Tag: Yahoo Finance

US consumers took it easy on their credit cards in November

U.S. consumers slowed their borrowing in November, mainly by piling up less credit card debt. The Federal Reserve said Wednesday that consumer credit rose by a seasonally adjusted $12.5 billion in November, down from a gain of $19 billion in October. The sharp slowdown reflected a $2.5 billion decline in borrowing in the category that covers credit cards that followed a strong gain of $7.9 billion in October....

Lyft and Chase to offer credit card ride-hailing rewards

The announcement comes after Lyft's management in October said it planned to expand its partnership with corporations to incentivize business travelers who outspend other riders. Lyft and its larger rival Uber Technologies Inc have struggled to convince investors they can turn a profit, with Lyft's share price falling more than 30% since going public in March. Under the new offer, launching on Jan 13, members of Chase's Sapphire Reserve credit card will earn 10 rewards point on every dollar they spend on Lyft rides....