topic Re: Do Chase and Capital One plan to release 2% cards? in Credit Cards

Do Chase and Capital One plan to release 2% cards?

rgd51 — Wed, 21 Sep 2022 08:38:17 GMT

Now that Citi and Wells Fargo have 2% cards with subs, anyone have knowledge on whether Capital One and Chase plan to do the same to compete?

Re: Do Chase and Capital One plan to release 2% cards?

C6 — Wed, 21 Sep 2022 09:46:45 GMT

The Venture and Venture X are already 2% cards. Very easy to redeem with the lookback feature.

Re: Do Chase and Capital One plan to release 2% cards?

FireMedic1 — Wed, 21 Sep 2022 10:15:44 GMT

@C6 wrote:
The Venture and Venture X are already 2% cards. Very easy to redeem with the lookback feature.

Dont know about X. Venture isn't really a 2% CB card. Yes it 2pts per dollar. But thats on travel realted charges you redeem the pts. If you want CB its reduced to a lower perecntage.

Re: Do Chase and Capital One plan to release 2% cards?

Hoben02 — Wed, 21 Sep 2022 13:41:21 GMT

I doubt chase goes that route with a general 2% catchall card all their cards have lockups with a company the reason you want United, southwest, etc you have to go thru them and besides usually a higher reward. Maybe the closest is the cfu and even though it's 1.5% you can maximize the return by transferring to travel miles

Re: Do Chase and Capital One plan to release 2% cards?

rgd51 — Wed, 21 Sep 2022 15:45:42 GMT

@Hoben02 wrote:
I doubt chase goes that route with a general 2% catchall card all their cards have lockups with a company the reason you want United, southwest, etc you have to go thru them and besides usually a higher reward. Maybe the closest is the cfu and even though it's 1.5% you can maximize the return by transferring to travel miles

Reason I ask this is because if they plan to make a 2% card I would wait until it's released and then apply for it since I bank with them and have my mortgage with them. Then again the double cash has a SUB right now so I'm tempted to apply for it.

Re: Do Chase and Capital One plan to release 2% cards?

Anonymous — Wed, 21 Sep 2022 16:11:22 GMT

Hoben02

The travel part is great but what if you don't travel?

Every day I keep my Chase Card and wonder? Do have cards that really give me value since I no longer travel? Yes!

Re: Do Chase and Capital One plan to release 2% cards?

M_Smart007 — Wed, 21 Sep 2022 16:47:48 GMT

@Anonymous wrote:
Hoben02

The travel part is great but what if you don't travel?

Every day I keep my Chase Card and wonder? Do have cards that really give me value since I no longer travel? Yes!

Oh but @Anonymous , you could have some 2% non-travel catback?

Plus you can get 5% off ✨snow shovel's✨ and ✨snow boots✨ ,

Maybe one could consider a "NEW" ❄️snow blower❄️?..delivered to your door?

(or close to, depending on how much ✨snow❄️ fall✨)

Just sayin

Re: Do Chase and Capital One plan to release 2% cards?

Kforce — Wed, 21 Sep 2022 16:53:37 GMT

@rgd51 wrote:
Now that Citi and Wells Fargo have 2% cards with subs, anyone have knowledge on whether Capital One and Chase plan to do the same to compete?

Both Capital One and Chase have not wanted to bring out a general spend 2% card for many, many years.

Know one knows but I would not be waiting for it.

My advise is to think about a new credit card as having a 3 or 4 year life.

Some cards go away, some get nurfed, some just get old as better cards come your way.

All my older cards are not the ones getting spend and giving the best rewards.

All the really excellent cards have come and gone over time, most made it 3-5 years.

Get the card that has the best value over the next few years for how you spend your money.

In my opinion It is just as easy to pay a credit card at another institution as where you bank.

It also might be better to not have all your eggs in one basket, as they say.

There is a credit union list on the forum with about 20+ CU's that have a ~2% card.

Wells Fargo or Citi are not your only choices.

Don't have the link handy, just search "List of general spend cards from credit unions"

Good Luck

Re: Do Chase and Capital One plan to release 2% cards?

Kforce — Wed, 21 Sep 2022 17:08:22 GMT

@Anonymous wrote:
Hoben02
The travel part is great but what if you don't travel?
Every day I keep my Chase Card and wonder? Do have cards that really give me value since I no longer travel?
Yes!

They can be used to scrape ice from your windshield

Re: Do Chase and Capital One plan to release 2% cards?

rgd51 — Wed, 21 Sep 2022 17:12:36 GMT

@Kforce wrote:
@rgd51 wrote:
Now that Citi and Wells Fargo have 2% cards with subs, anyone have knowledge on whether Capital One and Chase plan to do the same to compete?
Both Capital One and Chase have not wanted to bring out a general spend 2% card for many, many years.
Know one knows but I would not be waiting for it.

My advise is to think about a new credit card as having a 3 or 4 year life.
Some cards go away, some get nurfed, some just get old as better cards come your way.
All my older cards are not the ones getting spend and giving the best rewards.
All the really excellent cards have come and gone over time, most made it 3-5 years.
Get the card that has the best value over the next few years for how you spend your money.

In my opinion It is just as easy to pay a credit card at another institution as where you bank.
It also might be better to not have all your eggs in one basket, as they say.

There is a credit union list on the forum with about 20+ CU's that have a ~2% card.
Wells Fargo or Citi are not your only choices.

Don't have the link handy, just search "List of general spend cards from credit unions"

Good Luck

I don't want to have to deal with joining a credit union so I'm only looking at the major issuers. I prefer cash back as I rarely travel. I use my chase freedom unlimited as my daily driver but I could make that my dining card and then if I get the double cash that could become my everything else card.

Re: Do Chase and Capital One plan to release 2% cards?

Anonymous — Wed, 21 Sep 2022 17:32:51 GMT

@rgd51 wrote:
I don't want to have to deal with joining a credit union so I'm only looking at the major issuers. I prefer cash back as I rarely travel. I use my chase freedom unlimited as my daily driver but I could make that my dining card and then if I get the double cash that could become my everything else card.

If you feel a need for 2% cashback card to supplement that CFU, (with your restrictions of major issuer) then just go for the Citi DC. Like CFU, it can be a dual cashback/travel card if your needs every change. Don't wait in the vague hope that instutions who haven't produced 2% cards by now are going to do so soon. In the heyday of AOD/USAlliance etc, the question was will/when the big ones issue 3% cards. If cards like CFU and Quicksilver are happy enough at 1.5%, there doesn't seem a great deal of new pressure to change.

While I do happen to know that Chase WILL release their "Double the Freedom" card on [redacted month] 5 [redacted year], no-one else here will both a) know and b) be permitted to say. Large financial institutions don't like strategic plans appearing on public anonymous forums

Re: Do Chase and Capital One plan to release 2% cards?

Hoben02 — Wed, 21 Sep 2022 17:34:31 GMT

Well a possibility would be the bofa line of cards the reason being that they raise the reward level based on how much additional biz you do with them right now I have platinum honors so get 5.25% on certain cards. I think they came out with the unlimited cash at 1.5% but you can level up. I also like them for cashback becuz you can decide to bank the savings if you choose vs offsetting your purchases

Re: Do Chase and Capital One plan to release 2% cards?

rgd51 — Wed, 21 Sep 2022 18:22:56 GMT

@Anonymous wrote:
@rgd51 wrote:
I don't want to have to deal with joining a credit union so I'm only looking at the major issuers. I prefer cash back as I rarely travel. I use my chase freedom unlimited as my daily driver but I could make that my dining card and then if I get the double cash that could become my everything else card.
If you feel a need for 2% cashback card to supplement that CFU, (with your restrictions of major issuer) then just go for the Citi DC. Like CFU, it can be a dual cashback/travel card if your needs every change. Don't wait in the vague hope that instutions who haven't produced 2% cards by now are going to do so soon. In the heyday of AOD/USAlliance etc, the question was will/when the big ones issue 3% cards. If cards like CFU and Quicksilver are happy enough at 1.5%, there doesn't seem a great deal of new pressure to change.

While I do happen to know that Chase WILL release their "Double the Freedom" card on [redacted month] 5 [redacted year], no-one else here will both a) know and b) be permitted to say. Large financial institutions don't like strategic plans appearing on public anonymous forums

Are you being sarcastic or are you for real? Chase did released a 1.5% card later on to compete with the QS so doing a 2% wouldn't be much different it seems.

Re: Do Chase and Capital One plan to release 2% cards?

Anonymous — Wed, 21 Sep 2022 18:41:02 GMT

@Kforce wrote:
@Anonymous wrote:
Hoben02
The travel part is great but what if you don't travel?
Every day I keep my Chase Card and wonder? Do have cards that really give me value since I no longer travel?
Yes!
They can be used to scrape ice from your windshield

Nice real nice

Re: Do Chase and Capital One plan to release 2% cards?

Anonymous — Wed, 21 Sep 2022 19:11:53 GMT

@M_Smart007

Truth, I do have 2%+ cards so much less is a waste on my life spend at this time.

Also, Lowes got me a snow blower that I wanted and delivered it to me in June 2022 to my garage (took awhile back to the early winter 2021). They went to the manufacturer and obtained it rather than the usual supply chain. They impressed me big time!

There has been a hit and miss on lawn mowers and snow blowers for the last two plus years due to supply chain shortages here in the outback!

Re: Do Chase and Capital One plan to release 2% cards?

CYBERSAM — Wed, 21 Sep 2022 18:53:04 GMT

@rgd51 I did cancel Quicksilver earlier because that card is obsolete to me!

There are many 2% cards out there, it is almost a norm for flat reward cards!

I consider 1.5 cards rebuilding and noting more!

I'm also considering canceling Walmart CC because is no longer competitive, because I can use any 2% card in their stores.

Also you don't want too many eggs in one basket. Chase has many other reward cards, no need to grab a basic 2% from them even if they have it at some point.

Re: Do Chase and Capital One plan to release 2% cards?

C6 — Wed, 21 Sep 2022 18:59:31 GMT

@FireMedic1 wrote:
@C6 wrote:
The Venture and Venture X are already 2% cards. Very easy to redeem with the lookback feature.
Dont know about X. Venture isn't really a 2% CB card. Yes it 2pts per dollar. But thats on travel realted charges you redeem the pts. If you want CB its reduced to a lower perecntage.

What I was saying is I have quite a few charges that code as travel. Even a storage unit rental codes as travel. I never let my miles build up to such a high level so it's easy for me to redeem.

Re: Do Chase and Capital One plan to release 2% cards?

OmarGB9 — Wed, 21 Sep 2022 19:06:38 GMT

I doubt it. They both already have 1.5% cards, and unless they plan on getting rid of those, I just don't see it happening.

Re: Do Chase and Capital One plan to release 2% cards?

M_Smart007 — Wed, 21 Sep 2022 19:28:11 GMT

@Anonymous wrote:
@rgd51 wrote:
I don't want to have to deal with joining a credit union so I'm only looking at the major issuers. I prefer cash back as I rarely travel. I use my chase freedom unlimited as my daily driver but I could make that my dining card and then if I get the double cash that could become my everything else card.
If you feel a need for 2% cashback card to supplement that CFU, (with your restrictions of major issuer) then just go for the Citi DC. Like CFU, it can be a dual cashback/travel card if your needs every change. Don't wait in the vague hope that instutions who haven't produced 2% cards by now are going to do so soon. In the heyday of AOD/USAlliance etc, the question was will/when the big ones issue 3% cards. If cards like CFU and Quicksilver are happy enough at 1.5%, there doesn't seem a great deal of new pressure to change.

While I do happen to know that Chase WILL release their "Double the Freedom" card on [redacted month] 5 [redacted year], no-one else here will both a) know and b) be permitted to say. Large financial institutions don't like strategic plans appearing on public anonymous forums

I remember that @Anonymous ...Had once did the maths ..

on the difference between 1.5% & 2% Cash back?

Possibly LTL could give a little refresher and settle this issue? ..

I think unless one is spending a huge amount,

the .5% difference is probably not life changing? ... (but there could be exceptions, I guess)

Re: Do Chase and Capital One plan to release 2% cards?

rgd51 — Wed, 21 Sep 2022 19:29:37 GMT

@OmarGB9 wrote:
I doubt it. They both already have 1.5% cards, and unless they plan on getting rid of those, I just don't see it happening.

Wells Fargo did exactly that with the cash wise so it has been done before.