Power Emerges from Stealth Mode with $16.1 Million Round

When a FinTech startup begins its life, it's fairly common for it to go under the radar. In fact, some companies seem to prefer this, opting to stay in "stealth mode" until the time is right — such as announcing a product launch or fundraising. That's the case with a FinTech startup called Power, which is now letting the world know about its service. This week, Power announced its exit...

American Consumers Added $67.1 Billion to Credit Card Debt in Q2

As 2022 rolls on, American consumers are now piling on more credit card debt. According to the latest Credit Card Debt Study from WalletHub, credit card debt among U.S. adults increased by $67.1 billion during the second quarter of 2022. That marks the largest increase seen during a Q2 and is 50% higher than the $44.9 billion in debt consumers added in Q2 2021. Furthermore, the site notes that the...

Money at 30: Why Budget Hotels May Save You More Than You Think

When it comes to travel accommodations, I'm typically of two dueling mindsets. On the one hand, I don't feel a need to stay at the most luxurious properties in many cases — especially if I don't plan on staying in the room for all that long. Yet, I've often turned up my nose at traditional budget-friendly hotel and motel brands while on the road for one reason or another. However,...

Mercury Debuts IO Company Card for Startups

A FinTech banking platform meant to help startups manage their money as they scale is getting into the credit card game. This week, Mercy announced the launch of the IO card. Issued by Patriot Bank, the card carries no annual fee and has 30-day repayment terms. The IO card earns 1.5% cashback on all purchases, including international transactions. Earned cashback is then automatically deposited when all settled transactions are paid...

Chase Sapphire Preferred Credit Card Review

Ever since my financial awakening and my decision to start using credit cards again, an obvious trend has developed. You see, anytime I get a new card and say to myself (and to my wife), "I think we're all set now," I inevitably find another card that tempts me with its rewards.  That's what happened with the Chase Sapphire Preferred — except that it wasn't the card's primary rewards that...

Robinhood Debuts "Investor Index" with App's Most-Owned Stocks

Since the brokerage app Robinhood launched in 2015, its seen more than its fair share of media attention. In addition to high-profile coverage of the company's own missteps, there's also been plenty of focus on what types of investments the app's users are pouring their money into. Now, Robinhood has announced the launch of its Investor Index that will provide a bit more insight on that topic. The new Investor...

American Express Introduces Amex Round-Up Charity Feature

A major credit card issuer will soon offer cardholders an easy way to increase their charitable giving. American Express has announced the launch of Amex Round-Up — a service that will enable cardholders to round-up their purchases and donate the change to the charity of their choice. The new feature will be rolling out to select U.S personal Card Members "in the coming weeks." At this time, only Primary Card...

Ibotta App Review (2022)

I remember the first time I was introduced to the concept of digital coupons. For some reason, I was looking at the website for my local grocery store when I found a section dedicated to coupons. At the time I was confused about how you redeemed these coupons since they weren't in the typical print-and-clip format but, soon enough, I realized that I just needed to link them to my...