Google Rolls Out Limited-Use Credit Card to Small Businesses
News from American Banker:

Google Inc. is getting into the business of credit. The online search giant is rolling out a limited-use co-branded MasterCard for small-business owners to help them buy its search-based advertising.

World Financial Capital Bank is issuing the no-annual-fee card, which carries a fixed annual percentage interest rate of 8.99%. There are no rewards associated with the card.

Google is clearly eager to find new audiences for its vaunted search-based advertising services, analysts said, but a narrow-use credit card may not be the smoothest approach to reaching that market.

The technology to restrict purchases to specific types of merchandise or services is not new, and confining cardholders’ purchases to advertising “will certainly limit the issuer’s risk,” said Brian Riley, a senior research director with TowerGroup. But the card appears to be unwieldy in several respects, he said.

“This card, as outlined, creates a lot of extra steps for …………… continues on American Banker
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Related News:

5 Money-Saving Credit Card Tricks for Travelers
News from TIME:

Everybody knows about reward credit cards that let you accrue points or miles toward your next getaway. But there are other ways your credit cards — and how you use them — can save you money. You can stretch your summer vacation dollars with these tips — none of which require you to open up a new credit card account or enroll in yet another loyalty program.

1. Smart travelers — especially those whose trips take them outside U.S. borders — know it’s better to have a credit card that doesn’t tack on foreign transaction fees, which generally add 3 percent to the price of a purchase made overseas. But using any credit card will get you a better exchange rate than either getting cash from a U.S. bank before you leave or exchanging money when you reach your destination, according to Odysseas Papadimitriou, founder and CEO of Evolution Finance. He crunched the numbers and compared those three different ways travelers can exchange funds. “When you comp…………… continues on TIME
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How You Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line
 “This book is a must-read for credit card holders of all ages. Curtis Arnold offers insights into how consumers can not only p…