I have 10 credit cards — here’s how I manage them and how I decide when to open a new one

Ever since I began writing about credit cards three years ago, the number of credit cards in my wallet has steadily increased. While I’m nowhere near extreme credit card optimizers who have over 30 credit cards, 10 cards is still well above the national average of four. Check your credit score Once I decide that opening a new credit card is in my best interest, I check my credit score. There are dozens of free credit score resources available to help you pinpoint what credit range you fall into,


Ever since I began writing about credit cards three years ago, the number of credit cards in my wallet has steadily increased.
While I’m nowhere near extreme credit card optimizers who have over 30 credit cards, 10 cards is still well above the national average of four.
Check your credit score Once I decide that opening a new credit card is in my best interest, I check my credit score.
There are dozens of free credit score resources available to help you pinpoint what credit range you fall into,
I have 10 credit cards — here’s how I manage them and how I decide when to open a new one Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: alexandria white, elizabeth gravier
Keywords: news, cnbc, companies, heres, open, score, bonus, card, sapphire, decide, credit, rewards, cards, month, manage, annual, travel


I have 10 credit cards — here's how I manage them and how I decide when to open a new one

The author, Alexandria White, on a recent trip to Arizona that was made more affordable with the right credit cards.

Ever since I began writing about credit cards three years ago, the number of credit cards in my wallet has steadily increased. I recently hit double digits when I opened my tenth credit card, the Chase Sapphire Reserve®. While I’m nowhere near extreme credit card optimizers who have over 30 credit cards, 10 cards is still well above the national average of four. There’s no perfect answer to how many credit cards should you have, as long as you’re responsible about paying off your balance on time and in full each month. I opt to open more credit cards when I see a need — that may be financing upcoming purchases, booking travel at a discount or taking advantage of a generous welcome bonus. There are numerous ways to go about choosing the best credit card and below, I detail my process for choosing and managing multiple credit cards.

How I manage 10 credit cards

When to open a new credit card

Credit cards benefits to look out for

What to do before applying for a credit card

How to manage multiple bill payments

When to open a new credit card

There’s no single best time to open a credit card, but there are various life events and expenses that pop up that can be good opportunities to apply for new one. I consider various factors before I hit the ‘apply now’ button on any credit card application. Here are some questions I ask myself: Why do I want to open a credit card? I’ve opened new cards because I wanted to finance large purchases, earn a generous welcome bonus for a future trip and earn top-notch rewards.

I’ve opened new cards because I wanted to finance large purchases, earn a generous welcome bonus for a future trip and earn top-notch rewards. What new perks will this card offer? Some cards offer annual credits, trip protection and high rewards rates that make them beneficial. (More on these benefits later.)

Some cards offer annual credits, trip protection and high rewards rates that make them beneficial. (More on these benefits later.) Is the annual fee worthwhile? Some credit cards have annual fees upwards of $550 and spending that much on a card doesn’t make sense for everyone. Most of my cards have no annual fee or fees under $100, but there are situations where I calculated a high annual fee to be worthwhile. If you find an annual fee to be worthwhile initially, it’s OK to reevaluate the cost down the line if something changes, such as the Chase Sapphire Reserve® increasing its annual fee to $550. Read more: Here’s why I plan to cancel my Chase Sapphire Reserve

Credit cards benefits to look out for

Before you apply for a credit card, consider perks that add value. That may be high rewards rates, no interest periods or unique statement credits. When I search for cards, I always look for new benefits that aren’t offered by my current roster of cards. Better rewards rates Over the past year, my fixed expenses have changed, which caused an increase in the amount I spend on groceries, gas and transit each month. This made me reconsider the cards I use for those expenses. Previously, I used the American Express® Gold Card for those expenses, since it earns 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X). But I decided to move those expenses to the Blue Cash Preferred® Card from American Express, which offers a higher rewards rate of 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 3% cash back at U.S. gas stations and on transit (including parking, tolls, trains). Here’s how much more I earn in rewards from transferring those expenses to my Blue Cash Preferred Card, considering these spending habits: Groceries: $400 per month, $4,800 annually

$400 per month, $4,800 annually Gas: $50 per month, $600 annually

$50 per month, $600 annually Transit (tolls, parking, train): $225 per month, $2,700 annually

Estimated rewards earned American Express® Gold Card Blue Cash Preferred® Card from American Express Groceries $192 $288 Gas $6 $18 Transit $27 $81 Total $225 $387

By making this switch, I earn approximately $162 more in rewards each year, which is enough to cover the Blue Cash Preferred card’s $95 annual fee and my gas expenses for one month (see rates and fees). 0% interest periods A 0% APR credit card can provide up to 21 months of interest-free financing on new purchases, balance transfers or both. This allows you to get out of debt or finance new purchases over time without incurring interest charges. Most cards limit 0% APR offers to when you open the card, but some cards may provide occasional promotions. For example, I received a 0% APR for seven months on one of my cards four years after opening it. This interest-free period helped my pay for a class over time. Welcome bonus If you want to earn increased rewards during your first few months from account opening, a card offering a generous welcome bonus can be a great asset. I opened the Chase Sapphire Reserve® and received a welcome bonus of 50,000 bonus points after spending $4,000 on purchases in the first three months from account opening. This bonus is worth up to $750 toward travel when redeemed through Chase Ultimate Rewards®, thanks to points receiving 50% more value. While a welcome bonus is a great way to maximize rewards, you shouldn’t open a credit card solely based on bonus. If you decide a new card is worthwhile, consider opening a card with a welcome bonus when you have large expenses to charge to the card. You don’t want to spend over budget just to get the bonus. Statement credits Travel rewards credit cards often provide annual statement credits that help you save on airline fees, hotels, car rentals, food and more. Cards with these perks often come with annual fees, but they can be offset in part if you take full advantage of the statement credits. I have two cards that offer annual credits: the Sapphire Reserve and Amex Gold card. The Sapphire Reserve offers an annual $300 travel credit, which can be used on hotel bookings, airfare, transit and more, plus a credit toward a Global Entry ($100) or TSA PreCheck application fee ($85) every four years. The Amex Gold offers an annual $100 airline fee credit (for incidentals like seat upgrades and in-flight refreshments) and a $120 dining credit ($10 per month) for food at eligible restaurants, like Shake Shack and The Cheesecake Factory. I make sure to use the full value of the credits to offset the cost of each card — even if that means stopping by Shake Shack to grab coffee for ‘free.’ Travel perks Rewards credit cards often come with various travel benefits that include car rental insurance, baggage delay insurance, airport lounge access and exclusive offers at hotels. These perks can provide peace of mind when you travel and save you money. I saved over $350 on vacation last year by using my Amex Gold card’s travel perks, which include the airline fee credit and special perks at The Hotel Collection. I booked my hotel via American Express Travel and chose a resort in The Hotel Collection, which provided me with complimentary daily breakfast for two (up to $25 per person) and a $100 resort credit.

What to do before applying for a credit card

Review upcoming life decisions A new credit application can temporarily ding your credit score about five points. If you’re planning on applying for a mortgage or auto loan, it may be in your best interest to hold off on new credit card applications until after those actions are complete. Your credit score typically bounces back in a few months, so if an auto loan or mortgage is a ways off, it can be okay to apply for a credit card now. Check your credit score Once I decide that opening a new credit card is in my best interest, I check my credit score. There are dozens of free credit score resources available to help you pinpoint what credit range you fall into, including CreditWise from Capital One and Experian’s free credit score site. I use both services to check my credit score weekly since both provide different types of credit scores (VantageScore and FICO score, respectively). Since lenders use FICO scores in 90% of lending decisions, I opt for checking my Experian FICO score prior to credit card applications. The score you receive can influence what cards you may qualify for. For example, the Chase Sapphire Reserve® requires excellent credit — though that doesn’t mean you’re guaranteed approval if you have excellent credit or that you’ll be declined with good credit. When I checked my score before applying, I had a 759 credit score, which is in line with the very good credit score range (740 to 799) according to Experian. (Find out what is a good credit score.) I was approved for the Sapphire Reserve with a score that falls below the excellent credit range. Check your qualification odds Another step I sometimes take is filling out prequalification forms, which performs a soft pull of your credit without hurting your score. Prequalification helps you gauge which cards you have a good chance at qualifying for, though it’s not a surefire sign you’ll be approved. When I filled out Chase’s prequalification form, no credit card offers came up, but that’s not the end of the line — I still applied for the Sapphire Reserve and got approved. (Note that no two applications are the same, and you may or may not be approved for cards, regardless of prequalification forms.) Remove any credit freezes After I settle on a credit card, I unfreeze my credit reports since I instituted credit freezes with all three bureaus (Experian, Equifax and TransUnion) after the Equifax hack in 2017. You can’t apply for new credit when there’s a credit freeze in place, so make sure you temporarily lift it before you submit an application. Wait an hour after the lift is requested to apply. According to the FTC, if you unfreeze online or by phone, the credit bureau must lift it within one hour. I always wait an hour and have never run into an issue. Be proactive: Freeze your credit reports now

How to manage multiple bill payments

Ten credit cards is a lot to manage. I have 10 different bills with various due dates, balances, minimum payments and APRs. Here’s how I manage all these terms and ensure I submit payments on time without driving myself crazy. Set up autopay as a safety net While autopay is an option that can streamline bill payments, I don’t rely on it. I have it set up for two of my 10 cards, but only as a safety net. I prefer to make credit card bill payments manually. Set reminders I have 10 recurring reminders on my phone for when bills are due each month. I list the abbreviated card name and the due date. Once I pay off my bill, I check off the payment reminder. I also set payment reminders with my card issuer. These alert me when my statement is ready and again when my bill is due in 10 days. Change bill due dates Many credit cards allow you to change your due date, and I take advantage of this feature. You can adjust the due dates to when you get paid to make things easier. Personally, I have due dates divided into the beginning, middle and end of the month. I try to make the due dates the same day for all credit cards from the same issuer. For example, I have two Amex cards and made the due dates on the same day. Then I can just go in and pay both bills at the same time every month. Always pay on time and in full Payment history is the most important factor of your credit score, which makes it key to always pay at least your minimum payment on time. I always pay off my credit cards in full — except on a 0% APR card that I’m using to finance a purchase. But even then, I have a plan on what I need to pay each month to ensure I have no balance when the interest-free period ends. This helps me maintain good payment history and a low utilization rate (which is the total amount of credit you’re using compared to your total credit limit). For rates and fees of the American Express® Gold Card, click here. For rates and fees of the Blue Cash Preferred® 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: 2020-01-22  Authors: alexandria white, elizabeth gravier
Keywords: news, cnbc, companies, heres, open, score, bonus, card, sapphire, decide, credit, rewards, cards, month, manage, annual, travel


    • Forum
    • Topics
    • Posts
    • Last Post

Discover it Cash Back review: Earn 5% cash back for a limited time at grocery stores and Walgreens, CVS

Discover it® Cash Back Apply Now Rewards 5% cash back at different places each quarter after you activate bonus categories (on up to $1,500 in purchases, then 1%). If you maximize your spending in these categories, you could earn $75 cash back each quarter on top of the 1% cash back you earn in all the other categories. Now until March, you can earn 5% cash back at grocery stores (excluding Target and Walmart), Walgreens and CVS. Activation for the next quarter’s bonus categories starts Feb. 1,


Discover it® Cash Back Apply Now Rewards 5% cash back at different places each quarter after you activate bonus categories (on up to $1,500 in purchases, then 1%).
If you maximize your spending in these categories, you could earn $75 cash back each quarter on top of the 1% cash back you earn in all the other categories.
Now until March, you can earn 5% cash back at grocery stores (excluding Target and Walmart), Walgreens and CVS.
Activation for the next quarter’s bonus categories starts Feb. 1,
Discover it Cash Back review: Earn 5% cash back for a limited time at grocery stores and Walgreens, CVS Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: elizabeth gravier, alexandria white
Keywords: news, cnbc, companies, discover, balance, categories, stores, earn, grocery, limited, bonus, review, walgreens, cvs, fee, purchases, rewards, cash


Discover it Cash Back review: Earn 5% cash back for a limited time at grocery stores and Walgreens, CVS

Discover it® Cash Back Apply Now Rewards 5% cash back at different places each quarter after you activate bonus categories (on up to $1,500 in purchases, then 1%). Plus, unlimited 1% cash back on all other purchases.

Welcome bonus At the end of your first year, Discover automatically matches all the cash back you earned

Annual fee $0

Intro APR 0% for the first 14 months on purchases and balance transfers

Regular APR 13.49% to 24.49% variable on purchases and balance transfers

Balance transfer fee 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*

Foreign transaction fee None

Credit needed Excellent/Good

*See our methodology, terms apply. Pros Cash-back program

No annual fee

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

Generous welcome bonus Cons Bonus categories must be activated each quarter

Cash-back program limits 5% cash-back earnings to $1,500 a quarter

Fee charged on balance transfers Estimated rewards earned after 1 year: $696

$696 Estimated rewards earned after 5 years: $2,088 Rewards totals incorporate the cash back earned from the welcome bonus read more Apply Now On Discover’s secure site

Discover it Cash Back review

Rewards Additional benefits Fees Bottom line

Rewards

Like the Chase Freedom®, the Discover it® Cash Back offers 5% cash back in rotating categories on up to $1,500 in combined purchases after you activate the bonus every quarter. After you reach the limit, it’s 1% on all purchases. If you maximize your spending in these categories, you could earn $75 cash back each quarter on top of the 1% cash back you earn in all the other categories. Now until March, you can earn 5% cash back at grocery stores (excluding Target and Walmart), Walgreens and CVS. Activation for the next quarter’s bonus categories starts Feb. 1, 2020. This card has a unique welcome bonus where Discover automatically matches all the cash back you earned at the end of your first year. There is no limit to how much Discover will match. CNBC Select calculated how many rewards the average American can earn if they optimize the way they use their Discover it Cash Back. We worked with the location intelligence firm Esri, who provided us with a sample annual spending budget of $21,852. The budget includes six main categories: groceries ($5,019), gas ($2,394), dining out ($3,365), travel ($2,154), utilities ($4,959) and general purchases ($3,961). Here’s a breakdown of how much cash back you can roughly earn in each category, annually: Groceries: $100.38

$100.38 Gas: $47.88

$47.88 Dining out: $67.30

$67.30 Travel: $21.54

$21.54 Utilities: $49.59

$49.59 General purchases: $61.31

$61.31 Total: $348 Cardholders can earn an estimated $696 in cash back the first year (including the cash back from the welcome bonus) and a total of $2,088 over five years. The cash back doesn’t expire and you can redeem your rewards at any time for statement credits, gift cards, merchandise and more.

Additional benefits

The Discover it® Cash Back offers a competitive 0% APR for the first 14 months on purchases and balance transfers (then 13.49% to 24.49% variable APR). Its contactless tap-to-pay technology makes it fast and easy to pay at millions of places. This card also automatically waives your first late payment fee but don’t make missing payments a habit. Beyond the additional fees, you risk damaging your credit score and potentially paying a higher penalty interest rate. (Check out CNBC Select’s steps you can take to prevent late payments.)

Fees

The Discover it® Cash Back card has no annual fee and no foreign transaction fee. There is a 3% intro balance transfer fee and up to 5% fee on future balance transfers (see terms).

Bottom line

Our methodology

To determine which credit cards offer the best value, CNBC Select analyzed 234 of the most popular credit cards available in the U.S. We compared each card on a range of features, including rewards, welcome bonus, introductory and standard APR, balance transfer fee and foreign transaction fees, as well as factors such as required credit 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. 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 shopping habits. Information about the Chase Freedom® and Alliant Cashback Visa® Signature Credit Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the cards prior to publication.

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: 2020-01-22  Authors: elizabeth gravier, alexandria white
Keywords: news, cnbc, companies, discover, balance, categories, stores, earn, grocery, limited, bonus, review, walgreens, cvs, fee, purchases, rewards, cash


    • Forum
    • Topics
    • Posts
    • Last Post

The right side hustles helped a zookeeper and her spouse pay off $98,000 in debt in under 3 years

Steffa wanted to quit and stay home instead, but there was a problem: She and CJ were also $205,000 in debt. Before she quit, the Mantillas vowed to pay off their $40,000 in non-mortgage debt. “Basically, we never said ‘no’ to anything because we figured we could afford it,” Steffa realized. Steffa Mantilla personal finance blogger, zookeeperAny overtime or extra commission money earned by CJ went towards the debt as well. Courtesy Steffa Mantilla”When we paid off the debt — everything except th


Steffa wanted to quit and stay home instead, but there was a problem: She and CJ were also $205,000 in debt.
Before she quit, the Mantillas vowed to pay off their $40,000 in non-mortgage debt.
“Basically, we never said ‘no’ to anything because we figured we could afford it,” Steffa realized.
Steffa Mantilla personal finance blogger, zookeeperAny overtime or extra commission money earned by CJ went towards the debt as well.
Courtesy Steffa Mantilla”When we paid off the debt — everything except th
The right side hustles helped a zookeeper and her spouse pay off $98,000 in debt in under 3 years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: ben jay
Keywords: news, cnbc, companies, spouse, mortgage, pet, job, debt, paid, zookeeper, realized, 98000, right, pay, helped, steffa, hustles, budget


The right side hustles helped a zookeeper and her spouse pay off $98,000 in debt in under 3 years

Steffa Mantilla started out in the bird department at Chicago’s Brookfield Zoo before reaching her goal of becoming a senior cheetah keeper at the Houston Zoo. But in 2017, after 11 years as a zookeeper, the job had begun to take its toll. Mantilla’s earnings had remained nearly stagnant over the course of her career, the hours were terrible, and she wasn’t interested in moving up to a management position and limiting her work with animals. She made about $15/hour as a zookeeper in Houston, or about $1,800 each month, which was just $2.50/hour more than she earned at her first real job in at the Brookfield Zoo. Her husband CJ earns about $70,000 annually as a medical device sales rep, plus bonuses for hitting sales quotas, which can add thousands of dollars onto their joint income. With the baby on the way, they were also expecting to pay $900/month on child care. Steffa wanted to quit and stay home instead, but there was a problem: She and CJ were also $205,000 in debt. They had a $165,000 mortgage, a $26,000 car loan, $12,000 in student loans, and iPhones purchased on a payment plan for $2,000. They made a $1,200 mortgage payment every month but were treading water otherwise: They never added to the load but they didn’t reduce it either. Before she quit, the Mantillas vowed to pay off their $40,000 in non-mortgage debt. They were able to not only achieve their goal, but exceed it: Two and a half years later, the couple has paid off $98,000, including every last penny of their non-mortgage debt, thanks to Steffa’s smart choice of side hustles and some strategic cutbacks. Here’s how they made it happen.

Steffa Mantilla with Cleo (left) and with her son and husband, CJ (right). Courtesy Steffa Mantilla

The strategy: Prioritize, and start a lucrative side hustle

Once Steffa decided to leave her job in 2017, she and CJ sat down to overhaul their budget. A review of their household budget revealed that they spent an average of $800 each month at restaurants and about $600 on groceries, as well as hundreds more on “lots of expensive outings.” They also highlighted one-time expenses that were beyond their means, such as the $20,000 they spent on a week-long trip to Africa. “Basically, we never said ‘no’ to anything because we figured we could afford it,” Steffa realized. They reduced these expenses, since they feared entirely eliminating them outright would be too big of a lifestyle adjustment to maintain. “One thing we realized was that we couldn’t make our budget superstrict or we wouldn’t stick with it,” says Mantilla. They “budgeted for one or two restaurants a week.” By cutting back on dining out and planning meals and grocery purchases instead, which they coordinated through an app, Steffa and her husband were able to free up about $1,800 in their budget each month, which they put toward paying off their debts.

One thing we realized was that we couldn’t make our budget superstrict or we wouldn’t stick with it. Steffa Mantilla personal finance blogger, zookeeper

Any overtime or extra commission money earned by CJ went towards the debt as well. Devoting that money exclusively to debt payments and living entirely on CJ’s salary also allowed them to evaluate whether it would be feasible for her to quit. Once all the adjustments were made and they committed to a monthly budget, they realized that, if Steffa left her job, they’d only be $500 short of what they needed to make ends meet and keep up with their mortgage payments. With years of professional experience handling animals, pet sitting was an obvious way to make up the difference. The Rover account Steffa set up after quitting quickly built enough of a client base to earn $500/month taking care of cats and walking dogs. “I could market it pretty easily, to hire a former zookeeper to take care of your pet,” she says.

The celebration: Fancy dinner and, soon, a vacation

In two and a half years, the Mantillas have paid off about $98,000 in debt: They wiped out all $40,000 of their non-mortgage debt and then paid down $40,000 of the mortgage. More recently, they paid an additional $18,000 toward the mortgage with money from CJ’s bonuses. They still have $107,000 left on the mortgage, but they’re on track to pay it down over the next three years. Since quitting her full-time job, Steffa’s monthly earnings total about $500, with about $250 to $300 coming from a few regular pet sitting clients and another $250 from affiliate marketing on her personal finance blog, Plantsonify. The biggest payoff, however, is that working as a freelance pet sitter has allowed her to achieve a work-life balance that’s sustainable for her. Steffa’s son is able to accompany her on her pet visits, and she’s in-demand enough to accept only clients with cats and small to medium-sized dogs.

Courtesy Steffa Mantilla

“When we paid off the debt — everything except the mortgage — the celebration was, ‘Yay, now we have a baby! And I can stay at home!'” says Steffa. “We just went out to dinner, we didn’t do anything supercrazy. And then we were basically superexhausted for the next few months with the baby.” The main goal right now is to pay off the house. Once that’s done, they’re hoping to take an international vacation. Spain is on their list of potential destinations.

The opportunity: Saving for retirement


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: ben jay
Keywords: news, cnbc, companies, spouse, mortgage, pet, job, debt, paid, zookeeper, realized, 98000, right, pay, helped, steffa, hustles, budget


    • Forum
    • Topics
    • Posts
    • Last Post

Best credit cards for good credit in 2020

The Citi® Double Cash Card is a straightforward rewards card that offers one of the best flat-rate cash-back programs. Unlike many balance transfer cards that charge a 3% to 5% fee per transfer, this card has no balance transfer fee. Check out CNBC Select’s best 0% APR credit cards. Check out CNBC Select’s best no annual fee credit cards. Information about the Capital One® Venture® Rewards Credit Card, Chase Freedom®, Amex EveryDay® Credit Card, and Wells Fargo Propel American Express® Card has


The Citi® Double Cash Card is a straightforward rewards card that offers one of the best flat-rate cash-back programs.
Unlike many balance transfer cards that charge a 3% to 5% fee per transfer, this card has no balance transfer fee.
Check out CNBC Select’s best 0% APR credit cards.
Check out CNBC Select’s best no annual fee credit cards.
Information about the Capital One® Venture® Rewards Credit Card, Chase Freedom®, Amex EveryDay® Credit Card, and Wells Fargo Propel American Express® Card has
Best credit cards for good credit in 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: alexandria white, elizabeth gravier
Keywords: news, cnbc, companies, cash, fee, best, rewards, balance, apr, good, cards, card, transfer, purchases, bonus, 2020, credit


Best credit cards for good credit in 2020

Best credit cards for good credit

Best for Travel

Capital One® Venture® Rewards Credit Card Learn More Rewards 5X miles on hotel and rental cars booked through Capital One Travel℠, 2X miles per dollar on every other purchase, plus 10X miles on thousands of hotels on hotels.com/venture (through January 2020)

Welcome bonus 50,000 bonus miles once you spend $3,000 on purchases within the first 3 months from account opening

Annual fee $0 first year, then $95

Intro APR N/A for purchases and balance transfers

Regular APR 17.49% to 24.74% variable on purchases and balance transfers

Balance transfer fee 3% for promotional APR offers; none for balances transferred at regular APR

Foreign transaction fee None

Credit needed Excellent/Good

See our methodology, terms apply. Pros Annual fee is waived the first year

10X miles at hotels.com/venture through January 2020

Global Entry or TSA PreCheck application fee credit up to $100 every 4 years Cons No introductory APR

There’s a $95 annual fee after the first year Estimated rewards earned after 1 year: $988

$988 Estimated rewards earned after 5 years: $2,805 *Rewards totals incorporate the miles earned from the welcome bonus. When we calculated the first year returns for the Capital One® Venture® Rewards Credit Card, we assumed the cardholder would spend $572 a year on hotel rooms booked via hotels.com/venture. Since the 10X miles offer is only valid through January 2020, we assumed 5X miles for hotel purchases for years 2 through 5. You may earn a higher or lower return depending on your travel spending habits. read more Learn More Information about the Capital One® Venture® Rewards Credit Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.

Who’s this for? The Capital One® Venture® Rewards Credit Card offers the best rewards rate on select hotel purchases: Earn 10X miles per $1 spent on thousands of hotels booked on hotels.com/venture through January 2020 (if you spend $500 on the site, you earn 5,000 miles). If you’re looking to take a trip soon, this is a great way to maximize the amount of miles you can earn. This card also earns 5X miles on hotel and rental cars booked through Capital One Travel℠ and 2X miles per dollar spent on all other spending, which is a great flat rate. While Venture does come with a $95 annual fee, it’s waived during the first year. And $95 is low compared to some other rewards cards, with some annual fees up to $550. In addition to rewards, every four years cardholders receive a credit for a Global Entry or TSA PreCheck application, up to $100. If you travel often, this is a great perk that can save you time and money. This card has no foreign transaction fees and comes with a bunch of additional travel perks, such as travel accident insurance, 24-hour travel assistance services and an auto rental collision damage waiver. Check out CNBC Select’s best travel credit cards.

Best for Cash Back

Citi® Double Cash Card Apply Now Rewards 2% cash back: 1% on all purchases and an additional 1% after you pay your credit card bill

Welcome bonus No current offer

Annual fee $0

Intro APR 0% for the first 18 months on balance transfers; N/A for purchases

Regular APR 15.49% to 25.49% variable on purchases and balance transfers

Balance transfer fee 3%, minimum $5

Foreign transaction fee 3%

Credit needed Excellent/Good

See our methodology, terms apply. Pros 2% cash back on all purchases

Simple cash-back program that doesn’t require activation or spending caps

One of the longest intro periods for balance transfers at 18 months Cons No welcome bonus, so you can’t maximize rewards during the first few months of card opening

Minimum cash-back redemption of $25

3% fee charged on purchases made outside the U.S. Estimated rewards earned after 1 year: $437

$437 Estimated rewards earned after 5 years: $2,185 read more Apply Now On Citi’s secure site

Who’s this for? The Citi® Double Cash Card is a straightforward rewards card that offers one of the best flat-rate cash-back programs. Cardholders earn 2% cash back on all purchases — 1% when you make a purchase and an additional 1% when you pay your credit card bill. There is no limit to the amount of cash back you can earn, and you don’t have to worry about activating bonus categories. Cash back can be redeemed for a statement credit or direct deposit. This card is also a good choice for debt consolidation: There’s a 0% APR for the first 18 months on balance transfers (then 15.49% to 25.49% variable APR). Just make sure you transfer balances within four months from account opening. There is a 3% balance transfer fee (minimum $5), which can be outweighed by the amount you save on interest if you make a plan to pay off the balance transfer during the intro period. Check out CNBC Select’s best cash-back credit cards.

Best Welcome Bonus

Chase Freedom® Learn More Rewards 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate (then 1%), 1% cash back on all other purchases

Welcome bonus $200 cash back after you spend $500 on purchases in your first 3 months from account opening

Annual fee $0

Intro APR 0% for the first 15 months on purchases and balance transfers

Regular APR 16.49% to 25.24% variable on purchases and balance transfers

Balance transfer fee 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a $5 minimum. After, 5% ($5 minimum).

Foreign transaction fee 3%

Credit needed Excellent/Good

See our methodology, terms apply. Pros No annual fee

Long intro 0% APR period for purchases and balance transfers

Rewards can be transferred to a Chase Ultimate Rewards card

Generous welcome bonus

Opportunity to earn up to 5% cash back in select categories upon activation Cons Bonus categories must be activated each quarter

Cash-back program limits 5% cash-back earnings to $1,500 a quarter

3% fee charged on foreign transactions Estimated rewards earned after 1 year: $538

$538 Estimated rewards earned after 5 years: $1,892 Rewards totals incorporate the cash back earned from the welcome bonus read more Learn More Information about the Chase Freedom® Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.

Who’s this for? The Chase Freedom® offers a generous $200 cash back after you spend $500 on purchases in your first three months from account opening. That’s like earning 40% cash back. The $500 spending requirement is very low compared to other credit cards that may require upwards of $4,000. This card has a rotating cash-back program: Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate (then 1%) and 1% cash back on all other purchases. The bonus categories for January through March include: gas stations, select streaming services and internet, cable and phone services. Check out the 2020 Chase Freedom cash-back calendar. The Chase Freedom® has no annual fee and offers a competitive 0% APR for the first 15 months on purchases and balance transfers (then 16.74% to 25.49% variable APR). This allows you to pay for large purchases over time without incurring interest. Check out CNBC Select’s best credit card welcome bonuses.

Best 0% APR Period

Amex EveryDay® Credit Card Learn More Rewards 2X Membership Rewards® points at U.S. supermarkets on up to $6,000 per year in purchases (then 1X), 1X Membership Rewards® points per dollar spent on all other purchases

Welcome bonus Earn 10,000 Membership Rewards® points after you make $1,000 in purchases in your first 3 months

Annual fee $0

Intro APR 0% for the first 15 months on purchases and balance transfers

Regular APR 14.49% to 25.49% variable APR

Balance transfer fee $0

Foreign transaction fee 2.7%

Credit needed Excellent/Good

See rates and fees and our methodology, terms apply. Pros 15 months of no interest on balance transfers

No balance transfer fee

No annual fee

Rewards program and welcome bonus, which is rare among no-fee balance transfer cards

20% extra point bonus when you make 20 or more purchases in a billing period Cons 2.7% foreign transaction fee

Balances must be transferred within 60 days from account opening Transfer timeline: Balances must be transferred within 60 days from account opening

Balances must be transferred within 60 days from account opening Estimated total fees and interest on debt repayment: $452 read more Learn More Information about the Amex EveryDay® Credit Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.

Who’s this for? If you want to maximize savings with a balance transfer or pay for new purchases over time, consider the Amex EveryDay® Credit Card, which offers a 0% APR for the first 15 months on purchases and balance transfers (then 14.49% to 25.49% variable APR). This is a longer-than-average intro period, providing extra time for you to pay off debt when you make sizable monthly payments toward your balance. All balance transfers must take place within the first 60 days from account opening to qualify for the introductory period. Unlike many balance transfer cards that charge a 3% to 5% fee per transfer, this card has no balance transfer fee. If you transfer $5,000 to this card, you’d avoid the $150 fee that you’d pay if you had a card with a 3% balance transfer fee. (See more on how to make the most of a balance transfer.) This card also has no annual fee and a rewards program: Earn 2X Membership Rewards® points at U.S. supermarkets on up to $6,000 per year in purchases (then 1X) and 1X Membership Rewards® points per dollar spent on all other purchases. And when you make 20 or more purchases in a billing period you receive 20% extra points. Cardholders can also take advantage of premium Amex perks, including discounts at select merchants via Amex Offers, car rental loss and damage insurance, free two-day shipping at select online retailers with ShopRunner and cell phone protection. Check out CNBC Select’s best 0% APR credit cards.

Best for No Annual Fee

Wells Fargo Propel American Express® Card Learn More Rewards 3X points on dining out and ordering in; gas, rideshares and transit; flights, hotels, homestays and car rentals; and popular streaming services. 1X points on all other purchases

Welcome bonus 20,000 bonus points when you spend $1,000 in purchases in the first 3 months

Annual fee $0

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

Regular APR 15.49% to 27.49% variable

Balance transfer fee Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening. After that, up to 5% for each balance transfer, with a minimum of $5

Foreign transaction fee None

Credit needed Excellent/Good

See our methodology, terms apply. Pros No annual fee

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

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

No blackout dates on air travel when redeemed through Go Far Rewards Cons Minimum reward redemption amount of 2,500 points

Balance transfers incur a 3% fee ($5 minimum) Estimated rewards earned after 1 year: $572

$572 Estimated rewards earned after 5 years: $2,059 Rewards totals incorporate 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 card prior to publication.

Who’s this for? The Wells Fargo Propel American Express® Card is a well-rounded card that offers unlimited 3X points per dollar spent on dining out, ordering in, travel and a number of streaming services, including Apple Music, Hulu, Netflix and Spotify Premium — all for no annual fee. Frequent travelers will like this card because it gives you points not just on flights and hotels but also car rentals, homestays and ridesharing services. There are no blackout dates on flights booked through Go Far® Rewards, and there are no foreign transaction fees. There’s also an impressive welcome bonus for a no annual fee card: Earn 20,000 points after you spend $1,000 within the first three months. That’s the equivalent to $200 in cash back. The additional perks geared toward travelers are also worth noting: Cardholders can take advantage of lost luggage reimbursement, car rental loss and damage insurance, roadside assistance and 24/7 travel and emergency assistance. This card also provides a year of no interest on purchases and balance transfers. (After the introductory period there’s a 15.74% to 27.74% variable APR.) If you have expected upcoming expenses that you want to pay for over time, or you’re looking to consolidate debt, the Wells Fargo Propel American Express® Card can help you finance debt without incurring interest charges. Check out CNBC Select’s best no annual fee credit cards.

Best credit cards for good credit Best for… Credit card Travel Capital One® Venture® Rewards Credit Card Cash back Citi® Double Cash Card Welcome bonus Chase Freedom® 0% APR period Amex EveryDay® Credit Card No annual fee Wells Fargo Propel American Express® Card

Our methodology

To determine which credit cards offer the best value, CNBC Select analyzed 234 of the most popular credit cards available in the U.S. We compared each card on a range of features, including rewards, welcome bonus, introductory and standard APR, balance transfer fee and foreign transaction fees, as well as factors such as required credit 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. 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 shopping habits. For rates and fees of the Amex EveryDay® Credit Card, click here. Information about the Capital One® Venture® Rewards Credit Card, Chase Freedom®, Amex EveryDay® Credit Card, and 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.

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: 2020-01-22  Authors: alexandria white, elizabeth gravier
Keywords: news, cnbc, companies, cash, fee, best, rewards, balance, apr, good, cards, card, transfer, purchases, bonus, 2020, credit


    • Forum
    • Topics
    • Posts
    • Last Post

Sainsbury’s Coupe will step down as CEO in May

The Sainsbury’s logo stands above the entrance to the J Sainsbury Plc flagship store in London, U.K.Mike Coupe will step down as CEO of Sainsbury’s at the end of May after six years at the helm, with Britain’s second-largest supermarket group opting for continuity by choosing retail and operations director Simon Roberts as his successor. Coupe has faced questions about his future since April when Britain’s competition regulator blocked Sainsbury’s attempt to take over Walmart-owned rival Asda fo


The Sainsbury’s logo stands above the entrance to the J Sainsbury Plc flagship store in London, U.K.Mike Coupe will step down as CEO of Sainsbury’s at the end of May after six years at the helm, with Britain’s second-largest supermarket group opting for continuity by choosing retail and operations director Simon Roberts as his successor.
Coupe has faced questions about his future since April when Britain’s competition regulator blocked Sainsbury’s attempt to take over Walmart-owned rival Asda fo
Sainsbury’s Coupe will step down as CEO in May Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22
Keywords: news, cnbc, companies, director, yearroberts, supermarket, step, successorcoupe, ukmike, ceo, coupe, walmartowned, britains, billion, sainsburys


Sainsbury's Coupe will step down as CEO in May

The Sainsbury’s logo stands above the entrance to the J Sainsbury Plc flagship store in London, U.K.

Mike Coupe will step down as CEO of Sainsbury’s at the end of May after six years at the helm, with Britain’s second-largest supermarket group opting for continuity by choosing retail and operations director Simon Roberts as his successor.

Coupe has faced questions about his future since April when Britain’s competition regulator blocked Sainsbury’s attempt to take over Walmart-owned rival Asda for 7.3 billion pounds ($9.5 billion). Coupe was the architect of that deal and Sainsbury’s share price has fallen 22% over the last year.

Roberts, a former managing director of health and beauty retailer Boots, joined Sainsbury’s in 2017.


Company: cnbc, Activity: cnbc, Date: 2020-01-22
Keywords: news, cnbc, companies, director, yearroberts, supermarket, step, successorcoupe, ukmike, ceo, coupe, walmartowned, britains, billion, sainsburys


    • Forum
    • Topics
    • Posts
    • Last Post

Chinese airlines, hotels could be hit hardest if coronavirus outbreak drags on

Hector Retamal | AFP | Getty ImagesIf China’s new coronavirus turns into a prolonged outbreak, the country’s travel and leisure industry will likely be among the hardest hit. News of the pneumonia-causing virus first emerged in late December in the city of Wuhan, about 700 miles south of Beijing. On Tuesday, the Civil Aviation Administration of China announced that airlines should process refunds for flights to the city free of charge. China Southern Airlines has the highest capacity exposure to


Hector Retamal | AFP | Getty ImagesIf China’s new coronavirus turns into a prolonged outbreak, the country’s travel and leisure industry will likely be among the hardest hit.
News of the pneumonia-causing virus first emerged in late December in the city of Wuhan, about 700 miles south of Beijing.
On Tuesday, the Civil Aviation Administration of China announced that airlines should process refunds for flights to the city free of charge.
China Southern Airlines has the highest capacity exposure to
Chinese airlines, hotels could be hit hardest if coronavirus outbreak drags on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: evelyn cheng
Keywords: news, cnbc, companies, hotels, hardest, wuhan, china, sars, airlines, chinas, hit, goldman, chinese, virus, outbreak, coronavirus, capacity, domestic, drags


Chinese airlines, hotels could be hit hardest if coronavirus outbreak drags on

A man wearing a protective mask takes pictures on the promenade of the Bund along the Huangpu River in Shanghai on January 21, 2020. Hector Retamal | AFP | Getty Images

If China’s new coronavirus turns into a prolonged outbreak, the country’s travel and leisure industry will likely be among the hardest hit. News of the pneumonia-causing virus first emerged in late December in the city of Wuhan, about 700 miles south of Beijing. At least nine people have died from the disease. Authorities have also confirmed more than 400 cases, primarily in China, but other countries have also reported the illness, including the first U.S. instance overnight. It’s unclear how threatening the virus ultimately is, but the acceleration of the outbreak has evoked fears of another epidemic similar to the severe acute respiratory syndrome, or SARS, which broke out in late 2002 in China.

Tourism impact

The virus also comes as Chinese are expected to make about 3 billion trips for the Lunar New Year that officially kicks off Friday. After growing 12% in 2002, China’s domestic tourism growth turned negative for the first time in a decade in 2003 amid the SARS crisis, Eric Lin, head of research at UBS Securities, pointed out in a note Tuesday. “Valuations of tourism companies (incl. scenic sites, hoteliers) de-rated 20-50% from peak to trough between February and June 2003,” Lin said.

Authorities have announced measures to limit flow of people to and from Wuhan. On Tuesday, the Civil Aviation Administration of China announced that airlines should process refunds for flights to the city free of charge. China Southern Airlines has the highest capacity exposure to Wuhan among the three big Chinese airlines, at about 3%, Goldman Sachs analyst Ben Hartwright wrote in a note published Monday. China Eastern Airlines’ domestic capacity for Wuhan is 2.2%, while Air China’s capacity is 1.3%, according to Goldman. In fact, the analysis showed that Air China earnings are the least sensitive to a 1% change in domestic traffic volume, at 5.1%, while China Southern Airlines had roughly double the impact at 10.8%. Goldman has a buy rating on all three airline stocks. From January 10 to February 18, Chinese are expected to take about 79 million passenger flights.

The economic impact of SARS


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: evelyn cheng
Keywords: news, cnbc, companies, hotels, hardest, wuhan, china, sars, airlines, chinas, hit, goldman, chinese, virus, outbreak, coronavirus, capacity, domestic, drags


    • Forum
    • Topics
    • Posts
    • Last Post

Lebanon forms new government with backing of Hezbollah

Lebanese demonstrators take part in a rally outside the Mohammad al-Amin mosque in the capital Beirut’s downtown district on October 20, 2019. Lebanon formed a new government on Tuesday, the presidency announced after Shi’ite Hezbollah and its allies clinched a deal on a cabinet that must tackle the country’s worst economic crisis in decades. Heavily indebted Lebanon has been without effective government since Saad al-Hariri resigned as premier in October under pressure from protests against sta


Lebanese demonstrators take part in a rally outside the Mohammad al-Amin mosque in the capital Beirut’s downtown district on October 20, 2019.
Lebanon formed a new government on Tuesday, the presidency announced after Shi’ite Hezbollah and its allies clinched a deal on a cabinet that must tackle the country’s worst economic crisis in decades.
Heavily indebted Lebanon has been without effective government since Saad al-Hariri resigned as premier in October under pressure from protests against sta
Lebanon forms new government with backing of Hezbollah Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22
Keywords: news, cnbc, companies, waste, backing, shiite, resigned, worst, crisis, tackle, state, rally, lebanon, saad, forms, root, hezbollah


Lebanon forms new government with backing of Hezbollah

Lebanese demonstrators take part in a rally outside the Mohammad al-Amin mosque in the capital Beirut’s downtown district on October 20, 2019.

Lebanon formed a new government on Tuesday, the presidency announced after Shi’ite Hezbollah and its allies clinched a deal on a cabinet that must tackle the country’s worst economic crisis in decades.

Heavily indebted Lebanon has been without effective government since Saad al-Hariri resigned as premier in October under pressure from protests against state corruption and waste – root causes of the crisis.


Company: cnbc, Activity: cnbc, Date: 2020-01-22
Keywords: news, cnbc, companies, waste, backing, shiite, resigned, worst, crisis, tackle, state, rally, lebanon, saad, forms, root, hezbollah


    • Forum
    • Topics
    • Posts
    • Last Post

Russian business is pinning ‘a lot of hopes’ on a reset with the US this year

Russia’s President Vladimir Putin and U.S. President Donald Trump walk during the G20 leaders summit in Osaka, Japan, June 28, 2019. “So it is also about trust, a lot would depend on the U.S. elections. So if the relations between the leaders (of our two countries) are based on mutual trust nothing would stand in the way of such a reset. We pin a lot of hopes on such a reset and businesses need it badly,” he told CNBC in Davos, Switzerland. Recently, relations have also been strained over Russia


Russia’s President Vladimir Putin and U.S. President Donald Trump walk during the G20 leaders summit in Osaka, Japan, June 28, 2019.
“So it is also about trust, a lot would depend on the U.S. elections.
So if the relations between the leaders (of our two countries) are based on mutual trust nothing would stand in the way of such a reset.
We pin a lot of hopes on such a reset and businesses need it badly,” he told CNBC in Davos, Switzerland.
Recently, relations have also been strained over Russia
Russian business is pinning ‘a lot of hopes’ on a reset with the US this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: holly ellyatt
Keywords: news, cnbc, companies, pinning, russian, reset, president, gas, russia, lot, ukraine, trumps, business, relations, russias, pipeline, told, hopes


Russian business is pinning 'a lot of hopes' on a reset with the US this year

Russia’s President Vladimir Putin and U.S. President Donald Trump walk during the G20 leaders summit in Osaka, Japan, June 28, 2019. Kevin Lamarque | Reuters

Despite the awkwardness of President Donald Trump’s impeachment trial and a dispute over Russia’s mega gas pipeline to Europe that could shut out U.S. natural gas imports, chief executives in the country are hopeful that Moscow and Washington could reset relations this year. That hope stems from an apparent rapprochement between Russia and its immediate neighbors in Ukraine and Europe, coupled with an increasing weariness among most western nations regarding the continuation of sanctions on Russia for its 2014 annexation of Crimea from Ukraine. President Vladimir Putin’s announcement of constitutional reforms last week, which many hope will revamp Russia’s economy, have also added to optimism regarding political and economic change in the country. Russian CEOs told CNBC at the World Economic Forum in Davos that they hoped Putin’s reforms, that hand more power to Russia’s parliament and led to the installation of a new technocrat Prime Minister Mikhail Mishustin, can lead to improvements not only to Russia but to its relations with other global powers, especially the U.S. “I very much hope that it would also lead to changes in relations (with the U.S.) but the problem is that this is a two-way street,” Herman Gref, the chief executive and chairman of Sberbank, told CNBC Tuesday. “So it is also about trust, a lot would depend on the U.S. elections. So if the relations between the leaders (of our two countries) are based on mutual trust nothing would stand in the way of such a reset. We pin a lot of hopes on such a reset and businesses need it badly,” he told CNBC in Davos, Switzerland.

US-Russia relations

U.S.-Russia relations have been scrutinized since Trump’s election to the White House in 2016. Russia was accused of meddling in the vote in favor of Trump and to the detriment of Democrat Hillary Clinton although an inquiry led by Special Counsel Robert Mueller did not find sufficient evidence that Trump’s team coordinated with Russia to influence the result. Since then, Trump’s relationship with Putin has been in the spotlight and has put the president — who has often shown admiration for his Russian counterpart — in a tricky position. Trump has been pressured by many U.S. lawmakers to maintain and increase sanctions on Russia for meddling, as well as its annexation of Crimea from Ukraine, and the nerve agent poisoning of a former Russian spy in the U.K.

Recently, relations have also been strained over Russia’s Nord Stream 2 gas pipeline to Germany. The U.S. sees the pipeline as a way for Russia, already the predominant natural gas supplier to Europe, to cement its control on the region’s energy market. Many see the U.S.’ objections to the pipeline as coming from the fact that it wants to increase its own liquefied natural gas (LNG) exports to Europe, however. Nonetheless, the U.S. president gave the green light to sanctions on the pipeline in December. Arguing that those kinds of restrictions were “politically motivated” and unhelpful, Kirill Dmitriev, the chief executive of Russia’s $10 billion sovereign wealth fund RDIF, told CNBC that 2020 could still be a good year to reset U.S.-Russia relations. “We actually believe that this year could be a good year to improve relations with the U.S. Frankly, we can solve lots of anti-terrorism fighting together, we can do lots of things together so, of course, there will be lots of geopolitical and political attacks inside the U.S. but we believe the backdrop is good to improve Russia-U.S. relations this year.” Dmitriev said there were signs of a rapprochement between Russia and its neighbor Ukraine after several years of frosty relations following Moscow’s annexation of Crimea and its support for a pro-Russian uprising in the east of the country. That action led to a protracted conflict in the region and thousands of deaths and peace talks have only recently re-started between Russia and Ukraine, brokered by France and Germany.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: holly ellyatt
Keywords: news, cnbc, companies, pinning, russian, reset, president, gas, russia, lot, ukraine, trumps, business, relations, russias, pipeline, told, hopes


    • Forum
    • Topics
    • Posts
    • Last Post

We cozy up ‘like little sardines’: Meet the youth delegates camping in subzero temperatures at Davos

Arctic Basecamp is hosting six global youth climate delegates at the World Economic Forum in Davos, Switzerland in 2020. In addition, two youth volunteers joined the Arctic Basecamp crew to help with with logistics. DAVOS, Switzerland — Youth climate delegates from around the world are taking part in a “collaborative protest” against the rich and powerful by camping in subzero temperatures at the World Economic Forum. It follows the hottest year on record for the world’s oceans, the second-hotte


Arctic Basecamp is hosting six global youth climate delegates at the World Economic Forum in Davos, Switzerland in 2020.
In addition, two youth volunteers joined the Arctic Basecamp crew to help with with logistics.
DAVOS, Switzerland — Youth climate delegates from around the world are taking part in a “collaborative protest” against the rich and powerful by camping in subzero temperatures at the World Economic Forum.
It follows the hottest year on record for the world’s oceans, the second-hotte
We cozy up ‘like little sardines’: Meet the youth delegates camping in subzero temperatures at Davos Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: sam meredith
Keywords: news, cnbc, companies, switzerland, delegates, davos, sardines, global, climate, temperatures, youth, economic, nakate, subzero, cozy, meet, world, camping, little


We cozy up 'like little sardines': Meet the youth delegates camping in subzero temperatures at Davos

Arctic Basecamp is hosting six global youth climate delegates at the World Economic Forum in Davos, Switzerland in 2020. In addition, two youth volunteers joined the Arctic Basecamp crew to help with with logistics.

DAVOS, Switzerland — Youth climate delegates from around the world are taking part in a “collaborative protest” against the rich and powerful by camping in subzero temperatures at the World Economic Forum.

The annual January get-together — which is often criticized for being out of touch with the real world — is set to welcome more than 3,000 participants this week, with those in attendance poised to focus on the intensifying climate crisis.

It follows the hottest year on record for the world’s oceans, the second-hottest year for global average temperatures and wildfires from the U.S. to the Amazon to Australia.

Many policymakers and business leaders are expected to travel in and out of Davos via private jets this year, but others have decided to camp in the Swiss Alpine town.

“We are just trying to show them that we are doing the right thing despite the fact that we are not sleeping or staying in the best conditions. And, as they are enjoying their first class (flights), they should know that there are people who are actually living in worse conditions,” Vanessa Nakate, a climate activist from Uganda, told CNBC on Tuesday.

“So, we are practically representing those people who are already facing the impact of the climate crisis. It is time to get out of our comfort zones,” Nakate said.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: sam meredith
Keywords: news, cnbc, companies, switzerland, delegates, davos, sardines, global, climate, temperatures, youth, economic, nakate, subzero, cozy, meet, world, camping, little


    • Forum
    • Topics
    • Posts
    • Last Post

European markets advance as investors track coronavirus and earnings

European markets advanced on Wednesday after China unveiled measures to rein in the spread of a new strain of coronavirus that has killed nine people so far. Stocks worldwide began a tentative recovery Wednesday as the Chinese government’s plans to contain the virus seemed to ease equity investors’ concerns over a possible pandemic, though markets will remain attuned to news out of China. U.S. stocks fell on Tuesday after the Centers for Disease Control confirmed the first U.S. case of a mysteri


European markets advanced on Wednesday after China unveiled measures to rein in the spread of a new strain of coronavirus that has killed nine people so far.
Stocks worldwide began a tentative recovery Wednesday as the Chinese government’s plans to contain the virus seemed to ease equity investors’ concerns over a possible pandemic, though markets will remain attuned to news out of China.
U.S. stocks fell on Tuesday after the Centers for Disease Control confirmed the first U.S. case of a mysteri
European markets advance as investors track coronavirus and earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: elliot smith holly ellyatt, elliot smith, holly ellyatt
Keywords: news, cnbc, companies, earnings, worldwide, european, investors, wef, china, track, stocks, workerat, markets, virus, advance, coronavirus, world, confirmed, wellbeing


European markets advance as investors track coronavirus and earnings

European markets advanced on Wednesday after China unveiled measures to rein in the spread of a new strain of coronavirus that has killed nine people so far.

The pan-European Stoxx 600 edged up 0.3% in early trade, with autos jumping 1% to lead gains as almost all sectors and major bourses entered positive territory.

Stocks worldwide began a tentative recovery Wednesday as the Chinese government’s plans to contain the virus seemed to ease equity investors’ concerns over a possible pandemic, though markets will remain attuned to news out of China.

U.S. stocks fell on Tuesday after the Centers for Disease Control confirmed the first U.S. case of a mysterious virus that has infected hundreds in China. Health officials have also confirmed cases in Thailand, South Korea, Japan and Taiwan.

However, stocks on Wall Street are expected to bounce back on Wednesday morning.

In other news, market focus in the region will continue to be on the World Economic Forum (WEF) in Davos, Switzerland. In a keynote speech Tuesday, U.S. President Donald Trump urged other countries to “put their own citizens first.”

He said America’s “newfound prosperity” is undeniable and said the country had “achieved this stunning turnaround not by making minor changes to a handful of policies, but by adopting a whole new approach centered entirely on the well-being of the American worker.”

At WEF on Wednesday, CNBC is hosting a ‘Future of Financial Markets’ panel featuring U.S. Treasury Secretary Steven Mnuchin, IMF Managing Director Kristalina Georgieva, U.K. Chancellor Sajid Javid and UBS Chairman Axel Weber.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: elliot smith holly ellyatt, elliot smith, holly ellyatt
Keywords: news, cnbc, companies, earnings, worldwide, european, investors, wef, china, track, stocks, workerat, markets, virus, advance, coronavirus, world, confirmed, wellbeing


    • Forum
    • Topics
    • Posts
    • Last Post