Tag Archives for chase.
Chase expects their travel platform will generate $10 billion in sales initially 2023, and $15 billion within a couple of years, becoming the third largest travel agency behind Expedia and Booking.com. Already Chase generates 25% of total leisure travel spend on its cards.
As Chase puts together the details, we learned Last summer that there were plans for a total of 9 Chase Sapphire lounges, but only 6 locations had been detailed.
When the Aeroplan® Credit Card from Chase launched they said they’d be adding a ‘Pay Yourself Back’ feature with points worth 1.25 cents apiece towards paid travel. That feature starts January 13, 2023.
While there’s a cap of 50,000 points annually you may redeem this way, that cap does not apply in 2023.
We’ve seen American Express load up on merchant-funded offers to show substantial cash value to cardmembers, while raising annual fees. We’ve seen Chase do the same – think DoorDash and Lyft right before the pandemic, while announcing a fee increase on the Sapphire Reserve card.
These offers can be hard to make last. Eventually the brand reaches as many customers as they are likely to reach, and no longer benefits from offering continued discounts. So issuers need a funnel of new offers to replace the ones they lose.
Chase earns over $5 billion in revenue from its credit card portfolio per year, but they’ve made it a corporate priority to build a product that’s intended to kill the credit card business. And CEO Jamie Dimon threatened to fire senior leaders who get in the way.
Marriott is introducing two new mid-tier cards – Marriott Bonvoy Bevy American Express® Card and the Marriott Bonvoy Bountiful™ Card from Chas – and the premium Marriott Bonvoy BrilliantTM American Express® Card is getting a new slate of benefits.
I don’t quite see the argument for the mid-tier cards, but the premium card product is going to appeal to a lot of customers that stay with Marriott but don’t earn Platinum status or above on their own.
The lounge will be 5200 square feet on the A concourse. The A concourse is also home to the Air France and Virgin Atlantic lounges, though all concourses are connected airside and the A concourse connected to the B side with the Lufthansa, Turkish, and British Airways lounges.
It will include a 1,000 square foot bar/lounge, over 900 square foot dining room, 1,400 square-foot work area, family room, prayer room and kitchen. It will be two levels, seating 74 on the main level of the terminal and 44 upstairs.
All (4) available United cards from Chase now have great offers – up to 100,000 miles – giving you plenty of options.
LAST CALL: These offers at these links will be removed by end of the day on 8/10/2022. There’s just one week left.
This spring Chase revealed that they would launch ChaseTravel.com this year. They are still on track and fleshing out more detail about what it will look like.
They’ve expected the product to generate $10 billion of sales in 2023 and $15 billion by 2025, making it the third largest travel agency behind Expedia and Booking.com. Already Chase generates 25% of total leisure travel spend on its cards.
Chase already has current transfer bonuses to Marriott and British Airways. They had a transfer bonus to Virgin Atlantic last month.
Now they’re running a 50% bonus on transfers to IHG One Rewards through August 15. You shouldn’t take advantage of this bonus (and definitely shouldn’t ever transfer Chase points to IHG without a bonus).
Cardmembers earn a total of ten points per dollar using their card for international purchases (purchases made outside the United States) between July 1 and September 30, 2022, up to 15,000 points ($1500 spend). No registration required.
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 »
