Us bank – Alg A http://alg-a.com/ Tue, 16 Nov 2021 08:14:43 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://alg-a.com/wp-content/uploads/2021/10/icon-6-120x120.png Us bank – Alg A http://alg-a.com/ 32 32 US bank Moelis and Emirates NBD hired to advise Dubai’s DEWA IPO – sources https://alg-a.com/us-bank-moelis-and-emirates-nbd-hired-to-advise-dubais-dewa-ipo-sources/ https://alg-a.com/us-bank-moelis-and-emirates-nbd-hired-to-advise-dubais-dewa-ipo-sources/#respond Thu, 04 Nov 2021 06:41:00 +0000 https://alg-a.com/us-bank-moelis-and-emirates-nbd-hired-to-advise-dubais-dewa-ipo-sources/ Saeed Al Tayer, Managing Director of the Dubai Electricity and Water Authority (DEWA), speaks at the inauguration ceremony of the 4th phase of the Mohammed bin Rashid Al Maktoum solar park, south of Dubai, United Arab Emirates, on March 19, 2018. REUTERS / Satish Kumar DUBAI, Nov. 3 (Reuters) – US investment bank Moelis (MC.N) […]]]>

Saeed Al Tayer, Managing Director of the Dubai Electricity and Water Authority (DEWA), speaks at the inauguration ceremony of the 4th phase of the Mohammed bin Rashid Al Maktoum solar park, south of Dubai, United Arab Emirates, on March 19, 2018. REUTERS / Satish Kumar

DUBAI, Nov. 3 (Reuters) – US investment bank Moelis (MC.N) and Dubai lender Emirates NBD (ENBD.DU) have been hired to advise on Dubai Electricity’s initial public offering (IPO) & Water Authority (DEWA), sources familiar with the matter said.

The Dubai government said on Tuesday it is planning a public service IPO, among 10 state-backed companies that will be listed as part of plans to boost activity on the local stock exchange. Read more

DEWA and the Dubai Media Office did not immediately respond to a request for comment from Reuters.

Moelis and Emirates NBD declined to comment.

The listing plans aim to make Dubai a more competitive market compared to the region’s largest stock exchanges, such as those in neighboring Saudi Arabia and Abu Dhabi, which see higher listings and high liquidity.

A wave of write-offs and an absence of large initial public offerings have put pressure on the Dubai stock market, raising questions about the future of one of the main Gulf stock exchanges, which launched two decades ago.

Dewa had 884,404 water customers and 990,258 electricity customers at the end of 2020, according to company data.

DEWA has assets of nearly 200 billion dirhams ($ 54.45 billion) and projects with a combined value of around 86 billion dirhams, chief executive Saeed Mohammed Al Tayer said in a statement on Tuesday.

($ 1 = 3.6728 UAE dirhams)

Reporting by Hadeel Al Sayegh and Saeed Azhar; Editing by Jan Harvey, Alexandra Hudson and Kim Coghill

Our Standards: The Thomson Reuters Trust Principles.


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US bank offering banking products to State Farm SME clients. https://alg-a.com/us-bank-offering-banking-products-to-state-farm-sme-clients/ https://alg-a.com/us-bank-offering-banking-products-to-state-farm-sme-clients/#respond Mon, 01 Nov 2021 02:20:11 +0000 https://alg-a.com/us-bank-offering-banking-products-to-state-farm-sme-clients/ US Bank offers banking products to State Farm SME insurance clients. The deal positions US Bank to compete with digital challengers such as Square and Brex. Insider Intelligence publishes hundreds of banking industry research reports, charts, and forecasts. Learn more about how to become a customer. The American bank is now offer banking products to […]]]>
  • US Bank offers banking products to State Farm SME insurance clients.
  • The deal positions US Bank to compete with digital challengers such as Square and Brex.
  • Insider Intelligence publishes hundreds of banking industry research reports, charts, and forecasts. Learn more about how to become a customer.

The American bank is now offer banking products to State Farm’s small and medium-sized business (SME) insurance customers. The partnership is to make deposits, loans, digital capabilities and payment solutions available to businesses through State Farm’s nearly 19,000 agents across the country.

financing and credit products


Insider Information


More on this: The collaboration between the banking giant and the insurer represents a deepening of a strategic alliance that companies unveiled in March 2020. The alliance began when the US bank agreed to take over State Farm’s credit card book and deposits, as part of the insurer’s decision to pull out of the bank.

The US Bank partnership comes with an important milestone in terms of reach: it pointed out that this was the first time it had offered a wide range of business banking services nationwide, as opposed to its historic footprint in 26 states.

In areas where the US bank lacks branches or ATMs, it operates as a


digital only bank

with mobile and online channels available, through a FAQ section for companies. This also includes making MoneyPass ATMs available to customers.

The overview: The deal is the US bank’s latest move to expand its SMB operations. The banking giant announcement in August it would acquire SME-focused fintech Bento, which offers corporate cards and a billing product. This merger involves combining the Bento line with existing US Bank accounts receivable products.

The opportunity: The latest move, coupled with the Bento deal, represents a broader push by the US bank to attract SME customers. The two developments also position the incumbent favorably to compete with digital challengers, such as:

  • Square, who dived in the PME neobank in July 2021 with checking and savings accounts.
  • Brex, who offers a corporate bank account, expense tracker, and a corporate card with a sliding rewards scale that allows customers to earn up to eight points for every dollar spent.
  • Capital under pressure, a fintech lending to British SMEs expansion in the United States after securing a $ 100 million credit facility.

The US Bank’s partnership with State Farm gives it a potential customer base it can gain through cross-selling the insurer’s agents to SME policyholders, and national reach for its business banking suite.

Want to read more stories like this? Here’s how to get there:

  1. Join fellow Insider Intelligence customers who receive daily banking forecasts, briefings, charts, and research reports delivered to their inbox. >> Become a client
  2. Explore related topics in more depth. >> Browse our coverage

Current subscribers can access the entire Insider Intelligence content archive here.


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How to find and use your US bank ID https://alg-a.com/how-to-find-and-use-your-us-bank-id/ https://alg-a.com/how-to-find-and-use-your-us-bank-id/#respond Tue, 19 Oct 2021 07:00:00 +0000 https://alg-a.com/how-to-find-and-use-your-us-bank-id/ With US Bank’s website and mobile app, you have access to online and mobile banking tools, security features, and 24/7 nationwide phone support. Like other major banks, US Bank uses modern technology to manage your money securely. Find out how to set up your connection to the US bank so that you can have their […]]]>

With US Bank’s website and mobile app, you have access to online and mobile banking tools, security features, and 24/7 nationwide phone support. Like other major banks, US Bank uses modern technology to manage your money securely. Find out how to set up your connection to the US bank so that you can have their many products and services at your fingertips.

This guide from the American bank will cover:

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How to log into your US bank account from a computer

You can easily create a US Bank ID by clicking on the “New User?” Button. Register now ”in the login box on your desktop, tablet or mobile device. Have your account PIN ready. Follow the prompts to enter your account information and verify your identification. Accept the terms and agreements and configure your login details.

You can access online services on all devices from the “My Accounts” page by clicking on one of the following:

  • To transfer money
  • Pay external invoices
  • Pay my US bank account
  • Releves online
  • Get a cash advance
  • Send money with Zelle
  • Learn more about mobile banking
  • Check my credit score for free
  • Request products

You can then transfer money from one account to another, view online statements, check your credit score, get a cash advance, and access other products.

Pay your bills online and on time by clicking on “Pay External Bills” to access the “Pay Bills” page. You can add or delete invoices, track invoices, check history, schedule invoices or stop invoices, all from this page.

Find: American Bank Near Me

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How to log into your US bank account from a cell phone or tablet

US Bank’s online and mobile banking services allow you to perform many banking transactions, such as accessing your deposit account, savings account, checking account, credit card, and loan account, as well as you help find their physical branches. You can manage your money, pay bills, deposit checks, and send money.

Follow these steps to sign in to your US bank account:

  1. Visit the US Bank website using your web browser on a desktop, tablet, or mobile device.
  2. Enter your “personal ID” – this is the same as your user ID – and click “Login”. Then enter your password and click continue.
  3. Once logged in, you can access any of the aforementioned online banking features.

If you wish to deposit checks, register for “Mobile Banking” by selecting “Products and services” in the menu bar, then “Mobile Banking”. Deposit checks by taking a photo of the check using the US Bank mobile app on your tablet or mobile device.

Sending money to your friends and family is free and only takes a few minutes with just an email address or cell phone number. Click “Send Money Using Zelle” on the “My Accounts” page and follow the instructions. Zelle is an online money sending service that connects many major banks.

See: Here is your US bank routing number

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How to recover a forgotten username or password

If you have lost or forgotten your personal username or password, click on “Forgotten ID?” “Link or” Forgot your password? »Link if applicable. You will be prompted to verify your identity and answer the security questions you defined when creating your account. Once the process is complete, you will be emailed your username or a link to reset your password if necessary.

Discover: The best national banks of 2020

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How to view your U.S. bank statement information

You can do without paper with US Bank by clicking on “My Accounts” and selecting “My Documents”. You can then select “Paperless Preferences”.

When you choose to go paperless, US Bank will still send an email or text alert when your online statement is available. You can log in using your credentials to access this statement free of charge. The statement will appear in your Message Center inbox on your “My Accounts” page. You can find your messages by locating the “Messages” button at the bottom left of your screen.

Related: Best Banks of 2021

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How to contact the U.S. bank if you’re having issues with your account

If you have questions regarding your account, there are various online resources available on the US Bank website. However, if you prefer to speak to a customer service representative, you can call one of the following numbers:

  • Online and mobile customer service: 800-US-BANKS (800-872-2657)
  • International collect calls: 503-401-9991
  • For people who are deaf or hard of hearing: 800-685-5065

Hours of operation for physical branches vary by state and location, so it’s important to research your local U.S. bank for hours of operation.

Check This: Here Are 30 Ways To Retire Earlier

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What are the advantages of online banking?

Many consumers appreciate the flexibility and convenience of online banking. 24/7 access to accounts and services is ideal, especially with features like paying bills online, applying for a new card, or any other banking transaction without the hassle of surrendering in a physical agency to do so.

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More from the American bank

Learn more about using your bank ID

Alexandria Bova contributed to the writing of this article.

The information is correct as of October 19, 2021.

This content is not provided by US Bank. All opinions, analyzes, criticisms, or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed or otherwise approved by US Bank.


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US bank appoints Troy Remington as chief credit officer https://alg-a.com/us-bank-appoints-troy-remington-as-chief-credit-officer/ Fri, 15 Oct 2021 07:00:00 +0000 https://alg-a.com/us-bank-appoints-troy-remington-as-chief-credit-officer/ US Bank today announced that it has appointed Troy Remington as Chief Credit Officer. Remington has served as Acting Credit Manager since early August, when the former Credit Manager took on a new management role with the company. Remington will report to Jodi Richard, chief risk officer of the US Bank. “We are delighted to […]]]>

US Bank today announced that it has appointed Troy Remington as Chief Credit Officer. Remington has served as Acting Credit Manager since early August, when the former Credit Manager took on a new management role with the company. Remington will report to Jodi Richard, chief risk officer of the US Bank.

“We are delighted to have Troy in this role and happy to have been able to take on this critical position from within,” said Richard. “Troy’s in-depth knowledge of credit risk, his familiarity with American banking and our credit culture, as well as his solid reputation as a collaborative and thoughtful business partner made him an outstanding candidate.”

Remington will lead the company’s credit risk management division, which is responsible for establishing credit policies for all business units and products, ensuring transactions are approved in accordance with the policy, and to develop and implement processes that include the measurement, monitoring and reporting of credit risk generated in the course of business. Remington will also be responsible for overseeing and managing the management of the Company’s defaults and the credit risk exposure of the counterparty.

Remington is currently Executive Director of Credit and responsible for portfolio risk management. He joined US Bank in 2005 and has held several positions of increasing responsibility in credit risk management.

Remington holds a BA in Economics and Business Administration from Coe College in Cedar Rapids, Iowa. He is a graduate of the Pacific Coast Banking School and the Wharton / Risk Management Association Advanced Risk Management Program.

About the American Bank

US Bancorp, with nearly 70,000 employees and $ 567 billion in assets as of September 30, 2021, is the parent company of the US Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diverse mix of activities: personal and business banking; Payment services; Banking services for businesses and businesses; and Wealth and Investment Management Services. The company has been recognized for its approach to digital innovation, social responsibility and customer service, including being named one of the World’s Most Ethical Companies in 2021 and Fortune’s Most Admired Super-Regional Bank. Learn more at usbank.com/about.


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U.S. Bank Adds Secure Cards Amid Inclusion Push https://alg-a.com/u-s-bank-adds-secure-cards-amid-inclusion-push/ https://alg-a.com/u-s-bank-adds-secure-cards-amid-inclusion-push/#respond Thu, 14 Oct 2021 07:00:00 +0000 https://alg-a.com/u-s-bank-adds-secure-cards-amid-inclusion-push/ The news: American Bank launched two new secure card products tied to existing programs, according to CNBC. The US Bank Altitude Go Visa Secured card offer 4X points per dollar spent on meals; 2X points per dollar spent at grocery stores, gas stations and streaming services; and 1X point per dollar spent on all other […]]]>

The news: American Bank launched two new secure card products tied to existing programs, according to CNBC.

  • The US Bank Altitude Go Visa Secured card offer 4X points per dollar spent on meals; 2X points per dollar spent at grocery stores, gas stations and streaming services; and 1X point per dollar spent on all other qualifying purchases. The no-annual fee card also offers a $ 15 credit for annual streaming service purchases.
  • The US Bank Cash + Visa Secured card gives 5% cash back on the first $ 2,000 spent on qualifying purchases in two categories of the cardholder’s choice. They also earn 2% cash back on common expense categories like gas stations or grocery stores and 1% on all other qualifying purchases.

What this means: US Bank may use its rewards-centric secure cards to compete with customers who have limited or poor credit histories.

Unlike many secure cards available on the market, US Bank’s new products offer rewards — a superior feature American consumers like credit cards. It can help US Bank stand out from potential cardholders with lower credit scores and compete for this demographic against. Discover, whose Discover it Secured card is positioned as the first secure product for novice cardholders, according to NerdWallet.

The opportunity: US Bank can use the new cards to launch customers into its ecosystem and as a way to diversify its services.

  • US Bank’s new card products are related to existing Unsecured card programs: The issuer has three unsecured Altitude cards and one unsecured Cash + card. He can use the secure cards to operate the 53 million American adults without a traditional credit score or those with a risky credit history and help those customers qualify for a US bank card product that generates more income.
  • The new cards also help diversify US Bank’s product portfolio, allowing the company to serve a larger customer base with different creditworthiness and spending habits and to maximize its earning potential.

The overview: Over the past year, issuers have attempted to attract a wider range of clients, particularly those with no credit history or at risk. This took the form of new access to government-backed credit initiatives and reduce barriers to qualification.

US Bank takes a different approach to financial inclusion by offering an attractive rewards solution that enables customers to improve their credit and access other financial services, thereby creating customers who could have high potential value at life and that can serve the overall revenue ambitions.

Go further: Discover the Credit Access segment in our “Credit cards in the “next normal””To learn more about secure credit cards and other tactics used by issuers to improve financial inclusion.


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Personally I think Bitcoin is worthless https://alg-a.com/personally-i-think-bitcoin-is-worthless/ https://alg-a.com/personally-i-think-bitcoin-is-worthless/#respond Wed, 13 Oct 2021 20:15:00 +0000 https://alg-a.com/personally-i-think-bitcoin-is-worthless/ Prominent players in the crypto industry criticized JP Morgan CEO Jamie Dimon, an avowed Bitcoin skeptic, and accused him of not understanding the world’s No.1 cryptocurrency after that Dimon said: “I personally think Bitcoin is worthless.” Bitcoin was trading at $ 56,999 at the time of this writing with a market cap of $ 1,074 […]]]>

Prominent players in the crypto industry criticized JP Morgan CEO Jamie Dimon, an avowed Bitcoin skeptic, and accused him of not understanding the world’s No.1 cryptocurrency after that Dimon said: “I personally think Bitcoin is worthless.”

Bitcoin was trading at $ 56,999 at the time of this writing with a market cap of $ 1,074 billion.

Dimon made the comment at the Institute of International Finance (IFF) annual membership meeting, which was held virtually, according to Bloomberg. He acknowledged that JP Morgan’s clients disagree with him and that the bank will respond to those who wish to buy and sell Bitcoin.

“I don’t want to be exposed to it but I don’t care, it doesn’t make any difference to me,” Dimon said in a video clip shared by Bloomberg on Twitter. “I don’t think you should smoke cigarettes either. Our clients are adults. They do not agree. That’s what makes more markets. So if they want to have access to buy or sell Bitcoin, we can’t keep it, but we can give them legitimate access, as clean as possible.

Speaking at the IFF event on Monday, Dimon questioned the supply cap of 21 million Bitcoin. That’s what caused the biggest uproar, Decrypt reported.

When the world’s first cryptocurrency was created, it was given a cap of 21 million, meaning there will only ever be 21 million coins. This limited supply is seen as an advantage over fiat currencies as it creates a shortage, theoretically ensuring that its value remains stable over the years. This is why Bitcoin fans often call it “digital gold” and an investment in a store of value.

“How do you know it ends at $ 21 million?” Dimon asked. “Do you read all the algorithms?” Do you all believe that? I don’t know, I’ve always been skeptical about things like this.

Brian Armstrong, CEO of crypto exchange Coinbase, tweeted in response, “Yes, I read it. And then I wrote it (coding our own Bitcoin node) to make sure I understood it. He added that Dimon’s lack of engineering training would be a problem for a CEO in the future. “CEOs without a science / engineering background will be at a disadvantage in the decades to come” because “software is eating the world, changing every industry … Fortunately, the tools to learn it are available online for free, and s ‘improve and better. It is accessible to almost anyone, if they are ready to master it and at least learn the basics.

Michael Saylor, CEO of MicroStrategy and holder of over $ 2.24 billion in Bitcoin, also weighed in on Dimon’s comments, tweeting that it was essential for bankers and investors to understand crypto.

Billionaire investor Mike Novogratz, who runs Galaxy Digital and predicted bitcoin could hit $ 100,000 by the end of 2021, called Dimon’s claims about Bitcoin “sophomoric.”

“So strange. For a man who has done a brilliant job at the head of a giant bank, his answers [Bitcoin] are sophomoric and he continues to double down on them. I pray to stay open-minded all of my life.

Dimon did not hesitate in his anti-crypto stance, CNBC reported. “I always thought it would become illegal somewhere, as China made it illegal, so I think it’s a bit of madman’s gold,” he told Axios CEO , Jim VandeHei. He also said he believed “the regulators are going to regulate all of this.”

Federal Reserve Chairman Jerome Powell told a congressional hearing on September 30 that the central bank had “no intention” to ban cryptocurrencies. This has been credited as one of the reasons for Bitcoin’s sudden gain on October 1.

In August, the chairman of the Securities and Exchange Commission, Gary Gensler, compared the crypto markets to the Wild West, saying they operate mainly outside of regulations to protect investors and consumers. The asset class is rife with “fraud, scams and abuse” and needs to be watched, he said. “We have taken and will continue to take our authorities as far as they go,” Gensler said.

Listen to GHOGH with Jamarlin martin | Episode 74: Jamarlin Martin Jamarlin returns for a new season of the GHOGH podcast to discuss Bitcoin, bubbles and Biden. He talks about the risk factors for Bitcoin as an investment asset, including origin risk, speculative market structure, regulation, and environment. Are the financial markets at large in a massive speculative bubble?



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US Bank Secured Visa Card Review https://alg-a.com/us-bank-secured-visa-card-review/ https://alg-a.com/us-bank-secured-visa-card-review/#respond Tue, 12 Oct 2021 07:00:00 +0000 https://alg-a.com/us-bank-secured-visa-card-review/ US Bank Secure Visa Full Review Advantages Security deposit placed in an interest-bearing account Maximum line of credit of $ 5,000 Free credit score The inconvenients No rewards program Line of credit linked directly to the security deposit Benefits explained Security deposit placed in an interest-bearing account: Security deposits for US Bank Secured Visa are […]]]>

US Bank Secure Visa Full Review


Advantages

  • Security deposit placed in an interest-bearing account

  • Maximum line of credit of $ 5,000

  • Free credit score

The inconvenients

  • No rewards program

  • Line of credit linked directly to the security deposit


Benefits explained

  • Security deposit placed in an interest-bearing account: Security deposits for US Bank Secured Visa are deposited into an interest-bearing account at US Bank and will receive a return as long as your credit card is open. It is important to note that this money is kept as a security deposit and is not used for payments. You get your security deposit back after your account is closed, as long as there are no unresolved charges.
  • Maximum line of credit of $ 5,000: The US Bank Secured Visa has a relatively high maximum line of credit of $ 5,000 for a secured credit card. But you will need to make a security deposit of $ 5,000 to get this matching line of credit.
  • Free credit score: The US Bank Secured Visa comes with free access to your TransUnion credit score. This benefit can help cardholders track their progress as they build or establish credit.


Disadvantages Explained

  • No rewards program: Although you can replenish your credit with this card, you will not earn any rewards in the process. The Discover it Secured card, on the other hand, offers cash back and has no annual fee.
  • Line of credit linked directly to the security deposit: Your line of credit for the US Bank Secured Visa is directly linked to the amount you pay for the security deposit. While this is not unusual, there are secured credit cards that do not require a dollar-for-dollar security deposit to establish the line of credit. For example, the Capital One Secured Mastercard allows qualified applicants to establish a line of credit of $ 200 with a security deposit of $ 49, or obtain up to $ 1,000 in the form of a line of credit with a $ 200 deposit over time, with responsible use.


The US Bank Secured Visa card will likely work well for someone who wants a higher line of credit while they work to build credit. If you have a large amount of cash that you can use as a security deposit, you can get a much higher line of credit than you would typically get with other secured cards.

Plus, tools like auto-pay and access to your TransUnion credit score will help keep you on track.

This card can also be attractive to those who could not qualify for an unsecured card. However, if you are hoping to earn rewards while accumulating credit, the Discover it Secured card might be a better choice.


Exceptional advantages of the Visa card secured by the American bank

  • Secondary Car Rental Collision Insurance


Standard benefits

  • Free credit score
  • Extended warranty protection

Cardholder experience

The US bank is ranked 10th out of 11 issuers in the 2021 JD Power Credit Card Satisfaction Survey. The bank received a score of 782 out of 1,000, while the national average for all credit card issuers was 809.

US Bank Secured Visa mobile app offers 24/7 account access and receives 4.5 out of 5 stars on Google Play for Android systems and 4.8 out of 5 stars in Apple App Store . You can also contact customer service by sending an email through your account or calling 800-285-8585.


Security functions

This card has fraud detection. US Bank will alert you to unusual card activity and you will not be responsible for fraudulent purchases.

You will also have free access to your TransUnion credit score.


Our verdict

If you can’t get approved for an unsecured credit card, a secured credit card can help you build or build your credit. The US Bank Secured Visa is a fairly basic card. If you have the ability to fund a large deposit, you can establish a higher line of credit than is typically available with a secured card. As a bonus, your security deposit will be kept in an interest-bearing account.

However, there are other options. The Capital One Secured Mastercard allows you to have a line of credit greater than your deposit and the Discover it Secured card offers a cash back program.


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US bank announces two new secured credit cards https://alg-a.com/us-bank-announces-two-new-secured-credit-cards/ https://alg-a.com/us-bank-announces-two-new-secured-credit-cards/#respond Tue, 12 Oct 2021 07:00:00 +0000 https://alg-a.com/us-bank-announces-two-new-secured-credit-cards/ Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners. US Bank has launched two new secured credit cards for consumers who want the flexibility of a credit card without having the […]]]>

Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.

US Bank has launched two new secured credit cards for consumers who want the flexibility of a credit card without having the credit score to get one.

A secured credit card is a great way to help you build (or rebuild) your credit score so you can qualify for a credit card with a higher credit limit or better rewards. And if consolidating your credit takes time, the two new secured cards from US Bank are worth considering for your daily expenses.

While many secure cards do not offer rewards, the US Bank Altitude® Go Visa® Secure Card and US Bank Cash + ® Visa® Secure Card both deliver solid returns on every dollar spent.

Select the two analyzed cards to help you determine whether or not they are worth a place in your wallet and how you can choose the best secure credit card for yourself.

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US Bank Launches Two New Secured Credit Cards

Whichever card you decide is best for you, keep in mind that a secure card requires an initial deposit of $ 300 to $ 5,000. This serves as a spending limit as well as a guarantee for the bank in case you cannot pay your card. However, if you decide to cancel your card at any time, you will get your deposit back.

Cards are issued by Visa and are accepted wherever Visa is used.

US Bank Altitude® Go Visa® secure card

The Altitude Go Visa Secured card includes the following expense categories:

  • 4X points per dollar spent on meals
  • 2X points per dollar spent at grocery stores, gas stations and streaming services
  • 1X points per dollar spent on all other qualifying purchases

These points can be redeemed for travel, gift cards, cash back and other purchases and are worth 1 cent each, regardless of which redemption choice you make.

Cardholders are also eligible for a $ 15 credit for annual streaming service purchases.

The card has no annual fees or overseas transaction fees, and you can choose when your bill is due.

US Bank Altitude® Go Visa® secure card

The information on the US Bank Altitude® Go Visa® Secure Card was independently collected by Select and was not reviewed or provided by the card issuer prior to publication.

  • Awards

    4X points per dollar spent on meals, 2X points per dollar spent at grocery stores, gas stations and streaming services, and 1X points per dollar spent on all other qualifying purchases. Cardholders are also eligible for a $ 15 credit for annual streaming service purchases.

  • Welcome bonus

  • Annual subscription

  • Intro APR

  • Regular APR

  • Balance transfer fees

    Either 3% of the amount of each transfer or $ 5 minimum, whichever is greater.

  • Foreign transaction fees

  • Credit needed

US Bank Cash + ® Visa® secure card

The Cash + Visa Secured card is a simple cash back credit card that earns rewards at the following rates:

  • 5% cash back on your first $ 2,000 of combined qualifying purchases each quarter in any two categories you choose. Some categories include: TV, Internet and streaming, home utilities, cell phone providers, fast food restaurants, and movie theaters.
  • 2% cash back on qualifying purchases in your choice of an everyday category (such as gas stations, grocery stores and restaurants)
  • 1% cash back on all other eligible purchases

The cash back you earn can be used in one of three ways: a credit to your account, a direct deposit to your U.S. bank account, your savings or money market account, or a rewards card from the US bank (similar to a Visa gift card).

This card is free and you can choose the due date of your bill.

US Bank Cash + ® Visa® secure card

The information on the US Bank Cash + ® Visa® Secure Card was independently collected by Select and was not reviewed or provided by the card issuer prior to posting.

  • Awards

    5% cash back on your first $ 2,000 of combined qualifying purchases each quarter in any two categories you choose, 2% cash back on qualifying purchases in your choice of an everyday category (such as gas stations, grocery stores and restaurants) and 1% cash back on all other eligible purchases

  • Welcome bonus

  • Annual subscription

  • Intro APR

  • Regular APR

  • Balance transfer fees

    Either 3% of the amount of each transfer or $ 5 minimum, whichever is greater.

  • Foreign transaction fees

  • Credit needed

How to choose a secure credit card

There are dozens of secure credit cards to choose from. But with so many options, how do you choose the right one for you?

Here are some factors to consider:

  • Credit Reports: The most important part of a secure credit card is making sure your payments are reported to the credit bureaus. The more on time you make payments, the more your credit score will increase. And once your credit score is above 660 (which is considered “good”), you’ll have a better chance of being approved for an unsecured credit card like the Citi® Double Cash Card.
  • Affordable deposit: A secure credit card is obtained through an initial deposit from you. However, each secured credit card has different minimum security deposit values. Before selecting and applying for a secured credit card, check what the minimum deposit required is and make sure it fits your budget.
  • Costs: Find out if the card you selected has an overseas transaction fee or an annual fee. These fees can reduce the value of the rewards you earn and can easily be avoided by selecting the correct card.
  • Conversion: Some credit card issuers offer you the option of upgrading your secured credit card to the unsecured version once your credit score has improved. Not all issuers do this, so be sure to call the bank’s customer service department if you’re interested.
  • Awards: Some secure credit cards offer rewards, some don’t. If you’re looking to earn travel rewards or cash back rewards, be sure to find a secure credit card like the two US bank cards on offer.

At the end of the line

Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.


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Biggest American Bank President Says Bitcoin “Not Worth It” https://alg-a.com/biggest-american-bank-president-says-bitcoin-not-worth-it/ https://alg-a.com/biggest-american-bank-president-says-bitcoin-not-worth-it/#respond Mon, 11 Oct 2021 22:44:41 +0000 https://alg-a.com/biggest-american-bank-president-says-bitcoin-not-worth-it/ The general manager of JPMorgan Chase, Jamie Dimon, told a conference on Monday (11) that cryptocurrencies will be regulated by governments and that he personally believes that the bitcoins “it’s not worth the shot”. “No matter what you think, the government will regulate. They’re going to regulate for money laundering purposes, for bank secrecy purposes, […]]]>

The general manager of JPMorgan Chase, Jamie Dimon, told a conference on Monday (11) that cryptocurrencies will be regulated by governments and that he personally believes that the bitcoins “it’s not worth the shot”.

“No matter what you think, the government will regulate. They’re going to regulate for money laundering purposes, for bank secrecy purposes, for taxation, ”Dimon said at an online event hosted by the International Finance Institute.


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US bank unveils new crypto custody service https://alg-a.com/us-bank-unveils-new-crypto-custody-service/ https://alg-a.com/us-bank-unveils-new-crypto-custody-service/#respond Fri, 08 Oct 2021 14:00:00 +0000 https://alg-a.com/us-bank-unveils-new-crypto-custody-service/ It seems that the need to meet the growing desire of institutions for crypto is increasingly important among standard financial institutions. The US bank has just announced that it is unveiling a new crypto custody service that fund managers can use to store both private keys and digital assets. U.S. bank potentially sees crypto as […]]]>

It seems that the need to meet the growing desire of institutions for crypto is increasingly important among standard financial institutions. The US bank has just announced that it is unveiling a new crypto custody service that fund managers can use to store both private keys and digital assets.

U.S. bank potentially sees crypto as important

The idea of ​​banks and the crypto mix is ​​unusual, mainly because they are both so different. On the one hand, banks seek to control their financial future. They decide who can access the tools and services. They look at a person’s history, such as their work history and debt-to-income ratio, and decide who can get bank accounts, credit cards, and other items needed to make their life a little more livable.

Crypto, by comparison, is quite the opposite. The goal of cryptocurrency is to make people have more of a say in how their money rolls. Crypto doesn’t care about your past. It doesn’t matter if you’ve made some bad financial decisions or have some imperfections in your past. As long as you have access to the internet, you can build a digital wallet and start trading without worrying about interference from a central figure.

So, as US Bank – America’s fifth largest bank – prepares to provide crypto custody to its biggest customers, it becomes clear that standard money institutions are starting to see crypto in a whole new light. They arguably see the growing asset space as something that cannot be ignored. Obviously, more and more customers are looking to cash in, so they need to get involved quickly or they run the risk of losing business and having unhappy customers.

Merge the two industries together?

Investment managers can store private keys with US Bank, which they can then use to access digital assets like bitcoin, bitcoin cash, and Litecoin. In an interview, Gunjan Kedia – vice president of the bank’s wealth management and investment services division – said:

Our clients take the potential of cryptocurrency as a diverse asset class very seriously. I don’t think there is a single asset manager who isn’t thinking about it right now… What we were hearing everywhere was that even though every currency might not survive – there wouldn’t be. – being no room for thousands of coins – there is something about the potential of this asset class and the underlying technology that it would be prudent for us to support.

This move is likely to bring cryptocurrency closer to legitimacy. US Bank was founded in 1863 at the height of the Civil War. He is currently one of the top ten players in the custody game and currently manages more than $ 8 trillion in assets for clients across the country according to data from the Federal Deposit Insurance Corp (FDIC).

Tags: bitcoin, Gunjan Kedia, American bank


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