Category Archives for Credit Cards.
We now have full detail on stores earning 5% back: JCPenney; Aeropostale; Brooks Brothers; Nautica; Forever21; Reebok; Eddie Bauer; Lucky Brand (brands earn 5% at Simon malls and online) as well as gilt.com, ruelala.com, and shoppremiumoutlets.com. 3% and 5% categories are capped at $10,000 spend annually.
When the Aeroplan® Credit Card from Chase launched they said they’d be adding a ‘Pay Yourself Back’ feature with points worth 1.25 cents apiece towards paid travel. That feature starts January 13, 2023.
While there’s a cap of 50,000 points annually you may redeem this way, that cap does not apply in 2023.
Now that the year has reset, so have a number of credit card benefits, and elite ‘tasks.’ Here’s what I went through first thing in the morning on New Years Day.
Capital One is eliminating non-lounge airport facilities from Venture X Priority Pass cards effective January 1, 2023. This follows a similar move by American Express in summer 2019.
As a result, Capital One Priority Pass cardholders will not longer be able to swipe their cards for $28 credits at participating restaurants. Chase, by contrast, will still cover restaurant swipes for their Sapphire Reserve cardmembers.
In order to be an attractive co-brand partner you need a large base of customers who are loyal to your brand. And ideally you have a currency and benefits those customers are willing to accelerate with their spend. There’s just not a huge opportunity on day one.
So Avelo has an interesting workaround. They’re not yet in a place to generate that sweet, sweet co-brand cash. But they can earn a commission on credit card signups.
The Bilt Mastercard, the no annual fee card that lets you earn points paying rent at no cost (up to $100,000 per year) and earns double points on travel and triple points on dining, earns even more one day a month for “Bilt Rent Day,” but for this month it’s running a full week thanks to Black Friday.
Bilt Rewards is offering the first-even 100% transfer bonus with a partner that normally has a 1:1 ratio, at least the first that I’m aware of in twenty years.
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.”
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.
It’s now possible to earn Star Alliance Gold status through credit card spend alone, and to earn transferable Star Alliance points in the Star Alliance Rewards program.
Star Alliance has launched its first stand-alone credit card, in the Australian market. This is expected to expand.
Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel -- a topic he has covered since 2002.
Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »
