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New cards, new rewards!

By Janna Herron · Bankrate.com
Thursday, January 26, 2012
Posted: 3 pm ET

Some exciting new credit card products and perks came out of Chase and American Express this week.

First off, Chase unveiled its Disney's Premier Visa Card on Wednesday. Cardholders can earn 2 percent in rewards on credit card purchases at restaurants, grocery stores, gas stations, and at most Disney locations at Disney World Resort, Disneyland Resort, Disney cruises and Disney stores. Cardholders get 1 percent in rewards on all other purchases.

Rewards can be redeemed for Disney hotels, theme park tickets, cruise tickets, movie tickets and Disney merchandise. The rewards can also be used toward any flight with no blackout dates by getting a statement credit after the airline purchase.

The credit card issuer said the new card is in response to consumers' desire to earn rewards faster.

In a similar vein, American Express is making its membership rewards more valuable for certain travelers.

The card issuer said Wednesday that 1,000 membership rewards now convert to 20 miles on EL AL Israel Airlines' frequent-flier program. Before, cardholders needed 1,050 rewards points to get 15 miles toward a flight on the Israeli airline.

The change means a round-trip economy flight from New York City to Tel Aviv takes 70,000 rewards points, compared with 98,000.

American Express also said cardholders can enroll in EL AL's frequent-flier program for free, versus $25 for everyone else.

Have you noticed any changes to your rewards card?

Follow me on Twitter: @JannaHerron.

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1 Comment
chili chan huynh
February 10, 2012 at 3:07 pm

hi , my name is chili chan huynh. i want my credit cards.