Jul
13
2018
You’re costing Chase more than they expected, and they’ve revealed how much more to investors.
Chase Takes $330 Million Charge Due to High Cost of Points Redemptions
Credit Cards
Category Archives for Credit Cards.
How Supreme Court Nominee Brett Kavanaugh Earns Credit Card Rewards
Jul
12
2018
As the media and opponents dig into the background of the President’s nominee to replace Justice Anthony Kennedy on the Supreme Court, one story circulating is about Judge Brett Kavanaugh’s reported past credit card debt.
Notably, Judge Kavanaugh does not currently have any reportable credit card debt. And he explains his past credit card balances that exceeded his net worth excluding the value of his residence as the result of purchasing items ‘for friends’ that he was reimbursed for.
New American Express – Marriott Transfer Ratio Coming in August
Jul
06
2018
In the new Marriott program there will be two card issuers: Chase for personal cards, and American Express for premium personal and small business cards. All legacy cards will continue to be serviced.
And in the new program the transfer ratio of Membership Rewards to Starwood (and ultimately Marriott) will be changing as well.
Chase’s 5/24 is Expanding
Jun
28
2018
On Wednesday I attended a briefing with Chase and Hyatt executives about the new Hyatt co-brand card that launches today. I’ll have more on that today.
We talked through the reasons for the new card benefits and had time for some question and answer. I asked about Chase’s “5/24” rule.
First-Ever: Credit Card Earns 1 Elite Qualifying Mile Per Dollar Spent
Jun
27
2018
Barclays just re-launched the Frontier Airlines World Mastercard and it’s one of the most creative new products I’ve seen in a long time. Frontier is an ultra low cost carrier, but for cardmembers it doesn’t have to be. In fact if Frontier had onboard internet this card is good enough to make me consider the airline.
New Aggressive Pitch for Onboard Credit Card Signup — ‘Get Both’ for Big Bonuses
Jun
14
2018
I was surprised flying American Airlines this week that the onboard credit card pitch for the Barclays AAdvantage® AviatorTM Red World Elite Mastercard® included the flight attendant noting that this is ‘a new card introduced in 2017 (sic) and that if you already have the American Airlines card issued by Citi you can get this one too.’
Explicitly mentioning a competitor product seems to be a new part of the script since I’ve seen several references to this from other flyers on Facebook as well.
American Express Will Now Give You a Warning If You’re Not Eligible for an Initial Bonus
Jun
13
2018
Lifetime means as long as American Express sees you as having had a card in the past. Often that seems to be around seven years. You can ask American Express what cards you’ve had in the past and they’ll tell.
There’s no more guessing, because American Express has a new popup when you submit an application — before they pull your credit — noting you’ve had the card in the past (or currently have it) and therefore aren’t eligible for a bonus. You can proceed with the application if you wish, or stop the process.
Capital One Venture Adds Global Entry/TSA PreCheck Benefit, Still 50,000 Mile Initial Bonus
Jun
11
2018
Capital One just added TSA PreCheck or Global Entry reimbursement to the Capital One® Venture® Rewards Credit Card.
It’s not the first card to offer this of course but it’s another benefit for an already strong rewards card. And it’s the second new benefit already added this year. That’s important because they’re improving the value proposition on the card while several other cards are seeing things taken away.
American Express Adds a New Restriction for Initial Bonus Offers
Jun
07
2018
Credit card company acquisition offers are expensive. While with co-branded products it’s not always the bank buying the entire bucket of miles they’re offering you — acquiring new customers can be profitable over time both for the bank but also for the airline or hotel — this up front cost only gets paid back when customers use their new cards, keep them, and continue spending over time.
2 Improved American Express Benefits and a New Points Transfer Option
Jun
05
2018
A roundup of the most important stories of the day. I keep you up to date on the most interesting writings I find on other sites – the latest news and tips.
