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A change is happening to the Cash + program that for once, I think the myFICO community will like. (Hint: It's not a nerf )
After June 20th, no matter what credit limit you are approved for, you will receive the Cash + reward structure. They are doing away with the Cash Rewards down sell.
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They will also be revealing two new American Express cards.
1 will be a 1.5% CB card similar to FU, QS, etc. (No Annual Fee)
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The other will be a new Amex Travel Flexperks Card.
30,000 Flexpoints signup bonus (Up to $600 Value)
3 Flexpoints on Dinning
2 Flexpoints on gas and air travel
1 Flexpoint on everything else
TSA Precheck credit ($100 value)
$85 Annual Fee
This is certainly interesting news and is definitely wonderful for people who don't have the card already!
I, as a current Cash+ cardholder, am a bit worried about this change though, because I wonder if the Cash+ will be able to sustain the choose-two-5%-category structure long-term if they are offering to everyone.
@14Fiesta wrote:A change is happening to the Cash + program that for once, I think the myFICO community will like. (Hint: It's not a nerf )
After June 20th, no matter what credit limit you are approved for, you will receive the Cash + reward structure. They are doing away with the Cash Rewards down sell.
===============================================================
They will also be revealing two new American Express cards.
1 will be a 1.5% CB card similar to FU, QS, etc. (No Annual Fee)
===============================================================
The other will be a new Amex Travel Flexperks Card.
30,000 Flexpoints signup bonus (Up to $600 Value)
3 Flexpoints on Dinning
2 Flexpoints on gas and air travel
1 Flexpoint on everything else
TSA Precheck credit ($100 value)
$85 Annual Fee
If only they would upgrade everyone who already have Cash Rewards.
I haven't seen much exciting new cards releasing this year, like any card with 5% CB on groceries. I guess this is the way US bank wants to make its cards shine again Maybe after a long-term experiments, they found Cash+ doesn't make they bankrupt...
@Anonymous wrote:I haven't seen much exciting new cards releasing this year, like any card with 5% CB on groceries. I guess this is the way US bank wants to make its cards shine again Maybe after a long-term experiments, they found Cash+ doesn't make they bankrupt...
Or rather, through enough nerfing, they now have a reward structure that doesn't make them bankrupt!
Of course they announce this after I somewhat purposely opened a 5k card with them with the intention of combining with my useless Cash Rewards to make a limit large enough to PC to the Cash+ that I originally applied for...... grumble grumble....
Well this sucks. A lot. (apped for cash +, got cash rewards earlier this year)
So what does this mean for those who already have the Cash Rewards card? I just recently got denied a CLI on my USBank Cash Rewards card. And is there a source? Can't find anything on the USBank website and nothing on google.
This is really quite good news! I wonder if the practical effect will be people with small limits on the cash plus or just more flat denials. It would seem to me that it might be easier for people with cash rewards to PC to the cash plus without first having to get a CLI. Time will tell.