05-09-2013 04:34 PM
Also, I live near a branch, so I will apply in the branch. Will I need to open an account?
AFAIK you do not need an account.
Good luck to you!!
05-09-2013 05:29 PM
Are you in a state which has US Bank? I heard that they don't offer cash+ online/on phone
I called last year and asked a rep: He said the policy had changed.
The Cash + is a card I've wanted for years but really have no use for. I've plenty of cards and really want to close two in about two years.
05-09-2013 06:05 PM
Yes, now I know about the caps, this card has gone from A+ (last year) to maybe a B- at best. It's fine if you have a lot of spend in two of the available 5% categories, so you can maximize the up to $400 cash back. Then you still have the 2% category, but there are better cards for each of those usually.
But if you value UR points for example, the Freedom is going to be better (if you have spend in their rotating categories). Of course, without an AF, if you are able to apply, and can take the HP, you can get it in addition to the alternatives.
But no longer a card worth moving to US Bank territory to get!
05-09-2013 06:45 PM
um, does this mean people who ALREADY have the card are now capped too? Or is this just for new applicants?
05-09-2013 06:54 PM
I have to check the statements. The reduction in the $25 bonus (once per year) was announced in my most recent statement, but haven't seen anything about the cap.
05-09-2013 06:59 PM
This seems like "over-nerfing"! It makes sense to cap (like BCP) or to remove abused categories, but doing both, and removing the bonus, seems excessive.
With the cap, the max exposure for bonus purchases is $400 a year, and keeping the bonus, that would be $500. Yes, if they didn't change the bonus, there's the chance of people doing tons of 1 and 2% spend, but I would think that that is profitable for the bank.
So all I can think of is that they expect people won't even reach the $2000 per quarter in these categories, whereas with bill pay they would. But not sure, with Amazon being part of bookstores, I would think most can!
05-10-2013 12:19 AM
I just got off the phone with US Bank.
For people whom have already applied, got approved, received their cards and have already selected their categories before May 1st 2013, it is still unlimited 5%.
For new applicants now or for customers who have yet to select their 5% categories, they will be limited to $2000 for 5%.
However starting July 1st 2013, everyone will fall under the new $2000 cap.
Damn it I selected Electronics and Restaurants. Should have went with bookstores and electronics.
Guess I'll buy all my stuff from best buy for these 3 months. Gonna order 10 dyson vacuums and set them aside in advance as housewarming gifts lol.......
05-10-2013 01:00 AM
Shaking my head!
bout the cap right?
meh still a good card for no AF I suppose.
I just wish the cap would have been higher, but beggars cant be choosers I guess.