kdm31091 wrote:Personally, I don't see why everyone is falling all over themselves with this card. Not like there aren't other 2% cards (that most of them already have).
As far as the company, I don't know. I think that if they don't make sufficient profit from people who do pay that 20% interest, they will end up discontinuing the card. Historically, most 2% cards have gone away or been nerfed eventually.
I think they are counting on many people forgetting to pay in time on the 6 month %0 APR thing for stuff $200 and over. I think there is a chance it could work well too.
It seems to be the best %2 cash back card on the market, but it's nothing mind blowing and if you have a %2 cash back card then there really isn't much going for this card.
I feel about done applying for sometime though. I have been using mostly my discover as my everyday card. I know it won't be a %2/%10 card forever but I am enjoying while it last.
But in the end history has shown that it isn't likely this product will last. I would not recommend this card to someone just getting started building credit as it wouldn't be good to have credit taken away just as you are taking off history wise.