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BJ’s On The Block, Amex’s Millennial Problem And Another Big Breach

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The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. and yes, this looks like card data breach. For a time, it seemed as though the brand might be going public, but plans have apparently changed in light of the changing state of brick-and-mortar retail in the U.S.

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Chase Sapphire Card Holders Get 100,000 Rewards Points When They Open A Mortgage

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JPMorgan Chase is intensifying its rewards points battle with American Express by offering 100,000 Chase Ultimate Rewards points for its Sapphire, Sapphire Preferred and Sapphire Reserve credit card holders that open a mortgage with the company. Earlier this week Chase announced the new offer , which will run through August 6.

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Costco Rounds Out 2016 With Sharp Sales

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Membership-only warehouse club Costco rounded out 2016 with a bang. Both millennials and Gen Z shoppers, no longer tagging along with mom, have been popping into stores to get their own membership cards. As a result, according to Costco executives, the average age of the card-carrying member has dropped by at least two years.

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‘Buy Now, Pay Later’ Soars On Debit’s Charm

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“Post-2009, millennials demonstrated a clear aversion to financial risk, especially for lifestyle purchases, resulting in a tangible shift away from credit cards. Consumers are reaching for their debit cards and avoiding expensive credit card interest and fees,” Molnar said. Retail Response Requested.

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Free Trading App Robinhood Sets Sights On Britain

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Robinhood , the investment app that upended its market by elimination of commissions on stock trades is bringing its brand of disruption to the United Kingdom. It chiefly attracts millennials interested in trading stocks and cryptocurrency. In the United States, by 2016, it grew to 1 million subscribers and 6 million by October 2018.

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Afterpay Announces Nationwide Adoption By Major Retailers

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Shoppers can use Afterpay to buy items in select retail stores using their Afterpay card, a virtual, contactless card stored in their digital wallet,” the firm said in a Tuesday (Oct. There are real opportunities for those brands that deeply understand their consumer.”. 13) press release. And there’s a huge opportunity.

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Faster Cash Back, Happier Customers?

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Several major banks and FIs — including Bank of America, Discover and Wells Fargo, among others — offer cash back rewards on their credit card products to entice customers and encourage brand loyalty. Despite incentives, a new study found debit cards appear to be more popular than credit cards, especially among younger customers.