Credit Card Market Black Pill

[Slowbro]

Recently, it seems like credit cards are either getting discontinued, nerfed, or overhauled. I'm trying to build a suite of cards that I can depend on for five years. Which credit cards do you trust to NOT go through a major change for a long time?

[Varsity_Lu]

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@Slowbro wrote:

Recently, it seems like USBank credit cards are either getting discontinued, nerfed, or overhauled. I'm trying to build a suite of cards that I can depend on for five years. Which credit cards do you trust to NOT go through a major change for a long time?

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FIFY. 🤣

Seriously, though, if a card seems to-good-to-be-true, it probably is. It will be a nerfer.  Just my opinion.  

I've had AmEx and Cap One for about 4 years and they have not changed once.

[TrapLine]

Glad you brought this question forward.

Out of the back of my mind, wondered the same thing. Will be interesting to see results?

[Patient957]

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@Slowbro wrote:

 Which credit cards do you trust to NOT go through a major change for a long time?

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Ones that don't earn much.  Get yourself a nice 2%er.  It won't get nerfed.

Any 3% everything card is going to get nerfed.  It's just a question of when.  Looking at you RH Gold.  

All the really useful 5% cards are also all going to get nerfed.  One exception is maybe a rotating category 5%, like CFF, because the rotating categories gives them more control quarter to quarter.  They nerf it for a quarter by making the categories flower shops and bakeries.

If you're chasing the highest earning cards, you just have to roll with nerf punches.

[TrapLine]

You mention US Bank ... the only thing for sure is the name on the building.

The US Bank Smartly Visa Signature Card is nothing. Who is going to place over $10,000 in the US Bank Smartly Checking Account (Qualifying Balances) earning $0.001%? No one!

There are so many fish in the sea at 2% with no strings. The US Bank customers that got in on the first card issue did well. It ended there.

Remembering the US Bank Altitude Reserve Infinite Card that had great earnings when you used your mobile phone. Now that has gone away.

Around this board are several recommendations on a 2% card and you could even look at FNBO Visa. As has been pointed out in this thread the higher earning cards are more vulnerable to modification. AOD FCU still has their 3% Visa Signature with rewards deposited directly to the statement balance and capted at $1500.

[Kforce]

From personal experience, all general spend > 2.0% have had changes/nerfs/ or closure after time.

Most 5% have caps and and/or limited categories for control.

Need to shuffle a lot of cards or live with less rewards or play the get "flavor of the month" and live with the nerfs.

Want long term get a good 2%.

Navy or Fidelity with no FTF and rewards available every cycle or sooner.

Small or no minimum redemption threshold, and redemption's the value not chunks.

Navy post the rewards when each transaction clears. 

[FicoMike0]

I've had the aven 3% card for a year, fingers crossed!

As far as USB, I've had the connect card for 3 years, only change was they eliminated the af before I had to pay it. Got a $500 sub, no complaints. Just got the go card, 4% on dining, $200 sub. Got several free pizzas with paze on it.

[ElvisCaprice]

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@Slowbro wrote:

Recently, it seems like credit cards are either getting discontinued, nerfed, or overhauled. I'm trying to build a suite of cards that I can depend on for five years. Which credit cards do you trust to NOT go through a major change for a long time?

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Do you want to settle for mediocracy?  Or do you want to maximize rewards?  Churning, the shortest in time frame, will always exist for the best rewards.   Stick it to them before they stick it to you.

[FICOdawg]

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@ElvisCaprice wrote:

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@Slowbro wrote:

Recently, it seems like credit cards are either getting discontinued, nerfed, or overhauled. I'm trying to build a suite of cards that I can depend on for five years. Which credit cards do you trust to NOT go through a major change for a long time?

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Do you want to settle for mediocracy?  Or do you want to maximize rewards?  Churning, the shortest in time frame, will always exist for the best rewards.   Stick it to them before they stick it to you.

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Unfortunately this is the reality.    My recent interest has been studying what cards to get as i am not looking to churn.    Churning is really the only option to get the big SUBs and high reward rates.

          Banks like lazy consumers lol

[BrutalBodyShots]

Spot on post from @Patient957 back at #4 in this thread.