Credit Cards
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Warning! Amex Clawing Back Bonuses For Cards Closed within 12 Months
The American Express Rewards Abuse Team is cracking down on more cardholders who are getting bonuses and then canceling cards, even if that happens after 11 months.
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Delta and American Express Extend Partnership till 2029
Delta and American Express are extending their exclusive partnership that includes Delta SkyMiles Credit Cards. The deal that was announced today extended the partnership till 2029. It was set to expire on 2022.
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Rumor – New Chase Southwest Priority Business Card Coming Soon?
Chase and Southwest could team up to introduce a new credit card later this year, the Chase Southwest Priority Business Card. The card could have the same structure and benefits as the Chase Southwest Priority Card that was launched last year. The rumor was shares by Doctor of Credit. Chase business cards have an upside…
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Rumor – Chase Card, Get Free Night (up to 3) at 1-4 Categories with $15K Spend
Chase could be coming out with a new signup bonus that will give you free award nights instead of points. The structure of the bonus comes from a survey that was sent out recently. It’s not specified which Chase card will have this bonus, but it’s likely the new Marriott card. The promotion will give…
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Chase Adds Spending Tracker for Credit Card Bonuses
Chase has added a new tool that will track your spending requirement towards credit card bonuses. The tool looks like is showing only for Ultimate Rewards earning cards for now, both online and in the app. DoC reports that the new Chase tracker will provide the following information: Confirming you have a signup bonus attached…
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Capital One Venture Points Lose Value When Redeemed for Gift Cards
Capital One sent out an email a few days ago to notify Venture cardholders that the value of their points would be decreased. This only applies when points are used on gift cards. Here’s what the email says: After March 28, 2019, some gift cards will cost more miles to redeem than others. For example,…
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New Credit Card from Apple and Goldman Sachs Coming Later this Year
A new credit card from Apple and Goldman Sachs could be coming soon. I wrote about it about a year ago, when it was first rumored. The card is designed to work with the Apple Wallet app on iPhones to help customers set spending goals, track their rewards and manage their balances, according to the Wall Street Journal.…
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Visa and Mastercard will Increase Interchange Fees
Visa and Mastercard are considering raising interchange fees on card transactions in the U.S. The two credit card issuers generate most of their revenue from these small processing fees. Every time you make a purchase with a credit or debit card, merchants pay a small fee to the bank that issued this card, such as…
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Amex Airline Fee Credits Not Working on Some Gift Card Purchases
There’s a few data points showing that some airline gift card purchases are not triggering the Amex credits. There’s still gift card purchases that are working fine, so this is not the end of the world.
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Amex Sending Out Forms 1099-MISC for Referral Bonuses
American Express is sending 1099s for those who have received referrals. This hasn’t been the case in the past.
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Mastercard Will Stop Merchants from Charging You Automatically After Free Trials
Mastercard announced a new policy that will require merchants to get authorization from you before charging you recurring payments for subscriptions.
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Banks Look to Cut Back on Credit Card Perks and Rewards
JPMorgan, Citigroup, American Express and other large banks are discussing how to cut back or rejigger some of their cards’ rewards. They want to encourage more card usage and scale back upfront bonuses.
