Bad changes coming to US Bank Cash + Card

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silver6054
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Postby silver6054 » Sat Jan 19, 2013 8:37 pm

FutureBillionaire wrote:Can anyone confirm this?


And old thread for 2011: AMEX Blue Cash - is Amazon a department store or i... - myFICO® Forums

Basically, at least then, the claim was that they did CODE it as a Dept Store but it wouldn't earn bonuses in this category.

And on BCP/BCE today, the Amex site lists the department stores that get the bonus:

Belk Stores, Bloomingdale’s, Bon Ton Stores Inc., Boscov's Department Store, Century 21 Department Stores, Dillard Department Store, JC Penney Co, Kohl's Department Stores, Lord & Taylor, Macy's Inc., Neiman Marcus, Nordstrom, Saks Inc., Sears Merchandise Group, and Stein Mart Inc.


cashback
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Postby cashback » Sat Jan 19, 2013 8:43 pm

FutureBillionaire wrote:Can anyone confirm this?


03/25/2012 Sun AMAZON MKTPLACE PMTSAMZN.COM/BILL WA $124.90

MERCHANDISE
Doing Business As: AMAZON.COM
Merchant Address: 1200 12TH AVE S STE 1200
SEATTLE
WA
98144
UNITED STATES
Reference Number: 32028723123334
Category: Merchandise & Supplies - Internet Purchase



That's what is shows up as for me on Amex. Although that purchase was about 10 months ago since I don't use Amex for Amazon anymore.
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

RewardHop
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Postby RewardHop » Sat Jan 19, 2013 9:34 pm

cashback wrote:03/25/2012 Sun AMAZON MKTPLACE PMTSAMZN.COM/BILL WA $124.90

MERCHANDISE
Doing Business As: AMAZON.COM
Merchant Address: 1200 12TH AVE S STE 1200
SEATTLE
WA
98144
UNITED STATES
Reference Number: 32028723123334
Category: Merchandise & Supplies - Internet Purchase



That's what is shows up as for me on Amex. Although that purchase was about 10 months ago since I don't use Amex for Amazon anymore.


Thats from a 3rd party Amazon seller, thats what the Marketplace in the name means.
1st party Amazon.com purchases and 3rd party seller purchases are charged different. I'm NOT saying it means its categorized differently, its possible.
[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]

trumpet-205
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Postby trumpet-205 » Sat Jan 19, 2013 11:15 pm

craigm1 wrote:just got my amex end of the year statement and it looks like amazon is not considered a book store, its actually considered a dept store. has anybody used that category and ordered from amazon?????????


Alright, to settle this once and for all listen well.

BCE and BCP give bonus cashback on select department store. I repeat "select".

These stores are "selected",

Belk Stores, Bloomingdale’s, Bon Ton Stores Inc., Boscov's Department Store, Century 21 Department Stores, Dillard Department Store, JC Penney Co, Kohl's Department Stores, Lord & Taylor, Macy's Inc., Neiman Marcus, Nordstrom, Saks Inc., Sears Merchandise Group, and Stein Mart Inc.

Amazon is not on the list, hence it will NEVER get 2% or 3% bonus cashback.
In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)

FutureBillionaire
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Postby FutureBillionaire » Sun Jan 20, 2013 12:12 pm

Thanks trumpet.
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

MemberSince99
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Postby MemberSince99 » Sun Jan 20, 2013 10:26 pm

I just called and closed mine.

It wasn't rash at all I gave it thought over the last two days and I came to feel I have so little use for it that I might as well just be done with it. US Bank seemed happy to close too, so it seemed like a "win-win". She did say you have 80 dollars in rewards do you want to wait until you redeem them (I would have more when this month's rewards post) but I said nope I don't care keep it. I really don't care either. If I've been such a loss to your bank, keep it, and just don't come after me for MORE bailout money please. My grandkids will probably be paying for the bailouts you already got.

So that's that. Guess I have nothing further to contribute to this particular thread (if my posts ever did count as 'contributing'!).

All I would like to add as food for thought is, to everyone, please diversify if this is important to you (and if it wasn't, you probably wouldn't come here). You never know who is going to do what these days. That way you are not subject to the whims of any single creditor.

Having said that, I'm honestly thinking of doing exactly the opposite - I'm giving thought to only keeping my cards issued by my bank. It's all the credit I honestly need (and then some) and it would simplify life greatly not worrying about ok I gotta pay this card today and that one tomorrow and use this for this and that for that, but don't use it close to the 21st so a balance reports, etc. All that kind of insanity. And honestly I'm not going to be a big time profit center to 5 creditors in any case. Not that I REALLY care or feel that I owe them a living, just saying. I haven't come to any decision on that but I continue to mull it and will give it consideration.

I'm honestly starting to feel the fewer of these creeps I have in my life, the better my life will be, as well, I must admit.

Anyway, kind of a shame with this one but that's how it goes.

silver6054
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Postby silver6054 » Sun Jan 20, 2013 11:05 pm

Sounds like that was the correct decision for you (although I would probably want the $80 anyway!) I understand your viewpoint, I think that a lot of people on myfico for example really overplan/overthink strategy. In many cases a complex multi-card strategy might return $500 dollars a year more than a simple "pay with my 1% card".

Now a lot of us do enjoy playing these games, and so we do, but the gains aren't always that great, and, as I have rudely remarked on myFico, in some cases bigger savings could be had by using the time to clip coupons from local advertising sheets. I am certainly not immune, worrying that I paid with the wrong credit card (getting 1.5% instead of 2%, on a $50 purchase, that's 25 cents...)

RewardHop
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Postby RewardHop » Mon Jan 21, 2013 1:16 am

silver6054 wrote:Sounds like that was the correct decision for you (although I would probably want the $80 anyway!) I understand your viewpoint, I think that a lot of people on myfico for example really overplan/overthink strategy. In many cases a complex multi-card strategy might return $500 dollars a year more than a simple "pay with my 1% card".

Now a lot of us do enjoy playing these games, and so we do, but the gains aren't always that great, and, as I have rudely remarked on myFico, in some cases bigger savings could be had by using the time to clip coupons from local advertising sheets. I am certainly not immune, worrying that I paid with the wrong credit card (getting 1.5% instead of 2%, on a $50 purchase, that's 25 cents...)


You make a very valid point. The difference between 1% and lets say 3% average (combo of 2% and 5% cards) assuming you spend $10k a year on CCs is $2000 in total. Pretty sure if you work a little harder at work, you can probably get a raise and make a lot more than that.

I definitely agree that one shouldn't go overboard with this CC cashback/rewards. Like I have 5 cards but only 3 of them I actively use and I only carry 2 of them. [The Amazon card is stored in my Amazon account and only used on Amazon.com]
[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]

craigm1
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Postby craigm1 » Mon Jan 21, 2013 5:32 am

membersince99

I feel your pain, but I really think the way to get back at them is to just use the card for 5% categories. I'm going to put my cell phone bill on there $220 a month and use the card for restaurants. I should come close to maxing out the 2k a quarter netting me $425 a year, I had been spreading my 1% charges between them and amex now the only 1% charges us bank will see are places that only take visa which are restaurants and my primary doctor so in the end I guess what they accomplished is getting there name out before cash+ did many of us really know who us bank was.

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

silver6054
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Postby silver6054 » Mon Jan 21, 2013 6:35 am

RewardHop wrote:You make a very valid point. The difference between 1% and lets say 3% average (combo of 2% and 5% cards) assuming you spend $10k a year on CCs is $2000 in total. Pretty sure if you work a little harder at work, you can probably get a raise and make a lot more than that.

I definitely agree that one shouldn't go overboard with this CC cashback/rewards. Like I have 5 cards but only 3 of them I actively use and I only carry 2 of them. [The Amazon card is stored in my Amazon account and only used on Amazon.com]

The 2% difference on 10K is actually only $200!



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