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/   Insights

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July 23, 2014
/   Spotlight

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Intuit 2020 Report: The Future of Financial Services

April 11, 2011
/   Insights

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Fast Facts: Student Loans

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/   Insights

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/   Spotlight

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Making Banking Fun: Gamification in Financial Services

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/   Insights

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Technology M&As: The Beats Go On

May 29, 2014
/   Insights

The ongoing fascination with Apple’s $3 billion purchase of Beats Electronics is entirely understandable, because it’s a cool story. However, it also says a lot about what’s going on between finance and tech.

What We’re Reading

May 5, 2011
/   Spotlight

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Small Business: Perception vs. Reality

November 21, 2012
/   Insights

In the most recent election cycle, like most others before it, the one sector of the economy that got the most attention was small business.  This is the future, we were told by every...

What We’re Reading: Thanksgiving Edition

November 22, 2012
/   Spotlight

Below are interesting stories the staff has been reading over the past week. What have you been reading? Let us know in the comments section below or Tweet @bankingdotcom. Mobile Thursday? Plans for Thanksgiving...

Credit cardholders may love their rewards, but they aren’t enough to keep them from switching to a new provider. That’s according to marketing firm Bug Insights, which recently surveyed 1,031 U.S. consumers aged 18 and older about their credit card habits to see what would drive them to switch.

Seventy-seven percent said they’re content with their primary card and 63% like the perks it provides. However, 64.36% rate their card’s annual fee as the factor that would push them to change their plastic. This was followed by rewards program at 13.15% and annual percentage rate, or APR, at 8.16%; only 1.55% said brand is important.

A large majority of customers (87%) would prefer a card stripped of all its rewards so long as its annual fee was nixed, the survey found. However, opinions tended to vary by age group and gender. For instance, Gen Xers and Baby Boomers said they were more concerned with rewards and the brand of their card, whereas women were more attuned to monthly costs and cared less about rewards.

Assessing an Annual Fee

Consumers may not like annual fees, but there are some instances where one could prove worthwhile. Frequent fliers, for instance, may be able to pocket enough miles or save via other perks (like a free checked bag) on travel to recoup, or even surpass, the charge. (You can learn more about the best airline miles credit cards in America here.)

For those whose spending habits don’t justify an annual fee, there are rewards cards with no annual fee. If you do have an annual-fee credit card that’s no longer paying off, you can contact your issuer to have the charge waived or downgrade to one of their annual fee-free products. (Remember, closing a credit card can hurt your credit score, though there are times when that’s the best course of action.)

If you’re thinking of switching your card, it’s a good idea to know where your credit stands so you have some kind of idea what card you might qualify for. You can view two of your credit scores, updated each month, for free on

Jill Krasny is an editor and writer at Prior to joining the company, she was a senior staff writer at and Inc. Magazine, where she covered a range of lifestyle topics. Her writing has appeared in Introspective, Travel + Leisure and

This article originally appeared on


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James W. Gabberty

Gabberty is a professor of information systems at Pace University in New York City. An alumnus of the Massachusetts Institute of Technology and New York University Polytechnic Institute, he has served as an expert witness in telecommunication and information security at the federal and state levels and holds numerous certifications from SANS & ISACA.

Zachary Ehrlich

25-year-old writer, and as a native San Franciscan, I am unreasonably loyal to Bank of America, if only for their superhero-like origin story, involving the 1906 earthquake and Italian fruit vendors.

Marisa Mann

Marisa Mann brings over 15 years of experience in consulting and financial services industries to the Solstice team, working on large scale enterprise initiatives across many technologies, including specializing in the digital space – Internet and mobile. Mann is passionate about mobile and the endless possibilities for the enterprise, delivering business value through strong brand recognition and driving to excellence in the consumer experience. Prior to Solstice, Mann worked at JP Morgan Chase, Diamond Management and Technology Consultants, Washington Mutual, Inc, and Accenture.

Brad Strothkamp