Langley, BoA, USAlliance, Comenity, US Bank, SYNCB, BBVA, FNBO Nerf Their Cards

[UH_HUH]

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@digitek wrote:

My USAlliance card just had the same two benefits removed, there was a notification about it on my last statement.

Could be coincidence, but I bet it is related in some way or another.

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Looks like this is a popular feature

to have removed. Nothing surprising about any of

this. You have to adapt in these uncertain times.

Thanks for posting @digitek 

appreciate the data points.

[longtimelurker]

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@digitek wrote:

My USAlliance card just had the same two benefits removed, there was a notification about it on my last statement.

Could be coincidence, but I bet it is related in some way or another.

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What was the statement date?  My Sep 28th one doesn't have anything, so maybe the Oct one.

[Loquat]

Hopefully their version of "...We are in the process of evaluating a set of new features..." amount to more than a similar phrase uttered by Citi when they nix'd every benefit on their cards back in September 2019.

Over a year now and nothing...

[TSlop]

I just got a notice with Bank of America and the same thing is happening with my Cash Rewards card. It is losing its secondary auto collision damage waiver, effective 2/1/2021.

[UH_HUH]

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@TSlop wrote:

I just got a notice with Bank of America and the same thing is happening with my Cash Rewards card. It is losing its secondary auto collision damage waiver, effective 2/1/2021.

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After having a cup of coffee and getting the brain to spark up,

I found an article adressing this.

Article is from Auto Slash

Thanks for the data points @TSlop 

[TSlop]

@UH_HUH I wasn't sure if I should have started a new thread about BoA's CDW drop, but I decided to put it here. I wonder if even more cards will follow suit?

[coldfusion]

I remember that one of the comments Citi made when nerfing benefits was that their own data showed the supplemental auto insurance benefit was rarely used.  

I don't remember ever seeing any disclosures about the motivation behind nerfing extended warranty or price protection benefits i.e. was it a benefit too rarely used for them to justify the expense or too heavily used to be offered as a free perk.

[UH_HUH]

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@TSlop wrote:

@UH_HUH I wasn't sure if I should have started a new thread about BoA's CDW drop, but I decided to put it here. I wonder if even more cards will follow suit?

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@TSlop  I am going to change the name of the thread so your discovery
and the one @digitek  found get more coverage to our fellow members.

Thanks for posting.

My personal opinion on the subject.Citi,BoA,Langley

and USAlliance allready have done it,so yes I believe there will 

be more

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[UH_HUH]

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@AverageJoesCredit wrote:

This is no different from other big lenders doing same with their cards and benefits. 

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You must have a crystal ball @AverageJoesCredit 

Great job reading the field correctly. ^5

[Credit12Fico]

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@coldfusion wrote:

I remember that one of the comments Citi made when nerfing benefits was that their own data showed the supplemental auto insurance benefit was rarely used.  

I don't remember ever seeing any disclosures about the motivation behind nerfing extended warranty or price protection benefits i.e. was it a benefit too rarely used for them to justify the expense or too heavily used to be offered as a free perk.

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Citi Price Rewind was being abused....the stories I've been told...