Monthly Archives

Monthly Archives for September 2016.

What Credit Score it Takes to Get Approved for the Best Rewards Credit Cards

credit cards
Sep 01 2016

I’ve signed up for scores of cards over many years and I still have an excellent credit score, it was nearly 800 FICO on the three major credit bureaus when I went to get my mortgage. In part because of signing up for more cards, rather than in spite of it.

It often surprises me though how many credit cards are approved for consumers with much lower credit scores than I’d have expected. It turns out there’s data for that.

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Hyatt Devalued Redemptions at 16 Properties Without Notice: Here’s What Happened

Sep 01 2016

Hyatt used to let you book a ‘studio’ room at their Hyatt Residence Club (timeshare) properties for 12,000 points per night — flat — regardless of property. The price was the same regardless of property and had remained fixed this way for many years. Higher level rooms were available at fixed prices as well.

When Hyatt made changes to award prices at several hotels August 1 they also made changes to the redemption structure for Hyatt Residence Club properties. Only they didn’t announce those changes in advance.

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American Airlines Doesn’t Know When It Will Finish the US Airways Merger

Sep 01 2016

American Airlines was behind United and Delta in devaluing its award chart and its elite program because it had bigger fish to fry. Finishing the US Airways merger came first. The internal mantra was “integrate before we innovate.”

But key elements of backend integration are slipping, there are huge gaps in American’s IT that drive customer service costs and limit revenue growth, while American focuses on reprogramming who gets upgrades.

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