Several new Chase credit card offers came out including a 100,000 bonus for the United Business card and 140,00 points for the IHG Premier. FICO s scores will be changing under a new model, and Norweigan Airlines is now charging for carry-on bags.
Chase United Business 100,000 Miles Offer
Chase is now offering 100,000 United Miles on both their United Business and United Club Business cards through April 2, 2020.
The cards do require a high minimum spend of $10,000 in purchases in the first 3 months, but this one of the best offers for this card.
The annual fee has increased to $99 per year on the United Business card, but you now get several new benefits:
- $100 annual travel credit after 7 United purchases over $100.
- 5,000 point anniversary bonus when you have both the United Explorer and United Business card.
- 25% back on in-flight purchases.
- 2x miles on local transit, ride-sharing, taxis, and tolls.
United also has new offers for the United Explorer (60,000 miles for $3,000 in spending within the first three months plus a waived annual fee) and United Club (75,000 miles after $3,000 in spending in the first three months)
Chase IHG Premier 150,000 Point Offer
Chase also released a new high bonus on the IHG Premier credit card of 140,000 points for $3,000 on purchases within 3 months.
The card is subject to the Chase 5/24 Rule, but it comes with free anniversary night (40,000 points or less), fourth night free on award stays, Global Entry credit, and IHG Platinum Elite Status.
I have this card and keep it for the free anniversary hotel night. You are basically paying $89 each year for a discounted hotel night that is typically around $150. The 140,000 bonus is the highest ever on this card, which is roughly worth about 3-4 hotel nights at a mid-range hotel.
FICO Score Changes Are Coming
The Wall Street Journal is reporting that FICO scores will soon be changing under a new version called Fico 10 T. Consumers’ scores will be treated more harshly if they have rising debt levels, fall behind on loan payments, or take out personal loans.
The new FICO 10 T model will also assess consumers’ debt levels for a 2+ years instead of monthly under the previous model. The new model will also hurt consumers who hold balances using 0% APR offers or have a high “utilization” ratio.
- Norwegian Airlines will now start charging $8-12 for a full size carry on flights booked after January 23, 2020. Norwegian also increased the checked bag maximum weight from 20 kgs to 23 kgs (50.7 pounds). [Norwegian]
- Malyasia Airlines is in financial trouble. They need $5.15 billion of government assistance over the next five years. The airline is owned by Malaysia’s sovereign wealth fund, which will need to inject money into the airline to pay off the loan due on six of the airlines’s Airbus A380s.
- Cathay Pacific issued a travel waiver on all mainland China flights until the end of February due to an outbreak of the deadly Coronavirus.
- Volaris, the Mexican ultra-low-coast carrier, is adding new U.S. routes from Leon/Guanajuato, Mexico to Chicago (ORD), Las Vegas (LAS), and Dallas (DFW). Volaris also adding flights between Dallas (DFW) to Zacatecas, Mexico, and Los Angeles (LAX) and Cancun (seasonal). [Routes Online]
- Condor, which was previously owned by now-defunct Thomas Cook, will be bought by the Polish Aviation Group, who is the parent company of LOT Polish Airlines.
- Pakistan International Airlines (PIA) is planning a direct flight between New York and Islamabad in later 2020. PIA abandoned the route in 2017. However, PIA is generally known as one of the worst airlines in the world.
- Frontier Airlines dropped Lafayette, Louisana. Frontier operated seasonal service to Florida and Denver but decided not to continue their seasonal service this year.
- Istanbul Airport installed sleeping pods that you can rent by the hour for about $6 per hour between 7 am and 7 pm, and $9 per hour between 7 pm and 7 am.
- Delta is resuming their seasonal New York-JFK to Grand Cayman weekly flight on Saturdays, which was previously active in 2016.
In Other News
- Chase CEO Jamie Dimon was awarded $31.5 million in total compensation for 2019, after the bank posted record profit for the second year in a row.
- NYC’s city council approved a bill by a vote of 43-3 that bans cashless stores. The bill is expected to be approved by NYC Mayor Bill de Blasio. [Bloomberg]