Visa and Mastercard Settle $6.2 Billion Lawsuit

Credit Card networks Visa and Mastercard have settled a lawsuit that alleges the two companies violated antitrust laws by fixing prices, specifically the fee a merchant pays when a credit card is swiped. This alleged price fixing benefitted the banks that issue credit cards in partnership with Visa and Mastercard at the expense of merchants.
View Post

Chase Ends AU Bonus on the Sapphire Preferred Card

Chase has been clamping down on churning and trimming benefits and rewards on its Sapphire cards to save money. We recently reported on the 24 month waiting period to get a Sapphire sign up bonus if you have had it before being increased to 48 months, that’s 4 years. And now Chase is bringing in another change.
View Post

Amex SPG Card Offering 75,000 Point Sign Up Bonus

​As of today, the SPG credit card from American Express is offering a 75k sign up bonus in the new points currency that serves SPG, Marriott and Ritz Carlton loyalty programs and will take effect on August 18th. But that is not all, there have been more benefits added to the card, as of today…
View Post

Rumor False: The Citi Prestige wont be Discontinued

There has been a rumor going around that the Citi Prestige would be discontinued this fall, the source of the information was an article on the Doctor of Credit website stating that the Citi Prestige credit card will be discontinued this fall. Citi has now confirmed to DoC that this is not true and released a statement saying:
View Post