Tag Archives: Cash Back

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Attend FTU Virtual Seminar on Saturday May 22 ($25) or Free with Online Annual Membership

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Good afternoon everyone, I hope your week is going well.  If you have no plans this coming Saturday (May 22), I highly recommend attending the FTU Virtual Seminar (tickets available for $25) or free if you have the FTU Online Annual Membership.  The seminar starts on Saturday at 8am PT / 11am ET.  I have attended a few FTU Virtual Seminars over the last several months and they are always well done, educational, and entertaining – and I am sure this seminar will be no exception!

If you register for the seminar on Saturday, but are unable to watch the live stream, you can access the recording of the seminar and watch later on.  This is also a great way to re-watch your favorite presentations and catch any details that you originally missed.

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Bad News: Citi ThankYou Points Cash Out Statement Credits Don’t Earn Cash Back with Citi Double Cash

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Good afternoon everyone, I hope your week is going well.  On April 10, 2021, Citi reduced the value of Citi ThankYou Points (TYPs) when redeemed for travel from 1.25 cents per point (CPP) to 1.0 CPP.  To make up for the devaluation of TYPs, Citi started allowing members with a Citi Premier Credit Card to cash out TYPs at 1 CPP in any amount, down to a single TYP (this redemption already existed on the Citi Prestige Credit Card).  With that info in mind, I wanted to test out the cash out feature on my Citi Double Cash Credit Card.  I made several small purchases and then several cash out redemptions.

Unfortunately, the cash out statement credit redemptions do not count as eligible payments, therefore they do not earn cash back on the Citi Double Cash (I missed out the normal 1% cash back for paying off the credit card).  As you can see by my recent statement, I made $88.99 in purchases, made a $5.01 payment, and $83.98 in cash out statement credits (which posted as credits instead of payments).

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Attend FTU Virtual Seminar on Saturday April 10 ($25) or Free with FTU Online Annual Membership

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Good afternoon everyone, I hope your week is going well.  If you have no plans this coming Saturday (April 10), I highly recommend attending the FTU Virtual Seminar (tickets available for $25).  The seminar starts on Saturday at 11am ET / 8am PT.  I really enjoyed attending the first FTU Virtual Seminar back on December 12 and I’m sure this seminar will be just as entertaining and educational.  If you have the FTU Online Annual Membership, you can attend the seminar for free.

If you registered for the seminar on Saturday, but are unable to watch the live stream, you can access the recording of the seminar and watch later on.  This is also a great way to re-watch your favorite presentations and catch any details that you originally missed.

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US Bank Cash Plus Changes: $25 Minimum Redemption Amount, Postmates Benefit & More

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Good morning everyone, happy Friday!  Yesterday, I wrote American Express Changes: $25 Account Reopening Fee, Forfeiting Points on Late Payments & Old Blue Cash Redemptions.  In today’s post, I will cover some recent changes that I saw in my US Bank Cash Plus Credit Card statement.

“Effective June 1, 2021, the minimum redemption amount required to redeem cash back in the form of a statement credit or a deposit made to your U.S. Bank Savings, Checking or Money Market Account will be $25 (previously, it was $0.01).”  This is bad news for credit card holders that earn less than $25.00 in cash back every month.  I love when my statement closes and I can redeem $5.25, or $8.63, or $12.99 as a statement credit toward my credit card bill.  Stating in June, I will have to accrue at least $25.00 in cash back before I can redeem for a statement credit.  Let’s go through the other changes and see what US Bank is up to.

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American Express Changes: $25 Account Reopening Fee, Forfeiting Points on Late Payments & Old Blue Cash Redemptions

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Good afternoon everyone.  I was reviewing my recent American Express credit card statements and spotted a few changes that I wanted you to be aware of.  The first 2 changes were shown on my American Express Blue Business Plus Credit Card and the last change was specific to my AMEX Old Blue Cash Credit Card (no longer available).  The first 2 changes affect small business credit and charge cards that earn American Express Membership Rewards Points.  With that said, let’s go through the first change.

Effectively immediately, if your American Express card is closed (presumably by you), then you change your mind and want to reopen the card, you will now have to pay a $25 reopening fee.  Before you close your card, call American Express to see if you can get a retention offer, see if you can convert that card to another card, and redeem any points tied to that card.  If you do those steps, you should not need to reopen an account and incur the $25 reopening fee.

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