Credit Cards

[shinedown87]

I found the following information posted by "Kwongaroo" HERE on slickdeals.net:

"I love this card, but lots of changes are coming. Top categories are going away (bill pay, airlines, home improvement), but they are adding bookstores, sporting goods and cell phone. The whopper though...only one $25 bonus per $100 redemption per year. There will also be a $2000 spend cap on the 5% category. I assume that amount is quarterly but I'm trying to find out."

It was confirmed by another poster ("ISFBeast") who claims to work for US Bank.  

Take it with a grain of salt.  I have no idea how accurate this is, but thought I would pass on the information.  

[blondy250]

Nonsense.

[jsickz32]

This is always gonna happen with cards with the best rewards. Some people just abuse the rewards until banks cap them or change/lower the rewards

[Open123]

Wouldn't be surprising, since US Bank won't be able to continue offering unlimited rewards on bill pay allowing people to pilfer for 5% on huge insurance payments.  Just about all 2% and up cash cards are capped and otherwise restricted for this reason.

Like every other 5% cashback card, I think US Bank will have to place some restrictions.  This reminds of Comcast and the period of "unlimited" bandwidth.  This became an issue when 1% of the users would abuse this for many times more bandwidth than the normal users, which lead to the now 250 GB bandwidth cap.

I think US Bank will have to make some changes to their program.  It won't survive the arbitrage opportunities their program offers in its current manifestation.

[android01]

I've read on other forums of individuals using their personal Cash + card to pay the utility and phone bills for their businesses to the tune of thousands of dollars each month to get the rewards.  I wouldn't be surprised if USBank modifies their rewards program.  

[nishant1]

Do not worry about what may happen. Keep doing what you are doing with so much credit cards options available.

If something it too good, it may not last forever.

There is always a possibility that 1% cash back which we take for granted from any card may also be reduced by all the companies as economy improves.

Credit card companies give rewards to retain market share and make money. If that does not happen, the reward can go away

[astritaho1979]

there  always change on their programs but overall us bank sucks when it comes to stability towards programs and rewards

[Open123]

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nishant1 wrote:

There is always a possibility that 1% cash back which we take for granted from any card may also be reduced by all the companies as economy improves.

Credit card companies give rewards to retain market share and make money. If that does not happen, the reward can go away

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Right, which is why all things being equal, the best "reward" is the sign up bonus.  It is certain, clearly defined, and received in the "here and the now."  I've always believed that a stipend received now is much more valuable than later or over time.

The ongoing rewards is abstract (since it can always change), but the "here and the now" is certain and the most important.

[tennisfan78]

Too bad.

[ztnjpv]

This sucks. 

Since July, I have racked up over $1200 in cash back. Too good to be true I guess....