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In response to the COVID-19 pandemic, elite status has been extended by airline and hotel loyalty programs over the past few years. This will all change in 2023. Because pandemic-era offers expire and loyalty programs are increasing the qualifications, some elite travelers will be wiped out by a tsunami of downgrades. Phil Gunter, co-founder of […]

Read more: In 2023, it’s harder to get (or keep) an elite status in the hotel or airline industry.

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We got our revenge in 2022. We were determined to make up the time lost during the COVID-19 pandemic. However, inflation and rising interest rates began to restrict the fun. The past year has been: Inflation caused consumers to borrow more and buy more. Credit card debt also became more costly due to increasing interest […]

Read more: Five Credit Card Trends You Should Be Watching in 2023

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In an effort to curb inflation, the Federal Reserve increased Wednesday’s key short-term rate by one-quarter percent. Although it won’t have much effect on mortgage rates for the near term, the action could push them down in the long-term. The overnight federal funds rate will increase by 0.25 percentage point to 4.5% to 4.75%. The […]

Read more: Fed Rate Increase Could Signal Lower Mortgage rates in the Future

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The used-car market has cooled after more than a decade of high prices. This trend provides some relief for car buyers. However, inventories are still far below pre-pandemic levels and consumers still lack the purchasing power they had in 2019. Experts say the used-car market will improve in 2019, but consumers must have realistic expectations […]

Read more: The Drop in Used Car Prices: What Does That Mean for Car Buyers?