Most consumers favor credit cards with cash rebates over the government’s Quintuple Stimulus Vouchers as payment during shopping events at department stores, according to a survey released on Wednesday by Money 101 Ltd (理財一零一).
Eighty-seven percent of survey respondents said they used credit cards that offer cash-back incentives or reward points, such as Line points, during shopping events at local department stores, said Money 101, which provides information on financial products.
Thirty-six percent said that they used their Quintuple Stimulus Vouchers for payment — 23 percent used the digital version of the vouchers, while 13 percent preferred the paper version, the report showed.
Consumers might favor credit cards during the shopping events as many banks partner with department stores to offer special rewards for people who make purchases with the banks’ credit cards, Money 101 said.
As more than half of consumers said they planned to spend more than NT$10,000 during the shopping events, using only government-backed vouchers worth NT$5,000 per person was not enough, it said.
Asked how they decide which card to use, nearly 90 percent of respondents said they choose cards with the best cash-back rate, while 24 and 16 percent of respondents said they considered whether they could earn gifts or apply for interest-free installment programs respectively, the report said.
The least favored means of spending were cash and credit cards with mileage rewards, with only 7 and 2.7 percent of respondents using them respectively, it showed.
JPMorgan Chase & Co chief executive officer Jamie Dimon on Tuesday quipped that his company is likely to outlast the Chinese Communist Party (CCP), while reiterating the bank’s commitment to the country in wide-ranging comments that also touched on Taiwan, free speech and former US president Donald Trump. “We hope to be there [in China] for a long time,” Dimon told a panel discussion at the Boston College Chief Executives Club. Relaying a “joke” he made during a recent visit to Hong Kong, he said “The communist party is celebrating its 100th year. So is JPMorgan. And I’ll make you a
The Kaohsiung City Government yesterday said it would impose a property hoarding tax as it is seeking to contain speculation in the real-estate market, calling recent price increases “abnormal.” The announcement came in support of the Ministry of Finance’s call for local governments to levy a high tax rate on people with more than one property. Ministry officials on Tuesday discussed strategies to rein in speculation with the nation’s six special municipalities, as well as the Hsinchu city and county governments. About 84,000 out of 1.06 million housing units in Kaohsiung are not residential property, the city government said in a
BOOST EXPECTED: Higher market prices would offset effects of the industry’s transition to more climate-friendly production methods, a company official said China Steel Corp (CSC, 中鋼) expects steel demand to increase on the back of governments around the world subsidizing infrastructure construction amid a stabilizing COVID-19 pandemic, CSC chairman Wong Chao-tung (翁朝棟) told an investors’ meeting yesterday. “After getting through the hard times, I foresee at least one year, very possibly two years, of strong steel market,” Wong said. Calling a dip in steel prices a “short respite for the market,” Wong said that it would likely bounce back early next year on the back of mild winter temperatures around the world allowing construction activity. Despite COVID-19 spikes in some regions and increased
The resilience of the semiconductor supply chain was at the top of the agenda yesterday at the second Economic Prosperity Partnership Dialogue between representatives from Taiwan and the US. Other topics discussed included public health, green energy, the digital economy, 5G network security, and science and technology, the Ministry of Economic Affairs said. Minister of Economic Affairs Wang Mei-hua (王美花) and Minister of Science and Technology Wu Tsung-tsong (吳政忠) represented Taiwan via videoconference from Taipei, while US Undersecretary of State for Economic Growth, Energy and the Environment Jose Fernandez spoke from Washington. The dialogue was conducted under the auspices of the American Institute
RSS