So what card will get it's benefits slashed next?

Anonymous · ‎10-18-2014

So, we have seen the downfall of the Chase Sapphire preferred card, and most recently the slashing of the US Bank Cash+ card.

who is next? It seems like its the popular cards that are going down hard.

Amex Blue cash preferred?

Maybe Discover IT/ Chase freedom with those insane 5% categories?

Maybe that Double cash card from citi is up next on the chopping block?

It seems that cards that offer >2% cash back equivalent are getting axed, and if its not the cash back, its the benefits such as points transfers or bonus category shifts to lame categories.

On a similar note, could we be seeing declines in Visa Signature and World mastercard/elite benefits in the future?

What are everyone's thoughts on this?

Anonymous · ‎10-18-2014

@Anonymous wrote:
So, we have seen the downfall of the Chase Sapphire preferred card, and most recently the slashing of the US Bank Cash+ card.

who is next? It seems like its the popular cards that are going down hard.

Amex Blue cash preferred?

Maybe Discover IT/ Chase freedom with those insane 5% categories?

Maybe that Double cash card from citi is up next on the chopping block?

It seems that cards that offer >2% cash back equivalent are getting axed, and if its not the cash back, its the benefits such as points transfers or bonus category shifts to lame categories.

On a similar note, could we be seeing declines in Visa Signature and World mastercard/elite benefits in the future?

What are everyone's thoughts on this?

Possibly the AMEX PRG.

Doublecash is too new. Wait about 1-2yrs.

Anonymous · ‎10-18-2014

How so with the PRG?

Anonymous · ‎10-18-2014

What was the big benefit slash for the CSP? The programs they got rid of weren't essential IMO.

Anonymous · ‎10-18-2014

@Anonymous wrote:
So, we have seen the downfall of the Chase Sapphire preferred card, and most recently the slashing of the US Bank Cash+ card.

who is next? It seems like its the popular cards that are going down hard.

Amex Blue cash preferred?

Maybe Discover IT/ Chase freedom with those insane 5% categories?

Maybe that Double cash card from citi is up next on the chopping block?

It seems that cards that offer >2% cash back equivalent are getting axed, and if its not the cash back, its the benefits such as points transfers or bonus category shifts to lame categories.

On a similar note, could we be seeing declines in Visa Signature and World mastercard/elite benefits in the future?

What are everyone's thoughts on this?

Not sure that those examples count as "slashed" CSP has the 7% bonus removed, but that really is small (about 7%). Cash Plus really was slashed a year ago, the changing of categories is much more minor. Similarly BCP was capped about 18 months ago, so I think it is probably now OK.

I think the main danger is any card with a high uncapped category, such as Chase AARP with 3% etc. And of course the Amex Blue Cash but I am in denial about that possibility.

gh17 · ‎10-18-2014

Citi Forward seems the obvious answer to me - it's already discontinued for new accounts, but those of us who have it are still getting 5x the points on restaurants, entertainment, and bookstores/Amazon.

Anonymous · ‎10-18-2014

@Anonymous wrote:
How so with the PRG?

I think they'll nerf the signup bonus and we may see yet another devaluation in MR redemption.

Also, if you haven't heard. They're killing the 15K bonus MR after $30,000 annual spend. It's already started.

CreditUnionFan · ‎10-18-2014

I doubt the Citi Double Cash will be axed quickly, since it was just released.

I wouldn't be surprised if AmEx changes the Blue Cash Everyday / Preferred, perhaps in favor of the "Everyday".

I wouldn't be surprised to see a change to the Sallie Mae and UPromise cards, now that Sallie Mae is divided into two companies, with one being Navient. (they say there's no change, but I'm not holding my breath)

I was going to garden... Honest!

Anonymous · ‎10-18-2014

@gh17 wrote:
Citi Forward seems the obvious answer to me - it's already discontinued for new accounts, but those of us who have it are still getting 5x the points on restaurants, entertainment, and bookstores/Amazon.

Yes, I agree with that. But that has been predicted for a long time and hasn't happened yet, maybe Citi forgot! Oh no, they sent those emails promoting the reward structure last month.

But will get more use from those currently using cash plus.

Anonymous · ‎10-18-2014

@CreditUnionFan wrote:
I doubt the Citi Double Cash will be axed quickly, since it was just released.

I wouldn't be surprised if AmEx changes the Blue Cash Everyday / Preferred, perhaps in favor of the "Everyday".

I wouldn't be surprised to see a change to the Sallie Mae and UPromise cards, now that Sallie Mae is divided into two companies, with one being Navient. (they say there's no change, but I'm not holding my breath)

Citi has nerfed quickly in the past, both Premier and Prestige (although some benefits were also added eventually to the Premier).

You could certainly be right about Amex, pushing their cards from cash back to MR, though that wouldn't really be nerfing.

Sallie Mae gas and grocery caps are small, I can see them reducing the bookstore one (250/250/250 sounds nice and simple!) but I don't know if a lot of people also use it in 1% categories.