Qualified residents to begin receiving Hawaii Restaurant Card

… Development and Tourism (DBEDT), Chamber of Commerce Hawaii, Hawaii Restaurant Association and the Hawaii Agricultural Foundation.

The Hawaii Restaurant Card (HRC) will begin arriving in mailboxes of qualified residents this week, beginning Friday.

The HRC Program, funded via $75 million from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, provides residents who filed an initial claim for Unemployment Insurance benefits beginning March 1 or thereafter and continue to meet additional CARES Act fund eligibility requirements with a preloaded, prepaid debit Mastercard with $500 for use at restaurants, eating establishments, bakeries and food caterers throughout Hawaii.

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Qualified individuals will automatically receive the card and have through Dec. 15 to expend the funds. There is no sign up required. The use of the Hawaii Restaurant Card will not impact SNAP and Medicaid benefits or eligibility.

The HRC Program is a public-private partnership between the state Department of Business, Economic Development and Tourism (DBEDT), Chamber of Commerce Hawaii, Hawaii Restaurant Association and the Hawaii Agricultural Foundation. The state says the program will result in far reaching economic benefits beyond restaurants, including the restaurant industry supply chain, farmers, ranchers, fisherman, produce suppliers, supply companies and more.

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The card can be used statewide at restaurants, eateries, bakeries and food caterers that accept Debit Mastercard. The card can only be used for food and nonalcoholic beverage purchases and it will not be accepted at grocery or convenience stores or for grab-and-go prepared meals.

For more information, visit www.hawaiirestaurantcard.com.

4 Cards to Earn Miles Toward that 2021 Vacation

The card’s $95 annual fee also gets you a long list of travel protections that include trip cancellation/interruption insurance, primary rental car insurance, …

You could save over $1,000 with just one of these cards.

After a year filled with lockdowns and financial stress, 2020 has most of us itching to fly away from it all — and do it on a budget.

Luckily, airlines and airports have implemented a number of measures to make air travel safer in the age of COVID-19. American Airlines, United, JetBlue, Lufthansa, British Airways, and Hawaiian recently announced plans to offer pre-flight COVID-19 tests, and Tampa International Airport recently became the first airport to offer COVID-19 testing to all passengers.

As you open up to the idea of flying again, it’s worth saving travel rewards that can help you cover the cost. Here are four of the best travel credit cards that can help you earn up to $1,000 or more in travel rewards. You can fast-track that lavish 2021 vacation and stay under budget.

For a big sign-up bonus and trip insurance: Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® Card is widely recognized as a great starter card for anyone who wants to accumulate travel rewards. Now, a temporarily increased sign-up bonus has sweetened the pot: You’ll get 80,000 points if you spend $4,000 in three months. This is worth at least $1,000 in travel spending, making it one of the most lucrative cards out there right now.

You’ll earn double points on travel and dining. The card’s $95 annual fee also gets you a long list of travel protections that include trip cancellation/interruption insurance, primary rental car insurance, and baggage delay insurance.

For a versatile, everyday travel card: Capital One® Venture® Rewards Credit Card

If you prefer a flat-rate card that earns big on all your spending, the Capital One® Venture® Rewards Credit Card is a great choice. You’ll get 2 miles on all your purchases, regardless of spending category. This card has also temporarily increased its sign-up bonus. You’ll earn 100,000 bonus miles if you can spend $20,000 in the first year. Even if you can’t, you can still earn 50,000 bonus miles for spending $3,000 in the first three months.

The miles you earn with this card are extremely flexible. They aren’t worth quite as much as Chase Ultimate Rewards, but you can use Venture miles to “erase” any purchase that codes as travel at a rate of $0.01 per point. Travel can cover everything from airfare and hotels to your Airbnb, train ticket, or amusement park tickets. This makes your miles very easy to use, and the 100,000-point welcome bonus worth $1,000 in travel spending — which more than covers the $95 annual fee.

For airport lounge access and travel credits: Chase Sapphire Reserve®

The Chase Sapphire Reserve® is the older sibling of the Chase Sapphire Preferred® Card. This premium credit card is packed with perks and benefits that make travel cheaper, easier, and more luxurious. The sign-up bonus of 50,000 points if you spend $4,000 in three months is worth at least $750 in travel spending. You’ll also earn 3 points per $1 you spend on travel and dining.

It’s the bells and whistles that really make this card stand out. It comes with an annual travel credit of $300, complimentary airport lounge access, up to $120 in statement credits on DoorDash (a food delivery app) purchases, and some of the best travel insurance a credit card can offer. All of this can easily offset the $550 annual fee if you travel often.

For airline miles: Citi® / AAdvantage® Platinum Select® World Elite Mastercard®

If you fly regularly with American Airlines, check out the Citi® / AAdvantage® Platinum Select® World Elite Mastercard®. Right off the bat, you’ll earn 50,000 AAdvantage miles if you spend $2,500 in the first three months. You’ll also get 2 miles per $1 spent on restaurants, gas, and American Airlines. All in all, this is one of the best airline credit cards out there.

When you fly American Airlines, this card also gets you your first checked bag free on domestic itineraries, preferred boarding, and in-flight discounts. These benefits can easily offset the card’s $99 annual fee, which is waived for the first year.

1st Africa Data Protection Conclave set to hold October 15th and 16th

… has since January 2019 seen a meteoric rise in data protection compliance and active citizen participation in the protection of their personal data.

Standard Chartered in collaboration with Visa, has today launched a new ‘Safe is Smart’ campaign, aimed at encouraging the adoption of eCommerce solutions, as Nigeria journeys onto economic recovery.

This campaign will promote and educate consumers on smart ideas and e-payments solutions that will drive sustainability, survival and business recovery in the e-payments ecosystem.

Following the impact of the Covid-19 pandemic, the campaign also seeks to provide convenient and secure cashless payment alternatives through the Standard Chartered Visa Debit card, QR payment solutions and the Standard Chartered digital banking mobile app.

Commenting on the partnership, David Idoru Head of Retail Banking at Standard Chartered West Africa, noted that it is important to increase consumer awareness on the safety of cashless payments solutions. “eCcommerce transactions make a large percentage of consumer spend and we want to be able to support consumers through our digital solutions to help them make smart financial decisions especially during the Covid-19 period. Our retail banking business is heavily focused on championing a digitized payments revolution to provide convenience and access to our customers especially through our fully digital mobile app.

This partnership with Visa also further emphasizes our commitment to the financial wellbeing of our clients, as Standard Chartered Visa Card holders, will enjoy numerous benefits including points earned using our 360 rewards program and zero surcharges at the point of sales through the ‘Safe is Smart’ initiative, he added.

GTBank 728 x 90GTBank 728 x 90

“The reality of the Covid-19 pandemic has presented a new shift in consumer behavior and through our network, we want to ensure that consumers are embracing the most secure payment solutions. Data from our Covid-19 impact tracker reveal that digital payments are on the rise, as more people now choose digital payments over cash transactions. The survey revealed that 39% of consumers in Nigeria started purchasing groceries online, 42% started purchasing food delivery online, while 43% of consumers started purchasing from pharmacies online for the first time” says Kemi Okusanya, Vice President Visa West Africa.

“The next evolution of payments is going to be driven by collaborations with financial institutions like Standard Chartered Bank. In a time as critical as this, our goal is to continuously foster innovation driven by technology to meet consumers’ every day needs, while driving the economy to recovery through accelerated eCommerce transactions,” she added.

Standard Chartered and Visa has since the pandemic continued to roll out initiatives that will help consumers and merchants mitigate and drive progression towards economic recovery.

GTBank 728 x 90GTBank 728 x 90

About Standard Chartered

We are a leading international banking group, with a presence in 59 of the world’s most dynamic markets and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good. Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, https://www.visa.com.ng/ and @VisaAfrica.

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Corporate Communications Contact

Dayo Aderugbo

Head, Corporate Affairs, Brand and Marketing Standard Chartered Bank Nigeria

+ 234 802 931 4012

[email protected]

OR

Niyi Adebiyi

Corporate Communications

appapp

Visa Sub-Saharan Africa

Mob: +2348166109761

E-mail: [email protected]

Chase 5/24 Rule: What You Need To Know (2020)

This is a page that’s part of Credit Karma’s older interface that isn’t otherwise accessible off the main site anymore, and it’s also the only part of the site …
In the interest of full disclosure, OMAAT earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers (terms apply) that we have found for each product or service. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, hotel chain, or product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Please check out our advertiser policy for further details about our partners, and thanks for your support!The offer for the IHG® Rewards Club Premier Credit Card has expired. Learn more about the current offers here.

The major banks have all kinds of rules when it comes to approving people for credit cards. Probably the most well known of these rules — and also the most complicated to understand — is the Chase 5/24 rule.

In this post I wanted to take a closer look at how exactly this rule works, how you can check your 5/24 “status,” and the best strategy to take when applying for Chase cards in light of this.

You’ll want to understand the Chase 5/24 rule if you plan on applying for one of Chase’s popular cards, like the Chase Sapphire Preferred® Card or Ink Business Preferred® Credit Card.

In this post:

What is the Chase 5/24 rule?

The Chase 5/24 rule limits your ability to be approved for Chase credit cards, based on how many other cards you’ve applied for in the past two years. With the 5/24 rule, you typically won’t be approved for a Chase credit card if you’ve opened five or more new card accounts in the past 24 months.

Why does Chase have the 5/24 rule? Well, all credit card issuers have rules in place to attract new cardmembers. Given how generous sign-up bonuses are on many cards, they create certain rules and restrictions intended to encourage profitable consumer behavior.

While Chase has never publicly explained this, my assumption is that customers are more likely to be profitable if they fall under the 5/24 limit. Of course, there’s no perfect system, but it seems that Chase’s metrics suggest this is working, because the rule has been expanded significantly since it was first introduced several years ago.

Which cards are subjected to the Chase 5/24 rule?

Nowadays virtually all Chase cards are subjected to the 5/24 rule. When the Chase 5/24 rule was first introduced only certain cards were subjected to it, but in 2018 the rule was expanded to all Chase cards.

Some of Chase’s most popular personal credit cards (which are subjected to this rule) include the following:

Some of Chase’s most popular business credit cards (which are subjected to this rule) include the following:

Are business cards subjected to the Chase 5/24 rule?

This is a point that confuses people. As you understand by now, Chase’s 5/24 rule means that you won’t be approved for a Chase card if you’ve opened five or more new card accounts in the past 24 months.

There’s an exception, though — most business card applications (from Amex, Bank of America, Barclays, Chase, and Citi) don’t count towards the 5/24 limit. Why? Because business accounts opened with these issuers typically don’t show on your personal credit report.

However, if you want to be approved for a Chase business card, you’ll still need to be below the 5/24 limit, based on what’s counted.

To summarize:

  • Chase business cards are subjected to the 5/24 rule, meaning that you can’t be approved for them if five or more new card accounts show on your personal credit report in the past 24 months
  • When you do apply for a Chase business card, it won’t count as an additional card towards that limit (because it won’t show on your personal credit report)

In case that’s still confusing, let me give an example:

  • If you’re at 4/24 (based on four cards showing on your personal credit report) and you apply for a Chase business card, you’ll still be at 4/24
  • You could then apply for another Chase business card, and even if you’re approved for that, you’ll still be at 4/24
  • If you then apply for a Chase personal card, you’ll be at 5/24 (since the personal card shows on your personal credit report)

How do you check your Chase 5/24 status?

For some people it can be tough to determine if you’ve opened five or more new card accounts in the past 24 months. Furthermore, it’s not like Chase can tell you if you’re at the limit or not, given that the limit is based on your applications with all card issuers.

What’s the best way you can determine if you’ve surpassed the Chase 5/24 limit or not? My preferred way of looking it up is through Credit Karma. You can register for Credit Karma for free, which is an easy process.

You’ll just need to enter some personal information and then verify some security questions, all of which should take just a couple of minutes.

Once you’ve registered and are logged into your Credit Karma account, follow this link. This is a page that’s part of Credit Karma’s older interface that isn’t otherwise accessible off the main site anymore, and it’s also the only part of the site that will show you the accurate info you need.

This page will show your entire card history. On this page, click the “Open Date” button, which will sort all of these accounts based on when they were opened (if you push it twice you’ll see the most recent inquiries at the top, rather than at the bottom).

That will show you all the cards you’ve opened. For example, in my case, here are my most recent card openings:

  • I opened my most recent card on December 13, 2019
  • I opened my second most recent card on October 29, 2019
  • I opened my third most recent card on October 6, 2019
  • I opened my fourth most recent card on October 1, 2019
  • I opened my fifth most recent card on June 4, 2019

In other words, if I didn’t apply for any other cards, I would once again be under the 5/24 limit 24 months after June 4, 2019 (which puts me to June 2021).

It is worth noting that it can sometimes take a while for recent applications to show on your credit report, so if you’ve applied for a card in the past few weeks, it may not be on there yet.

Chase 5/24 rule FAQs

There are some further nuances when it comes to Chase’s 5/24 rule, so I think those are probably best addressed in the form of some frequently asked questions.

Are there exceptions to Chase’s 5/24 rule?

Nowadays there aren’t any major exceptions to Chase’s 5/24 rule. In the past being a Chase Private Client or getting a targeted offer was potentially a workaround, but that’s not the case anymore.

Do mortgages, loans, etc., count towards the 5/24 limit?

Chase’s 5/24 rule is based on having opened five or more new card accounts in the past 24 months. Other credit inquiries, including car loans, mortgages, etc., don’t count towards the 5/24 limit.

How long after falling under the 5/24 limit should you apply for a card?

I recommend waiting until the beginning of the following month after you fall under the 5/24 limit before applying for a card.

In other words, if your fifth most recent card application was on June 4, 2019 (as is the case for me), then 24 months from then would be June 4, 2021. However, I’d wait until July 1, 2021, to apply for a card, since often falling underneath the limit isn’t instant.

Does Amex have a 5/24 rule?

The 5/24 rule is specifically a Chase credit card approval guideline. Every card issuer has different restrictions on approving members for cards, though the 5/24 rule is only a factor when applying for Chase cards.

Does product changing a card affect the 5/24 limit?

There can be a lot of value to product changing or downgrading a credit card, since this allows you to preserve your credit history (which can be good for your credit score). If you do product change a credit card — whether a Chase card or not — does this count as a further card towards your 5/24 limit?

The answer is that it depends — if there’s a hard pull and/or your card number is changed, then it will typically appear on your credit report as a new account, and would count towards that limit. Meanwhile if there’s no hard pull and the card number stays the same, then generally it wouldn’t count as a card towards that limit.

Does being an authorized user on a card count towards the 5/24 limit?

If you’re the authorized user on someone else’s credit card, does that count towards the 5/24 limit? Unfortunately it usually does, at least in situations where you need to provide your social security number to be an authorized user. This can be a reason to minimize the number of cards on which you’re an authorized user.

Do charge cards count towards the 5/24 limit?

Yes, charge cards count towards the 5/24 limit, unless they’re business cards. For those of you not familiar with charge cards, some Amex cards are designated as such, and the distinction is that you have no set credit limit, and you have to pay your balance in full every month.

Since these cards still show on your personal credit report, they would count towards the Chase 5/24 limit.

Can you be added as a Chase authorized user if you’re over the 5/24 limit?

If you’re over the 5/24 limit you can still be added as an authorized user on someone else’s Chase cards. You just can’t outright be approved for your own Chase card.

What is the Chase 2/30 rule?

With Chase’s 2/30 rule, you will typically be approved for at most two personal Chase cards in a 30 day period (and you can typically be approved for at most one business card in that period). This is an additional restriction for Chase approvals, beyond the 5/24 rule.

Best Chase 5/24 credit card application strategy

With most questions about the Chase 5/24 rule (hopefully) answered, I wanted to provide some advice for the best approach to take towards credit card applications in light of this restriction.

Apply for Chase cards before other cards

While all major card issuers have application restrictions, Chase’s restrictions are the strictest when it comes to considering the cards you’ve applied for with other card issuers. As a result I’d recommend applying for Chase credit cards early on in your credit journey.

In other words, if you’re interested in cards from Amex, Chase, and Citi, pick up the Chase cards first.

Apply for Chase business cards before personal cards

If you’re interested in applying for both personal and business Chase cards, make sure you apply for business cards first. As explained above, while both personal and business Chase cards are subjected to the 5/24 rule, applying for a Chase business card doesn’t count as a further card towards that limit. That’s because a Chase business card won’t fully display on your personal credit report.

In other words, get the Ink Business Preferred® Credit Card before you get the Chase Sapphire Preferred® Card.

Apply for “hub” Chase cards first

There are so many great Chase cards, so it can be tough to choose which card to apply for first. You’ll want to be sure you get the “key” cards first, which can help you maximize the value of other cards, especially within the Ultimate Rewards ecosystem.

If you’re looking for a personal credit card strategy:

If you’re looking for a business credit card strategy:

Chase 5/24 rule bottom line

Chase has a lot of great travel rewards credit cards that are worth acquiring for anyone looking to maximize their credit card strategy. When it comes to being approved, the 5/24 rule is the most important restriction to understand. With this, you typically won’t be approved for Chase cards if you’ve opened five or more new card accounts in the past 24 months.

Hopefully the above answers any of the questions you may have about this rule, so that you can get the best Chase cards possible.

What has your experience been with the Chase 5/24 rule? Do you have any questions about the rule that I haven’t answered?

COVID-19 Impact : E-commerce Payment Market Advanced Technology and New Innovations by …

First Round Capital, Alipay, JCB, PayPal, Discover, Visa, China UnionPay, Tenpay, Jumia, American Express, Benchmark Capital, MasterCard, Accel.

The demand for e-commerce payment is largely influenced by a number of factors such as availability of several online payment options on e-commerce websites such as e-wallet, debit & credit cards, net banking etc.; increasing banking population worldwide; and rising smartphone adoption coupled with increasing internet penetration. Furthermore, the growth of cross-border e-commerce provides a potential opportunity for the e-commerce payment market.

E-commerce Payment Market report provides in-depth statistics and analysis available on the market status of the E-commerce Payment Manufacturers and is a valuable method of obtaining guidance and direction for companies and business enterprise insider considering the E-commerce Payment market. It contains the analysis of drivers, challenges, and restraints impacting the industry.

Major Key Players of the E-commerce Payment Market are:

First Round Capital, Alipay, JCB, PayPal, Discover, Visa, China UnionPay, Tenpay, Jumia, American Express, Benchmark Capital, MasterCard, Accel

Get sample copy of “E-commerce Payment Market” at: https://www.marketgrowthinsight.com/sample/83027

E-commerce Payment Market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the E-commerce Payment Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner E-commerce Payment Market revenue by understanding the strategic growth approaches.

Major Types of E-commerce Payment covered are:

Credit Card

Debit Card

Digital Payment/E-Wallet

Net Banking

Major Applications of E-commerce Payment covered are:

Fashion

Electronics & Media

Food & Personal Care

Furniture and Appliances

Service Industry

Others

Research objectives:-

– To study and analyze the global E-commerce Payment consumption (value & volume) by key regions/countries, product type and application, history data.

– To understand the structure of the E-commerce Payment market by identifying its various sub-segments.

– Focuses on the key global E-commerce Payment manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.

– To analyze the E-commerce Payment with respect to individual growth trends, future prospects, and their contribution to the total market.

– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

– The scope of this report centers on key market analyses, market drivers & challenges, and competitive analysis & trends. Research report examines each market and its applications, regulatory scenario, technological innovations, E-commerce Payment market projections, market sizes, and shares. Moreover, the E-commerce Payment market report examines the most recent trends, pipeline products and developments in the E-commerce Payment market. Complete profiles of leading organizations in the market are also mentioned in this report.

Go For Interesting Discount Here: https://www.marketgrowthinsight.com/discount/83027

Table of Content

1 Report Overview

1.1 Study Scope

1.2 Key Market Segments

1.3 Players Covered

1.4 Market Analysis by Type

1.5 Market by Application

1.6 Study Objectives

1.7 Years Considered

2 Global Growth Trends

2.1 E-commerce Payment Market Size

2.2 E-commerce Payment Growth Trends by Regions

2.3 Industry Trends

3 Market Share by Key Players

3.1 E-commerce Payment Market Size by Manufacturers

3.2 E-commerce Payment Key Players Head office and Area Served

3.3 Key Players E-commerce Payment Product/Solution/Service

3.4 Date of Enter into E-commerce Payment Market

3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product

4.1 Global E-commerce Payment Sales by Product

4.2 Global E-commerce Payment Revenue by Product

4.3 E-commerce Payment Price by Product

5 Breakdown Data by End User

5.1 Overview

5.2 Global E-commerce Payment Breakdown Data by End User

Have any query? Inquiry about report at: https://www.marketgrowthinsight.com/inquiry/83027

In the end, E-commerce Payment industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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Market Growth Insight 100% Subsidiary of Exltech Solutions India, is a one stop solution for market research reports in various business categories. We are serving 100+ clients with 30000+ diverse industry reports and our reports are developed to simplify strategic decision making, on the basis of comprehensive and in-depth significant information, established through wide ranging analysis and latest industry trends.

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