Wednesday, February 3, 2016

February 2016 credit card updates

So by now, most people would have heard about the recent change ups in the way Amex handles its prepaid cards such as Serve or Bluebird among others - the primary tool for those that want to increase the credit card spend. It was shut down massively across for many people and blogosphere erupted one fine day about so many cancellations. This method is all but over with those that persisting with spending via serve or bluebird or any similar cards just inviting it from the big banks to shut down their accounts. So whats left? Well, it is pretty much legitimate spending that is left! Never ever do manufactured spend or needless spending and in any case the system has caught up to those that do and really the only avenues left are using the credit cards for just and legit spends.
Now with that in mind, let us look at some good cards going on as of February 2016:
Chase Sapphire: Pretty good for new comers with 50k points bonus offer.
Chase Ink: For those with business, with 60k points.
Alliant Credit Union: Yes, a credit union is finally coming up with something strong. They have one of the best offers right now with 30k points. Pretty high for very low spending requirement. Details below.
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This is a pretty good deal. Lot of redemption options are there including cash back and booking for airlines. Details below:
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The selection on gift cards are also very good on this site. And there is no fee on this card. So in all, a very good deal!
For Business users, Capital One has the Venture and Spark cards with 50k points offer.
There is also the better SimplyCash from Amex with about $250 bonus offer.
The rest of the cards are as listed in the top cards section of this website. No major changes so far in 2016. Let us see how this industry shapes up thru this year.