Visa and Mastercard have entered into a $30 billion anti-trust settlement with retailers over card interchange fees. Readers are asking, as one put it, “Is this the end of credit card rewards?”
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Mastercard Introduces ‘Pay With Your Face’
Mastercard has launched a biometrics pilot to let consumers pay with the palm of their hand or with their face rather than swiping or tapping a credit card.
Who’s Paying For All Those Bazillions Of SimplyMiles?
SimplyMiles lets you earn American Airlines AAdvantage miles for transactions with a variety of merchants when making the purchase using a Mastercard that’s been linked to the site. They host numerous ‘Mastercard Offers,’ sort of like Amex Offers. But Mastercard doesn’t have the direct consumer relationship that Amex has with its closed loop. So they’re going after American AAdvantage customers.
I earned 7 million miles with their latest promotion. Other readers earned more. And I’ve had several people ask me about the economics of these offers.
Buy An American Airlines Flight, Get $50 Off
Mastercard has a new promotion offering a $50 discount on an American Airlines flight if you make a booking on the AA.com website by September 30, 2021. You’ll receive a code for $50 off your next trip.
If you have a Mastercard, there’s no reason not to register in case you wind up booking an American Airlines flight by September 30. You don’t even have to enter the Mastercard’s details in order to register.
The End of Magnetic Stripes On Credit Cards Is Coming
Credit cards no longer have to have raised numbers on them. Starting in 2024 Mastercards will no longer have to have magnetic stripes, either, and no new Mastercards will have them after 2029.
Is Passenger’s ‘African American Service Charge’ On American Airlines A Hoax?
Update: This was caused by a data matching error at Capital One Kyetra Bryant flew American Airlines from Charlotte to Denver over Thanksgiving. She and her companion checked in at a kiosk and paid a checked bag fee. She says the charge appeared on her bank statement as “African American, African service charge.” Hey @AmericanAir What is an African American African service charge??!?!? pic.twitter.com/UmR0sBGLPT — A Simp Named Slickback (@___seeryandavis) January 29, 2021 At first it seemed like perhaps a ‘rogue kiosk’ is at fault (because while American is unable to manage processing confirmed upgrades online, they have rogue AI kiosks) or… American Airlines appears to blame Mastercard, The customer alerted American to the offensively labeled baggage fee on her bank statement in mid-December. We were disturbed by what we saw and immediately launched an…
What Happens to Your Credit Card Purchase Data After You Leave the Store
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.
Mastercard Will Let You Put a Name on Your Credit Card That Matches Your True Identity
If the legal name on your credit card doesn’t match your gender identity there may be awkward moments at the checkout counter or even denial of service from a clerk who suspects fraud because you appear to be a different gender than the name printed on the front or back of your plastic.
Pay Bills With Your Credit Card and Earn Miles: 1.5% on Up to 3 Payments This Month for Some
Plastiq.com is a service that will charge your credit card and mail checks on your behalf. (With some vendors they also make electronic ACH payments.)
Their usual fee for this is 2.5%. It’s worth it to incur that fee if you’re earning a signup bonus with the credit card charges, or you’re meeting a spending threshold for a bonus.
The 4 Best Rewards Cards From Barclays
Now that Barclays has pulled new applications for the Arrival Plus card from the market, as they re-evaluation their branded card (and lending) strategy, what are the best Barclays credit card options?
There are some gems in the portfolio, and in fact the one card I feel like I missed out on is a Barclays product.