topic Re: I’m bored.. We need a new supercard.. in SmorgasBoard

I’m bored.. We need a new supercard..

Anonymous — Thu, 27 Jun 2019 01:01:45 GMT

When is someone going to come out with the new latest greatest splash card? ... Something that screams “apply for me... you must have me!” I have pretty much every card I’ve wanted, now I have an itchy finger and am craving something new. Gardening for 13 months is making my eyes twitchy and I’m afraid I’m scaring the neighbors..

Re: I’m bored.. We need a new supercard..

kdm31091 — Thu, 27 Jun 2019 01:14:47 GMT

Unfortunately most of the new cards these days are copycats of existing products, more or less. Haven't seen a whole lot of innovation. Rewards can only go so high, and programs that are too generous end up nerfed. It seems that although banks are trying to compete, things have kind of peaked for now.

Re: I’m bored.. We need a new supercard..

Kforce — Thu, 27 Jun 2019 01:25:13 GMT

@Anonymous wrote:
Gardening for 13 months is making my eyes twitchy and I’m afraid I’m scaring the neighbors..

So you are the new neighbor !

Re: I’m bored.. We need a new supercard..

Anonymous — Thu, 27 Jun 2019 01:30:14 GMT

I'd like to see one of the majors, like Amex, bring out a card similar to the Apple Card, but with an attractive reward structure.

In Canada Amex has a credit card aimed at younger people, called Cobalt. it has an annual fee billed monthly at $10, 5x points on restaurants, BARS, groceries and food delivery, 2x points on gas, travel and transit.

If you combined a rewards structure like that, with sign-up through a phone app, reduced live support, I think it could be an interesting, novel product. Amex already will issue you a digital card for the wallet before you receive the physical card, so I think this is within their capabilities.

It has the standard Canadian interest rate of 19.99% on purchases (very few Canadian cards are higher or lower)

Re: I’m bored.. We need a new supercard..

NRB525 — Thu, 27 Jun 2019 01:38:31 GMT

OP which cards do you have?

Are they all converted to Contactless if available?

Re: I’m bored.. We need a new supercard..

Anonymous — Thu, 27 Jun 2019 02:18:53 GMT

@kdm31091 wrote:
Unfortunately most of the new cards these days are copycats of existing products, more or less. Haven't seen a whole lot of innovation. Rewards can only go so high, and programs that are too generous end up nerfed. It seems that although banks are trying to compete, things have kind of peaked for now.

I agree with the above, although I'd take it a step further and suggest that the chances of some new great product coming out are likely less today than they were yesterday. All I seem to see lately are posts about CCCs cutting back their card benefits. This week has been all about Citi getting rid of a ton of their benefits coming up at the end of Q3 for example. I think if the general trend is CCCs slowly dropping benefits, the chances of some new innovative product coming out that reinvents the wheel only diminishes.

Re: I’m bored.. We need a new supercard..

pinkandgrey — Thu, 27 Jun 2019 13:17:10 GMT

Someone introduce a 5% on everything card. Lol I’d go for that.

Re: I’m bored.. We need a new supercard..

Anonymous — Thu, 27 Jun 2019 14:13:15 GMT

@pinkandgrey wrote:
Someone introduce a 5% on everything card. Lol I’d go for that.

In reviewing the latest happenings? It may be lucky if we don't see rewards back to 1:1 on spend/rewards. Shades of the 2011 to 2015 era

Re: I’m bored.. We need a new supercard..

coreysw12 — Thu, 27 Jun 2019 18:05:04 GMT

I'd love to see a Chase Ultimate Rewards card for groceries and gas. Sure, sometimes we get lucky and get one or both of those as the quarterly bonus on the Freedom card, but since that is severely limited at only the first $1500 of spend each quarter, I'd love to see a new card that permanently does 3-4% on those categories, with no cap.

Then, everyone would be after the Chase quadfecta

Re: I’m bored.. We need a new supercard..

issac2x — Thu, 27 Jun 2019 21:55:12 GMT

@pinkandgrey wrote:
Someone introduce a 5% on everything card. Lol I’d go for that.

PCMCU does offer a 5% everything unfortunately its a geolocked and membership is limited to a specific group of people.

Re: I’m bored.. We need a new supercard..

coreysw12 — Thu, 27 Jun 2019 22:22:22 GMT

@issac2x wrote:
@pinkandgrey wrote:
Someone introduce a 5% on everything card. Lol I’d go for that.
PCMCU does offer a 5% everything unfortunately its a geolocked and membership is limited to a specific group of people.

The 5% reward is also only for the first $1000/mo in spending.

"You may earn a maximum cash back reward of up to $50 each month. That means you could earn up to $600 each year by using your PCMCU Rewards card for purchases."

That's still a decent reward, but it's hardly a game changer.

Re: I’m bored.. We need a new supercard..

simplynoir — Thu, 27 Jun 2019 22:34:07 GMT

@coreysw12 wrote:
I'd love to see a Chase Ultimate Rewards card for groceries and gas. Sure, sometimes we get lucky and get one or both of those as the quarterly bonus on the Freedom card, but since that is severely limited at only the first $1500 of spend each quarter, I'd love to see a new card that permanently does 3-4% on those categories, with no cap.

Then, everyone would be after the Chase quadfecta

They'll never operate a card on a spend category with MS possibilities go uncapped. Take a look at the discontinued AMEX OBC for proof of that.

Re: I’m bored.. We need a new supercard..

Anonymous — Fri, 28 Jun 2019 16:00:00 GMT

I want to see a premium card from Discover, but they're so focused on the average joe.

Re: I’m bored.. We need a new supercard..

coreysw12 — Fri, 28 Jun 2019 17:29:56 GMT

I don't have a Discover card (anymore), but I went to their website to look at what their card offerings are these days, and was surprised to see that they only have 1 credit card now. The "Discover It." It comes in different variants (Student, Business, Cashback, Secured, etc) offering varied rewards schedules, but they're all the same basic card and they all share the "it" name. I thought Discover used to have a more diverse array of credit cards in past years. Kind of boring.

The best card they offer seems to be just the basic "It Cashback". A good card, don't get me wrong... just not very interesting, and with the $75 maximum rewards per quarter on the 5% rewards, it's definitely not anything remotely close to a "supercard".