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2019’s top cash back card is absurdly good




Cash back is one of the most popular rewards types for credit card users. But often the most generous cards come with large annual fees, limited usage, difficult redemptions, or other mitigating factors.

Rarely is it that a card sports a generous yield, no annual fee, and other benefits like a 0% intro APR program.

But – that’s precisely what the Discover it® Cash Back card promises new users today. When you start to take a closer look it’s easy to see why this card win’s our top rating for cash back cards in 2019. It is a prime example of a card packed with tons of valuable features users appreciate.

Here are some of the most notable:

  • 5% bonus cash back — Discover it® Cash Back pays 1% cash-back on regular purchases, and 5% cash back at different places each quarter like gas stations, grocery stores, restaurants,, or wholesale clubs up to the quarterly maximum ($1,500 of spending) each time you activate.
  • Double cash back in the first year — Discover will match all the cash back earned during the first year for new cardholders. Cardholders who max out bonus categories quarterly can expect a total of $600 cash-back in the first year. For the number crunchers out there, that’s $1,500 of quarterly spending in bonus categories ($6,000 per year), which earns cash back at a 5% rate. Add Discover’s match on top, and you’ll receive $300, plus another $300 for the match in your first year — that works out to 10% cash back. Importantly, I excluded spending that earns at a 1% rate, but Discover matches that, too.
  • No annual fee — Credit cards packed with valuable features tend to charge high fees or APRs. Discover it® Cash Back balances this relationship well and doesn’t charge an annual fee, making it a fit for cardholders with modest credit spending needs, who won’t see their rewards get wiped out by an annual fee.
  • 0% intro APR for purchases — The card includes a 0% intro APR for 14 months for purchases, after which the go-to variable rate applies.
  • 0% intro APR for balance transfers — The same length 0% intro APR applies for balance transfers, as does the go-to variable rate as well. Note, the promo period extends for 14 months since the first transfer, not from account opening, as is common for balance-transfer credit cards. Cardholders must execute the transfer by a specific date to qualify, but starting the clock from the date of the first transfer does increase the

3 Important Considerations

  • Cash back cards may not be for everyone. If you are a frequent traveler you may be able to find a travel rewards card offers you more bang for your buck, especially if you are careful about when and where you redeem your rewards to maximize your benefit.
  • If you usually carry a balance on your card it can wipe out the benefit you see from receiving rewards in the first place. Make sure you aren’t spending more than you can pay off to avoid this issue.
  • Some cards like the Discover it® Cash Back card have rotating rewards categories. If any of these areas are ones you don’t typically spend in it may not be worth signing up for that card. For example, if your card pays out a high rewards rate for gasoline purchases, but you don’t own a vehicle you may actually be missing out on rewards that you could have had with a different card that has a flat rewards rate on all purchases.

Final take

With all of these on the table we believe the Discover it® Cash Back card is worth a solid look for most users. The best label we can give Discover it® Cash Back is value-packed. The card nicely balances costs with benefits, delivering a credit card that users may find worthy of a prime spot in their wallets, especially those who can maximize 5% bonus rewards categories while avoiding common credit card nuisance fees. You can apply now by clicking here. Approvals typically take less than two minutes.


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Worldwide Car Rental Market Size & Share Estimated to Reach USD 124.56 Billion by 2022




car rental market

Zion Market Research has published a new report titled “Car Rental Market by Car Type (Luxury Cars, Executive Cars, Economy Cars, SUV Cars and MUV Cars) for Local Usage, Airport Transport, Outstation, and Others: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016–2022”.

According to the report, the global car rental market was valued at approximately USD 58.26 billion in 2016 and is expected to reach approximately USD 124.56 billion by 2022, growing at a CAGR of around 13.55% between 2017 and 2022.

Car rental is a service which provides car and automobiles on rent for short periods of time. This time period generally ranges from few hours to weeks. Car rental service is primarily located near airports, tourist places or city etc. There are many conditions on car rental service which may vary by specific country. The majority of car rental companies use a credit card to take additional fees or deposit amount before giving car on rent. Some companies request to carry identity documents while hiring car on rent.

The car rental market is primarily driven by rising tourism industry. Healthy economic growth and rising disposable income in developing countries are expected to propel the market growth during the year to come. Furthermore, high demand of the internet and smart technology helps to drive this market at the fast pace. However, some restraints like the rise in crude oil prices and lack of proper marketing may hinder the growth of the market. Moreover, use of the green vehicle is the most cost-effective way to improve energy efficiency and reduce carbon emissions is likely to open up new opportunities in evolving consumer preference.

In terms of car type, global car rental market is segmented intoMUV cars, SUV cars, economy cars, executive cars, luxury cars. Economy cars dominated the car rental market and accounted for significant share of the market. Economy cars are expected have a faster growth in the future due to the emergence of new companies in the market.

Based on end-users, the car rental market has been segmented into local usage, airport transport, outstation and others. Car rental for airport transport was leading end-user segment in car rental market and accounted for the largest market share in 2016. Growing demand for car rental due to green initiatives was taken by Government and increasing awareness about pollution is expected to drive the car rental market over the forecast period. One of the leading vendors in car rental market i.e. ‘Hertz’ New Zealand offers its customers a carbon calculator to allow potential renters to determine their carbon footprint for various car models.

North America was followed by Europe and Asia Pacific in 2016. North America and Europe together recognized over 47.80% market share in 2016. The affordability of car hiring or car on rent and its awareness among users is expected to drive this regional car rental industry in the coming years. Car rental market in Europe is expected to have significant growth during the years to come owing to the presence of well-known car service providers like Sixt Rent-A-Car, Europcar in region.

Asia Pacific is one of the fastest growing regional markets for car rental within the forecast period due to the increasing population coupled with transportation issues in the region. Car rental service is very useful in Asian countries like India, Australia, Cambodia, Japan, China etc. There are many islands in Indonesia region which are the most attractive tourist destination. This helps to grow the car rental market in Asia Pacific. Eco Rent A Car, Carzonrent , Al-Futtaim Group are some leading car rental service providers in Asia Pacific.


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Carnage At Deutsche Bank




deutsche bank

Deutsche Bank didn’t waste any time getting to work with the hatchet. On Sunday, July 7, it announced 18,000 job losses worldwide, the complete closure of its equities trading division and significant cuts to fixed income and rates businesses. On Monday, July 8, the cuts began. As London and New York slept, blissfully unaware of what was to come, the bank was already sacking entire teams in Sydney and Hong Kong.

The carnage continued throughout the day. In London, people arrived at work only to be handed documents formally notifying them that they are “at risk” of redundancy and sent home. A stream of workers left Deutsche Bank’s London office carrying bags and boxes containing personal effects from their desks. Others headed for the pub to drown their sorrows. Some were tearful, others shocked and confused. Some workers didn’t bother to turn up for work at all, correctly concluding that there was little point after hearing the announcement the previous day.

In New York, staff were summoned to meetings in which they were dismissed en masse. By mid-morning, according to Business Insider, there was a constant stream of people leaving the office.
The outlook for many of the terminated staff is grim, particularly in the U.K. where Brexit uncertainty is casting a considerable shadow. Not that anyone outside the finance industry cares, much. The British haven’t forgotten the financial crisis of 2008. The business that Deutsche Bank is closing down is bigger than Nissan’s automobile manufacturing plant in Sunderland, the uncertain future of which has hit headlines and led to questions in the U.K. Parliament. But no-one is going to lose any sleep over unemployed investment bankers – even if there are more of them than there are workers at the Sunderland plant. The silence from British politicians about the prospect of up to 8,000 British workers losing their jobs is deafening.

But the woes of terminated staff don’t concern Deutsche Bank’s Chief Executive, Christian Sewing. He has a bank to rescue, and investors to placate. His letter to staff had a distinctly ruthless tone:

I am very much aware that in rebuilding our bank, we are making deep cuts. I personally greatly regret the impact this will have on some of you. In the long-term interests of our bank, however, we have no choice other than to approach this transformation decisively.

“I weep for you, I really do…” while dishing out the redundancy notices. Sewing has all the personnel skills of a crocodile.

Just how little concern Sewing has for the feelings of the staff he is letting go became apparent at 9.30 am London time. While hundreds of staff in the London office were being sacked, executive management held a conference call – from the London office. During that call, the Chief Executive, Christian Sewing, announced that the bank still plans to maintain a large presence in London. In fact it is intending to move into shiny new offices on Moorgate. It is not hard to imagine how the sacked staff felt about this. It amounted to rubbing their noses in it.

Despite their scale and suddenness, today’s sackings should not have caught anyone by surprise. There was a clear signal at the AGM that large-scale job cuts were on their way, including compulsory redundancies. Any decent HR professional will tell you that doing these up front is by far the best way. People who suspect that they are on the list for redundancy but haven’t yet been told don’t do productive work. They look for jobs. This might keep redundancy costs down, but it is extremely bad for morale and you might end up losing staff you wanted to keep. Better to wield the ax early so people know where they stand.

That said, the restructuring announced on Sunday is far more radical than most people anticipated. Few expected Deutsche Bank to exit completely from equities trading and sales, and the internal “bad bank” will be quite a bit bigger than expected, at €74bn ($83.15bn) of risk weighted assets. There was also an unexpected, and welcome, announcement of €13bn ($14.61bn) investment in IT systems and digital technology, though it is as yet unclear where this money will come from, if shareholders are not to be tapped for any more capital.

There has also been a significant organisational shakeup, in which three executive board members have lost their jobs, along with a sizable number of more junior managers. Garth Ritchie, head of the investment bank, resigned last week, clearing the way for radical restructuring of the investment bank including closure of his own personal baby, the equities trading division. Frank Strauss, head of the retail bank, was a surprise departure: a PostBank veteran, he apparently left because he disagreed with the integration strategy for Postbank and Deutsche Bank’s retail division. And Sylvie Matherat, Chief Regulatory Officer, took the fall for Deutsche Bank’s many lawsuits, fines, censures and regulatory investigations. This might seem a trifle unfair, since Matherat had been trying to clean the place up; but taking the blame for other people’s failures is an occupational hazard for regulatory officers.

Most importantly, for the first time in a decade, the bank now has a clear strategy. A new Corporate division will be at the heart of the reformed institution. Deutsche Bank is to become primarily a corporate bank serving German and European businesses from small to large: what remains of the investment bank will be refocused on serving the needs of corporations. Deutsche Bank has finally admitted that its dream of competing successfully against the American investment banking giants is shattered beyond repair. Global universal banking is for the birds.

Initially, investors responded positively to the news of a significantly more brutal round of field surgery than any previous CEO had attempted. The share price rose in early trading.

But as the sun rose in New York, the penny dropped. Sewing’s comment that the bank will need less capital in future has nothing to do with the unwinding of its expensive legacy assets, and everything to do with its smaller, poorer outlook. The share price tanked, closing down over 5%, as investors realized that a Europe-focused corporate bank is unlikely to give them the returns they had hoped for. Even the 8% ROTE target announced on Sunday suddenly looks a stretch. Two more years of losses, and a suspended dividend – for what?


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Linking Chinese B2B companies with new global customer bases





With an increasing number of Chinese enterprises and startups seeking to go global and get closer to new customer bases, LinkedIn, the California-based online social network for professionals, plans to partner with more local firms in the business-to-business or B2B space.

LinkedIn will help its Chinese partners find new customers for their products and services via digital networking technologies.

LinkedIn will provide market content and business solutions to help domestic companies transform from original equipment manufacturers, or OEMs, into independent brand owners or popular sellers.

Vianne Cai, general manager of marketing solutions at LinkedIn China, said that for long Chinese companies in traditional sectors like manufacturing, energy, infrastructure and services sought to build global sales networks. Now, they are joined in this pursuit by new-age businesses in sectors like high-tech, education, and digital economy. All of them are eyeing the world, especially economies participating in the Belt and Road Initiative.

As the digital economy has significantly improved businesses across industries, Chinese companies are considering multiple options to brighten their brand image and increase their visibility.

No longer are they content with just inserting advertisements on the giant video screens at the Times Square in New York City, or participating in large-scale exhibitions. They are looking at more and unconventional solutions, she said.

“Chinese B2B companies today care more about their reputation and sustainable connection with partners and consumers in overseas markets. They are keen to transform their products into brands,” said Cai, adding digital marketing methods are key to restoring their earning ability in a smart way.

So, LinkedIn published a China B2B Brand Globalization White Paper in Shanghai on June 21 to urge more domestic companies to adopt digital technologies to accurately reach their overseas clients. Use of the digital medium will also help Chinese players in understanding foreign market environment and tackle challenges like insufficient brand-building ability and inadequate localization strategies, the white paper said.

The study collected opinions from 2,646 corporate decision-makers from 18 markets now active in the B2B business. It found that Southeast Asia is the first choice for many Chinese companies to expand their businesses, because they share similar culture, and the region’s consumer group has a large number of overseas Chinese and younger generation, promising fast GDP growth.

Even though it found that up to 81 percent of overseas business executives were interested in cooperating with Chinese companies thanks to the country’s industrial upgrade, about 40 percent of them chose to purchase Chinese products and only 5 percent of them said they will continue to buy the goods supplied by Chinese companies. They attributed this to lack of trust and brand loyalty in Made in China products.

“Therefore, brand-building is critical for Chinese B2B companies in the process of going global,” said Zhou Xiaodan, head of marketing in the marketing solutions department at LinkedIn China. “Combining traditional methods and digital means can help them to build their brands while taking into account business. It is a two-way solution.”

China’s B2B enterprises have the advantage of high efficiency, having completed the upstream and downstream chains. They have the right product strategy too, she said.

However, Zhou said there are some gaps between them and B2B companies in Europe and the United States. Companies in developed markets are proficient at conducting brand promotion campaigns, creative packaging, high-end product design.

“We are now seeing that many Chinese companies have become fast learners in these fields and begun to deploy more resources to offset their previous weakness,” she said.

Attracted by China’s favorable business policies and new growth momentum generated by the Belt and Road Initiative and e-commerce boom, LinkedIn will deploy more resources and add engineers to support their B2B clients’ need to put their revenue growth on a firmer footing in overseas markets.

Supported by over 14,000 employees, LinkedIn had 630 million registered members in over 200 countries and regions by the end of the first quarter of this year.

“Digitalization is changing commerce in a number of ways. We are seeing some businesses disappear or evolve over time, but at the same time the creation of new brands and types of operational modes are eliminating some traditional roles,” said Sun Fuquan, a researcher at the Beijing-based Chinese Academy of Science and Technology for Development.

“For example, if you look at the manufacturing sector today and compare it with the roles five years or a decade ago, they are fairly different. Chinese companies should continue to adapt this trend and embrace some new technologies to enrich their operations at both home and overseas,” he said.


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