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Posted by on Jan 14, 2014 in Chase British Airways, Chase Hyatt, Citi AAdvantage, Credit Cards | 0 comments

Credit Card Retention Offer Updates

I just wanted to provide a friendly reminder that I’m constantly updating my credit card retention offers page so feel free to look for my latest findings as well as data points submitted by others.     A lot of the credit cards that we opened in early 2013 to charge our wedding expenses on are approaching a year old. Of course, that means the annual fee will be due very soon since many great credit cards only waive the annual fee for the first year. But if you’ve read my guide to opening credit cards for rewards, you will remember from rule #3 that you should make sure to avoid the annual fee by remembering to cancel the credit card – no excuses. At the same time, you should also try to maximize credit card retention offers during the cancellation process to earn even more free airlines miles and points.   The Main Point Some of the recent credit cards we called in to cancel include the Chase...

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Posted by on Oct 15, 2013 in Airline, Amex Starwood, Amex Starwood Business, Barclays Arrival, Cathay Pacific, Citi AAdvantage, Citi AAdvantage Business, Credit Cards | 1 comment

Flight Review: Cathay Pacific First Class from New York to Hong Kong

After my wedding, my sister flew back to Hong Kong and for that part of the trip, I booked her a ticket on Cathay Pacific First Class. Like her Singapore Airlines Business Class ticket, the Cathay Pacific ticket was free since we redeemed airlines miles and points. We had to pay a tiny amount for tax and a small telephone booking fee, but we just put those charges on the Barclays Arrival credit card and redeemed its bonus miles.   How You Can Do It Like Singapore Airlines, Cathay Pacific is a premier Asian airline that has some of the best airplane seats. Luckily, Cathay Pacific is part of the Oneworld alliance. As a result, you can use American Airlines AAdvantage miles to redeem for award tickets on Cathay Pacific. As the American Airlines award chart displays, a one way Cathay Pacific First Class ticket from New York to Hong Kong costs 67,500 AAdvantage miles; business class costs 55,000 AAdvantages miles while economy costs 35,000 AAdvantage miles. As a result, your best...

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Posted by on Oct 8, 2013 in Amex Gold Delta, Amex Platinum, Amex Premier Rewards Gold, Amex Starwood, Amex Starwood Business, Chase Ink Bold, Chase Southwest Premier, Citi AAdvantage, Citi AAdvantage Business, Credit Cards | 0 comments

Maximize Credit Card Retention Offers

In my guide to opening credit cards for rewards, I wrote that you should always cancel the credit card before the annual fee hits. I also said that I aim to cancel credit cards about 10 months after the date of approval. You may wonder why I don’t cancel credit cards a full 12 months after opening the card right before the annual fee hits. The answer is simple – credit card retention offers.   Credit Card Retention Offers When a customer calls in to cancel a credit card, banks will often offer credit card retention offers to persuade the customer to hold onto the card. These credit card retention offers come in the form of bonus airline miles, points, and/or cash in the form of statement credits. Sometimes the retention offer will be small, but sometimes it can be very generous. The reason credit card companies offer these bonuses is because it often costs them less to pay out a retention offer than to lose you as a...

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