Sellers download an app, supported by their acquirer, and after registering and selecting their participating bank, the sellers can start accepting contactless payments in just a few minutes. Buyers just tap their Visa cards to the merchants’ phone to complete the transaction.
Chase has just introduced a new offer where Chase Ink, Sapphire and Freedom cardmembers can redeem points worth up to 50% more when purchasing Apple products with Ultimate Rewards points.
If you take a credit card out of your wallet right now, most likely it will have the logo of one of the four major credit card processors. Those are Visa, Mastercard, American Express and Discover.
I noticed this in my American Express Cash Magnet® Card account. I haven’t used the card in months and had less than a $40 Reward Dollars Balance. Then, in the last couple of days that balance jumped close to about $565.
I first wrote about the issue when the new Chase Sapphire Preferred 80K bonus was released. Even before that matches were not offered for better United card bonuses. And now people are being denied for a match to the new Chase IHG Premier card bonus that I wrote about earlier.
Chase has messaged many cardholders today about these offers, warning them that terms have changed and that abusing these offers may result in the exclusion from future offers.
1Password has announced a new partnership with Privacy.com. 1Password now lets you create virtual cards in your browser to make online payments more safely. You can create as many virtual cards as you need and control where and how they’re used.
Chase Sapphire Preferred has a new increased welcome offer of 80,000 Ultimate Rewards points for spending $4,000 within three months of card membership. The previous offer was only 60,000 points.
The ‘Pay Over Time’ program is available for American Express charge cards and it basically makes them credit cards, as you don’t have to pay in full by your due date.
“A cash advance is a charge to get cash or cash equivalents, including travelers cheques, gift cheques, foreign currency, money orders, digital currency, casino gaming chips, race track wagers, similar offline and online betting transactions, and digital precious metals products.”
“Effective immediately, we have closed this Alaska Airlines business card account and all individual accounts associated with it because of excessive account closings and openings to accumulate bonus miles under the Alaska Airlines business card program.”
Income information is always required when applying for a new credit card, but it is usually just a question during the application. Recently, some applicants have been asked for additional documents.
Until now, enrollment was optional, but starting with the November billing cycle, Green, Gold and Platinum Business Cards will be automatically enrolled in “Pay Over Time”. This will apply to both new and existing Card Members.
Some customers have complained in recent days their limits have been slashed by as much as 75%. To makes matters worse, the lower credit limits make it more difficult to borrow in an emergency during a pandemic. Such drastic drops in limits also affect cardholders’ credit scores.
Having an extra three months to complete spending was crucial during the pandemic. That extra time that American Express provided to complete spending requirements for welcome bonuses, probably convinced more people to apply for new cards.
Applicants with Social Security Numbers that are “Valid for work only with DHS Authorization” can now be approved again for Chase credit cards. The restriction was rolled back on August 20th.
A letter sent to current United TravelBank Card holders says the card will convert to the United Gateway Card on September 21. The new revamped card will earn United MileagePlus Rewards for their purchases, instead of TravelBank Cash.
US citizens and Green Card holders are usually the only ones eligible for for a a non-restricted SSN. So it looks like if you do not fall under those categories, you will not be able to apply for any new Chase credit cards.