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New Visitor
sanantoniomissions
Posts: 3
Registered: ‎08-23-2012
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Re: rewards cards quick look 2012

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

Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012
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Re: rewards cards quick look 2012


sanantoniomissions 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!

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
New Visitor
sanantoniomissions
Posts: 3
Registered: ‎08-23-2012
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Re: rewards cards quick look 2012

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

New Contributor
CreviceTool
Posts: 51
Registered: ‎08-14-2012
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Re: rewards cards quick look 2012


jd5189 wrote:

sanantoniomissions 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.

Frequent Contributor
Roarmeister
Posts: 332
Registered: ‎04-21-2012
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Re: rewards cards quick look 2012

Ha, I love it.  Don't remember the card itself but you remember the dude selling the card?  Do you like the baby too? :smileyvery-happy:

 

Capital One Cash Rewards, btw.

AMEX_PlatinumBMOWorldMCCapOnePlatinumMBNA_Platinum+ScotiaMomentum
____$25k_______$20k_______$20k_______$25k_______$25k____
Starting Score: 676 Feb 2008; Current Score: 790 EQ; 824 CA, Nov. 2014; TU 814, Oct. 2014; Goal Score: 800 by end of year Oldest Account reported by EQ: 12 years; EQ AAoA: 5.7 years; EQ Credit Utilization: 2.8%
New Contributor
LilNYC
Posts: 184
Registered: ‎07-08-2012
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Re: rewards cards quick look 2012

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.

Citi Thank You $13,200 - Chase Freedom $3,100 - AMEX Zync NPSL (init. ability $17.5K) - Citi Forward $7,000 - AMEX BCP $6,000 - USAA Rate Adv $15,000 - USAA World MC $12,000 - Discover More $4,000 - Amex Hilton Honors $4,500 - Amex SPG $2,000 - Barclay's Priceline Rewards $6,400 - Chase Sapphire Pref. $7,500

EQ: 794. TU: 704. EX: 755

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