Some of the inside sources I know at USB have let slip that RTR will be moving down to 1CPP here shortly. Supposedly USB has already mailed out letters. This will happen with both Altitude and the revamped FlexPerks cards from what I've been told.
I tested it today when I cashed out all my points. Still earning 1.5CPP on travel. I would expect it though and cash out immediately.
Supposedly there will be no warning given.
You can almost certainly bet this will happen when they refresh all the Altitude cards.
This blog post is not related to many above statements, What I could find on google just to cite something.
For those interested regarding what @Trikoret brought up
https://www.doctorofcredit.com/reports-of-u-s-bank-devaluing-real-time-flexperks-rewards-to-1%c2%a2/
To Socks Bank:
I usually try to shy away from being an alarmist, but since they did that with no prior notice, that's pretty scary. Fortunately it only appeared to happen with RTRs and they are still worth 1.5x in the portal (and on AR of course). But certainly does seem like very bad policy to make a major change like that and then send notices later when that could mean hundreds or even thousands of dollars for many people.
@coldfusion wrote:Read here starting on the 3rd page of this thread:
I read the thread. This is about a current devalution to the points. Supposedly FlexPerks has already been hit, AR points are next.
That thread is about card changes and two new cards.
@K-in-Boston wrote:I usually try to shy away from being an alarmist, but since they did that with no prior notice, that's pretty scary. Fortunately it only appeared to happen with RTRs and they are still worth 1.5x in the portal (and on AR of course). But certainly does seem like very bad policy to make a major change like that and then send notices later when that could mean hundreds or even thousands of dollars for many people.
It's coming to the Altitude next, been told this by a few reliable sources I know.
Only for RTRs, or also for portal?
Finally got shut down from USB. I knew it was coming. They are closing all accounts in April which is surpising generous 
I got them good ,but a little mad about my bank accounts.
RIP to one of the best cards I ever had. BBY for Business wont be the same without you.
Only for RTR. Basically so you couldn't use the loophole is what I'm hearing. Too many people just taking statement credits at 1.5CPP
