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US Bank Cash + Changes and New Cards June 20th.

14Fiesta
Established Contributor

US Bank Cash + Changes and New Cards June 20th.

A change is happening to the Cash + program that for once, I think the myFICO community will like. (Hint: It's not a nerf Smiley Wink)

 

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






EX FICO (AMEX): 728 (4/29/17) | TU FICO (Discover): 737 (4/7/17) | EQ FICO (Citi): 746 (3/28/17)
Message 1 of 115
114 REPLIES 114
jaylau17
Valued Contributor

Re: US Bank Cash + Changes and New Cards June 20th.

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. 

Better Balance Rewards - $1000 || Discover It (Joint) - $2000 || Better Balance Rewards #2 - $2100 || Wells Fargo Platinum - $2900 || Barclays Commence MC - $3700 || Better Balance Rewards #3 - $4000 || Amex SPG - $3000 || Discover It - $5000 || IHG Rewards WM - $5000 || Merrill+ VS - $5000 || Vantage West Connect Rewards VS - $5000 || Wells Fargo Propel Amex - $5100 || AARP VS - $7000 || Wyndham Rewards Visa - $7000 || US Bank Cash+ VS # - $7500 || Citi Dividend - $7600 || Citi Double Cash - $8000 || Sam's Club MC - $8500 || Chase Freedom VS - $8500 || Marriott Rewards VS - $9000 || Penfed Pathfinder Amex - $10000 || Quicksilver WMC - $10500 || US Bank Cash+ VS - $11500 || Amex Everyday - $12000 || Quicksilver VS - $23500 || Amex PRG || Total Credit: $150,400
Message 2 of 115
OzMan1788
Established Contributor

Re: US Bank Cash + Changes and New Cards June 20th.


@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 Smiley Wink)

 

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.

 

Message 3 of 115
i2000s
Frequent Contributor

Re: US Bank Cash + Changes and New Cards June 20th.

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 Smiley Happy Maybe after a long-term experiments, they found Cash+ doesn't make they bankrupt... 


BoA, Amex, Citi, Barclay, Chase cards user since 2013. 7 CCs, few INQs, PIFs with low util. Giving Kudos for good.

Starting Score (7/26/2015): TU: 737 | EX: 739 | EQ: 750. It was ~500 back in 2013-5.
Current Score (2/28/2018): TU: 757 | EX: 761 | EQ: 755.
Goal Score: 760+ ... Smiley Happy ...
Taking the myFICO Fitness Challenge. Gardening since 2/28/2018.
Message 4 of 115
longtimelurker
Epic Contributor

Re: US Bank Cash + Changes and New Cards June 20th.


@i2000s 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 Smiley Happy 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!

Message 5 of 115
wanderingbuilder
Valued Contributor

Re: US Bank Cash + Changes and New Cards June 20th.

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....

Message 6 of 115
Monoglot
Valued Contributor

Re: US Bank Cash + Changes and New Cards June 20th.

Well this sucks. A lot. (apped for cash +, got cash rewards earlier this year) 

.
Message 7 of 115
Royalbacon
Frequent Contributor

Re: US Bank Cash + Changes and New Cards June 20th.

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.

Chapter 7 Bankruptcy Filed-September 2020 Discharged-December 2020
Kohl's Credit Card $3000 Limit (Opened October 2016) Survived Bankruptcy for whatever reason
Capital One Venture One $3000 Limit (Opened December 2020)
Capital One Auto Loan (Opened March 2021)
Capital One Cabela's $5000 Limit (Opened December 2021)
America First Credit Union Visa $1000 Limit (Opened December 2021)
Message 8 of 115
creditguy
Valued Contributor

Re: US Bank Cash + Changes and New Cards June 20th.

Believe when I see it. US Banks idea of exciting is putting chocolate syrup on thier vanilla ice cream.
Message 9 of 115
deltatee
Frequent Contributor

Re: US Bank Cash + Changes and New Cards June 20th.

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.

Message 10 of 115
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