rewards News & Analysis
6 articles
Market Mood
Citi Double Cash Card offers 2% cash back on all purchases
The Citi Double Cash® Card provides 2% cash back on all purchases, which includes 1% when making a purchase and 1% when paying the bill. This contrasts with the American Express Blue Business Cash™ Card, which earns 2% cash back on the first $50,000 spent annually and then 1%. The American Express® Gold Card allows customers to earn 4X points at U.S. supermarkets on purchases up to $25,000 and on dining worldwide up to $50,000, before reverting to lower rates. For consumers looking for rewards on everyday spending, understanding these specifics can lead to more effective credit card choices.
Read More: Citi Double Cash Card offers 2% cash back on all purchases
American Express (AXP) Offers $300 Bonus for New Checking Accounts
American Express (AXP) is offering a welcome bonus of $300 for new Amex Rewards Checking customers who open an account by July 30, 2026, and receive $7,500 in qualifying direct deposits within the first 90 days. The $300 will be deposited within 8 to 12 weeks after meeting the requirements. The account features no monthly maintenance fees, a minimum deposit of $0, and an Annual Percentage Yield (APY) of 1.00% as of June 24, 2024. This promotion could attract new customers, significantly impacting total deposits and account openings.
Read More: American Express (AXP) Offers $300 Bonus for New Checking Accounts
Chase Sapphire Preferred Card (CSP) Enhancements and Key Changes
Chase Sapphire Preferred® (CSP) will retain its annual fee of $95 while introducing enhanced benefits effective June 15, 2026. New perks include 3X points on gas, EV charging, and vacation home rentals, along with a $100 annual hotel credit. However, the transfer ratio to World of Hyatt will decrease from 1:1 to 4:3, and the 10% anniversary points bonus will be eliminated. These changes could impact customer loyalty and the card's attractiveness for frequent travelers based on personal reward preferences.
Read More: Chase Sapphire Preferred Card (CSP) Enhancements and Key Changes
Spirit Airlines (SAVE) Loyalty Points Likely Worthless Amid Changes
Spirit Airlines (SAVE) customers who accumulated thousands of loyalty points may not receive compensation for their rewards. Recent announcements indicate that the value of these points could be rendered null. This situation affects customer sentiment and confidence in the loyalty program, potentially impacting future bookings. The inability to redeem these points may lead to decreased engagement with the airline's services.
Read More: Spirit Airlines (SAVE) Loyalty Points Likely Worthless Amid Changes
Amex Gold (AXP) Updates Benefits for 60th Anniversary Celebrations
American Express® Gold Card (AXP) has introduced new benefits in celebration of its 60th anniversary. Cardholders will now earn 5X Amex Membership Rewards® points on prepaid hotels booked through AmexTravel.com, an increase from 2X points. Additionally, cardholders can receive complimentary Hertz Five Star® Status, providing enhanced rental car benefits. Dining credits have also been updated to include new restaurants like Buffalo Wild Wings, yet still remain capped at $10 monthly. While these changes enhance the card's value, they are not expected to significantly impact the market’s perception of the offering.
Read More: Amex Gold (AXP) Updates Benefits for 60th Anniversary Celebrations
Wells Fargo Attune Mastercard Offers 4% Back for Golf Spending
The Wells Fargo Attune World Elite Mastercard® allows users to earn 4% cash back on categories including sports, recreation, and entertainment, which encompass public golf courses. Additionally, users can earn $100 in cash rewards after spending $500 in the first 3 months. The card features a $0 annual fee and an intro APR of 0% for the first 12 months. Such benefits make it a favorable choice for frequent golfers looking to maximize rewards while enjoying their sport.
Read More: Wells Fargo Attune Mastercard Offers 4% Back for Golf Spending