Bad changes coming to US Bank Cash + Card

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
151 posts
craigm1
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Posts: 285
Joined: Wed Dec 01, 2010 8:44 pm
Location: toms river nj

party over

Postby craigm1 » Fri Feb 15, 2013 5:15 pm

I will be using the cellular bill and the restaurants, my cell bill is $230 a month so that will use up almost $700 a quarter and leave me $1300 a quarter for restaurants. I was trying to divide my charges between my amex blue cash 5% gas,drug,grocery now they can go to h**l other then restaurants and the very few places that don't take amex, everything will go back to amex including most of my bills!! last year I spent over 15k on groceries I think I missed out on about 1k this year because of my $6500 min I had to hit, but that took about 5 weeks.

craigm
Current Cards: American Express:Grandfathered Blue Cash CL 34k member since 89
Chase Freedom CL 7.5k member since 04
Chase Marriot Rewards Premier CL 20k member since 13
Chase Sapphire Preferred CL 25K member since 13
Bank Americard Cash Rewards Signature Visa CL 14k member since 11
Discover Cashback Bonus $10.5k member since 11
US Bank Cash + Signature Visa 19k member since 12
Citibank Thank You Preffered World Mastercard $16.5k member since 14


FutureBillionaire
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Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Fri Feb 15, 2013 5:16 pm

RewardHop wrote:What card has 5% cash back on dining? I have the forward card but 5 points doesn't translate to dollars 1:1.


I redeem for options that give me that ratio. The IT and Freedom do as well.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

Sevenfeet
Centurion Member
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Posts: 532
Joined: Thu Jan 17, 2013 7:20 pm
Location: United States

Postby Sevenfeet » Fri Feb 15, 2013 6:08 pm

FutureBillionaire wrote:I have the Freedom, IT, Forward, Miles, and CSP. I'm going to run most of my spending through Chase cards so I can get the signup bonuses for both of them. I had the forward before it disappeared mysteriously. I'm annoyed that I have to use two categories for US Bank, so I refuse to ever use that with them. They won't be getting swipe fees from my usage!


For pete's sake, why so harsh? Honestly these companies don't owe you or me anything and can change the rules at any time (and obviously do). Does it suck that they dropped utilities? Sure. Does it suck that they split out full service dining and fast food? Yes, but that's their decision. I choose to use the card based upon what I will save doing it. If it still makes economic sense, I will. If it won't, I won't.

For example, I was pretty high on getting a CSP card and quickly. Now I understand that in my specific case, the card doesn't make that much sense. Why get another travel card to get miles when I have 500k miles at Delta right now from traveling 3-4 times a month for work? For me, the worst part about the Cash + card is the 2% choice. The Penfed PRV is on the way to my house so I have gas and groceries covered. Drugstores would be a logical choice for the 2% benefit since my son's medications are so expensive, but I'm going to get the Fidelity Amex first and that's 2% for everything.

So the US Bank Cash + looks increasingly like the dining card. That's still about $365 in savings for me, so I'll take that. It's still better than shopping for groceries on an Amex BCP card (increasingly the smallest priority in my conquest list).
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)

FutureBillionaire
Centurion Member
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Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Fri Feb 15, 2013 6:28 pm

Sevenfeet wrote:For pete's sake, why so harsh? Honestly these companies don't owe you or me anything and can change the rules at any time (and obviously do). Does it suck that they dropped utilities? Sure. Does it suck that they split out full service dining and fast food? Yes, but that's their decision. I choose to use the card based upon what I will save doing it. If it still makes economic sense, I will. If it won't, I won't.

For example, I was pretty high on getting a CSP card and quickly. Now I understand that in my specific case, the card doesn't make that much sense. Why get another travel card to get miles when I have 500k miles at Delta right now from traveling 3-4 times a month for work? For me, the worst part about the Cash + card is the 2% choice. The Penfed PRV is on the way to my house so I have gas and groceries covered. Drugstores would be a logical choice for the 2% benefit since my son's medications are so expensive, but I'm going to get the Fidelity Amex first and that's 2% for everything.

So the US Bank Cash + looks increasingly like the dining card. That's still about $365 in savings for me, so I'll take that. It's still better than shopping for groceries on an Amex BCP card (increasingly the smallest priority in my conquest list).


I want my benefits as bad as these shareholders want their cut. They're in business to make money. I"m in business to maximize mine. I'm annoyed with them because I feel like it was bait and switch. They changed the program so much that it seems shady. But, it looks like they may not have changed the caps, so maybe it isn't all bad. It's still a bad decision on their part, because I don't think folks with many different rewards cards will use their card as often.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

Sevenfeet
Centurion Member
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Posts: 532
Joined: Thu Jan 17, 2013 7:20 pm
Location: United States

Postby Sevenfeet » Fri Feb 15, 2013 7:11 pm

FutureBillionaire wrote:I want my benefits as bad as these shareholders want their cut. They're in business to make money. I"m in business to maximize mine. I'm annoyed with them because I feel like it was bait and switch. They changed the program so much that it seems shady. But, it looks like they may not have changed the caps, so maybe it isn't all bad. It's still a bad decision on their part, because I don't think folks with many different rewards cards will use their card as often.


The only real difference between this program and Chase or Discover is that the customer has some choice as to what the reward categories will be for them. But there are no assumptions that they will always keep the same categories...I imagine that some are more expensive to offer than others. Considering that Billpay is my third highest category in my personal spending, I imagine it's the same for a lot of folks (not counting mortgage/rent).

Yes it sucks to not have BillPay, but at least I still save enough to warrant applying for it.
Cards:

American Express Platinum (NPSL)

Penfed Platinum Reward Visa ($28K)

Chase Freedom Visa ($25K)

Fidelity American Express ($20K)

American Express Blue Cash Preferred ($20K)

Bank of America Cash Rewards MasterCard ($20K)

Citi Thank You Preferred Visa ($9.5K)

Chase Sapphire Preferred ($7.5K)

US Bank Cash + Visa Signature ($7K)

Discover IT ($4K)

FutureBillionaire
Centurion Member
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Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Fri Feb 15, 2013 7:14 pm

Sevenfeet wrote:The only real difference between this program and Chase or Discover is that the customer has some choice as to what the reward categories will be for them. But there are no assumptions that they will always keep the same categories...I imagine that some are more expensive to offer than others. Considering that Billpay is my third highest category in my personal spending, I imagine it's the same for a lot of folks (not counting mortgage/rent).

Yes it sucks to not have BillPay, but at least I still save enough to warrant applying for it.


It's not terrible. I used it mostly for bill pay. I get more bang for my buck with other cards overall. I will use it for cell phone and drugstores. I have department stores, but normally I will buy a gift card. We'll see what happens. I just think US Bank's business practices are dumb. This product has been poorly managed and implemented.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

Sevenfeet
Centurion Member
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Posts: 532
Joined: Thu Jan 17, 2013 7:20 pm
Location: United States

Postby Sevenfeet » Fri Feb 15, 2013 7:40 pm

FutureBillionaire wrote:It's not terrible. I used it mostly for bill pay. I get more bang for my buck with other cards overall. I will use it for cell phone and drugstores. I have department stores, but normally I will buy a gift card. We'll see what happens. I just think US Bank's business practices are dumb. This product has been poorly managed and implemented.


Well, most of us don't have as many cards as you. :) (two Penfed cards? Really?)

What else about it has been poorly managed?
Cards:

American Express Platinum (NPSL)

Penfed Platinum Reward Visa ($28K)

Chase Freedom Visa ($25K)

Fidelity American Express ($20K)

American Express Blue Cash Preferred ($20K)

Bank of America Cash Rewards MasterCard ($20K)

Citi Thank You Preferred Visa ($9.5K)

Chase Sapphire Preferred ($7.5K)

US Bank Cash + Visa Signature ($7K)

Discover IT ($4K)

LadyinRed
Platinum Member
Platinum Member
 
Posts: 72
Joined: Mon Jul 23, 2012 8:14 pm
Location: Los Angeles, CA

Postby LadyinRed » Fri Feb 15, 2013 9:39 pm

cashback wrote:And Amazon does NOT count for the bookstore category. Amazon Kindle purchases do.


Do you think it's possible that you can actually use it for Amazon and they just don't want to advertise it?
AMEX: Blue Cash Preferred (6% on groceries, 3% gas & dept stores)
Capital One: Venture (2 points per $1, equivalent to 2%)
Chase: Freedom (rotating 5% categories), Disney Rewards (1 point per $1, Disney benefits)
US Bank: Cash+ (5% bookstores / 5% Electronic Stores)

RewardHop
Centurion Member
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Posts: 307
Joined: Wed Jan 02, 2013 3:43 pm
Location: USA

Postby RewardHop » Fri Feb 15, 2013 11:26 pm

LadyinRed wrote:Do you think it's possible that you can actually use it for Amazon and they just don't want to advertise it?


Its possible but unlikely. Amazon Kindle purchases have a different merchant name than Amazon product purchases, so its easy for them to differentiate between.
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]

cashback
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Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Sat Feb 16, 2013 12:17 am

Sevenfeet wrote:Yes, but what would you use instead for dining? Yes, having to use two different 5%s for all dining kinda sucks but I spent $7300 in total dining last year. The Citi Forward card is not an option...I'm not going to misrepresent myself to go for a student card.


Ive read on the forums that you dont have to be a student to get the card. On the application it asks if you are a student and you can simply say no and still get the card.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781



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