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Just received advert for Chase IHG card – presume only for US residents – with some impressive benefits.
With Chase launching in the UK one wonders if they will be the new partners after Creation.
Apols if already been posted/discussed 🙂- This topic was modified 55 years, 4 months ago by .
I’d love an IHG card that wasn’t issued by the Creation incompetents, but I struggle to imagine how a product with those terms could possibly exist in the UK. 🙁
Wow, insanely generous terms. Oh, to have an address in the USA…
Worth remembering that US residents pay for that (and more) by the high interchange fee … that is baked into the price of everything they buy.
Worth remembering that US residents pay for that (and more) by the high interchange fee … that is baked into the price of everything they buy.
That’s very true. I value almost-universal credit card acceptance more than more generous card rewards.
Well, the US have both.
And that’s a (very) high value you place on CC acceptance… even without MS it’s very easy to get $3-$5k of value on sign-up bonuses per year per person in the US.Well, the US have both.
And that’s a (very) high value you place on CC acceptance… even without MS it’s very easy to get $3-$5k of value on sign-up bonuses per year per person in the US.That’s true, though if fees have to rise to the point that many places don’t accept card (or accept only debit card) then it’s a moot point – you can’t earn if you can’t spend!
As much as I really love credit card rewards and the experiences they open that I might otherwise never have, I don’t like the idea that those less fortunate than me are subsidising that through higher prices everywhere, though of course if things do change I’ll certainly take advantage of it!
Well, the US have both.
And that’s a (very) high value you place on CC acceptance… even without MS it’s very easy to get $3-$5k of value on sign-up bonuses per year per person in the US.That’s true, though if fees have to rise to the point that many places don’t accept card (or accept only debit card) then it’s a moot point – you can’t earn if you can’t spend!
As much as I really love credit card rewards and the experiences they open that I might otherwise never have, I don’t like the idea that those less fortunate than me are subsidising that through higher prices everywhere, though of course if things do change I’ll certainly take advantage of it!
The way I look at it is Visa and Mastercard are chasing every opportunity to raise there percentages since they’ve been forced to cut it substantially. But competitive forces obviously mean prices do go down. Unlikely to get worse now as fees are slowly increasing. So if it stays the same I’m happy. If a disruptor came in (like chase) I’d be overjoyed as I can finally ditch Amex’s shoddy customer service.
Credit card acceptance is much higher in the US that most anywhere else in the world, so that’s not really an issue that has resulted from the level of fees. Dealing with cash is not exactly cheap in any case, especially in a country with relatively high crime rates like the US and where even the pettiest of crimes uses a gun.
While living in the US for almost a decade I think I only saw one place that only accepted debit cards and not credit cards.
Credit card acceptance is much higher in the US that most anywhere else in the world, so that’s not really an issue that has resulted from the level of fees. Dealing with cash is not exactly cheap in any case, especially in a country with relatively high crime rates like the US and where even the pettiest of crimes uses a gun.
While living in the US for almost a decade I think I only saw one place that only accepted debit cards and not credit cards.
Like Savage Squirrel has mentioned earlier, acceptance rate probably won’t have been affected much by the interchange fee, but definitely results in a hidden mark-up of prices for goods and services to recoup this cost. It is therefore a moral question of whether consumers that use a basic debit card/cash should be subsidising those that have prime credit/generous reward card schemes.
Perhaps Chase will be given the contract for the UK img cards as they are now operating in the UK and provide current accounts.
How can we get the US IHG credit card. with 0% FX would be an ideal card to use in the UK .. Wishful thinking
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