Breaking Points: Credit Card News

Southwest is targeting some cardholders with a 30% bonus on all Rapid Rewards points earned from purchases made between July 1 and September 30, 2026. You must spend at least $3,000 during the promotion and register here to be eligible. Bonus points are capped at 20,000 and count toward Companion Pass qualification, but not A-List or A-List Preferred status. Keep in mind this is a 30% bonus on the points you earn from spending, not 30x points. For example, spending $3,000 on a 1x purchase would earn 3,000 base points plus 900 bonus points. This isn't a promotion we'd shift spending for, but it's a nice bonus if you were already planning to use your Southwest card during the promotion period.

American Airlines Vacations is offering up to 11x AAdvantage miles and Loyalty Points on vacation packages booked between July 1 and September 30, 2026, for travel through July 31, 2027. There is no minimum spend or minimum stay requirement, and the promotion is valid on all destinations booked through AA Vacations. The biggest catch is that the miles and Loyalty Points earned are split equally among everyone on the reservation rather than being credited solely to the primary traveler. The earning rate is based on the highest elite status held by anyone on the booking, so everyone benefits if one traveler has status. Be sure every traveler has an AAdvantage account, or their share of the miles and Loyalty Points could be lost.

Although the public offer on the Atmos Summit Visa has returned to its standard 80,000-point bonus, there are still direct links available for the elevated 100,000-point offer. This version still includes the 25,000-point Global Companion Award but no longer includes the 50% flight discount that was part of the limited-time promotion. The spending requirement is $6,000 in the first 3 months. We don't know how long this link will remain active, so if you've been considering the card, it may be worth applying sooner rather than later.

Chase is targeting some cardholders with a 15% statement credit on paid Under Canvas stays of $450 or more, up to a maximum of $70 back. The offer expires August 31, 2026. If you're planning an Under Canvas stay, this can stack with several other promotions, including 11x points on paid stays with eligible World of Hyatt credit cards, 1 American Airlines AAdvantage mile per dollar spent on paid stays, and Hyatt's current promotion offering 2,000 bonus points on eligible stays beginning with your second qualifying stay. If you're redeeming points instead of paying cash, Hyatt is also offering a separate 15% points rebate on Under Canvas award stays.

Capital One Offers is targeting some cardholders with an extra 2x miles on paid Hyatt stays booked directly with Hyatt. Since you'll still be booking directly with Hyatt, you'll continue to earn World of Hyatt points, elite night credits, and receive eligible elite benefits during your stay. This could be worth activating if you already have a paid Hyatt stay planned, particularly if you don't have a Hyatt credit card that earns a higher return. The offer excludes stays in Europe, Africa, the Middle East, and Asia-Pacific.