This is a roundup of news and other interesting pieces that I’ve come across over the last few days. Enter for $35 to win a villa in Tuscany, check Barclays cards for erroneous fees, AA sells access to its Flagship Lounges, Amex Platinum still a hot item even after fee increase, Schwab hit with class-action lawsuit.
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Some people have noticed that Barclays is charging foreign transaction fees on cards with no foreign transaction fees. Others have also noticed unexpected interest fees on their Barclays cards.
For the first time ever, AA will sell single-visit day passes to its premium lounges, an airline spokesperson exclusively told TPG. But at $150 per person (children under the age of two are free), access won’t come cheap.
American Express increased the fee and added new benefits to Amex Platinum credit cards.
“The numbers of new cards that we’re acquiring with that higher fee, but the expanded range of benefits, is actually up from the pace we were running at prior to the refresh,” Chief Financial Officer Jeffrey Campbell said Tuesday at a conference sponsored by Barclays Plc.
While the fee is higher, American Express has been offering some great signup bonuses as well with 100K+ points and additional earning opportunities. See how you can find the best Amex Platinum offer.
The complaint alleges that Charles Schwab Investment Advisory, the subsidiary that manages the robo-adviser, placed its interest and those of Schwab before the interests of its customers by over-concentrating SIP program accounts in cash relative to other assets.
The complaint, filed Friday in the U.S. District Court in Northern California, alleges that Schwab “willfully engaged in the unfair and unlawful acts and practices … and knew or should have known that those acts and practices were unfair and unlawful.”