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Established Contributor
FutureBillionaire
Posts: 641
Registered: ‎12-12-2012
0

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
Frequent Contributor
jake619
Posts: 496
Registered: ‎11-13-2012
0

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:

 

     


GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



Established Contributor
FutureBillionaire
Posts: 641
Registered: ‎12-12-2012
0

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
Frequent Contributor
jake619
Posts: 496
Registered: ‎11-13-2012
0

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

I think she took the vague route to encourage my application.

GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

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...

Frequent Contributor
SwampSystems
Posts: 358
Registered: ‎06-25-2012
0

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+?

Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

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.

Frequent Contributor
SwampSystems
Posts: 358
Registered: ‎06-25-2012
0

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.

Established Contributor
FutureBillionaire
Posts: 641
Registered: ‎12-12-2012
0

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
Valued Contributor
scottwagnon
Posts: 1,344
Registered: ‎02-07-2010
0

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

[ Edited ]

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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