Credit Cards

Category Archives for Credit Cards.

Use Any Brex Points Before They Close Your Account!!

by Gary Leff

Mar 11 2022

My first thought was to generate some account activity but that may not be enough to save the account. I might do that anyway, but I’m going to use my rewards right away. Brex says if I use the account they will merely “conduct an internal review” over whether to close the account. Usage alone may not be enough to save it.

Meanwhile one reader shared that when Brex told them their account would be closed in 30 days the account was actually closed sooner than that. I’m going to cash out my 210,000 points immediately.

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Capital One Adds Virgin Red As New Mileage Transfer Partner

by Gary Leff

virgin atlantic
Mar 01 2022

Capital One is adding a new 1:1 mileage transfer partner “in the coming weeks.” Virgin Red.

Chase, American Express, Citi and Bilt all transfer to Virgin Atlantic. Virgin Red is the multibrand Virgin loyalty currency that includes Virgin Atlantic. So this gives Capital One Virgin, too, while also allowing them to say they’re “the first US credit card issuer to partner with Virgin Red.”

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A New Co-Brand Credit Card May Be Coming That Awards You Ownership In The Airline

by Gary Leff

Feb 20 2022

During the pandemic credit card companies weren’t adding many new customers for travel credit cards. But customers were still cancelling cards, at least at normal rates. (Banks went to great lengths to retain customers and did stop greater levels of cancellations in most cases.)

But without adding customers to the funnel, portfolios shrank. That’s a major reason we’ve seen such big initial bonuses over the past 6-9 months. And we’ve also been seeing cards get refreshed with new benefits, to remain competitive, to better appeal to new customers, and to address customer preferences that have changed.

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