Credit Cards

Category Archives for Credit Cards.

Barstool Sports Founder Brags To Rite Aid Cashier About His 44 Million Amex Points

by Gary Leff

Nov 16 2022

The founder of Barstool Sports, David Portnoy, flexed on social media showing himself buying a pack of gum with a Black Card for $1.59 – and the terminal displays his available Membership Rewards balance of 44,403,931 points.

Sure, you can use Amex points at Rite Aid. It’s a poor value, but it’s an opportunity to show the balance in an ironic setting. The employee comments “you probably could go on a trip” and Portnoy boasts “I’ve gotta be a league leader with points.”

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New Recursive Merchant Funded Offer From Chase And Lyft

by Gary Leff

chasebank
Nov 15 2022

We’ve seen American Express load up on merchant-funded offers to show substantial cash value to cardmembers, while raising annual fees. We’ve seen Chase do the same – think DoorDash and Lyft right before the pandemic, while announcing a fee increase on the Sapphire Reserve card.

These offers can be hard to make last. Eventually the brand reaches as many customers as they are likely to reach, and no longer benefits from offering continued discounts. So issuers need a funnel of new offers to replace the ones they lose.

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Elon Musk’s Twitter Plans To Offer Debit Card, High Yield Money Market Accounts

by Gary Leff

Nov 09 2022

In the final sketch of the Elon Musk episode Saturday Night Live last year, Musk suggested creating a currency based on “whatever we say it’s based on.” Now the Dogefather has filed paperwork for Twitter to get into the payments business.

In a Q&A today with advertisers, he described users “link[ing] their online bank account to Twitter” and offering “extremely compelling money market account to get extremely high yield on your balance.” They’ll also offer a debit card and other services.

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How To Get Exclusive Taylor Swift Presale Tickets

by Gary Leff

Nov 01 2022

In our deeply divided world, where we can’t seem to decide whether Elon Musk is a hero to the left (electric cars and solar energy) or villain (since if he allows former President Trump to trashpost on twitter that’ll be a threat to democracy, though it likely helps the political fortunes of Democrats), there’s one thing we can all come together over. Taylor Swift. Hero to the alt-right and to the cultural left.

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Paypal’s Objectionable Terms Are Back, $2500 Fines For Content They Don’t Like

by Gary Leff

Oct 26 2022

Two weeks ago Paypal introduced language into its terms and conditions that allowed them to withdraw $2500 from your account for each time they believed you “promot[ed] misinformation” or you sent, posted or published “messages, content, or materials that, in PayPal’s sole discretion, (a) are harmful, obscene, harassing, or objectionable.”

After an online backlash they pulled the language from their update. They called it a mistake, but once the internet outrage died down they brought it back.

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Citibank Testing Revamp Of Premium American Airlines Credit Card

by Gary Leff

Oct 25 2022

The premium American Airlines credit card, the Citi Executive AAdvantage card, is a bit of a throwback. The card has been largely unchanged since it launched in summer 2011. So it doesn’t have many of the benefits of other airline premium cards. However, it is by far the cheapest way to gain club access with American Airlines, since the price of membership has risen while this card’s annual fee has not. The card is overdue for a refresh.

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