Offers: https://linktr.ee/rjfinancial
Cardless: https://youtu.be/QdcUByGGUmg
Links
Quicken Loans – $500 back after closing purchase or refinance http://rktrefer.com/rj1
Wallets
Bellroy Slim Sleeve – https://amzn.to/3ALFn0B
Bellroy Travel Wallet – https://amzn.to/3m5e0IY
Card Storage Wallet- https://amzn.to/3ibSz7K
Debit Card Wallet – https://amzn.to/3zGJBFr
Camera gear
Sony A7S3 Camera- https://amzn.to/3uf0Yfs
Lens 16-35mm – https://amzn.to/3AOcAIO
Tripod – https://amzn.to/2Y2vVId
Audio gear
Yeti X Mic – https://amzn.to/3kLXvC2
Sony Shotgun Mic – https://amzn.to/3CNZ5cQ
Wireless Lapel Mic – https://amzn.to/3kKGN63
Elgato Key Light – https://amzn.to/39E64IV
Desk/Computer
Mouse Logitech MX Master 3 – https://amzn.to/3kKGl7Z
Keyboard Logitech MX Keys – https://amzn.to/3kIrvyL
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LG Ultra Fine 4k Monitor – https://amzn.to/3EV5GnC
MacBook Pro – https://amzn.to/3CPVgnl
Chapters
0:00 Hey
0:44 Marriott Business
2:06 Amex + Cardless
4:17 Rakuten
5:55 Apple + CFPB
8:44 Payment Networks
11:38 Bye
24 Comments
Thanks for tuning in! Last call on the easiest $100 bank bonus offer I've seen in a long time – https://youtu.be/OfO_fFSCxHY
First!!!
Great video RJ!!! Thanks for the update!!! Happy Sunday!!!
It was crazy to me that a Visa card ever offered MR points to begin with. Seemed like a bad business decision for both Visa and Amex.
Thanks for the Sunday Updates RJ! Question: do you have any Marriott cards? I have 3 of them but debating on upgrading that the Ritz Carlton 🧐
Are you RJ going to catch C-SPAN online to see the past or live committee meetings for the "swipe" fees?
Hope WF gets the rakuten CC, would be great addition to my trifecta.
When are you actually going to pull out the suit again, RJ?
I have the Rakuten card. I didn't really use it, but I am bummed, I am losing the age and utilization.
RJ,
Awesome video brother. Those stories were great buddy. So much going on this week. The ratuken visa was a niche card people had to use ratuken to get value from it. But maybe a bigger bank like Citi or WF maybe could pick it up and make it better and have more rewards or multipliers. Always appreciate the content and the video you put out. Glad I can help you with some of these stories. 🙂😆
Great info 👍
You’re missing the news on US bank
I have the Rakuten visa and I got the email explaining the news and I hadn’t used it in so long I didn’t I didn’t know how to feel about it. I saw some opportunities to grab the extra 3% that was provided with Rakuten purchases but it seemed like the Amex cards inhad were doing the trick.
I am dreaming about the rumored Ultra Premium Amex Marriott card with Platinum status and 85k pts anual free night certificate. With these two benefits plus a few more I am willing to pay $1,000 AF. Cheers brother 🍻.
As long as these payments networks don’t pass down costs to the consumer since they’d presumably be losing out on some profit with lower swipe fees, I think it could be a good idea! Competition is always a good thing unless that competition hurts us common folk, which tends to happen pretty often. I’d be interested to see how that unravels down the line. Great video RJ!
I have the Rakuten CC, but I did not use it much, so I was not too sad about the news. I also have the Boston Celtics CC from Cardless, so Cardless switching to the Amex payment network is interesting. This could make the Cardless cards more attractive to some people.
Hey RJ, when are we going to make a strategic in AMERICA by eliminating the federal income tax?
RJ, I have the Rakuten Card…used it once for the bonus and threw it in my Apple Wallet….never used again
There was a time when I had the SPG Business and Marriott Brilliance. That loyalty dwindled to one stay in 2021, nothing booked this year. Still, that business card is better than it used to be, and even as an accessional guest, I could see the draw.
I probably mentioned this before, but I had a 6 week ordeal trying to straighten out one reservation, with 8-10 calls to customer service. The manager at our location was stupid stubborn, and kept extending our stay, and adding new reservations to overlap the nights. She had me down for 3 rooms, checking in early, and staying later, etc. I got the stink eye just walking to my room. Guest service said that she hung up on them, and asked me to try to reason with her. To make matters worse, half these customer service reps had no idea what they were doing, and Marriott's not organized enough to process a complaint.
I'm slowly, but steadily, leaving the Bonvoyed program and switching over to Hilton/Hyatt. Thanks for the video!
The way they are trying to structure the swipe fee legislation will never fly. Merchants agree to the rates for Visa, Mastercard, Amex and Discover in the contracts they sign with those processors to be part of their networks. To all the sudden pay them someone else's rate would be a breach of contract. The commerce clause in the constitution allows regulation between states, countries and Indian territories, but this would be a regulation on two individual entities. Amex would sue right away considering their business model is more based on the swipe fees than interest on people carrying balances. They would argue that the merchants knowingly agreed to the fees in the terms of service of the contract and could even site how many merchants refuse to do business with them because of their elevated swipe fees. Also, this would be an unfair dictation on how Amex chooses to do business, and the Supreme Court should take their side. Something like a federal cap on swipe fees has a far better chance of holding up as the government could then argue this is regulating state commerce, and there would still be negotiating room for the processors themselves. There's no longer the individual component of the issue.
I though I just saw Saturday somewhere from one of your links $120 for Secured Checking on Chase but seem to only find $100 though they website. Do you have the referral link?
I used rakuten cc whenever I shop on rakuten but since then switched to MR points instead of cash back. So does this impact my credit score if they close this CC? I have like $15,000 credit line on the card.
With as large as Chase is it still surprises me sometimes that they haven't done like American Express and opened their own payment network. I don't think Citi or such would benefit from this as much as Chase could. Beyond that Idk regulation will be lobbied. Politicians saber rattle to get money or votes. Sorry. Lack faith in genuine caring. Haha
Rakuten had a cc card. Well I'll be. lol