Travel, Fitness, Self and Home Improvement Spur... - Other News

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Travel, Fitness, Self and Home Improvement Spur Spending

Travel, Fitness, Self and Home Improvement Spur Spending

Add to Favorites:
Travel, Fitness, Self and Home Improvement Spur Spending
April
25

Spending was sluggish at the start of this year – but consumers were more willing to spend in some areas than in others. Travel, self-improvement and fitness all showed increases in spending in the first quarter of 2013, according to the Chase Freedom Lifestyle Index.

The index tracks spending based on actual Chase Freedom cardholder data, rather than polls or surveys. The data measures how much people are really spending, versus how much they plan to spend or think they spend.

During the first quarter of 2013, overall spending was down 9% from the previous quarter, and flat compared with the same quarter in 2012. There was increased spending on fitness facilities, sporting goods, classes and lessons, probably to help folks keep their New Year’s resolutions.

Home improvement also saw a spike in spending after the holidays, as did travel. Airfare, hotels and rental cars were popular spending categories as people took winter vacations and spring break trips.

Spring fever = spending

In March alone, home improvement spending jumped 25% over February, and clothing purchases increased by 28%. Also during March, rental car spending rose 24%, hotel spending was up by 23% and airline spending increased by 12%.

Chase Freedom cardholders get bonus cash back cash back rewards in rotating categories. This quarter the bank is offering 5% cash back at movie theaters, restaurants and Lowe’s home improvement stores. Now through June, the first $1,500 in purchases at any of those places will earn 5% cash back, up to $75 per cardholder. They must first activate the reward, which they can do by phone, web, text, or Facebook.

First Friday promotion for Chase Sapphire Preferred

Chase is also doing its bid to stimulate the economy with a First Friday rewards promotion for Sapphire Preferred credit card. Cardholders get an extra reward point per dollar spent on dining the first Friday of every month starting May 3rd. The promotion lasts through December 6, 2013, and offers three points per dollar on dining.

Chase’s First Friday Favorites app lets customers make reservations at select restaurants via OpenTable. You can download the app on the Chase Sapphire Facebook page.


All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Money is Not the Key to Happiness
Money is Not the Key to Happiness

Posted: May 20, 2013

Getting rich is still a popular goal, but success can be measured by good health, happy relationships, and work satisfaction, according to an AmEx survey. Continue reading
Shoppers Plan to Blow Budgets on Big-Ticket Items
Shoppers Plan to Blow Budgets on Big-Ticket Items

Posted: October 04, 2013

With the end of the year in sight, people are taking stock and deciding how much they can afford to spend from now through the end of the holiday season. According to a recent survey, many of them are feeling confident about their ability... Continue reading
U.S. News & World Report Names Best Travel Rewards Programs
U.S. News & World Report Names Best Travel Rewards Programs

Posted: August 14, 2017

For the third year in a row, Alaska Airlines Mileage Plan took the top spot in U.S. News & World Report's 2017-18 Best Travel Rewards Programs rankings, with Delta SkyMiles coming in second. When it comes to hotel rewards programs Marriott... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
For Excellent, Good Credit
Our application is quick and easy with instant pre-qualification available
For Fair / Good Credit