New Cap1 Rewards Structure

[Anonymous]

Got a letter today from Cap1 telling me that, on 19 Jan 2017, the Platinum card would be transitioning from a 1% cash back (and 2% on travel) to a straight 1.5% cash back.

In other words, the Plat basically becomes the Quicksilver.

And just when I was looking to combine my Plat with my QS

[Anonymous]

Since when has the platinum card had rewards?

[fltireguy]

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@Anonymous wrote:

Since when has the platinum card had rewards?

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^^^^^^^ What they said !!

[Anonymous]

My platinum never had any rewards. Called yesterday to convert to QS with no AF. Approved instantly. In this case it's a MasterCard.

[Blodreina]

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@fltireguy wrote:

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@Anonymous wrote:

Since when has the platinum card had rewards?

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^^^^^^^ What they said !!

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Could be an older version of the card.  Capital One also sends out customized card offers; I once got an offer for that gave 1% back on payments only.

[Anonymous]

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@fltireguy wrote:

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@Anonymous wrote:

Since when has the platinum card had rewards?

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^^^^^^^ What they said !!

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Since I got it way back in 2013 (my oldest card). Before right now, I didn't even know that was unique or strange.

I am wondering if I got the offer because I haven't used the card in over a year (other than a BT that I did just because I got tired of not getting CLIs due to low usage)

Surely I can't be the only one with cash back on the Plat.

[galahad15]

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@Anonymous wrote:

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@fltireguy wrote:

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@Anonymous wrote:

Since when has the platinum card had rewards?

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^^^^^^^ What they said !!

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Since I got it way back in 2013 (my oldest card). Before right now, I didn't even know that was unique or strange.

I am wondering if I got the offer because I haven't used the card in over a year (other than a BT that I did just because I got tired of not getting CLIs due to low usage)

Surely I can't be the only one with cash back on the Plat.

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I have a Capital One Platinum MC, a.k.a. Capital One No Hassle Miles Ultra Platinum MC, which has a rewards structure of 2% cashback on all purchases, but only redeemable at the full 2% value if redeemed for travel purchases or gift cards (for example, the non-travel statement credit rewards redemption value is less than 2%).  Also no BT fees.  I received an offer for and applied for the card in 2012.  Originally came with a $59 AF, but I was later able to get the AF permanently waived.  So far to date, I haven't received any letter mentioning that Cap1 was changing the rewards structure for it though.

[Anonymous]

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@Anonymous wrote:

Got a letter today from Cap1 telling me that, on 19 Jan 2017, the Platinum card would be transitioning from a 1% cash back (and 2% on travel) to a straight 1.5% cash back.

In other words, the Plat basically becomes the Quicksilver.

And just when I was looking to combine my Plat with my QS

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Thanks for the share OzMan. I hope you find the new reward structure beneficial.

[Anonymous]

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@galahad15 wrote:

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@Anonymous wrote:

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@fltireguy wrote:

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@Anonymous wrote:

Since when has the platinum card had rewards?

---

^^^^^^^ What they said !!

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Since I got it way back in 2013 (my oldest card). Before right now, I didn't even know that was unique or strange.

I am wondering if I got the offer because I haven't used the card in over a year (other than a BT that I did just because I got tired of not getting CLIs due to low usage)

Surely I can't be the only one with cash back on the Plat.

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I have a Capital One Platinum MC, a.k.a. Capital One No Hassle Miles Ultra Platinum MC, which has a rewards structure of 2% cashback on all purchases, but only redeemable at the full 2% value if redeemed for travel purchases or gift cards (for example, the non-travel statement credit rewards redemption value is less than 2%).  Also no BT fees.  I received an offer for and applied for the card in 2012.  Originally came with a $59 AF, but I was later able to get the AF permanently waived.  So far to date, I haven't received any letter mentioning that Cap1 was changing the rewards structure for it though.

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yeah i immediately thought of your no hassle card when i read this.  hope you dont get the letter!