Toronto-based BitGold is off to the races posting astronomical growth in the second quarter, doubling its number of users in one month. As of June 30th there were 62,629 users. The Company, which offers digital payments and secure savings, doubled also doubled its gold vault value between June 5 and June 30 to C$2,993, 400.
While the nation’s second largest Visa and MasterCard has been experiencing slight erosion in credit card outstandings year-on-year (YOY), and sluggish growth in purchase dollar volume (PDV), credit card issuance for Bank of America (BofA) remains strong, according to CardData. Forecaster RAM Research expects credit card outstandings to be $89.1 billion for Q2, a slight gain YOY.
While Chase struggles with growth in credit card outstandings of less than 2% year-on-year (YOY), gains in purchase dollar volume (PDV) remain strong rising nearly 8% YOY, according to CardData. RAM Research projects Chase credit card Q2 PDV will come in at $127.3 billion.
New research shows 48% of men say they buy everything on their credit card so they can get the reward points versus 38% of women. In general, 46% of men have signed up for cash back offers on their bank/credit card to get money back for shopping at certain locations, versus 40% of women.
Synchrony Financial and Chevron U.S.A have unveiled the new Techron Advantage Fuel Credits Program for cardholders.The new Fuel Credits program is part of a multi-year extension signed between Chevron U.S.A. and Synchrony Financial for Chevron’s personal credit card program.