Bank Of America Will Introduce Annual Fees Next Year On Some Cards

Bank Of America Will Introduce Annual Fees Next Year On Some Cards

Bank of America has announced that it plans on “testing” annual fees on some of its reward cards starting next year. The odds are good you won’t see this—a BoA spokeswoman says it will only be tested on 1 percent of accounts globally—but who knows? Maybe the BoA Fairy will smack you down.

Best Buy Shrinks Reward Zone Program

Best Buy Shrinks Reward Zone Program

Reader IfThenElvis forwarded us the following email he received alerting him to changes in the Reward Zone program from Best Buy. He adds, “I can’t tell if this is good new or not. I suspect not.” It’s not the end of the world or anything, but it definitely marks a slight constriction in the program.

Citibank Comes Up With Elaborate Cash Back Offer That Reduces Credit Limit And Temporarily Suspends Card

Citibank Comes Up With Elaborate Cash Back Offer That Reduces Credit Limit And Temporarily Suspends Card

Compared to what some other banks and card companies are doing to reduce their exposure to debt, we guess Citibank’s cash back offer isn’t that bad—it’s sort of a “let us help you help yourself get rid of your debt” scheme. It’s funny, however, if only because it’s such an elaborate way to get customers to self-select for a reduction in credit.

Are You A Deadbeat? Suddenly You're Attractive To Card Companies Again

Are You A Deadbeat? Suddenly You're Attractive To Card Companies Again

“Revolvers”—customers who keep a revolving balance on their credit cards—used to be the cash crop for credit card companies. But now more and more of them are turning into expensive charge-offs, and the new CARD act is going to make it harder to acquire those riskier customers anyway. As a result, card companies are beginning to look more closely at the customer who was most hated back in the credit-orgy years: the deadbeat.

Get The Best Cash Back Credit Card

Get The Best Cash Back Credit Card

Tired of using a two credit card system to maximize his cash back returns, I did an analysis to determine the single best cash back credit card. Here’s what I found:

http://consumerist.com/2009/03/13/bank-of-america-has-launched/

Bank of America has launched a new cash-back reward program called “Add it Up,” where money is deposited in your bank account when you shop from partner retailers. For example, they offer 1% cash back on every dollar spent at Newegg, and 5% for every dollar spent at CompUSA. [Dallas Morning News]

ThankYou Network Announces Changes To Its Rewards Program

ThankYou Network Announces Changes To Its Rewards Program

What’s going to happen with Citibank’s ThankYou Network on March 1st? Is Vikram Pandit going to convert all of your points into executive bonuses? Will it be nationalized?!? Um, no, but here’s a copy of the letter one of our readers received today announcing the changes that are going in place next week.

'My Coke Rewards' Program Grows Authentically Smaller, Less Rewarding

'My Coke Rewards' Program Grows Authentically Smaller, Less Rewarding

If you have a large number of points you better use them in the next few weeks, or be content with getting a large amount of Coke-branded clothing.

Meet United Airlines' Less-Valued Customers!

Meet United Airlines' Less-Valued Customers!

We understand that airlines have to bend over backwards to attract and retain lucrative business travelers. We get it. Sadly, it seems that some airlines are running out of obsequious language that manages not to be insulting to the “rest of us.”

Best Buy Trained MePossibly Trained Other Employees I Heard About To Commit Credit Card Fraud, And 4 More Bad Things

Best Buy Trained MePossibly Trained Other Employees I Heard About To Commit Credit Card Fraud, And 4 More Bad Things

A commenter to our Worst Company in America nominations picked Best Buy, his employer of six years, to win it all. His reasons, including the credit card fraud, phony bundling scams, and other schemes they made him do to keep his job he heard rumors about happening at other Best Buys, inside. UPDATE: The original commenter has contacted us to say that these things did not actually happen to him and he was not trained to do them by Best Buy. Rather, he heard about them happening at other Best Buys or read about them in other Consumerist articles, and, in a pique of anger, wrote a long comment that remixed all this information together and framed it as if it happened to him. Consumerist regrets the error, and the commenter has been banned.

Check Your Starbucks Receipts, You May Be Getting Screwed Out Of Free Refills, Syrup

Check Your Starbucks Receipts, You May Be Getting Screwed Out Of Free Refills, Syrup

Over at Racked, a reader is reporting that despite taking advantage of Starbucks new “reward card” they were being screwed out of the promised free syrup. What’s up with that, Starbucks?

Iowa Best Buy Won't Sell To You Unless You Sign Up For Rewards Card?

Iowa Best Buy Won't Sell To You Unless You Sign Up For Rewards Card?

Customer's EECB To Best Buy Scores Direct Hit—Rewards Glitch Is Fixed, Plus Here's $75

Customer's EECB To Best Buy Scores Direct Hit—Rewards Glitch Is Fixed, Plus Here's $75

A few weeks ago, Zach emailed us to say that his Rewards Zone Mastercard hasn’t worked properly in the five months he’s had it, and no one at Best Buy had been able to help. We pointed him to our Guide To Fighting Back, and he responded tonight with an update.

Save On Medical Expenses With Healthcare Credit Cards

Save On Medical Expenses With Healthcare Credit Cards

Citibank and Bank of America both offer special credit card programs based on health and medical expenses. If you’re disciplined about not carrying revolving debt, and you have recurring medical expenses, they can help reduce your total cost over a year. Bank of America’s cards are point-based programs—if you’ve got Aetna insurance, you can accumulate points that you can turn into “cash direct deposits to a health savings account, or other standard rewards.” Caremark members can redeem points for awards only, although BoA’s standard awards catalogue “includes health and wellness products like fitness equipment and blood pressure monitors.”

6 Reasons To Keep More Than One Credit Card

6 Reasons To Keep More Than One Credit Card

Keeping a second credit card won’t lead to financial ruin, and may prove useful in several situations. Bankrate offers six reasons to stash away a spare card.

Congratulations, You've Earned $0.00 Borders Bucks!

Congratulations, You've Earned $0.00 Borders Bucks!

Remember Allison? Borders refused to sell her a copy of Harry Potter without a plastic bag to serve as a proof of purchase. Allison recently received an email from Borders inviting her to print out a certificate to redeem $0.00 Borders Bucks. How lucrative wasteful. Allison writes:

US Airways Rewards Customers By Threatening To Charge Them $25 For Inactivity

US Airways Rewards Customers By Threatening To Charge Them $25 For Inactivity

A reader has forwarded us an obnoxious notice from US Airways that explains how they “reward” their frequent flyer program members: by charging them $25 if they’re not active enough. So what are the best ways to remain active without spending $25 or making an unnecessary ticket purchase?

http://consumerist.com/2007/10/04/dont-buy-grades-from-your/

Don’t buy grades from your kids, cautions Kiplinger—it’s a slippery slope, and confuses the issue, which should be about achievement and investing in the future rather than turning eduction into a Rewards Program that will eventually run dry or lose its appeal. [Kiplinger]