Visa, Mastercard Settlement Receives Preliminary Approval

Details Written by: RJ A judge has given preliminary approval to the revised $38B Visa/Mastercard settlement with merchants. U.S. District Judge Brian Cogan ​in Brooklyn, New York, said the settlement covering more than 12 million merchants was “fair, reasonable, and adequate,” and that he was likely to eventually grant final approval. Also known as interchange fees, swipe…

Wells Fargo Rewards Updates

Details Written by: RJ Wells Fargo has made changes to reward points system: Combing rewards accounts – We will no longer combine Rewards Accounts when You have multiple Credit Cards with the same Rewards currency. Separate Rewards balances will be provided for each of Your Credit Cards. – Effective immediately Gifting rewards – Gifting Rewards…

Chase And Hyatt Reduce Points Transfer Ratio

Details Written by: RJ Chase and Hyatt have reduced the transfer ratio of Ultimate Reward points to Hyatt points specific to the Sapphire Preferred and Ink Preferred: Sapphire Preferred and Ink Business Preferred cardmembers’ Ultimate Rewards points will transfer to World of Hyatt at a rate of 4:3. For Sapphire Preferred cardmembers, this is effective…

Chase Updates The Sapphire Preferred

Details Written by: RJ Chase has updated the Sapphire Preferred with new benefits going live 6.15.26 for new and existing cardholders. Annual fee: $95 Multipliers NEW: 3x points on gas and EV charging NEW: 3x points on vacation homes at top brands including Airbnb, Vrbo and more 5x points on all Chase Travel purchases, including…