[Update $100 Bonus] Comenity Orbitz To Be Discontinued On October 4, 2021

Update 10/11/21: Reader T sent in that in the mailer with the new replacement card there’s an offer to get $100 with $500 spend by January 5, 2022. They also note that the new card gets 3% cash back on travel and gas.

Original Post:

Comenity has sent out letters to existing Comenity Orbitz cardholders informing them that partnership is ending October 4, 2021 and their Orbitz cards will be replaced with a Comenity Mastercard account with Comenity Bank. The important dates are as follows:

  • You can continue using existing card until October 3, 2021
  • Existing balances will be automatically transferred to the new card.
  • Remaining Orbucks on your account as of October 3, 2021 will be transferred to your Orbitz account.
  • Orbitz Platinum status will be valid through March 2023
  • You can start using the new Comenity Mastercard starting October 5, 2021

Source: doctorofcredit.com

[Repost] How long does it take Chase Bank to clear an old card out of their system? (A Few Days)

Downgrading Sapphire

Chase has a rule that you can only hold one Sapphire product at a time. What happens when you close out (or product change out) a Sapphire card – how long do you have to wait until you can apply for a new card?

For example, suppose you received a bonus on the Sapphire Preferred on June 1, 2015. You’ve now crossed the 48 month mark, and are eligible for a new Sapphire bonus. You close the card, or you product change it to become a Freedom. Can you immediately apply for the new Sapphire card?

This has probably been discussed, though I don’t recall off-hand any clear guidance on this. I set to test this out myself.

My Experience

I recently decided to upgrade my plain Sapphire card to become a Sapphire Reserve card to take advantage of the new 1.5 cent cashout option with that card. While calling in, I checked my credit card spreadsheet and noticed that it’s actually been over 4 years since I got any Sapphire bonus. I quickly changed my plan, opting instead to product change the Sapphire card to become another Freedom card, and to subsequently apply for a fresh Sapphire Reserve card, thus netting the extra 50,000 points bonus. (Yep, I’m under 5/24.)

Initially, I planned to wait a few days after product changing before applying. While the card immediately showed up as ‘Freedom’ in my Ultimate Rewards account, it wasn’t yet showing that way in my Chase account, and I wanted to give the Chase system a chance to clear me out. But I decided to put on my blogger hat and test out an application the same day as the downgrade.

No luck. The system instantly denied me, without so much as a hard pull. The next day Chase sent me a letter explaining they could not approve me since, “You already have a Sapphire-branded card account with us”.

To keep up the experiment, I applied again the very next day again. Exact same result – same denial and same letter.

The third day, bolstered by the fact that the new Freedom card already displayed ‘Freedom’ in the Chase login too, I tried another application. Three strikes.

Interestingly, the third time they did hard pull me, and they sent me a new love letter, explained they denied me due to, “Too many requests for credit or opened accounts with us”. Given the hard pull and the altered denial reply, I decided to call in and see if reconsideration could do anything. No such luck: I spoke to the front-line rep and a supervisor, and both insisted there was simply no way for them to manually do anything more than the automated system would allow.

They did mention a 30-day timeframe, explaining that since a card can be reopened for 30 days, the system would not clear me out as a Sapphire cardholder for that length of time. They weren’t entirely sure that 30 days was a hard rule, suggesting it might be more or less than that as well. They suggested I try again at some future date. Ugh, I’d been hoping to get in on the final month of 5x groceries with Sapphire Reserve.

A data point from a reader suggests you don’t need to wait 30 days after a downgrade, and can apply much sooner (their data point was around 10 days after the downgrade). I also had success in less than 30 days, as noted in this follow-up post. Perhaps you can apply once the card shows up in your Chase account as having been product changed, which was – in my case – a day or two after the product change.

Conclusion

Applying within the first few days might not work since it takes time to clear your Sapphire standing out of the system. My guess is three business days is safe. Subsequent data points suggests that even two business days are enough (1, 2).

Presumably, closing a card would yield similar results to product changing, and you’ll have to wait a couple of days before applying again. Others have suggested that for account closures, you do, in fact, need to wait 30 days for it clear out of Chase’s system.

Branch Applications

While you should be able to apply online a few days after product-changing, branch applications have mixed reports. Some reports suggest that for in-branch applications you’ll have to wait until after statement close until the Chase system will recognize you as eligible. (Reader Kurt suggests that the banker can “create a new profile” for you and that will cause the offer to be visible in branch more quickly.) However, others had success in branch after a number of days, even without statement close.

Related:

Source: doctorofcredit.com

Bank of America Near Me: Find A Location and ATMs

October 5, 2021 Posted By: growth-rapidly Tag: Banking

Bank of America is one of the largest banks in the U.S. Currently, there are over 4,400 branches and approximately 17000 ATMs all over the country. So, it is very easy to find one in your local area.

Bank of America offers a wide range of banking services including checking and savings accounts, credit cards, mortgage loans auto loans, business loans and much more. Find out how to locate a local branch and ATM, reach customer service and the bank’s hours of operation.

Bank of America Near Me

Are you looking to know where you can find the closest Bank of America near you? If so, you have come to the right place. Here is how to find the branches, locations and ATMs of Bank of America in your area right now.

Bank of America Locations Near Me

To find a Bank of America branch near you, you either use the Google map below.

Or go to locators.bankofamerica.com . There you can enter your address or zip code to find the closest local branches/financial centers.

Bank of America Branch Near Me

Once you have searched a Bank of America location near you using the two options mentioned above, you will be able to see where a branch is nearby where you are.

Bank of America ATM Near Me

Using the same process, you can find your closest ATMs by simply going to bankofamerica.com. And click on “Find your closest ATM or financial center.” They have 24-hour ATMs as well as Drive-up ATMs.

The bank ATM locator app is available to download on your cell phone PC.

About Bank of America

Bank of America is considered one the largest banks in the United States.

Bank of America offers products such as checking accounts, savings accounts, credit cards, money market and certificate of deposits.

It also offers auto loans home loans, as well as commercial banking and financing to small, medium and large businesses.

Here are some key information regarding hours of operation and customer service.

Customer service:

To reach customer support at Bank of America, you will need to dial the specific number associated with the specific issues you’re calling about. Note, your card or account number will be required.

  • ATMs: 844-401-8500
  • Auto Loans: 844-892-6002 for new customers and 800-215-6195 for existing customers
  • CD & IRAs: 888-827-1812
  • Checking & Savings: 800-431-1000 for general account information – report a lost or stolen ATM or debit card and to open an account.
  • Credit Cards: 800-732-9194 for credit card customer service (including lost or stolen card)
  • Mobile Banking: 800-432-1000 for mobile banking support.
  • Online Banking & Bill Pay: 800-432-1000 for online baking support.
  • Small business banking: 888-287-4637 for general servicing and support. 

For other specific issues, visit: www.bankofamerica.com/customer-service/contact-us/

Hours of operation: The hours of operation vary depending on where you live. You can view the hours of operation by branch office through the bank website by using the locator.

Alternatively, you can reach representatives at these hours:

  1. Monday through Friday at 8 am to 11pm EST;
  2. Saturday and Sunday at 8 am to 8pm EST.

20 Questions to Know If You’re Ready for Retirement

Finding the right financial advisor that fits your needs doesn’t have to be difficult. SmartAsset’s free tool matches you with fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is leally bound to act in your best interests. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.

Source: growthrapidly.com

Free 3 Years Of Shipt Membership For Visa Infinite Cardholders ($297 Value; Includes Sapphire Reserve)

Visa announced a new partnership with Shipt as a benefit on their consumer cards.

Press Release | Enroll Here

  • Visa Infinite Cards get three years of free Shipt membership (normally $99 per year), with free delivery on orders $35+.
  • Visa Signature Cards get three months of free Shipt membership, then nine months of membership at 50% off, with free delivery on orders $35+.
  • All other Visa U.S. Consumer Credit Cards get one month of free Shipt membership, then three months of membership at 50% off, with free delivery on orders $35+.1
  • Certain Offer Terms apply, visit shipt.com/offer-terms-for-visa to learn more.

This is an excellent new freebie for Visa Infinite cardholders which include cards such as the Chase Sapphire Reserve that many of us have. I’ve always eyed the Shipt option on Target.com for quicker delivery, but never used it before. Other stores offer Shipt delivery as well, including: select Costco locations, CVS, Petco, H-E-B, Meijer, Bed Bath & Beyond, Petco.

Readers note that prices via Shipt are higher and that you need to tip as well. Also, be sure to set yourself a reminder to cancel before the 3 years are up, else you’ll be automatically charged.

The Fine Print

  • Offer valid from 9/17/2021 through 12/31/2024 (“Term”).
  • Cardholders enrolling during the Term with a qualifying Visa Infinite card (“Card”) receive a free Shipt membership for up to three (3) years from enrollment date and no less than twelve (12) months if you enroll by 12/31/2024, which (i) includes waived delivery fees on orders over $35 (“Offer”) and (ii) is only redeemable through Shipt web application at shipt.com or the Shipt mobile app.
  • Your membership will begin on the date that you enroll your eligible Visa consumer credit card to your Shipt account.
  • Existing Shipt members that enroll in the Offer start their free membership at the expiration of their current paid membership. Cancellation of an existing Shipt membership will result in Offer ineligibility.
  • Enrolled cardholders must use the Card as the default payment method to redeem, have Offer remain effective, and have Offer apply, or may be subject to additional fees.
  • Eligibility for Offer is limited to one per person per Shipt account, and per eligible Visa card. Payment through third-party payment accounts, or online or mobile digital wallets (like Apple Pay and Google Pay), or memberships purchased through third parties are excluded from this offer.
  • Once enrolled in the Offer, cardholders are subject to the Shipt Terms of Service, Privacy Policy (https://www.shipt.com/terms-of-service/), and Shipt Promotion Terms and Conditions (https://www.shipt.com/promotional-credit-terms/).
  • You can cancel your membership at any time at shipt.com. Unless you cancel your Shipt membership prior to the expiration of your free period, your Shipt annual membership will auto-renew for a new subscription at then current membership rates.
  • Orders with alcohol may incur a $7 alcohol delivery fee. Charges for items purchased, taxes, tips, and retailer-charged fees (such as, where applicable, bag fees) and additional fees may still apply. Offer valid only where Shipt service is available.

Source: doctorofcredit.com

Has Chime Closed Your Account? Here’s What To Do

Bank account issues are never fun, especially when you count on the money stored inside of them. 

For a small percentage of Chime account holders, a recent issue affected access. This has caused some serious frustration from formerly satisfied customers!

Luckily, if you’re one of those account holders, there’s a quick way to resolve the problem.

Keep reading to find out what you can do if you can’t log into your Chime account.

What’s Ahead:

Whose accounts were closed?

Has Chime Canceled Your Account? Here’s What To Do - Who's accounts were closed?

The recent round of account closures affected only a small percentage of accounts. So, if you have money with Chime, chances are, everything is fine.

Account holders whose accounts were to be affected were notified by email prior to the closure, but you could have missed that message.

If it’s an account you don’t check often, like a savings account, you might want to give logging in a try to make sure that your account is in good standing.

Why did Chime close accounts?

Whether your account was affected or not, you may wonder why accounts were closed in the first place.

Many of the closures were due to suspected fraudulent activity. When this happens, it is the standard operating procedure for most lenders to cancel accounts, but due to government relief payments, it has happened in larger numbers recently.

“The past year has seen an extraordinary surge in activity by those seeking to illicitly obtain pandemic-related government funds and defraud US taxpayers,” Chime said in an official statement. “By some credible estimates, $400 billion worth of unemployment fraud alone may have transpired. We are proud of Chime’s robust anti-fraud efforts, which have returned hundreds of millions of dollars to state and federal agencies during the pandemic. While it’s important for us to fight fraud, our top focus will always be to take care of our members.”

That said, Chime admits in their official statement that some closures happened in error; they have apologized and “made efforts to make things right with these members.” 

How Chime’s fraud protection works

When a neobank like Chime detects fraud, it’s required to report the activity to federal authorities. 

This is only one in a series of steps Chime takes, which includes:

  • Searching for evidence of fraud once suspicious activity is detected.
  • If fraud is found, Chime closes the account and the fraudulently deposited funds are returned to the government.
  • If no conclusive evidence can be found, the account may still be terminated, but the funds in the account will go back to the account holder.
  • If the investigation finds that the account activity was legitimate, the account will be unfrozen.

Chances are, your account still may fall in the final two of those four scenarios. But, as you can see, the investigation could take a little time, which explains any delay you might be experiencing.

How to handle a closed account

If you’ve established you can’t access your Chime account, reach out to Chime’s customer support team.

Before you do, make sure you have information on any recent transactions that you have made, including ones that may look suspicious.

Chime representatives may also ask you to prove your residency by scanning a utility bill or other verifying document.

To get in touch with Chime support, use one of the following methods of contact:

Chime’s member services department is open Monday through Sunday, from 3 am to 11 pm CST.

Getting your funds

If your account was closed, you might not have access to your funds right away. This is merely a security measure while they review everything and make sure the account is completely clear of fraudulent activity.

What should you do in the meantime?

In the meantime, you’ll want to contact creditors and make other arrangements to pay your bills.

Ideally, one phone call or message will straighten things out, but as with any banking solution, if Chime needs some time to look into matters, there might be a delay in getting access to your money.

Preventing future Chime account closures

Has Chime Canceled Your Account? Here’s What To Do - How to prevent future Chime account closures

No matter where you bank, there are things you can do to reduce your risk of future closures. Here are some tips that can help.

1. Respond to notices immediately

If you ever receive an email stating that your account will soon be closed, take action immediately.

Whether it’s a traditional lender or a neobank, it can save everyone time if you straighten things out before official action has been taken.

2. Set up notifications

Second, it’s important to keep a close watch on your account. If you see suspicious activity, get in touch with Chime immediately.

Go to “Settings” and then “Notifications” to make sure you’re set up to get alerts whenever there’s a transaction on your debit card.

3. Keep your business separate

Chime is pretty clear that it’s designed solely for personal use. In fact, in the Deposit Account Agreement, Chime specifically states:

“The Spending Account is not designed for business use, and we may close the Spending Account if we determine it is being used for business purposes.”

Yes, even if you’re a freelancer, those business transactions can cause your account to be shut down.

4. Check your contact information

Most banks will get in touch with consumers about account issues and they’ll use the contact information you’ve provided. If your email address or phone number changes, make sure you update your account profile.

Also, make a point to check your email and spam folders on a regular basis.

5. Have a backup

No matter where you park your money, it’s important to have a backup option. Whether it’s a credit card or a secondary bank account, at least you’ll be able to continue to pay bills and make purchases if you ever have a banking issue that needs to be straightened out.

There are plenty of fee-free online checking options to consider as a second account.

Neobanks and fraud risk

Chime is one of many platforms known as a neobank. The platform itself is not a bank. In fact, Chime partners with Stride Bank, N.A. and The Bancorp Bank, both of which are FDIC insured.

Unlike local banks, neobanks operate solely online, which means there’s never the in-person element that brick-and-mortar branches have.

As such, neobanks can be prime targets for fraudsters. Blocking access to accounts is Chime’s way of protecting both you and its banking partners against someone coming in and wiping out your account.

If you do all your banking online, make sure you know how to contact customer service if there’s an issue. And keep a copy of your account number in case you ever have issues and can’t get in through the app or website.

Summary

The Chime account closures have mostly been a security measure affecting a small percentage of customers. Those who were affected should reach out to customer service immediately to straighten things out.

Even if there’s a delay in getting funds, you’ll once again have access once your account is reinstated.

Read more:

Source: moneyunder30.com