The End Of Airline Miles?! DOT Investigation | NEW US Bank Smartly 4% Card

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@AskSebby 3 ай бұрын

💳 Sebby's Card Picks: www.asksebby.com/credit-cards Moomoo 8.1% APY + up to 15 stocks (exp 11/30/24): www.asksebby.com/moomoo High Yield Savings Accounts: www.asksebby.com/go/banking

@Omikoshi78 3 ай бұрын

Airline miles devaluation looks like amateur hour compared to Marriott bonvoy devaluation

@FlintIronstag23 3 ай бұрын

🐧Sebby, let your video editor know they don't need to zoom in and out every two seconds you are on screen. It is distracting rather than engaging. You are never on camera for more than 10 seconds without cuts to b-roll footage anyway, so it is totally unnecessary.

@Olafdaschneemann 3 ай бұрын

100%. Now if the other KZbinrs could follow suit (not that their vids are as helpful, but at least this trend will stop lol)

@michaelgrayson409 3 ай бұрын

Dislike for not using the cow herd stock footage following "in today's roundup." 😠

@AskSebby 3 ай бұрын

Next time!

@michaelgrayson409 3 ай бұрын

@@AskSebbyevery time!

@jdaht 3 ай бұрын

I agree!

@jeremycahill 3 ай бұрын

I’d love to know why they targeted the airlines and not the hotels (as well). Hotel programs are more likely to have worthless points and questionable loyalty benefits.

@jonVegas76 3 ай бұрын

I’m thinking because it’s the Department of transportation

@nopesiege8278 3 ай бұрын

Really need to get hilton involved

@mranderson8725 3 ай бұрын

@@jonVegas76😂😂😂😂😂😂😂

@AlejandroPerez-ef5ez 3 ай бұрын

You are probably correct 😅😅@@jonVegas76

@Jay-ux4gm 3 ай бұрын

Agreed, IHG with The Venetian literally has 99% blackouts this year nad next and I'm a Diamond member. It wasn't like that in previous years

@TheTravelingHatter 3 ай бұрын

This 4% card is another gotcha card which will likely benefit very few cardholders.

@MC-bw5fc 3 ай бұрын

Thanks!

@AskSebby 3 ай бұрын

Thank you! :)

@iAdden 3 ай бұрын

I said this to Delta’s customer service the other day. These airline points have zero real-world value. They can make 20,000 be worth $1 or $2,000. Smh. I noticed this discrepancy just trying to book a flight and was getting wild differences.

@jetmemphis91 3 ай бұрын

This is what our government is worried about and spending money investigating compared to alllll the other issues that could use the manpower and funding.

@daniel-panek 3 ай бұрын

... The government should be cracking down on stuff like this and other stuff. There is major lack of transparency and harms consumers. The issue is that the government doesn't do enough of this. And depending on who is in, the methodology is to REMOVE regulations so that there are no rules to follow and it makes it so much worse over the long run. What do you think has been happening for the last 40 years?

@gkundo 3 ай бұрын

This isn't the only thing the DOT is doing. And if the major bureaus aren't thinking about consumers rights and fairness, well, 50,000 points can easily fall to the value of $1 overnight. And this isn't just about points. When the government is thinking of other ways to protect the consumer in all facets of their lives, in this case, transportation related, be grateful. If the DOT didn't regulate the airlines in regards to refunds, consumers would still be getting screwed over everyday. Think about how many people fly PER DAY, and the number of changes/cancellations and these BIG corporations just throw up the middle finger when they already have your money. These issues are massive and play a huge role in the consumer economy and consumer protections. You may think airline rewards points are small because you haven't even looked into the big picture. The amount of people using credit cards in the US is astronomical, and points are a major marketing tool to get people to use certain credit cards, especially when it's travel related-- in this case, with airlines. Think about the amount of spending Americans do every year, and then how much those points are worth, nationwide. Then think about how many consumers there are that are affected by the point system. How is this NOT a major issue? Comments like yours are totally narrow sighted. There are many agencies and each one has a function of oversight. They shouldn't be focusing on only ONE issue. Your comment doesn't even make sense. People that talk like you are just deflectors. you might think of one major issue they should focus on. But then another person of your limited intellect will say the same "why focus on that? They need to focus on this!" and it just goes on and on with your kind of people.

@mattdecker6791 3 ай бұрын

I'd bury my cash in the backyard before I'd deposit with US Bank. They are beyond awful.

@docsays 3 ай бұрын

Im fine with consistent regular travel redemptions via southwest or delta. Anything above 1cpp is gravy for me.

@ua1514 3 ай бұрын

United has drastically devalued their points in recent years. American Airlines on the other hand has been amazing with their point values flying to Asia.

@wilfredpapaya4739 3 ай бұрын

Yeah I got the Taylor Swift Venture X email the other day.

@AskSebby 3 ай бұрын

Nice!

@MrWhiterunGuard 3 ай бұрын

It's not a scam its just not really worth it anymore what the high demand and very limited supply of 'free' seats. Sometimes its just not worth staying up until midnight only for you to try to snag a flight 10 months into the future not knowing if you might get the days off or not. Not only that the fees hike really makes it less and less worth the hassle. I rather just use the points for hotel or gift cards.

@thejokerspeaks 3 ай бұрын

2. 2/3 Team Cash Back from Spark alone, but my mental focus is on team travel. 3.🐧4% will get nerfed as soon as the whales take too much advantage.

@andrewm7352 3 ай бұрын

US Bank already has the altitide reserve, which is better than 4%. I don't even carry the card, just put it in your mobile app and you get 3x for every transaction, redeemable at 1.5x on their travel portal. Which means its effectively 4.5% return on everything, no checking required. Also, they have PP Restaurant access, with a cap of 8 visits per year. I'm slowly moving to team cash back, which is why i follow this.🐧

@gkundo 3 ай бұрын

Point devaluations need to come with compensation as a deterrent for trying to screw over the consumer. It's great the DOT has been tackling the bullying that goes on from these major airline companies. For decades, travelers have been screwed over from changes/cancellations/delays/etc. When these companies have your money, they just throw up the middle finger and dare you to sue them and go up against their team of hundreds of lawyers. Thanks to the DOT thinking about all the many facets of daily consumer life in regards to transportation, they first issued new regulations for mandatory refunds. And now they're taking on the point system, which also plays a major role in the travel/flyer economy. So many flyers, so many consumers, so many spenders. This is a major issue because companies use these programs to attract consumers and how credit cards also encourage spending/utilization. And this falls under the illegal act of bait and switch-- and the DOT is taking this on FOR the everyday consumer within their scope of jurisdiction-- TRANSPORTATION.

@lonestarintn9137 3 ай бұрын

Seems to me the DOT’s priority is misaligned. Especially, when aircraft are running into each other on the ground in Atlanta.🐧

@kwfown 3 ай бұрын

On the Taylor Swift lottery, most people thinking Miami is the most popular options, defaulting to Louisiana or Indy, thinking to max their chance. MIA will turn out to be the less competitive option 😂

@AskSebby 3 ай бұрын

We'll see what happens!

@frankb1 3 ай бұрын

This is eye opening! Thanks.

@AskSebby 3 ай бұрын

Glad it was helpful!

@liamlindy 3 ай бұрын

See but why focus only on the flagship business product? Those products present meaningful revenue to the airline, but a JFK-SLC not so much. I regularly get pretty good domestic economy mileage redemption that is meaningfully cheaper than 1 CPP, which often goes unsaid in these “devaluation” videos.

@SightseeMC123 3 ай бұрын

Good video. Think it'll be fine for FF programs, as domestic airlines are already just "cashback coupon" providers.🐧

@eileenmlee 3 ай бұрын

Opportunity cost is not only affected by the difference between what you're earning in interest on your current savings account and 4.1%, but also how much cash back you're getting on your current card. 4% is great, but not necessarily worth the opportunity cost if you already have 2.5 or 3% on another card. I have 5.1% back on my current savings account, 5% back on a lot of major spending categories with various no-fee cards, and 2.5% back on my catch-all card (which also has no annual fee). I don't think the math works out in favor of a change in my case. Enjoy your videos! Thanks! 🐧

@timothydevries383 3 ай бұрын

Japanese, Taiwanese, and Korean airlines give you a better deal for your points. And their business class service is way better.

@Tephiffany 3 ай бұрын

I'm here for the Skymiles...

@kirk1701 3 ай бұрын

You and me both.

@Nwakaego_ 3 ай бұрын

Same here.

@cjotin6562 3 ай бұрын

SkyPesos

@Tephiffany 3 ай бұрын

@@cjotin6562 that's a bad thing, right? 🤔

@oloughla 3 ай бұрын

I think that this will at least prevent overnight devaluations in the short term. I can't imagine that any of these programs would do that while they know that the practice is under active regulatory scrutiny.

@kirasoleil 3 ай бұрын

surprised the chase ink elevated offer wasn't included in today's round up! :o also didn't know you & mandy have a 3rd channel! will check it out 🐧

@AskSebby 3 ай бұрын

Mentioned it in the previous video and business channel!

@kirasoleil 3 ай бұрын

@@AskSebby oh got it! thanks :)

@minhajkhaled7 3 ай бұрын

I got close to 290k ual miles 181 aa miles and, 78k sky miles. 25k jb miles I got to burn them soon.

@AskSebby 3 ай бұрын

Always a good idea to earn and burn.

@shiyiyin3403 3 ай бұрын

some job give boa gold status, eg google

@FrequentFlyer_MIA 3 ай бұрын

I think the investigation will lead to improvements. Depending on who wins the election could have a bigger impact on the outcome. Mayor Pete is running the DOT show for now. Soon that could change

@AskSebby 3 ай бұрын

Hoping it leads to improvements!

@SC-rc4rs 3 ай бұрын

Definitely an improvement to get Pete out of there.

@gkundo 3 ай бұрын

@@SC-rc4rs why

@SC-rc4rs 3 ай бұрын

@@gkundo he has failed numerous times on the job. Forget his ridiculous paternity leave in the middle of a crisis. He’s done nothing to protect consumers for three years from predatory airline consolidation. He’s been mia from the crisis affecting ports. He is clearly in over his head. He should stick to corporate consulting.

@zyzzuschrist3410 3 ай бұрын

How do you opt in to Capital One email offers?

@nondescriptnyc 3 ай бұрын

With AAdvantage, award J from JFK to HND (Tokyo) is often around 330k oneway or above as opposed to 60k RT on JAL (using AAdvantage miles)!!! This is AWFUL.

@jordandarrell9002 3 ай бұрын

Business on JAL using AA miles is 60k each way, not RT. But 120k is still tremendous value

@lnyboi712 3 ай бұрын

Sebby is lookin' slim! 💪

@AskSebby 3 ай бұрын

Thanks :)

@GetNgBy 3 ай бұрын

I also encourage people to do what we’d normally do when shopping. If we don’t get value from airlines like United or delta, I’ll happily take my business elsewhere. If enough people do the same these programs lose value and when they do that hopefully catches the eyes of these executives who may reverse course.

@couz96797 3 ай бұрын

Not related but can you upload a video in the future and talk about the PayPal debit card with the 5% cash back?

@NicksDynasty 3 ай бұрын

🐧 I'm glad I don't use points or miles for flights Hotel all the way for me

@cobra4455 3 ай бұрын

@AskSebby It's pronounced lufT hanza there's no th sound. You sound like a child lol

@nedrog 3 ай бұрын

as a bank of america account holder i am hoping that they respond to us bank :)

@AskSebby 3 ай бұрын

Hopefully!

@wp4310 3 ай бұрын

I'm looking at the USBank card as an easy 2.5% card with 3% reasonably in the near future. 🐧

@benchoflemons398 3 ай бұрын

Yeah but you also have to consider that you cannot churn the account and they just changed the language to be 12 months. So it’s kinda like having a 500 dollar annual fee

@nippolitica 3 ай бұрын

Mayor Pete isn't dumb. So I agree with TT MIA and expect improvements. The goal here is a bit more transparency and competition, but I think pissing off the airlines and aspirational travelers like ourselves is bad. Also a lot of non-USians get US credit cards because their local markets are over-regulated in this area. I'm Team Travel all the way. 🐧

@Darth_Zamiel 3 ай бұрын

🐧 I'm 100% team travel. United miles aren't that bad if used right. They suck for flying to or from the US or on United itself. But for partner airlines where your A and B are both outside the US, there are still some reasonable redemptions to be found if your creative, flexible, and patient.

@Fridge56Vet 3 ай бұрын

🐧 1.) Probably just posturing & a nothingbueger unless they happen to actually uncover shady stuff. Just hoping they don't screw things up. 2.) Team travel for Biz, Cashback for Personal. Though if I decide on a points currency I like then would likely shift some personal spend to points. 3.) Maybe, if you've got $100k sitting in a savings account with them.

@Lifeissorich. 3 ай бұрын

I'll move in 100k in the trading fees and other stuff isn't awful. Makes for a great card between churns for me.

@davidtrzil 3 ай бұрын

🐧not sure what is going to happen, appreciate the info, cash right now but looking hard at travel

@pappy924 3 ай бұрын

🐧 team travel all day long

@ret4kind 3 ай бұрын

🐧Peg miles to miles. 80,000 miles for a 6,000 miles business trip should be valued at 6,000 business class miles. The numbers are so manipulative after covid I've cut up all my points cards and gone 100% cash back due to devaluation.