This is a roundup of news that I have come across during the day. Read about the biggest crypto exchange stopping withdrawals, quitting Amazon Prime, Priority Pass adds Be Relax spas in Detroit and San Diego, Credit Karma reinvents cash-back rewards with instant payback, IHG drops underperforming Holiday Inn and Crowne Plaza hotels
Binance Holdings Ltd., the largest cryptocurrency exchange, briefly suspended withdrawals on Monday. The company made the announcement on Twitter that it had stopped withdrawals, and then about half an hour later said they had resumed. Changpeng Zhao, the Binance co-founder who goes by CZ, said by text message that “we sometimes have to do some system maintenance work,” without elaborating further.
Benjy at Miles to Memories describes how dumping Amazon Prime has worked out for him. This is a service that millions of people pay for, but you should really sit down and figure out if it is really worthwhile for yourself. You get tons of benefits, but not everyone uses them all.
Priority Pass added Be Relax spas in Detroit and San Diego. Cardholders and one guest can redeem a visit for things like a 30-minute Lounger Massage, 15-minute Lounger Massage plus Aromatherapy & O2, 10-minute Head Massage plus Aromatherapy & O2, or 10-minute Foot Massage plus Aromatherapy & O2. Also see cards that give you free Priority Pass.
Credit Karma Money, a new checking and savings account from the company best known for its credit monitoring service, recently launched a significant new feature. Called Instant Karma, the program rewards users by randomly refunding purchases. So far, since launching the feature, Credit Karma says it has rewarded 100,000 transactions, worth $5 million.
IHG Hotels and Resorts cut ties with more hotels last quarter than it opened, part of a plan to address customer service issues across two of its biggest brands. IHG removed 9,500 hotel rooms, or 61 hotels, from its system over the first quarter, with roughly half of that coming from Holiday Inn and Crowne Plaza. The UK-based hotel company only opened 7,300 rooms, or 56 hotels, last quarter.