Citi has just sweetened the signup offers for a number of its mileage/point-earning cards. The tradeoff is that you will need to reach a minimum spending limit in order to earn them. Here’s a summary of changes: Citi PremierPass Card Before: 5,000 bonus points after your first purchase is made within 2 months Now: 10,000 bonus […]

Citi has just sweetened the signup offers for a number of its mileage/point-earning cards. The tradeoff is that you will need to reach a minimum spending limit in order to earn them. Here’s a summary of changes:

• Citi PremierPass Card
  • Before: 5,000 bonus points after your first purchase is made within 2 months
  • Now: 10,000 bonus points after $300 in purchases made within 3 months of account opening
• Citi PremierPass Card - Elite Level
  • Before: 15,000 bonus points after your first purchase is made within 2 months of account opening
  • Now: 20,000 bonus points after $600 in purchases made within 3 months of account opening
• Citi Gold AAdvantage World MasterCard
  • Before: Earn 12,500 Bonus Miles after your first purchase with the card
  • Now: 15,000 AAdvantage bonus miles after you make $750 in purchases within 4 months
• Citi Platinum Select AAdvantage World MasterCard
  • Before: Earn 15,000 Bonus Miles after your first purchase with the card
  • Now: 25,000 AAdvantage bonus miles after you make $750 in purchases within 4 months

This post is from Credit Card Watcher’s Credit Card Deals Blog.

Citi Increases PremierPass and AA Card Signup Bonuses

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From Credit Card Watcher - www.creditcardwatcher.com

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From Business Credit Cards Blog - www.businesscreditcards.cc/creditcards/bcc-blog.htm

[Dave Birch] This isn’t really about payments, but about the monetisation of intellectual property, which is a topic that will appear in the future of payments for sure. Anyway,

When the back catalogue of David Bowie was offered on Wall Street, the $55 million deal for future royalties on classics like The Man Who Sold The World was hailed as a new form of intellectual property securitisation and the idea of artists raising funds secured by future royalties of their work became known as Pullman Bonds, named after the banker David Pullman who drove the Bowie deal. Now, however, citing weak sales of recorded music and a downgrade to an unnamed company guarantor, Moody’s Investors Service downgraded the Bowie bonds. They have gone from an A3 rating to Baa3 – one notch above junk status.

[From Bowie bonds nearing junk status | OUT-LAW.COM]

Well, his bonds may be junk but his music isn’t: Aladdin Sane was the first album I ever purchased with my own money! Whenever I’ve seen David Bowie interviewed on TV, he’s always come across as smart. I can remember him talking about music becoming a utility, like water, and he’d obviously formulated a strategy for the future of music well ahead of record companies or, for that matter, investment bankers. Having seen the writing on the wall for the artificially high price of recorded music, Bowie decided against the “farmers path” (of demanding government support to keep prices high) and instead went down the “market path” (of selling an asset with a declining future to bankers). Good for him.

Mulling over the idea of financial instruments being backed by slightly less “real” items than gold or the full faith and credit of Blizzard, I’ve been reformulating my “money versions” ideas since my original post and the very useful discussion that followed. I’ve decided to make the definitions simpler…

• Money 1.0 was atoms.
• Money 2.0 was bits about atoms.
• Money 3.0 is bits about bits.
• Money 4.0 may well be bits about relationships.

It may seem strange to imagine trading in Bowie Dollars that are simply units of Bowie bonds, but why not? How is this different from Edward de Bono’s “IBM Dollar” (in that it’s a claim on some future asset) or similar instruments?

These opinions are my own (I think) and presented solely in my capacity as an interested member of the general public [posted with ecto]

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From Digital Money Blog - digitaldebateblogs.typepad.com

Credit cards do offer a wide range of useful features. However, one complaint that often crops up is the cost of withdrawing cash.

It seems that many credit card companies see cash withdrawals as an easy meal ticket. I suppose they’ve got to make their money somewhere but the fees and interest on cash withdrawals is gradually becoming a problem.

Here’s why:

1. Card issuers begin charging you interest as soon as you withdraw the cash.

2. In contrast, many cards …

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From Credit Card Cool - www.creditcardcool.com