Smartly Redemption in $25 Increments Now

[digitek]

Just a heads up that they have changed reward redemption for the Smartly to only be available in $25 increments. Before it was any value over $25. Minor thing but still kind of pisses me off. Maybe I'm missing something , was doing it on their mobile app, so there's a chance I'm just wrong .

[CreditCuriosity]

Sucks if they are moving the goal posts on all you again as certainly possibly to maximize their profit lending out that money to others and making interest off of it through 10 of thousands of people that have met the 25 incremental thresholds

[FicoMike0]

In pretty sure with connect the $25 is a min, can redeem any larger amount. I think you can get around $25 min by spending it on amazon. 

Anyone know how it works with go?

[ptatohed]

I just redeemed $238.53.  You do need to redeem $25 min but I don't see that it has to be $25 increments.  

[TrapLine]

Did not realize the $25 increments.

In reading US Bank redemptions for the Smartly Visa Signature Card, it appears there may be differences in how redemptions work depending on what you are redeeming the rewards for such as, US Bank deposit account, statement credit, travel, gift cards & merchandise, digital wallets and so on.

Never had trouble getting the full rewards but, they were all redeemed at more than the $25 level.

Important Details to Keep in Mind:

• Minimum Redemptions: There is typically a minimum redemption limit of $25 for cash back deposits and $20 for statement credits.
• Reduced Value: Cash back value is maximized when deposited into your U.S. Bank account. Redeeming for non-cash options (like gift cards or merchandise) may result in a reduced redemption rate.

[ptatohed]

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@TrapLine wrote:

Did not realize the $25 increments.

In reading US Bank redemptions for the Smartly Visa Signature Card, it appears there may be differences in how redemptions work depending on what you are redeeming the rewards for such as, US Bank deposit account, statement credit, travel, gift cards & merchandise, digital wallets and so on.

Never had trouble getting the full rewards but, they were all redeemed at more than the $25 level.

Important Details to Keep in Mind:

• Minimum Redemptions: There is typically a minimum redemption limit of $25 for cash back deposits and $20 for statement credits.
• Reduced Value: Cash back value is maximized when deposited into your U.S. Bank account. Redeeming for non-cash options (like gift cards or merchandise) may result in a reduced redemption rate.

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Yup, I think it's been pretty well established that the best value is depositing your CB into a deposit account.  I think that's the only way to get 1cpp.  Even on the USB redemption page, next to the redemption options, it says something like "Best Value" next to the deposit option.  

Still curious though.  I don't seem to have the $25 increments.  Is anyone other than OP seeing these increments?

[G2244]

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@ptatohed wrote:

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@TrapLine wrote:

Did not realize the $25 increments.

In reading US Bank redemptions for the Smartly Visa Signature Card, it appears there may be differences in how redemptions work depending on what you are redeeming the rewards for such as, US Bank deposit account, statement credit, travel, gift cards & merchandise, digital wallets and so on.

Never had trouble getting the full rewards but, they were all redeemed at more than the $25 level.

Important Details to Keep in Mind:

• Minimum Redemptions: There is typically a minimum redemption limit of $25 for cash back deposits and $20 for statement credits.
• Reduced Value: Cash back value is maximized when deposited into your U.S. Bank account. Redeeming for non-cash options (like gift cards or merchandise) may result in a reduced redemption rate.

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Yup, I think it's been pretty well established that the best value is depositing your CB into a deposit account.  I think that's the only way to get 1cpp.  Even on the USB redemption page, next to the redemption options, it says something like "Best Value" next to the deposit option.  

Still curious though.  I don't seem to have the $25 increments.  Is anyone other than OP seeing these increments?

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Just did mine last week for depositing into a US Bank Smartly checking account, it was a $25 minimum but not in increments. My other USB cards though are now all the increment of $25 so who knows, this could certainly be coming our way.

[Kforce]

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@ptatohed wrote:

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Still curious though.  I don't seem to have the $25 increments.  Is anyone other than OP seeing these increments?

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Will test this in a few days, my stmt is 2nd-3rd every month.

I transfer rewards to savings, then transfer to outside HYSA.

Will post results late next week.

[portlandmusician]

@ptatohed I just did mine and no increments of $25; just a $25 minimum.

[digitek]

Was out of town for a bit so haven't responded , but I tried to redeem on the US Bank mobile app for Android. I don't have enough points to try again but will update next month.