AOD Nerf has come

[redpat]

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@xenon3030 wrote:

I like to find a way to pay the non-category bills like insurances with any digital wallet (or Google Pay). In that case, I can simply use one of co-branded US Bank cards that give 5% (or 4.5% if using AR).

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4.5% is only for travel redemptions on their travel portal.

[xenon3030]

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@redpat wrote:

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4.5% is only for travel redemptions on their travel portal.

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No. It can get redeemed for any travel (no portal is needed).

[Anonymous]

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@xenon3030 wrote:

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@redpat wrote:

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4.5% is only for travel redemptions on their travel portal.

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No. It can get redeemed for any travel (no portal is needed).

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Right, the wonders of Real Time Rewards.

And since, as we now know, the USB IT systems aren't great, sometimes RTR works beyond expectation.   I did a car rental, and got an RTR redemption offer when I booked (which I did) and another when I finally paid (which I also took) so I was able to do 2 4.5% redemptions on the same charge

[Eagered2succeed]

Such a very sad day (just got hit from behind in my car) now news of this. We all knew it would come just a matter of when. Thankfully 3% and 5% caterogry cards are plentiful so I will be ok especially with them still offering 3% on 1,500 spend. Still works for my needs and makes it a good catch all card for my none cateogry spend. I give them credit for not product changing us.

[Eagered2succeed]

I use it to pay my rent and anything that can be paid with a credit card under 3% charge. You under estimate the non-category spend. Most places that have a fee to pay with card (at least the things I've paid) charge 2% or less which gives me 1% back at the least. Hands down has been my favorite card despite not having the extra rewards boost and perks that my other cards offer.

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@DoppelgangerD  :

For those of you with this card, I'd love to know what you're spending more than 1500 a month on that can't already be beaten by other cards.

Just one of the biggest expenses I can think of is major auto repairs, or even buying a vehicle, but that's not a monthly thing.

Yes, 3% is a good catch-all, but since I don't have the AOD, my fall-back is a 2% card, and I put way WAY less than 1500 a month on it.

Even if my income doubled/tripled, I still don't see myself putting anywhere near 1500 a month on it.

BTW, don't forget Affinity is 2.5% with the caveat being you have to park 1k in a no-fee checking account... but, also capped at 10k per month. (EDIT: per MONTH [accidentally posted per year])

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[Bockrocker]

This really bummed me out for a few hours.  But upon reflection, the $1500 covers my general spend most months.  The APR is still my best since recent hikes.  I don't think I will rush out to choose one of the 2% +/- replacements just yet.

[xenon3030]

The BOA UR card is possibly among the best replacement cards (1.5% x 1.75x due to Plat honor --> 2.6%). There is no cap.

[DoppelgangerD]

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@Eagered2succeed wrote:

I use it to pay my rent and anything that can be paid with a credit card under 3% charge. You under estimate the non-category spend. Most places that have a fee to pay with card (at least the things I've paid) charge 2% or less which gives me 1% back at the least. Hands down has been my favorite card despite not having the extra rewards boost and perks that my other cards offer.

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@DoppelgangerD  :

For those of you with this card, I'd love to know what you're spending more than 1500 a month on that can't already be beaten by other cards.

Just one of the biggest expenses I can think of is major auto repairs, or even buying a vehicle, but that's not a monthly thing.

Yes, 3% is a good catch-all, but since I don't have the AOD, my fall-back is a 2% card, and I put way WAY less than 1500 a month on it.

Even if my income doubled/tripled, I still don't see myself putting anywhere near 1500 a month on it.

BTW, don't forget Affinity is 2.5% with the caveat being you have to park 1k in a no-fee checking account... but, also capped at 10k per month. (EDIT: per MONTH [accidentally posted per year])

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Not really underestimating, just that I can find ways to pay things with better than 2% return most of the time. It'd probably be considered MS, but as long as I'm not breaking any laws or TOS, imma do what I gotta do, lol.

I think the AOD more or less provided a good catch-all for many people willing to sacrifice a (small) percentage of CB in lieu of juggling too many cards to maximize rewards, and I can respect that. To each their own as they say. 😉

BTW, paying rent is a good example.

I have a mortgage though, so that wouldn't work for me, but if I did pay rent, I'd likely be getting the Bilt card for sure.

[ptatohed]

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@xenon3030 wrote:

The BOA UR card is possibly among the best replacement cards (1.5% x 1.75x due to Plat honor --> 2.6%). There is no cap.

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Yes but maybe not everyone has $100,000 to plop in BoA.  I have been thinking hard about this myself the last several months.  I'm just trying to think it through mathematically.  With today's great rates, I would rather stay safe and not put my money in the market (for now).  High Yield accounts, CDs, Treasuries.  I believe the best fixed rate investment at BoA/Merrill at the moment is 4.85%?  I have money in other places at 5.10%.  That's a missed $250/year putting $100,000 with BoA.  Will that 0.625% (over a 2% card) give me more than $250/year?  I would have to spend $40,000/yr in this example.  

[xenon3030]

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@ptatohed wrote:

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Yes but maybe not everyone has $100,000 to plop in BoA.  I have been thinking hard about this myself the last several months.  I'm just trying to think it through mathematically.  With today's great rates, I would rather stay safe and not put my money in the market (for now).  High Yield accounts, CDs, Treasuries.  I believe the best fixed rate investment at BoA/Merrill at the moment is 4.85%?  I have money in other places at 5.10%.  That's a missed $250/year putting $100,000 with BoA.  Will that 0.625% (over a 2% card) give me more than $250/year?  I would have to spend $40,000/yr in this example.  

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You may do it in a much better way (putting assets in BOA as CD or saving does not financially make sense to collect limited CB): 

Roll-over 401k from a former employer and bring it to ME (assuming >100k asset) --> buy some promising stocks (self-managed) --> gain several thousands in long term, collect also SUB from ME --> The Plat honor tier gets fulfilled in a few days.