PCM 5% also nerfed

[Wu-Credit]

Looks like another CUnicorn card has fallen victim to being nerfed. This time PCM.

https://www.reddit.com/r/CreditCards/comments/1emmqqe/death_of_a_unicorn_the_pcm_5_on_everything_car...

[unsungivy]

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@Wu-Credit wrote:

Looks like another CUnicorn card has fallen victim to being nerfed. This time PCM.

https://www.reddit.com/r/CreditCards/comments/1emmqqe/death_of_a_unicorn_the_pcm_5_on_everything_car...

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So now it's worse than AOD. Same 3x and $1500 cap, but with a FTF and AF. 

Like the thread says, at least people won't feel bad about not being able to get it anymore.

[ptatohed]

I really need to fix my sig now.  

[CreditCuriosity]

Weird how so many nerfs are coming especially in form of CU's they must be feeling the pain of uptick in defaults as well.  In AZ visiting family now and trying to decide it I want to open a Vantage West savings account while down here or not and hope the card comes back in a better scope on the future that way don't get unable to verify identity crud despite my mom joining so I could get in.

[Wu-Credit]

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@CreditCuriosity wrote:

Weird how so many nerfs are coming especially in form of CU's they must be feeling the pain of uptick in defaults as well.  In AZ visiting family now and trying to decide it I want to open a Vantage West savings account while down here or not and hope the card comes back in a better scope on the future that way don't get unable to verify identity crud despite my mom joining so I could get in.

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Yeah I'm just sitting here hoping my 5% Addition CU card doesn't fall victim. I already dealt with the Affinity CR nerf. Luckily avoided Vantage West as I was denied for membership OOS a couple months back.

You all remember that MidFlorida CU card that was 2.5%? It was nerfed to 2% eventually and is now nerfed again to 1.5%.

https://www.midflorida.com/loans-and-mortgages/credit-cards/signature/

It seems that when a CU card is too good to be true, it either gets restricted or nerfed.

[Anonymous]

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@Wu-Credit wrote:

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It seems that when a CU card is too good to be true, it either gets restricted or nerfed.

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True for bank cards too (upcapped BCP from Amex, Cash+ from USBank) but the timeframe matters too.   The AOD uncapped 3% lasted a long time (with many of us constantly knowing it would be nerfed really soon now....!) and even post-nerf is far from bad.   

My lesson has  been jump on things too good to be true early, so you maximize the time you benefit!  But obviously, choose well!  I chose USAlliance over AOD and that turned out to be a mistake.

[CreditCuriosity]

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@Wu-Credit wrote:

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@CreditCuriosity wrote:

Weird how so many nerfs are coming especially in form of CU's they must be feeling the pain of uptick in defaults as well.  In AZ visiting family now and trying to decide it I want to open a Vantage West savings account while down here or not and hope the card comes back in a better scope on the future that way don't get unable to verify identity crud despite my mom joining so I could get in.

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Yeah I'm just sitting here hoping my 5% Addition CU card doesn't fall victim. I already dealt with the Affinity CR nerf. Luckily avoided Vantage West as I was denied for membership OOS a couple months back.

You all remember that MidFlorida CU card that was 2.5%? It was nerfed to 2% eventually and is now nerfed again to 1.5%.

https://www.midflorida.com/loans-and-mortgages/credit-cards/signature/

It seems that when a CU card is too good to be true, it either gets restricted or nerfed.

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Yep had mid florida as well and went through two nerfs and closed it after the 2nd nerf to 1.5%.  Have addition cu membership but have yet to do anything with that and did open Vantage West CU while in Scottsdale, AZ today.  No issues doing it in branch with my mother with me although CHEXs inquiry was a slight issue and manager gladly overrode that issue and opened the account and just threw 50 into it if anything ever comes with the card but they fully admitted to nerf when talking if i wanted to open a CC with them.  All the material in branch shows 5% still which is misleading for people.

[Gregory1776]

Don't melt folks! It is only 50 bucks max "loss"

[ptatohed]

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@Gregory1776 wrote:

Don't melt folks! It is only 50 bucks max "loss"

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I think a loss of an easy, free $600/year is worth melting over.  

[Wu-Credit]

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@ptatohed wrote:

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@Gregory1776 wrote:

Don't melt folks! It is only 50 bucks max "loss"

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I think a loss of an easy, free $600/year is worth melting over.  

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I'm cheap af. If I had this card I'd be..