Tag Archives: Select_News

Discover Adds Permanent Exchange Options for Travel Credit Cards | Instant News



The Discover offers on this page are no longer available through CNBC. As a result, the Discover offers described on this page may be out of date, so if your travel credit card hasn’t been used that much lately, it’s likely your card issuer is aware of it. Many issuers are adjusting their rewards programs to provide more benefits to consumers who are not traveling due to the coronavirus. Discover is the latest issuer to change their travel card and today announced that Discover it card holders ® Miles can now permanently redeem miles as statement credit for restaurant and gas station purchases. Customers continue to earn 1.5X miles for every dollar spent on all purchases. “The pandemic has transformed the way customers travel and we are making changes to our travel credit card to reflect that,” Meera Sridharan, vice president of rewards and product strategy at Discover, said in the statement. hurry. “The Discover it® Miles card has expanded redemption categories to be more relevant to customers who are rethinking the way to travel while continuing to provide an easy way to earn rewards on every purchase.” Previously, statement credit refunds were limited to travel purchases. Now, the newly expanded travel credit can be applied to all qualifying restaurant and gas station transactions made on or after June 9, 2020. In addition to redeeming miles for statement credit, holders of card can still redeem miles for cash in a linked bank account. or to offset purchases on Amazon.com or PayPal. Discovery’s change is similar to how Capital One extended redemption options for Venture and Spark Miles cardholders through September 30, 2020 to include other statement credit options, such as food delivery, takeout, and streaming services. Discover it® Miles information has been independently collected by CNBC and has not been reviewed or provided by the card issuer prior to publication Editorial Note: Any opinions, analysis, criticism or recommendations expressed in this article are those of CNBC Select Editorial Staff only and have not been reviewed, endorsed or otherwise approved by any third party. .



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Citi Extends the Welcome Bonus and Extends Citi Prestige Travel Credit to Restaurants, Groceries | Instant News



Citi is an advertising partner. CNBC Select can receive affiliate commissions when you click on links for products from our partners. This commission does not affect the opinions, recommendations or placement of any products on our site. Citi joined with many other credit card issuers, including American Express, Chase, and Bank of America, in offering more time to new cardholders who were eligible to receive a welcome bonus. As with other publishers, Citi extends the time period to get bonuses of up to three months. Acceptable Citi card holders include those who have applied for a new credit card between 1 December 2019 and 31 May 2020. These eligibility requirements are the same as Amex and are broader than Chase and Bank of America. So if you open a new Citi card, like the Citi Rewards + ℠ card, between now and May 31, you will have an extended six month income period that lasts until November 30 (compared to the typical three months). The minimum spending requirements for getting a bonus have not changed; You only need twice as long to spend now. In addition to providing a welcome bonus extension, Citi has made a few temporary changes to the Citi Prestige® Card, which we describe below. travel credit for eligible purchases in supermarkets and restaurants, in addition to travel – a major boon for cardholders who have missed the full value of this benefit this year. This travel credit renewal is good now until December 31, 2020. To qualify, you must have a Citi Prestige account open when the credit statement is posted. That means if you make $ 250 in eligible purchases and close your account before receiving credit, you will lose. Note that some restaurant purchases will not count toward travel credit. They include expenditures at bakeries, caterers and restaurants located within other companies (such as vendors inside hotels, department stores, grocery stores, discounts and grocery stores or warehouse clubs). And supermarket purchases that do not include markets, drug stores, warehouse clubs, wholesale clubs, specialty vendors, bakeries, and food kit delivery services, among others. Learn more about how Citi classifies bonus category purchases. Don’t miss: Citi announced new prizes and changes to benefits for the Citi Premier℠ Card starting this summer. Information about the Citi Prestige® Card has been collected independently by CNBC and has not been reviewed or provided by the card issuer before it is issued. Oversight Note: Opinions, analyzes, reviews or recommendations expressed in this article are the property of CNBC Select editorial staff only, and have not been reviewed, approved, or endorsed by any third party. .



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