First, a note: if you’re playing the Kroger gift card resale game, always make sure you clip any coupon that could be, even remotely, related to what you’re buying.

And with that out of the way, let’s dive into the week with a few above-average offers and a below-average offer to balance it out.

  1. Forums lit up over the weekend with news of the Capital On Tap business credit card increasing the sign-up bonus to $750 for $7,500 in spend.This is interesting because:

    – Capital On Tap isn’t performing a hard-pull on your credit
    – The card doesn’t report to credit bureaus
    – Credit lines are typically large
    – They support payments with debit cards from their payment portal

    There are a few downsides too: This is only available by a TPG affiliate link and reportedly it’s tough to get approved without a corporation, LLC, or other registered entity.

  2. Bank of America has been emailing targeted, uncapped bonus spend offers through December 31 for:

    – +2% bonus cash back on Customized Cash Visa
    – +2x miles on the Alaska Airlines Visa
    – +2x miles on the Travel Rewards Visa
    – +2x miles on the Amtrack Visa

    Check your email for any messages from Bank of America from the weekend, especially in your spam folders. I wasn’t targeted sadly, so I’m going to have to live vicariously through you on this one.

  3. Jim was the first to let me know that OfficeDepot / Office Max has a $15 instant discount on $300 or more in Metabank Visa gift cards through Saturday. To maximize:

    – Buy the “Everywhere” cards which have a lower fee and are typically easier to liquidate
    – Link your credit cards to Dosh
    – Try and run multiple transactions back to back

  4. Meijer MPerks has a $5 Meijer gift card with the purchase of $500 in Happy Gift cards through May 28, but you have to clip the coupon first. (Thanks to GC Galore)

    Normally I wouldn’t write about a $5 back deal but it gives an opening to talk about a Happy Gift Card that’s now available in both physical and digital form (EDIT: Thanks to yehuda for the corrected link): The St. Jude’s Children’s Research Hospital Happy card, which can be swapped to BestBuy. This is great from a velocity, resale, and anti-fraud perspective.

The outline for this post.

We’re all over the place today:

  1. There’s a new option to cash out orphaned ANA miles. You can now convert them to Amazon gift cards at 0.83 cents per point. The value isn’t great, but if you’ve got miles sitting there from a COVID cancelled-trip with no prospects for burning them soon this could be a good way to temporarily exit the program. (Thanks to T C)
  2. There have been many reports over the last two days that more people are targeted for a 20,000 Membership Rewards bonus for turning on Pay-over-Time on AmEx charge cards. To check each of your cards, you’ll have to set the card to be the default, then check the landing page.
  3. Staples has fee free $200 Mastercard gift cards starting Sunday and running through the following Saturday, limit five per transaction. Coincidentally (or is it?), this deal starts the day after the Office Depot/OfficeMax variant ends.

    These cards are Metabank issued so have a liquidation plan in place other than buying a money order at Walmart, Kroger, or Safeway. How are other national retailers treating you though?

  4. The onJuno banking and rewards debit card, a favorite for some of you, is now paying a 3% annual bonus on Bitcoin and Ethereum crypto holdings. I guess that bonus helps offset some of BTC’s 36.6% loss over the last 365 days? (Too soon?)

Have a nice weekend!

In fairness, this car probably also depreciated 36.6% in the last 365 days.

  1. Kroger and Harris Teeter are running another 4x fuel points bonus through Friday-Sunday on all third party gift cards, and through Tuesday with Happy gift cards. Unfortunately the fuel points resale market is rather weak right now after a series of tumultuous software updates at the fuel pumps and another two week long 4x sale that concluded a few days ago. (Thanks to GC Galore)
  2. Radisson Rewards has 30% off of “premium” hotel rooms in North America booked today in the Raddison mobile app for ios or android for stays through June 30. Premium hotel rooms are often just a few dollars more than a base room, so I think it’s still a deal even if you’re a base room person. UPDATE: Now live
  3. Do this now: Register for Wyndham’s current promotion, 7,500 bonus points after two stays through September 6.
  4. American Express is sending out physical mailers via USPS for two great sign-up bonuses:

    – 250,000 Membership Rewards for a new Business Platinum after $30,000 in spend in six months
    – 180,000 Membership Rewards for a new Business Gold after $20,000 in spend in six months

    If you get ahold of one of these, keep in mind that American Express doesn’t care who applies for the card as long as the applicant’s address matches the mailer’s address.

Now I just need AmEx to honor this, uhh, totally legit offer.

There’s a lot going on with new speculative products that we’ll discuss soon, but for now let’s talk about some active offers:

  1. The PayPal Mastercard is now generally available for new applications. The current sign-up bonus is $100 after spending $500, but this isn’t a card you get for the sign-up bonus. Instead you get it because:

    – It’s 3% cash-back everywhere you pay with PayPal or Venmo (some MS-friendly stores take both)
    – It’s a Synchrony card
    – It’s a Mastercard

    The card gets 2% cash-back everywhere else, which is fine I guess.

  2. You can currently earn 1,500 points transferrable to either AA or Hyatt by downloading the Bilt Rewards app for ios or android and linking your frequent flyer accounts. You’ll earn:

    – 100 points for linking each of your non-Hyatt loyalty partners, ten in total, though you may want to wait for increased earnings on other programs before linking immediately
    – 500 points for linking your Hyatt account before May 27

    Note that the minimum to transfer is 2,000 points. I’d love to get the Bilt card to moon my account🚀 , but I’m sure I’d be shutdown for manufactured spend before the card even arrived in my mailbox, setting a new world record. Also, blah blah blah getting below 5/24 blah blah blah. (Thanks to VFTW)

  3. OfficeMax/Office Depot has $15 back on $300 or more in Mastercard gift card purchases, bringing your net cost below face-value even without rewards or other shenanigans. To maximize the deal:

    – Link each of your Ink or other office supply bonused cards to a Dosh account
    – Try and get multiple transactions in a single trip

    These are Metabank gift cards, so make sure you’ve got a liquidation channel. They do exist nationwide but you’ve got to look.

Happy Wednesday friends!

The world record setting rewards balance plot.

Some of our favorite banks like Chase and AmEx allow you convert one credit card to another within the same card family (like converting a Delta Reserve to a Delta Gold) at any time. Other banks are a little more zany and will let you do just about anything as long as you talk to the right person, like Bank of America which will let you convert a Virgin Atlantic Mastercard to a Customized Cash Rewards Visa.

Let’s discuss some of the reasons a churner may want to do this:

Annual Fees

All of the banks mentioned above will prorate your annual fee when you convert a card to another card. You may want to do this if:

  • You forget to close a card within the annual fee refund grace period, and you don’t want the card anymore. So, you downgrade to a no-annual fee version for a prorated refund (and maybe then close the card after that posts)
  • You used all the yearly credits for a card, like the Sapphire Reserve $300 travel credit, so you downgrade as soon as your credits post for a pro-rated refund
  • You don’t want to reset the average age of the accounts on your credit report, but you don’t want to pay a particular annual fee any more either

Of course for next level gaming, you can downgrade an annual fee card with travel credits and simultaneously upgrade another no-annual fee to the card with travel credits and double-dip for the same net annual fee, but that may ultimately be a risky move.

Getting Upgrade Offers

American Express in particular has card upgrade bonuses all the time, sometimes as quickly as an hour after downgrading a card. For example, last year I downgraded a Business Platinum to a Business Gold, and then upgraded it to a Business Platinum for 90,000 Membership Rewards the next day.

Bypassing Card Limits

Some banks have card limits preventing you from holding more than one of a particular card, and maybe you’d really like to have two of them. Card conversion is often a workaround. For example, what if the Chase Freedom Flex’s application terms & conditions limit you to one card? Easy, convert another Ultimate Rewards earning card to a Freedom Flex and you’ll bypass the limit.

Caveats

American Express rules for downgrading cards are perhaps better understood than any other major banks’ internal rules, however the advice there is likely good for keeping your accounts in good standing at any bank:

  • Keep a card open for a minimum of 12 months after opening
  • Never downgrade a card to a lower annual fee within 12 months of opening or upgrading

Good luck!

Converting the Amazon Prime credit card to trash.

In addition to the Citi ThankYou Point 25% transfer bonus for AirFrance/KLM FlyingBlue running through May 20, there are a couple of new bonuses that popped up on the radar over the weekend. Let’s go over them with a few sweet-spot hints (Editors note: I literally wrote suite-spot on the first draft. I wish I was intentionally that witty, but I’m not so I fixed the wording):

  1. American Express Membership Rewards has a 15% transfer bonus to Avianca LifeMiles (note that you have to login to see the offer). Hacks and sweet-spots:

    – Award chart anomalies, like JFK-Lisbon in business class for 35,000 miles or JFK-Zurich in coach for 16,500 miles (you can find these in other major North American cities too)
    – Flying to or from Europe in business class and taking a coach leg onto the end to lower the price
    – Economy flights to or from the Caribbean for 12,500 miles each way
    – Short haul domestic US economy for 7,500 miles each way

  2. Chase Ultimate Rewards has a 30% transfer bonus to Virgin Atlantic Flying Club. Hacks and sweet-spots:

    – ANA First Class to or from Japan for 55,000 to 60,000 miles each way
    – ANA Business Class to or from Japan for 45,000 to 47,500 miles each way
    – Delta One (Business Class) to or from Europe for 47,500 – 50,000 miles each way

Before transferring preemptively you should probably make sure that the awards you’re after have availability; getting award space is tough right now unless you’re willing to book in September or beyond, or if you’re willing to make Lubbock, TX your final destination.

The Virgin Atlantic Flying Club transfer bonus appears on radar.

Bank of America helps us wrap up the week with a twosome:

  1. BoA has a $500 sign-up bonus for a new business checking account funded with $20,000 and kept in the account for 90 days, though you can hack it by putting $20,000 there on day 30 and keeping it in place for days 31-90. To be eligible, you can’t have had a Bank of America business checking account within the last year.

    The effective APR on this deal is 10% if your money is held for 90 days, or 15% if you hack the bonus, so still probably worth your time.

  2. BoA also has a nice offer on the AirFrance/KLM FlyingBlue credit card. The current offer is 70,000 FlyingBlue points, a $100 statement credit, and 100 FlyingBlue XP (elite credits) after spending $2,000 in 90 days. There’s a $89 annual fee on the card.

    To see the offer do a dummy points or cash booking, though apparently not everyone can make the offer appear with a cash booking. Besides the miles, this sign-up bonus is useful for getting you half way to FlyingBlue Gold status which lets you book Air France La Premiere award tickets. Even better, open one now and second one in a few months to get the whole way to FlyingBlue Gold. (UPDATE: Vicky via MEAB slack let me know that you technically need 280 XP for Gold because your XP resets upon attaining Silver, and unfortunately the sign-up bonus XP points don’t stack. The anniversary XP bonuses do stack however.)

Have a nice weekend!

Pictured: Three AirFrance/KLM FlyingBlue elites

“United/Delta/Southwest/Alaska/Breeze/Whatever Air cancelled my flight from RNO–LBB, what does the airline owe me?” This question pops up on Flyertalk, reddit, Quora, and other random internet forums all the time, and the responses are often mostly wrong. If a carrier cancels your US domestic flight, you’re entitled to exactly one thing only by US DOT rules:

  • A full refund to your original form of payment

What about a hotel if I’m not rebooked until the next day? What about meals? What about booking me a new ticket on another airline? What if they rebook me on another flight number with the same departure time and the same arrival time as my canceled flight, on the same airline? What if I lost a multi-million dollar deal because I wasn’t there? What if I got divorced because I missed my flight?

Every single one of these questions has the same answer, and it was above: You’re entitled to a full refund to your original form of payment, and absolutely nothing else (this can be advantageous if you’re trying to turn a flight credit into a refund). Of course you may be able to sweet talk an airline customer service representative into plenty of other options but there’s no obligation for them to do anything but refund to your original form of payment.

If you’re ever stuck dealing with this you’ll probably find that quite a few customer service agents either don’t know the DOT rules, or they’ve been trained to never offer a refund and only give one when a customer pushes and knows their rights, so prepare for frustration if a refund is what you’re after.

Of course, cancelled flights on an international itinerary can give you more rights than you’ve got the in US, especially if your itinerary includes a stop in the European Union, so double-check the rules for any countries included in your itinerary too.

Of course plenty of credit cards offer trip interruption insurance provided you paid for the flight with that card (Chase Sapphire cards, American Express Platinum cards, Citi Prestige, etc.). Don’t grab one of these cards just for the insurance though, consider it an ancillary benefit if you already hold one.

Update: Justmeha reminded me that the Citi Prestige card no longer has trip interruption insurance.

Making the most of being stuck in a hotel gym, waiting for a new flight.