Vattené wrote:I completely understand Barclay wanting to do something about bonus hunting but I would think that, among potential customers that don't yet have the card, these actions make it MORE prone to bonus hunting, not less. Just speaking for myself - but I see a card with a sweet $400 bonus, no first-year AF, and poor long-term value. I'd be open to getting a new card for $400 and ditching it before the first AF came due. Cutting the mile bonus from 10% to 5% is disappointing, but 5% is a still a little perk that won't amount to much real value. And a high $100 minimum redemption threshold just means there are tons of better options.
I admire the Citi Double Cash for appealing to the non-bonus-hunters: no introductory bonus at all but great long-term value. If I knew the card wouldn't ever change I'd be using it, but we all know ANY card can be put on the chopping block at any time.
The industry invites this on itself. I don't look down on bonus hunters at all. I'll gladly be one myself as soon as I see something that entices me. It's not my fault card companies routinely nerf products once they've been on the market for a while, and offer introductory bonuses on new products designed to encourage people to switch over.
Exactly! They are definitely making it a card that long time holders will not want. Especially since Barclays now has a history of taking away many benefits at a time - you never really know if the card you are signing up for is going to be worth the credit pull. It is really like they just swung a ninja sword at the card. I can handle one minor change in benefits - but a handful?