Another “undocumented feature” of this quirky rewards system is that you get an even better redemption ratio, possibly even up to 1.5 cents per point, when applying your points towards a “Name Your Own Price” Priceline.com transaction. This opacity is even referenced in the terms and conditions: “The amount of Points needed to redeem [for a credit] will vary by transaction.”

Caveats
In addition to the lack of transparency in the rewards program, there are a few less than ideal aspects to the card to be aware of:

• If you don’t use the card at least once every 6 months or keep a balance, your account may be closed and/or all your points forfeited
• Points expire after 4 years if not used
• Foreign currency transactions incur a 3% fee

Conclusion
This version of the Priceline Visa certainly isn’t as staightforward as the old Schwab card, but for the rate chasers, it offers a potentially viable alternative. There is hassle involved in the redemption process and there is a foreign transaction fee, but at its core it does offer at least a 2% rebate in a Visa product. For those who do use Priceline.com, it offers an even better value proposition.

Link

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Priceline Rewards Visa: 2% Credit Card?

Through May 31, 2011, when you apply for a Miles & More Premier World MasterCard, you can earn up to 50,000 bonus miles — enough for a round-trip transatlantic ticket from the US. You’ll receive 20,000 bonus miles after your first purchase and an additional 30,000 bonus miles after spending $2,500 within 90 days of opening your account.

In addition, benefits of the card include:

• Earn 2 points per $1 spent on ticket purchases directly from Miles & More partners
• Earn 1 point per $1 spent on other purchases
• Annual companion ticket
• A low 1% fee on transactions made in foreign currencies

There is a $79 annual fee for the premier card, which is waived for Senator and HON Circle members.

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Lufthansa Miles & More Credit Card: Up to 50,000 Bonus Miles

The card comes in two versions: one version carries an $29 annual fee while the other does not. The $29 annual fee card offers a $50 bonus after your initial purchase, while the no-fee card offers a $25 initial purchase bonus.

Features of the no-fee card include:

• $25 or 2,500 bonus points awarded after your first card purchase
• 2 points per $1 used on all eligible priceline.com bookings (all Name Your Own Price® bookings and all published-price airline tickets, hotel rooms, rental cars and vacation package bookings)
• 1 point per $1 spent on all other card purchases
• Up to 2,500 bonus points for balance transfers completed in the first 30 days (earn 1 point for every $1 transferred)
• 0% Introductory APR for nine months on balance transfers

The features of the $29 annual fee card include:

• $50 or 5,000 bonus points awarded after your first card purchase
• 4 points per $1 used for Name Your Own Price® reservations
• 3 points per $1 used for all eligible priceline.com bookings (all published-price airline tickets, hotel rooms, rental cars and vacation packages)
• 2 points per $1 spent in one of the following categories: utilities, groceries or home improvement. Cardholders select one category for the 2-point bonus.
• 1 point per $1 on all other card purchases
• Up to 5,000 bonus points for balance transfers completed in the first 30 days (earn 1 point for every $1 transferred)
• 0% Introductory APR for nine months on balance transfers

Each point can be redeemed for statement credit once at least 2,500 points have been accumulated, at a rate of 1 cent per point. Points can also be used towards priceline.com Name Your Own Price® travel reservations at a more favorable rate.

For more info or to apply, see www.pricelinevisa.com.

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Priceline Rewards Visa: 0% BT for 9 Months, Plus Up to $50 Bonus

The card application is not available yet, but when you pre-register now, you’ll earn a bonus 1,000 points. In addition, you’ll earn a one-way flight voucher if you apply by November 30, 2008 and make your first purchase by January 31, 2009.

Card benefits include:

• An additional 2,500 Elevate bonus points after your first purchase
• One point per dollar spent on everyday purchases
• Triple points on Virgin America purchases
• 0% APR and 1 point per dollar on first balance transfer — up to 2,500 bonus points
• 300 bonus points for every $5,000 spent per year (limit 1,200 annual bonus points)

Pre-registration information can be found at: www.virginamericacreditcard.com.

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Virgin America Visa Signature Card: Earn a Free One Way Ticket

In addition, both cards have the following benefits:

• Earn 1 mile per dollar on all purchases**
• Annual Companion Ticket**
• No mileage expiration**
• Annual fee waived for Senator and HON Circle Members**
• Reduced rate foreign-exchange fee (1%)

Both cards also come with an intro balance transfer rate of 0% for 6 months. The associated BT fee is 3% with a min of $5 and a max of $50. This means that those with elite status can potentially earn 35,000 bonus miles with a 0% balance transfer of $15,000, without paying an annual fee.

For more information, see www.barclaycardus.com/milesandmore/.

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Barclays Introduces New Miles and More MasterCard with Up to 35,000 Bonus Miles

The card itself has the following features:

• Low Intro APR for 6 Months on Balance Transfers
• Priority Boarding***
• Annual Companion Certificate
• Low Annual Fee

You can pre-register at this link.

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Free Roundtrip Ticket on ATA With Credit Card Signup

Customers earn five points for every $1 spent at Jo-Ann stores or Joann.com and one point per $1 spent on all other purchases with the Jo-Ann Platinum MasterCard. Once a customer earns 1,000 points, she will receive a $10 creative cash(TM) card. For every 500 points earned above 1,000 points, customers will receive an additional $5 in creative cash(TM). After the customer’s first purchase or balance transfer, she will receive a $10 creative cash(TM) card to begin saving on purchases. Customers will also be enrolled in Jo-Ann’s Preferred Customer program to receive valuable coupons and sale notifications. There is an introductory APR on balance transfers of 0% for the first six billing cycles.

So, what this basically boils down to is a 5% reward when you spend at Jo-Ann that can be used for Jo-Ann certificates. Unfortunately, this offer is so new, it’s not even available on the company website, http://www.joann.com, as of the time of this post.

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Jo-Ann Credit Card: For the Crafty Consumer