Users will earn up to 0.1% cash back on purchases in Europe and 1% everywhere elsewhere. It also offers 拢10,000 ($12,322.42) in annual purchase protection. Travel perks include up to 拢5,000 ($6,161.21) a year in trip cancellation reimbursements, global medical emergency coverage, and access to more than 1,400 airport lounges.
Apparently, adult Gen Z digital bankingusers are more likely to trust Apple to provide them financial services than they are to trust their primary bank ... According to our Banking Digital Trust Benchmark Survey, which tells me they can offer something that's more complex and people will still feel safe to get it from them. Rob Rubin:.
What happened: Use of QR code login for Bank of America鈥檚 CashPro digital banking platform rose by 60% in 2024 among corporate and commercial clients, per PYMNTS. Users can scan a QR code on their computer screen with their phone and log in using biometrics, removing the need for remembering passwords or carrying around physical security tokens.