Citi, Capital One, Bank of America and Wells Fargo News

Citi, Discover, Bank of America and Wells Fargo News
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April 19 - Capital One Adds Airline Transfer Partners, Opens Airport Lounges

There were already over a dozen airlines and hotel partners you could transfer your Capital One miles to, but today, Capital One announced four more. They are: British Airways (Avios), Choice Hotels (Choice Privileges), TAP Air Portugal (Miles&Go) and Turkish Airlines (Miles&Smiles). Additionally, Capital One is improving the transfer ratios — at least for some mileage programs (nine to be exact) — by launching a new, 1:1 transfer tier.

In other news, Capital One previously announced that it would launch a couple new airport lounges, and the company just revealed new details as to what they’ll be like. The lounges will be located at Dallas-Fort Worth, opening in late summer 2021, and Washington-Dulles, opening in 2022.

Get all the details of the new transfer partners, improved transfer ratios and perks of the new lounges in our full Capital One article.

Oct. 9 - Citi Adds New 5X Bonus Category for 2020

Now through the end of 2020, holders of the Citi Prestige® Card can now earn 5 ThankYou points for every dollar spent on online, cable and streaming purchases. There are more than 20 eligible providers, including Amazon Prime Video, Apple Music, Disney+, ESPN+, HBO and Netflix. This new bonus category joins air travel and restaurants as purchases on which cardmembers can earn 5x points.

June 24 - Bank of America® Adds Limited-Time Dining, Grocery Perks

From now through Dec. 31, 2020, holders of the Bank of America® Travel Rewards credit card and the Bank of America® Business Advantage Travel Rewards World Mastercard® credit card can redeem points for grocery store, dining and takeout purchases at a rate of 1 cent per point. Those points are usually worth 1 cent only when redeemed for travel purchases. They usually have a lower value for other redemptions, like cash back or gift cards.

Meanwhile, holders of the Bank of America® Premium Rewards® credit card can receive up to $50 in statement credit for grocery store, dining and takeout purchases, also from now through Dec. 31, 2020. Credits will be applied automatically when you use the card for purchases in these categories.

May 1 - Citi Extends Sign-Up Bonus Windows, Adjusts Travel-Credit Rule

Citi is extending for three months the time new cardholders have to meet a minimum spending requirement to get a bonus. It applies to all new cardholders who opened an account between Dec. 1, 2019, and May 31, 2020. That's a retroactive enhancement for some cardholders whose window of opportunity to meet the spending requirement has already closed.

Citi is temporarily expanding the categories of purchases that qualify for the $250 travel credit benefit on the Citi Prestige® Card.

Between May 1, 2020, and Dec. 31, 2020, cardholders can use the credit toward purchases at supermarkets and restaurants, including takeout — in addition to the usual travel spending.

Information related to the Citi Prestige® Card has been collected by NerdWallet and has not been reviewed by the issuer of this product.

How to Maximize Your Rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2021, including those best for: