@Anonymous wrote:
@SmileNWave wrote:
@Zoostation1 wrote:
They keep telling me it'll come back in the future but don't know when. My guess is most who have the Chrome (myself included) want to PC to the Cashback card with the rotating 5% categories and they're trying to slow that down. IMO, they really need to update the Chrome if they don't want people always trying to go that route. Now that my one year is up I'm using mine mainly for gas only since I don' thave a 3% or higher gas card. If they did have 3% on gas I wouldn't have as much motivation to go for a better card on gas next time I app for anything.
It just sucks that my first credit card is stuck only earning 2% on Gas & Restaurants. At this point, I've just stopped using it in general, only throwing a $5/mo recurring charge on it.
Surely the loss of revenue from merchant fees and swipes would outweigh the cost of moving our cards to the 5% rotating categories CB program?
If they let you do the PC how would you use the card? For everything, or just the 5%? If the latter, they would be losing money. As is probably the case for most on MyFico, but presumably not the general population. At a guess, PCing is much more common for those the issuers are less keen on, those more savvy about rewards options
Based on the way they promoted how easy it is to change the rewards programs and finding the right rewards for you, nd the fact that they only have 3 rewards programs, and 2 are just 1% cards outside the specialty capped categories, I really don't think they were ever worried about that in a general sense. No matter which card you're on, they've got you on mostly a 1% card except for Miles which is a better QS rather than the "travel" card they market it as. I still suspect it has more to do with the unintended "first year exploit" that stems from their promo bonus of doubling the first year, that they probably didn't have back when they launched PC's. The first year doubling combined with the PCs between Miles and Cashback (not Chrome really) opened a "hack" that was basically an invitation of doing the eqivalent of getting the sub then dropping the card.
But how that relates to bringing PC back IDK. The website for it updated, but it also seems you can't link to it directly on their site unless you search for it, it's not in the FAQs anymore, and the "pretty" page for it is only found in search engines. But they're also not the type to leave pages up that aren't actually valid anymore. I suspect they won't bring it back until the rewards programs change in a way it's not an exploit anymore. Either new/chagned card rewards overall, or getting rid of the "first year doubling" thing. A lot of other banks are doing that now (Citizens, Santander, one or two others I've seen come in) so they may be planning on a new gimmick that negates the issue.
