Tesco drops the Tesco Premium Credit Card

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• Ian says:

  14 Jun14 June 05:54

  There won’t be many points earning cards left at all soon.

  Is there any news short and long term on the future of the SPG Amex? Will it be renamed at the end of the year to match the new Marriott Rewards program? As it’s a co-brand card it’s hit by the 0.3% interchange fee cap, so surely it’s days are numbered in it’s current format and decent earning rate?

  • shd says:

    14 Jun14 June 09:30

    I contacted Amex earlier this week to cancel my SPG Amex and they were very keen to get me to talk to their retention team, was on the move so haven’t yet called.

    Any thoughts on what they might offer me / what I could or should ask for?

    • Genghis says:

      14 Jun14 June 09:32

      Double SPG points for 3 months most likely

      • shd says:

        14 Jun14 June 10:09

        Thanks!

        However in that case I’m not going to bother calling, better to close now and hope for another application before the end of the year, if the card survives that long 🙂

      • RussellH says:

        14 Jun14 June 10:11

        That is what I got at the beginning of the year.
        I said then that I thoght it augured well for the future of the card.

    • Hsergio10 says:

      14 Jun14 June 12:25

      I got 2K points for my retention offer on SPG.

    • Alex W says:

      14 Jun14 June 12:40

      I cancelled SPG via chat recently, didn’t get offered anything!

• Taza says:

  14 Jun14 June 06:03

  I’ve had my miles and more card for only a year and will probably have to quickly use the 28k points I’ve managed to save.

  Is it possible to convert miles and more points into anything else?

  • meta says:

    14 Jun14 June 08:26

    Remember you can also top up from Heathrow Rewards or SPG (and indirectly from MR via SPG). If you can get up to 40k that’s one way business to Middle East.

    • Rob says:

      14 Jun14 June 08:39

      You only need 25k Singapore miles for a one way business class to the Middle East though!

      • Lumma says:

        14 Jun14 June 08:47

        Really? I might have a new plan for my sign-up bonus for the gold AMEX 🙂

      • shd says:

        14 Jun14 June 09:19

        SQ/Krisflyer sees limited availability for redemptions on LH Group compared with LH M&M

    • Bagoly says:

      15 Jun15 June 06:15

      And you can earn those HR points from Rocketmiles.

  • shd says:

    14 Jun14 June 09:15

    My OH let over 40k M&M miles expire earlier this year…

    • Alex says:

      14 Jun14 June 10:52

      Damn. Cause for divorce? 😉

• riku2 says:

  14 Jun14 June 06:06

  LH explain on their site about the expiry when you lose status.

  How long will my miles remain valid if I lose my Frequent Traveller, Senator or HON Circle Member status?
  For as long as you have a given status, irrespective of which one, your miles will not be subject to mileage expiration. Mileage expiration is only reactivated when Frequent Traveller status is lost. From that point onwards they are valid for 36 months and then expire at the end of the quarter.

  An example: your Frequent Traveller status expires on 1 March 2019. If your status is not renewed or a new status achieved, your miles will then be valid for a further 36 months – until 1 March 2022. They will expire at the end of the next quarter, i.e. on 31 March 2022.

• Dennis says:

  14 Jun14 June 07:07

  Very OT: I’ve made 25 one night stays at Hilton hotels this year (all paid, no reward stays). My Honors account shows 25 “stays” and 19 “nights”. Why do I have 6 fewer nights than stays? Shouldn’t they be equal?

  • TripRep says:

    14 Jun14 June 07:36

    Sounds weird, what did Honors customer service say about it?

  • John says:

    14 Jun14 June 07:46

    Reward stays count too – but yes you need to call them and ask

    Something dodgy is going on with Hilton’s IT these days (though this has always been the case)

  • sunguy says:

    14 Jun14 June 10:35

    I may be completely wrong – so suggest a pinch of salt with this….but….

    I seem to remember “something” about consecutive nights being counted as a stay but not a night…(or maybe it was other way round)…..and being surprised how it was made up….I need to look that up sometime!

    • Rob says:

      14 Jun14 June 10:44

      No, it’s the other way round, which is why stays should always be the same or lower than nights.

• Roger says:

  14 Jun14 June 07:13

  Any further news on Marriott card launching in August?

  • Rob says:

    14 Jun14 June 08:47

    Not yet. No indication it will be different to the old card which, whilst it was uncompetitive, would now be ok in the current market 🙂 No fee, Silver status for life, 1 point per £1, 2000 free anniversary bonus points.

    • Ian says:

      14 Jun14 June 11:25

      Are we likely to see both that and the SPG Amex remain though? I pray the SPG card sticks with its current earning rate for a long time to come

      • Rob says:

        14 Jun14 June 12:08

        Logically, though, why keep it? From August you basically have the free Marriott Mastercard at 1 point per £1 and the SPG Amex (£75 fee) at 3 points per £1. The snag is that both are interchange-fee capped.

        The free card will, if it stays as it was, also offer you 10 nights towards elite status and a 2000 point annual retention bonus. The SPG Amex will only be attractive to high spenders but the higher the spend, the more money Amex will lose.

      • shd says:

        14 Jun14 June 13:49

        I’d bet the SPG Amex will be gone within 12 months. It’s unsustainable.

        Pity, I like it so much I’ve had 3 of them 😉

      • RussellH says:

        14 Jun14 June 14:17

        But why, if the SPG Amex is unsustainable, have Amex been making special offers to those of us who phone to cancel? The double points offer that I and others have received is effectively 6 Marriott points / 3p refund per £1 spent. Plus another 1 SPG / 3 Marriott if you stay at Starwood.

        Are Amex trying to improve their negotiating position with Marriott, perhaps??

    • ankomonkey says:

      14 Jun14 June 16:41

      I hope Creation offer something similar to the two IHG cards, with Marriott ‘new’ Platinum on the £99-fee card.

      • Genghis says:

        14 Jun14 June 19:31

        We can dream.

• Jonathan says:

  14 Jun14 June 07:18

  Got MBNA Lufthansa and Virgin Atlantic Black cards. Will I end up having two Horizon Visa cards?

  • Alan says:

    14 Jun14 June 09:57

    Yep. I had 3 letters (AA, VS Black, VS White). All with different retention offers. Got them to move the credit on White, which I’d already closed beforehand, over to Black – although did have to escalate to a formal complaint to manage this!

• Rob says:

  14 Jun14 June 07:20

  Can someone remind me of the business model of the consumer version of the Curve i.e. how do they make money from it? Other than the 1% FX fee income, do they take an interchange fee as well as the underlying card the transaction is eventually charged to?

  • the real harry1 says:

    14 Jun14 June 07:45

    You can google their business strategy but it would seem Curve is in the early stages of recruiting critical mass in users, with more profitable developments to come, eg

    ‘The ability to “go back in time” and retroactively change the source of payment could in the future present an opportunity to recommend a different credit provider.

    For example, should Curve spot that you have just purchased a high-priced item, such as a new television, and stuck it on your credit card, it could offer an alternative “pre-approved” loan with lower interest in partnership with a bank or other credit source and switch the charge accordingly.

    That would tie in nicely with an upcoming Curve feature the company is calling “Curve Connect” that will see the app begin to connect to other fintech or digital financial services, thus providing the makings of the fintech convergence strategy Curve’s roadmap has always been built on. Longer-term, the startup wants to be the platform where you manage all things money, essentially re-bundling financial services in a way that puts you in control, give or take a partnership here and there.’

    • Rob says:

      14 Jun14 June 08:44

      If the money doesn’t run out first!

    • shd says:

      14 Jun14 June 09:35

      i.e. they’re still looking for a business model 🙂

  • Axel says:

    14 Jun14 June 07:56

    For the business version the connection to XERO is a game changer for me. Xero is the goto SME accounts package much as Sage was 15 years ago.

• the real harry1 says:

  14 Jun14 June 07:34

  4600 jobs to go at Rolls Royce (most in Derby) – apparently all mgt & corporate support function. I’m sure there won’t be any impact on timeline for correcting the Trent 1000s…

  • LB says:

    14 Jun14 June 08:19

    Will this affect the delivery of my new Rolls Royce Wraith. I was hoping to pay the balance on my Tesco card 😉

    • Mr(s) Entitled says:

      14 Jun14 June 10:26

      genuine lol

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