Coping with Nerfed Rewards & Keeping up AAoA

[celluloid17]

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@wiivile wrote:

 For example, I want to apply for the Citi Double Cash, but I'm sure it will be nerfed because 2% on everything with no annual fee and no cap just seems too good to be true for me (even though the Fidelity card already exists, it requires a Fidelity account which is a small 'catch').

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The Double Cash card is only a 2% card when you pay off your balances, otherwise it's only 1%.  They were smart to build that little catch into the structure so those that are prone to carry a balance will end up seeing smaller/slower rewards return.  It's similar to BOA's Better Balance Rewards card in that you're essentially being rewarded for paying your bill.  I presume that since not all of the cardholders will be getting 2% back they will be able to sustain this card for awhile without nerfing it.  

[Luscher]

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@wiivile wrote:

Is AMEX the only one that does backdating? I generally don't like AMEX, because it doesn't work well overseas and even here in the U.S., lots of places don't take it.

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AMEX is accepted at over 4.5 million merchants and over 100 countries. 

[SunriseEarth]

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@celluloid17 wrote:

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@wiivile wrote:

 For example, I want to apply for the Citi Double Cash, but I'm sure it will be nerfed because 2% on everything with no annual fee and no cap just seems too good to be true for me (even though the Fidelity card already exists, it requires a Fidelity account which is a small 'catch').

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The Double Cash card is only a 2% card when you pay off your balances, otherwise it's only 1%.  They were smart to build that little catch into the structure so those that are prone to carry a balance will end up seeing smaller/slower rewards return.  It's similar to BOA's Better Balance Rewards card in that you're essentially being rewarded for paying your bill.  I presume that since not all of the cardholders will be getting 2% back they will be able to sustain this card for awhile without nerfing it.  

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+1

[Chris679]

Here's my strategy: make all credit decisions based on what will make/save me the most money. Any short term drop in AAoA also creates a thicker file that in the long run will help resist that very same thing. Never let your credit score cost you money, I cannot repeat that mantra enough.