Recent Snow on Maui Submitted by Aloha Stephen
In a Bloomberg article entitled “Rewards Junkie May Turn to Smaller Banks for Best Debit Perks,” the reporters go into great detail on the regulations that are forcing big banks out of the debit card business. The article even quotes the day Chase is pulling out — February 8th — so I guess we now know we won’t see them return for the Chase Continental debit card bonanza.
The article suggests these types of awards may continue at smaller banks with their individual rewards programs. I hope that includes Suntrust, but I now have my doubts about that one for the fall of 2011.
Although this appears to be a loss for the frequent flier community, I’m hoping that, together, we can find small and regional banks with offers better than they truly understand.
I’ll miss my 50,000 annual Continental miles and maybe the Delta windfall as well. But I’m not giving up hope that we can find better deals.We always have. We always will!
IHG® Rewards Club Select Credit Card
- Annual Fee: $49 fee waived for the first year
- Foreign Fees: No
- Card Type: Hotel
The IHG Rewards Club Visa is often cited as one of the most underrated hotel credit cards, with good reason. The official offer is for 70,000 points after $1,000 spent within three months, with the first year’s fee waived. The card comes with an annual free night certificate that can be used at any IHG property, including Intercontinental hotels - making this certificate worth upwards of 50,000 points. This is far more generous than some other hotel cards, which limit the categories in which free night certificates can be redeemed.
Cardholders earn 5 points per dollar at IHG hotels; 2 points per dollar at gas stations, grocery stores, and restaurants; 1 point per dollar everywhere else. Moreover, you’ll get a 10% rebate on award redemptions, up to 100,000 points per year. The card also comes with Platinum status, though that doesn’t get you much with IHG. Still, this is a fantastic card to have in your wallet, with benefits that far outweigh the already low $49 annual fee.
- Earn 70,000 bonus points after you spend $1,000 in the first 3 months of account opening
- Enjoy a free night of card membership at over 4,700 hotels worldwide
- Earn 5 points for each $1 spent at our hotels
- Earn 2 points per $1 spent on purchases at gas stations, grocery stores and restaurants
- Bonus points redeemable at hotels such as Intercontinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts and Holiday Inn®
- Automatic platinum elite status, as long as you remain a cardmember
- $0 introductory annual fee the first year, then $49