Category Archives for Credit Cards.
Chase earns over $5 billion in revenue from its credit card portfolio per year, but they’ve made it a corporate priority to build a product that’s intended to kill the credit card business. And CEO Jamie Dimon threatened to fire senior leaders who get in the way.
Marriott is introducing two new mid-tier cards – Marriott Bonvoy Bevy American Express® Card and the Marriott Bonvoy Bountiful™ Card from Chas – and the premium Marriott Bonvoy BrilliantTM American Express® Card is getting a new slate of benefits.
I don’t quite see the argument for the mid-tier cards, but the premium card product is going to appeal to a lot of customers that stay with Marriott but don’t earn Platinum status or above on their own.
American Express is offering 12 simultaneous bonuses for transfers from Membership Rewards to airlines and hotels. They’ve only ever done this once before. It’s a cacophony of opportunity for those who have their transferable points. The offers run through September 30, except for Marriott and Hilton which runs through October 31.
Bilt Rewards is adding 3 new airline transfer partners, which will give them 12 airline partners and 14 transfer partners overall. In addition to being able to transfer Bilt points to American, united, Air Canada, Turkish, Hyatt and more you can now transfer points to British Airways – and coming next month will be able to also transfer to Iberia and Aer Lingus.
American Express is running several offers to encourage spending on their own-branded (Membership Rewards) cards like the Gold and Platinum cards. These can be found when logging into your account, under Amex Offers. And you have to add them to your card with the click of a button in order to register and earn the bonus for your spending.
All (4) available United cards from Chase now have great offers – up to 100,000 miles – giving you plenty of options.
LAST CALL: These offers at these links will be removed by end of the day on 8/10/2022. There’s just one week left.
Right now one of Citi’s transfer partners – Avianca LifeMiles – is offering a 25% bonus on Citi transfers through August 31. What’s interesting is that this is LifeMiles making the offer – they want to encourage the transfers from Citi, so Citi pays them for the miles – rather than Citi making the offer.
This spring Chase revealed that they would launch ChaseTravel.com this year. They are still on track and fleshing out more detail about what it will look like.
They’ve expected the product to generate $10 billion of sales in 2023 and $15 billion by 2025, making it the third largest travel agency behind Expedia and Booking.com. Already Chase generates 25% of total leisure travel spend on its cards.
Capital One launched the new Spark Travel Elite card this week. It’s the ‘small business version of Venture X’ and has an initial bonus offer to earn up to 250,000 miles.
Currently the card is only available through Capital One business relationship managers, though that’s expected to change and the card should become available more broadly. Existing customers of Capital One business cards except for Spark Cash Plus are eligible to apply for the product.
Capital One Business’ new product, Spark Travel Elite, has an up front bonus up to 250,000 miles (!). Think of it as the small business version of Venture X. Right now it’s available only to Capital One customers with Relationship Managers but will become more broadly available.
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 »
