The Pros & Cons of Credit Card Transfers

Transferring Credit Card DebtIf you are looking to save money and get out of debt faster, you may be looking into transferring a balance from a higher-interest credit card to one with a lower interest. It is important to note that while transferring a balance can be helpful in helping you, it can also turn a difficult financial situation into a worse one.

When thinking about it, a zero percent balance transfer is enticing. A few months with no interest? Yes, please. However, in some cases, it does more damage than good. Let’s take a look at both, the pros and the cons of a balance transfer.

Pros of a Credit Card Balance Transfer

Transfer Your Balance to a “Better Terms” Credit Card

By “terms”, we are talking about fees, rewards, grace periods, and the perks of the credit card. By transferring your balances from a bunch of cards with high fees and short grace periods to a card that has no fees or low fees and longer grace periods with better perks, you are winning.  You may even be able to get rewards for certain purchases, maximizing your money spent.

Lower Credit Card Interest Rate

If you currently have some high-interest rates on a bunch of credit cards, consolidating that debt into one with a lower interest rate is optimal. It will provide you with less interest accumulated from charges and hopefully, no finance charges. Most low-interest cards come along with a promotional “no interest” period and you may even be able to have the card paid off before that promo period is over.

Consolidation

Consolidating your credit card debt into fewer (or just one) payments rids of the stress and hassle of paying a bunch of different cards every month. The chances of possibly missing a payment go up also, as you have so many to pay. With just one card and payment, you are sure not to accidentally miss your monthly payment.

Cons of a Credit Card Balance Transfer

Balance Transfers Can Be Pricey

Transferring your balance from many credit cards over to one comes with a fee. This fee is called a balance transfer fee. Also, some of these cards that accept consolidation come with a hefty annual fee as well. It is important to factor in all of these fees to see if it is actually worth it to be consolidating your debt. If the interest you paid leaving your balances on the other cards was less than the new interest and fees, then you are in a good spot.

Balance Transfers Can Leave You With a Higher Interest Rate

In the event that you wind up not qualifying for the promotional advertised rate, you may wind up with an even higher rate than you already have. This is where credit comes in! If you have excellent credit, then you have a much better chance of qualifying.

Your Credit Score Can Be Negatively Impacted by a Balance Transfer

When you apply for and decide to open up a new account, this hinders your score. It goes on your credit report as an inquiry, which has a slight impact on your credit score. The bigger hit that you take is within the usage of credit. When you carry a balance of more than 30% of your credit limit, you risk your credit score going down. If the card that you choose to get to transfer all of your balances over to does not have a high enough limit to only be 30% used after all transfers are made, you will most likely feel the impact of a score drop.

Source: creditabsolute.com

American Express Delta Gold – 70,000 Miles + $200 Statement Credit

The Offer

No direct link, shows up when doing a dummy booking

  • American Express is offering a sign up bonus of 70,000 miles after $2,000 in spend within the first three months. You also get a $200 statement credit after your first Delta purchase within three months of account opening

Card Details

  • Annual fee of $99 waived first year
  • Card earns at the following rates:
    • 2x miles per $1 spent on restaurants (including takeout and delivery), groceries and Delta purchases
    • 1x miles per $1 spent on all other purchases
  • $100 Delta Flight Credit when you spend $10,000 in purchases on your Card in a calendar year
  • First Checked Bag Free
  • 20% Back on In-flight Purchases
  • Receive Main Cabin 1 Priority Boarding on Delta flights

Our Verdict

American Express is currently offering increased bonuses on Delta cards. This dummy booking offer is significantly better than that increased offer as it includes the $200 credit. This deal is definitely worth doing if you’re eligible and will be added to the list of the best credit card bonuses.

Source: doctorofcredit.com

JetBlue’s 3 New Credit Cards

[UPDATE: Some offers mentioned below have expired and/or are no longer available on our site. You can view the current offers from our partners in our credit card marketplace. DISCLOSURE: Cards from our partners are mentioned below.]

If you are looking for a credit card to earn miles, then you typically have to pay an annual fee, which isn’t worth it for some infrequent travelers. Among the airline credit cards that do have an annual fee, cardholders are generally only rewarded with 2x points for airline purchases, which is no longer competitive with other cards.

But JetBlue introduced three new credit cards with its partner Barclaycard that turn this equation on its head by offering an entry-level card with no annual fee, and a premium card that offers 6x points for cardholders making JetBlue purchases.

Who is Barclay?

Barclay is a well-known credit card provider that has been in the business of serving their customers for over fifty years. They currently partner with over sixty different companies to offer their cardholders more products and better service.

As a company, they value respect, integrity, service, excellence, and stewardship.

How These Cards Work

Previously, American Express offered a JetBlue credit card with a $40 annual fee. Like most frequent flier credit cards, it offered 2x points for airline purchases, and just 1x elsewhere. And while it did offer a 50% discount on in-flight purchases such as food and beverages, it also had a foreign transaction fee of 2.7% imposed on all charges processed outside of the United States.

But when JetBlue announced last year that it would be partnering with Barclaycard, existing cardholders were offered a new JetBlue MasterCard that increased rewards to 4x on JetBlue purchases, 2x at restaurants and gas stations and 1x elsewhere. This credit card, which is not offered to new applicants, also has an annual fee of $40 but has no foreign transaction fees.

Now, new applicants are being offered a no-fee JetBlue Card and a JetBlue Plus card with a $99 annual fee for cardholders. The no-fee card offers 3 points per $1 spent on JetBlue purchases, 2 points per $1 at restaurants and grocery stores and 1 point per $1 on all other purchases. For a limited time, new cardholders also receive 10,000 bonus points after spending $1,000 on purchases within 90 days of account opening. This JetBlue credit card also has no foreign transaction fees.

For more frequent fliers, the JetBlue Plus World Elite MasterCard features 6x for JetBlue purchases, 2x at restaurant and grocery stores and 1x elsewhere. In addition, cardholders receive a 5,000-point bonus each year on their cardholder anniversary, and a 10% rebate on points redeemed for select JetBlue flights.

Travelers also receive their first bag checked for free for themselves and up to three other companions. Customers can also earn Mosaic elite status in the TrueBlue program after spending $50,000 on their card annually.

The TrueBlue program offers benefits such as waived change and cancellation fees, complimentary alcoholic beverages, two free checked bags and bonus points. New applicants earn 30,000 points after spending $1,000 within 90 days of account opening. There is a $99 annual fee for this credit card but does not carry any foreign transaction fees.

The TrueBlue program also offers badges for customer loyalty, and as cardholders collect these badges, they can be rewarded for activities such as flying. The more loyal a cardholder is, the more badges can be earned. There are currently over 400 different badges you can earn through the TrueBlue program.

The Take 3 Bonus is another perk and means you can earn 5000 bonus points for simply purchasing and flying at least three roundtrip JetBlue flights in just one calendar year. Keep in mind, however, that award flights will not apply to this offered bonus. The Take 3 Bonus can only be earned once per year, and it does not count toward cardholders Mosaic status.

To use your points, sign on to your TrueBlue account that you created for free and it will then provide you with your TrueBlue Points options. You can also look at these options in both dollars and points to compare the overall value you are receiving.

Finally, there is a JetBlue Plus business card that has terms that are similar to the personal version, but it earns 2x at office supply stores instead of grocery stores.

JetBlue Credit Card Cons

While JetBlue credit cards may offer many perks including in-flight discounts and even credits on various vacation packages, it is also important to note the disadvantages you may experience with these cards.

JetBlue has very few alliances which makes the points you can earn with these cards not as flexible as you can find with other airlines that may have more alliances and partnerships with other companies. JetBlue had previously partnered with American Express for over ten years, and when they switched to Barclaycard and Mastercard, they awarded cardholders with some improvements over the old American Express cards which made it easier for the cardholders to make the transition.

JetBlue credit cards also carry a higher than usual APR and there is no introductory APR offer for any type of purchases or balance transfers. The expected APR for any JetBlue card will fall between 13.24% and 21.24%. You may also see an APR of 26.24% depending on the status of your credit.

Getting a JetBlue credit card is really only a good deal if you plan on traveling a lot and you are a dedicated JetBlue customer. If you prefer to fly through a different airline, then you should consider other credit card options elsewhere.  The frequency of how often you use the airline should at least be once a year minimum to really benefit from the JetBlue credit card.

How They Compare to Other Airline Cards

Other airline cards tend to have very similar terms. For example, American Airlines offers the AAdvantage Platinum Select card from Citi; United has its MileagePlus Explorer card from Chase (reviewed here), and Delta has its Gold SkyMiles card from American Express (reviewed here). Each of these three cards offers 2x miles per dollar spent at their respective airlines and 1x miles for all other purchases.

Other common features with the AAdvantage Platinum Select card and the MileagePlus Explorer card include priority boarding, a free checked bag, an annual fee of $95, and no foreign transaction fees.

By offering 6x for airline purchases, the new JetBlue Plus card rewards travelers for their ticket purchases substantially more than most other airline cards. In addition, these Delta and American Airline credit cards offer in-flight discounts of 20% and 25% respectively, while all of the JetBlue cards from Barclaycard increased that discount amount to 50%.

(Full Disclosure: Citibank, as well as American Express & Chase advertise on Credit.com, but that results in no preferential editorial treatment.)

On the other hand, JetBlue still lacks the intercontinental networks of the large legacy carriers, and cardholders will not benefit from being able to redeem their points for flights on carriers that are part of an international airline alliance.

While the legacy carriers have first-class sections on all of their aircrafts, JetBlue only offers an economy-class product on most of its flights, although it does offer its Mint premium-class seats on some transcontinental routes and some Caribbean destinations.

By increasing the rewards and benefits offered by JetBlue credit cards at these price points, JetBlue and Barclaycard are putting pressure on their competitors in a very crowded market.

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The Barclaycard JetBlue Plus and Chase United MileagePlus Explorer Card Comparison

When comparing these two credit cards from big industry leaders, we can see some clear differences. The Barclaycard and the MileagePlus Explorer card both offer an average interest rate, an average annual fee, and a higher redemption value than other similar credit cards. They are also both ideal for earning rewards, including airline rewards.

However, the redemption value on a Barclaycard is 1.8 cents per point on flights, while the United MileagePlus Explorer card only offers a 1 cent redemption per point on flights.

Comparison of the JetBlue Credit Cards

There are three JetBlue credit cards available. These are the JetBlue Credit Card, the JetBlue Plus Credit Card, and the JetBlue Business Credit Card.

The JetBlue Plus Credit Card offers a 10% points dividend to cardholders that choose to redeem their points. Keep in mind though that this perk is not applicable to the credit card that has no annual fee.

Upon signup, and after spending $1,000 on purchases within the first 90 days, you will receive 10,000 points on the no annual fee card, but you will also not be eligible to receive any anniversary points. There is a 0% foreign transaction fee, a 50% in-flight discount on purchases, but you do not get a free checked bag benefit like you would with the other two cards.

The JetBlue Plus Card is the second consumer option and provides the cardholder with a 30,000 points bonus upon sign up after spending $1,000 on purchases within the first 90 days. There is a $99 annual fee on this particular card, but you are also eligible to receive 5,000-anniversary points. You get all the benefits of the previous card in addition to getting the first checked bag for your flight free. You will earn more points on each JetBlue purchase with the Plus card. The Plus gives you six points per each dollar spent, while the previous card only gave three points.

The third JetBlue credit card option is the JetBlue Business Credit Card. This card is very similar to the Plus card in the signup points, annual fee, and other discounts and benefits. The point earnings are also the same as the Plus card with the exception of earning points in grocery stores or restaurants. With the business card you can earn points in restaurants and office supply stores rather than grocery stores.

To obtain any one of these three JetBlue credit card options, you must have excellent credit in order to be approved. If you find that you are a more frequent flier, then the Plus card would benefit you the most, even with the higher annual fee. However, if you don’t find yourself making many purchases, spending less, and not traveling as much, then the no annual fee card would be more suited to your preferences and lifestyle.

Simply put, to begin earning any real rewards for the JetBlue Credit Card, you will have to spend over $500 annually on JetBlue.

Should I Apply for a JetBlue Credit Card?

To determine if it would be in your best interest to apply for a JetBlue credit card, you should first check your credit to make sure it is in excellent standing. Next, you will want to look into the sign-up bonuses that are currently available.

When assessing the sign-up bonus, make sure to read the terms and conditions. How much will you have to spend on purchases in the introductory period before you can see the bonus? Is the bonus enough to help offset the higher annual fee of $99 for the Plus card? How will you be able to use your points?

Consider the points rebate you will see with the card as well. JetBlue offers unlimited perks on this offer which means you can continuously reap the benefits and will not hit a cap like with other providers.

Remember, not all rewards credit cards are created equal, but a good credit score will help you qualify for the best of them. It’s a good idea to check your credit before you fill out any applications. You can do so by viewing your two-free credit scores every 14 days on Credit.com.

It’s also important to read all of the terms and conditions associated with a card you are considering carefully. You’ll want to comparison-shop to find a card that’s right for you. You can check out our recent ranking of the Best Cash-Back Credit Cards in America here.

At publishing time, the JetBlue Plus, AAdvantage Platinum Select card from Citi, the United Mileage PlusExplorer card and the Gold Delta SkyMiles card are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

Image: rypson

Source: credit.com

FNBO Travelite Card To Be Discontinued, Use $100 Travel Credit ASAP

FNBO has sent out a letter to cardholders informing them that the card will be discontinued and product changed into a Complete Rewards VISA card on 4/25/21. This card will have no annual fee and earn 1.5x points. According to this comment it looks like the $100 annual travel credit will no longer be available, I’d recommend using that credit ASAP.

Source: doctorofcredit.com

Is It Worthwhile To Pay For Credit Card Payment Protection?

Many credit card companies urge their consumers to consider buying credit card payment protection.  This type of insurance can put your payments and interest accrual on hold should you become unemployed (for up to 24 months in some cases).  In the event of your death, payment protection can pay off the remainder of your credit card balance.  The question to ask is if it is a wise use of your money.  Consider my parents’ own example.

An Example Of Utilization Of Payment Protection

At the end of 1985, my mom and dad were 36 and 37, respectively.  They had just gotten on their feet again financially because my dad had finally been able to obtain a job after two years of unemployment.  They had $10,000 in credit card debt (mainly because they used credit to help float them through the long stretch of unemployment).  In today’s dollars, that is $20,000 in credit card debt.

Credit Card Payment Protection

Credit Card Payment Protection

They had not taken out individual, private life insurance policies because they thought they couldn’t afford them.  What they did have were two small life insurance policies, one from my dad’s employer that covered him automatically, and one from the credit union that they paid a small amount for monthly.  His total life insurance protection was less than 2 times his annual income, and he was the primary breadwinner.  They also had credit card payment protection on their cards.

Six months later, my dad passed away; he was diagnosed with colon cancer in late January and passed away by early May.  My mom was very grateful for the credit card payment protection as the balances were paid in full upon my father’s death, and she used the little bit of life insurance to pay off their house.

Why Credit Card Payment Protection Is Not A Wise Investment

Based on this experience, one might expect me to endorse credit card payment protection plans, but I do not.   Most plans require that the user pay an amount per hundred dollars owed on the card, usually .89 to .95 per $100.  In today’s dollars, getting payment protection on my parents’ credit card debt of $20,000 would cost them an average of $178 a month in payment protection alone.  To make matters worse, many cards offer a maximum payout amount, ranging from as low as $5,000 up to $25,000.

Most term life insurance policies cost far less than the amount someone $20,000 in credit card debt would pay on payment protection coverage. For example, my husband and I each took out 20 year term life insurance equal to 10x our income when we were 31 and 33 respectively.  My husband’s policy costs us $32 a month, which is far cheaper than the $178 a month required for payment protection to cover $20,000 of credit card debt.  I would love to go back in time and tell my parents to forgo the credit card payment protection and to instead buy term life insurance policies for each of them.

While the credit card debt was wiped out upon my father’s death and the house was paid off, because they were underinsured, my mom only had a small amount of money to live off for the first year after my dad’s death.  She had been a homemaker and an in-home child care provider for the 15 years they were married; she had no college education, and yet she found herself having to enter the workforce.  The term life insurance policy, had they purchased one, would have provided her with enough money to pay off the credit cards and her home and still have money to invest and live off, giving her time to pursue her education so she could have found  a career she enjoyed.

Even if life insurance policies were more costly 25 years ago, it still would have made more sense to buy a term life insurance policy instead of payment protection as it provides much greater security.  Instead of paying for credit card payment protection, calculate how much it would cost you monthly and use that money to invest in a term life insurance policy.  Use the remainder, if you have a remainder, to pay down your debt so you don’t need to worry about payment protection.

Source: biblemoneymatters.com

FNBO Best Western Rewards Premium MasterCard 80,000 Point Bonus

The Offer

Direct link to offer

  • FNBO Best Western Rewards Premium MasterCard is offering a bonus of 80,000 points after $3,000 in spending bonuses.

The Fine Print

  • $89 annual fee, not waived first year
  • 40,000 points when you spend $5,000 every 12 billing cycles
  • Card earns 20 points per $1 spent at Best Western for a limited time (4/30/2021 then 10 points), 2 points on all other purchases
  • Automatic Platinum Elite Status
  • Early Check-In
  • Late Check-Out
  • No Foreign Transaction Fee

Our Verdict

Standard bonus on this card is 50,000 points, so this is an additional 30,000 points. Rewards nights cost 5,000 – 70,000 points. I’d probably have some idea of what I would want to use the points on before signing up for this offer. It’s also issued by FNBO, for more information on their cards read this linked post.

Source: doctorofcredit.com

U.S. Bank Cash+ to Require $25 Minimum Cashout Threshold

U.S. Bank Cash+ will be adding a minimum cashout threshold of $25 on June 1, 2021, as reported by Travelwithgrant. Currently, the threshold is $.01.

Also note that rewards expire 36 months after they were earned, so be sure to earn at least $25 over the course of the 36 months and cash them out before they expire.

On a positive note: they are adding “real-time” redemption with minimum purchase amounts starting at $10. (categories: Airline; Book Stores; Car Rental; Cell Phones; Charity; Clothing Stores; Drug Store; Electronics Stores; Fast Food; Furniture; Grocery Stores and Department Stores; Gyms / Fitness Clubs; Home Improvement; Lodging; Movie Theaters; Other Travel; Sporting Goods; Other Merchants)

Source: doctorofcredit.com

AmEx Gold & Platinum Cards: What’s the Difference?

[UPDATE: Some offers mentioned below have expired and/or are no longer available on our site. You can view the current offers from our partners in our credit card marketplace. DISCLOSURE: Cards from our partners are mentioned below.]

When many people imagine a credit card or charge card, they probably think of one of the traditional cards from American Express that have been around for decades, including the Green, Gold and Platinum cards.

American Express has added more cards to its product line over the years, but it still continues to update its traditional products and offer them to new applicants.

Why Choose Amex?

When people who use American Express were asked why they use this company, the feedback was about the same. While American Express is a prestigious and very common household name, they continue to use Amex because of the many reward opportunities they are presented with and the value and high customer service they receive as cardmembers.

Some have even said that American Express offers one of the best account management websites they have ever seen, and another reported that they are the only credit card company they have found to put their customers first, especially if there is a dispute with a merchant regarding any purchases made on the account.

Thinking about getting an American Express card? Here is what you can expect from its current crop of Gold and Platinum cards.

The American Express® Gold Card offers 3x Membership Reward® points on flights booked directly with airlines or on amextravel.com, and 4x Membership Rewards® points at restaurants worldwide and U.S. supermarkets.

American Express® Gold Card

  • Rose Gold is back. You can now choose between Gold or Rose Gold.
  • Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months.
  • Earn 4X Membership Rewards® Points on Restaurants worldwide, including takeout and delivery, plus, earn 4X points for Uber Eats purchases too.
  • Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
  • $120 Uber Cash: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
  • $120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth’s Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. Enrollment required.
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.

You also have access to a personalized travel service that can assist with making reservations and the Preferred Seating program that helps you secure premium seats for cultural and sporting events, based on availability.

There is a $250 annual fee for this card.

Unlike the Gold card, the American Express Platinum Card, offers one point for each dollar spent, with five times the points for reservations purchased through American Express travel. But otherwise, it comes with far more features and benefits than even the Gold card.

The Platinum Card® from American Express

  • Earn 75,000 Membership Rewards® Points after you spend $5,000 on purchases on your new Card in your first 6 months of Card Membership.
  • Earn 10x points on eligible purchases on your new Card at U.S. Gas Stations and U.S. Supermarkets, on up to $15,000 in combined purchases, during your first 6 months of Card Membership. That’s an additional 9 points on top of the 1 point you earn for these purchases.
  • Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member and Additional Centurion Cards only.
  • Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel. Starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year.
  • 5X Membership Rewards® Points on prepaid hotels booked on amextravel.com.
  • Enjoy complimentary access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits through American Express Travel with an average total value of $550 with Fine Hotels & Resorts® program at over 1,100 properties . Learn More.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. That’s up to $50 in statement credits semi-annually. Enrollment required.
  • $550 annual fee.
  • Terms Apply.

Cardholders enjoy access to several airport lounge programs including the Delta SkyClub, Priority Pass Select network, and American Express Centurion Clubs.

You also receive elite status with Hilton and Starwood hotels, as well as Avis, Hertz, and National car rentals.

There is a $550 annual fee for this card and no foreign transaction fees.

Before Applying

Remember, applying for new credit results in a hard inquiry on your credit report, and credit scores view hard inquiries as a slightly negative bit of credit history.

Before you apply for a credit card that is right for you, it’s a good idea to make sure you can qualify for them. You can view your two free credit scores, updated, every 14 days, to find out where your creditworthiness stands.

Once you determine your current credit standing, you can then begin to weigh the advantages of each Amex credit card.

Which American Express Card Should I Choose?

Before choosing any card, you will first want to determine which ones allow you the chance to earn transferable points, which one allows you to earn points or miles in a program, and which allow you to earn a fixed return. Once you determine these factors, you can then begin to consider the welcome offers, the earning rate, and the benefits you will be able to receive as a valued cardmember with American Express.

Transferable Points

If you are a traveler, then having a credit card that allows transferable points is always a bonus. American Express offers transferable points in the form of their Membership Rewards Points. They also partner with approximately seventeen different airlines and a few hotels, so you can get the most out of your points.

Welcome Offer

Most credit cards offer a generous welcome offer, and American Express is no different. The Platinum Card® from American Express allows its cardholders to earn 75,000 Membership Reward® points after they spend $5,000 on purchases with the new card within the first 6 months of card membership. Also, earn 10x points on eligible purchases on your new Card at U.S. Gas Stations and U.S. Supermarkets, on up to $15,000 in combined purchases, during your first 6 months of Card Membership.

The Platinum Card also offers five times the points for flights and hotels and as mentioned previously, allows its cardmembers access to over 1000 different airline lounges and a $200 airline fee credit. By getting the Platinum Card, you will have the opportunity to take advantage of the welcome offer, higher earning rates, and many other beneficial benefits.

The Platinum Card® from American Express is a good choice if you are a frequent traveler.

The American Express® Gold Card is another card that is commonly utilized by frequent travelers because cardmembers may be able to see a 6% return on their spending and purchases.

Welcome Offer

The welcome offer for the American Express® Gold Card is 60,000 Membership Rewards® points after you have spent $4000 on eligible purchases with your new card within the first 6 months. The earning rate for this Amex Card has also been improved, and cardholders can earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.

The American Express® Gold Card is the ideal card for those who are regular travelers and can take advantage of the available reward membership points and credits.

When choosing any American Express Card, you ultimately want to decide what kind of rewards you would like to earn with a reward program. You can then dissect each individual Amex Card to see which one allows for the most benefits and works out for your own specific spending needs.

You will also want to weigh the amount of the annual fee to see if it will be worth the rewards and other perks you are receiving.

At publishing time, the American Express® Gold Card is offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for these cards. However, this relationship does not result in any preferential editorial treatment.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

More on Credit Cards:

Image: BraunS

Source: credit.com

[Ends Soon] Chase Southwest Personal Cards: 30,000 Points + Companion Pass Through 2/28/22

Reposting 3/9/21 as this offer is set to end tomorrow, March 10th.

The Offer

Direct Link to offer

Chase is offering  the following bonus on the Southwest Plus, Premier, and Priority cards through March 10, 2021:

  • Get 30,000 points + a companion pass which is good through 2/28/22 when you spend $5,000 within the first 3 months.

Card Details

Our Verdict

They offered a similar thing back at the start of 2019 and at the end of last year and just recently some were getting this as a targeted offer. You only need 100,000 points to get the companion pass this year. You might be better off signing up for the personal 80,000 or business 100,000 signup bonuses which are still showing at the time of the writing; that would give you a lot more points and also a companion pass through the end of 2022. The new offer might make sense for some as well. Before apply, check these 26 Things Everybody Should Know About Chase Credit Cards.

Hat tip to reader Chris

Source: doctorofcredit.com