Good morning everyone. As we approach the end of the year, I decided to take a look at my credit card spreadsheet and see how much my wife and I paid in annual fees this year. I removed all the no annual fee credit cards and here are the 26 credit cards that have annual fees (sorted alphabetically). I will break down this list into cards that I am 99% sure that I will cancel, 99% sure that I will keep, and the 50/50 cards that I might keep or cancel. Read through this post and let me know if you agree or disagree with my thinking.
I have it on good authority that Capital One is going to launch a premium credit card to compete with the Chase Sapphire Reserve, Platinum Card from American Express, and other premium cards. My source has let me know the following details about this card:
- 10X points per dollar on hotels booked through the Capital One portal
- 5X points per dollar on airfare booked through the Capital One portal
- 4X points per dollar at restaurants
- 1X points per dollar on all other purchases
- Additional point bonuses at certain spend thresholds
- $300 travel credit
- $495 annual fee
I’ve been told that this card is slated for a Q2 2020 launch, so it may be awhile before we have confirmation about this card offering and any of the specific details.
I’ll be sure to keep you posted on any developments!
Updated 8pm PT on 3/15/19: Thank you to everyone who entered the giveaway. I wish I could give everyone codes, but I only have so many codes available. Here are the winners: Mike Saint, Bill Pisor, LAURAPDX, Brandon, Priscilla Ennis, Seth, Will, Stephanie Woods, iwantmoremiles, and Jim F. I will email the winners the codes. Thank you.
Good afternoon everyone. A year ago, I wrote AwardWallet Feature I Wish Existed: Keep Checking for Account Balance Changes. In that post, I wished there was a way for AwardWallet to constantly check a specific airline / hotel account to see when miles or points posted. This is super important if you transfer points from a transferable points currency (Chase Ultimate Rewards, American Express Membership Rewards, Citi Thank You Points, Capital One Points, or Marriott Bonvoy) in the hopes of booking an award flight before the award space disappears. Some transfers are instant, while others may take several hours or several days.
I am happy to report that AwardWallet took my idea and added the feature to AwardWallet. Here is a blog post describing Balance Watch and how the feature works:
“Balance Watch will monitor a loyalty account to let you know as soon as your points arrive. Once activated, AwardWallet will check your balance up to twenty-four times per day and send you a desktop, mobile, and email notification as soon as a change is detected.”
I can’t believe this happened again, though with a different friend. Doesn’t he read my blog posts on TWG? This time on my friend’s FIRST day, which was to start a seven week trip around Mexico, the ATM ate his debit card. He had no cash on him. His bank told him they’d send a new debit card, but after tracking the card’s delivery and waiting four days, my friend had doubts about getting his card.
Updated at 6:30am PT on 10/1: My $50 ACH deposit from Earn just posted to my checking account on 10/1. This was 9 days after requesting the ACH deposit.
Good afternoon everyone, I hope your weekend is going well. A few months ago, Doctor of Credit wrote about SaverLife and how to earn up to $60 by saving money in an existing savings account. Free money? Sign me up! SaverLife is a non-profit funded by sponsors like Capital One, Chase and others that encourages members to save $20 per month to earn a $10 reward. I should have earned the full $60 reward, but I accidentally moved funds from my savings account to another account for a few weeks, so I wasn’t eligible for the $10 reward that month. Oh well, I am very happy with $50. If you were a member of SaverLife, you should have received the following email. Click the Claim Rewards button to get started. If you are interested in joining SaverLife, I think the $60 promo is still running. Here is my referral link.