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.
Continue reading “Which Card’s Application Rules Are Worse, AMEX or Chase?”
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.
Continue reading “AMEX Cracking Down, More United Problems, Airline CEOs Are Jerks, Target’s Response To Prime Day, & More!”
It’s been a while since I signed up for an American Express card and needed to meet a minimum spending requirement. In that time, AMEX has founded the Rewards Abuse Team (affectionately called RAT). Please stop saying it’s the RAT Team because that would be the Rewards Abuse Team Team. But if you say that, you probably still type in your PIN number at the ATM machine. If you don’t get that joke, maybe someone will explain it to you.
The RAT Ream’s job is apparently to find any reason to deny a signup bonus to any cardholder they feel is trying to game the system and sign up for cards just for the bonuses. Why AMEX thinks this practice is a bad idea would make you question why they offer huge bonuses in the first place if it’s bad for business but better to put the blame on the customers, right?
Continue reading “Why I’m Paranoid About Meeting An American Express Spending Requirement”