Category Archives for Credit Cards.
We all know how overpriced minibars can be. And in major cities you have to take out a second mortgage to afford a cocktail in the bar, too. In one case that turns out to be literally true. Insult to injury? The foreign transaction fees.
Which machine can claim to be the first modern ‘ATM’ is somewhat disputed, but certainly the modern cash dispensing ATM in the U.S., manufactured by Docutel, began 50 years ago today at Chemical Bank in Rockville Center, New York. An ad read, “On Sept. 2, our bank will open at 9:00 and never close again!”
Barclays has been running an interesting new cardmember offer for their AAdvantage Aviator Red Mastercard that includes both miles and a companion ticket. I’ve confirmed that the offer will end August 31. The new offer is better — 60,000 miles and a companion ticket.
Chase has announced two major changes to the British Airways Visa, without taking anything away: faster earning and taking on high taxes and fees on awards. The important takeaway is that the card will let you redeem British Airways Avios with less of a blow from the carrier’s surcharges. As a result, the card can add value even when you’re redeeming transferred Chase or American Express points.
Chase has added Emirates Skywards as a points transfer partner. You can also transfer American Express and Capital One points to Emirates.
Here’s how redemptions on Emirates works – how many points, where to find award space, what you can accomplish with their miles.
The Chase Sapphire Preferred Card was the ‘it’ card several years ago and it remains just as good. It had a generous initial bonus, earned double points on travel and dining, came with primary collision coverage when you rent cards, and points transfer to a variety of airline and hotel points programs.
So why the need to increase the bonus to 60,000 points after $4000 spend in the first 3 months of cardmembership?
The mobile payments market is going to converge on a much smaller number of players. Success requires adoption at scale, and while it may not be a winner take all market — Visa, Mastercard, American Express and even Discover have been able to co-exist and both Apple Pay and Samsung Pay are stronger — there’s not room for every entrant to succeed.
American Express is offering a 40% bonus on transfers from Membership Rewards to British Airways through October 1. They’re also offering the same 40% bonus on transfers to Iberia and to Aer Lingus, all of which are owned by the same company. I find that you need to log in to your Membership Rewards account to see the transfer bonuses.
A little over four years ago I first covered the City National Bank Crystal Visa Infinite Credit Card.
At the time it was the only Visa Infinite card you could apply for in the United States. It was interesting because the card offered a $250 airline fee credit, not just to primary cardholders but also to no annual fee authorized users, and also because it offered a Priority Pass for lounge access without guest limits. It’s not a great card for spending but there are other rich benefits as well.
She’s proposing to amend the Fair Credit Reporting Act to require credit scores to take into account more types of payments. Paying rent, cell phone bills, and utility bills on time would give you a better credit score. And a better credit score gives you better access to credit, the theory goes.
Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel -- a topic he has covered since 2002.
Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »
