Sapphire Reserve Strains JPMorgan’s Ties With United Airlines

[AJK]

https://www.wsj.com/articles/sapphire-reserve-strains-jpmorgans-ties-with-united-airlines-11561627802?mod=rsswn

United executives have told JPMorgan they believe the Sapphire Reserve card is competing directly with the airline’s cards and siphoning off customer spending, according to people familiar with the matter.

NSS.  Maybe they're finally realizing that their CC's (and in turn hopefully their programs) are not competitive.  (After all, if UA's program was competitive, more people would be xferring UR to UA and earning UA money, but alas...)

Don't whine about losing signups if your UA card offers 2x on certain spend, while CSR offers 3x on that type of spend and ALL travel.

Citigroup wants its customers to be able to transfer American miles to its Prestige credit card, according to people familiar with the matter. American hasn’t historically allowed for that.

uh, wut?

[puddles]

Ahem... https://forums.dansdeals.com/index.php?topic=64459.4905

[AJK]

Ahem... https://forums.dansdeals.com/index.php?topic=64459.4905

To my mind, this is not an article unique to CSR and therefore not an article appropriately placed in that thread; it's about airlines, like UA and others, losing ground to more competitive cards, like CSR and others.

[LoLo]

NSS.  Maybe they're finally realizing that their CC's (and in turn hopefully their programs) are not competitive.  Don't whine about losing signups if your UA card offers 2x on certain spend, while CSR offers 3x on that type of spend and ALL travel.

I wish Chase would tell them to stop devaluing their miles after they paid for them.

[LoLo]

At least half of airlines’ cash earnings in the next five years will come from the sale of miles to card issuers and frequent fliers, according to estimates from Stifel airline analyst Joseph DeNardi.

Ping @Dan

[lakewood34]

a few things stand out to me
1) delta is doubling what they get from american express so clearly it seems that from a financial standpoint the dynamic pricing is not hurting them.While many here were screaming that they are killing the value of their program it does not seem to be the case . 22 percent of amex balances are from a delta card so for whatever reason alot of people are still charging money on their delta card. i guess never underestimate the stupidity of the average consumer.
2) the airline gets a part of the swipe fees i didn't know that do they also get part or all of the af?
3) the last person in the paragraph what a moron they are proud of themselves for switching their restaurant spending to the reserve why not switch all your spending there this way you have added flexibility plus you can always transfer to united miles clearly somebody is clueless
4) i think they meant to say with this

Citigroup wants its customers to be able to transfer American miles to its Prestige credit card, according to people familiar with the matter. American hasn’t historically allowed for that.

is that citi is pushing to be able to transfer thank you points from the premier card to aa miles but aa doesn't want that because then it makes sense to stockpile thank you points more then aa points they probably put in the word to instead of the word from