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Big Changes (bad) Coming to US Bank Cash+?

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FutureBillionaire
Established Contributor

Re: Big Changes (bad) Coming to US Bank Cash+?


@nickn86 wrote:

I'd take pride in having a high net worth.  Having high credit limits just means an issuer sees you as a good customer and/or a customer they can make money off of.  Not too much pride to be taken in that.

 

This is different than taking a pride in fixing one's credit history.  That I can understand.  But at the same time, one shouldn't confuse a creditor offering credit to you as the creditor being "loyal" or "there for" you.  It's all a busimess, after all.

 

EDIT: And yes it's stilly to complain about this.  Clearly, U.S. Bank was losing money off its existing rewards scheme.  You can't expect them to keep doing that just because you like the card so much.  The new version of the card still looks superior to the other rotating cards anyway.


Folks that signed up for this card becasue it had the best bill pay category aren't silly for complaining about this change.  US Bank could have kept it and put a cap on there.  As a consumer, I signed up for a product that changed rather quickly and drastically.  I'm well within reason to state my displeasure.

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Message 61 of 71
jake619
Frequent Contributor

Re: Big Changes (bad) Coming to US Bank Cash+?

OK Everybody, USB replied to my FB inquiry about the (rumored) forthcoming changes.  Here's their response:

 

     

Message 62 of 71
FutureBillionaire
Established Contributor

Re: Big Changes (bad) Coming to US Bank Cash+?

When I called, I was advised that there was a 2k cap on the 5%.  I'm not sure why they aren't confirming that now.

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Message 63 of 71
jake619
Frequent Contributor

Re: Big Changes (bad) Coming to US Bank Cash+?

I think she took the vague route to encourage my application.
Message 64 of 71
bs6054
Valued Contributor

Re: Big Changes (bad) Coming to US Bank Cash+?

I wonder how Cell Phone is going to work.   Currently I have One Bill with Verizon, wireless and wireline charges come on, wait for it, one bill.  And I think it goes to Verizon Communications, which won't have a cell phone MCC.   So might have to change the billing to get the benefit...

Message 65 of 71
SwampSystems
Frequent Contributor

Re: Big Changes (bad) Coming to US Bank Cash+?

The bright side of this is that the Cash+ is getting 5% back on bookstores in April, which counters the Citi Forward (?) losing that. Can anyone confirm that Amazon.com bills as a bookstore with the Cash+?

Message 66 of 71
bs6054
Valued Contributor

Re: Big Changes (bad) Coming to US Bank Cash+?

I don't think the Forward is losing 5x on books.  Looks like another of the rumors that circulate.

Message 67 of 71
SwampSystems
Frequent Contributor

Re: Big Changes (bad) Coming to US Bank Cash+?


@bs6054 wrote:

I don't think the Forward is losing 5x on books.  Looks like another of the rumors that circulate.


I thought the Forward was being discontinued altogether.

Message 68 of 71
FutureBillionaire
Established Contributor

Re: Big Changes (bad) Coming to US Bank Cash+?

I think the forward is being repackaged as a visa signature.  I don't think it's going away.  Bookstores still get the 5x points.

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Message 69 of 71
scottwagnon
Valued Contributor

Re: Big Changes (bad) Coming to US Bank Cash+?

i have corrected my reply. it must have been late and i think i must have been sleepy.

 

 take value in high credit worth to compensate for the fact i have LOW net worth. i would gladly trade in high credit worth for high net worth with LOW credit worth in an instant.

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Message 70 of 71
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