Credit Cards Archives - Hanover Mortgages

January 16, 2022

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

January 16, 2022

[WA, ID, OR] Gesa Credit Union Cash Rewards Card With $300 Signup Bonus

Gesa Credit Union has their Cash Rewards credit card which has no annual fee and offers 1.5% cashback on all purchases. It also offers a signup bonus of $300 when spending $3,000 within 90 days.

Direct Link to offer | Find application link here

Also comes with a 0% intro APR offer for 15 months on purchases and balance transfers and with Visa Signature benefits.

Residents of Washington and select counties in Idaho and Oregon can join Gesa credit union and apply for this card. Gesa has offered bank bonuses in the past as well.

Hat tip to reader Raj

Source: doctorofcredit.com

January 15, 2022

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

January 15, 2022

Chase Ink Premier Business Card Comes With 10% PYB Redemption Bonus

The new Chase Ink Premier business card comes with a Pay-Yourself-Back redemption bonus of 10%, according to Reddit user Agile–Travel. Currently, the Pay Yourself Back categories are internet, cable and phone purchases, through March 31, 2022.

The new card earns a flat 2% cashback on all purchases, and 2.5% on purchases above $5,000. Earnings are basically standard cashback and don’t have the increased value associated with the Chase Ultimate Rewards ecosystem. So it’s nice to see that this card is part of the Pay Yourself Back program which means that the earnings rate can potentially be spruced up to 2.20% on all purchases or 2.75% on purchases $5,000+.

The current categories aren’t especially interesting given that these utility charges typically can earn 5x flexible Ultimate Rewards points on other versions of the Chase INK business card, and you’d be giving up a chunk of rewards to get the PYB bonus. Still work it (if my quick math is accurate), but it’s not nearly a full 10% bonus after factoring in the lower rewards.

However, I do find this interesting to keep an eye out to the future – if there are other categories on PYB for the INK Premier card it could start making the card a little more interesting if the earning rates creep up to the 2.20% – 2.75% area. Also, the $1,000 signup bonus could then have the potential of being worth more like $1,100. As we noted in the original post, the main downside of this card is the $195 annual fee.

Source: doctorofcredit.com

January 14, 2022

[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

January 14, 2022

New Chase Freedom Unlimited Signup Bonus – Get Bonus 1.5x Per $1 On Up To $20,000 (3x Ultimate Rewards Everywhere)

The Offer

Direct Link to offer

Chase released a new signup bonus on their Freedom Unlimited card:

Get an extra 1.5% back per dollar spent in all categories during the first year, up to $20,000 in spend ($300 bonus cashback).

Card Details

No annual fee
Card earns 1.5% cash back (really 1.5x Chase UR points) per $1 spent on all purchases
0% Introductory APR for 15 months on purchases and balance transfers (5% balance transfer fee)
Full review here

Our Verdict

This is an interesting offer. While advertised as an extra 1.5% back, it’s actually 1.5x Ultimate Rewards back. Let’s say you value those points at 1.5 cents per point, this would actually be an extra 2.25% back on all purchases (4.5% back on all purchases). And the “$300” max would actually be $450 max – a good deal for a no-fee card. And this offer can be maximized either with unbonused spend, e.g. paying taxes, or on bonused spend, e.g. to earn 3x + 1.5x on drugstore or dining spend.

The older 5x on Grocery (up to $12,000) during the first year is still around and still showing at referral links, but it might be ending soon so be sure to do that offer soon if it interests you more. There’s also a newer 5x on Gas (up to $6,000) during the first year offer we once mentioned which seems to be gaining more traction now at various links and might end up being the official offer going forward on some of the Freedom cards.

Hat tip to DDG

Source: doctorofcredit.com

January 13, 2022

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

January 13, 2022

[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

January 12, 2022

[Update] Chase Freedom/Freedom Unlimited: $200 Bonus + 5% Back On Groceries (Up To $12k) First Year

Update 1/11/22: Reports from Chase affiliates indicate this offer will end on January 12 at 6pm ET. We’ll have to wait and see if it’s still available via other channels and via referral links after that point. (It times well to sign up now given the 5x Freedom category on Grocery.)

Update 7/1/21: After a six month break, this offer is back. Referrals are showing the offer as well. (This signup bonus times well with the Q3 2021 Grocery 5x category which means you’ll get a total 9x when stacked with the signup bonus offer.)

The Offer

Direct links to offers: Chase Freedom | Chase Freedom Unlimited

Chase is offering an additional bonus on the Chase Freedom and Chase Freedom Unlimited cards. You can currently get the standard $200 sign up bonus after $500 in spend and in additional the card will earn 5% cashback on all grocery store purchases in the first year up to $12,000 in spend

Card Details

Freedom

No annual fee
Card earns 5% cash back in rotating categories each quarter
Card earns 1% cash back on all other purchases

Freedom Unlimited

No annual fee
Card earns 1.5% cash back on all purchases

The Fine Print

Freedom:

5% Back in the grocery store category (excluding Walmart and Target) until the earlier of the end of your first 12 months or first $12,000 spent: You’ll earn 5% Cash Back rewards total for each $1 spent on purchases in the grocery store category (excluding Walmart and Target) made within your first 12 months from account opening, or until you reach $12,000 in grocery store purchases, whichever occurs first (4% additional Cash Back rewards on top of the 1% Cash Back rewards earned on each purchase). The additional 4% Cash Back rewards will appear on your billing statement in a separate line from the base 1% Cash Back rewards.

Freedom Unlimited:

5% Cash Back in the grocery store category (excluding Walmart and Target) until the earlier of the end of your first 12 months or first $12,000 spent: You’ll earn 5% Cash Back rewards total for each $1 spent on purchases in the grocery store category (excluding Walmart and Target) made within your first 12 months from account opening, or until you reach $12,000 in grocery store purchases, whichever occurs first (3.5% additional Cash Back rewards on top of the 1.5% Cash Back rewards earned on each purchase). The additional 3.5% Cash Back rewards will appear on your billing statement in a separate line from the base 1.5% Cash Back rewards.

Post History

Update 1/6/21: The regular links are still around, slated to be with us until January 13, 2021. Some/most referral links are no longer showing the 5% grocery offer, unfortunately; just shows a standard $200 bonus with $500 spend. Some are still reporting seeing the 5% grocery on their referral links.

Update 12/17/20: VFTW reports that the signup offer on the Freedom, Freedom Unlimited, and Freedom Flex cards which offers 5% at Grocery Stores will be ending on January 13, 2021. It’s possible there’ll still be some links available after that date, but it’s a good reminder that this offer is likely to end sometime in the next month or two.

Update 8/17/20: The 5x stacks with the 5x rotating categories for a total of 9x (e.g this quarter is 5x on Whole Foods so these purchases earn 9x). Hat tip to FM

Update 8/9/20: New Chase Freedom Unlimited Signup Bonus Now Available Via Referral Links

Update: Public links added

Our Verdict

Keep in mind while these cards talk about cash back you actually earn Chase Ultimate Rewards points. This means if you have an annual fee card such as Chase Sapphire Preferred, Chase Sapphire Reserve, Chase Ink Plus or Chase Ink Preferred then you can transfer these points to travel partners. You could also use these points for the Chase Pay Yourself back feature to make them worth 1.5¢ each.

As stated at the top the standard bonus on these cards is $200, so the 5% back on grocery stores is just an additional bonus. Unfortunately a lot of readers won’t be eligible for this card/bonus due to the Chase 5/24 rule. I could see this additional 5% on grocery stores being attractive enough for some people to use up a 5/24 slot but that will likely depend on how easy it is for you to spend $12,000 at grocery stores. We will still be adding this to our list of the best credit card bonuses.

Hat tip to reader Steele J

Source: doctorofcredit.com

January 12, 2022

[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