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The new BPI Amore Cashback cards reward Filipinos with more cashback options

BusinessWorld
June 4, 2021 | 8:00 am
The Bank of the Philippine Islands (BPI) revamped its current Amore Visa credit cards to BPI Amore Cashback and BPI Amore Platinum Cashback cards, as the bank aims to enable more Filipinos to make both online and in-store shopping more convenient and rewarding with enhanced payback features.
This move comes on the heels of the COVID-19 pandemic, which has changed the spending habits of Filipinos across all market segments.
According to Credit Card Association of the Philippines, credit card billings growth declined in 2020 across the industry due to the effects of the pandemic. As for the top three segments where credit cards were used, these included supermarkets, micropayments such as transportation and fast food restaurants, and electronics. ....

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American Express to cut cashback on its credit cards by as much as 50%

American Express and its market-leading cashback credit cards are getting a little less generous, with the provider slashing how much customers earn by as much as 50 per cent in some cases.
Payouts on the free American Express Platinum Cashback Everyday and £25-a-year Platinum Cashback credit cards can currently total hundreds of pounds a year with cashback rates of up to 1.25 per cent.
However, for newcomers from today and for existing customers from 4 August, cashback rates will be cut.
American Express is cutting the cashback paid on some of its credit cards
The free card currently pays 0.5 per cent on up to £5,000 a year and 1 per cent cashback on spending above that. However, under the changes all spending of up to £10,000 will only earn 0.5 per cent. ....

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