Skip to content
RATING
Review

This Week in Credit Card News: March 26 – April 1

Updated Sep 09, 2021 | Published Apr 01, 20213 min read

Advertiser Disclosure

Credit Card Insider is an independent, advertising supported website. Credit Card Insider receives compensation from some credit card issuers as advertisers. Advertiser relationships do not affect card ratings or our Editor’s Best Card Picks. Credit Card Insider has not reviewed all available credit card offers in the marketplace. Content is not provided or commissioned by any credit card issuers. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. Credit Card Insider and CardRatings may receive a commission from card issuers. A list of these issuers can be found on our Editorial Guidelines.

At a glance

Increased welcome bonus for Capital One Venture Rewards card; New Upromise Mastercard; New 5% quarterly categories; Chase expands redemptions and benefits; Visa allows settlements in cryptocurrency.

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.

The information related to Chase Freedom Flex℠ has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Increased Welcome Bonus for Capital One Venture Rewards Card (Expired)

  • The Capital One Venture Rewards Credit Card (Review) welcome bonus has been increased to: 50,000 bonus miles for spending $3,000 in the first 3 months; 50,000 bonus miles for spending a total of $20,000 in the first 12 months (expired)
  • Take note that this offer is available for a limited time only; select the card above to see its current welcome bonus offer.
  • See more of the best credit card signup bonus offers.

New Credit Card for College Students: Upromise® Mastercard® from Barclays

  • The new Upromise Mastercard is designed to encourage college students to save instead of spend, with no annual fee, cash back rewards, and a complicated Round Up program.
  • The Upromise Mastercard normally earns 1.25% cash back; you can earn 1.529% cash back if your account is linked to an eligible college savings plan.
  • Cardholders are automatically enrolled in the Upromise program, a college savings program which includes extra reward opportunities.
  • Source: Barclays

New Quarter 2 Categories Begin for 5% Rotating Category Cards: Discover it® Cash Back, Chase Freedom Flex, and More

Chase Extends Expanded Redemption Criteria for “Pay Yourself Back” and Travel Credit

  • Two limited-time Chase programs, available on certain credit cards, have been extended:
    • Pay Yourself Back provides a bonus when redeeming points through Chase Ultimate Rewards. This bonus is normally restricted to travel purchase redemptions, but Chase expanded the program to include grocery stores, dining at restaurants (including takeout and eligible delivery services), home improvement stores, and select charitable organizations. The expanded criteria are now slated to last through September 30, 2021.
    • The Chase Sapphire Reserve has a $300 travel credit, which can usually only be used for eligible travel expenses. This credit has been expanded to include grocery store and gas station purchases as well, and the expanded criteria are now set to last through December 31, 2021.

Chase Sapphire Preferred and Reserve Cardholders: Bonus Points for Peloton Purchases

  • Chase has expanded some Peloton perks on two popular cards to include bonus points for purchases:
  • These bonus categories are available through March 31, 2022.
  • The other Peloton benefits consist of statement credits for Peloton All-Access or Digital Memberships, available through December 31, 2021 (up to $60 for the Sapphire Preferred, and up to $120 for the Sapphire Reserve).
  • Source: Peloton

Visa Becomes the First Major Payment Network to Settle Transactions in Cryptocurrency

  • Visa has announced it will pilot the use of USD Coin (USDC), a stablecoin backed by the U.S. dollar, to settle transactions over the Ethereum blockchain.
  • Visa partners usually have to settle payment obligations with Visa using a traditional fiat currency. Under this program, Visa will allow Crypto.com, a cryptocurrency trading platform, to settle a portion of its obligations in USDC instead.
  • More partners are expected to be added to the program later this year. Jack Forestell, executive vice president and chief product officer at Visa, indicates that this is just the beginning. “Crypto-native fintechs want partners who understand their business and the complexities of digital currency form factors,” said Forestell. “The announcement today marks a major milestone in our ability to address the needs of fintechs managing their business in a stablecoin or cryptocurrency, and it’s really an extension of what we do every day, securely facilitating payments in all different currencies all across the world.”
  • Sources: Business Wire, PaymentsSource
Was this helpful?
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.

Do you have a correction, tip, or suggestion for a new post? Contact us here.

The responses below are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertisers' responsibility to ensure all posts are accurate and/or questions are answered.

Scroll to top