Changes in your credit/debit card rewards programs?

[grsthegreat]

I had my capital one send me a letter stating they were going to scale back their 1% rewards program, so i called to cancel the card. Ive had it for 15years, so they didnt want to lose me. i told them i want the 1% or ill drop the card. they told me they can honor the 1% IF they can increase my interest percentage. i told them to go ahead and increase the %, SINCE I PAY OFF THE CARD EVERY MONTH...WHO CARES.

I still get my checks, never pay them any interest, all is well in the world again.

 

[dmccarty]

I would guess it is the credit card company trying to squeeze out more profit. I have one card that gives me 1% back. Last year another company send me an application for a card that after we spent a certain amount, we would get 1.25% back. On fuel, drugs, and groceries we get 5% back. The credit card company at 1% I have had for years with no changes. These are cash back rewards. No strange games just cash. :thumbsup:

If the CC changes the percentages I will get a different card. I had one card for decades and they started playing with the due date before they would hit you with late fees. They would send the bill right close to the end/first of the month but the due date was pretty close to the first of the month so it was easy to miss the payment. The due date for years was around the 15th/20th but they slowly moved it in get you with late fees.

They got me once so I called and complained. They took of the charge and reset the date to around the 15/20th. A few bill cycles later they had moved the date back towards the 1st. I called up and canceled.

I STILL get a couple of CC applications a week. Including from the card I canceled. It has slowed down with the economy but I still get too many of them.

Later,
Dan