Northwest has new offers up for their co-branded credit cards issued by US Bank. I’ve previously mentioned that US Bank is one of the biggest sticklers for one signup bonus per customer. However, a recent exchange with Gary Steiger (of Free Frequent Flyer Miles, where I came across this offer) made me realize that their limit is per card type. I first signed up for the Platinum Visa a few years ago when the offer was for 25,000 bonus miles over 2 years, requiring $500 in spending with Northwest for part of those miles. That signup qualified me for the 2002 Fly Free Faster promotion that netted another 10,000 miles. In 2003 I signed up for the Northwest Business Visa for 10,000 miles to qualify for that summer’s Fly Free Faster promotion. That was a…
Free $25: ING Direct Online Savings Account
ING Direct is offering 2.8% on their FDIC-insured online savings account.That’s a pretty good rate for a savings account (my local bank is offering a similar rate on 12-month CDs). What’s more, ING Direct offers new customers $25 just for opening the account when referred by an existing customer (the referrer gets $10). There are no account minimums and no fees. You can open the account with $1 and get credited an additional $25. They’ll make you wait some time, I think a month, before you can withdraw their $25. Other than that, no restrictions. There was once a $50 referral offer, I haven’t seen that in a couple of years though. I signed up at $25, pulled my money out, but then a couple years later realized I still had the account (with 17…
Fare Alert Email List
Flyertalk’s ScottC has reactivated his free travel deal alert email service. He says that all of the subscribers to the old email have been imported into the new system. This isn’t a ‘TravelZoo Top 20’ or airline weekly e-fare list — it’s a low-volume alert list to let you know about breaking deals and fare glitches, such as the famous $61 roundtrip to Iceland, $20 British Airways fare to anywhere in Europe in World Traveler Plus, and $55 business class deal to Puerta Vallarta. Definitely worth signing up.
Independence Air Discounts
Independence Air’s 20% discount which had been set to expire March 31 is now valid through July 31. You have to answer a short questionnaire about your company and you’ll be emailed a unique link that generates fares 20% off what would otherwise be the lowest price for an itinerary. There’s also a 20% off link from Business Week that’s valid through June 30, no questionnaire required.
Squeezing the Profit Margins of Frequent Flyer Programs
Randy Petersen points out that airlines are booking balance sheet adjustments to increase their expected liability for their frequent flyer programs. When an award is redeemed, frequent flyer programs recognize revenue from mileage they’ve sold and they have to pay for the awards that are claimed. A domestic saver award might entail a frequent flyer program ‘buying’ a seat from the airline for $25. A partner award is more expense, and an ‘anytime’ award (that generally requires about twice the number of miles to redeems) is more expensive still. Frequent flyer programs are apparently seeing greater redemption of anytime and partner awards than past experience would predict, so they have to acknowledge an increased future liability. Randy believes this phenomenon is good for members of frequent flyer programs, because it illustrates the value of partner…
The TSA: Mend it or end it?
Bob Poole wants to mend the TSA, Jim Harper wants to end it in a debate on transportation security. Some important points from Poole, the defender of government’s role in aviation security in this debate:Against a comprehensive terrorist threat whose true dimensions are necessarily unknown, a free and open society has endless points of vulnerability. Attempting to “harden” all likely targets is a losing strategy—and a recipe for bankruptcy. …The single most effective thing that’s been done in this regard is to retrofit much stronger cockpit doors, to deny terrorists access to pilots and controls should they manage to get on board. But the rest of aviation security policy is an inconsistent mix of overkill and underprotection. Mandating 100 percent inspection of checked bags for explosives, but not of carry-on bags, makes no sense. Neither…
A Good Hotel Responds to Their Guests’ Needs
Via Tripso.com, Mariah Carey is a pretty demanding hotel guest. When the singer’s aides arrived at a London hotel at 2am yesterday to check preparations for her imminent arrival, they were dismayed to find the red carpet had not been rolled out. They explained that, whatever time of day or night she arrives, Miss Carey is always welcomed by a thick-pile red carpet illuminated by large white candles. Her limo circled the block while the hotel prepared for her arrival.
American Mastercard Bonus
The American Airlines Mastercard is again offering no fee for the first year and 15,000 bonus miles with first purchase. Citibank has been known to award the bonus miles even to people that have had the card in the past, despite terms that specify that the bonus can only be earned once. Best practice is to print out the application page which mentions the 15,000 bonus miles and also to print out the terms and conditions which mentions no annual fee for twelve months.
Diners Club Award Changes and Bonuses
Starting April 1st 2500 Diners Club points will yield only 1500 Priority Club points, down from the current 2000. It will also take 3000 Diners Club points for 1 Southwest Rapid Rewards credit, up from 2000. Club Rewards members have until March 31 to redeem at the current rates. Meanwhile, transfers of Club Rewards points between May 1 and August 31 will receive a 50% transfer bonus just like last year. This is something of a disappointment because previous years had seen a 100% summer bonus. Between March 1 and May 31, transfers to USAirways earn a 25% bonus. (Registration required.)
Frequent Flyer Advice: the End of Nuance and the Last Man
The Denver Post carries a piece in what seems like a neverending stream of stories on how difficult it is to use miles, and how miles are worth less today than ever before. (Hat tip to Today in the Sky.) The article makes the correct point that major airlines are on financially shaky ground. After two years in bankruptcy, United still lost over $300 million in January. But while the future of USAirways is up in the air, most flyers have little to fear in the immediate term over losing their miles. To name just one data point, American Express prepaid half a billion dollars for miles, they seem pretty confident about the future of the Skymiles program. Still, the article is correct that the number of miles required to redeem many awards has gone…