Description: The article is about costco citi visa login. The author is mainly going to round up all of the devaluations which have happened from this week, show us the southwest points we may gain within one calendar year if we use the card, and analyse several solutions offered by MasterCard.
It’s a passion for masks IB, today we are going to round up all of the devaluations that have happened from this past week, there are quite a few and we have discussed some of them, so specifically, if you want a bit more information on that, I’d recommend watching yesterday’s video, because we talked about that one at nauseam, so let’s skip that one for today, because it’s done instead.
Let’s start off with a different issue where specifically Citibank where they are going to downgrade price rewind in the past, it used to be a five hundred dollar cap per item and twenty five hundred dollars per year and moving forward starting on July 29th of 2018.
It’s going to be $200 per purchase and $1,000 per year, obviously, this is not a good change given that City probably had one of the better products regarding price matching in terms of ease of use, so we are mostly left of chase now are probably, an update video for this in the future.
But the main takeaway is that American Express does not offer price protection chase does and they do a good job of it Discover does as well, but they don’t offer a lot of the other protections like extended warranty, we are typically using price protection, you’re probably buying something relatively big.
So you do want that extended warranty city with this update, put it in the gray zone, because it still does exist, but it’s not as good as it used to be, MasterCard also offers a similar solution, but there are a lot more limitations and it is harder to do claims.
I think for most people Chase is going to be the clear winner moving forward, if it is for someone who makes a lot of big purchases than that, the chase freedom unlimited is probably going to be your go-to bet given that he gives you 1.5 expect on all of your transactions.
It’s a card that you should never get rid of, so as long as you make the purchase on that card, as long as you have the card at the time that you want to do any claims, whether it’s price protection or purchase protection or extended warranty, then you’re going to be fine.
You’re probably either going to keep that card or maybe product change it to freedom, but product changing isn’t an issue as long as the core accounts is still alive.
Another thing to note is that there are also updated items that are no longer going to be covered specifically consumables tires watches firearms ammunition as well as other prices related to warehouse clubs. I don’t remember this off the top of my head, but I believe most of other merchants don’t cover a lot of these so tires as well as watches being very good example.
It is consistent of other issuers dive into the nitty-gritty details in a future video, but this is what you need to know for now.
Next we have Southwest where they are going to lower the value of their points moving forwards, there’s a lot to take in here, but the main takeaway is that the points are going to be worth relatively less moving forwards in the past.
You were getting significantly more value when you found cheap flights, for example, this reddit user previously valued the points at about one point six one cents per point now at about one point four eight cents per point, so that’s going to be a zero point one three drop about eight percents as a reminder.
D valuations are common within this industry, so credit cards as well as Airlines and hotel rewards, it’s something that you need to expect, so you have to balance it whether you want to burn the points now or whether you’re saving up for a big Redemption.
I know some people in the comments are probably going to mention that this is why cash back is significantly better, because they can’t get devalued and even though that might be true, if you are someone that travels, you’re probably still getting about twice the value that you would.
Otherwise, you may get from cash back continuing with Southwest, they recently made a change, making it significantly more difficult to get the companion pass from getting sign-up bonuses in case you’re not aware in order to get companion pass.
You needed to get a hundred and ten thousand Southwest points within one calendar year, so you needed to do it all in one specific year, not two years, the easiest way to do this was to get two different Southwest cards, so either the Southwest Plus self US premier or to get the business card, the new rule says that you can’t hold two personal cards at the same time.
So a way to think of it is that it’s similar to the one sapphire role for the Chase Sapphire Preferred in the reserve meaning that the only options to get companion pass from credit cards is going to be picking one of the two personal cards and then grabbing the business card for some people.
This isn’t going to affect them, because this was already their plan, but for other people, especially people who are not comfortable applying for business cards or who don’t have sole proprietorships, then they’re in a weird spot, because it’s going to either make a pen and pass very difficult or impossible in case you’re wondering you cannot transfer points over from Chase or from anywhere else in order to qualify for campaña pass.
Even if you have a bunch of alternative reward points, you can transfer it over, but it’s not going to count towards companion pass.
The other main alternative is going to be to spend a lot of money on the southwest card in order to earn enough miles to hit that 110 K mark unless you’re a business traveler or unless you’re someone who has a big family who travels quite frequently with all the family members.
This probably isn’t going to be that possible, so I would strongly consider looking into that business card route, because that’s probably going to make the most sense as a reminder, the Southwest cards are affected by 5:24, so if you have five or more new credit cards in the last twenty four months, then you will not be eligible for these cards.
If you apply for them to automatically be rejected and the message that they’re going to say is that you’ve had too many new accounts in the last 24 months, if you are someone who’s looking to apply for a new card and you want to navigate and strategize beast’ off the current landscape, feel free to fill out a consultation on our website that way.
We can talk about strategy, overall, there are a lot of changes and most of it should be devaluations, so not necessarily great, but you need to basically adjust course based off the current landscape, I know a lot of people who are thinking that I’m going to close my accounts, because Southwest has devalued it, because I hate, I see or chased or whatever else.
But that does not help you, so you might argue, it might make you feel better in the short term, but it’s not a good long-term play devaluations which are part of the process, so stay rational and focus on the long term value when the expected value that you’re getting from your cards.
So I hope that was helpful and let me know if you have any questions, my question for you is what are your thoughts on any of these changes, let me know in the comments down below, if you like this video, give it a thumbs up, it helps us out and if you know anyone else who’d benefit from what we talked about, feel free to share this video with them, because it’s probably going to help them out, see you next time.