US Bank Rewards changed?

[RainboBright]

I have the Altitude GO and the Altitude Connect cards.  I used to be able to apply my Rewards points as a statement credit 1 cent per point, in 2500 ($25) increments.  When I went to do it yesterday, I had to stop myself as one card was 3125/$25, and the other was 3333/$25.  So I decided to see what direct deposit to my bank account would be, and sure as shyt, both cards were 2500/$25.  But, when I put in my bank account info, it said this option was only available for US Bank checking and savings accounts, no external bank accounts.

Just a heads up for those that have not seen the changes, and/or those considering the card.  I still love both cards (despite the recent capping of some of the rewards category), and have nothing negative to say outside of the fore mentioned.  I am just disappointed that I now need to open a new checking account to get my full rewards value.

[Varsity_Lu]

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@RainboBright wrote:

I have the Altitude GO and the Altitude Connect cards.  I used to be able to apply my Rewards points as a statement credit 1 cent per point, in 2500 ($25) increments.  When I went to do it yesterday, I had to stop myself as one card was 3125/$25, and the other was 3333/$25.  So I decided to see what direct deposit to my bank account would be, and sure as shyt, both cards were 2500/$25.  But, when I put in my bank account info, it said this option was only available for US Bank checking and savings accounts, no external bank accounts.

Just a heads up for those that have not seen the changes, and/or those considering the card.  I still love both cards (despite the recent capping of some of the rewards category), and have nothing negative to say outside of the fore mentioned.  I am just disappointed that I now need to open a new checking account to get my full rewards value.

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Sucks.  US Bank seems to be in a little bit of a free fall here lately.  Get your stuff together, man!

[dfwxjer]

I remember when the Amex BCE had minimum thresholds for redemption and was thankful when that was finally lifted. Sad to see US Bank reverting to this archaic process. 

[NoHardLimits]

Yes, this change was announced late last year.  Here is one example of the discussion here on these forums:

https://ficoforums.myfico.com/t5/Credit-Cards/US-Bank-Real-Time-Rewards-devalue/m-p/6798351 

Edit to add:  My Cash+ account is still allowing me to redeem for a statement credit at $25 for full value.  Real-Time-Rewards have already devalued for this card.

[tsmartin]

Yep this change started rolling out for the Altitude Go and Altitude Connect back in April I believe.  The US Bank Cash + and Kroger Card have not been affected yet.

[FicoMike0]

Last time I did connect was into Us b checking, which they paid me a $500 bribe to open, I can be bought😃😃.

I recently applied an odd amount on shoppers to an Amazon purchase.