Fioney Staff
Fioney aims to help guide you to make the best decisions when it comes to the ever changing worlds of personal and small business finance.
Credit Card News
Bilt's "Rent Day" for March Includes Increased Amazon Redemption
by Fioney Staff
Last fall, Bilt Rewards introduced a new monthly promotion called "Rent Day." On the first of each month, customers can earn bonus points via a quiz, enter to win free rent, and — for Bilt Mastercard cardholders — earn double points on all non-rent purchases made with their card for the day. Plus, each month so far has brought additional offerings for users. For March 2023, those extra promotions will...
FinTech News
Varo Bank Brings On Wook Chung as Chief Product Officer
by Fioney Staff
A FinTech neobank is gearing up for even greater expansion by bringing some new talent on board. Last week, Varo Bank announced that it had appointed Wook Chung as its Chief Product Officer. According to the company, Chung will lead the bank's vision and initiatives. He will also serve as a key figure of Varo Tech, which looks to blend data, technology, and design. Chung replaces Jon Alferness, who joined...
Small Business News
Amex Launches Third Annual Historic Restaurant Grant Program
by Fioney Staff
For the third consecutive year, American Express is partnering with the National Trust for Historic Preservation to help small business owners. The "Backing Historic Small Restaurants" initiative will once again see the credit card company funding a total of $1 million in grants to 25 businesses, with each selected location being awarded $40,000. Additionally, the restaurants selected will be offered one complimentary year of ResyOS to help them streamline costs and...
FinTech News
Groundfloor Surpasses $1 Billion in Retail Investment as it Turns 10
by Fioney Staff
A crowdfunded real estate firm is celebrating a decade of operation. Groundfloor has announced that, since its debut 10 years ago, the platform has now surpassed $1 billion in total retail investment volume. Additionally, the company says that its delivered annualized returns of 10% across its investment offerings during that time, Founded in 2013 by Brian Dally and Nick Bhargava, Groundfloor is a real estate investment platform that makes it easy for consumers...
Personal Finance News
Average Consumer Spends 42% on Income on Household Bills
by Fioney Staff
When Americans bring home their paychecks, how much of that money is immediately spoken for? That's exactly what a new report from Doxo shows. The data shows that the average household in the United States spends a total of $29,459 per year on household bills. This amounts to 42% of their income. According to the report, Americans spend a total of $3.87 billion per year on household bills. Of that,...
Small Business News
A Look at Intuit's "Small Business Big Impact Day"
by Fioney Staff
By all accounts, Intuit is not a small business. However, with platforms such as TurboTax, Credit Karma, QuickBooks, and Mailchimp all under the Intuit umbrella, there's a good chance that consumers and entrepreneurs alike are at least familiar with the company's offerings. Now, to kick off Intuit's 40th anniversary, the firm recently found a way to support worthy small businesses and non-profit organizations at the same time. On February 15th,...
Credit Card News
Paceline Announces Closure of Fitness-Linked Credit Card
by Fioney Staff
A unique credit card offering that enabled customers to earn greater amounts of cashback by reaching their fitness goals has announced that it's shutting down. Last week, Paceline sent a letter to users informing them that their Paceline Card would stop working as of February 23rd. According to an FAQ about the sunsetting, upon the card's closure, any existing rewards would be applied to the final statement balance. With the...