Jan
01
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.
Here Are My New Year’s Day Miles And Points Errands
Credit Cards
Category Archives for Credit Cards.
Capital One Venture X Priority Pass Cards Losing Airport Restaurant Credits
Dec
02
2022
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.
Low Cost Carrier Avelo Launches Deal To Promote Capital One Venture Cards
Nov
30
2022
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.
Bilt: Full Week Of 6X Dining, 4X Travel, 2X On Other Spend
Nov
22
2022
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 Launches World’s First 100% Bonus With A 1:1 Transfer Partner?
Nov
22
2022
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.
Barstool Sports Founder Brags To Rite Aid Cashier About His 44 Million Amex Points
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.”
New Recursive Merchant Funded Offer From Chase And Lyft
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.
Star Alliance Now Has Its Own Points Program, Earn Star Alliance Gold From Credit Card Spend Alone
Nov
14
2022
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.
Research Finds The Losers In Credit Card Rewards Are Actually High Income
Nov
13
2022
The bet is that the bank will lose money on interchange, but make money on APR. They’re looking for customers who will revolve. Banks lose money on some customers (who pay off their bills each month) while making money on those who pay monthly interest charges.
Elon Musk’s Twitter Plans To Offer Debit Card, High Yield Money Market Accounts
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.
