Happy Wednesday to all of our travel friends, both near and far! Here are some articles we’ve read from other bloggers (and other sources) that we think you may like, as well, so we’re passing them along.
Manufactured spending. What does that mean? It’s not apparent from the name, but a good guess would be that it has something to do with spending money in relation to travel since I’m writing about it on a blog dealing with points, miles and travel.
I’m personally no expert on the topic. I know some of the basics of what’s involved in the process. I’ve dabbled with some of the more straightforward methods here and there, but I’m not a regular practitioner.
For those of you who know what manufactured spending is, there’s not going to be anything new in this article, unless you want to read someone who has a basic understanding of the topic explaining it to someone who has never heard of it before.
I don’t think there’s a set definition of manufactured spending or MS. My best attempt at it is that manufactured spending is any method used to spend money multiple times through a financial instrument, to earn some form of reward.
Happy Sunday to all of our travel friends, both near and far! Here are some articles we’ve read from other bloggers (and other sources) that we think you may like, as well, so we’re passing them along.
It was a day I knew was coming but I didn’t think it would get here so soon.
As part of the rearranging of the Marriott Bonvoy co-brand credit card portfolios, American Express lost the right to issue the entry-level Bonvoy personal card. Now, if you want a Marriott personal card with a sub-$100 annual fee, you’ll have to apply for the Bonvoy Boundless card from Chase.
American Express could no longer market the card to new members but everyone with the card was allowed to keep it. The card was given the very exciting name “Marriott Bonvoy American Express Card.”
Cardholders were told to keep using their old cards until they would be replaced when the cards were approaching their expiration dates.
When it comes to applying for new credit cards, you need to play by the rules. Each bank needs to balance its ability to extend new lines of credit against the expense of giving miles or points to every person applying for a new card (or cards). Therefore they all have their own set of rules in place to try and accomplish this goal. Whether these restrictions are successful or not, only the banks know for sure, but for the time being, as points and miles collectors, this is the environment we’re in, so we need to adapt or die.
When writing about cards issued by American Express and Chase, I thought to myself, “Which one of these rules do I hate the least?” Neither of their rules are perfect, but if you know what you’re doing, you can learn to live with both banks. I’ve come to the decision that while both banks are opaque with their restrictions, I’d rather deal with one bank more than the other.