The Credit Shifu

Will Merchants Soon Refuse to Accept Rewards Credit Cards? (WSJ Article)

A recent article in the Wall Street Journal has drawn attention to several big merchants’ campaign to end the so called “honor all cards” policy of Visa and Mastercard. If a merchant wants to accept say Visa cards, for example, they must accept all Visa cards, regardless of issuer or the type of Visa card. Mastercard has the same rule for merchants who use their network.

September 26, 2018

Earn 10% Back at Shoprite with Chase Freedom

I received an email this morning from Chase introducing a new promotion they are running, where they are allowing Freedom card holders to earn 10% back at Shoprite in October. Q4 5% earning categories for the Freedom card are Chase Pay, department stores and wholesale clubs. So you can get 5% when using Chase pay at Shoprite for the whole quarter. Ordinarily you wouldn’t be able to earn double cash back (5% for Chase pay and 5% for another category at the same time), Chase states this in their terms and conditions. But they seem to be allowing this with Shoprite on a limited amount of spending.

September 26, 2018

News

You Can Now Freeze Your Credit Report for Free

You can now freeze your credit reports from the three major credit bureaus free of charge. This is thanks to amendments to the Fair Credit Reporting Act that were passed as part of the Economic Growth, Regulatory Relief, and Consumer Protection Act in the House of Representatives on May 22nd. The new regulations just came into effect last Friday.

September 25, 2018

Is there a New Citi Premium Credit Card Coming Out?

Citi recently stopped taking new applications for the popular Citi Prestige credit card, although has said in a statement that they “remain committed to the Prestige product and servicing our valued existing card members. We look forward to reintroducing the card for new card members in the near future.”

September 24, 2018

What is the Best Credit Card for Students?

It is important for young adults to build up their credit score, especially as they are approaching the age where they will move out and go it alone in the world i.e. graduating from college and getting a job. There are several options for students to build up credit, with the most common being various types of credit cards, so let’s compare three types.

September 24, 2018

Deals
News

Delta Reserve Card Now Offering 70K Bonus (Limited Time Offers)

We recently reported on increased sign up bonuses on two of the Delta Skymiles Personal credit cards from American Express. These bonuses ended on September 19th, but now it seems there is a new batch of increased bonus offers for the Delta Skymiles Reserve card, Blue card and for two of the Delta business cards.

September 21, 2018

Amex Premier Rewards Gold New $120 Dining Credit, 4x at Restaurants + Supermarkets

New $120 Dining Credit Some cardholders of the American Express Premier Rewards…

September 20, 2018

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.

September 19, 2018

Amex Points Transfer to Three Airlines at 40% Extra Until November

American Express Membership Rewards is the award program of the Amex charge cards plus the series of Everyday credit cards. One of the most lucrative ways to use Amex points is to transfer to airline partners and American Express cards here in the US currently have 17 airlines to choose from. From time to time Amex gives generous bonuses as limited time offers.