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As soon as I turned off DND this afternoon, Reddit app popped an alert about this nerf and I just had to laugh at how ridiculous it is.
It isn't unexpected though, there has been a lot of talk about the card being unsustainable long term with the high cash back from dining.
I am kind of glad Barclays declined me for it now. Pushed me to get the SavorOne instead. 🤷♂️
Oh this definitely sucks. For someone with a thin file and want to keep my 5/24, this is going to hurt (currently 3/24).
this is hell. i spent 9 months building up my credit enough to app for the card and soon as i get it, they nerf it dead. i only got to make 2 purchases on it. they don't have any other good cards to pc over to either.
@Anonymous wrote:this is hell. i spent 9 months building up my credit enough to app for the card and soon as i get it, they nerf it dead. i only got to make 2 purchases on it. they don't have any other good cards to pc over to either.
Most of their CCs don't have the capability to PC anyway except downgrade/upgrade in the same product family. Unless someone is remotely interested in any of their other CCs, and if approved, at least the CL can be reallocated.
Well shoot! This isn't a goal card of mine anymore! Losing the travel rewards and changing from cash back to Uber cash? What the heck even is Uber Cash?! I think they're going to regret this change a lot.
@SEAlifer wrote:Well shoot! This isn't a goal card of mine anymore! Losing the travel rewards and changing from cash back to Uber cash? What the heck even is Uber Cash?! I think they're going to regret this change a lot.
Doubt if there will be much regret on their end, I assume that they are making the changes because the card is unprofitable in its current form.
With all the usual Barclays hate, remember part of the pain is because the card is so good in the current form. This is just like the Sallie Mae story. The lesson is get in early and enjoy the ride!