Credit Cards

Category Archives for Credit Cards.

CFPB’s Warning Shot Says Airline Miles Devaluations Are Now Illegal Bait-and-Switch—Just Empty Words From Regulators?

Dec 18 2024

The Consumer Financial Protection Bureau has launched a broadside against credit card rewards programs. I spoke with CFPB’s Director, Rohit Chopra about the effort.

The agency warns that several aspects of credit card rewards programs – like devaluations – may violate the law, that retail (store) cards are often poor value, and that consumers can be misled by tools that purport to suggest the best product for them.

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Exclusive: Alaska Airlines’ New Premium Card Global Companion Award And Fee Waiver Details Revealed

airplane cabin
Dec 13 2024

Alaska Airlines announced this week that the move to a single loyalty program with Hawaiian Airlines will come this summer, and that they’ll also launch a premium credit card at that time.

Brett Catlin, Alaska’s Vice President of Loyalty, Alliances and Sales, shared some additional details about the card’s companion award certificate with me.

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American Express Adds Hilton Statement Credit Benefit To Business Platinum Card

hotel lobby
Dec 12 2024

I was approved for this card early in 2024 and now face a choice over whether it’s worth keeping. For now, this Hilton benefit is additive. I suspect it will be more valuable to me than benefits that we may lose – but split up quarterly, at $50 per quarter, requires somewhat regular business with Hilton to maximize and I’m not a Hilton regular. So I’ll have to factor the increased effort (compared to, for instance, making an online Dell purchase) into the equation.

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Barclays Cards To Disappear: How Citi’s New Exclusive Deal With American Airlines Will Reshape Your Miles Strategy

Dec 05 2024

American Airlines and Citibank have entered into an agreement to extend their cobrand credit card agreement by 10 years. This deal pushes out Barclays, and makes Citi the sole issuer of American Airlines credit cards in the U.S. starting in 2026.

We will start to see points transfers from Citibank to American AAdvantage and likely more.

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