Credit Cards
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1Password Partners with Privacy.com to Offer Virtual Credit Cards
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.
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Most People Being Denied Match to 80K Chase Sapphire Preferred Bonus
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.
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Bank of America Shutdowns Due to Too Many Account Openings/Closings
“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.”
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Chase Asking Some Credit Card Applicants for Income Verification
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.
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American Express Will Automatically Enroll Business Cards in “Pay Over Time”
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.
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Capital One Is Cutting Credit Limits for Many Cardholders
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.
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Amex Denying 3-Month Spending Extension Based on Approval Date
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.
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Chase Backtracks on New SSN Requirement for Credit Card Applications
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.
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Chase United Gateway Card Coming in September, Will Replace United TravelBank
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.
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Chase Cards Are Now Available for US Citizens and Green Card Holders Only
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.
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American Express Starts Applying Payments Instantly on Credit Cards
Now when you pay an American Express credit card, you will see the balance and the available credit updated immediately. This is similar to how payments have always worked on Citi credit cards.
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Amex Launches ‘Score Goals’ to Help Consumers Improve Credit Score
American Express announced that it has enhanced MyCredit Guide, it’s popular free credit score tool, to include Score Goals. This is a new capability to help most U.S. consumers, even those who are not American Express Card Members, improve their Vantage 3.0 credit score.
