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New Visitor
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
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
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
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
Posts: 342
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? Smiley Very Happy

 

Capital One Cash Rewards, btw.

New Contributor
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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