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General question about reward cards - how often (if ever) do they change their rewards structure? For example, the AmEx Blue Cash preferred, will the 6% or 3% cash back reward ever change? I know we are trying to proedict the future, but it is nice to know what to expect? Further, even cards like US Bank Cash+, how long can they keep paying us for simply using their card without reducing rewards?
Bill
@Anonymous wrote:General question about reward cards - how often (if ever) do they change their rewards structure? For example, the AmEx Blue Cash preferred, will the 6% or 3% cash back reward ever change? I know we are trying to proedict the future, but it is nice to know what to expect? Further, even cards like US Bank Cash+, how long can they keep paying us for simply using their card without reducing rewards?
Bill
I think you basically answered it. When the product no longer is making them money, it is more than likely going to change!
jd,
Nice reply. I guess this only makes sense! Perhaps I should just stick to my minimum rewards platinum cards without having to worry about sockdrawer-ing rewards cards!
Bill
@Anonymous wrote:
@Anonymous wrote:how long can they keep paying us for simply using their card without reducing rewards?
I think you basically answered it. When the product no longer is making them money, it is more than likely going to change!
Just so happens there is a related story today.
Ha, I love it. Don't remember the card itself but you remember the dude selling the card? Do you like the baby too?
Capital One Cash Rewards, btw.
For some reason it really pisses me off that so many credit card websites list the Cap 1 Venture card as a travel rewards card. You don't earn miles or hotel pts/stays, you earn 2% cash that you can later deduct from a travel related charge. If you're trying to book an$800 flight to Europe & you have 50,000 pts on the venture card, you charge the flight on your card & deduct $500. That's not the same thing as as having 50,000 frequent flier miles or 50,000 Amex MR points or 50,000 Chase UR points that can easily be transferred to an airline program & redeemed for a free coach flight. It's more akin to a cash back card with redemption restrictions.
Also, surprised the Amex Starwood card didn't make the list of best travel cards.