Suntrust Devalues the Delta Debit Card This Week, and They’re Giving Me $72.

Jul 24 2015

The Suntrust Delta Debit card was a lucrative mileage-earning tool for a long time. I’ve been writing about it since 2009.

Since it’s been a debit card that earned 1 mile per dollar charged, it’s been useful to many in the past buying money orders and depositing those back into a bank. And it’s been a highly efficient way to earn miles for paying taxes since debit transactions incur a miniscule flat fee while credit cards incur a pretty hefty percentage of the total payment.

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Proposed Law to Cap Checked Bag Fees at $4.50: It’s Stupid and Irresponsible. (And It’s Just a Ploy to Raise Airport Taxes.)

Jul 23 2015

Representative John Mica (R-FL) has introduced legislation to cap checked bag fees at $4.50.

He’s grandstanding. Because people don’t like paying checked bag fees. So he proposes to eliminate them. To borrow a line from Milton Friedman, Southwest notwithstanding, “there’s no such thing as a free checked bag.”

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Chase Will Keep Issuing the Southwest Credit Card. As Deals Get More Expensive for Banks, What’s Next?

Jul 23 2015

The Southwest Airlines – Chase relationship was up for renewal. That’s a big deal for cardmembers, and also for folks with Chase Ultimate Rewards points because those points transfer to Southwest.

Back in April Southwest engaged an investment bank to evaluate options. I wrote at the time that I expected Chase to retain the card “because it’s more valuable to them than a new bank [because of their installed cardmember base], and because they have the resources.” And indeed Chase has secured a multi-year extension of the Southwest co-brand.

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