This Week in Credit Card News: June 11–17
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It’s time to activate 5% cash back quarterly rotating categories for Q3; New welcome bonuses for Delta credit cards; New study finds one-third of consumers have errors on credit reports.
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It’s Time to Activate 5% Cash Back Quarterly Reward Credit Cards for Q3
- If you have a credit card with 5% quarterly rotating categories, it’s time to activate your categories for Q3 2021: July — September.
- Credit cards with quarterly categories that must be activated include:
- Chase Freedom Flex℠ (Review): Learn about the Freedom Flex’s 5% categories.
- Discover it® Cash Back (Review): Learn about the Discover it Cash Back’s 5% categories (5% cash back in rotating categories is available up to $1,500 spent per quarter, then 1%; activation required)
- U.S. Bank Cash+™ Visa Signature® Card (Review)
New Welcome Bonuses for Delta Credit Cards (Expired)
- Update: These offers are now expired.
- The following Delta credit cards are offering new welcome bonuses:
- Delta SkyMiles® Gold American Express Card (Review): 70,000 bonus miles after you spend $2,000 in the first 3 months; $200 statement credit for making a Delta purchase in the first 3 months (expires 7/28/2021)
- Delta SkyMiles® Platinum American Express Card (Review): 90,000 bonus miles for spending $3,000 in the first 3 months; $200 statement credit for making a Delta purchase in the first 3 months (expires 7/28/2021)
- Delta SkyMiles® Reserve American Express Card (Review): 80,000 bonus miles and 20,000 Medallion® Qualification Miles (MQMs) for spending $5,000 in the first 3 months; $200 statement credit for making a Delta purchase in the first 3 months (expires 7/28/2021)
- These offers are available for a limited time only; select a card above to see its current welcome bonus
Over One-Third of Consumers Found Errors in Credit Reports, According to Recent Study
- In a new study by Consumer Reports, over one-third of volunteer consumers found errors in their credit reports. 29% reported errors in personal information, while 11% found account information errors.
- The most common personal information errors were about address information, which can lead to problems when consumers try to verify their identities. Of the account information problems, 41% saw accounts they didn’t recognize, while others saw collection accounts they didn’t recognize and late/missed payments that should not have been present, according to the consumers.
- It was also found that recent legislation enacted during the COVID-19 pandemic to protect accounts in forbearance was not always being followed. The new law requires credit reporting agencies to maintain the status of accounts that go into forbearance; i.e., if an account is reported as current before entering forbearance, it should remain reported as current. But 15% of consumers said that their accounts in forbearance are not listed as current (although it’s not clear from the report if they should be listed as such).
- Learn how to dispute errors on your credit reports. Doing so could improve your credit scores, depending on the errors you remove.
- Source: “A Broken System: How The Credit Reporting System Fails Consumers and What to Do About It” by Consumer Reports
For rates and fees of the Delta SkyMiles® Platinum American Express Card, please click here.
For rates and fees of the Delta SkyMiles® Gold American Express Card, please click here.
For rates and fees of the Delta SkyMiles® Reserve American Express Card, please click here.
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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