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got the chase amazon - may want to close

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yfan
Valued Contributor

Re: got the chase amazon - may want to close


@longtimelurker wrote:
The point is that no one knows if Barclay cares about Amazon use
We also don't know if that was an "intended" use or not as we are not privy to the business case. It's been like that for a long tome, which while no guarantee certainly doesn't support the view proposed here that it is danger of being nerfed. Projection of a personal dislike on to tla bank Imo

What supports the view that it may be nerfed is that its issuing bank - Barclays - has done some significant nerfs lately of its more prominent product, which may be indicative that they are taking a look at their card lineup.

 

I am not sure where this personal dislike stuff is coming from, unless we're talking about your personal dislike of the nerf suggestion. I looked at it in a pure business way. If I didn't have a Discover that gives me 5% on Amazon for a quarter (at least) and the Amazon Visa already (the original topic of this thread), I'd get the SM myself, for Amazon. But I would do so fully knowing that it may be on the chopping block.

Message 31 of 37
CreditCuriosity
Moderator Emeritus

Re: got the chase amazon - may want to close

Nothing on any credit card is guaranteed forever unfortunately.  Even a the QS or any card for that matter could be nerfed or just discontinued.  So gotta have some faith and if it happens, what can you do?  

Message 32 of 37
yfan
Valued Contributor

Re: got the chase amazon - may want to close

So, to return to the original topic for a second, here's why I keep my Amazon Visa around:

 

  • I do most of my Amazon purchases when Discover has a 5% on them, but when they don't, it's nice to get the 3% and I don't feel like taking a credit pull for the Amazon store card.
  • It's a Visa Signature for me (recently after I moved my Marriott limit to it and closed the Marriott card), so I can take advantage of some VS benefits, like the Fandango Friday night +1 movie ticket. I have also been planning on going to Napa for a free wine tasting that's allowed for VS members.
  • It's my only Chase card now. I am not a big Chase fan, but I kind of want to keep an "in" with them in case I need or want something they have later.
Message 33 of 37
UncleB
Credit Mentor

Re: got the chase amazon - may want to close

Here's a question I would ask if I had a 'friend' who worked for Barclay's... regarding the reward structure for the Sallie Mae Mastercard, how much input does Sallie Mae Corp. have in the decision-making process?

 

In other words, when it comes to a theoretical 'nerfing' of the SM Mastercard's rewards, is it up to only Barclays, or would Sallie Mae have to concur, since it is a co-branded product?

Message 34 of 37
Anonymous
Not applicable

Re: got the chase amazon - may want to close

People don't like being told they will receive an inferior product in the future. If you don't instigate it, you won't get piled on.
Message 35 of 37
takeshi74
Senior Contributor

Re: got the chase amazon - may want to close


@Anonymous wrote:
so i got intoxicated

@Anonymous wrote:
what do you guys think of this?

Sounds like you need to be more careful with apps in future.  Carefully research and compare.  If rewards are the primary concern and two other cards offer a better rate on a given category then why are you applying for the card with the lower earn rate?

Consider giving yourself more time to make decisions so you're not deciding based on intoxication, the trill of apping, other emotion, etc.  A given card will still be there for you to apply for later.

 


@Anonymous wrote:
i feel the chase amazon is bringing me down with that low limit.

You've got it backwards.  Your credit and income determine the limits that you qualify for.  The limit on the Chase Amazon is really an effect and not a cause.  However, it certainly does impact your credit in terms of the hard pull, lowering AAoA and other impacts from adding a new account to your profile.

 


@yfan wrote:

So, to return to the original topic for a second, here's why I keep my Amazon Visa around:

 

  • I do most of my Amazon purchases when Discover has a 5% on them, but when they don't, it's nice to get the 3% and I don't feel like taking a credit pull for the Amazon store card.

That makes sense for you but the OP has two cards that offer 5% year round.

Message 36 of 37
Callandra
Valued Contributor

Re: got the chase amazon - may want to close


@UncleB wrote:

Here's a question I would ask if I had a 'friend' who worked for Barclay's... regarding the reward structure for the Sallie Mae Mastercard, how much input does Sallie Mae Corp. have in the decision-making process?

 

In other words, when it comes to a theoretical 'nerfing' of the SM Mastercard's rewards, is it up to only Barclays, or would Sallie Mae have to concur, since it is a co-branded product?


Interesting question...I would think since it's co-branded, Sallie Mae would have some say in the structure. But I have no idea to be honest. 

 

I know I've said this but I think it's silly to worry about a card being nerfed; if it gets nerfed, then deal with it  when it happens, not if it happens (whether it's closing the card, looking for alternative, or just keep using it). -IF- they nerf SM, I will see how it's nerfed and then proceed from there. I'm glad I got the card and even if it does get nerfed, then oh well, I got some good use and cashback out of it. Priceline was nerfed too but existing cardholders got to keep 2% back on everything so even if SM is nerfed, it doesn't mean existing cardholders will be changed to the new structure (of course there is always a chance we will be). 

 

I'm not surprised Arrival+ is getting nerfed as most people probably get it for the bonus and then downgrade after a year (or close it). SM doesn't have much of a bonus (only the $25 with first purchase) and it's not really on the radar anyway (my fiance has Sallie Mae loans and he had never heard of it before me!). I'm not going to worry about it being nerfed. If you want SM, get it, enjoy it, and if it is nerfed, then worry about it when it actually happens. Smiley Happy

Quicksilver $10,000 | Better Balance Rewards $2000 | Sallie Mae $3500 | Freedom $3500

Last HP: 9/27/2015
Message 37 of 37
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