Posts Tagged ‘american express

18
Aug
09

Rack that credit card debt

Months before a new law restricts the credit-card industry’s ability to raise interest rates and charge fees, card issuers are scaling back programs that offer lucrative rewards such as frequent-flier miles and cash rebates.

Alaska Airlines says the cost of companion fares available through its Bank of America Visa Signature card will double from $50 to $99, effective Oct. 1. The airline also will eliminate the 2,000 free anniversary miles granted annually to cardholders, starting Dec. 31.

American Express will increase to $99 from $75 the maximum fee customers in its Membership Rewards program pay to transfer points to any U.S. airline loyalty program. In June, it decreased its rebate to Blue Cash cardholders for all purchases except everyday ones such as gas and groceries to 1.25 percent from 1.5 percent.

Discover has eliminated one of three tiers in its cashback program. Previously, customers received 0.25 percent of the first $1,500 spent, 0.5 percent for the next $1,500, and 1 percent for anything exceeding $3,000. They now will receive 0.25 percent back for the first $3,000 spent and 1 percent above that.

Citi has altered its travel-redemption program. Previously, customers could redeem a domestic round-trip airline ticket valued at up to $400 for every 20,000 points earned. The same ticket now would require 40,000 points.

The changes come after warnings from bank executives that the new law, which takes effect in February, will limit their ability to set interest rates and fees based on each borrower’s risk. That, in turn, would make lending money more expensive, forcing banks to withhold credit, charge new customers higher rates and increase annual fees, executives have argued. NO, it won’t make lending money more expensive…it will make it LESS profitable…

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29
May
09

Talkarazzi

Adam Lambert and the Idol staff must have heard us yesterday. Kara DioGuardi did a taped interview for the View that will air today.
During the segment, Barbara Walters asked DioGuardi if she thought his “perceived sexuality” might have influenced the audience to vote for Kris Allen.

To which DioGuardi responded, “Well, first of all, I hope not … because we should be judging on talent and viability in the music industry and they both [Lambert and Allen] had that. I don’t think that Adam [Lambert] was ever in [the closet]. I think he was always openly out.”

Jennifer Aniston and Courtney Cox were on the outs but it looks like they’re moving forward. Jen was rumored to be upset about earlier this month Courtney hungout with Brad at the Chris Cornell concert.
Last night, Jennifer, Courtney and David Arquette had dinner at Water Grill in downtown LA and afterwards headed to Fleetwood Mac at the Staples Center

On Wednesday the Hills was filming at Pinches Tacos in LA and Brody, His Girlfriend, Lo and who else, Kristin Cavalleri. However, Audrina was not there because she was busy bitching to media outlets complaining that she does not like Kristin, she is pathetic and will do anything around the cameras

So when your Maserati gets towed, what car do you take. Well, if you’re Lindsay Lohan, you take the infamous black Matte Rolls Royce Phantom. The Maserati got towed for being in the red zone on Thursday.

Susan Boyle is cracking under the pressure of her recent fame. She can not take the sheer amount of pressure on her.

Courtney Love fired back at American Express yesterday. Her attorney claims, “AmEx knows the claim has no merit. We have told them this for a long time. AmEx’s law policies allowed fraudulent transactions to be charged to my client’s card.” Just because you’re drunk and high and don’t remember buying something doesn’t mean its fraudulent.




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