Marcus By Goldman Sachs Announces Three New GM Cards, Transition For Existing Cardholder

In late 2020 it was announced that Goldman Sachs had outbid Barclays for the GM portfolio of credit cards. It was reported Goldman Sachs purchased the portfolio from Capital One for $2.5 billion. Marcus By Goldman Sachs has now launched three new GM cards and provided information for existing users.

Existing Cardholders

  • Marcus by Goldman Sachs will begin servicing GM your account on February 22
  • You can use your old card until your new one arrives. Cards will begin arriving beginning February 22 and card deliveries will be happening through the first week of April.
  • You’ll keep the value of your unused Earnings even after the transition.
  • You’ll manage your account at marcus.com after the transition.

New Cards

Marcus by Goldman Sachs are offering three cards:

  • My GM Rewards Card.
    • No annual fee
    • 10,000 points after $1,000 in your first 3 months
    • Card earns:
      • 7x points on GM purchases
      • 4x points on all other purchases
  • GM Business Card (accepts applications 2/18/22)
    • Get $250 to redeem at GM towards the purchase or lease of eligible new GM vehicles after you spend $2,500 on purchases in your first 3 months from account opening
    • No annual fee
    • Card earns:
      • 5% back on dealership parts or service
      • 3% back on Gas, restaurants office supply stores
      • 1% everywhere else
  • GM Extended Family (accepts applications 2/18/22)
    • No annual fee
    • $100 after $1,000 in your first 3 months
    • Earn 1% back on everyday purchases from gas and groceries to travel and tickets

Source: doctorofcredit.com

Chase United Business 150,000 Miles Offer ($20,000 Spend)

Update 1/13/22: Offer is back. Hat tip to reader cxr

The Offer

Direct link to offer

  • Chase is offering up to 150,000 miles on the United Business card. Bonus is broken down as follows:
    • 75,000 miles after $5,000 in purchases within the first three months
    • An additional 75,000 miles after $20,000 in total spend within the first six months

Card Details

  • Annual fee of $99 not waived first year
  • $100 annual United travel after 7 United flight purchases over $100
  • 25% back on United inflight purchases
  • Card earns at the following rates:
    • Earn 2 miles per $1 spent on purchases at restaurants, gas stations, and office supply stores.
    • Earn 2 miles per $1 spent on local transit and commuting, including taxicabs, mass transit, tolls, and ride share services
    • Earn 2 miles per $1 spent on tickets purchased from United.
    • Earn 1 mile per $1 spent on all other purchases.
  • 5,000 bonus miles each card anniversary when you have both the United Business card and a personal United credit card
  • Last seat availability
  • Miles don’t expire
  • Free checked bag when you pay with card (for 2 people)
  • Priority boarding
  • 2 Club passes per year
  • No FX fees
  • 5/24 rule applies to this card

Our Verdict

We’ve seen two bonuses on this card since it launched:

This is basically the same as the previous 75k offer but with the option of earning an additional 75k miles as well and the AF not waived. If you can hit the $20,000 spend requirement and have a use of the United miles then this is a great offer and we will add it to the best credit card bonuses. As always read these things everybody should know about Chase cards before applying.

Source: doctorofcredit.com

[Update] United TravelBank Is Back

Update 1/14/22: From reader Kyle: For those experiencing issues with payment not going through, add the card to your united account as a payment method and then use the saved payment card to pay for the travel bank purchase. That work around is working at the moment.

Update 1/8/22: Travel credits now posting as well.

The United Airlines TravelBank feature was down for a few days, but has now returned.

United TravelBank link

Lots of people like using their AmEx incidental airline credit to load their United TravelBank account with funds which can be used for the next 5 years. Anecdotally, these purchases have worked to trigger the airline credit; hopefully that lasts.

Just be sure to select United as your Amex airline option first. Also be sure not to leave the TravelBank account dormant for more than 18 months. (Update: some speculate that the 18-month dormancy does not apply to the newer TravelBank loads. Regardless, if you load your TravelBank once every 18 months, or you use up some of your TravelBank balance within the 18 months, that resets your 18-month clock.)

Hat tip to FM and to reader Mike

Source: doctorofcredit.com

Check Your Chase Cards For Spend Bonuses (1/15-3/31)

The Offer

Chase Bonus checker link

  • Chase is offering various cardholders spend bonuses from January 15 through March 31. Sample offers:
    • Get 5x points per $1 on up to $1,500 in purchases at Grocery Stores, Restaurants, and Amazon.com
    • Get $50 cash back when you make 15 purchases each month from January through March 2022 with your Card. (Each purchase must be at least $2 to qualify.)
    • Some people are getting 5x back on Groceries on their Freedom card on $200 spend. That stacks nicely with the 5x Q1 2022 Grocery category and also – if you’re new – the 5x Grocery cardmember signup bonus for a whopping 13x.

Our Verdict

We’re seeing reports of offers on Freedom-line cards, as well as Southwest, Hyatt, and Disney cards. Worth checking all your Chase cards since there are likely other cards seeing offers.

Hat tip to ITS_A FIRE sale and mikep4

Source: doctorofcredit.com

[Repost] New American Business Platinum Annual Fee Won’t Go Into Effect Until 1/13/22 For Renewals

(Update 1/12/22: Just a reminder that the annual fee increase on the business Platinum card goes into effect tomorrow. You can still apply now with the $595 fee.)

American Express has increased the annual fee to $695 for Business Platinum cardholders and added new benefits. New cardholders have until 1/13/22 to apply and get the old annual fee of $595 for the first year but we didn’t know what would happen to existing cardholders.

American Express has now sent out e-mails to existing cardholders advertising the new benefits and it also states ‘Starting at your next renewal on or after January 13, 2022, the annual fee for your enhanced Business Platinum Card will increase from $595 to $695’. Meaning if your renewal is before January 13, 2022 you’ll pay the $595 annual fee.

In my experience when American Express increases the annual fees like this they are extremely generous with retention offers to keep cardholders. So remember to call the retention department to get a deal for keeping your card.

Source: doctorofcredit.com

[Now Live] New Chase United Club Infinite Benefits (10% Award Discount, $75 IHG Statement Credit & More)

Update 1/10/22: 2022 benefits (e.g Platinum Elite IHG Status & $75 statement credit are now live)

According to Chase insider EosHuffer Chase is adding new benefits to the Chase United Club Infinite.

  • Starting now:
    • 10% discount on Economy & Saver awards within continental US and CAN
    • MileagePlus Premier upgrades for one companion on same reservation award tickets when possible
  • Starting 2022:
    • Free Platinum Elite IHG status
    • $75 statement credit for IHG purchases charged from January 1 – December 31 (2022 only)

I don’t see the starting now benefits officially listed yet, but I assume that will happen soon. The IHG benefits are somewhat surprising given the strong partnership between United & Marriott.

Source: doctorofcredit.com