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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.
Apple Card
Personal Finance

Apple Card Accounts Begin Appearing on Credit Reports

by Fioney Staff
When Apple initially announced that it would be launching a credit card, it stated that the product would be unlike anything seen before. Indeed the Apple Card does have a number of unique features, from it's easy mobile-only application to its implementation of "Daily Cash." However some aspects of what makes the card special have also caused frustration among some users, such as the inability to link the card to...
SoFi Invest Crypto trading app
FinTech News

New York State Permits SoFi to Sell Cryptocurrencies

by Fioney Staff
Empire State residents will now have another option for trading cryptocurrencies. This week the New York State Department of Financial Services approved FinTech lender turned jack-of-all-trades SoFi for a BitLicense. The move means that users in the state will now be able to buy and sell crypto on the SoFi Invest platform. In a press release announcing the decision, SoFi's CEO Anthony Noto remarked, "Putting our members' interests first is...
office view of New York skyline
FinTech News

Growing FinTech Trend Finds Startups Going Bi-Coastal

by Fioney Staff
Since the 1970s, there's been no question about where the capital of technology has been in the United States: Silicon Valley. Today, Northern California and specifically the Bay Area is home to a plethora of startups, including some well-known FinTechs. However a growing trend suggests that some of these disruptors are branching out and looking east. As Bloomberg reports, several financial technology firms have been expanding their New York operations...
shop small
Small Business News

2019 Small Business Saturday Spending Reaches New Record

by Fioney Staff
After weeks of anticipation, this past weekend, the big day finally arrived: Small Business Saturday. What's more, early numbers suggest this year's event was a hit. According to the 2019 Small Business Saturday Consumer Insights Survey — released by American Express and the National Federation of Independent Business — Americans spent $19.6 billion at independent retailers on Saturday, November 30th. This marks a new record for Small Business Saturday, which celebrated its...
personal loan growth table
Personal Finance

Personal Loans Still Fastest-Growing Debt Type in U.S.

by Fioney Staff
Looking for a personal loan this holiday season? You're certainly not alone. According to a recent Experian report, personal loans continue to be the fastest-growing type of debt, totaling $305 billion in the second quarter of this year. That marks a 12% year over year increase and a 47% rise from 2015 when personal loan debt stood at $208.5 billion. Additionally Experian found that 11% of Americans now have an active...
Robinhood founders
FinTech News

Robinhood Withdraws Bank Charter Application

by Fioney Staff
Back in April of this year, Robinhood joined the growing list of FinTechs and challenger banks applying to become full-fledged banks and receive a national charter. At the time the company said, "Robinhood’s goal is to be able to offer its customers a full suite of financial products to service their needs." Cut to today and it seems that Robinhood is abandoning — or at least delaying — that path...
Honey co-founders
FinTech News

PayPal Acquires Deal-Finding App Honey

by Fioney Staff
Every day millions of users turn to PayPal to send money and make purchases. Now the FinTech is making a rather sizeable buy of its own. Last week the company announced that it would be acquiring Honey. For their purchase of Honey (or Honey Science Corporation as their formally known), PayPal will pay a whopping $4 billion. This amounts to the companies largest acquisition ever according to TechCrunch. Started as...
illustration of store and shopping cart with bags
Personal Finance News

WalletHub Shares Black Friday Trends and Best Deals for 2019

by Fioney Staff
It's almost here: after weeks of "pre-Black Friday sale" ads flooding airwaves and e-mail boxes everywhere, the main event is nearly upon us. As has become tradition, this Friday retailers across the nation will woo shoppers with special "doorbusters" and other attractive pricing in a bid to kickstart the holiday shopping season. Of course, when it comes to scoring the most worthwhile deals, not all stores or offers are created...
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Checking Account Review

2025 SoFi Checking and Savings Review

by Kyle Burbank
 Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. That was later sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind is SoFi’s acquisition of Golden Pacific...
Travelers with two Best Western Credit Cards
Credit Card News

Best Western Debuts Two New Rewards Credit Cards

by Kyle Burbank
After pausing applications for their previous rewards card, the hotel chain Best Western has unveiled a new pair of rewards credit cards with a new issuer. About the Best Western cards: Best Western is partnering with First Bank & Trust and Mercury Financial to introduce two new co-branded credit cards. First up is the no-annual-fee Best Western Rewards Visa Signature Card. With this card, customers can 4x points on Best...
Marriott Bonvoy card and a woman on vacation
Credit Card News

Marriott Bonvoy Bold Card Launches Travel Contest

by Kyle Burbank
Chase and Marriott Bonoy have unveiled a special contest while continuing to offer its best-ever welcome bonus. About the welcome bonus and Bold Chat Court Contest: Marriott Bonvoy and Chase have launched a special opportunity called the Bold Chat Court contest. As part of this contest, 10 lucky travelers will be awarded 500,000 Marriott Bonvoy points (for a total of 5 million) as well as $5,000. For this contest, the...
Bilt and All Reward logos
Credit Card News

Bilt Adds 2 New Transfer Partners Including First 3:2 Transfer Rate

by Kyle Burbank
Bilt is once again expanding its travel transfer rewards program — and is even breaking the mold with one new partner. About the new additions to Bilt: This week, Bilt launched partnerships with two more travel brands: TAP Air Portugal and Accor. As a result, Bilt members will now be able to transfer their points to Miles&Go and ALL Reward, respectively. In total, Bilt now has 18 transfer partners including 13...
PayPal Debit Card app
Checking Account Review

PayPal Debit Card Review: Earn Stackable 5% Cash Back

by Kyle Burbank
In recent weeks, PayPal debuted an updated debit card product (perhaps you've seen the incessant Will Ferrell commercials for it during football games?). With the launch of this card, the company known for online payments is encouraging customers to pay with them anywhere. To encourage such behavior, the debit card allows cardholders to earn 5% cashback — although, as you can imagine, there are some important restrictions on that. So,...