CFPB Lowers Credit Card Late Fees

Details Written by: RJ The Consumer Financial Protection Bureau (CFPB) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers. The rule will curb fees that cost American families more than $14 billion a year. The CFPB estimates that American families will save more than…

US Bank Potentially Nerfing Altitude Go & Connect

Details Written by: RJ A source reached out with changes coming to US Bank cards. Letters have started to go out to cardholders starting this month. The changes would be effective 9/9/24. Altitude Go 2x categories are getting nerfed. Will no longer include wholesale clubs, super centers, or grocery store gas stations Altitude Connect Annual…

American Express Third Party Data Breech

Details Written by: RJ American Express is alerting some cardholders of a data breech. The breech was on a merchant processors end and not the American Express side. WHAT HAPPENED? Protecting the security of our Card Members’ information is very important to us and we strive to let you know about security concerns as soon…

Discover IT Cash Q2 5x Categories

Details Written by: RJ Discover IT Cash Q2 2024 categories: Gas stations & EV charging Home improvement stores Public transit Thoughts Not a bad haul this quarter, should be doable with organic spend. If not, gas stations and home improvement stores both carry gift cards. Advertiser Disclosure: Some of the card links and products that…

Wells Fargo Business Signify Updates

Details Written by: RJ New details for the Wells Fargo Signify business cards: Signify Cash Credit Card Annual fee: $0 Multipliers 2x All purchases $500 intro offer with $5k in spend within the first 3 months Terms & conditions Other cards Business Card: 1,000 bonus Points per each monthly billing cycle that the company spends…

Hyatt 2024 Award Chart

Details Written by: RJ Hyatt has published the updated 2024 award charts. New chart is effective as of 3/26/24. Anything booked prior to this date will be locked in at the current rates 137 hotels will move to a higher award category. 46 hotels will move to a lower award category. Press release Excel version…

Google Pay Ending US Support

Details Written by: RJ Google is ending support for Google Pay in the US on 6/4/24. Users can make the switch to Google Wallet, which is basically the same thing from what I understand. Major difference being the feature of sending P2P payments. This is not supported in Google Wallet. Users would need another app…

American Airlines Updates

Details Written by: RJ American has released a few changes to their loyalty program today: Earning miles Effective 5/1/24, American is adding new requirements to earn AA points for American Airlines flights. Flights will have to be booked via specific means: Book directly with American or an eligible partner airline Book as an AAdvantage business…

Capital One Purchasing Discover

Details Written by: RJ Capital One is set to purchase Discover Bank for $35.3 billion. This would be an all stock deal. Capital One would keep the Discover brand alive under the Capital One umbrella. CNBC Thoughts Interesting to see if this passes regulatory approval. As well as how else Capital One would use Discover.…