topic Re: Credit Card FOMO in Credit Cards

Credit Card FOMO

shadanat — Thu, 04 Jun 2026 13:57:53 GMT

Just wondering is anyone had credit card FOMO for a specific card that they received because it was hyped up so much.

FOMO is the fear of missing out for those that don't know.

I'll go first. I got the Apple Card I think in 2020 and I hardly use because I have better cards. I don't want to close it because it has no annual fee and if it truly does move to the Chase ecosystem, I would definitely product change it if it's allowed.

Just thinking about it because I used it this morning to gas up my car just to add spend so GS don't cancel although I haven't heard of them doing that.

Re: Credit Card FOMO

redpat — Thu, 04 Jun 2026 14:36:30 GMT

When CSR first came out with a 100k SUB and 5/24 first came about, I think 2016.

People over 5/24, I was 8/24 at the time and with no online preapprovals, but were getting preapproval at Chase branches, so I drove 25 miles away to see if I had a preapproval at a branch. It turned out I was and was very suprised with the SL of $31K, which the banker said was the highest she had since people have been coming into the branch.

Oh, the good old days of these forums.....

Re: Credit Card FOMO

dfwxjer — Thu, 04 Jun 2026 15:59:48 GMT

Normally I don't care about closing down cards, but for some reason my amex platinum is giving me FOMO at the thought of canceling it. I was grandfathered in with the $695 af this past December which was enough for me to keep it, but I keep telling myself that $895 is more than I want to spend since I also hold the CSR.

But then I stay at an FHR and the FOMO creeps back in.

Re: Credit Card FOMO

ptatohed — Thu, 04 Jun 2026 17:50:27 GMT

My biggest FOMO moment actually very much paid off! I usually think and ponder on cards for months, sometimes even years. But when the v1 Smartly came out (obviously, we didn't know it was "v1" at the time) and I saw 4% everything (everything!, uncapped, no categories), it was probably the most spontaneous application I've ever done. And, what's funny is, as many $hundreds that I've earned in cash back, the fact that I was forced to take $100,000 out of a 4% HYSA and open a brokerage account and start researching investments (mostly low cost ETFs) changed my life and now investing is a huge pastime of mine. My $100,000 which was needed to get 4% CB is sitting at $135,000 now just a little more than a year later. And that was after the $100,000 dropped to $90,000 as soon as I invested (April 2025 tariffs)!

The FOMO that is lingering in my mind right now is the Langley card and how it has changed from random monthly 5% selections to fixed monthly 5% selections. I think I will pull the trigger this month.

I have learned, if something looks good, maybe even "too good", don't take the watch and wait approach. If you want it, go for it! Worse case, you enjoy it while it lasts. Middle case, it gets nerfed to new applications but you are grandfathered. Best case, it doesn't get nerfed - enjoy early and often, lol!

Re: Credit Card FOMO

Kforce — Thu, 04 Jun 2026 20:58:54 GMT

What you are talking about use to be called in the forum as,

FOTM - Flavor of the month.

Have had a few:

The Sallie Mae, If I remember correctly 5% gas, grocery & restaurant with a $500/mo cap.

Was able to have two of them.

USAlliance: 3%, non-cat.

It was nerfed to a 6% grocery with $2,000/mo cap for a year or more.

(Best nerfed card I ever had).

Nerfed again to a flat 2%

AOD was 3% , non-cat, nerfed as a 3% with $1,500/mo cap.

Alliant 2.5%, 10k/mo non-cat .

CITI Custom Cash, I would also call a FOTM card

Last was the USBank Smartly.

This was a true FOMO, "Fear of missing out" card.

I got it the last week before V2 was released.

Change was rumored and I pushed the button.

Have had it a year, 4% is very nice !

Re: Credit Card FOMO

LendLong — Fri, 05 Jun 2026 00:42:15 GMT

The Sallie Mae card!

That was my first introduction to the cash back/points game. It also had 5% at bookstores (Amazon counted). Walmart counted towards 5% grocery. It was the best card I've ever had. Barclays killed it a long time ago to some generic 1.5% card. I have let them cancel it not too long ago.

The US Bank Altitude Reserve USBAR

Had it for maybe 18 months before they nerfed it. I waited for awhile to get the perfect profile with low inquiries to guarantee application success. Used the heck out of it. I need to product change before my annual fee comes due. Still crickets on transfer partners.

Bank of America Platinum Honors

My current set up... which has now been nerfed. After the USBAR, I got a CCR and CCU. Both came with small SUBs and bonus cash back. While I was platinum honors, I would get 3.1% vs. normal 2.6% on everything. It's now nerfed to 2.25% unless you have 1 million. I'll probably get the Robinhood card to get a flat 3% but keep BoA as a backup.

Re: Credit Card FOMO

Realist — Fri, 05 Jun 2026 09:43:40 GMT

I can't acquire what I want quickly enough. I know precisely what I want to do, but can't acquire enough specific credit cards in time, to do what I want to do as quickly as I want.

Re: Credit Card FOMO

redpat — Fri, 05 Jun 2026 10:05:19 GMT

One of the most FOM cards that I remember everyone going crazy for was the Blispay card that died of a quick death.

Re: Credit Card FOMO

CreditCuriosity — Fri, 05 Jun 2026 13:46:34 GMT

@redpat wrote:
One of the mostFOMM cards that I remember everyone going crazy for was theBlispayy card that died of a quick death.

Yes good ole blispayy. If recall 0% interest for x period of time believe 6 months and 2% back. Don;'t believe it reported to the Cras either although could be mistaken came out in 2014ishh. That was a card at the time that was too good tot be true but didn't stop many of us from grabbing it.

Sallie Mae even though capped covered so many categories at the time and likely was the best card ever if you had multiple way before citi custom cash. the closest I can come to comparing to it.

Re: Credit Card FOMO

redpat — Fri, 05 Jun 2026 12:36:58 GMT

@CreditCuriosity

Good memory CC.

Founded in 2014 and the card went public in 2016.

It's pretty funny to look back at those posts.

Re: Credit Card FOMO

CreditCuriosity — Fri, 05 Jun 2026 12:38:35 GMT

@redpat wrote:
@CreditCuriosity

Good memory CC.

Founded in 2014 and the card went public in 2016.

It's pretty funny to look back at those posts.

ya good ole days of the forums when very active and interesting interactions were a lot more common and more sense of community.

Re: Credit Card FOMO

DeeBee78 — Sat, 06 Jun 2026 06:46:27 GMT

I wouldn't say I have FOMO for any particular card, but I am firmly in the Apple ecosystem, so the Apple card makes sense for me. 0% financing and 3% cash back is pretty tough to ignore on things I am buying anyways. I'll be applying for it after I close on my mortgage in a week.

Re: Credit Card FOMO

bs1234 — Sat, 06 Jun 2026 13:33:12 GMT

@ptatohed wrote:

I have learned, if something looks good, maybe even "too good", don't take the watch and wait approach. If you want it, go for it! Worse case, you enjoy it while it lasts. Middle case, it gets nerfed to new applications but you are grandfathered. Best case, it doesn't get nerfed - enjoy early and often, lol!

Yes, I benefited from this getting in early on the uncapped BCP and uncapped Cash+ . Lots of rewards till they nerfed well over a year later. Those were examples where while the nerfed versions were nowhere nearly as good, they were still OK.

Jumped on US Alliance rather than the more-work-to-app AOD, which turned out to be the wrong bet, Still as @Kforce says, the initial nerf (6% groceries) was excellent, the subsequent one much less appealing.

And as others have mentioned, blispay. Not sure going early on that (I didn't) would have a good use of a pull.....

So can't always guess right!

Re: Credit Card FOMO

DeeBee78 — Sun, 07 Jun 2026 16:17:56 GMT

@redpat wrote:
One of the most FOM cards that I remember everyone going crazy for was the Blispay card that died of a quick death.

Blispay shutting off spending capability right before Black Friday was just mean. I had things to buy, lol

I did use it to help finance a couple of large purchases as I was starting a new job back in 2017. Crazy to believe that was almost 10 years ago.