Tag Archives: Bank of America

Ask Me Anything (AMA): Credit Card Edition

Good morning everyone, I hope your weekend is off to a great start.  I love talking about credit cards and recently wrote I Paid $4,588 in Credit Card Annual Fees in 2019 & Was it Worth it? and Why Do We Keep 16 No Annual Fee Credit Cards?  I also do a series called “Keep, Cancel, or Convert?” where I explain why a credit card is worth keeping or why it should be converted or closed.

Today, I want to answer your reader questions.  If they are short and simple questions, I can answer them directly in the comments section.  If they are longer and more complicated questions, I might write a blog post about that topic. So without further ado, what questions do you have about credit cards?  Have a great weekend everyone!

My Wildly Ambitious 2020 Airline, Hotel & Credit Card Predictions

Good afternoon everyone.  Generally, at the end of the year, I like to review my travel predictions for the past year and make new predictions for the coming year.  After a long streak of poor prediction performance (2018 prediction results, 2017 prediction results, and 2016 prediction results), I decided not to make any travel predictions for 2019.  But my predictions are coming our of retirement / hibernation today.  I really recommend reading the travel predictions that Stephen at Frequent Miler made, especially his top 5 predictions:

  1. Capital One To Add Virgin Atlantic As Travel Partner
  2. Amex Membership Rewards To Transfer To JetBlue On A 1:1 Basis
  3. Free Breakfast For IHG Spire Elite Members
  4. Citi To Allow Card Referrals
  5. Chase And/Or Amex To Increase Referral Limits

I am going to piggy back on his predictions and add a few of my own.  So without further ado, here are my travel predictions for 2020

My 2020 Airline Predictions

  • Alaska, American, Delta, or United will introduce a “Cash and Miles” payment option for award tickets.  Clarification: This is not to be confused with Delta’s “Pay with Points” option where you get 1 CPP for each Delta SkyMiles for paid flights.  I’m thinking more along the lines of the way British Airways and Avianca do it for award tickets.
  • Allegiant Airlines, Frontier Airlines, Spirit Airlines, and Sun Country will announce a merger, but I’m not sure who will merge with who.

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Why Do We Keep 16 No Annual Fee Credit Cards?

Good afternoon everyone, I hope your weekend is off to a great start.  A few days ago, I wrote a post titled I Paid $4,588 in Credit Card Annual Fees in 2019 – Was it Worth it?  In that post, I shared the 21 credit cards that I plan on keeping and how I justify paying the annual fees on those credit cards.  I felt bad for the 16 no annual fee cards that Laura and I have and decided to write a post about them too.  Roughly half of the no annual fee credit cards were downgraded / converted from a credit card with an annual fee.  Besides the rewards that some of the no annual fee credit cards provide, keeping no annual fee credit cards open long term is good for your credit score.  It improves the length of credit history (average age of accounts), which represents 15% of your total credit score.  It also helps with the amounts owed (your credit utilization ratio), which represents 30% of your total credit score.  Lastly, it helps with payment history (paying your credit card bills on time), which represents 35% of your total credit score.  For more info, check out this Doctor of Credit page.

Image source: https://www.kiplinger.com/article/credit/T017-C000-S002-how-your-credit-score-is-calculated.html

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My Wife Merged 2 Alaska Airlines Accounts (Combined Miles & Discount Codes)

Good afternoon everyone, I hope you had a great weekend.  A few months ago, my wife applied for the Bank of America Alaska Airlines Credit Card.  The credit card offered 40,000 Alaska Airlines miles after spending $2,000 in 3 months, a $100 statement credit, and the $99 companion fare.  Fast forward to October 28, her credit card statement closed and it showed that she earned 42,975 Alaska Airlines miles that would post to her Alaska Airlines account.  The only problem?  The Alaska Airlines miles never posted to her Alaska Airlines account.

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My Wife’s Difficult Credit Card Approval Process After Marriage / Name Change

Good morning everyone, I hope you had a great weekend.  A few weeks ago, my wife Laura decided to apply for the Bank of America Alaska Airlines Credit Card.  Her credit report is great and she is a very responsible credit card user, so I figured it would be an easy instant approval for her.  Unfortunately, it took several weeks and a few phone calls to get approved for this credit card.  The reason?  After we got married at the end of July, she was in the middle of changing her name on her passport, driver license, social security card, bank accounts, credit cards, etc.  She also recently got promoted to a new position, so she had a higher salary than before.  I believe both reasons resulted in Bank of America requiring additional documentation because her new name and new salary were not showing up on her credit report (yet).  In this post, I will share with you the process she went through to ultimately be approved for the Bank of America Alaska Airlines Credit Card.

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