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News Roundup
This is a roundup of news and other interesting pieces that I’ve come across over the last few days. Read about how credit card rewards exploit America’s less financially savvy, Amex clawbacks, Marriott makes U-turn on virtual timeshare presentation offer, Overstock rebranding as Bed Bath & Beyond, and Four Seasons Hawaii unveils Private Jet Experience.
Credit card rewards exploit America’s less financially savvy
The researchers of the staff working paper from the Federal Reserve’s Finance and Economics Discussion Series estimated that $15.1 billion was transferred annually from “less to more educated, poorer to richer, and high to low minority areas,” widening existing disparities.
I just got hit with the AMEX Clawbacks
Over the last week, American Express has been going after some cardholders who have used their credit cards for gift card purchases. Check your accounts to see if you are affected.
UnBonvoyed? Marriott Vacation Club Reaching Out To Reschedule Cancelled Appointments
The Marriott Vacation Club has called numerous people to reschedule their appoints that were canceled late last week for the virtual timeshare presentation offer. They also said that they would honor the 50,000 point offer for attending.
Overstock rebranding as Bed Bath & Beyond
Overstock.com intends to sunset its company name and rebrand as Bed Bath & Beyond after purchasing that company’s intellectual property assets in bankruptcy, Overstock CEO Jonathan Johnson said on Thursday.
Overstock, which chose not to bid on any of Bed Bath & Beyond’s retail locations or inventory, will remain an online-only home goods retailer, combining Overstock’s strengths with a better-known and stronger brand name, Johnson said in an interview.
Four Seasons Resorts Hawaii Unveils Extraordinary Private Jet Experience
Four Seasons Resorts Hawaii announces an extraordinary private jet experience that will redefine luxury travel to the islands. The new four-island experience invites discerning travelers to embark on an unforgettable journey, exploring the breathtaking beauty and rich cultural heritage of four iconic Hawaiian islands: Oahu, Maui, Lanai and Hawaii Island. This eight-night adventure immerses guests in the essence of each destination, while providing seamless private jet transfers throughout their journey.
Guru’s Wrap-up
Let me know if you enjoyed these articles and comment with any opinions you might have. You can also share any other interesting articles about deals, travel, credit cards and more.
