Mister Manners: How to navigate gift receipts, regifting, and more tricky holiday etiquette questions

“And to be able to have a backstory to your gift, that’s a real winner gift, providing that it’s something that you know they would truly love and enjoy.” Video by Courtney Stith Here are Farley’s answers to some of the season’s most common etiquette questions around gifting. But I would not feel in any way that the gift I was giving, providing it was thoughtful, was inferior. So if any of those are the case, I think it’s completely fine to ask for a gift receipt. With some conditions: You want


“And to be able to have a backstory to your gift, that’s a real winner gift, providing that it’s something that you know they would truly love and enjoy.”
Video by Courtney Stith Here are Farley’s answers to some of the season’s most common etiquette questions around gifting.
But I would not feel in any way that the gift I was giving, providing it was thoughtful, was inferior.
So if any of those are the case, I think it’s completely fine to ask for a gift receipt.
With some conditions: You want
Mister Manners: How to navigate gift receipts, regifting, and more tricky holiday etiquette questions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: lisa ferber
Keywords: news, cnbc, companies, navigate, etiquette, questions, love, truly, youre, manners, providing, tricky, know, receipts, receipt, sure, giver, gift, holiday, regifting, mister, think


Mister Manners: How to navigate gift receipts, regifting, and more tricky holiday etiquette questions

Thomas Farley, aka Mister Manners, knows that holiday giving can be fraught: You could accidentally spend too much, or too little, or regift something to the person who originally bought it for you. No need to panic, says the etiquette expert, whose clients range from JPMorgan Chase to the United States Army. One of Farley’s top tips: You can make almost any gift feel special by presenting it with a heartfelt note or in-person explanation of why you thought they would enjoy that particular item. “People love gifts that have a backstory,” he explains. “And to be able to have a backstory to your gift, that’s a real winner gift, providing that it’s something that you know they would truly love and enjoy.”

Video by Courtney Stith Here are Farley’s answers to some of the season’s most common etiquette questions around gifting.

What do you do if someone buys you a more expensive gift than you got them?

That’s terrific, up to a point. If someone gives you something excessively priced, there needs to be a conversation where you say, “This is lovely, I so appreciate your gesture, [but] I simply can’t accept something so extravagant.” If they’ve outspent you by 20 or 30 or 40 dollars because they can, I would be profusely thankful. I would make sure to send them a thank you note. But I would not feel in any way that the gift I was giving, providing it was thoughtful, was inferior.

What’s a tactful way to ask for a receipt to return a gift?

I think that the gift giver, providing that you know they really love the gift, wants to make sure that it fits you: your body, your decor, or that you don’t have something identical already. So if any of those are the case, I think it’s completely fine to ask for a gift receipt. And then offering them a follow-up explanation: “I love it, but I have that color already. I’d love to get that same identical shirt in a different color.” As the giver, I think it’s a thoughtful gesture to make sure you provide a receipt so that that awkward exchange doesn’t need to happen.

Regifting can get tricky. Are there best practices I can follow?

I’m actually a big advocate for regifting, I think, both for the environment and in terms of reducing the amount of clutter that we all have in our lives. With some conditions: You want to make sure it is in fresh, clean, original packaging, that you’ve removed the gift tags, and that this is something your gift recipient will truly love. Make sure that the two individuals do not know one another. You don’t want the original giver to see it in the home of the person you’ve just given it to. “You can say, John, I got this coffee table book, which I do like quite a lot, but knowing that you’re a huge fan of Palm Springs, I think this might be something that you’d truly enjoy, and I’d like to give it to you if you’d like to have it.” So you’re not trying to make up a story or make up a ruse about where you got the book, but rather you’re owning up to the fact that this is a regift.

What should you bring if you’re staying with someone during the holidays?


Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: lisa ferber
Keywords: news, cnbc, companies, navigate, etiquette, questions, love, truly, youre, manners, providing, tricky, know, receipts, receipt, sure, giver, gift, holiday, regifting, mister, think


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A school day that lasts until 6 pm could save families and employers money, experts say

Families should not spend more than 7% of their annual income on after-school care, according to the U.S. Department of Health and Human Services. Even though extending the school day could save parents money, some experts fear that widespread implementation would be too complicated. Extended school hours could also benefit employers, says Tim Daly, founder of academic advising firm EdNavigator. Why extending school hours may not be doableExtending school hours could benefit both parents and emp


Families should not spend more than 7% of their annual income on after-school care, according to the U.S. Department of Health and Human Services.
Even though extending the school day could save parents money, some experts fear that widespread implementation would be too complicated.
Extended school hours could also benefit employers, says Tim Daly, founder of academic advising firm EdNavigator.
Why extending school hours may not be doableExtending school hours could benefit both parents and emp
A school day that lasts until 6 pm could save families and employers money, experts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: aditi shrikant
Keywords: news, cnbc, companies, day, lasts, hours, employers, work, say, families, schools, parents, programs, school, experts, afterschool, save, money, according, women, care


A school day that lasts until 6 pm could save families and employers money, experts say

Families should not spend more than 7% of their annual income on after-school care, according to the U.S. Department of Health and Human Services. By that standard, there is not one state where child care is affordable, per data from resource group Child Care Aware of America. Earlier this month, Senator Kamala Harris of California proposed a bill as a partial remedy. Called the Family Friendly Schools Act, the plan would supply grants to elementary schools to extend their hours until 6 p.m. and offer summer programming. The alignment of school and works hours would eliminate the need for after-school care, which costs families with school-age kids thousands each year. The idea isn’t a new one. Similar initiatives have already recently been implemented in a handful of places including New Mexico and New York City. During World War II, the federal government allocated funds to keep schools open later so women could work a full day while men were fighting. Even though extending the school day could save parents money, some experts fear that widespread implementation would be too complicated. Others, however, say if we reconsidered what role schools should play in our lives, we would see extended school hours as an obligation rather than a luxury.

Why the school day ends hours earlier than work

The number of days in the American school year in the 19th century varied depending on if you lived in a rural or urban community, according to an Education Sector report, but by the 1960s, American schools had settled into the schedule we see most often today: about two months of summer break, and the remaining 10 months broken up by smaller vacations. This schedule was fixed at a point in time when 37% of women between ages 25 and 54 worked, meaning a majority could pick their children up from school at any time and spend summers at home with them. Today, 73% of women between the ages of 25 and 54 are employed, according to data from the Bureau of Labor Statistics. After-school care is now a necessity, but government funding hasn’t caught up to the needs of working parents. “Demand for public funding [for after-shool programs] is far from being met,” says Jen Rinehart, senior vice president of research and policy at Afterschool Alliance. “In most states there are three or four times more communities who would be offering those after-school program if funding were available.”

Democratic presidential candidate Kamala Harris speaks with children at the Iowa State Fair on August 10, 2019, in Des Moines, Iowa. Alex Edelman | AFP | Getty Images

How extending school hours could work

Harris has proposed a pilot program that would give 500 schools grants of up to $5 million each spread over five years. That annual budget of up to $1 million would be used to provide enrichment opportunities for the last few hours of the day and keep the school open during occasions such as parent-teacher conferences. Schools would also have to find a private funding source, like a nonprofit, to match 10% of the grant in the form of money, staff time, meeting spaces, or equipment. The requirement is meant to ensure that, if the federal grant money runs out, schools will have additional resources to sustain the program. The bill stresses that schools should reach out to local philanthropic organizations and community centers to help create after-school programming that isn’t simply more class time. Teachers would not be required to stay extra hours, though they could sign up for additional paid shifts. Although the bill says it is meant to help all families, it is especially focused on low-income school districts, noting that parents in low-income brackets “often shoulder the greatest burden, especially those with unpredictable or inflexible work schedules.”

The positive effects of extending school hours

Parents who pay for after-school care spend an average of $114 per week on it, according to 2014 data from the Afterschool Alliance. More recent data from a 2018 Care.com survey found that the average family pays $244 per week for an after-school sitter. In addition to the money families could save, the U.S. economy could gain $55 billion annually in productivity, according to the Center for American Progress. That’s because parents who can’t afford after-school programs often chose to leave the workforce. This issue disproportionately affects women, says Sarah Cohodes, a professor of economics and education Columbia University. “Women have the most precarious ties to the labor market in the family,” she says. “They are the ones who change their hours or their decision to work based on whether there is care, or affordable care, for their kids.”

Women have the most precarious ties to the labor market in the family. They are the ones who change their hours or their decision to work based on whether there is care, or affordable care, for their kids. Sarah Cohodes professor of economics and education, Columbia University

There are about 1 million fewer mothers of elementary school-age kids working than mothers of middle and high school-age kids, according to data from the Center for American Progress, which studied 6 million students. These one million mothers are theoretically forfeiting a median wage of $35,000, which means the economy as a whole loses $35 billion. And mothers who work full time often forfeit their wages during school closings, resulting in another $20 billion loss for the economy. Extended school hours could also benefit employers, says Tim Daly, founder of academic advising firm EdNavigator. “One group who will be glad to hear about [Harris’s plan] is the employers,” he says. “They are the ones who ultimately have to make solutions work when school isn’t in session and parents take days off.” And extended school hours could also provide economic opportunity to low-income communities as, right now, less than one-third of low-income elementary schools have after-school programs. “We have a tremendous opportunity gap,” Rinehart says. “Children from wealthier families are getting a much broader range of opportunities.”

Why extending school hours may not be doable

Extending school hours could benefit both parents and employers, but it’s far from a slam dunk. Schools would find it hard, logistically, to plan extended hours, Rinehart says. For example, this year, New Mexico’s state legislature allocated $62 billion to schools who promise to lengthen their school year by 10 days and offer after-school programs for the 2019-2020 year. In Albuquerque alone, more than 100 schools were approved for the additional funding to run these programs, but only eight will be offering them. “Districts are just finding that it’s not doable in terms of school scheduling, teacher contracts, all the things that need to happen to implement that longer day,” Rinehart says. “So they are sending money back because they can’t manage it on that timeline.” The five-year cap on Harris’s plan is not encouraging for school districts, either. “What happens after five years?” she asks. “If I’m the superintendent of a local district and I go through all the hurdles, then find that the funds are going to dry up in five years, that’s hard for me to really think about doing.” Another concern is the quality of after-school programs. Sharon Chen teaches elementary school art in a North Texas public school district and says she worries that after-school care instructors don’t all seem well-prepared. Supervisors need to be “trained for a lot of kids with social and emotional issues,” she says.

Rethinking the role of public schools


Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: aditi shrikant
Keywords: news, cnbc, companies, day, lasts, hours, employers, work, say, families, schools, parents, programs, school, experts, afterschool, save, money, according, women, care


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5 tips to make sure you don’t overspend on your credit card

In order to make a credit card cost-effective, it’s crucial to make payments on time and in full to avoid incurring big interest charges. Below, CNBC Select reviews five tips to follow in order to avoid overspending on your credit card. The same goes for credit card rewards programs that earn cash back, points or miles. Using points to purchase a plane ticket is only a good deal if you’re not paying high interest on your credit card balance. Avoid store credit cardsIt can be tempting to sign up


In order to make a credit card cost-effective, it’s crucial to make payments on time and in full to avoid incurring big interest charges.
Below, CNBC Select reviews five tips to follow in order to avoid overspending on your credit card.
The same goes for credit card rewards programs that earn cash back, points or miles.
Using points to purchase a plane ticket is only a good deal if you’re not paying high interest on your credit card balance.
Avoid store credit cardsIt can be tempting to sign up
5 tips to make sure you don’t overspend on your credit card Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: alexandria white
Keywords: news, cnbc, companies, dont, overspend, offer, card, rewards, tips, spend, credit, avoid, spending, sure, money, afford


5 tips to make sure you don't overspend on your credit card

Credit cards are essential for building credit, but only if you’re smart about how you use them. The best credit cards offer generous welcome bonuses, rewards and added perks that may tempt you to spend more than you can afford. In order to make a credit card cost-effective, it’s crucial to make payments on time and in full to avoid incurring big interest charges. Below, CNBC Select reviews five tips to follow in order to avoid overspending on your credit card.

1. Only spend what you can afford to pay off right now

When you pay with a credit card, it’s easier to spend more than if you pay with cash since you’re not handing over any physical money. You don’t have to stop and think about whether you have enough in your wallet to cover your bill. To avoid spending more than you can afford, set some boundaries for yourself. You can turn on alerts so your card issuer will inform you once you’ve hit a certain dollar spending limit, whether that’s $200, $500 or $1,000. You can check your balance daily to make sure you don’t go over a certain amount. It can also be helpful to treat your credit card like a debit card, only spending up to the amount you have in your checking account (although ideally less, as you likely have other bills to pay).

2. Avoid impulse purchases

Also known as the 72-hour rule, avoiding impulse purchases is a great way to prevent overspending. When you scroll through social media, you may see ads for apparel or merchandise that tempt you to click and buy something on a whim. These ads are banking on impulse purchases, which can come at your downfall if you purchase things you don’t need — and can’t afford. Before purchasing an item from an ad or promotional offer, consider whether you really need it or just want it in the moment, and if you have the money to pay for it. If the item falls within your budget, still wait 72 hours before completing the purchase. Save the item in a note or bookmark it and wait to see if you remember after three days. In some cases, you may forget about it altogether, thus saving you money.

3. Start tracking your spending

Tracking your spending can help you better understand where your money goes each month. Once you know how you spend, you can create a budget that lists all your fixed expenses, such as rent/mortgage, cell phone, groceries and savings. Then you can see how much money you have leftover for flexible expenses, such as restaurants, clothing and entertainment costs. This budget should then help you understand how much money you can afford to spend each month, so you don’t overspend. For example, if you calculated that you have $500 leftover for various unfixed expenses, you can divide that up however you want. That may be $200 for dining out, $100 for clothing, $150 for entertainment and $50 for random purchases. Regardless how you divvy the money, this helps provide guidelines for how much you can afford to spend on non-essential items.

4. Don’t let rewards tempt you

Many credit cards offer welcome bonuses that can be worth over $500 if you meet the spending requirements. But if you overspend just to earn a bonus, you risk racking up debt and high interest charges that can counteract any rewards you earn. The same goes for credit card rewards programs that earn cash back, points or miles. For each dollar you spend, cards may offer anywhere from 1X rewards to 25X rewards. While these rewards can be a great perk, you can get into debt if you spend more than you can afford. Using points to purchase a plane ticket is only a good deal if you’re not paying high interest on your credit card balance.

5. Avoid store credit cards

It can be tempting to sign up for a store credit card when it comes with so many exclusive discounts. Unfortunately, these cards usually come with high variable interest rates, which can negate any savings if you’re carrying a balance. Avoid the temptation to take advantage of a new discount offer by not signing up for a store card in the first place.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.


Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: alexandria white
Keywords: news, cnbc, companies, dont, overspend, offer, card, rewards, tips, spend, credit, avoid, spending, sure, money, afford


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5 benefits of small business credit cards

Of course, finances are a huge consideration and small business credit cards can be a major asset, when used responsibly. Opening a small business credit card is a great way to streamline day-to-day business expenses while enjoying added perks, such as rewards and purchase protection. Below, CNBC Select reviews the benefits of small business credit cards that can add up to increased savings and easier expense management. Receive travel and purchase protectionsSimilar to personal credit cards, bu


Of course, finances are a huge consideration and small business credit cards can be a major asset, when used responsibly.
Opening a small business credit card is a great way to streamline day-to-day business expenses while enjoying added perks, such as rewards and purchase protection.
Below, CNBC Select reviews the benefits of small business credit cards that can add up to increased savings and easier expense management.
Receive travel and purchase protectionsSimilar to personal credit cards, bu
5 benefits of small business credit cards Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: alexandria white
Keywords: news, cnbc, companies, cards, card, cash, business, credit, travel, purchase, rewards, spending, purchases, small, benefits


5 benefits of small business credit cards

Small business owners manage a lot of responsibility, and when first starting out, you’re just as likely manage the trash pick up as manage the payroll. Of course, finances are a huge consideration and small business credit cards can be a major asset, when used responsibly. Opening a small business credit card is a great way to streamline day-to-day business expenses while enjoying added perks, such as rewards and purchase protection. Below, CNBC Select reviews the benefits of small business credit cards that can add up to increased savings and easier expense management.

1. Finance purchases and simplify cash flow

Small business credit cards provide a line of credit that can be used to purchase anything you may need for your business, from supplies to equipment. Without a credit card, you may not have the cash available to afford these purchases. Many business owners have to spend money to earn money, but that can be hard to do without a credit card. The line of credit can help your cash flow by giving you the ability to make purchases that can help you fulfill business orders. Many cards also offer interest-free financing so you can pay for purchases over time without incurring interest. The Blue Business® Plus Credit Card from American Express offers 0% for the first 12 months on purchases (then 14.74% to 20.74% variable APR). (See rates and fees).

2. Streamline employee expenses

It can be a hassle to reimburse employees for business spending on personal cards, so opting for a business card is a smart way to manage the process. Employees can use the card for all business expenses, and you’ll receive one bill with all your spending and any employee spending every month. Plus many card issuers provide free employee cards, such as the Capital One® Spark® Cash for Business and Ink Business Preferred℠ Credit Card. As the business owner, these cards give you more control of how much employees spend versus if they use a personal card. You can set spending limits and freeze cards as needed.

3. Earn rewards

Many business cards offer rewards programs that can earn you cash back, points or miles. All the purchases made on your business card account earn rewards — which includes any purchases employees make. Rewards can be redeemed in a variety of ways, such as statement credits, gift cards, merchandise and travel. The Business Platinum® Card from American Express offers rewards geared toward business that spend a lot on travel: Earn 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com and 1X points on all other purchases. There are also cards with simpler rewards programs. The Capital One® Spark® Classic for Business offers 1% cash back on every purchase.

4. Receive travel and purchase protections

Similar to personal credit cards, business cards provide numerous travel and purchase protections. This may include no foreign transaction fees, cell phone protection, purchase and extended warranty protection, trip cancellation or interruption insurance and auto rental damage collision waivers. All Capital One business credit cards offer no foreign transaction fees, auto rental damage collision waivers, travel and emergency assistance services, purchase security and extended warranty protection. If you want cell phone protection, the Ink Business Preferred℠ Credit Card offers coverage up to $600 per claim against covered theft or damage for you and your employees listed on your monthly cell phone bill when you pay it with your Ink Business Preferred℠ Credit Card. (Terms apply.)

5. Access account management tools

Most business cards offer quarterly and year-end summaries, plus the ability to download purchase records to accounting programs like Excel and Quickbooks. This allows you to easily track spending and simplify financials come tax season. Amex business cards allow you to review a year-end summary and send transactions to Quickbooks on a daily basis, after enrollment. Capital One business cards provide an easy view of recurring transactions, a year-end summary and the ability to download purchase records into Quicken, QuickBooks and Excel. Chase business cards offer quarterly reports and integration with bookkeeping software to simplify accounting. Don’t miss: Best small business credit cards

How to apply for a business credit card For rates and fees of the Blue Business® Plus Credit Card from American Express, click here.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.


Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: alexandria white
Keywords: news, cnbc, companies, cards, card, cash, business, credit, travel, purchase, rewards, spending, purchases, small, benefits


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You may need to save 40% of your paycheck to retire by 65, expert says — but don’t panic

Most financial experts would applaud you for putting away the recommended 10%-15% of your income each year for retirement. That, in large part, has fueled the growth of investment portfolios and retirement savings. Most people are not told by financial advisors that their future returns will likely be much lower than in the past, and their future taxes will likely be much higher. “I don’t think she’s wrong,” says Justin Halverson, a financial advisor at Great Waters Financial in Minnesota. Inste


Most financial experts would applaud you for putting away the recommended 10%-15% of your income each year for retirement.
That, in large part, has fueled the growth of investment portfolios and retirement savings.
Most people are not told by financial advisors that their future returns will likely be much lower than in the past, and their future taxes will likely be much higher.
“I don’t think she’s wrong,” says Justin Halverson, a financial advisor at Great Waters Financial in Minnesota.
Inste
You may need to save 40% of your paycheck to retire by 65, expert says — but don’t panic Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: sam becker, jen glantz
Keywords: news, cnbc, companies, future, retire, returns, savings, told, paycheck, likely, need, expert, mitchell, past, financial, taxes, save, panic, retirement, dont


You may need to save 40% of your paycheck to retire by 65, expert says — but don't panic

Most financial experts would applaud you for putting away the recommended 10%-15% of your income each year for retirement. Unfortunately, even 15% may not add up to nearly enough by age 65 if you’re a millennial or a member of Gen Z. Younger savers may need to set aside as much as 40% of their income if they hope to retire comfortably and on time, Olivia Mitchell, a professor and executive director of Wharton’s Pension Research Council at the University of Pennsylvania, recently told CNBC Make It. That can seem alarming, especially since so many young people already struggle to save. A recent survey from credit card comparison site Finty reveals that 24% of the millennials polled say they’re doing absolutely nothing to prepare for retirement, and 44% say they have less than $500 in total savings.

Why younger people may need to save more for retirement

“Most people are not told by financial advisors that their future returns will likely be much lower than in the past, and their future taxes will likely be much higher,” Mitchell told Make It. Over the past century, the S&P 500 has returned an average of 10% each year. That, in large part, has fueled the growth of investment portfolios and retirement savings. But experts predict that’s going to slow down. Andrew Sheets, chief cross-asset strategist at Morgan Stanley, recently told CNBC that investors should only expect average returns of 4.1% over the next decade. Mitchell says that taxes are likely to go up, too. The Social Security system is in a precarious position, and the budget deficit is increasing rapidly as well. Addressing those issues will probably, at some point, involve tax increases.

Most people are not told by financial advisors that their future returns will likely be much lower than in the past, and their future taxes will likely be much higher. Olivia Mitchell Professor, the Wharton School

Other experts agree with Mitchell. “I don’t think she’s wrong,” says Justin Halverson, a financial advisor at Great Waters Financial in Minnesota. Halverson says that “with forward-looking valuations, it doesn’t seem likely” that saving only 15% for retirement will cut it in the future. That said, getting anxious isn’t helpful — or necessary. “People get nervous when they hear these big numbers,” says Jacqui Kearns, the chief brand officer at New Jersey-based Affinity Federal Credit Union, like a 40% savings rate. Instead of worrying, though, she suggests you focus on what you want out of retirement and work toward those goals.

How you can increase your savings rate


Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: sam becker, jen glantz
Keywords: news, cnbc, companies, future, retire, returns, savings, told, paycheck, likely, need, expert, mitchell, past, financial, taxes, save, panic, retirement, dont


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Asia stocks mixed amid US-China trade uncertainty

Asia markets were mixed in Friday morning trade following a record close overnight on Wall Street for the S&P 500. Meanwhile, Australian stocks advanced in morning trade. Investors continue to monitor U.S.-China trade developments. White House economic adviser Larry Kudlow said Thursday that Washington is “getting close” to a trade deal with Beijing, Reuters reported. Markets have been on edge for much of the trading week amid uncertainty over the state of U.S.-China trade negotiations.


Asia markets were mixed in Friday morning trade following a record close overnight on Wall Street for the S&P 500.
Meanwhile, Australian stocks advanced in morning trade.
Investors continue to monitor U.S.-China trade developments.
White House economic adviser Larry Kudlow said Thursday that Washington is “getting close” to a trade deal with Beijing, Reuters reported.
Markets have been on edge for much of the trading week amid uncertainty over the state of U.S.-China trade negotiations.
Asia stocks mixed amid US-China trade uncertainty Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: eustance huang
Keywords: news, cnbc, companies, amid, uschina, economic, mixed, tariffs, week, feng, trade, index, asia, deal, morning, stocks, uncertainty, traded


Asia stocks mixed amid US-China trade uncertainty

Asia markets were mixed in Friday morning trade following a record close overnight on Wall Street for the S&P 500.

The Nikkei 225 in Japan rose fractionally in early trade while the Topix index added 0.15%. South Korea’s Kospi, on the other hand, slipped 0.1%.

Meanwhile, Australian stocks advanced in morning trade. The S&P/ASX 200 gained 0.36% as almost all the sectors traded higher.

Overall, the MSCI Asia ex-Japan index traded 0.17% higher.

Investors continue to monitor U.S.-China trade developments. White House economic adviser Larry Kudlow said Thursday that Washington is “getting close” to a trade deal with Beijing, Reuters reported.

Markets have been on edge for much of the trading week amid uncertainty over the state of U.S.-China trade negotiations.

Earlier this week, reports surfaced that talks between the economic powerhouses hit a snag over agricultural purchases.

Chinese Ministry of Commerce spokesman Gao Feng said Thursday that both countries are holding deep discussions about a “phase one” deal, but noted that the rolling back of some tariffs is key to reaching an agreement.

“The trade war was begun with adding tariffs, and should be ended by canceling these additional tariffs. This is an important condition for both sides to reach an agreement,” Feng said Thursday at a weekly press conference.


Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: eustance huang
Keywords: news, cnbc, companies, amid, uschina, economic, mixed, tariffs, week, feng, trade, index, asia, deal, morning, stocks, uncertainty, traded


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How to apply for a business credit card

As the name hints, you need to operate a business in order to apply for a business credit card. Many banks review your personal credit report in addition to your business credit report (when available). How to apply for a business credit cardOnce you choose the best business credit card for your needs, you can start the application process. Applying for a business credit card isn’t that different from applying for a personal credit card. How a business card affects your personal creditWhen you o


As the name hints, you need to operate a business in order to apply for a business credit card.
Many banks review your personal credit report in addition to your business credit report (when available).
How to apply for a business credit cardOnce you choose the best business credit card for your needs, you can start the application process.
Applying for a business credit card isn’t that different from applying for a personal credit card.
How a business card affects your personal creditWhen you o
How to apply for a business credit card Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: alexandria white
Keywords: news, cnbc, companies, enter, credit, apply, number, card, report, personal, company, business, sole


How to apply for a business credit card

There can be many benefit to using a small business credit card, from streamlining expenses to earning rewards. But you may wonder who qualifies as a business owner? Below, CNBC Select reviews who can apply for business credit cards, how to complete an application and how your personal credit is affected.

Who can apply for business credit cards?

As the name hints, you need to operate a business in order to apply for a business credit card. However, card issuers have pretty lenient requirements when it comes to defining a business. If you tutor in your spare time, freelance or resell products, you’ll likely qualify as a business owner. If your business is new and doesn’t have a credit history yet, you can still apply. Many banks review your personal credit report in addition to your business credit report (when available).

How to apply for a business credit card

Once you choose the best business credit card for your needs, you can start the application process. Applying for a business credit card isn’t that different from applying for a personal credit card. You’ll still be required to enter contact information, revenue and other details. Here’s what to expect on a business credit card application: Business name: The name of your company. If you freelance or have a sole proprietorship, enter your name.

The name of your company. If you freelance or have a sole proprietorship, enter your name. Business address and phone number: Where your business is located, which can be your personal address. And you can list a work or personal phone.

Where your business is located, which can be your personal address. And you can list a work or personal phone. Industry type and company structure: The industry your business falls under and whether you have a corporation, partnership, sole proprietorship, etc.

The industry your business falls under and whether you have a corporation, partnership, sole proprietorship, etc. Years in business: How long you’ve operated your business. If you have a new company, put zero.

How long you’ve operated your business. If you have a new company, put zero. Number of employees: How many employees are part of your company. If you are the only employee, enter one.

How many employees are part of your company. If you are the only employee, enter one. Annual business revenue: The amount of money your business makes each year. Report your total annual business revenue; not your business profit. Don’t exaggerate this number since you may be required to provide documentation verifying it.

The amount of money your business makes each year. Report your total annual business revenue; not your business profit. Don’t exaggerate this number since you may be required to provide documentation verifying it. Estimated monthly spend: Average monthly business expenses you plan to spend on the card.

Average monthly business expenses you plan to spend on the card. Tax identification number: This is either your employer identification number (EIN) or social security number (SSN), and sometimes both.

This is either your employer identification number (EIN) or social security number (SSN), and sometimes both. Personal information: This may include your home address, monthly rent/mortgage payments and total annual income.

How a business card affects your personal credit

When you open a business credit card, your personal credit will typically be reviewed by the card issuer, resulting in a hard inquiry on your personal credit report. This often causes your personal credit score to drop a few points, but it can bounce back in a few months with responsible card use. When you use a business card, the actions you take with your card may be reflected on your personal credit report. That means any balances and payment history can affect your personal credit. Some card issuers only report negative information to personal credit bureaus, while others may report both the good and the bad. You should always use your business credit card responsibly, with a plan to pay it off on time and in full each month, so you avoid damaging your personal credit.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.


Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: alexandria white
Keywords: news, cnbc, companies, enter, credit, apply, number, card, report, personal, company, business, sole


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A simple mental trick you can use to save money during the holidays

One way to save this season is by taking a step back and implementing the 72-hour rule before making a purchase. In practice, though, it can be difficult, especially when you’re shopping for the people you love. “When you’re thinking about purchasing during the holiday season, there’s a lot at stake for people in terms of their relationships. Why it worksCoambs says these last-minute impulse purchases are fueled by strategic marketing tactics and even your brain chemistry. When you’re thinking a


One way to save this season is by taking a step back and implementing the 72-hour rule before making a purchase.
In practice, though, it can be difficult, especially when you’re shopping for the people you love.
“When you’re thinking about purchasing during the holiday season, there’s a lot at stake for people in terms of their relationships.
Why it worksCoambs says these last-minute impulse purchases are fueled by strategic marketing tactics and even your brain chemistry.
When you’re thinking a
A simple mental trick you can use to save money during the holidays Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: ivana pino, jen glantz
Keywords: news, cnbc, companies, money, mental, holidays, shopping, trick, simple, purchases, right, purchasing, youre, season, save, impulse, theres, coambs, purchase


A simple mental trick you can use to save money during the holidays

During the holidays, the expectation to spend a lot on gifts combined with the pressure to find the perfect present for everyone on your list means you might find that you’re more prone to impulse shopping. The average U.S. consumer already spends $5,400 each year on impulse buys. But the spirit of giving doesn’t mean you have to splurge. One way to save this season is by taking a step back and implementing the 72-hour rule before making a purchase. Ed Coambs, licensed marriage and family therapist at Carolinas Couples Counseling in Matthews, North Carolina, says that if you can become more self-aware about your spending habits, you’re better positioned to cut down on impulsive purchases. Here’s how the 72-hour rule can make a huge difference to your mindset — and your budget.

The strategy

When you find yourself eyeing a sweater at the store or a pair of sneakers that are just out of your budget, don’t immediately get in line. Put the item back after making a note of it, including size, color, and where you can find it. Plan to return in three days if you’re sure it’s the right buy. Giving yourself time to think over your purchases is a good way to cut back on impulse spending. In practice, though, it can be difficult, especially when you’re shopping for the people you love.

“When you’re thinking about purchasing during the holiday season, there’s a lot at stake for people in terms of their relationships. So there’s the psychological process of, ‘I want to stay connected with this person, or family member, I’m worried that if I don’t do the purchase correctly, then I’ll experience relational disconnection,'” says Coambs. Still, slowing down and developing awareness about why you’re feeling the urge to buy can help you make sure you’re buying the right gifts for the right reasons.

Why it works

Coambs says these last-minute impulse purchases are fueled by strategic marketing tactics and even your brain chemistry. “Dopamine is one of the neurochemicals that is a feel-good chemical, and oxytocin, known as the love hormone, is another feel-good hormonal chemical that can be released in the process of purchasing,” says Coambs. Taking the time to mull over a purchase stops the release of those neurochemicals and can help you make a more informed decision about your purchases. Giving is about the thought behind the gift, after all, rather than the satisfaction of the splurge. Even your developmental history plays a role: Coambs suggests that impulsive shopping can stem from negative childhood experiences that make it harder to self-regulate and make decisions in line with your best interests.

When you’re thinking about purchasing during the holiday season, there’s a lot at stake for people in terms of their relationships. Ed Coambs marriage and family therapist


Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: ivana pino, jen glantz
Keywords: news, cnbc, companies, money, mental, holidays, shopping, trick, simple, purchases, right, purchasing, youre, season, save, impulse, theres, coambs, purchase


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Best credit cards for streaming services of November 2019

There are hundreds of cards available, all offering a wide range of perks, which can make it hard to find the best card for streaming services. To help you find the right card, we narrowed down 111 popular rewards cards to those that offer bonus rewards for streaming subscriptions. Here are CNBC Select’s picks for the top credit cards for streaming service rewards, ranked from highest to lowest rewards rate on eligible streaming services. That’s fairly reasonable, though there are other cards on


There are hundreds of cards available, all offering a wide range of perks, which can make it hard to find the best card for streaming services.
To help you find the right card, we narrowed down 111 popular rewards cards to those that offer bonus rewards for streaming subscriptions.
Here are CNBC Select’s picks for the top credit cards for streaming service rewards, ranked from highest to lowest rewards rate on eligible streaming services.
That’s fairly reasonable, though there are other cards on
Best credit cards for streaming services of November 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: alexandria white
Keywords: news, cnbc, companies, fee, streaming, earn, services, card, purchases, points, best, rewards, bonus, cards, cash, prime, credit, 2019


Best credit cards for streaming services of November 2019

Whether you binge watch the latest season of your favorite show in one sitting or stream movies, you likely pay for at least one streaming subscription. And every week there seems to be a new streaming service available to consumers, with the recent launch of Apple TV+ and Disney+, not to mention mainstays such as Netflix and Hulu. The cost of all these streaming subscriptions can add up, but if you use the right rewards credit card, you can earn cash back or points that can help offset some of the price of streaming your favorite content. There are hundreds of cards available, all offering a wide range of perks, which can make it hard to find the best card for streaming services. To help you find the right card, we narrowed down 111 popular rewards cards to those that offer bonus rewards for streaming subscriptions. (See our methodology for more information on how we choose the best cards.) Here are CNBC Select’s picks for the top credit cards for streaming service rewards, ranked from highest to lowest rewards rate on eligible streaming services. Blue Cash Preferred® Card from American Express (6%)

U.S. Bank Cash+™ Visa Signature® (5%)

Amazon Prime Rewards Visa Signature Card (5%)

Wells Fargo Propel American Express® Card (3X)

Citi Premier℠ Card (2X)

Blue Cash Preferred® Card from American Express Apply Now On American Express’s Secure Site Rewards 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% cash back on select U.S. streaming subscriptions, 3% cash back at U.S. gas stations, 3% cash back on transit including taxis/rideshare, parking, tolls, trains, buses and more and 1% cash back on other purchases

Welcome bonus $250 after you spend $1,000 on eligible purchases within the first 3 months from account opening

Annual fee $95

Intro APR 0% APR for the first 12 months on purchases and balance transfers

Variable APR 14.49% to 25.49%

Balance transfer fee 3%, $5 minimum

Foreign transaction fee 2.7%

Estimated rewards earned after 1 year $691*

Estimated rewards earned after 5 years $2,457

See rates and fees and our methodology, terms apply. Pros Unlimited 6% cash back on select U.S. streaming subscriptions

High 6% cash back at U.S. supermarket spending (up to $6,000 a year, then 1%)

Unlimited 3% cash back at U.S. gas stations and on transit

Amex Offers, which provide statement credits at select merchants

A year of no interest on new purchases and balance transfers Cons $95 annual fee

2.7% fee on purchases made abroad Who’s this for? If you prefer to Netflix and chill instead of going out on a Friday night, the Blue Cash Preferred® Card from American Express can earn you the most cash back on select U.S. streaming subscriptions at 6%. There are 25 streaming subscriptions that qualify for 6% cash back, including popular services like Netflix, Hulu, Spotify and Prime Video Unlimited, as well as services that are typically not included among other cards, such as ESPN+, Audible and YouTube. Who’s this for? If you prefer to Netflix and chill instead of going out on a Friday night, the Blue Cash Preferred® Card from American Express can earn you the most cash back on select U.S. streaming subscriptions at 6%. There are 25 streaming subscriptions that qualify for 6% cash back, including popular services like Netflix, Hulu, Spotify and Prime Video Unlimited, as well as services that are typically not included among other cards, such as ESPN+, Audible and YouTube. Cardholders can also earn 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), unlimited 3% cash back at U.S. gas stations and on transit-related purchases, such as tolls, parking, buses and rideshares, and 1% cash back on all other purchases. Additional perks include money-saving Amex Offers, which provide discounts and extra points at participating retailers. For example, right now if you spend $9.99 or more at Pandora.com, you get a $9.99 statement credit, through December 18. These limited-time offers are location-based and additional terms apply. This card does come with a $95 annual fee, but it can be offset by the cash back you earn and discounts you can get through the Amex Offers. *First year rewards total incorporates the points earned from the welcome bonus read more Apply Now On American Express’s Secure Site

U.S. Bank Cash+™ Visa Signature® Apply Now On U.S. Bank’s Secure Site Rewards 5% cash back on two categories you choose quarterly (on your first $2,000 in combined eligible net purchases each quarter, then 1%); 2% cash back on one everyday category; 1% cash back on everything else

Welcome bonus $150 after you spend $500 within the first 90 days of account opening

Annual fee $0

Intro APR 0% APR for the first 12 billing cycles on balance transfers

Variable APR 15.49% to 24.99%

Balance transfer fee 3%, minimum $5

Foreign transaction fee 2% to 3%

Estimated rewards earned after 1 year $353*

Estimated rewards earned after 5 years $1,167

See rates and fees and our methodology, terms apply. Pros No annual fee

High 5% cash back on select entertainment purchases, when you activate bonus categories

Low spending required to earn a good welcome bonus Cons 5% cash back is limited to $2,000 in combined purchases each quarter

Activation is required to earn 5% cash back

2% to 3% foreign transaction fee Who’s this for? The U.S. Bank Cash+™ Visa Signature® card offers the highest rewards rate on select entertainment purchases: 5% cash back. Cardholders can choose to earn 5% cash back on two bonus categories each quarter, on your first $2,000 in combined eligible net purchases, then 1%. There are currently two entertainment-related categories that earn 5% cash back: movie theaters and TV, along with internet and streaming services, which includes 15 providers such as Comcast, Apple Music and Hulu. You can choose both categories every quarter to maximize cash back. Who’s this for? The U.S. Bank Cash+™ Visa Signature® card offers the highest rewards rate on select entertainment purchases: 5% cash back. Cardholders can choose to earn 5% cash back on two bonus categories each quarter, on your first $2,000 in combined eligible net purchases, then 1%. There are currently two entertainment-related categories that earn 5% cash back: movie theaters and TV, along with internet and streaming services, which includes 15 providers such as Comcast, Apple Music and Hulu. You can choose both categories every quarter to maximize cash back. You also get 2% cash back on one everyday category, such as grocery stores or gas stations, and 1% cash back on all other purchases. Cardholders can update their preferences every quarter, so you can change categories based on your needs. This card also comes with no annual fee and a generous welcome bonus of $150 after you spend $500 within the first 90 days of account opening, which is like earning 30% cash back. *First year rewards total incorporates the points earned from the welcome bonus read more Apply Now On U.S. Bank’s Secure Site

Amazon Prime Rewards Visa Signature Card Learn More Information about the Amazon Prime Rewards Visa Signature Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication. Rewards 5% cash back at Amazon.com and Whole Foods Market; 2% back at restaurants, gas stations and drugstores; 1% back on all other purchases

Welcome bonus $70 Amazon.com gift card upon approval

Annual fee $0 (but Prime membership is required)

Intro APR None

Variable APR 16.24% to 24.24%

Balance transfer fee 5%, $5 minimum

Foreign transaction fee None

Estimated rewards earned after 1 year $506*

Estimated rewards earned after 5 years $2,253

See our methodology, terms apply. Pros No annual fee

$70 Amazon.com gift card upon approval, with no spending requirements

5% back at Amazon.com and Whole Foods Market

No fee charged on purchases made outside the U.S. Cons Prime membership is required

The 5% back on groceries only applies to groceries bought on Amazon.com or at Whole Foods Market Who’s this for? Frequent shoppers on Amazon and at Whole Foods Market will want to look into the Amazon Prime Rewards Visa Signature Card. All purchases made by Prime members at Amazon and Whole Foods Market get a robust 5% cash back. You can use this card to pay for your Prime membership (which includes Prime Video) and earn 5% cash back. This card also offers a $70 Amazon.com gift card upon approval as a one-time bonus. In addition to the generous 5% cash back at those two retailers, the card gives users 2% back on purchases made at restaurants, gas stations and drugstores and 1% back on all other purchases. Take note that the only subscription service earning bonus rewards is Prime Video. All other streaming services earn 1% back. Who’s this for? Frequent shoppers on Amazon and at Whole Foods Market will want to look into the Amazon Prime Rewards Visa Signature Card. All purchases made by Prime members at Amazon and Whole Foods Market get a robust 5% cash back. You can use this card to pay for your Prime membership (which includes Prime Video) and earn 5% cash back. This card also offers a $70 Amazon.com gift card upon approval as a one-time bonus. In addition to the generous 5% cash back at those two retailers, the card gives users 2% back on purchases made at restaurants, gas stations and drugstores and 1% back on all other purchases. Take note that the only subscription service earning bonus rewards is Prime Video. All other streaming services earn 1% back. As the name implies, you must have an eligible Prime membership to apply for this card ($119 for an annual membership and $12.99 for a monthly membership). If you don’t, opt for the Amazon Rewards Visa Signature Card, which doesn’t require a Prime membership and still offers 3% cash back at Amazon and Whole Foods. *First year rewards total incorporates the points earned from the welcome bonus read more Learn More Information about the Amazon Prime Rewards Visa Signature Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.

Wells Fargo Propel American Express® Card Learn More Information about the Wells Fargo Propel American Express® Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the cards prior to publication. Rewards 3X points on gas, dining out and ordering in; rideshares and transit; flights, hotels, homestays and car rentals; and popular streaming services; 1X points on all other purchases

Welcome bonus 30,000 bonus points when you spend $3,000 in purchases in the first 3 months

Annual fee $0

Intro APR 0% APR for the first 12 months on purchases and balance transfers

Variable APR 15.49% to 27.49%

Balance transfer fee 3%, $5 minimum

Foreign transaction fee None

Estimated rewards earned after 1 year $680*

Estimated rewards earned after 5 years $2,199

See our methodology, terms apply. Pros No annual fee

Strong rewards program with 3X points in a wide range of categories

No fee charged on purchases made outside the U.S.

No blackout dates on air travel when redeemed through Go Far Rewards Cons You must have a rewards balance of at least 2,500 points before you can start redeeming them

Balance transfers incur a 3% fee ($5 minimum)

American Express isn’t as widely accepted as Visa or Mastercard Who’s this for? The Wells Fargo Propel American Express® Card has a strong rewards program for a no annual fee card: Earn unlimited 3X points on gas, dining out and ordering in; rideshares and transit; flights, hotels, homestays and car rentals; and popular streaming services; plus 1X point on all other purchases. This card is a smart choice for all types of travelers, whether you like to fly, drive or take mass-transit. And this card not only gives you 3X points at gas stations but also on purchases at toll bridges and highways, parking lots and garages. And you earn a competitive 3X points on restaurants and take out, which is great while you’re traveling. When you’re ready to relax, you can enjoy 3X points on select streaming services, such as Netflix and Hulu. Who’s this for? The Wells Fargo Propel American Express® Card has a strong rewards program for a no annual fee card: Earn unlimited 3X points on gas, dining out and ordering in; rideshares and transit; flights, hotels, homestays and car rentals; and popular streaming services; plus 1X point on all other purchases. This card is a smart choice for all types of travelers, whether you like to fly, drive or take mass-transit. And this card not only gives you 3X points at gas stations but also on purchases at toll bridges and highways, parking lots and garages. And you earn a competitive 3X points on restaurants and take out, which is great while you’re traveling. When you’re ready to relax, you can enjoy 3X points on select streaming services, such as Netflix and Hulu. Wells Fargo makes it easy to redeem points for cash, gift cards or travel. There are no black-out dates when you make reservations through Go Far Rewards, but you can’t start redeeming points until you’ve earned 2,500. In addition to rewards, this card offers no interest on purchases and balance transfers for a full year (then 15.49% to 27.49% variable APR). If you have large upcoming expenses or debt on a non-Amex card, the Wells Fargo Propel American Express® Card provides a way to finance new and old debt without incurring interest charges. Balance transfers are charged a 3% fee, $5 minimum. There’s also cell phone protection for damage to or theft of your phone up to $600 per claim and $1,200 per 12-month period ($25 deductible applies and you must pay your bill with your Wells Fargo Propel American Express® Card). *First year rewards total incorporates the points earned from the welcome bonus read more Learn More Information about the Wells Fargo Propel American Express® Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the cards prior to publication.

Citi Premier℠ Card Learn More Information about the Citi Premier℠ Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the cards prior to publication. Rewards 3X points on travel including gas stations, 2X points at restaurants and on entertainment, 1X points on all other purchases

Welcome bonus 60,000 bonus points after making $4,000 in purchases with your card within the first 3 months of account opening (worth $750 in airfare)

Annual fee $95

Intro APR None

Variable APR 17.49% to 25.49%

Balance transfer fee 3%, $5 minimum

Foreign transaction fee None

Estimated rewards earned after 1 year $853*

Estimated rewards earned after 5 years $2,100

See our methodology, terms apply. Pros Strong rewards program for everyday purchases, including 2X points on entertainment purchases

Points are worth 25% more on airfare when booked at thankyou.com

No foreign transaction fees Cons $95 annual fee

No special financing offers Who’s this for? The Citi Premier℠ Card is a good option for frequent travelers, especially those who drive. This card offers 3X points on travel, which includes gas stations. It’s hard to find a card that classifies gas station spending as travel, so this is a nice perk. This card also earns 2X points at restaurants and on entertainment, which includes on-demand internet streaming media. Who’s this for? The Citi Premier℠ Card is a good option for frequent travelers, especially those who drive. This card offers 3X points on travel, which includes gas stations. It’s hard to find a card that classifies gas station spending as travel, so this is a nice perk. This card also earns 2X points at restaurants and on entertainment, which includes on-demand internet streaming media. Cardholders get the best value when they redeem rewards for airfare through thankyou.com where points are worth 25% more. For example, 60,000 points are worth $750 towards airfare. This card does have a $95 annual fee. That’s fairly reasonable, though there are other cards on this list offering more streaming services rewards with a lower or no annual fee. *First year rewards total incorporates the points earned from the welcome bonus read more Learn More Information about the Citi Premier℠ Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the cards prior to publication.

Our methodology

To determine which cards offer the best value, CNBC Select analyzed popular credit cards offered by the biggest banks, financial companies and credit unions that allow anyone to join and offer bonus rewards on streaming services. Bonus rewards means a cardholder earns at least 2% or 2 points per dollar in a given category. In this case, streaming services. We compared each card on a range of features, including cash-back rewards, welcome bonus, introductory and standard APR, balance transfer fee and foreign transaction fees, as well as factors such as required credit score and customer reviews when available. We also considered additional perks, the application process and how easy it is for the consumer to redeem points. CNBC Select teamed up with location intelligence firm Esri. The company’s data development team provided the most up-to-date and comprehensive consumer spending data based on the 2018 Consumer Expenditure Surveys from the Bureau of Labor Statistics. You can read more about their methodology here. Esri’s data team created a sample annual budget of approximately $21,852 in retail spending. This budget is comprised of the most common spending categories, including groceries ($5,019), gas ($2,394), dining out ($3,365), travel ($2,154), utilities ($4,959) and general purchases ($3,961). General purchases include items such as housekeeping supplies, clothing, personal care products, prescription drugs and vitamins, and other vehicle expenses. CNBC Select used this budget to estimate how much the average consumer would save over the course of a year, two years and five years, assuming they would attempt to maximize their rewards potential by earning all welcome bonuses offered and using the card for all applicable purchases. All rewards total estimations are net the annual fee. It’s important to note the value of a point or mile varies from card to card and based on how you redeem them. When we calculated the estimated returns, we assumed that cardholders are redeeming points/miles for a typical maximum value of 1 cent per point or mile. (Extreme optimizers might be able to achieve more value.) Our final picks are weighted heavily toward the highest five-year returns, since it’s generally wise to hold onto a credit card for years. This method also avoids giving an unfair advantage to cards with large welcome bonuses. While the five-year estimates we’ve included are derived from a budget similar to the average American’s spending, you may earn a higher or lower return depending on your spending habits.

Best credit cards for streaming services Credit Card Estimated rewards earned after 5 years Blue Cash Preferred® Card from American Express $2,457 Amazon Prime Rewards Visa Signature Card $2,253 Wells Fargo Propel American Express® Card $2,199 Citi Premier℠ Card $2,100 U.S. Bank Cash+™ Visa Signature® $1,167

For rates and fees of the Blue Cash Preferred® Card, click here.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.


Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: alexandria white
Keywords: news, cnbc, companies, fee, streaming, earn, services, card, purchases, points, best, rewards, bonus, cards, cash, prime, credit, 2019


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Chinese yuan could strengthen to 6.90 per US dollar if ‘phase one’ deal is signed, says economist

The Chinese yuan could strengthen against the greenback if China and the U.S. sign a so-called phase one trade agreement, according to an economist from Credit Agricole. “There are of course doubts about this phase one deal. Chinese currency traded both onshore and offshore have been hovering around 7.0 yuan per dollar for the past month. Movements in the yuan have largely depended on developments in the U.S.-China trade war, now in its second year. That’s one reason why the currency could appre


The Chinese yuan could strengthen against the greenback if China and the U.S. sign a so-called phase one trade agreement, according to an economist from Credit Agricole.
“There are of course doubts about this phase one deal.
Chinese currency traded both onshore and offshore have been hovering around 7.0 yuan per dollar for the past month.
Movements in the yuan have largely depended on developments in the U.S.-China trade war, now in its second year.
That’s one reason why the currency could appre
Chinese yuan could strengthen to 6.90 per US dollar if ‘phase one’ deal is signed, says economist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: yen nee lee
Keywords: news, cnbc, companies, phase, 690, signed, strengthen, theres, chinese, dollar, renminbi, currency, economist, trade, yuan, war, tariffs, deal


Chinese yuan could strengthen to 6.90 per US dollar if 'phase one' deal is signed, says economist

The Chinese yuan could strengthen against the greenback if China and the U.S. sign a so-called phase one trade agreement, according to an economist from Credit Agricole.

“We believe that if this phase one deal is done, including no more tariffs, then there’s room for renminbi to appreciate,” said Dariusz Kowalczyk, chief China economist at the French bank, referring to the other name of the Chinese currency.

“There are of course doubts about this phase one deal. But ultimately we believe there’s an 80% chance that it will be signed in this quarter and if that happens, the renminbi will probably drop to towards 6.90,” he told CNBC’s “Street Signs Asia” on Thursday.

Chinese currency traded both onshore and offshore have been hovering around 7.0 yuan per dollar for the past month. Onshore and offshore yuan last touched 6.90 against the greenback in August and July, respectively.

Movements in the yuan have largely depended on developments in the U.S.-China trade war, now in its second year. The two countries have slapped tariffs on each other’s products worth billions of dollars, which has weighed down the Chinese economy and currency.

But Kowalczyk said weakness in the yuan has “overcompensated” for the economic impact of tariffs. That’s one reason why the currency could appreciate on developments, such as the signing of the “phase one” trade deal, he explained.

“When you think of the big picture, what it has done since the start of the trade war practically in April-May 2018, the trade-weighted value of renminbi fell by 3.5%. But the average tariff level on Chinese exports globally, as a result of the U.S. tariffs on part of Chinese exports, increased by only 2.6%,” he said.

“So, the currency has overcompensated so far,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-11-14  Authors: yen nee lee
Keywords: news, cnbc, companies, phase, 690, signed, strengthen, theres, chinese, dollar, renminbi, currency, economist, trade, yuan, war, tariffs, deal


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