{"id":9627,"date":"2024-05-08T04:00:00","date_gmt":"2024-05-08T10:00:00","guid":{"rendered":"https:\/\/milesearnandburn.com\/?p=9627"},"modified":"2024-05-08T10:59:06","modified_gmt":"2024-05-08T16:59:06","slug":"wednesdays-credit-card-news","status":"publish","type":"post","link":"https:\/\/milesearnandburn.com\/index.php\/2024\/05\/08\/wednesdays-credit-card-news\/","title":{"rendered":"Wednesday&#8217;s Credit Card News"},"content":{"rendered":"\n<p>Finally our long-lasting struggle as a species is over:  It&#8217;s <a href=\"https:\/\/www.youtube.com\/watch?v=npjF032TDDQ\" class=\"ek-link\">not raining tacos<\/a> anymore, but instead it&#8217;s raining Avios, or at least drizzling them.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">New Cards<\/h2>\n\n\n\n<p>Two new cards issued by Cardless entered the market yesterday. Taken at face value they barely qualify for <a href=\"https:\/\/www.reddit.com\/r\/mildlyinteresting\/\" class=\"ek-link\">\/r\/mildlyinteresting<\/a> content, but since when do we take anything at face value around here?<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Cardless Privilege Club Infinite<\/h4>\n\n\n\n<p>This is an all time high (and all time low) sign-up bonus (<a href=\"https:\/\/qatarairways.cardless.com\/compare\/waitlist-offer\" class=\"ek-link\">affiliate link free application<\/a>):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>25,000 Avios after one transaction<\/li>\n\n\n\n<li>25,000 Avios after spending $5,000 in 90 days<\/li>\n\n\n\n<li>10,000 Avios if you apply by June 4<\/li>\n\n\n\n<li>150 Qpoints toward status<\/li>\n\n\n\n<li>$499 annual fee<\/li>\n<\/ul>\n\n\n\n<p>Ongoing spend:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>5x on Qatar<\/li>\n\n\n\n<li>3x on &#8220;restaurant spends&#8221; (yes, that&#8217;s the term they use)<\/li>\n\n\n\n<li>1x elsewhere<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Cardless Privilege Club Signature<\/h4>\n\n\n\n<p>This is also an all time high (and all time low) sign-up bonus (<a class=\"ek-link\" href=\"https:\/\/qatarairways.cardless.com\/compare\/waitlist-offer\">affiliate link free application<\/a>):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>20,000 Avios after one transaction<\/li>\n\n\n\n<li>20,000 Avois after spending $3,000 in 90 days<\/li>\n\n\n\n<li>10,000 Avios if you apply by June 4<\/li>\n\n\n\n<li>$99 annual fee<\/li>\n<\/ul>\n\n\n\n<p>Ongoing spend:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>4x on Qatar<\/li>\n\n\n\n<li>2x on &#8220;restaurant spends&#8221; (yes, they kept it the same the second time)<\/li>\n\n\n\n<li>1x elsewhere<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Bonuses on Old Cards<\/h2>\n\n\n\n<p>Other Avios cards that aren&#8217;t issued by Cardless are joining the party too: <a href=\"https:\/\/www.doctorofcredit.com\/chase-british-airways-85000-point-bonus-after-5000-in-spend-aer-lingus-iberia\/\" class=\"ek-link\">Chase&#8217;s Avios cards have sign-up bonuses of 85,000 Avios after $5,000 spend in three months.<\/a> All of these have had better offers in the 100,000 to 130,000 points range the past and will probably have better offers in the future though, so I see little to no reason to pay any attention.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">MEAB Commentary<\/h2>\n\n\n\n<p>Remember, Chase Ultimate Rewards, Citi ThankYou Points, American Express Membership Rewards, and Capital One miles all transfer to at least one Avios partner, and Avios miles can <a href=\"http:\/\/avios.com\" class=\"ek-link\">mostly be transferred freely between all partners at Avios.com<\/a>. That means that each of the sign-up bonuses mentioned above should be compared with an average sign-up bonus for flexible currency cards, like the Ink Preferred or Venture X Business card. That generally makes the Avios cards a bad deal.<\/p>\n\n\n\n<p>There is a specific use case that changes everything though, especially if you have a way to manufacture &#8220;restaurant spends&#8221; with the Cardless Infinite card. <s>Qatar&#8217;s status <a href=\"https:\/\/legal.cardless.com\/offer_terms\/waitlist\/qatar_signature\/qatar_signature_offer_terms.pdf\" class=\"ek-link\">Qpoints are earned based<\/a> on non-promotional Avios earning, <em>not<\/em> based on total spend. So, $500 in &#8220;restaurant spends&#8221; on the Infinite card will earn you 1,500 Avios and 2 QP, which means you can earn Gold status with 450 QP from spend and 150 QP from the sign-up bonus, all for only $112,500 in restaurant spends.<\/s> <em>UPDATE: I&#8217;m not sure how I missed it, but the Infinite card gives you Gold status in the first year without any need for restaurant spends. Thanks to Eric for letting me know.<\/em><\/p>\n\n\n\n<p>Qatar Gold status will earn you oneworld Sapphire, which will get you access to AA lounges including Flagship lounges even on domestic flights, and it&#8217;ll get you into much nicer oneworld alliance member lounges too. You can also retain status with 270 QP in subsequent years, so you&#8217;ll only need $67,500 in restaurant spends to renew.<\/p>\n\n\n\n<p>Good luck, and happy Wednesday friends!<\/p>\n\n\n<div class=\"wp-block-image is-style-editorskit-rounded\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"965\" src=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2024\/05\/onion-impailed.png\" alt=\"\" class=\"wp-image-9628\" style=\"width:420px\" srcset=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2024\/05\/onion-impailed.png 960w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2024\/05\/onion-impailed-298x300.png 298w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2024\/05\/onion-impailed-150x150.png 150w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2024\/05\/onion-impailed-768x772.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center\" style=\"font-size:14px\">The Qatar status program visualized (from <a href=\"https:\/\/www.reddit.com\/r\/mildlyinteresting\/comments\/1cmdmuq\/the_time_an_onion_was_impaled_on_my_teaspoon\/\" class=\"ek-link\">\/r\/mildlyinteresting<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finally our long-lasting struggle as a species is over: It&#8217;s not raining tacos anymore, but instead it&#8217;s raining Avios, or at least drizzling them. New<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[54,64,62],"tags":[],"class_list":["post-9627","post","type-post","status-publish","format-standard","hentry","category-credit-cards","category-points","category-shenanigans"],"_links":{"self":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/9627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/comments?post=9627"}],"version-history":[{"count":5,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/9627\/revisions"}],"predecessor-version":[{"id":9636,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/9627\/revisions\/9636"}],"wp:attachment":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/media?parent=9627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/categories?post=9627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/tags?post=9627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}