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News Roundup
This is a roundup of news and other interesting pieces that I’ve come across over the last few days. I thought they are worth sharing so I hope you enjoy reading them.
Maker of popular gift cards sued over ‘card draining’
A Georgia-based company that makes many popular gift cards faces a lawsuit in California alleging it failed to take precautions to prevent scammers from draining gift cards of their value – a scam that experts say is common. Read more
Capital One Hit with Class Action Over Deceptive Credit Card Bonuses
The 18-page lawsuit says that since at least 2019, Capital One Financial Corporation and Virginia-based bank Capital One, National Association have “consistently misrepresented” to consumers that they would receive a sign-up bonus ranging from $150 to $500 if they applied for a Quicksilver credit card or SavorOne Rewards credit card at an “excellent” credit level or through a targeted offer and subsequently spent a certain amount within a specified time period. Read more
Goldman Sachs faces rocky exit from Apple credit card partnership
In searching for a buyer for its share of the partnership, Goldman will face pressure from bidders to reduce the value of its stake in order to make the price more attractive, according to two sources familiar with the matter who declined to be identified discussing potential talks. Read more
Omni Hotels Moves to a Revenue-Based Program
In a first for a hotel program, Omni Hotels announced that its loyalty program, Omni Select Guest, is going revenue-based starting in 2024. The move will make the new Omni Select Guest the first revenue-based hotel program. So, what will this new revenue-based program look like, and how does it stack up compared to traditional ones. Read more
How to use Awayz to improve your hotel award searches
Awayz is a tool that helps travelers find hotels they can book with points in specific destinations. The tool also helps travelers decide when to redeem points and when to book a paid rate for a specific stay. Awayz retrieves live award availability and rates so travelers can compare their options without needing to individually search with each hotel loyalty program. Finally, Awayz also offers the option to set award availability alerts if a hotel you want to book on specific dates isn’t currently bookable with points. Read more
Guru’s Wrap-up
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