It was quite a week in the world of miles and points. Many issuers revamped their credit cards in order to adjust their offerings in a market that’s very different from a few months ago. Amex hit the ball out of the park, offering up to $400 in credits. Here’s a quick recap of the news we covered this week.
Amex revamps their card portfolio: Up to $400 in credits, spend bonuses, new benefits
Amex hit it out of the park by quickly adjusting their card portfolio to market conditions and customer preferences. This post details all the changes. This includes new statement credits, card benefits and higher spend bonuses to earn more points in categories like groceries and dining/takeout.
As banks bleed cash, will welcome bonuses be cut next?
This post showcases earnings call data from banks in order to look at the changes they’re looking to make. By most estimates, Q2 will be slower than Q1. However, how will this affect welcome bonuses and card approvals?
Will these enhanced cleaning standards bring you back to a hotel?
Airlines and hotels are putting in new measures to ensure customer health and safety. As hotels institute new cleaning and hygiene procedures, will they go far enough in order to entice customers back?
After getting a bailout, United devalues MileagePlus again!
In a previous post, I wrote about how the latest bailouts are going to reignite a vital political debate. If November 2019, United removed award charts for its own flights. Now, without notice, United reduced elite status earning ability on partner flights and also removed their partner award chart. Talk about bad timing!
My latest Amex retention offer call
I’ve written previously how you should never hesitate to ask and call your bank’s retention department. They may be willing to offer you credits or extra points to keep your business. In the same vein, I called Amex as my Delta card was up for renewal.
Chase card approvals likely to get a lot tougher
Many data points highlight the fact that Chase may be tightening the screws for card approvals. This doesn’t come as a surprise and may stick around as banks seek to minimize risk in a turbulent market.
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This card is currently offering a 30,000 points welcome bonus and a 0% Intro APR for the first 12 months. (Open in private/incognito browsing if the offer doesn’t show up immediately)
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