Now you can earn Marriott points at the grocery store
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Not many folks are traveling these days. That means consumers who normally rack up rewards on travel cards are, therefore, not seeing as much benefit. So global hospitality company Marriott is now offering six loyalty points per dollar spent on grocery purchases using its American Express and Chase credit cards through July 31.
“What Marriott’s trying to do here is to capitalize on the fact that so many people are doing a ton of grocery shopping these days,” said Ted Rossman, an industry analyst at CreditCards.com.
Rossman said Marriott is trying to make sure its card stays at the top of people’s wallets, even if they’re not booking a hotel room. And American Express and Chase want Marriott to give people an incentive to use its cards.
“A credit-card issuer makes money on every transaction that takes place,” said Bill Hardekopf, CEO of LowCards.com. Merchants have to pay a swipe fee when the card is used.
“Even if the transactions are small, you’re still going to make money,” he said.
Marriott also tries to make it attractive for cardholders to use those points at its properties. So when people do travel again, the company is effectively juicing its hotel usage.
COVID-19 Economy FAQs
What’s the latest on the extra COVID-19 unemployment benefits?
As of now, those $600-a-week payments will stop at the end of July. For many, unemployment payments have been a lifeline, but one that is about to end, if nothing changes. The debate over whether or not to extend these benefits continues among lawmakers.
With a spike in the number of COVID-19 cases, are restaurants and bars shutting back down?
The latest jobs report shows that 4.8 million Americans went back to work in June. More than 30% of those job gains were from bars and restaurants. But those industries are in trouble again. For example, because of the steep rise in COVID-19 cases in Texas, Gov. Greg Abbott, a Republican, increased restrictions on restaurant capacities and closed bars. It’s created a logistical nightmare.
Which businesses got Paycheck Protection Program loans?
The numbers are in — well, at least in part. The federal government has released the names of companies that received loans of $150,000 or more through the Paycheck Protection Program.
Some of the companies people are surprised got loans include Kanye West’s fashion line, Yeezy, TGI Fridays and P.F. Chang’s. The companies you might not recognize, particularly some smaller businesses, were able to hire back staff or partially reopen thanks to the loans.
You can find answers to more questions on unemployment benefits and COVID-19 here.
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