Credit Cards

Category Archives for Credit Cards.

American Express Ends Print Editions of Departures and Centurion Magazines

Mar 26 2021

American Express will no longer publish Departures or Centurion magazines in print. They are in-sourcing both publications which will be available online only. Meredith Corporation, which had been publishing for American Express, has “laid off most of the staff and halted publication of the seven-times-a-year print titles.” According to American Express, We regularly evolve our premium card offerings and have made the decision to transition the Departures and Centurion US magazine benefits to a new digital-first editorial platform. The magazines used to be produced in-house by American Express Publishing, which was sold to Time in 2013 and then Meredith in 2018. The final print issue of Departures is May/June and the final Centurion Magazine is Spring/Summer. These print publications lasted longer than many, since they were reaching a highly targeted affluent cardmember audience. However they’re…

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Capital One Will Launch New Travel Rewards Booking Portal, Leads Hopper’s $170 Million Funding Round

Mar 24 2021

The Hopper app is a flight and hotel booking tool that helps you find the best prices, including making predictions about when to buy to get the best deal. Capital One is leading a $170 million funding round for Hopper, and partnering with them to launch a new travel portal for cardmembers.

Here’s what’s wrong with most online booking tools, and how Capital One and Hopper could beat them.

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JetBlue Could Bail On Its Credit Card Issuer Again, Drop Barclays For Goldman Sachs

Mar 18 2021

JetBlue moved over from American Express to Barclays as issuer of its co-brand credit card in 2016. There’s probably a seven year deal in place expiring late in 2023. But JetBlue is already shopping their co-brand business to Goldman Sachs as they renegotiate with Barclays on an extension.

We rarely see large loyalty programs change issuers. It’s much more likely to see smaller brands with less lucrative products changing hands, which is why JetBlue could move again after just seven years.

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American Airlines Cabin Crew Have New Incentive To Sign Passengers Up For Credit Cards

Mar 11 2021

With people thinking more about getting out more in the not too distant future, on board card promotion is back in a big way in fact for March and April they’re incentivizing this with additional cash and donations.

What’s perhaps most interesting though is the statistic they’re promoting, that only 14% of passengers on a given flight have an AAdvantage credit card.

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For 2021, Marriott Amex Cards Will Reward Spending As Much As The Starwood Amex Used To

Feb 05 2021

When Marriott acquired Starwood and merged the loyalty programs, as much changed with their credit cards as with the loyalty program itself.

Chase’s Marriott cards used to earn 1 point per dollar. Starwood’s Amex cards earned 1 Starwood point per dollar. Marriott themselves declared 1 SPG point worth 3 Marriott points. In other words, the Amex cards were 3 times as rewarding for spending.

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Southwest Has A Credit Card Offer That Comes With Companion Pass. Is It The Best There Is?

Feb 02 2021

The card that comes with a companion pass is a great deal – but – consider the current 80,000 point offer that ends February 8.

Meet the spending requirement and you’ll have a minimum of 90,000 Southwest Rapid Rewards points. These count towards companion pass. As long as your Southwest Rapid Rewards account was open in 2020 you’ll only need 10,000 more qualifying points for a companion pass that’s valid longer – through 12/31/22 – and you have a lot more points.

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Stolen Credit Card Marketplace Shuts Down Permanently

Jan 20 2021

Since 2014 this site has sold ‘fresh stolen credit card data’ with ‘a promise of card validity’ and earned an estimated billion dollars. However the FBI and Interpol closed in this year, taking over blockchain domains they had been using as proxy servers for their Tor service. And they had seen a drop in activity when their administrator came down with Covid-19 and reported being hospitalized.

Moreover, the quality of the stolen cards they had been selling declined as well, because there have been fewer in-person card transactions during the pandemic and they’ve relied on hacked online card transactions.

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New York Times Says Credit Card Rewards Hurt The Poor. That’s Not True.

credit cards
Jan 10 2021

In a glowing New York Times magazine profile of Brian Kelly, the founder of The Points Guy website, there are a number of unreasonable and poorly-argued claims. One in particular bothered me enough to address: that people earning credit card rewards do so at the expense of the poor.

Merchants pay fees to swipe credit cards, but the cost to accept credit cards is lower than other forms of payment. In the fight between businesses and credit card companies over fees, poor people are used as a fig leaf for corporate interests. Cutting interchange rates doesn’t lower prices, and doesn’t improve access to credit for the poor.

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