Should I Ever Cancel My Credit Card?

Lifestyles, spending habits, living arrangements and financial situations can all change rapidly. These changes can make you question the benefits of holding certain credit cards any longer.

The temptation to close a credit card you no longer use, or one you pay an annual fee for, can be high.

Yet, closing a credit card is not a decision you should take lightly.

The Basics of Chase Ultimate Rewards

The world of credit card rewards programs can be confusing and intimidating. It may be daunting at first, but once you understand how these programs work, you will see just how valuable they are.

This article is intended to give you the basic tools you need to use one of the most powerful and versatile rewards programs out there: Chase Ultimate Rewards.

What Are Chase Ultimate Rewards Points?

Chase Ultimate Rewards points are a transferable loyalty currency that can be redeemed for cash back, flights, hotel stays, shopping and even exclusive experiences.

Team Article: 3 Credit Cards We’ll Never Close

With a wallet full of credit cards, it's best practice to commonly assess your credit card portfolio to ensure that the benefits you receive from the cards outweigh the annual fees that you pay. If not, it's time to close that card or cards in most cases.

Comparing Chase’s Ink Business Cards: Which One Is Right for You?

If we were to start handing out awards here at MileValue, we can officially declare Chase the winner of some of the most exciting updates in the credit card marketplace for September 2020. Between updating the welcome bonus on the Chase Sapphire Preferred, and improving the Chase Freedom Unlimited® and the introduction of the Chase Freedom Flex℠, Chase has been all over the news in the points and miles world as of late.

And guess what: they’re back in the news again.

Credit Card Reward Programs for Travelers: An Introduction

In the coming weeks we’ll be looking at different types of credit cards and their reward programs, with an aim to introduce you to those frequently used by travelers. Such a topic can be divided into three categories: transferable programs, airline and hotel branded cards, and fixed point value cards.

Economics of Churning: Who Pays for Those Credit Card Bonuses?

An interesting post on Reddit caught my eye called "The Economics of Churning: who pays for the rewards?"

("Churning" is the milesphere's term for opening cards, getting their bonuses, closing the cards, and repeating.)

While I don't agree with the post's conclusions about who pays for rewards, it does present a lot of interesting information for anyone who wants to understand the business of credit cards a little bit better.

Poster Buddy5000 writes:
I do have an undergraduate and graduate degree in business.

What to Do If You Aren’t Instantly Approved for the Citi Prestige

This offer is expired. See the new offer and analysis here.

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A few readers have reported to me that they applied for the Citi Prestige® Card and either got a response that their application was pending or denied. What are their options?

The Citi Prestige® Card has been one of my favorite cards since I got it in March.

The Three Cards I Just Applied For

I just applied for three cards:

Citi Executive American Airlines card
Alaska Airlines Personal Card
Alaska Airlines Business Card

I'll earn 165,000 very valuable miles after spending $10,000 in three months on these cards. Miles that I value at around $3,000. Miles that can get me back into Cathay Pacific First Class or Emirates First Class.

My Cathay Pacific First Class Bed

It had been about three-and-a-half months since my last applications, and I always like to wait at least 91+ days between applications.

LifeMiles Visa Signature Offers 40,000 Mile Signup Bonus

I received a great TACA/Avianca LifeMiles credit card offer in my email inbox late last week. The LifeMiles Visa Signature card is offering 40,000 LifeMiles after spending $3k in the first 90 days.

20k miles are awarded after making your first purchase and you receive an additional 20k miles after spending $3,000 in the first three months of card membership.