Redstone Rewards being nerfed Jan 26

[mau471]

Received the below email today. Looks like it may be time to search for a new all everyday card. Email links to https://www.redfcu.org/cashback/

[Vash]

Edit:  let's do a petition ask them NOT to change it?  If we can get enough people to sign it... maybe they will change their mind?  

Either that, or flood custom support with email request? 
We can even suggest a compromise.  Like PCM, charge an annual fee, BUT waive it if we keep minimum $500 in one of our accounts.  This way, they can make money off card holders who do not use other services. 

I just saw this email 6 minutes ago.  "Exiting news"... More like sad news.   This is so lame lol.  Now I will need another 5% gas and restaurant card.   

By the way, do you think they will listen to us if we all ask them not to make the changes? 😅

I know PCM somehow changed their mind on nerfing their 5% on the first $1k every month card.   But I can't get in to apply lol.  

So let's all email them, message them, or call them to stop the nerfing?  🥲

[GatorsFan84]

Well this was one of my favoriate cards.  I prob won't use it as much now.  I need to find a new replacement card for Costco I guess.

[CreditUp26]

The Redstone Visa Signature used to be an incredible card. 5% on restaurants and gas, 3% on groceries, wholesale clubs, utilities, phone, streaming and 1.5% on everything else. There were some reasonable limits but that was it. Today - NERF. You can choose one 5% rotating category per quarter now (sound familiar?), groceries are 2% and everything else is 1.5%. A massive reduction, I'll be sad to see it go. Ironically has a higher interest rate than my Discover with rotating categories as a CU. It should be noted they had already geo-fenced the card for new applicants. 

[three2one]

I came here to make the same report. I didn't use this card a lot because of the SYW -> Thank You Citi card, but it was one of my favorite cards. This is a bummer.

[Vinjints]

That's two extremely popular cards to close out the year. At least the SYW seems to be an acceptable change by those that have it.

[Vash]

What was this "SYW" card about?   

[GZG]

Each quarter, your 5% boosted category applies to up to $1,500 in purchases. Once you reach that amount, those purchases will automatically earn 1.5% cash back for the rest of the quarter.

great, now it's the Redstone Discover Visa Signature

[Vash]

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@GatorsFan84 wrote:

Well this was one of my favoriate cards.  I prob won't use it as much now.  I need to find a new replacement card for Costco I guess.

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AAA Daily Advantage exists.  

[Follower]

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@Vash wrote:

What was this "SYW" card about?   

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You can read 1,500 data points about it here:

https://ficoforums.myfico.com/t5/Credit-Cards/I-m-just-loving-this-SYW-card-10-CB-gas-dining-grocery...