IT DEPENDS ON WHAT THE DEFINITION OF ‘PRODUCT’ IS: Most credit card companies will only let you have one of any card product at any given time, but those of you who went to law school should be asking, “What exactly do you mean by product?” Great question! It’s one posed by a reader over at The Points Guy, who was wondering if a MasterCard and a Visa flavor of the same card count as different products and therefore make one eligible to get a sign-up bonus twice:
“I’m currently holding a Visa Sapphire Preferred card and the annual fee is due to hit soon. I was told that I could get the Mastercard version, hence saving on the annual fee for another year and also getting another sign-up bonus. Do you know if this is true? My friend actually has the opposite issue, where he has the Mastercard and is thinking of getting the Visa, so I’m assuming it could work both ways if possible.”
TPG posed the question to his readers. It was not unanimous, but most reported that they were able to get the sign-up bonuses on both the Visa and the MasterCard Sapphire preferred. Advice for people who want to try this: cancel one before you get the other, and transfer your Ultimate Reward points out before you cancel the card.
Keep in mind that the product definition loophole works with several other products so that you can get the same sign-up bonus twice. Off the top of our head:
- Chase Ink Bold / Chase Ink Plus
- Barclays NFL Visa / Barclays NFL Mastercard
- Citi AA Visa / Citi AA Amex
- Bank of Hawaii Hawaiian Airlines Visa / Bank of America Hawaiian Airlines Visa
And that’s not even taking into account the personal and business varieties of many cards…
AMEX SELLING $25 GIFT CARDS FOR $15: Amex is running another one of its Twitter promotions. Their latest one lets you buy a $25 Amex gift card for $15 when you sync with your Twitter account. Note that you can do this for every distinct Amex account number that you have, and note that the Amex cards actually issued by Amex give different numbers for both the card owner and the authorized users.
In other words, if you and your wife both have a Blue Cash card, your wife’s account number will be different from yours. That means that you can do the $25/$15 deal for your card and she can do it for hers… and you can do it for every other Amex card you have as well, though you’ll have to create new Twitter accounts for all of them. (H/T: SlickDeals)
AN AVIOS BENEFIT WE WEREN’T AWARE OF: Thanks to Mommy Points for pointing out an Avios benefit we didn’t know about. Check out the last bullet point in her summary of the benefits of using the British Airways frequent flyer program:
• No close-in booking fees
• No online cancellation fee – just lose the taxes that you paid for the flight which is often $5 – $10 for domestic flights.
• Just a $40 change fee – which is much lower than many other airlines (of course, you could potentially just cancel and rebook for even less)
• Free checked bag, priority access in the airport, and priority boarding on American Airlines (this is not a published benefit anywhere I know, but my family was still getting this “perk” as of last week, though some in the comments report they have not been getting free bags, so YMMV)
We have the AA credit card, so we didn’t notice that last perk. We’re big fans of Avios, so we’re always happy to see another perk on top of what is already a great program.