The end of Sallie Mae Rewards?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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JonE
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Re: The end of Sallie Mae Rewards?

Postby JonE » Sun Oct 11, 2015 5:16 pm

kdm31091 wrote:
yfan wrote:
JonE wrote:slightly off topic but I'm honestly surprised that I haven't been banned on mf. Figure they probably would if they saw me face palming sitting at my computer reading some of this stuff that gets posted regularly.

SM hasn't been interesting for me simply because of the caps. I easily spend $400 a month on groceries and having two cards to get 5% on that is a pain in the ass when Amex BCP has 6% with 50% more on their cap yearly. And you're dealing with AMEX not Barclays.

Well, most people over at MF who are mourning the death of the SM aren't doing it for the groceries... they're doing it for Amazon, getting 5% on which through SM is actually just a loophole. Barclays can patch that up (or Amazon can for that matter) by no longer classifying Amazon as a "bookstore" and there would technically not be any "nerf" at all.


Exactly. And even many of the posters have said the bookstore coding is probably going to be part of the "changes" even for existing users. It's simply a matter of time.

But still not sure why they are so upset about it when the store card gives you 5% uncapped with no worries about coding -- in other words, literally the same exact benefit. I'm not a big fan of many store cards, but that one is a no brainer if you're an Amazon devotee.

Second, and it's kind of semantic but the way some of those people mourn the card you'd think they spend $200 a day on Amazon or something. I use Amazon, yes, when I need something, but I don't shop just because I'd be getting 2% or 5% or whatever off. I get the impression some people on MF are shopping just because of the "discount".


Even if you are spending $200 a day, the Store card is better as a prime member with uncapped 5%.
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Nixon
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Re: The end of Sallie Mae Rewards?

Postby Nixon » Sun Oct 11, 2015 5:20 pm

I'll just defeat it by buying kindle GC's.

I think those will still code as Bookstore. I have two now anyway ;)
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Vermonster
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Re: The end of Sallie Mae Rewards?

Postby Vermonster » Sun Oct 11, 2015 9:34 pm

I have considered looking into the Prime+Amazon card to do all of our shopping minus perishables. It would require some planning and slight changes in brand preference, but could theoretically save a lot of money. NJ often has one day Prime shipping, so it really isn't much different than saying "I need to go to the store tomorrow."
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

yfan
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Re: The end of Sallie Mae Rewards?

Postby yfan » Mon Oct 12, 2015 11:38 am

Nixon wrote:I'll just defeat it by buying kindle GC's.

Doubt it. Amazon's kindle is a platform for much more than books. It includes 2 full fledged tablets made for media consumption, not book reading. When it changes, it will change for everything.

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CarefulBuilder14
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Re: The end of Sallie Mae Rewards?

Postby CarefulBuilder14 » Mon Oct 12, 2015 11:48 am

yfan wrote:
Nixon wrote:I'll just defeat it by buying kindle GC's.

Doubt it. Amazon's kindle is a platform for much more than books. It includes 2 full fledged tablets made for media consumption, not book reading. When it changes, it will change for everything.

I expect that if Barclaycard considers Amazon a loophope that they need to fix, they'll fix it thoroughly.

I think Kindle books have appeared as a Record Store purchase on my cards (though I don't think I've ever made a Kindle purchase with an Amex). I've never bought a Kindle gift card - just Amazon general-purpose gift cards.
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