Blog Campcee Thu, 22 Jul 2021 00:35:08 +0000 en-US hourly 1 Blog Campcee 32 32 FHLB Dallas and Hancock Whitney Award $ 14,000 to Gulf Coast Housing Initiative Thu, 22 Jul 2021 00:11:00 +0000

GULFPORT, Miss – (COMMERCIAL THREAD) – Hancock Whitney and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded $ 14,000 in Partnership Grant Program (PGP) funds to Gulf Coast Housing Initiative (GCHI), which is developing affordable housing in Gulfport, Mississippi.

PGP grants help qualified nonprofit organizations fund a variety of operational and administrative activities that are essential to serve their communities.

GCHI recently completed a home refurbishment in the Gaston Point community of Gulfport, where it acquired and remodeled a home that was sold to a buyer enrolled in the Section 8 Property Voucher program. He also has two more under construction in another Gulfport community that are nearing completion.

Everett Lewis, executive director of GCHI, said the nonprofit planned to use part of the PGP funding to hire, under contract, someone to provide community liaison services. It will use the remaining funds for operational and administrative services, including survey costs and architectural costs.

“We want to provide individuals and families with the opportunity to live in affordable and safe housing,” said Lewis. “So many people struggle to find and maintain affordable housing, and we want to help them ease that burden. ”

Hancock Whitney, senior vice president and director of community development, Anthony Montgomery, said the bank supports the mission of the Gulf Coast Housing Initiative.

“Its mission of stable and affordable housing is more critical than ever in the current context of rising house prices,” said Mr. Montgomery.

For 2021, FHLB Dallas has awarded $ 400,000 in PGP grants, and its members have provided an additional $ 200,250 for an impact of more than $ 600,000 in its five-state district of Arkansas, Louisiana, Mississippi, from New Mexico and Texas.

FHLB Dallas Senior Vice President and Director of Community Investment Greg Hettrick said the PGP is good for all parties involved.

“The FHLB Dallas 3-1 game highlights the partnership aspect of the program, which makes it particularly beneficial at different levels,” said Hettrick. “Hancock Whitney has the opportunity to strengthen his bond with the community, while the community can benefit from the partnership and the funds. ”

About Hancock Whitney

Since the late 1800s, Hancock Whitney has embodied the core values ​​of honor and integrity, strength and stability, commitment to service, teamwork and personal responsibility. Hancock Whitney’s offices and financial centers in Mississippi, Alabama, Florida, Louisiana and Texas offer comprehensive financial products and services, including traditional and online banking; commercial and small business banking services; private banking; trust and investment services; health care bank; certain insurance services; and mortgage services. The company also operates a loan production office in Nashville, Tennessee. BauerFinancial, Inc., the nation’s leading independent bank rating and analysis firm, consistently recommends Hancock Whitney as one of the most financially sound banks in the United States. More information is available at

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system established by Congress in 1932. FHLB Dallas, with total assets of $ 61.1 billion as of March 31, 2021, is a co-operative owned by its members which supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information visit our website at

]]> 0 Service Credit Union named to Forbes 2021 list of top countries Wed, 21 Jul 2021 21:50:00 +0000

PORTSMOUTH, NH, July 21, 2021 / PRNewswire / – Service Credit Union was named to Forbes 2021 list of top credit unions in the country.

Service Credit Union / (PRNewsfoto / Service Credit Union)

We pride ourselves on providing our members with services that help them achieve their goals and improve their financial well-being.

Forbes partnered with market research firm Statista to produce the fourth annual list. Almost 25,000 customers in the United States were surveyed for their views on their current and past banking relationships.

To make the list, financial institutions were rated on overall recommendations and satisfaction, as well as factors such as trust, terms and conditions, branch services, digital services, and financial advice. Of the 5,068 credit unions nationwide, only 3.6% were on the list.

Service Credit Union was founded in New Hampshire in 1957, and is currently the largest credit union in the state, with 35 branches and 50 branches worldwide.

“We pride ourselves on providing our members with financial services that help them achieve their goals and improve their overall financial well-being. Thank you to our members for helping us achieve this recognition, ”said Wendy beswick, VP-Marketing at Service Credit Union.

View Forbes’ full list here.

About Service Credit Union

Service Credit Union is dedicated to providing a banking experience that improves the lives of our members, as well as the communities in which they live. We serve our members all over the world, including in-person service at 50 branches in New Hampshire, Massachusetts, North Dakota and Germany. For more information visit Follow us on Twitter at @ServiceCU, Instagram at @ServiceCreditUnion, and Facebook at



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Credit cards fall out of favor with young Americans Wed, 21 Jul 2021 21:19:29 +0000

The use of credit cards could fall out of favor with American consumers, suggest the results of a new survey by Fintech GoCardless.

Three in four respondents (76%) would like to reduce their use of credit cards while 77% prefer debit cards to credit cards. These trends are even more pronounced among younger people, with 84% of people aged 18 to 40 wanting to reduce their use of credit cards and 87 to 89% preferring debit to credit. While 70% overall prefer interest-free installment providers over credit cards, that number doubles, from 43% of those aged 57 and over to 87% of those aged 18-40.

Most Americans (63%) said they were less likely to use credit cards now than they were before the pandemic began. This rate rises to 74% for 25-40 year olds and 76% for 18-24 year olds.

The most common reasons for avoiding credit are fear of debt, fear of inability to pay monthly balances, and worries about even being able to pay the minimum payment.

“The pandemic has put people in difficult financial positions, and this has probably accelerated the abandonment of credit cards. But it’s part of a larger trend, especially among young Americans, ”said Hiroki takeuchi, co-founder and CEO of GoCardless. “Alternative payment methods such as buy now pay later are booming, and Americans are also discovering the benefits of account-to-account payments such as ACH bit rate, which have been popular in other parts of the world for years. Although they have dominated the United States for decades, it is clear that a seismic shift has begun and that credit cards will be obsolete in a generation or two.

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How to save big on college textbooks this year Wed, 21 Jul 2021 13:46:00 +0000

The university has become more and more expensive over the years, and the problem only seems to get worse. Not only do students have to cover the rising cost of tuition and fees, but there are also personal expenses, transportation, and room and meals to pay – often with the help of student loans.

Unfortunately, students often forget to plan for the cost of books and supplies, which can add up quickly. According to figures from CollegeBoard, students should expect to spend about $ 1,298 per year on textbook supplies while attending public four-year schools. Considering that tuition and average fees at four-year colleges currently stand at $ 10,560 for the 2020-21 school year, that’s over 10% of additional university fees that few people know how to predict.

Fortunately, you have some control over the price you pay for college textbooks, as well as other types of supplies you need for school. Saving money on college textbooks requires early planning and compromise, but the effort will be worth it.

Here are some of the best ways to save money on textbooks for the 2021-22 school year:

Find manuals on the Gutenberg project

If your academic specialization relies on basic texts that may be available through public access, you should always check whether you can access the course materials or textbooks for free. Project Gutenberg is one of those places to do just that. No fees or registration are required to access over 60,000 free e-books, which you can download on a Kindle or read online.

Project Gutenberg features some of the world’s greatest literatures, as well as older works for which US copyright has expired. You can even use the website to search and browse textbooks and other books by author, title, subject, language, type, popularity, etc.

Buy used textbooks online, including international editions

The worst place to buy textbooks is usually your campus bookstore, unless you can find second-hand editions there. Either way, you should strive to find used textbooks instead of buying new ones when you can.

There are plenty of places to buy used textbooks on the web, including current and old editions that can work really well. The most popular used textbook sites to check out include,,,, and even

Also, be sure to search for any used textbooks you need on!

Buy an older edition

Some academic subjects don’t change much from year to year, but that doesn’t stop book publishers from creating new editions of textbooks that new students can purchase each year. You can win this game and save a lot of money if you are willing to research older editions of the books you need for the class. Not only are you more likely to find a used version of an older edition, a book that is several years old will get a lower selling price to start with.

Just be sure to compare the two books (or ask your teacher – many sympathize with the prices of the books) to make sure there aren’t any major differences in subject matter. Most of the new editions contain the same general information with better graphics and different page numbers, but you’ll want to be sure.

Rent your textbooks

Websites like and even allow you to rent college textbooks, which actually makes a lot of sense since you probably only need your book for one semester of your college experience.

You can search for Chegg by author name, book title, or ISBN, and you have 21 days to return books if they are not suitable for your course.

Compare types of books (if available)

Also, be sure to compare the versions of each manual to find the best deal. For example, you might pay less to rent a pocket version of the manual you need, but a digital version could come for an even lower price than that.

As an example, we reviewed a biology textbook on (Sylvia Mader’s Biology, 13th Edition). You can rent or buy a hardcover version of the book for $ 39.71 to $ 121.32, but you can also rent a paperback for around $ 58. If you don’t mind reading your book on a mobile device or Kindle, you can also get an electronic textbook for $ 37 to $ 41.

Check the open education network

Also find the books you need on the Open Education Network, which provides a free library of textbooks that anyone can use. The community behind this network focuses its efforts on finding open-licensed academic textbooks. The majority of the books on the network are peer reviewed and all are completely free.

You can use the network to browse textbooks and materials, and all books can be downloaded and distributed for free.

Share textbooks with classmates or friends

If you and friends are taking the same classes, there is nothing in the rules that prevents you from sharing textbooks. You can share the same book in the same semester as long as you are willing to cooperate with each other, but you can also partner with a friend and buy different textbooks to swap from semester to semester.

This strategy can work well if you buy new textbooks and split the costs, but you’ll save even more if you can buy used versions of the books you need.

The bottom line

Like anything you buy, it’s worth shopping around and comparing your college textbook options. You can find the book you need on a used basis for a much lower cost, or you can rent a book you only need for a semester instead of buying.

The best way to save on textbooks is to avoid your school bookstore like the plague and start searching online for the books and supplies you’ll need for school. Buying second-hand, renting, and finding free versions of the material your lessons need can save you big money, but you’ll find the best selection of used books if you start your search early. possible.

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ICICI Bank unveils HPCL Super Saver credit card: save more on fuel now Wed, 21 Jul 2021 06:15:16 +0000


oi-Vipul Das


On Tuesday, ICICI Bank and Hindustan Petroleum Corporation Limited (HPCL) announced the introduction of a co-branded credit card that would allow customers to enjoy great benefits and reward points for having multiple credit card benefits in one. . Customers can get the best rewards and benefits on their daily spending on fuel, electricity, mobile, and spending at department stores like Big Bazaar and D-Mart, and e-commerce sites, and the like with the new ICICI Bank HPCL Super Saver Credit Card.

ICICI Bank unveils HPCL Super Saver credit card: save more on fuel now

According to the sources, Sudipta Roy, Head – Unsecured Assets, ICICI Bank said, “At ICICI Bank, we are constantly striving to offer innovative proposals that meet the growing and changing needs of clients. We are excited to partner with HPCL to launch the “ICICI Bank HPCL Super Saver Credit Card.” Typically, similar credit cards offer accelerated benefits over spending in a category. This card breaks that barrier as it allows customers save on every transaction they make. It really makes the card a “super star” We believe this card will save customers more while enjoying the convenience of digital payments.

HPCL Executive Director – Retail, SK Suri, said: “HPCL is very pleased to partner with ICICI Bank to launch the ‘ICICI Bank HPCL Super Saver Credit Card’ with unique offers and rewards to enhance customer experience. This credit card will help promote digital. point of sale payment ecosystem and meet customer expectations through its innovative offers. The customer will also get additional loyalty points when they use this card on our HP Pay app. “

How Customers Can Apply for an ICICI Bank HPCL Super Saver Credit Card

Depending on the bank, individuals can apply for the ICICI Bank HPCL Super Saver credit card using the bank’s online banking portal or the mobile banking app, iMobile Pay. After successfully applying, they will get a fully contactless and paperless digital card. ICICI Bank also delivers a physical card to individuals within a few working days. Customers can also use the iMobile Pay app to customize their transaction settings and credit limit. They can also use iMobile Pay and online banking to update their current ICICI Bank credit card to “ICICI Bank HPCL Super Saver Credit Card” according to ICICI Bank.

Features and Benefits of ICICI Bank HPCL Super Saver Credit Card

  • Spending on gasoline at HPCL outlets earns you 5% cashback, which includes 4% cashback and 1% surcharge waiver.
  • On fuel purchases made using HPCL’s “HP Pay” app, you will earn 1.5% additional PAYBACK reward points.
  • Expenses for electricity and mobile recharging, purchases in departmental department stores like Big Bazaar and D-Mart, reward you with 5% in PAYBACK reward points.
  • All other categories including spending at local stores and e-commerce platforms for online shopping will provide you with 2 PAYBACK points for every Rs. 100 spent.
  • As a welcome bonus, customers will receive 2,000 PAYBACK points, which will be credited to their PAYBACK account once the card is activated.
  • On the first transaction worth Rs 1,000 or more made through the ‘HP Pay’ application, you will receive a cashback of Rs 100 in your ‘HP Pay’ application wallet.
  • PAYBACK points will be credited to the customer’s PAYBACK account as soon as the card is actually issued. On the PAYBACK website / partner stores, the “HP Pay” app, cardholders can redeem their collected PAYBACK points.
  • According to ICICI Bank, customers can also use their PAYBACK points to purchase fuel at HPCL retail stores.

ICICI Bank HPCL Super Saver Credit Card Value Added Benefits

  • Free 24/7 road assistance nationwide.
  • Annual fee waiver on expenses of Rs. 150,000.
  • Free access to the domestic airport lounge.
  • Incredible discounts for the purchase of movie tickets on BookMyShow and Inox.
  • Attractive catering offers through the ICICI Bank Culinary Treats Program.

Article first published: Wednesday, July 21, 2021, 11:45 a.m. [IST]

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PSCU Adds Two Industry Veterans To Its Board Of Directors Wed, 21 Jul 2021 00:08:50 +0000

Payments Credit Union Service Organization (CUSO) PSCU has appointed two veterans of the financial services industry to its board of directors.

President and CEO of the California Coast Credit Union Todd Way and President and CEO of the Border Federal Credit Union Maria J. Martinez will serve as associate directors, according to a Tuesday July 20 announcement emailed to PYMNTS.

Lane has over three decades of management experience in the financial services industry. He became President and CEO of the California Coast Credit Union in 2014 after serving as CFO from 2009. He is currently a Director of the Neighborhood House Association and sits on the San Diego Board of Directors. State University Alumni Association. In addition, Lane sits on the board of directors of the Cal Coast Cares Foundation.

He holds an MBA from Pepperdine University and a BA in Finance from San Diego State University.

Martinez has been President and CEO of the Border Federal Credit Union (BFCU) since 1997. She currently serves on the Board of Directors of the Credit Union National Association (CUNA), representing Class A credit unions in District 5 of CUNA, and is a member of the Boards of Directors of CUNA Strategic Services and CUA Awareness LLC. Martinez is a founding member and president of the National Association of Latino Credit Unions & Professionals (NLCUP). She is also a founding member and vice-president of the Credit Union Women’s Leadership Alliance (CUWLA). In addition, Martinez is a member of the CU DEI collective, of which PSCU is a founding organization.

Martinez holds a Bachelor of Business Administration in Accounting from Our Lady of the Lake University and is a Credit Union Development Educator (CUDE).

“It is with great pleasure that we welcome Todd and Maria to our Board of Directors”, President and CEO of PSCU Chuck Fagan said in the ad. “The expertise, guidance and diversity of thought that leaders like Todd and Maria bring to the co-op allow us to continue to make smart strategic decisions that strengthen and improve the organization. We look forward to the valuable information they will each bring to the PSCU cooperative. “

The news comes as PYMNTS reported that members of credit unions (CUs) are more satisfied with the innovation performance of CUs than they have ever been, with eight in 10 now saying they think their UC innovate “quite” or “very” well.



About the study: UK consumers see local purchases as essential for both supporting the economy and preserving the environment, but many local High Street businesses are struggling to get them in. In the new Making Loyalty Work For Small Businesses study, PYMNTS surveys 1,115 UK consumers to find out how offering personalized loyalty programs can help engage new High Street shoppers.

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Pennsylvania Senators Deepen Details of State University Consolidation Plans Tue, 20 Jul 2021 21:49:30 +0000

Students attending one of the six Pennsylvania state universities slated for consolidation next year won’t notice much change anytime soon, according to the head of the state university system.

State system of higher education Chancellor Dan Greenstein spoke to state senators on Tuesday about the plan to consolidate six universities into two institutions. Greenstein met with lawmakers in a quarterly update on plans to overhaul the system that aim to put the 14 public universities on a sustainable path.

“It’s important to stress that this is a deliberately slow and intentional process,” Greenstein said.

“I think most students won’t actually see or feel the impacts for a few years and arguably even beyond that, many students won’t see any significant difference,” he said.

The state system board voted last week to move forward with consolidating Bloomsburg, Lock Haven and Mansfield universities into one institution and California, Clarion and Edinboro universities into another.

The six campuses would remain open but under a different name. The first class of students to be admitted to either of the combined universities would be in fall 2022, with their program integration expected to be completed by fall 2024.

It was a decision that resulted from a substantial drop in enrollments across the system over the past 10 years. This exacerbated the financial challenges many of these institutions faced to the point that some began to rely on other universities in the system to maintain their operations.

In addition, the affordability advantage that the state’s public higher education institutions had in 2010 has fallen from $ 6,500 less than its closest competitor to around $ 1,500 today, Greenstein said. .

Senate Education Committee Chairman Scott Martin of R-Lancaster County said the system’s unanimous board decision to consolidate universities was “a really powerful message related to the need for action. to go forward. Not taking action was really not an option given the current state of affairs. Martin sits on the system’s board and chaired Tuesday’s hearing.

Greenstein described the goal of making consolidated universities “regional centers of higher education capable of firmly resisting an uncertain future and of serving their students and communities.”

But he said the work was just beginning. He said he would rely on an ongoing partnership with the General Assembly to achieve this.

The two-hour hearing covered a number of topics related to university groupings. Among them were:


Greenstein said the hope is to obtain accreditation from the Middle States Commission on Higher Education of the two newly integrated universities next July. He said they plan to file a substantive change request with the middle states in September.

He said the programmatic accreditations along with the NCAA blessing to allow each of the consolidated college campuses to continue to run their own athletic program would follow the action of middle states. Until then, all current accreditations that programs and universities hold remain in place.

Senator Lindsay Williams, of D-Allegheny County, asked what would happen if the NCAA refused the request.

“I guess if the NCAA has any concerns, they’ll voice their concerns rather than a yes or no vote,” Greenstein said. “This is what the middle states do. That’s what accreditors do. This is what regulators do. It’s not a switch that you turn on and off, at least in my experience. It is a dialogue.

He said that if they have any concerns, those responsible for the system will attempt to address them as issues arise.

Pennsylvania State Higher Education System Chancellor Dan Greenstein said system overhaul efforts to reorganize public higher education for the 21st century should be a boon in attracting philanthropy. November 26, 2019. File / Dan Gleiter |

Funding for the redesign of the system

In this year’s budget discussions, lawmakers pledged the state to provide the public system with $ 50 million this year, the first installment of a $ 200 million three-year commitment to help fund the government. system overhaul effort.

Greenstein shared a pie chart that detailed how this $ 50 million investment plus the $ 25 million the system has earned this year by prepaying its obligations to the state pension system will be spent.

It calls for investing to achieve diversity, equity and inclusion goals and improve workforce aligned programs; spend $ 15 million to launch integrated universities; $ 12.5 for student success initiatives; $ 10 million to develop a system-wide student information system and tackle cybersecurity; $ 15 million to begin supporting an effort to distribute state funding more equitably among universities; and $ 12.5 million for debt relief for the consolidated universities.

About this debt relief

Providing money to help pay off debt for universities to consolidate has sparked concern from Sen. Joe Pittman of R-Indiana County.

“I’m concerned that we’re trying to make integrations look successful and not focus so much on their success or not,” Pittman said. “You know we have eight other universities in the system that also have significant needs, especially when it comes to debt service. “

Greenstein said system officials have explored administrative options to relieve universities struggling with large debt, primarily for residences that are no longer needed on campuses.

“I hope we can work together to find creative ways to solve this problem not only in integrating universities, but more generally as the situation exists throughout the system,” the chancellor said.

Impact of fundraising

Senator Pat Stefano, of R-Fayette County, said the public system’s founding board has expressed concerns about the impact of university consolidations on their ability to raise funds for scholarships.

Greenstein clarified that the foundation board is a separate entity over which the system board has no authority. Additionally, he said virtually all foundation funds are limited to being used as donor requests.

On top of that, he sees redesign efforts as something that should be of benefit to attract dollars.

“The universities of the Pennsylvania state system are now among the most innovative places on the planet in terms of higher education,” the chancellor said. “The broad portfolio we just discussed is really a kind of re-equipping public higher education and reimagining in the 21st century. What a great opportunity. “

Jan Murphy can be reached at Follow her on Twitter at @JanMurphy.

Read more:

Big change, big opinions: Pennsylvania’s university system and plans to merge 6 campuses

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Despite inflation, 5 things are actually getting cheaper Tue, 20 Jul 2021 20:21:04 +0000

If you’re complaining more than usual these days, it’s probably because of the price hike. Gasoline now costs an average of $ 3.17 a gallon, according to AAA, up from $ 2.20 a year ago. And the price of bacon has climbed 8.4% in the past 12 months, according to June inflation data from the Bureau of Labor Statistics (BLS).

Believe it or not, however, some items are getting cheaper and cheaper. For example, you pay a little less for a burger these days and for cheese too, so go ahead and grab that cheeseburger. Read on to find out more about what is getting cheaper in these times of inflation.

Ground beef

McDonald’s CEO Chris Kempczinski loves it these days – at least the prices of some of the foods his company sells on a daily basis. The price of uncooked ground beef has fallen 8.4% in the past 12 months, the price of cheese has dropped slightly by 0.9%, and if you want French fries with that, the price of potatoes has gone down. fell 4.7%. (However, adding bacon is going to cost you money.)

Along with burgers, the BLS says roast beef (down 2.4%), ham (-1.4%) and whole fresh chicken (-0.8%) have all become cheaper over the course of of the last 12 months.

Business attire for men

Most men don’t dress for Zoom meetings, so it’s no surprise that the cost of men’s suits, sports coats, and outerwear has fallen by 7% in the past 12 months. . Men’s shirts and sweaters have become 1.5% cheaper. (Women’s suits gained 2.7% over the same period.)

If you’re hoping to get some good deals before you have to work with your pants on, you better hurry. Retail sales are picking up and employers are starting to reintegrate their employees into the office. And you might want to try on that old costume before the first day on the job. I’m just saying.

Medical equipement

Health care prices generally increase faster than the general rate of inflation. In December 2019, for example, healthcare costs jumped 4.6% from the previous year, compared to 2.3% for the Consumer Price Index (CPI), the main indicator of government inflation. Over the past 12 months, however, health care costs have been relatively low, increasing only 0.4%, the smallest year-on-year gain since 1941.

A few sub-sectors of health care have actually fallen. The BLS has a category called “medical care products” which includes everything from bandages to wheelchairs. It is down 2.2 percent over the past 12 months. In this category, the largest price reductions were recorded in medical equipment and supplies, down 6.3%. This category includes many items used during the pandemic, such as N95 masks, which were coveted – and expensive – in the early months of COVID-19. A Texas company at the time offered N95 masks for $ 6 a piece. Masks typically sold for around $ 1.

]]> 0 Bank of America Launches Unlimited Cash Rewards Card With Cash Back Tue, 20 Jul 2021 17:31:54 +0000

Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.

A new rewards credit card has just hit the market: The Bank of America® Unlimited Cash Rewards Card is entering a crowded cash back card realm. The Unlimited Cash Rewards Card is a no annual fee card that earns 1.5% cash back on purchases with the possibility of earning a higher cash back rate if you are a Bank of America Preferred Rewards.

The Unlimited Cash Rewards Card offers a simple rewards program with a touch. The card earns 1.5% cash back on everything, but it also allows you to take advantage of Bank of America’s Preferred Rewards program, which gives you the chance to receive an additional 25% to 75% increase on your rewards, based on your preferred rewards program. member level.

Bank of America joins Wells Fargo and Citigroup who have both rolled out new redemption cards in recent months.

“Some customers choose to have lump sum refund products and we have noticed that some of our customers go elsewhere to look for this type of product because Bank of America does not offer it,” Jason Gaughan, Head of Consumer Card Products at said Bank of America.

The card offers a solid welcome bonus of $ 200 if you spend $ 1,000 in the first three months after opening the card and a 15-month 0% introductory period on balance transfers and purchases (after, APR variable from 13.99% to 24.99%). It also has a 3% overseas transaction fee, so it’s not a good card for international travelers.

You can redeem your cash back as a statement credit, direct deposit to a Bank of America checking or savings account, or credit to an eligible Merrill® account.

Increase your cash back earnings with Preferred Rewards

To become a member of the Preferred Rewards program, you will need at least $ 20,000 invested in a Bank of America® deposit and / or Merrill® investment account.

There are three levels of preferred rewards. If you are in the highest level, Platinum Honors, you earn 2.625% on purchases with the Unlimited Cash Rewards card. If you are in the lowest level, Gold, you will receive 1.875% in return, and if you are in the middle level, Silver, you will earn 2.25% in silver.

“… It pays to have a relationship, or a full relationship, with us [Bank of America]. The more you do with us, the more you are rewarded, ”said Don Vecchiarello, spokesperson for Bank of America.

The ability to earn a higher cash back rate by being a Preferred Rewards member, up to 2.625%, potentially makes the Unlimited Cash Rewards card the best flat rate cash back card currently on the market. Most other cash back cards offer 1.5% to 2% cash back rates, and cards with 5% higher cash back rates usually have rotating categories or spending limits.

Other flat rate reimbursement cards

While cardholders have the opportunity to earn more by being a member of the Preferred Rewards program, there are other cash back cards on the market with better rewards systems if you are not a member. Bank of America’s new product competes with other well-known cards in the cash rewards business, namely Wells Fargo Active Cash.SM Card, the Chase Freedom Unlimited® and the Citi® Double Cash Card Card. Some, like the Active Cash card, offer a welcome bonus and a 0% APR introductory period.

Wells Fargo Active Cash offers 2% cash rewards on all qualifying purchases and a $ 200 cash welcome bonus if you spend $ 1,000 within the first three months of opening the account.

Wells Fargo Active Cash Card℠

  • Awards

    2% unlimited cash rewards on purchases

  • Welcome bonus

    $ 200 cash rewards bonus after spending $ 1000 on purchases in the first 3 months of account opening

  • Annual subscription

  • Intro APR

    0% APR on qualifying purchases and balance transfers during the first 15 months from account opening

  • Regular APR

    14.99% to 24.99% variable on purchases and balance transfers

  • Balance transfer fees

    3% launch fee ($ 5 minimum) for 120 days from account opening, then up to 5% ($ 5 minimum)

  • Foreign transaction fees

  • Credit needed

Chase Freedom Unlimited offers 1.5% cash back on all purchases plus 5% on grocery purchases, up to $ 12,000 in the first year, 3% on restaurants and drugstores and 5% discount on trips purchased through Chase Ultimate Rewards®. The Unlimited also has a welcome bonus of $ 200, but you will only have to spend $ 500 in the first three months after opening the account.

Chase Freedom Unlimited®

  • Awards

    Earn 5% cash back on grocery store purchases (excluding Target® or Walmart® purchases) up to $ 12,000 spent in the first year, 5% cash back on trips purchased through Chase Ultimate Rewards®, 3% on meals (including take-out) and pharmacies and 1.5% on all other purchases

  • Welcome bonus

    $ 200 cash back after spending $ 500 on purchases in the first 3 months after opening the account

  • Annual subscription

  • Intro APR

    0% for the first 15 months on purchases

  • Regular APR

    14.99% to 23.74% variable on purchases and balance transfers

  • Balance transfer fees

    Either $ 5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fees

    3% of each transaction in US dollars

  • Credit needed

Citi® Double Cash Card

  • Awards

    2% Cash Back: 1% on all qualifying purchases and an additional 1% after paying your credit card bill

  • Welcome bonus

  • Annual subscription

  • Intro APR

    0% for the first 18 months on balance transfers; N / A for purchases

  • Regular APR

    13.99% – 23.99% Variable on purchases and balance transfers

  • Balance transfer fees

    Either $ 5 or 3% of the amount of each transfer, whichever is greater

  • Foreign transaction fees

  • Credit needed

At the end of the line

Whichever cash back card you choose, the unlimited cash rewards card offers the potential to earn the highest cash back rate, on all purchases, of many cards. You will just need to be at least a Gold or Platinum Preferred Rewards member to collect these rewards.

The information on the Bank of America Unlimited Cash Rewards Card was independently collected by Select and was not reviewed or provided by the card issuer prior to publication.

Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.

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Buyers circle Seadrill as he plans to emerge from bankruptcy: sources Tue, 20 Jul 2021 17:06:00 +0000

(Reuters) – Noble Corp and a consortium comprising Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by Norwegian-born magnate John Fredriksen, people familiar with the folder.

REUTERS / Luis Enrique Ascui / Files

Seadrill is trying to come out of its second U.S. Chapter 11 bankruptcy in four years: Like many in the industry, it developed its drilling rigs too aggressively in the mid-2010s to withstand a subsequent downfall energy prices and platform rental rates. He is negotiating an agreement to restructure its debt of more than $ 7 billion in exchange for handing over control of the company to its creditors.

U.S. Chapter 11 bankruptcy proceedings temporarily protect companies from creditors’ claims, allowing them to continue in business while giving them time to agree on debt restructuring plans, which are due to in turn be approved by a court.

Any takeover offer should bring more value to the creditors involved than the restructuring plan being negotiated. For buyers, acting now means they could get all of Seadrill’s assets back without taking on any of its debts.

The consortium of Transocean, Dolphin Drilling and a third party, whose identities could not be known, submitted an offer for Seadrill in early July, the sources said.

The offer consists of cash, shares of Transocean and an agreement to take over part of Seadrill’s existing debt, one of the sources said. Its value could not be learned.

The offer is still under review by the company, the source added.

Noble submitted an offer in May for the company’s asset base, according to a July 1 bankruptcy filing. Although the document shows that the offer was discussed by the company and its advisers, it did not detail the outcome of those considerations.

Noble, who himself came out of bankruptcy in February, remains interested in pursuing the offer, one of the sources said.

In a statement to Reuters, Seadrill said it recognizes the need for consolidation within the industry and will play an active role once its restructuring is completed later this year.

“Seadrill remains focused on restructuring our balance sheet,” the statement continued, adding that the company was working on filing its plan to support the plan, with backing from its secured lenders. The agreement legally obliges signatories to review the formal restructuring plan.

Transocean declined to comment. Dolphin Drilling and Noble did not respond to requests for comment.

Seadrill operates 43 rigs, which are hired by energy companies to drill for oil in shallow and deep water on all five continents, according to the company’s website. Its clients include Equinor, Petrobras and ConocoPhillips.

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