(Points Posted)[Expired] [Targeted] Barclays: Spending Bonuses – Earn Up To 60,000 Points/Miles Or $600 Statement Credit

(Update 3/4/21: Points and statement credits posted today.)

Deal has ended, view more Barclays deals by clicking here.

The Offer

Targeted offer, sent out via e-mail. Subject line is ‘Double Bonus Opportunity – Earn up….’

  • Barclays has just sent out some targeted spending bonuses offering the following:
    • Earn 10x miles for every $1 spent from November 10, 2020 – January 31, 2021
    • Plus earn an additional 50,000 miles when you spend a total of $3,000 from November 10, 2020 – January 31, 2021

The Fine Print

  • This offer is valid for select cardmembers and is not transferable
  • . If your account is closed or you switch to another product during the promotional period, you may no longer be eligible for this promotion.
  • If you receive this offer you will earn an additional 10% back in Uber Cash for every $1 spent on purchases less credits, returns or adjustments (Net Purchases) with transaction dates from November 10, 2020 to January 31, 2021 up to a maximum of $100 in Uber Cash
  • . If you spend at least $3,000 on Net Purchases with transaction dates from November 10, 2020 through January 31, 2021 you will receive an additional $500 in Uber Cash.
  • The maximum earn for this offer is $600 in Uber Cash.
  • Failure to maintain your creditworthiness during the offer period may result in actions on your account, such as a credit line decrease, that would reduce your ability to take advantage of this offer.
  • To receive the additional Uber Cash, your account must be open, active and in good standing at the time of fulfillment.
  • All Uber Cash earned from this promotion will appear on your statement 6-8 weeks after the end of the promotion.

Our Verdict

Obviously insanely good targeted spending bonuses. Better than some credit card sign up bonuses. Looks like credit card issuers are getting increasingly desperate to increase spend numbers and that can only be a good thing for consumers in the short term.

Source: doctorofcredit.com

What to Do with Your Old Credit Cards

You know that “starter” credit card collecting dust in your wallet? The one with a high interest rate, lackluster benefits, and zero rewards? Now that you’ve upgraded to a better card, you might be tempted to close your old cards and never look back.

Not so fast! Canceling your old credit cards can actually hurt your credit score. Old, unused credit cards can still build credit, but you need to keep them open.

Here’s what to do with your old credit cards.

Keep Them Open

If you keep them open, your old credit cards will positively influence two of the factors that determine your credit score: length of credit history and credit utilization rate.

Length of Credit History

The length of your credit history makes up about 15% of your FICO credit score. Over time, your credit cards and loans contribute to that history. The longer you’ve been managing credit, the better.

If you start closing accounts, they’ll no longer build up your credit history, which is especially valuable when you’re new to credit.

Credit Utilization Rate

Your credit utilization rate makes up roughly 30% of your FICO credit score. Simply put, it’s the amount of your available credit that is tied up in debt. For example, if you have two credit cards with a combined credit limit of $10,000, and your combined statement balance for those cards is $2,000, then your credit utilization rate is 20% (2,000/10,000 = .20).

If you close an old credit card, you’re automatically lowering your credit ceiling. Any balances you carry on other cards will take up a greater percentage of your available credit and raise your credit utilization rate.

A good rule of thumb is to use less than 30% of your available credit.

Get Rid of Interest and Fees

Keeping old credit cards open can help you build credit, but you won’t want to pay for the privilege of doing so.

First, stop making new purchases on your old card. Second, pay down the balance to $0 as quickly as possible. This way, you can avoid accruing interest on recent charges and you’ll have one less payment to keep track of.

You may be tempted to close your card if there’s an annual fee. Before you do, contact your credit card provider and see if they’ll waive the fee in exchange for keeping your account open. Or, try to downgrade your card to a free option with the same credit limit.

Keep Them Secure

Once decide to stop using your card, you should keep it out of the hands of thieves. Even though federal law limits your liability for unauthorized charges to $50 (many credit card companies extend that to $0), you don’t want a thief running wild on your credit card.

Keep your card in a secure place. You don’t need to carry it around in your wallet, but it should be accessible in case of emergency.

You may also want to scrub your old credit card from the internet. If shopping websites or other companies have your old card number on file, consider updating your information. You can replace it with your new card number or even switch to virtual card numbers for greater security.

Even after you take these precautions, your card could still be vulnerable. Read your monthly statements or periodically check your account to make sure your card hasn’t been compromised.

Is There a Valid Reason to Close Your Credit Card?

There are many valid reasons to close an old credit card, even considering the implications for your credit score.

If you are having financial problems and you can’t manage your debts responsibly, you may need to take a break from credit cards altogether. If the credit card company won’t cancel your annual fee, the benefits might not be worth the expense. And if your credit is strong enough to take the hit, you may want to cancel for simplicity’s sake.

Just remember to consider the effect that closing an old credit card will have on your credit.

If you’re concerned about your credit, you can check your three credit reports for free once a year. To track your credit more regularly, Credit.com’s free Credit Report Card is an easy-to-understand breakdown of your credit report information that uses letter grades—plus you get a free credit score updated every 14 days.

You can also carry on the conversation on our social media platforms. Like and follow us on Facebook and leave us a tweet on Twitter.

Image: iStock

Source: credit.com

U.S. Bank/Fidelity Cards: Get Extra 2% Back at Home Improvement and Lawn & Garden Stores (Max $25 Back)

The Offer

  • Enroll your U.S. Bank or Fidelity credit card to earn a 2% statement credit on purchases at Home Improvement and Lawn & Garden stores through April 30, 2021. Max $25 statement credit.

The Fine Print

  • Must enroll by March 31, 2021.
  • You can earn a 2% statement credit per dollar spent, up to $25, on net purchases at Home Improvement Stores, Hardware Stores and Garden Centers.
  • The statement credit will be applied to your account within 2-3 billing cycles after the end of the promotion period. Net purchases are purchases minus credits and returns. Your account must remain open, have available credit, and be current (no minimum payment past due) to qualify.
  • This offer is valid for in-store and online transactions in the Home Improvement Store, Hardware Store and Garden Center categories and will qualify based on how merchants classify the transaction.
  • As U.S. Bank cannot control how merchants choose to classify transactions, U.S. Bank cannot guarantee a transaction will qualify. Only purchases for services made directly with the merchant apply to the promotion. This offer may not apply if your credit card has changed to a different type of card within the last 12 weeks or changes before the statement credit is applied. If you have any questions, call Cardmember Service at 844.357.2015‍.

Our Verdict

Lots of readers reported this on their Fidelity card, and readers mention getting it on the Cash+ and Altitude Reserve  cards as well; might not be available on all U.S. Bank and Fidelity cards, so check your email to find the offer and enroll. Nice little bonus for purchases you might be making anyway.

Source: doctorofcredit.com

[Confirmed] U.S. Bank Altitude Reserve: $325 Credit Works on Dining Purchases (Permanent Change); $0 Authorized User Fee

Update 3/2/21: Reader Kachun notes U.S. Bank has now changed the language to reflect these changes. “$400 annual fee, $75 annually per additional card issued” now only says “$400 annual fee”; and “…through 6/30/21, takeout, food delivery, and dining purchases are also eligible…” now shows “Get reimbursed annually for eligible travel purchases and takeout, food delivery and dining purchases.”

Original Post:

An insider tells us that U.S. Bank will soon be notifying cardholders about two positive changes on the Altitude Reserve card:

Both welcome additions. See our full review on the Altitude Reserve card here.

Source: doctorofcredit.com

Increased American Express Delta Offers (Up To 90,000 Miles)

The Offers

  • American Express is offering increased offers on the Delta cobranded cards.
  • Personal offers:
  • Business offers:

Our Verdict

Better than the previous increased offers we’ve seen on these cards before. Although Delta keeps devaluing rewards miles, so relatively speaking it’s difficult to say if that’s actually the case or not. Still worth considering some of these offers if you plan to travel after vaccination and can use them in the medium term. We will be adding these to our best credit card bonus page.

Source: doctorofcredit.com

6 Signs Your Small Business Needs to Upgrade to a Business Credit Card

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Source: credit.com