Chase Slate 2017 Credit Outlook survey. Carrying a lot of debt could be a deal breaker for some people, with 37% saying that it could make them think less of a ... Continue reading
Voting for Discover it Student Card Design

Posted: August 17, 2017

Discover is asking college students to weigh in on the new design for their Discover it Student Card, so from now until September 21, they can vote on their favorite design on Discover's website. To get the word out, they are running a ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Match Mile For Mile: 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 in rotating categories each quarter like gas stations, Amazon.com, restaurants, wholesale clubs and more, up to the quarterly maximum each time you activate. Plus, 1% cash back on all other purchases.
For Excellent, Good Credit
Receive 1% cash back on eligible purchases, terms apply
For Fair Credit