Gave them a call today to see if they could convert an older Cash+ card I have to the Smartly, as I don't really want to decrease my average account age any further by adding a new account since I've had a few new cards (and HPs) lately. They listed off the possible conversions, and it was essentially every card aside from the Smartly. The rep said it may just be because it's too new, so I'll try again in the future. I know there were a few other people on here that were planning on making this product change as well, so I'm sure someone will respond and let us all know once this is a possibility.
Title is misleading, I thought you made the PC.
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@OthTielo wrote:After seeing someone post a successful product change from an Altitude Go to a Smartly Visa on Reddit, I decided to give it a shot. I'm happy to report that I was successful and will receive my new card in 7 - 10 days.
Nice, good to know it's possible. Someone on Reddit said they were just able to switch their Cash+ to Smartly, so I'll give them a call in a couple days to see if mine's eligible as well.
@AzCreditGuy wrote:Thanks for the info I have the same card and would also like to a PC, I have been the garden in 5+ yrs and was thinking of getting the smarty CC
At 5 years, is it still gardening? Or is it composting? 🤔
Authorized User - 
Sock Drawer'd - 
Why would one want smartly over cash+? smartly only looked good if you were considering moving your savings to USB. Ultimately you need to move $100k of cash over there for the big bang. Most likely would not have that ability, unless retirement accounts could be included. Unless you have $25k in the savings you will earn about 1.95% APY and would get a 0.25% rewards bump.
You could open a savings account at EverBank and get near 5% APY. Even at the top rate of 3.8% for Smartly, you are giving up 1.20%, so unless that extra 2% in rewards gains you $1,200 (assuming $100k even balance) in value, you're losing money under the Smartly deal. In fact you need $60k/year spend on the card to make that $1,200 extra. So you need to lock up $100k in savings plus spend $60k/yr in spend.
Frankly, the card is geared towards high net-wealth, high-income cardholders. anything below those numbers, and they win versus just putting your money in a nice HYSA.
So yeah, I'm not sure why Smartly is so praised. It's clever from USB's perspective. With fractional banking, they get to increase their bank balances and increase their ability to lend. This is bad for most people.
Unless i am missing something.
As a follow up, I checked back in with them and they were able to convert the Cash+ to Smartly over chat
I'm just going to move some securities over to qualify for the bonus cashback rate , I won't be messing with the savings account other than the minimum to keep it open.
