Skeptics of the program have little reason not to participate. If you think they’re providing too much value to be sustainable, that would seem to be an even stronger reason to go all-in with the program (to benefit from the excess value they’re delivering).
Credit Cards
Category Archives for Credit Cards.
1.83 Million Amex Points Gone In Seconds—Tariffs Force CEO To Torch Hard-Won Rewards
Here’s a CEO who spent 1.83 million American Express Membership Rewards points to cover a surprise tariff bill at the guitar pedal manufactuing company he runs in Oklahoma Cty.
Is The Golden Age of Credit Card Bonuses Ending? Here’s How And Why Chase and Amex Are Quietly Changing the Rules
One upside of this new approach that Chase and American Express are taking is that you’d expect richer rewards and lower annual fees to be the result in a highly competitive industry. In fact we have seen much richer rewards over time – standard bonuses were smaller and points-earning was generally just one mile per dollar when I got started – but fees have also risen. There are also a lot more rewards card issuers than there used to be, and a lot more products, so the customers Chase and American Express are trying to avoid can simply look elsewhere.
Chase’s Points Boost is Live—These Cardholders Just Got Huge Wins, Others Lose: Here’s Where You Stand
Chase’s new “Points Boost” feature on their premium credit cards looks a lot better than I thought it would. It’s available now for all Sapphire Reserve cardmembers, even though the rest of the card proposition’s changes don’t come into effect until October for those of us who already had their cards in our wallets.
Chase Lost Billions On Sapphire Reserve—Here’s The Strategy Behind Its $795 Relaunch
The product was wildly successful attracting young, affluent cardmembers. But it wasn’t profitable. Early on Chase filed SEC 8-Ks outlining greater than expected costs. My understanding is that in the first five years after launch they’d cumulatively lost around $2 billion on the product.
Chase Sapphire Reserve’s New $795 Rules Are An IQ Test—Win Big Or Get Played
Chase is revamping its Sapphire Reserve card. It’ll be more expensive, and the earning and redemption proposition will be different. There are a lot more credits than before. So what’s the next effect on cardmembers – are the changes to Sapphire Reserve good or bad?
Leak Confirms Delta & Amex Building Ultra-Premium Card Above Reserve—Will It Carry A Four-Figure Fee?
Delta and American Express are working on a new premium credit card, positioned as higher-end than their current premium Delta Reserve card that comes with lounge access.
Sapphire Reserve Relaunch FAQ: What Chase Told Me About Deadlines, Bonus Rules, And Locking In The Old Deal
It seemed worth pulling out separately things like ‘what happens to my existing Sapphire Reserve points?’ and ‘when does this change actually go into effect for existing customers?’ And perhaps even more importantly, ‘is there a brief window for me to choose whether I like the old or new product better?’
Chase Launches First-Ever Sapphire Reserve Business Card—$795 Fee, Massive Perks
Until now they haven’t had a business version of the popular Sapphire Reserve card. That’s surprising. Amex has the Business Platinum. Even Capital One has Venture X Business. Yet Chase’s small business cards focused on the entry-level Ink and the mid-tier product that was closer to Sapphire Preferred.
After 9 Years, Chase Sapphire Reserve Just Blew Up Its Model—Why The New $795 Card’s Benefits Radically Outweigh The Cost
While some members will find reason to be disappointed, overall I think they’ve done a really great job re-engineering the economics of the card both to benefit their own book and to offer more value to cardmembers.