Personal Finance News Round-Up: October 2023
Personal Finance News Round-Up: October 2023

Personal Finance News Round-Up: October 2023

Each month, the Money@30 YouTube channel rounds up the top personal finance, credit card, and travel news. Now, we here at Fioney are pleased to present these quick and to-the-point video digests with our readers. Dive into the October 2023 round-up video and go even deeper into the stories below.

Personal Finance News Round-Up: October 2023

Chase Announces Q4 5% Bonus Categories

On the heels of Discover revealing their fourth quarter bonus category picks, Chase has now announced their selection. From now through December, Chase Freedom and Freedom Flex customers can earn up to 5% back on purchases made using PayPal as well as on warehouse club purchases and donations to select charities.

Bilt Introduces Bilt Experiences and New Hotel Portal

Bilt has been busy over the past several months as it continually adds new features and tools. That trend continued last month as the platform not only introduced Bilt Experiences but also rolled out a new award hotel booking function. For the former, Bilt customers had a chance to snag last-minute NFL game tickets. Meanwhile, with the new search tool, users can find point redemption options for Hyatt and IHG.

Cardless Updates Simon American Express Card

The Simon American Express card may have only launched earlier this year but it’s already getting a revamp. Now, cardholders can earn 5% back on purchases at any store located at a Simon Center, Mall, Mills, or Premium Outlet. However, while that’s the good news, a couple of other tweaks — including a minimum transaction limit — are not as welcomed.

Varo Introduces New P2P Payment Feature

FinTech-turned-bank Varo is giving customers yet another way to send money to friends and family (following the addition of Zelle support last year). With Varo to Anyone, users can send cash just by using a person’s phone number or email while the recipients will need to a debit card in order to claim their funds.

Credit Bureaus Make Free Weekly Credit Reports Permanent

Equifax, Experian, and TransUnion will now continue to allow consumers to access their credit reports for free on a weekly basis. The decision follows multiple extensions to the pandemic-era program. Despite the updated timeframe, these reports can still be requested at AnnualCreditReport.com.

Delta Considers Changes Amid Backlash as Rivals Pounce

It’s fair to say that Delta’s recently announced Medallion Status updates were not well received by many fans. Now, it looks as though the airline could make some tweaks to their plans before they actually roll out. In the meantime, airlines such as Alaska and JetBlue are looking to lure disaffected Delta elites with special offers.

Author

Kyle Burbank

Head Writer ~ Fioney
Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

Other Articles by Kyle Burbank

stack of credit cards

Credit Card Delinquency Rates Reach Decade High in Q4 2023

According to new data from the Federal Reserve Bank of Philidelphia, credit card delinquencies grew to new "series highs" in the last quarter of 2023. About the report: As Bloomberg reports, credit card delinquencies increased in the fourth quarter. In total, nearly 3.5% of consumer card balances were at least 30 days late. Furthermore, the percentage of card accounts that were 30, 60, and 90 days past due all rose during...
mother talking to her son about credit cards

Survey: 76% of Gen Zers Reports Experiencing Financial Stress

In conjunction with Financial Literacy Month, a new survey from Greenlight highlights financial stress and other money matters among those of different generations. About the survey: Greenlight recently surveyed 2,310 Americans ranging from ages 10 to 59 and asked them about their financial wellness. Specifically, the survey broke respondents into general groups, including Gen Alpha kids (10 to 13-year-olds), Gen Z teens (14 to 19), Millennial parents with Gen Alpha...
two woman standing next to two Petal cards

Empower Financial to Acquire Petal

The popular credit-building card company Petal is being acquired. About the deal: Empower Financial (not to be confused with Empower, which acquired Personal Capital and rebranded it to Empower Personal Dashboard) has signed a definitive agreement to acquire Petal. Details of the deal were not disclosed. However, Empower anticipates the transition to close later this quarter. News of this acquisition also comes as Empower has completed its purchase of Cashalo....
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A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

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. Lately it seems as though that theme has been 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...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...