AGP Executive Report
Last update: 7 hours agoCredit Cards Under Pressure: JD Power says 60% of U.S. credit card customers are now “financially unhealthy,” with average monthly spend up $109 year over year—widening a rewards-for-some vs debt-stress-for-others divide. Rewards Reality Check: New data finds Florida households cashed in over $4B in credit card rewards in 2024, with redemptions peaking in July-August during back-to-school strain. Scam Watch: BBB warns of gas and grocery voucher postcard scams that try to steal payment details, urging people to review accounts and report quickly. Personal Finance Decision: A Canada-focused guide tackles whether to raid RRSPs for a car versus taking a loan, highlighting the tax hit and lost growth. Savings Rates: Nationwide (UK) is rolling out higher-rate savings accounts paying up to 4.7%, while big-bank CD rates are also moving. Digital Payments Push: The Philippines reports digital payments hit 64.7% of retail transactions by volume in 2025, driven by InstaPay, PESONet and QR Ph. Cyber & Fraud: Researchers warn fake “The Odyssey” free-streaming sites can demand credit card info to activate trials. Banking Policy: Mauritius faces a debate over banking secrecy as financial-crime rules expand access without traditional judicial sign-off.
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