News and notes from around the interweb:
- $400 bonus for opening a no monthly fee Capital One checking account requires 2 payroll direct deposits totaling at least $1000 within 60 days of account opening. Offer expires January 26, 2021.
- The twitter team may be the last to know, but Alaska Airlines says no Mileage Plan devaluation in 2021 thanks to the pandemic. But what will award charts look like once they join oneworld March 31? They really should tell us that now.
I think you will be waiting for a while, my friend. I don't see any shoe drops on the horizon. To use a real estate analogy, 2021 will be an #avgeeks market. -Michael
— Alaska Airlines (@AlaskaAir) December 11, 2020
- The MAKS Air Show will take place in July, it’s basically an outdoor event and the Sputnik vaccine looks pretty good except that people taking it are supposed to give up alcohol for two months…
- So QAnon is planning a cruise in April, departing from New York.
- The outgoing CEO of Emirates says that tech innovations will drive in-person contact, so business travel will fully recover I don’t think he’s correct, but I like to share countervailing views.
No, I would say the converse. What has happened as a result of being locked down, as a result of having to engage in (online communication) networks, whether it be Zoom or (Microsoft) Teams, I saw it in the mid ’90s, when we digitized the global economy and all these tools came to market. The digital world ruled, the age of information came along, and everybody said, ‘you know what’s going to happen? We’re not really going to travel anymore.’
The converse happened. Between 1995, and 2015 to 2018, the demand for business travel grew exponentially. The more they (people) interacted, the more they traveled. As we get back to normal, as the economy is strengthened, as cash starts flowing back into the businesses that have been affected, we’ll start to see business travel bounce back, and we’ll see it grow. It will not slow down.
- Once A Fine Dining Experience, Then A Bad Joke, Could Airline Food Be Primed For A Comeback?
This means what most of us have speculated will come true: Mileage Plan WILL devalue once AS joins OW. The question is HOW BAD?
@ Gary — I am my HR department. Approved. Maybe Capital One will actually allow me to get one of their credit cards if I have a checking account? Every time I apply, I am rather rudely told no and refused explanation. What don’t they like about me? I’ve opened probably 200 credit cards in my life, have a zero balance on all of my cards and I’ve never missed a payment in my life. In addition, I have good income and a high credit score. I just don’t understand.
@ Gene, Wow I’m in the same boat with Cap1 🙁
I figure that they realized I was just playing the game similar to 24/5 etc. But now feel Cap1 is just sh!tty since they sent a teaser pre-approved offer, then a hard pull, then rejection.
One technique I’m working on is opening checking/savings accounts with banks to put money on deposit for no cost as I’m not loosing interest on money already in our cash accounts 😉
Starting with Citi and 50,000 AA miles And working the 24 months for a citi prestige – We have enough AA Miles 😉
Easier $400: $NIO calls.
@Gene and @Bill n DC: I’m also in the same boat. Credit score consistently around 825-835, always pay balances in full every month, never a late payment, decent salary and savings. When I received their pre-approval offer in the mail in December 2018, I assumed approval was a given so I pulled the trigger–only to be instantly denied with no explanation. What’s worse is that they hit all 3 credit bureaus. Thankfully, in two more weeks, and those hard pulls finally roll off my credit report. In the meantime, those pre-approvals have continued to show up in my mailbox about once a month, but I won’t fall for their trick again. Fool me once, shame on you; fool me twice, shame on me.
@Gary will the $400 bonus trigger a 1099? I assume yes, if so, totally not worth the time and hassle.
@ORD Flyer – I would expect so.
@ordflyer. Good point.
$400 isn’t worth the time to simply type that number in a box come tax time and pay some of it back to the gov’t? I’m at $2500 for the year on bank bonuses and yes, they’ll all go on my taxes. Worth it. Some are as easy as multiple 50c Amazon reloads. You’re missing out.