CarefulBuilder14 wrote:How are you taking this, Vattené?
Annoyed that the program is likely to change so soon after you (through your wife) got the card? You think Upromise could be useful? Or you're waiting for official news and ignoring speculation?
Mentally (because I'm not in private) dropping to my knees and screaming "WHHYYYYY?!" to the heavens.
I'm really hoping that we got in just in time, and they're closing applications to the public but I'll get to be grandfathered in, of course. I expected that with such great spending returns it would have to be nerfed eventually, but does it have to happen right after I get one? Hopefully if they do force existing cardholders to a new product we'll at least get a few more billing cycles.
The worst part is my Walmart actually counts as a grocery store with them! I had such great plans of buying Walmart gift cards every month and using them at their gas stations for 5% back from the credit card and an extra $.03/gallon upfront discount. Maybe I'll just start putting nothing on the card but a $250 gift card (that I can use at Walmart and for gas) each cycle until some actual information comes down. When and if we get the bad news I'll have gift cards to use for a while until they run out. I followed the link thinking I'd be interested in what they were speculating over there, but I was wrong. Couldn't even get through a full page.
I'm not very interested in the Upromise card. I'm willing to put up with statement credits and $25-thresholds for 5% back, but that approaches my limit for redemption inconvenience. If we're forced to switch I might see if I can go for another Barclay product, and put just enough spending through it to keep it alive because my wife doesn't have nearly as many accounts as I do.
I probably won't do anything new to optimize gas station spending, and would just go back to using the Walmart card. The highest category return I'm aware of for gas stations is 3% cash back, or a marginal increase of approximately 1% over my next best option. Not worth a new card. I would be open to an EDP, that way I'll not only get 3X MR for gas stations but 1.5X MR for everything else instead of 1.2X. It'll be worth considering when the worst-case scenario with SM happens.
Maybe I should try calling customer service and seeing if they actually know anything? (My hopes wouldn't be too high.)