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@ztnjpv wrote:takeshi74 said:
As indicated above downgrade was the point for PenFed. It technically wasn't the same card. There was a lot of backlash (popular discussion topic on credit related sites all over not too long ago) and they backpedaled.
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I think that's exactly it. I remember all that talk on the credit blogs and here as well. The consensus was pretty simple: How is lower rewards an upgrade? PenFed thought the Visa Sig features would somehow dupe people into thinking it was a better card despite the lower reward structure. Well, customers spoke loud and clear and here we are with the 5/3/1 maintained.
Sure, they downgraded the point value from 1 cent to about .85 cents but it's still better than switching to 3/2/1 at a penny each.
All's well that ends well I suppose. I just don't like the vertical style. It's gonna take a while to get used to which side is "up" when I put it back in the wallet. I keep looking to see where the strip is before I put it back in the wallet. hahahaha
Well, the most important thing is to change your sig so we can see the vertical card messing up the alignment!
At the time of all the changes, I was concerned as this was one of my major cards, but with the nerfing, and the rise of Amex BC (and Sallie Mae), my Penfed cards are now in a niche, "supermarket spending abroad" which is currently pretty small!
Lurker,
hahaha. Yes, I was looking at my sig line wondering how it would work. I may just leave it be for the sake of sleek, clean lines. ;-)
Yeah, at the risk of being forced down to 3/2/1, I was getting ready to banish this card to obscurity and replace it with others. It's safe for now in its gas/groceries/walmart sc role. As a Visa, it's still a top choice for groceries when you grocery shop at walmart sc's (which my family does) since the Amex cards don't treat Walmart SC's as a supermarket. Nice thing is that everything in Walmart is treated under the same code so that's a lot of stuff subject to that 3 pt per dollar reward.
Glad you were able to figure that out and it worked out favorably.
@longtimelurker wrote:
@lg8302ch wrote:That is good and also how it is supposed to be. Why should the same card give better rewards for Platinum than for Signature versions? That simply would not make sense and would be a downgrade for the customer
Well, the Platinum version is no longer available, so they were (originally) really planning the new card to be a downgrade. Then they would have to deal with what to do with existing users. They have already nerfed the point values, so I guess for now that was enough!
The platinum version is available on the site.
Also, this card still has some valuable use for MS. I have a platinum version and a siganture version. I use both frequently.
Aesthetically, the card is cheap and flimsy. I'm not a fan.
@FutureBillionaire wrote:
@longtimelurker wrote:
@lg8302ch wrote:That is good and also how it is supposed to be. Why should the same card give better rewards for Platinum than for Signature versions? That simply would not make sense and would be a downgrade for the customer
Well, the Platinum version is no longer available, so they were (originally) really planning the new card to be a downgrade. Then they would have to deal with what to do with existing users. They have already nerfed the point values, so I guess for now that was enough!
The platinum version is available on the site.
Where is it available? I only see the sig version and the Cash Rewards card among the Platinum ones
@FutureBillionaire wrote:Also, this card still has some valuable use for MS. I have a platinum version and a siganture version. I use both frequently.
Aesthetically, the card is cheap and flimsy. I'm not a fan.
Really? For what, 1.6% drug store, 2.5% grocery?