Josh Hawley calls it “destructive corporate consolidation at its starkest” and says it will “create a new juggernaut in the credit card market, with unprecedented powers to extort American consumers.” Unprecedented? American Express operates closed loop payments (card issuer and payments network) today, and Chase issues nearly as many cards as this combined business would.
Credit Cards
Category Archives for Credit Cards.
Why Capital One’s $35 Billion Purchase of Discover Is A Big Win for Consumers
Durbin-Marshall seeks to require cards to be used either on the American Express or Discover networks as a challenge to Visa and Mastercard. This deal massively bolsters Discover, creating more competition in payments processing.
Ultimately by promoting competition without legislative action (and legislative destruction), this is great for consumers and rewards.
Earning on the Edge: Are Bilt Rewards New Milestone Rewards Truly Worth It?
IHG and Hyatt both offer “Milestone Rewards.” American’s concept is “Loyalty Point Rewards,” formerly called “Loyalty Choice Rewards.” Of these, Hyatt was first. They award benefits for progress as you progress through the program, not just on achieving status tiers. That makes earning your next award closer than before, more accessible and keeps members wanting more because the next thing is achievable.
Bilt Rewards has introduced its own Milestone Rewards.
Today Only: History’s Best Transfer Bonus From Bilt Rewards – Up To 150% With Air Canada Aeroplan!
Bilt Rewards runs bigger points transfer bonuses than any other program. But they last only a day – when they come around, it’s for the first of the month, “Rent Day,” since Bilt makes rent more rewarding.
Soon You’ll Earn Bilt Rewards For Mortgage Payments
What’s really interesting is these new markets. Student housing means expanding beyond the core urban professional renter, but is still adjacent, reaching a demographic likely to graduate into their current core – earlier.
But “single-family” is interesting, too, since they also say that “Bilt plans to venture into mortgage payment rewards.” So earning rewards paying your mortgage like they currently offer rewards for paying rent.
American Express Planning To Build New Travel And Lifestyle Super App
Competition is heating up between the big banks to serve premium customers across travel, dining and experiences, with American Express looking to hire a leader that will help them build a new app ground-up.
Bilt Rewards: Former Amex CEO Becomes Chairman, NFL Commissioner Joins Board
Fifteen months ago Bilt raised $150 million at a $1.5 billion valuation. It became one of the fastest companies to ever become a ‘unicorn’.
Now they’ve raised an additional $200 million at a $3.1 billion valuation.
Behind the Scenes: Insider Reveals Hidden Dynamics Of Banking And Payments
This blog post delves into the intricate and often concealed aspects of banking and payment systems, drawing on insights from an expert interview. It explores various elements of the finance world, from the motivations behind banking operations to the complexities of credit card processes and the impact of crypto on transaction fees.
New York: Bilt Rewards Early Access And Statement Credits For Restaurant Week
Bilt Rewards get ‘first to know’ advance reservations for New York City Restaurant Week, January 16 – 24. Plus, take advantage and earn up to (3) $10 statement credits on $45+ spend at participating restaurants.
Maximize Your Travel: The Definitive Guide To Which Transferable Points Are Most Valuable
Answering this question starts with looking at the transfer partners each program has (they’re all different), which partners provide the most value, and also how flexible each currency is when you want to use your points directly against a paid ticket or hotel night rather than redeeming for a free flight or free hotel award night.