Sevenfeet wrote:Well, most of us don't have as many cards as you. (two Penfed cards? Really?)
What else about it has been poorly managed?
They clearly made the card too good to be true. If they don't add the caps, then I won't be as annoyed. Otherwise, they gave the farm away and then overreacted. They should have seen that the card could net ridiculous cash back if used correctly.
There is actually a story behind my two penfed cards. I had the cash rewards card for a long time. I randomly received a CLI on it after a year or so. Since they had recently released the points driven rewards card, I asked if they could use the same pull for the CLI and allow me to get the points card so I could get the grocery points and the sign up bonus. They said I could. The rest, as they say, is history. I use both because one statement closes in the middle of the month and one closes at the end of the month.