silver6054 wrote:Why? Yes, much worse than it used to be, but why get rid of it? With no annual fee, many people would say "keep it and just don't use it" for ANY card, to preserve the CL against utilization. However, this card still has some useful features (for some). Being able to choose and keep categories seems much better than having to follow some random imposed rotating categories.
If I didn't have it, I'm not sure I would now apply for it, but I'm not applying for the Freedom or Discover IT either, and I think, again for some, this card is still competitive with those as cash back.
To each their own. On principle, I'd close this account down if I had it.
US Bank is free to change their rewards system anytime and you are free to vote with your feet. I closed my BofA credit card and bank account down when they wouldn't extend me further credit or a new card over the summer. I only wanted a card with a credit line of $2,000 for a promotion.
Since that time I've gotten around 8 new cards and over $40,000 in credit. I go with who treats me well. US Bank wouldn't be that company in this circumstance.