Why You Need ExtraCredit in Your Life

What do you need your credit score for? In a nutshell, a lot. Credit cards, loans, mortgages, APR, even renting an apartment—whether or not you qualify is based largely on your credit score. If your credit is less-than-ideal, you know it can make your life just that much harder.   

Having a bad credit score can hold you back. It can keep you from feeling in control of your life. You might feel like you’re in a vicious cycle: you apply for credit to improve your score, get denied, suffer a hard inquiry, watch your credit score drop and try again. And it starts over.

We get it. And we want to help. Enter ExtraCredit, the newest product from Credit.com. ExtraCredit is a comprehensive credit solution, with specific and encompassing features that helps you with every dimension of your credit. 

But ExtraCredit isn’t your typical credit solution. Think of it as a lifestyle change. Think of it as a way for you to take your life back. 

Check Out ExtraCredit

What’s ExtraCredit?

ExtraCredit is your one-stop-shop for all things credit. Need identity protection? ExtraCredit’s got it covered. Want a look at your FICO® Score? Sure! An exclusive discount with one of the leaders in credit repair? Yep, we’ve got that too. Ready to add more to your credit? We’ve got your back. ExtraCredit is here for you, no matter what your credit score is. ExtraCredit helps you own your life—starting with your credit. 

ExtraCredit has five features, each created to help you get where you want to be. Here’s the lowdown on each: 

Reward It

So you decided to sign up for ExtraCredit. Smart choice! Because you’ve made such a smart choice, we’ll send you an ExtraCredit card loaded with $5. That’s real money. And that’s what Reward It is all about.

It doesn’t end there. When you sign up with ExtraCredit, we start sending relevant financial offers your way. Let’s say you get approved for one of those financial offers. That’s a big deal! And we want to celebrate with you. Which is why we’ll load your ExtraCredit card with up to $200. That’s right—up to two hundred dollars. All for you, because of your smart financial decisions. 

Learn More about Reward It

Track It

There are a lot of credit scores out there. And there are a lot of apps and services that claim to have the score. You know, the one and only completely accurate score you need. But the thing is, that doesn’t exist. So the score you might be seeing on one of those other apps isn’t the same as the FICO® Score that lenders see. In fact, you have at least 28 credit scores. That’s a lot to keep track of.

That’s where Track It comes in. ExtraCredit will keep track of your 28 FICO credit scores, so you can keep track of every single one. But it goes one step further by showing you what each score is used for. Plus, you’ll get access to your credit reports from all three major credit bureaus—Experian, TransUnion and Equifax.

Learn More about Track It

Guard It

Here are some statistics for you: in 2019, 14.4 million consumers were victims of identity fraud. Sure, that might not sound like a lot of people. But when you realize that it comes out to about 1 in 15 people, it feels like a much bigger threat. In total, 33% of adult Americans have been victims of identity theft. 

You might think that you’ve got all the protection you need. And maybe you have set up a few precautions here and there. But criminals nowadays are smart. Just look at those stats! They know what they’re doing. But don’t sweat it—so do we. Guard It’s here to save the day.

Guard It provides services to keep you nice and safe. There’s Dark Web Monitoring, which will continually scan hidden websites and file-sharing networks for data breaches. Then there’s Compromised Account Monitoring that’ll catch unauthorized bank changes and accounts opened with a stolen identity. And last, but not least, there’s Identity Theft Insurance. That’ll help protect you from financial danger with a $1,000,000 policy. Better safe than sorry. 

Learn More about Guard It

Build It

We all know that credit card payments play a major role in your credit score. But that’s just half the story. What about all the other bills that you pay, like rent and utilities? Shouldn’t those count? We definitely think so, which is where Build It comes in.

Build It uses Rent & Utility reporting to match transactions from your bank account. Think about that for a second—Build It will help you add more to your credit profile whenever you pay your rent on-time. How easy is that? 

From there, Build It continues to report your payments to all three major credit bureaus each month. 

Learn More about Build It

Restore It

So your credit’s not where you want it to be. And you need help. The good news is, you’re in the right place. Restore It will connect you with one of the leaders in credit repair. You’ll get an exclusive discount for CreditRepair.com, a credit repair service that has a killer track record. If they are not available in your area, you will get that discount with another leader in credit repair.

Learn More about Restore It

The Breakdown

Okay, we know that there are a lot of credit solutions out there. You’ve probably seen other services, like credit repair, ID protection and credit monitoring. But here’s the thing—no one offers a comprehensive service like ExtraCredit. 

With ExtraCredit, you get five killer features all wrapped up in a box with a bow on top. Here’s a breakdown of how much the ExtraCredit services would typically cost on their own:

  • Basic Credit Repair: $24.95+ 
  • Rent Reporting: $9.99 
  • ID Protection: $34.99
  • FICO Scores: $19.99

Altogether, that’d add up to a cool $89.92. But with ExtraCredit you get all five services at $24.99 a month, plus real cash back for select offers. 

The Bottom Line

Sure, there are a lot of credit solutions out there. But here’s the thing—ExtraCredit impacts every dimension of your credit. So you could go with one-dimensional services provided by the other guys. Or you could go with ExtraCredit, which offers so much more than the basics.

ExtraCredit is here for you. It’s like a team of credit pros, all focused on monitoring your credit and satisfying your credit score needs. All you have to do is sit back, relax and let ExtraCredit do the work. 

ExtraCredit is the last credit solution you’ll ever need. Join the revolution today.

The post Why You Need ExtraCredit in Your Life appeared first on Credit.com.

Source: credit.com

Chase Sapphire cards offering rewards, statement credits for groceries

Ten months into the COVID-19 pandemic, many consumers have settled into new routines and developed new spending patterns. One of the spending categories that hasn’t lost its popularity is groceries, as many people are cooking more at home and eating out less frequently.

See related: Grocery shopping and COVID-19: What’s changed and how to save money

Credit card issuers are adapting to these new patterns as well.

On Oct. 20, 2020, Chase announced it would be temporarily adding grocery rewards to the Chase Sapphire Preferred® Card* and Chase Sapphire Reserve®. This comes on top of other limited time offers the issuer has recently added, such as limited time redemption options through Pay Yourself Back and gas and grocery store purchases counting toward the Reserve card’s $300 travel credit.

See related: Guide to Chase Pay Yourself Back

“Throughout this very unique year, we’ve provided our cardmembers flexibility and options to get the most out of their cards …  as well as limited time opportunities to earn more points on certain spending,” Chase said in a statement. “We want to continue to give our cardmembers ways to maximize value where they are spending today.”

On top of that, on Jan. 28, 2021, Chase added an offer for new Chase Sapphire Preferred cardholders: a one-time automatic $50 statement credit on grocery store purchases.

How the limited time grocery rewards work

Starting Nov. 1, 2020 and running through April 30, 2021, Sapphire Reserve cardmembers will earn 3 points per dollar on grocery store purchases, and Preferred cardmembers will earn 2 points per dollar, up to $1,000 in purchases per month. According to Chase, this will be automatic for existing and new cardmembers.

See related: Best credit cards for grocery shopping

This provides cardholders with an excellent opportunity to earn some of the most valuable travel points while travel is still limited.

The new offer also makes Sapphire cards more competitive when compared with the recently updated Chase Freedom card suite. In August, the issuer replaced the Chase Freedom with the Chase Freedom Flex and added three new valuable rewards categories to both the Freedom Flex and Chase Freedom Unlimited, namely bonus cash back on travel purchased through Chase Ultimate Rewards and on dining and drugstore purchases.

Considering neither Freedom card charges an annual fee and both earn Chase Ultimate Rewards points, some cardholders may be wondering if the Chase Sapphire Reserve is worth keeping during a time when most of its premium travel perks might go unused.

Fortunately, all the limited time offers coupled with temporary grocery rewards make it much easier to get value of these popular travel cards – even when you’re not traveling.

How the grocery statement credit works

Another incentive to apply for the Chase Sapphire Preferred card now is the new one-time $50 statement credit on grocery purchases.

New cardmembers will get access to the statement credit automatically and be able to use it for 12 months from the time of account opening. Eligible purchases include purchases made at merchants coded as grocery stores. Warehouse club purchases won’t qualify.

Chase hasn’t announced the offer’s expiration date yet.

Chase Sapphire cards value at a glance

Chase Sapphire Reserve®

Chase Sapphire Reserve®

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

Newly added limited-time benefits Cardmembers earn more on grocery store purchases: Nov. 1, 2020 – April 30, 2021

  • 3 points per $1 spent
  • Up to $1,000 in grocery store spend per month

Gas and grocery purchases count toward Sapphire Reserve $300 travel credit: 

  • Gas and groceries have been added as qualifying purchases, through June 30, 2021
New cardmembers receive an automatic statement credit:

  • One-time $50 statement credit on eligible grocery store purchases available for 12 months from the account opening

Cardmembers earn more on grocery store purchases: Nov. 1, 2020 – April 30, 2021

  • 2 points per $1 spent
  • Up to $1,000 in grocery store spend per month
Existing benefits
  • 3 points per dollar on dining purchases with restaurants – including delivery and pick-up
  • 3 points per dollar on travel – including tolls and parking
  • Complimentary DashPass Subscription from DoorDash, valued at over $100 per year
  • Up to $120 in statement credits on DoorDash purchases – $60 in statement credits through 2020 and another $60 in statement credits through 2021
  • 10 points per dollar on Lyft rides
  • Complimentary Lyft Pink membership, worth a minimum of $199 in value when you activate by March 21, 2022
  • Pay Yourself Back: Points are worth 50% more now through April 20, 2021 when redeemed for purchases in current categories of grocery, dining, home improvement and contributions to select charities
  • Chase Dining: Points are worth 50% more when redeemed through the new Chase Dining hub in Ultimate Rewards, now through April 30, 2021
  • 2 points per dollar on dining purchases with restaurants – including delivery and pick-up
  • 2 points per dollar on travel – including tolls and parking
  • Complimentary DashPass Subscription from DoorDash, valued at over $100 per year
  • 5 points on per dollar on Lyft rides
  • Pay Yourself Back: Points are worth 25% more now through April 20, 2021 when redeemed for purchases in current categories of grocery, dining, home improvement and contributions to select charities
  • Chase Dining: Points are worth 25% more when redeemed through the new Chase Dining hub in Ultimate Rewards, now through April 30, 2021

 

Bottom line

While travel isn’t the most lucrative rewards category at the moment, your Chase Sapphire card can still bring you plenty of value, especially given the temporary rewards categories and other limited time offers.

*All information about the Chase Sapphire Preferred Card has been collected independently by CreditCards.com and has not been reviewed by the issuer. This offer is no longer available on our site.

Source: creditcards.com

Many consumers are still getting help with debt

At the end of December 2020, around 2.87% of accounts in the auto, credit card, mortgage or unsecured personal loan accounts were still in some form of financial hardship status.

But the percentage of accounts in that status continue to fall from a high of 4.77% in May 2020, according to TransUnion’s Financial Services Monthly Industry Snapshot Report.

TransUnion data includes all of the accounts with accommodations at the end of December plus those that had accommodations pre-pandemic.

The percentage of credit card accounts in financial hardship status fell from a high of 3.73% in May 2020 to 2.42% in December 2020. 

Repayment preferences vary

Among those consumers with loan accommodations, plans to repay the money were diverse, according to TransUnion.

The research showed that around 25% of them want to return to making regular payments and negotiate with lenders to increase the length of the loan, while 19% would like to continue the accommodation and 17% want to catch up by making bigger payments.

See related: Credit card spending rebounds from pandemic plunge

Delinquencies and hardship program situation surprisingly positive

Ted Rossman, industry analyst for CreditCards.com, said that in general, the outlook for delinquencies and hardship programs is surprisingly positive.

“Delinquencies have actually fallen during the pandemic and fewer customers than we initially expected have enrolled in hardship programs, plus many have already gotten back on track,” Rossman said.

For example, Chase reported that more than 90% of customers who exited their assistance program have remained current on their payments.

And, according to the ABA Banking Journal, “Bank card delinquencies fell 109 basis points to 1.52% of all accounts in the second quarter, declining to the lowest level on record. In the third quarter they were essentially flat.”

Rossman noted that government stimulus programs deserve a lot of credit, along with many consumers spending less and making debt payoff a priority.

“It seemed like the stimulus impact was starting to wane late in 2020, but Congress and the Trump Administration agreed on another round of stimulus right before New Year’s and the Biden Administration is intent on implementing an even larger program soon,” Rossman said.

Rossman said we’re not out of the woods yet, but there’s growing optimism that the worst has passed and we will not see nearly as many delinquencies and defaults as we did during the 2007-2009 financial crisis.

See related: What to do if your credit card is closed due to delinquency

Source: creditcards.com

Airline, hotel loyalty programs extending perks for members through coronavirus

While COVID-19 has affected all parts of daily life, the travel industry has certainly been put on hold as people have had to cancel plans and stay at home. Since most travelers plan many months in advance, this also leaves many holding tickets they can no longer use. Frequent flyers and hotel loyalty members are left wondering what recourse they have, if any, when it comes to their member status and points or miles.

We researched the major players in the hotel and airline industry to find out how these companies plan to accommodate their valued members – by extending points, status levels and more – in the wake of the coronavirus pandemic.

Coronavirus relief measures by loyalty or travel program

  • Hilton Honors
  • Marriott Bonvoy
  • IHG Rewards Club
  • World of Hyatt
  • Wyndham Rewards
  • Choice Privileges
  • United MileagePlus
  • Delta SkyMiles
  • American Airlines AAdvantage
  • JetBlue TrueBlue
  • Southwest Rapid Rewards
  • Virgin Atlantic
  • British Airways
  • CLEAR
  • TSA Precheck
  • Global Entry

Hilton Honors

In addition to donating up to one million rooms to medical professionals, Hilton has promised to compensate its Hilton Honors loyalty program members in a number of ways.

Lower status requirements

Hilton has cut status qualification requirements by half.

Elite status Previous status requirements New status requirements
Silver status 4 stays, 10 nights or 25,000 base points 2 stays, 5 nights or 12,500 base points
Gold status 20 stays, 40 nights or 75,000 base points 10 stays, 30 nights or 37,500 base points
Diamond status 30 stays, 60 nights or 120,000 base points 15 stays, 30 nights or 60,000 base points

Status extension

For any Silver, Gold or Diamond members that were due to downgrade in 2020 or 2021, statuses will be extended through March 31, 2022.

Cardholder benefits

Weekend night rewards on eligible Hilton credit cards that were not expired by May 1, 2020, will now be valid through August 31, 2021, and certificates issued from May 1 through Dec. 31, 2020, are valid for 24 months from the date of issuance. All free weekend night certificates issued in 2021 can be used any night of the week and expiration is extended until Dec. 31, 2022.

Additionally, bonus points will continue to count as base points on eligible purchases through Dec. 31, 2021, and toward elite status tier qualification, including Lifetime Diamond Status.

Other rewards

All 2020 elite qualifying nights will be rolled over to the 2021 status year. This applies to all nights members have already completed or will complete this calendar year.

On top of that, Hilton has lowered the requirements to earn Milestone Bonuses for 2021. Previously, you could earn 10,000 bonus points every 10 nights after completing 40 nights in a calendar year. Starting in January, that requirement has been changed to 20 nights stayed to align with the new Gold qualification level. However, 60 nights will still earn you 30,000 points.

Diamond members will be able to gift Gold status for staying 30 nights in 2021 instead of 60 nights which was the previous requirement. The requirement to gift Diamond status is lowered to 60 nights instead of 100.

To ensure member safety, Hilton is providing flexible cancellations and full points refunds for all Hilton Honors experiences booked through May 31, 2021.

You can follow further updates for Hilton Honors members on the loyalty program website.

Marriott Bonvoy

Marriott plans to compensate its Marriott Bonvoy members, although benefits may vary depending on members’ location.

See related: Marriott data breach involves 5.2 million hotel guests

Status extension

Bonvoy members who earned elite status for 2020 can now enjoy their benefits through February 2022.

Points extension

Points set to expire by February 2021 will be paused, and no points will expire until after that time period. 

Other rewards

Active free night awards (as part of Marriott credit cards or packages) set to expire beginning March 1, 2020, will be extended through Aug. 1, 2021. Additionally, more recent certificates set to expire before July 31, 2021, will be extended through that date as well. Suite night awards set to expire by Dec. 31, 2020, will be extended another year through Dec. 31, 2021.

Additionally, Marriott will deposit Elite Night Credits into Bonvoy elite members’ accounts in the amount of 50% of the nights required for the status they earned in 2019. This can make it easier for the members to reach the next tier.

Elite Night Credits deposit breakdown

Elite status Annual tier requirements Extra elite night credits
Ambassador Elite 100 Qualifying Nights and $20,000 stay spend 50 Elite Night Credits
Titanium Elite 75 Qualifying Nights 38 Elite Night Credits
Platinum Elite 50 Qualifying Nights 25 Elite Night Credits
Gold Elite 25 Qualifying Nights 13 Elite Night Credits
Silver Elite 10 Qualifying Nights 5 Elite Night Credits

Stay up to date on relief measures for Bonvoy members on the company’s COVID-19 page.

Coronavirus: What to do if you’re unemployed and have credit card debt

Credit card issuers offer cardholders relief amid coronavirus fears

How to manage your credit cards during the coronavirus outbreak

IHG Rewards Club

Due to travel constraints and shortened travel periods, IHG has lowered its requirements for elite status membership by 25% or more, as well as extended statuses and points for all members (since elite members’ points never expire). 

Lower status requirements

Status Previous qualification requirements New qualification requirements
Gold
  • 10,000 qualifying points in a calendar year or
  • 10 qualifying nights in a calendar year
  • 7,000 qualifying points in a calendar year or
  • 7 qualifying nights in a calendar year
Platinum
  • 40,000 qualifying points in a calendar year or
  • 40 qualifying nights in a calendar year
  • 30,000 qualifying points in a calendar year or
  • 30 qualifying nights in a calendar year
Spire
  • 75,000 qualifying points in a calendar year or
  • 75 qualifying nights in a calendar year
  • 55,000 qualifying points in a calendar year or
  • 55 qualifying nights in a calendar year

See related: The benefits of IHG Rewards Club elite status

Status extension

Program statuses will be extended through January 2022 for all members. Spire elite members will also retain their Choice benefit of 25,000 bonus points or gifting of Platinum Elite status to someone each year.

Award certificates 

Anniversary night certificates (U.S. and U.K. only) set to expire before March 1, 2020, will be extended through the end of the year. All 2020 certificates will be redeemable for 18 months, instead of the usual 12. Some members have also reported that free night certificates expiring before Dec. 31, 2020, will be extended until August 2021.

Follow updates to IHG Rewards Club benefits on the program’s travel advisory page.

World of Hyatt

The World of Hyatt loyalty program will extend all statuses and rewards to compensate valued members.

Status extension

All active elite statuses, as of March 31, 2020, will be extended through Feb. 28, 2022. 

Points extension

Forfeiting points due to inactivity will be suspended through June 30, 2021. No points will expire until that date.

Other rewards

Any earned rewards, such as free nights or upgrades, set to expire between March 1 and Dec. 31, 2020, will be extended through Dec. 31, 2021.

Check the updates to Hyatt relief measures on the program’s COVID-19 page.

online.

Keep an eye on Wyndham’s COVID-19 statement page for updates.

Choice Privileges

It took Choice some time to follow suit and join other hotel chains in extending elite statuses and offering other promotions amid the outbreak. On May 21, 2020, the company announced a series of offers to expand the benefits of its Choice Privileges loyalty program.

“Even during this crisis, our members found a number of ways to engage with us and make a difference,” said Jamie Russo, vice president, loyalty programs and customer engagement, Choice Hotels. “Some of them are essential and frontline workers who chose to stay in our small-business hotels, and others showed their generosity by donating their Choice Privileges points to aid recovery efforts. Our latest loyalty program changes tell our members that we appreciate their continued support and our hotels are here to welcome them whenever they feel safe traveling again.”

Status extension

All members’ current elite statuses will be extended through Dec. 31, 2021.

Lower status requirements

Choice is also easing requirements to qualify for elite status in 2021.

Elite status Previous status requirements 2021 status requirements
Gold status 10 nights 7 nights
Platinum status 20 nights 15 nights
Diamond status 40 nights 25 nights

Additionally, Choice is giving current elite members a limited-time upgrade to the next tier. Gold members will be upgraded to Platinum status and Platinum members will be upgraded to Diamond. Additionally, members who stayed at least five nights by Dec. 31, 2020, will be able to keep their upgraded tier through 2021.

United MileagePlus

United has said it would compensate their MileagePlus members by extending all annual memberships, subscriptions and checked bag benefits for six months. United also plans to make status membership requirements easier and will release information later in 2020.

Status extension

All MileagePlus Premier members will get to retain their 2020 status through Jan. 31, 2022.

Lower status requirements

MileagePlus Premier membership now has easier requirements, reduced 50% for each status level.

2021 status Premier qualifying flights and PQP … or PQP
Silver 6 2,000 2,500
Gold 12 4,000 5,000
Platinum 18 6,000 7,500
1K 26 9,000 12,000

Other rewards

All valid travel certificates issued on or after April 1, 2020, will be extended to be valid for two years for booking, as well as up to an additional 11 months to travel. All redeposit fees for flights booked through May 31, 2020, will be waived, as well as all fees for members who cancel within at least 30 days of departure.

Follow more updates to United MileagePlus on the program’s travel notice page.

Delta SkyMiles

Delta has stepped up to say they will compensate their Medallion members by extending their Member status.

Status extension

2020 Medallion Member status will be extended through Jan. 31, 2022, and this change should be reflected on the member’s SkyMiles account by Feb. 1, 2021. Additionally, all 2020 Medallion Qualification Miles will roll over into 2021.

Follow updates to the Delta SkyMiles program on the coronavirus travel update page.

American Airlines AAdvantage

As AAdvantage members experience reduced travel opportunities due to the coronavirus, American Airlines is offering elite status extension, lowering elite status requirements and allowing eligible cardholders to earn miles toward Million Miler status with credit card spend.

Status extension

Members whose elite status expires on Jan. 31, 2021, will automatically get an extension until Jan. 31, 2022.

Lower status requirements

Members will be able to qualify for a higher elite status in 2021 with lower requirements, including Elite Qualifying Dollar (EQD), Elite Qualifying Mile (EQM) and Elite Qualifying Segment (EQS).

Gold oneworld Ruby Platinum oneworld Sapphire Platinum Pro oneworld Sapphire Executive Platinum oneworld Emerald
  • $2,000 EQDs and 20,000 EQMs or
  • $2,000 EQDs and 20 EQSs
  • $4,500 EQDs and 40,000 EQMs or
  • $4,500 EQDs and 45 EQSs
  • $7,000 EQDs and 60,000 EQMs or
  • $7,000 EQDs and 70 EQSs
  • $12,000 EQDs and 80,000 EQMs or
  • $12,000 EQDs and 95 EQSs

Cardholder benefits

The CitiBusiness® / AAdvantage® Platinum Select® Mastercard® cardholders who hold a companion certificate expiring Dec. 31, 2020, will receive a six-month extension as well, bringing the expiration date to June 30, 2021.

Learn more about AAdvantage program updates on aa.com.

JetBlue TrueBlue

JetBlue took a bit longer to join other airlines in taking measures to support loyal customers. On May 14, 2020, JetBlue announced it’s extending Mosaic elite statuses, as well as making it easier to earn one.

Status extension

All currently valid Mosaic elite statuses will be extended through Dec. 31, 2021.

Lower status requirements

JetBlue is reducing the qualifying thresholds for Mosaic status by 50% for 2021. To earn the status this year, you’ll need to earn 7,500 qualifying TrueBlue base points or 6,000 qualifying TrueBlue base points and 15 flight segments.

Alternatively, you can get the elite status by spending $50,000 in annual net purchases on the JetBlue Plus card – this spending requirement hasn’t changed for 2020.

Virgin Atlantic

Virgin Atlantic has also made it easier for customers to earn and maintain elite status amid the pandemic.

Status extension

In March 2020, Virgin Atlantic extended status for Gold and Silver members, allowing them an additional six months to meet the requirements.

On Aug. 20, 2020, the airline added another six months to the extension, making it one year in total.

Other rewards

Starting Sept. 1, 2020, the Flying Club program members will be able to earn tier points on award flights, meaning they’ll be able to earn elite-qualifying points on flights where they used Flying Club miles to redeem for travel.

On top of that, Virgin Atlantic makes it easier for members to earn and redeem Companion Vouchers, Upgrade Vouchers and Clubhouse Vouchers.

Members can now use Companion Vouchers with any ticket in any booking class, regardless of status. Gold and Silver members can book their companion into any cabin for zero miles, and Red members can book their companion into Economy and Premium for zero miles or upper class at a 50% discount.

Upgrade Vouchers can also be used with any ticket in any booking class, excluding Economy Light, for a one-cabin upgrade on a return flight.

Clubhouse Vouchers can be used for one entry to any clubhouse when booked on a Virgin flight or with Air France, Delta or KLM when flying internationally. Gold members will continue to receive two vouchers.

Southwest Rapid Rewards

On April 16, Southwest announced a status extension for A-List and A-List Preferred members and companion passes. The company is also giving a points “boost” to all Rapid Rewards members.

“As we continue to navigate our way through this unprecedented time and deal with extraordinary challenges, we are committed to keeping you informed and updated on the steps we are taking to manage through the COVID-19 pandemic,” Southwest said in a message to Rapid Rewards members.

Status extension

Companion Pass Members who received an extension of their earned Companion Pass benefits through June 30, 2021, will have their benefits extended for another six months. Members will be able to keep their status through Dec. 31, 2021.

Other rewards

Southwest is giving all Rapid Rewards members with an account opened by Dec. 31, 2020, a “boost” of 25,000 Companion Pass qualifying points and 25 flight credits toward Companion Pass status, as well as 15,000 tier qualifying points and 10 qualifying flight credits toward A-List and A-List Preferred.

Southwest cardholders can also spend their way all the way to A-List status, with no cap on tier qualifying points (TQPs) earned through card spend. Previously, cardholders could only earn up to 15,000 TQPs per year via card spend.

Additionally, travel funds created or expiring between March 1, 2020, and Sep. 7, 2020, will now expire on Sep. 7, 2022. Alternatively, Rapid Rewards members can convert those funds into Rapid Rewards points. According to Southwest, the conversion ratio is “the same rate you would be able to purchase a ticket with points today.”

British Airways

On June 11, British Airways finally joined other airlines in extending the elite status for its members. Additionally, the carrier is reducing the number of tier points needed to reach a higher membership tier.

Status extension

British Airways is extending tier status by 12 months for members who have a tier point collection end date of July 2020, through to June 2021.

Lower status requirements

The carrier has also reduced the number of points needed to retain and upgrade a membership status by 25%.

Here are the new tier qualification thresholds:

  • Bronze: 225 Tier Points or 18 eligible flights
  • Silver: 450 Tier Points or 37 eligible flights
  • Gold: 1125 Tier Points

Cardholder benefits

Members who have earned heir Gold Upgrade Vouchers, Companion Vouchers and Travel Together Tickets with a British Airways credit card will get a 6-month expiration extension to any current vouchers.

CLEAR

CLEAR is a program that makes it quicker for travelers to get through airport security lanes by using biometrics for ID verification. Since many people are currently avoiding traveling due to the coronavirus outbreak, a CLEAR membership might not be useful at the moment.

Originally, CLEAR offered customers to pause their membership for three months. Now CLEAR is allowing members to request a three-month extension to their membership, which can be done by contacting the company directly. With customer service channels such as phone lines overloaded by requests, the fastest way to do so is via CLEAR’s online chat. However, some users have reported experiencing difficulties finding the chat box on the website. Alternatively, you can reach CLEAR by text, email or phone.

TSA Precheck

TSA Precheck is a five-year membership that provides expedited security checks at select domestic airports in the U.S. At this time, TSA is planning to keep enrollment centers open while working to determine if any temporary closures are required. Some centers have been closed or changed hours.

If you’re planning to visit an enrollment center, it’s recommended that you schedule an appointment – as walk-ins may be deferred.

Visit TSA’s enrollment questions page for more information.

Global Entry

Global Entry, a program run by U.S. Customs and Border Protection that allows travelers to get expedited clearance through automatic kiosks when arriving in the U.S, has reopened its enrollment centers on Sept. 8, 2020. After a six-month hiatus, the program will finally allow conditionally approved Global Entry applicants to complete in-person interviews at most Trusted Traveler Programs enrollment centers in the U.S. The interviews must be scheduled in advance online, and their availability will vary by location.

Since the COVID-19 outbreak has also affected processing times for Global Entry renewals, CPB has increased the renewal grace period to 18 months. This means that if you apply for your Global Entry renewal before its expiration date, you’ll be able to use Global Entry for another 18 months.

As the coronavirus situation is unprecedented and changing rapidly every day, hotels and airlines continue to make updates to their travel policies, including their loyalty programs. Travelers should continue to check airline and hotel websites as the situation evolves. If they cannot find the information they need online, they should contact their hotel, airline or travel agency’s customer service number.

Source: creditcards.com