Credit Card Bonuses: Latest News, Blues, and a Tightened Noose

Facebooktwitterrss

 

I’m in Brazil now. Rio → São Luís → Santo Amaro → Rio. The output will be limited for the next 10 days.

Credit card bonuses: the news

Both AMEX SPG cards, personal and business, now have new sign-up bonuses. The Personal card is 75,000 and the Business 100,000 Marriott points after spending $3,000 and $5,000 respectively in 3 months. Basically, that’s like the old AMEX SPG cards with 25,000 and 33,300 SPG points. Not bad, but nothing to write home about.

AMEX Delta Gold and Platinum 60,000 and 70,000-point offers are back too, until September 19. No, you’re not eligible if you’ve been around the block; the standard AMEX once-in-your-lifetime restriction still applies.

The Chase IHG card has a new $50 statement credit and elevated 105,000-point bonus (vs. the old 85,000 offer) after a $3,000 spend and adding an authorized user in 3 months.

Barclays added 10,000 miles to its AAdvantage card offer: 60,000 miles after the first purchase.

My Best credit card pages have been updated

Do you know why my credit card pages are the best in the blogging world? Not because they are aesthetically pleasing (LOL) and not because there are no affiliate links, but because I never try to list EVERY FREAKING SIGN-UP BONUS out there. I have my standards.

I don’t bother with a credit card if it doesn’t bring at least $400 to the table

Which means that a card with a $400 bonus and $95 annual fee is dead to me. Dead, I tells ya!

Although I’m not quite sure that my standards are going to withstand the pressure of these troubling times.

Sigh!

Credit card bonuses: moving to the blues

The final results of my latest app-o-Rama are in and they are the WORST RESULTS in my entire churning “career.”

In the course of the last few weeks I applied for the following cards:

  • American Express Hilton Honors Business 125,000 points
  • American Express Business Platinum 75,000 points $5K/3mths (targeted, no “lifetime” language)
  • First Bank Best Western Business: 48,000 (+32,000 after a crazy spend) points
  • First Bank Best Western Personal: 50,000 + 20,000 points
  • Synchrony Cathay Pacific 35,000 + 30,000 points (targeted)
  • Barclays Wyndham Rewards: 45,000 points
  • Chase Ritz Carlton: 2 free nights plus Gold status

   My preliminary results:

Approved:

  • American Express Hilton Honors Business
  • American Express Business Platinum
  • First Bank Best Western Business
  • First Bank Best Western Personal
  • Synchrony Cathay Pacific with a $300 credit line!

Denied for too many accounts in 24 months:

  • Chase Ritz Carlton
  • Barclays Wyndham Rewards

   Reconsideration Results

  • Barclays Wyndham Rewards: failed after 3 reconsideration calls
  • Synchrony Cathay Pacific: closed after 3 failed attempts to increase the credit line
  • Chase Ritz Carlton: denied after 1 reconsideration attempt

NB. I decided not to push for the Ritz Carlton reconsideration and to focus on getting the new Luxury SPG card when it becomes available.

So I’m getting 4 new cards out of 7. What’s a big deal? Nothing if something like this has ever happened before. There used to be times when I was able to overturn over 90% of my denials. And no, I couldn’t be any more dramatic, thank you very much…

There are reports that even BoA Alaska Business Card’s churning is getting more restrictive. Come on, that’s a 30,000-mile card with an annual fee we’re talking about!

Is this hobby a newbie territory now?

Yes! If you are a newbie, your time is now. I mean, it’s been now for at least the last 8 years, but it’s come to the point when you seriously need to try if you want to start saving megabucks on your travel expenses. Banks want you badly; they don’t want us veterans; they hope to hook you on free travel so you start borrowing from them at 15% interest. Well, take free travel and other benefits and say #thanksbutnothanks to high-interest credit card loans.

All I can tell you is this: do not get distracted by lousy cards with lousy bonuses. Apply for the best offers. The way more and more banks are looking into your 24-month application history is troubling on very many levels. Say “no” to lousy $100-$200-$300 bonuses. You do, however, have my blessing to apply for this magnificent bonus so you can tell your future grandchildren all about it — in every morbid detail.

More News

American Express has come back with a 30% transfer bonus to Virgin Atlantic. I say grab it for incredible savings on Delta, ANA, South African, and New Zealand Airways. I’ve updated 2 of my last-year posts when the previous bonus was in effect.

There is another AMEX transfer bonus – 25% to JetBlue. It’s quite decent, and can give you around 1.4-1.7x in value, but pick the Virgin bonus for long hauls in Business or First.

Forgive me for not-covering NON-NEWS

Since no one is reading only one blog, I don’t cover things that wouldn’t interest me personally. So Citi Prestige is being discontinued… wait, not being discontinued… wait again, perhaps it will, or… wait a minute, it won’t? Seriously, we’ll get there when we get there. All these speculations – they’re not even funny.

AMEX adding “freeze your card?” Consider me among those ignoramuses who don’t give a shit. Discover has been doing it for years, and, seriously, this measure saves money and protects the banks, not you, no matter how hard they spin it! You’re already protected by the “Fair Credit Billing Act,” at least against the direct financial losses.

I equally don’t care (and neither should you) about the presumed public departure of the AMEX Business Platinum 100,000-points offer, for which you need to spend $25K. $25K? Seriously?

This is not a stab at other bloggers who feel like they have to blog several times a day. In my opinion, a blog post should be either substantive or entertaining, or, preferably, both. But you’ve gotta do what you’ve gotta do, right? It’s just that I’m not into covering every bank/travel-related topic in the universe, so there!

Choose your battles wisely, be it a sign-up bonus or reading material.

Facebooktwittergoogle_plusredditpinterestlinkedintumblrmail

30% American Express Transfer Bonus to Virgin Atlantic and Why Go for It: Part 2 – One Unicorn Redemption on South African Airways

  Part 1: 30% American Express Transfer Bonus to Virgin Atlantic and Why Go for It: Amazing Values on Delta Update 8.4.18: I’m updating this post because the 30% American Express transfer bonus is available again. If you have one of the American Express Membership Award cards that allow you to transfer points to airline programs,Continue Reading

PART 5: Marriott Cheap Category Hotels in Spain

  PART 1: Marriott Category 1 and 2 Hotels in the U.S. PART 2: Marriott Category 3 Hotels in the U.S PART 3: Marriott Low Category Hotels in Canada PART 4: Marriott Cheap Category Hotels in Mexico, Costa Rica, Puerto Rico, Jamaica, and the Dominican Republic PART 5: Marriott Cheap Category Hotels in South America Marriott NewContinue Reading

Part 1: Get Delta One Suite to Europe for 39,000 MR Points With the 30% American Express Transfer Bonus to Virgin Atlantic

  8.1.18 This is a major and comprehensive update of my old post from November 2017 due to the new American Express Transfer Bonus. I’ve also added new searches and checked availability for major routes. The 30% American Express transfer bonus to Virgin Atlantic is active until 9.12.18, and it’s one of the best dealsContinue Reading

The Chase Ritz Carlton Card Is DEAD, Sweet Citi Prestige Retention Offer, My Other Credit Card Musings, and How to Lose a Bunch of Your Email Subscribers in One Day

  So the Chase Ritz Carlton Card stopped accepting new applications. Doctor of Credit even tried to bribe his followers to find a working link, but alas, no soup. That’s a huge blow – to everyone who doesn’t care about the upcoming SPG Luxury card (you won’t be eligible for the SPG Luxury card if youContinue Reading

Part 5: Marriott Cheap Category Hotels in South America — Wait Until August 18 or Book Now?

  PART 1: Marriott Category 1 and 2 Hotels in the U.S. PART 2: Marriott Category 3 Hotels in the U.S Part 3: Marriott Low Category Hotels in Canada Part 4: Marriott Cheap Category Hotels in Mexico, Costa Rica, Puerto Rico, Jamaica, and the Dominican Republic Marriott has finally announced the real date for the transition toContinue Reading

New IHG PointBreaks Hotels Are Bookable Until September 30 — Yes, There Are Some Interesting Choices

  IHG PointBreaks are offered in 3 tiers: from 5,000 to 15,000 points per night. The IHG PointBreaks Hotels Direct Link No, there are no gems, and there probably won’t be any gems in any upcoming IHG PointBreaks — ever! So if you keep coming back for gems whining why there are no gems (asContinue Reading

Part 4: Marriott Cheap Category Hotels in Mexico, Costa Rica, Puerto Rico, Jamaica, and the Dominican Republic | Book Now or Wait?

  This it the fourth part of my Marriott Cheap Category Hotels series that covers the most interesting Marriott low category hotels located in located in Mexico, the Caribbeans, and Central America. South America will be covered in the next post. PART 1: Marriott Category 1 and 2 Hotels in the U.S. Book Now or After August 1?Continue Reading

UPDATE: Fly to Europe for 34,000 Delta Miles Roundtrip

  UPDATE: 7/21 I checked the same flights and same dates today, and I now fully concur with asthejoeflies — these Delta bargains might have nothing or little to do with the recent promo. While some routes are slightly more expensive today, other routes are priced even better! Here are the results. New York to Paris was 36,000 milesContinue Reading

Is the New Chase Southwest Priority Card Any Good?

You know I hate keeping people in suspense, so… Nah! The funny (and sad) thing — the Southwest Priority Card could’ve been an excellent product that you’d love to keep for years to come. It could’ve been the card you’d never take out of your wallet. Instead, you’re just getting another dud. OK, maybe “dud”Continue Reading

Copyright © 2018 lazytravelers.net. 2013-2017 All Rights Reserved. 

Follow

Get every new post delivered to your Inbox

Join other followers