Amex adds virtual Equinox gym credit for select cardholders

© Provided by The Points Guy

MSN has partnered with The Points Guy for our coverage of credit card products. MSN and The Points Guy may receive a commission from card issuers.

More people than ever are participating in at-home workouts. For months, gyms and fitness studios were closed. Many of these facilities are now beginning to reopen, with gym-goers needing to weigh the risk of exposure while navigating new COVID-19 procedures.

According to a TD Ameritrade study, gym membership cancellations have been booming — up a whopping 563% year over year. That’s why fitness brands are going all-in on a hybrid blend of virtual and in-person workouts.

For more TPG news delivered each morning to your inbox, sign up for our daily newsletter.

Virtual fitness platforms, such as Peloton, stayed ahead of the curve. And earlier this year, popular boutique fitness brand Equinox launched a virtual workout app of

Read More

U.S. Life/Health Credit Rating Upgrades Outnumber Downgrades in First-Half 2020

The U.S. life/health industry saw more credit rating upgrades than downgrades in first-half 2020, driven primarily by improved levels of risk-adjusted capitalization. However, according to a new AM Best special report, negative rating actions could increase in the second half of the year as the COVID-19 pandemic negatively impacts companies’ sales, operations, operating performance and investments.

The Best’s Special Report, titled, “Life/Health Upgrades Outnumber Downgrades in First-Half 2020,” states that AM Best upgraded the Long-Term Issuer Credit Ratings of 12 rating units and downgraded four among life/annuity (L/A) and health carriers in the first half of 2020, compared with 15 upgrades and four downgrades in the first half of 2019. Upgrades were more concentrated in the L/A segment, which reported eight upgrades. Nearly 80% of rating actions in first-half of 2020 were affirmations, consistent with most years.

Positive rating developments for L/A/ carriers was mostly due to increased strategic

Read More