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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. I thought they are worth sharing so I hope you enjoy reading them.
Visa and Mastercard Near Deal With Merchants That Would Change Rewards Landscape
If an agreement is finalized, consumers could see big changes at the register. Merchants that accept one kind of Visa credit card wouldn’t have to accept all Visa credit cards, for example. Under the current talks, credit-card acceptance would be divided into several categories including rewards credit cards, credit cards with no rewards programs, and commercial cards, the people familiar with the matter said.
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Last-minute strategies for earning Delta Medallion elite status
With just two months left in 2025, time is running out to qualify (or requalify) for Delta elite status. If you have not done so already, check your elite qualification metrics, tally up your travel for the rest of the year and see where that puts you in terms of elite status for next year. If you’re short of your goal, you still have time to close the gap. There are plenty of ways to earn Delta Medallion status — and they don’t all involve flying.
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More than 1,400 flight cancellations on Monday
More than 1,400 flights are canceled Monday, the fourth day of disruptions imposed by federal transportation officials amid the longest government shutdown in U.S. history. About 5.5% of flights are affected ‒ more than the 4% of cuts presently ordered by the Federal Aviation Administration to offset an air traffic controller shortage. Cuts are scheduled to step up to 10% by Nov. 14, but it’s unclear whether a resolution to end the shutdown, which is expected this week, will make a difference.
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A Credit Card Bonus Category Fallacy
Beyond the welcome offer, the credit card bonus category aspect is where many focus next. But it’s possible some take this too far.
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US judge rejects Capital One $425 million settlement with depositors
A federal judge rejected Capital One’s $425 million settlement with depositors who said they were cheated out of high interest rates, saying the payout was too small and millions of account holders would continue to be short-changed. The class action settlement was intended to resolve claims that Capital One froze rates at 0.3% on its “high interest” 360 Savings accounts, while quietly offering rates above 4% to new customers on similarly named 360 Performance Savings accounts.
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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.
