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This Week in Credit Card News: February 18-25

Updated Sep 09, 2021 | Published Feb 26, 20213 min read

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At a glance

New Spirit Airlines credit card; Changing reward redemption offers; Fresh Amex Offers; Amazon discounts; Higher credit limits with Capital One; HSBC makes U.S. exit.

Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Advertiser relationships do not affect card evaluations. Advertising partners do not edit or endorse our editorial content. Content is accurate to the best of our knowledge when it's published. Learn more in our Editorial Guidelines.

New Spirit Airlines Credit Card: Free Spirit® Travel More World Elite Mastercard®

  • Bank of America launched a new credit card cobranded with Spirit Airlines: Free Spirit® Travel More World Elite Mastercard®.
  • The Free Spirit card offers 3X points per dollar at Spirit Airlines, Zone 2 shortcut boarding, and a 25% inflight discount.

American Express Launches New Digital Receipts Feature

  • American Express’ Digital Receipts feature gives cardholders more information about previous purchases with certain merchants, such as the merchant name, logo, and description, date of order, items purchased, and cost.
  • This information can be found in online accounts and on the Amex app.
  • Source: American Express

Credit Card Issuers Change Perks and Reward Redemption Offers in Response to COVID

  • With travel delayed, some card issuers are extending the deadlines for travel perks and offers, like annual free night stays and companion fares.
  • Rewards that previously had to be redeemed for travel-related expenses can, in some cases, be redeemed for statement credits or merchandise, or through services like PayPal.
  • Source: Competiscan

Valuable Amex Offers: Dell and Showtime

  • Some American Express cardholders may be targeted for valuable Amex Offers for:
    • Dell: $100 credit for spending $500
    • Showtime: $5 statement credit for spending $10, up to three times
  • Check the Amex Offers section of your online account or Amex app to see if you’re targeted.
  • Terms and limitations apply; offers are limited; enrollment is required.

Get a 20%–50% Discount at Amazon By Using 1 Amex Membership Rewards Point

  • Amazon and American Express are offering a discount at Amazon when you use at least 1 Amex Membership Rewards point to pay for your purchase.
  • This is a limited-time offer; as of February 25, it’s set to expire on 3/31/21 or when a certain number/amount of offers are claimed.
  • Source: Doctor of Credit

Pay With a Discover Card to Get $10 Off an Amazon Purchase

  • Discover cardholders can get a $10 discount on a qualifying purchase of $50 or more by adding their Discover card to their Amazon account, and paying with that card (multiple items can be included in the purchase).
  • This offer is available for a limited time; terms and conditions apply.
  • Source: Amazon

Chase Sapphire Cardholders Can Earn 10X Points Through Chase Dining/Tock

  • Chase Sapphire cardholders (including the Chase Sapphire Preferred® Card (Review) and Chase Sapphire Reserve® (Review)) can earn 10X points per dollar for purchases through Chase Dining, which is powered by Tock, a reservation platform.
  • Chase Dining includes takeout, delivery, and dining reservations at restaurants, along with chef demos and package deals.
  • This offer ends on 6/30/21; the 10X point rate is limited to up to $500 in spending.
  • Source: Insider

Chase Expands Definition of “Cash-Like Transactions” to Cover More Types of Purchases

  • Chase is expanding the types of transactions that will count as cash advances, instead of regular purchases. Cash advances with credit cards are expensive — they usually come with higher interest rates and fees, and immediately begin to accrue interest.
  • Under the expanded definition, funding bank accounts, peer-to-peer money transfers, buying cryptocurrency, betting (including lotto ticket purchases), payments with third-party services, and certain bill payments will all be considered cash advances.
  • The effective date for this change will likely be mid-April.
  • Source: Doctor of Credit

American Express Opens a New Denver Centurion Lounge

  • American Express has opened a new Centurion Lounge in the Denver International Airport, in Concourse C past Gate C46 on the mezzanine level.
  • The lounge is open from 7 a.m. to 3 p.m., and features a pool table and craft beer bar, among other amenities.
  • All Centurion Lounges have now reopened after temporarily closing for the COVID-19 pandemic, except for the lounge at LGA.
  • Source: The Centurion Lounge

Capital One Raises Credit Limits for Some Cardholders

  • Current holders of Capital One credit cards may find themselves with higher credit limits as Capital One seeks to encourage spending with its cards, lifting previous limits.
  • Credit limit increases are being offered to cardholders at both the prime (good credit) and sub-prime (less-than-good credit) levels, so now is probably a good time to request a credit limit increase.
  • New cardholders are still being given relatively small credit limits.
  • Source: PaymentsSource

HSBC Leaving the U.S. Retail Market

  • HSBC will be closing its remaining 150 retail locations in the U.S. after struggling to compete against rival banks.
  • Several senior executives at the company were given new positions.
  • Source: Reuters
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Written by

Brendan Harkness

Brendan has been writing about personal finance for over eight years, and is now taking on the challenge of bringing high-quality credit education to the masses. He makes sure that Credit Card Insider is covering the most important credit topics transparently and precisely, and that we have up-to-date reviews of credit cards so you can find cards that are right for you.

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