USA Cathay Pacific Credit card from Synchrony Bank
Just got this in the mailbox. Any guess what the "surprise" is?
Soon, we will debut a new way to maximize your Asia Miles earnings for savvy travelers like you. Follow us on Facebook and stay tuned as we unveil our surprise next week. |
upgrade bidding that comes with higher booking class and miles earned
|
Methinks it'll be the CX credit card for the US.
|
Originally Posted by ual744777sta
(Post 27873936)
Methinks it'll be the CX credit card for the US.
|
Feb 13 announcement of what?
1 Attachment(s)
what is this teaser about, any ideas?
|
Holidays, gifts, food and flights.
Looks like they're trying to flog some new ways to earn/redeem Asiamiles to me. |
Seems like it is tied to people with geographic base USA. So I think it'll be the roll out of the Asia miles co branded credit card. (Hoping its churnable!)
|
Seems very US specific as neither cathaypacificHK nor cathaypacificAU has it
http://www.facebook.com/cathaypacifi...4767021907631/ |
It should be the CX (not AM, like the one from SCB in HK) cobrand card.
It will not be churnable if it will be issued by AMEX (1 lifetime bonus). If not, my guess is it will be issued by either Comenity Bank or Barclay. |
Oh xxxx - SIGNUP BONUSES!!!
Originally Posted by garykung
(Post 27874905)
It will not be churnable if it will be issued by AMEX (1 lifetime bonus).
|
Originally Posted by percysmith
(Post 27874907)
Amen amen amen amen amen amen amen amen...
However, taken Canada's situation as consideration, it will be unlikely (CX cobrand card in Canada is issued by RBC). |
Originally Posted by garykung
(Post 27874905)
It should be the CX (not AM, like the one from SCB in HK) cobrand card.
It will not be churnable if it will be issued by AMEX (1 lifetime bonus). If not, my guess is it will be issued by either Comenity Bank or Barclay. http://www.businesswire.com/news/hom...troduce-Credit |
Originally Posted by sxc
(Post 27874947)
I think it's coming from Synchrony Bank (whoever they are) and will be a Visa card.
http://www.businesswire.com/news/hom...troduce-Credit Hopefully, the plan stays the same. |
|
5 in 24 apply? If yes US applicants will only score one CX J west coast TPAC every 24 months (not every 2...)
|
Anyone know what the earning rate will be? If it's just 3 AM:1 USD for CX, and 1:1 for everything else, I don't understand the point of these co-branded cards? Aren't you just better off (as a US person) having something like the Citi Prestige or Premier which also is 3:1 on branded travel, and can also transfer to AM, but ALSO transfer to a bunch of other stuff and hence is more valuable? Why would you bother getting this card except for the sign up?
I'm not the world's most experienced person with this stuff but I'm learning. Am I missing something? |
Originally Posted by QRC3288
(Post 27880041)
Anyone know what the earning rate will be? If it's just 3 AM:1 USD for CX, and 1:1 for everything else, I don't understand the point of these co-branded cards? Aren't you just better off (as a US person) having something like the Citi Prestige or Premier which also is 3:1 on branded travel, and can also transfer to AM, but ALSO transfer to a bunch of other stuff and hence is more valuable? Why would you bother getting this card except for the sign up?
I'm not the world's most experienced person with this stuff but I'm learning. Am I missing something? I hope this new card offers some extra benefits beyond standard card earnings...for example, some ideas below - A way to earn club points by hitting spend thresholds - extend validity of points, or points do not expire - mileage redemption rebate - free Marco Polo Green |
Yes, if it is just 3AM:1USD, certainly the CSR is much better, but the United cards give free silver status and extra baggage, for example. I assume the CX card will do the same in some way in order to compete. As it won't be a Chase card, I'm guessing the 5/24 rule won't apply. My guess is that it'll be something like 50K signup bonus for 3K or 5K spend, rather than AA 100K signup bonuses.
|
Originally Posted by percysmith
(Post 27880011)
5 in 24 apply? If yes US applicants will only score one CX J west coast TPAC every 24 months (not every 2...)
Originally Posted by QRC3288
(Post 27880041)
Anyone know what the earning rate will be? If it's just 3 AM:1 USD for CX, and 1:1 for everything else, I don't understand the point of these co-branded cards? Aren't you just better off (as a US person) having something like the Citi Prestige or Premier which also is 3:1 on branded travel, and can also transfer to AM, but ALSO transfer to a bunch of other stuff and hence is more valuable? Why would you bother getting this card except for the sign up?
I'm not the world's most experienced person with this stuff but I'm learning. Am I missing something? It's always wise to go with the four big currencies because of their flexibility and devaluation-resistance (Chase UR/Citi TYP/Amex MR/SPG)...unless the specific currency is very unique and of very high value (like AS miles :D)
Originally Posted by TWAforever
(Post 27880139)
I hope this new card offers some extra benefits beyond standard card earnings...for example, some ideas below
- A way to earn club points by hitting spend thresholds - extend validity of points, or points do not expire - mileage redemption rebate - free Marco Polo Green
Originally Posted by kawaii
(Post 27880714)
My guess is that it'll be something like 50K signup bonus for 3K or 5K spend, rather than AA 100K signup bonuses.
|
Originally Posted by G-CIVC
(Post 27880728)
The signup bonus is 25k for $2.5k spend. And AA hasn't seen 100K bonuses for years, just fyi....
I guess the last time I looked into the AA bonuses was ... 2013? So fair enough. :p |
Originally Posted by kawaii
(Post 27880741)
Ah, good to know. Was the info posted already? I read the businesswire report but it didn't seem to mention any details.
I guess the last time I looked into the AA bonuses was ... 2013? So fair enough. :p |
Originally Posted by G-CIVC
(Post 27880728)
It's always wise to go with the four big currencies because of their flexibility and devaluation-resistance (Chase UR/Citi TYP/Amex MR/SPG)...unless the specific currency is very unique and of very high value (like AS miles :D) |
In Canada, RBC offers the Visa Platinum Cathay Pacific card, where CX tickets purchase online gets me 2 Asia miles per 1$ dollar spent.
Page 2: http://www.rbcroyalbank.com/credit-c...guide%20EN.pdf |
Originally Posted by QRC3288
(Post 27880041)
Anyone know what the earning rate will be? If it's just 3 AM:1 USD for CX, and 1:1 for everything else, I don't understand the point of these co-branded cards? Aren't you just better off (as a US person) having something like the Citi Prestige or Premier which also is 3:1 on branded travel, and can also transfer to AM, but ALSO transfer to a bunch of other stuff and hence is more valuable? Why would you bother getting this card except for the sign up?
I'm not the world's most experienced person with this stuff but I'm learning. Am I missing something? Hence the inception of the CX cobrand card.
Originally Posted by TWAforever
(Post 27880139)
I hope this new card offers some extra benefits beyond standard card earnings...for example, some ideas below
- A way to earn club points by hitting spend thresholds - extend validity of points, or points do not expire - mileage redemption rebate - free Marco Polo Green Most of the so-called airline cobranded card benefits are the direct result when the airlines become fee-savvy. So more card benefit = "enhancement" to the current program. |
Originally Posted by QRC3288
(Post 27880041)
Anyone know what the earning rate will be? If it's just 3 AM:1 USD for CX, and 1:1 for everything else, I don't understand the point of these co-branded cards? Aren't you just better off (as a US person) having something like the Citi Prestige or Premier which also is 3:1 on branded travel, and can also transfer to AM, but ALSO transfer to a bunch of other stuff and hence is more valuable? Why would you bother getting this card except for the sign up?
I'm not the world's most experienced person with this stuff but I'm learning. Am I missing something? CX purchases online/inflight $1:2AM Overseas purchases $1:1.5AM Dining $1:1.5AM Others $1:1AM Presumably other standard Visa Signature benefits apply. But if it's a $95 AF card, meh then. Unless it is churnable then there's not much point in getting one...you can pick up a 25K bonus AMEX charge card without much difficulty. As a reference point, US based people like us don't really get to 'arbitrage' that much compared to HK users as some claim here..., just look at the poor earnings structure here (compared to like Fubon and HSBC) and we always have to pay high AFs... |
Originally Posted by G-CIVC
(Post 27894013)
CX purchases online/inflight $1:2AM
Overseas purchases $1:1.5AM Dining $1:1.5AM Others $1:1AM I mean even if we value them as US 1.3cpm (= HK$0.10), that's a 1.3%, 1.95% and 2.6% rebate Compared to CSR 4.5% on dining and travel and 1.5% on everything else. Even tho you have no AM option with Chase UR.
Originally Posted by G-CIVC
(Post 27894013)
As a reference point, US based people like us don't really get to 'arbitrage' that much compared to HK users as some claim here..., just look at the poor earnings structure here (compared to like Fubon and HSBC) and we always have to pay high AFs...
It was the 100K AA mile 2-month churn signup offers, along with 67.5/AA miles one-way F pricing that we here are mad about. I thought we had an end to this (it's not sustainable for the banks nor for AAdvantage). |
Originally Posted by percysmith
(Post 27894287)
I readily conceded HK earn rates are a lot better. We're looking at 2.66/US$ for online, 2/US$ for dining, 1.6/US$ generally and we can cash out retail spending.
It was the 100K AA mile 2-month churn signup offers, along with 67.5/AA miles one-way F pricing that we here are mad about. I thought we had an end to this (it's not sustainable for the banks nor for AAdvantage). It's also much easier to MS in Hong Kong :D |
Originally Posted by G-CIVC
(Post 27894013)
Actually it's not 3:1. The earnings structure as follows:
CX purchases online/inflight $1:2AM Overseas purchases $1:1.5AM Dining $1:1.5AM Others $1:1AM Presumably other standard Visa Signature benefits apply. But if it's a $95 AF card, meh then. Unless it is churnable then there's not much point in getting one...you can pick up a 25K bonus AMEX charge card without much difficulty. As a reference point, US based people like us don't really get to 'arbitrage' that much compared to HK users as some claim here..., just look at the poor earnings structure here (compared to like Fubon and HSBC) and we always have to pay high AFs... |
If this card is just points per dollar spent then it's worthless. I already have 5 cards in my wallet that has a better earning potential than Cathay can offer, WITH bunch of other hotel/airlines/airport benefits.
If Cathay truly wants to offer a meaningful card it has to carry some extra benefits such as: 1) Extra baggage (and/or) weight allowance 2) Lounge certificates 3) At least a 3:1 AM/USD ratio for Cathay expenses, and 2:1 ratio for everything else. Anything lower than that is worthless compare to what's already out there. 4) No foreign transaction fees 5) Free internet for Cathay Pacific flights And this is just the minimum in my opinion. |
Originally Posted by jsfrSE
(Post 27881171)
In Canada, RBC offers the Visa Platinum Cathay Pacific card, where CX tickets purchase online gets me 2 Asia miles per 1$ dollar spent.
Page 2: http://www.rbcroyalbank.com/credit-c...guide%20EN.pdf |
Originally Posted by Cathay Dragon 666
(Post 27901720)
If this card is just points per dollar spent then it's worthless. I already have 5 cards in my wallet that has a better earning potential than Cathay can offer, WITH bunch of other hotel/airlines/airport benefits.
If Cathay truly wants to offer a meaningful card it has to carry some extra benefits such as: 1) Extra baggage (and/or) weight allowance 2) Lounge certificates 3) At least a 3:1 AM/USD ratio for Cathay expenses, and 2:1 ratio for everything else. Anything lower than that is worthless compare to what's already out there. 4) No foreign transaction fees 5) Free internet for Cathay Pacific flights And this is just the minimum in my opinion. |
|
So...free GR for 1 year, no FTF, $95 AF, seems like no first year waiver for that.
25,000 BONUS MILES: For new accounts only. Purchases must post to your account within 90 days of account opening to be eligible for this offer. Only one 25,000 bonus miles offer per cardholder account. |
Cathay credit card: 25,000 signup bonus miles (after spending requirement). That is barely 25% of the miles needed for one-round trip ticket if you live in the east coast. Compare that to any AA credit card that gives 50,000 signup bonus miles which is 5/6 of a round-trip ticket.
2x, 1.5x, 1.5x, 1x - I already have 5 credit cards that have multiplier effects that are better and can easily be transfer to AM. They are 3x, 2x, 2x, 2x, 1x. No foreign transaction fees - good. Complimentary Green - don't make me laugh. And... that's it? And they expect $95 annual fee that isn't waive the first year? Now I'm laugh out loud. Try: 50,000 sign up bonus miles 3x, 2x, 2x, 1.5x Complimentary Green at opening, and upgrade to Silver tier if one spends over $30,000 USD on the card per year. Cross-Pacific flights 3rd checked bags at $75 instead of $150 Priority seat assignment regardless of fare class purchase. First hour of internet use on Cathay Pacific aircrafts free. That's how you win customers to your credit card. Seriously, with so many excellent points/miles cards out there does Cathay really expect a good amount of people to sign up with their crappy card at $95 a year? |
Originally Posted by G-CIVC
(Post 27894657)
They are all gone for good now. AAdv is actually the new Skypesos because domestic inventory is zeroed out to an absorbing state for forever already
|
Originally Posted by Cathay Dragon 666
(Post 27905351)
Cathay credit card: 25,000 signup bonus miles (after spending requirement). That is barely 25% of the miles needed for one-round trip ticket if you live in the east coast. Compare that to any AA credit card that gives 50,000 signup bonus miles which is 5/6 of a round-trip ticket.
2x, 1.5x, 1.5x, 1x - I already have 5 credit cards that have multiplier effects that are better and can easily be transfer to AM. They are 3x, 2x, 2x, 2x, 1x. No foreign transaction fees - good. Complimentary Green - don't make me laugh. And... that's it? And they expect $95 annual fee that isn't waive the first year? Now I'm laugh out loud. Try: 50,000 sign up bonus miles 3x, 2x, 2x, 1.5x Complimentary Green at opening, and upgrade to Silver tier if one spends over $30,000 USD on the card per year. Cross-Pacific flights 3rd checked bags at $75 instead of $150 Priority seat assignment regardless of fare class purchase. First hour of internet use on Cathay Pacific aircrafts free. That's how you win customers to your credit card. Seriously, with so many excellent points/miles cards out there does Cathay really expect a good amount of people to sign up with their crappy card at $95 a year? |
Originally Posted by percysmith
(Post 27905406)
So AA members are still redeeming their miles with us http://www.flyertalk.com/forum/catha...is-f-seat.html
|
Originally Posted by Cathay Dragon 666
(Post 27905351)
Cathay credit card: 25,000 signup bonus miles (after spending requirement). That is barely 25% of the miles needed for one-round trip ticket if you live in the east coast. Compare that to any AA credit card that gives 50,000 signup bonus miles which is 5/6 of a round-trip ticket.
2x, 1.5x, 1.5x, 1x - I already have 5 credit cards that have multiplier effects that are better and can easily be transfer to AM. They are 3x, 2x, 2x, 2x, 1x. No foreign transaction fees - good. Complimentary Green - don't make me laugh. And... that's it? And they expect $95 annual fee that isn't waive the first year? Now I'm laugh out loud. Try: 50,000 sign up bonus miles 3x, 2x, 2x, 1.5x Complimentary Green at opening, and upgrade to Silver tier if one spends over $30,000 USD on the card per year. Cross-Pacific flights 3rd checked bags at $75 instead of $150 Priority seat assignment regardless of fare class purchase. First hour of internet use on Cathay Pacific aircrafts free. That's how you win customers to your credit card. Seriously, with so many excellent points/miles cards out there does Cathay really expect a good amount of people to sign up with their crappy card at $95 a year? |
Originally Posted by G-CIVC
(Post 27905752)
Not at 67.5k anymore and not by churning :) (okay, there's been some activity this month and the last, but it's the exception not the norm...)
|
Originally Posted by TWAforever
(Post 27905974)
I hear your frustration, but IMHO, this may not be about winning new customers, but instead providing a new way to earn miles for already existing US-based customers...most likely they already have miles and are earning miles regularly by flying on CX and OW.
|
All times are GMT -6. The time now is 4:58 pm. |
This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.