One Mile at a Time [OMaaT] discussions [merged]
May 9, 2019, 9:38 am
#3691
Join Date: Dec 2002
Location: Washington, D.C.
Programs: UA Premier 1K: PlAAtinum; DL SM, MM; Marriott Gold; CO Plat Emeritus; NW Plat Emeritus
Posts: 4,776
Why would one sell the Chase Bonvoy CC if the programme is terrible?
https://twitter.com/OneMileataTime/s...01619628158976
https://twitter.com/OneMileataTime/s...01619628158976
May 9, 2019, 2:18 pm
#3696
Join Date: Feb 2004
Location: CLE
Programs: UA GS+LT UC, AA EXP+LT PLT, Fairmont LT PLT, Marriott PLT, Hilton DIA, Hyatt Glob, Avis CHM
Posts: 4,671
May 9, 2019, 5:14 pm
#3697
Join Date: Jul 2009
Location: Washington, DC
Programs: DL PM; IHG PlatAmb; Hilton Dia; Marriott Plat; Hyatt Discoverist
Posts: 7,320
That opaque language alas is what all of the shilling blogs use, making the consumer have to somehow guess for himself if the content in a given post is unbiased editorial content, native advertising, or the ethically challenged middle that most of their posts are.
May 9, 2019, 5:57 pm
#3698
Join Date: Feb 2001
Location: Ann Arbor, Michigan
Programs: Airline Free Agent, Fairmont Lifetime Platinum, Hyatt Globalist, Hilton Honors Diamond
Posts: 3,041
Was talking to an old timer the other day and we both were kind of nostalgic about the past glory days. It went like this...
Remember when we did apporamas and applied for seven cards at a time. Now we are lucky to get seven per year.
These businesses need to pound the newbies...and keep finding more of them!
May 10, 2019, 12:44 am
#3699
FlyerTalk Evangelist
Join Date: Feb 2004
Location: London
Programs: BA, VS, HH, IHG, MB, MR
Posts: 26,871
What you need, gpapadop, is a change in US law to match UK law, so that only someone who is licensed to offer financial advice via the passing of many exams may write about credit cards.
The only bloggers left standing then would be you and TPG :-)
The only bloggers left standing then would be you and TPG :-)
Last edited by Raffles; May 10, 2019 at 3:08 am
May 10, 2019, 1:06 am
#3700
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,171
Brian doesn't have such a qualification... he studied economics and did something in HR at Morgan Stanley. That said who prevents the Titans from quickly hiring a CFP to sign all credit card selling blog posts.
May 10, 2019, 3:08 am
#3701
FlyerTalk Evangelist
Join Date: Feb 2004
Location: London
Programs: BA, VS, HH, IHG, MB, MR
Posts: 26,871
Bankrate would (indeed, does in the UK) which is all that matters.
May 10, 2019, 4:32 am
#3702
Join Date: Feb 2001
Location: Ann Arbor, Michigan
Programs: Airline Free Agent, Fairmont Lifetime Platinum, Hyatt Globalist, Hilton Honors Diamond
Posts: 3,041
Not happening....been trying to get the fiduciary standard to apply for decades and still can't...TPG is safe lol
May 10, 2019, 7:12 am
#3703
Join Date: Oct 2009
Location: Austin, TX
Programs: AA LT Plat, UA 1k/1mm+, National EE, IC Plat, Bonvoy Gold
Posts: 2,605
In the US, there is almost one trillion USD that are outstanding at any given point in time. Almost half that (over 400 million) are revolving balances, meaning they are not being paid off, but accrue interest). These are the highest level of household credit card debt ever and Fobes reported on March 26 that half (!!!) of all Americans have maxed out their credit limits. I don't see how this ends well when the next recession comes around. And those numbers should concern the big banks and the TPGs pf this world.
Oh...and while economics are playing out the way they do, airlines are devaluing their award charts to the point where there is no longer a way to know for sure that applying for cards will even be a viable way to redeem for the aspirational awards in the first place...that should put pressure on airlines because I would expect consumers to move credit card spend almost entirely to bank issued credit cards earning a more flexible currency than miles from a single airline. AA loses money flying but makes money because they sell miles to Citi. This during (likely the tail end) one of the greatest bull markets of all time. What happens when the inevitable recession happens?
I have little pity for anyone in this chain of events. Not the airlines who announce they will never lose money again and hose their fliers at every turn, nor the consumers who overload on debt. At some point, someone is going to have to pay the piper...
And agreed with several. ANY financial advice, including credit card debt etc should be required to be provided by a licensed professional. Period.
Oh...and while economics are playing out the way they do, airlines are devaluing their award charts to the point where there is no longer a way to know for sure that applying for cards will even be a viable way to redeem for the aspirational awards in the first place...that should put pressure on airlines because I would expect consumers to move credit card spend almost entirely to bank issued credit cards earning a more flexible currency than miles from a single airline. AA loses money flying but makes money because they sell miles to Citi. This during (likely the tail end) one of the greatest bull markets of all time. What happens when the inevitable recession happens?
I have little pity for anyone in this chain of events. Not the airlines who announce they will never lose money again and hose their fliers at every turn, nor the consumers who overload on debt. At some point, someone is going to have to pay the piper...
And agreed with several. ANY financial advice, including credit card debt etc should be required to be provided by a licensed professional. Period.
May 10, 2019, 8:04 am
#3704
Join Date: May 2009
Location: South Park, CO
Programs: Tegridy Elite
Posts: 5,678
In the US, there is almost one trillion USD that are outstanding at any given point in time. Almost half that (over 400 million) are revolving balances, meaning they are not being paid off, but accrue interest). These are the highest level of household credit card debt ever and Fobes reported on March 26 that half (!!!) of all Americans have maxed out their credit limits. I don't see how this ends well when the next recession comes around. And those numbers should concern the big banks and the TPGs pf this world.
Oh...and while economics are playing out the way they do, airlines are devaluing their award charts to the point where there is no longer a way to know for sure that applying for cards will even be a viable way to redeem for the aspirational awards in the first place...that should put pressure on airlines because I would expect consumers to move credit card spend almost entirely to bank issued credit cards earning a more flexible currency than miles from a single airline. AA loses money flying but makes money because they sell miles to Citi. This during (likely the tail end) one of the greatest bull markets of all time. What happens when the inevitable recession happens?
I have little pity for anyone in this chain of events. Not the airlines who announce they will never lose money again and hose their fliers at every turn, nor the consumers who overload on debt. At some point, someone is going to have to pay the piper...
And agreed with several. ANY financial advice, including credit card debt etc should be required to be provided by a licensed professional. Period.
Oh...and while economics are playing out the way they do, airlines are devaluing their award charts to the point where there is no longer a way to know for sure that applying for cards will even be a viable way to redeem for the aspirational awards in the first place...that should put pressure on airlines because I would expect consumers to move credit card spend almost entirely to bank issued credit cards earning a more flexible currency than miles from a single airline. AA loses money flying but makes money because they sell miles to Citi. This during (likely the tail end) one of the greatest bull markets of all time. What happens when the inevitable recession happens?
I have little pity for anyone in this chain of events. Not the airlines who announce they will never lose money again and hose their fliers at every turn, nor the consumers who overload on debt. At some point, someone is going to have to pay the piper...
And agreed with several. ANY financial advice, including credit card debt etc should be required to be provided by a licensed professional. Period.
May 10, 2019, 11:14 am
#3705
Join Date: Aug 2012
Location: VPS
Programs: IHG Diamond, Delta PM, Hilton Gold, Accor Gold, Marriott Silver
Posts: 7,266
Oh...and while economics are playing out the way they do, airlines are devaluing their award charts to the point where there is no longer a way to know for sure that applying for cards will even be a viable way to redeem for the aspirational awards in the first place...that should put pressure on airlines because I would expect consumers to move credit card spend almost entirely to bank issued credit cards earning a more flexible currency than miles from a single airline.