MasterCard has launched its Travel Service program in the Latin America and the Caribbean region. The program is now available to cardholders in the following markets: Brazil, Mexico, Colombia, Argentina, Chile, Peru, Dominican Republic, Ecuador, Costa Rica, Panama, El Salvador, Honduras, Nicaragua and Guatemala.
Yields among the nation’s top 6 credit card issuers are expected to remain healthy in the second quarter with Capital One leading the way with its average yield hovering at 14.2%. Chase and Discover are effectively tied for second place at 12%+.
Using a prepaid card is like paying with cash, offering the consumer no ability to establish a credit history. In fact, many prepaid cards lack security features. While the CFPB hopes to regulate better transparency about what prepaid card issuers do and don’t cover, currently these cards fall into a “buyer beware” category.