Increase in credit card offers and incentives
A lot of credit card customers are finding 4 or 5 credit card offers everyday in their mailbox. Some customers believe this could be because the economy is recovering. By the end of the year, as many as 2.25 billion customers would have been offered solicitations for credit cards. This number represents an increase from the previous year`s number by 62%. Marketing in many card companies has returned to the levels where it was before the crisis started. There was a lot of talk about high interest rates and very few incentives amidst the economic gloom in the early part of the year.
However, as the year has passed more and more credit card offers had started appearing in the mailboxes of credit card customers. Along with the new offers, credit card customers are also being offered a lot of new incentives. The most popular of these reward programs include cash back offers. It is expected that the cash back credit cards would be issued at the same levels as before the credit crisis. A good example is the Chase Freedom Visa, which offers cash back of 100 dollars if the cardholder spends 799 dollars on the purchases within the first 3 months of the opening of the credit card account. A 5% cash back is being offered by Discount for up to 300 dollars on purchases in specific categories. There are other reward cards too like the travel cards which are mostly offered to the customers with high credit scores.
Latest Credit Card Rewards News
If you are lucky to own one of the Discover cashback bonus credit cards i.e. the Discover it® Cash Back, the Discover it® Balance Transfer, the Discover it® Student Cash Back or the NHL® Discover it® credit card, you most probably know that May brings the beginning of activating the 3rd quarter 5% cashback bonus category. But are you hip to the latest news about the categories update?
On April 22 the Canadian direct bank Tangerine Bank introduced an improved sign-up bonus offer for their no-annual fee cash back credit card – the Tangerine Money-Back Credit Card. Founded by ING Group in 1997, Tangerine Bank was acquired by Scotiabank in 2012 and now besides the Mastercard cash back card offers savings and chequing accounts, mutual funds and mortgages.
Capital One cardholders have a great opportunity to get cash for miles earned with the Venture Rewards or the VentureOne Rewards cards. The advertising says: “Just pick up and go.” And in fact, Venture travel rewards cards make it easy to earn unlimited miles and redeem for any recent travel purchase.
The inaugural J.D. Power Credit Card Satisfaction Study found that when it comes to choosing a credit card, it’s all about rewards. But just offering rewards isn’t enough: cardholders have to understand how to redeem them, as well.
Travelers will be able to collect more points and take advantage of more special features with the new and improved Southwest Rapid Rewards Priority card, which is offering a limited-time introductory bonus of up to 65,000 reward points. This is more than half the points needed to get a companion pass, once they’ve spent the required amount on the card.