Redstone Visa Signature now limited to residents of AL and TN

[GZG]

https://www.redfcu.org/personal/credits-cards/visa-signature/ 

was expecting a more graceful nerf at some point in the future, but assuming this doesn't impact current cardholders... 

[John-J-Schmidt]

Welp, I'll just toss that right out of my bucket list.

[kalli007]

Dang. Just filled out the CU membership app this morning.

[unsungivy]

Same! I just did my video interview this morning, and was skimming the site and saw the asterisk! Argh! Well, it was only a plan for a week, at least.

If someone calls in and verifies, let us know!

[dlister70]

This sucks, but hopefully does not impact current out of state cardholders.

People have been saying that it'll be nerfed since it came out.  I guess reducing the incoming amount of new accounts is better than changing the reward structure as far as nerfing goes.  

I feel bad for people who were just about to get it or gardening to get it soon.

[TheDude]

Interesting that they did it for only that specific card.

[mau471]

For once in my life I got in before something got nerfed, hopefully they at least let existing members outside of the geofence keep it. 

[SouthJamaica]

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@TheDude wrote:

Interesting that they did it for only that specific card.

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The card is probably unprofitable, and they are doing this to reduce the damage, and to let it continue as a loss leader for the local customers, who are more likely to get other,  more profitable, products.

[AndySoCal]

@GZG  I called Redstone today with a couple of questions not related to the credit card. So at the end I asked about the platinum rewards card change to AL and TN. The answer was existing card holders will not be affected.

The other credit card they have is a low rate with no rewards. Makes no sense too limit that one

[PullingMeSoftly]

Well I gave it a try, spoke to a representative who was able to connect with a specialist within their credit department, and it is a firm no on non-AL and TN residents for the Visa Sig. I also tried to highlight the fact that I've been an existing member for almost 2 years and that I was requesting an exception to the restriction. Straight up no.

Just providing this info in case anyone was holding out for a chance. I've been sending a monthly ACH to my checking to avoid the service fee and have kept some funds in the Brighter Day savings account. Thinking of just closing it all out now, as I was maintaining a relationship specifically for adding the card. Brighter Day is currently paying 5% interest (5.109% APY), so I might keep that, but at minimum will be closing the checking account. Bummer.