News Roundup
This is a list of news from around the web which I came across in the last few days. I found these articles interesting and somewhat related to the travel and deal content you regularly see here at Danny the Deal Guru. Sometimes just interesting and not related at all, but I hope you enjoy them just the same. If you come across any interesting articles, or if you have your own blog and have something relatable please send them my way.
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Nearly 50 Million Cardholders Had Credit Limits Reduced, Card Closed Involuntarily
Nearly 50 million credit card customers in the U.S. said they have had their credit limit slashed or their card closed in the past month as lenders move to minimize their risk amid the COVID-19 shutdown, a new study revealed. They found that among cardholders, 37 percent of Gen Z (ages 18 to 23), 36 percent of millennials (ages 24 to 39) and 35 percent of Gen X (ages 40 to 54), said they experienced the changes. That compares with just 8 percent of baby boomers, ages 55-74.
How the Flixbus European Travel experience went sour
The frantic calls made to the English and German speaking Flixbus lines were answered by the form like response of “ apologizing for any inconvenience” but offering no information on what is going on or how the issue with be dealt with by the company. It became clear that the passengers were to left to fend for themselves.
Uber closes Eats operations in eight smaller markets
Uber Eats announced this week that it will end operations in eight markets because they did not offer a clear route to becoming the number one or number two online food delivery operator. The markets where Uber Eats will no longer be available are Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Ukraine, and Uruguay, and wind down the Eats app and transition operations to Careem (its wholly-owned subsidiary operating primarily in the Middle East) in UAE.
J.Crew has filed for bankruptcy
J.Crew Group, which operates the J.Crew and Madewell brands, has become the first national US retailer to file for bankruptcy protection since the coronavirus pandemic forced a wave of store closures. The clothing retailer said Monday that it has filed to begin Chapter 11 proceedings in federal bankruptcy court in the Eastern District of Virginia. The company also said it had reached a deal with its lenders to convert about $1.65 billion of debt into equity.
MS’ing your way to lifetime Hilton Diamond
The Amex Hilton Aspire card now earns 12X at grocery stores after new limited time benefits were introduced. And all those points will go towards your Hilton Base Points towards Lifetime Diamond status. Here are the requirements:
- Earn Hilton Diamond status for 10 (non-consecutive) years PLUS
- Complete 1,000 paid and reward nights OR
- Earn 2,000,000 base points.
