- Centurion Member
- Posts: 1057
- Joined: Sat Feb 21, 2015 3:35 pm
- Location: Claymont, DE
I have it. I like it.
The categories are not bad for 5%. Choices include cell phone bill, gym membership, sporting goods, bookstores, furniture, fast food, movies...nothing that most people spend a ton on every day, per se, but still useful and at least you can change them up quarterly.
I also opted for 2% restaurants. Same thing as Double Cash, yes, but you get the 2% right away. I'm waiting til I get to $100 in rewards because when you do, you get a $25 bonus so your rewards become $125 (note: you can only get that bonus one time).
So for me, 2% restaurants, 5% fast food ,5% furniture/IKEA is what I did for Q4. In Q1 of 2015, I will change the IKEA category to bookstores (which I'm assuming would work on amazon, but no guarantee). Either way, I like shopping at the actual bookstore, so it's not a bad category. Also, you can redeem any amount for a statement credit, no silly minimums or anything.
I understand people bemoan the nerfing, but the reality is that most cards get worse, not better, over time. Cash+ started off too strongly with unrealistic, broad 5% categories that had NO CAP, such as bill pay, airfare, hotels, home improvement, restaurants (they were 5%), etc. Unfortunately, instead of imposing the cap and leaving the "good" categories alone, US Bank chose to do both. They capped the rewards (which should have been done originally) and removed several categories. However, it's still useful, and to be fair, there are no cards that give 5% on airfare, bill pay, hotels, home improvement, etc so it's not like there's a better option.
Had US Bank started the card off a bit more "weakly", with a cap and just one or two very broad 5% categories, it probably wouldn't have had to have been nerfed as much as it was. Nevertheless, still a decent, respectable option. Not as great as it used to be, no, but again, what card really is? Even the much beloved Sallie Mae mastercard application was recently pulled from their website, indicating it may be gone. Things change with cards, it's just how it is.