topic Re: Rakuten Visa losing benefits in Credit Cards

Rakuten Visa losing benefits

furthur — Sat, 31 Oct 2020 03:28:22 GMT

Received this email today. It wouldn't be a deal-breaker for me, but just thought I'd share to inform. My card is the Visa Platinum version, not Visa Signature. I'm not sure if both versions are losing these benefits.

I'm curious to see what the "new Visa benefits" are though...

Re: Rakuten Visa losing benefits

Anonymous — Sat, 31 Oct 2020 05:09:13 GMT

Another one to add (along with Opensky) to https://ficoforums.myfico.com/t5/Credit-Cards/Langley-BoA-USAlliance-and-Comenity-Nerf-Their-Cards/m-p/6156640, all changing Feb 1

Re: Rakuten Visa losing benefits

Loquat — Sat, 31 Oct 2020 05:17:24 GMT

Yep, got this message today on my Rakueten and Cathay Pacific Visa's. Seems to be a trend...

Re: Rakuten Visa losing benefits

wasCB14 — Sat, 31 Oct 2020 07:34:50 GMT

The only Visa I'm concerned about losing the EW on is Costco...and I hope the retailer's leverage with Citi makes them keep that.

My few rentals go on Amex, where I just pay per rental for the premium coverage.

Re: Rakuten Visa losing benefits

UH_HUH — Sat, 31 Oct 2020 12:38:11 GMT

@furthur wrote:
Received this email today. It wouldn't be a deal-breaker for me, but just thought I'd share to inform. My card is the Visa Platinum version, not Visa Signature. I'm not sure if both versions are losing these benefits.

I'm curious to see what the "new Visa benefits" are though...

Got both myself a little after midnight.

Cathay Pacific and Rakuten.

Re: Rakuten Visa losing benefits

UpperNwGuy — Sat, 31 Oct 2020 12:50:44 GMT

Sounds to me like one of two things happened. Either the insurance company that provides the coverage raised the rates they charged the credit card companies, or the insurance company decided to get out of the business of providing this insurance.

Re: Rakuten Visa losing benefits

notmyrealname23 — Sat, 31 Oct 2020 16:27:13 GMT

@wasCB14 wrote:
The only Visa I'm concerned about losing the EW on is Costco...and I hope the retailer's leverage with Citi makes them keep that.

My few rentals go on Amex, where I just pay per rental for the premium coverage.

Same, losing the rental coverage on my Cathay Pacific Visa on 2/2021, which I basically got as a churn card that I would be dumping around 2/2021 anyway, before the $95 AF shows up, barring any amazeball retention offers (which I gather aren't typically a thing on this card).

I do a lot of car rentals, which go on my AMEX Green anyway for 3x.

Re: Rakuten Visa losing benefits

comfortably_numb — Sat, 31 Oct 2020 17:44:43 GMT

I received notices this morning that my Nissan Visa and Cheapo Air Visa are losing these benefits. I use my Nissan Visa often to rent cars. I wonder if this is a Visa thing or a Synchrony thing?

Re: Rakuten Visa losing benefits

notmyrealname23 — Sun, 01 Nov 2020 00:13:51 GMT

@comfortably_numb wrote:
I received notices this morning that my Nissan Visa and Cheapo Air Visa are losing these benefits. I use my Nissan Visa often to rent cars. I wonder if this is a Visa thing or a Synchrony thing?

Visa.

https://ficoforums.myfico.com/t5/Credit-Cards/Langley-BoA-USAlliance-and-Comenity-Nerf-Their-Cards/m...

OpenSky is dumping their car rental coverage too.

Re: Rakuten Visa losing benefits

comfortably_numb — Sun, 01 Nov 2020 00:29:33 GMT

I called Card Benefit Services after I posted that and they said it's banks opting out. So some Visa cards may still have it.

When I rent cars going forward, I plan to use my Capital One Savor card, which is a World Elite Mastercard. It appears to have identical benefits as the visa collision damage waiver. Plus it gets you into the President's Club at Avis.