Credit Cards

Credit Card devaluation prediction thread.

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[OP]
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Apr 25, 2019
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Credit Card devaluation prediction thread.

I am starting a thread on which cards do you think would be likely devalued in the near future. What reductions or removal of features do you think will be on the horizon. (i.e. reduced cashback/points earned, removal of insurances, etc.)
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Deal Guru
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Jan 9, 2011
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Any credit card from any issuer could be nerfed, devalued, or discontinued at any time. What's the point of speculating when we don't have any information? Besides, there are reports of issuers actually following the discussions in this forum. Let’s not give them any ideas.
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Jan 16, 2007
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Excellent point @Kiraly. I predict that Rogers will return their World Elite to its previous 1.75%. Cough cough.
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Apr 24, 2017
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joshnet wrote: Excellent point @Kiraly. I predict that Rogers will return their World Elite to its previous 1.75%. Cough cough.
1.75% on everything, and No FX...
Time flies.....
💳 Amex Cobalt - MBNA RWE - Brim WE
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May 8, 2009
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Going to the Moon
Are we running bets? Let's get an escrow for bets in Bitcoin please :lol:

My predictions...(cards that are currently "too good to be true" by Canadian standards)
  1. gotta nerf Brim basic/world/WE. Something's gonna change
  2. HSBC WE cards - will likely nerf as well
  3. MBNA RWE will likely incur another nerf
  4. Chatr MC should nerf...too good for Canadians!
  5. Tang MC basic. World tier will likely remain status quo but uncapped 2%/3cat on diminishing merch fees for MC...ha
  6. Desjardins Cashback WE...no way they'll leave the 4%/grocery uncapped
  7. Aeroplan suite (three issuers)...they'll probably make earn rates even more categorized...I expect a base earn rate on premium cards to fall to 0.7pts/$1 spent to come closer in line to AmEx Cobalt base in if cashed out on misc statement credit or BMO Eclipse base earn redeemed on travel
  8. PCF...surely they'll find other ways to nerf their offerings...maybe remove into BT offer :lol:
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Deal Guru
Dec 5, 2006
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titaniumtux wrote: Are we running bets? Let's get an escrow for bets in Bitcoin please :lol:

My predictions...(cards that are currently "too good to be true" by Canadian standards)
  1. gotta nerf Brim basic/world/WE. Something's gonna change
  2. HSBC WE cards - will likely nerf as well
  3. MBNA RWE will likely incur another nerf
  4. Chatr MC should nerf...too good for Canadians!
  5. Tang MC basic. World tier will likely remain status quo but uncapped 2%/3cat on diminishing merch fees for MC...ha
  6. Desjardins Cashback WE...no way they'll leave the 4%/grocery uncapped
  7. Aeroplan suite (three issuers)...they'll probably make earn rates even more categorized...I expect a base earn rate on premium cards to fall to 0.7pts/$1 spent to come closer in line to AmEx Cobalt base in if cashed out on misc statement credit or BMO Eclipse base earn redeemed on travel
  8. PCF...surely they'll find other ways to nerf their offerings...maybe remove into BT offer :lol:
There is a saying "be careful what you wish for", is that the reason you didn't mention CTFS Triangle? ;)
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Apr 24, 2017
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titaniumtux wrote: Are we running bets? Let's get an escrow for bets in Bitcoin please :lol:

My predictions...(cards that are currently "too good to be true" by Canadian standards)
  1. gotta nerf Brim basic/world/WE. Something's gonna change
  2. HSBC WE cards - will likely nerf as well
  3. MBNA RWE will likely incur another nerf
  4. Chatr MC should nerf...too good for Canadians!
  5. Tang MC basic. World tier will likely remain status quo but uncapped 2%/3cat on diminishing merch fees for MC...ha
  6. Desjardins Cashback WE...no way they'll leave the 4%/grocery uncapped
  7. Aeroplan suite (three issuers)...they'll probably make earn rates even more categorized...I expect a base earn rate on premium cards to fall to 0.7pts/$1 spent to come closer in line to AmEx Cobalt base in if cashed out on misc statement credit or BMO Eclipse base earn redeemed on travel
  8. PCF...surely they'll find other ways to nerf their offerings...maybe remove into BT offer :lol:
Devaluation on MBNA RWE is not going to happen. It is the only non-Amex card giving 2% on everything in Canada. Disappointed But Relieved Face
💳 Amex Cobalt - MBNA RWE - Brim WE
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Jul 16, 2019
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EdisonL299 wrote: Devaluation on MBNA RWE is not going to happen. It is the only non-Amex card giving 2% on everything in Canada. Disappointed But Relieved Face
Also Brim WE.
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Apr 24, 2017
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someweirdo wrote: Also Brim WE.
25K caps, $199 + $50/card annual fee make it difficult to keep after 1st year.

In comparison, MBNA RWE: unlimited 2% on everything, $120 annual fee and free on additional cards.
💳 Amex Cobalt - MBNA RWE - Brim WE
😊 Amex Platinum - Bonvoy Brilliant Amex - CIBC Aeroplan VIP
Deal Addict
Apr 23, 2017
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Issuers seem to be trying to hide devaluations behind a smokescreen of bonus earn rates on some categories.

My spend in base non-bonus categories is over 60% of total, so while bonus categories are nice, nerfing the base earn rate erases all the category gains and then some.

I was just reading about BMO nerfing the base earn on the Cashback W.E. MC and calling it an improvement due to decent bonus category earn hobbled by ridiculously low monthly bonus category caps.
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Dec 16, 2005
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HermanH wrote: Issuers seem to be trying to hide devaluations behind a smokescreen of bonus earn rates on some categories.

My spend in base non-bonus categories is over 60% of total, so while bonus categories are nice, nerfing the base earn rate erases all the category gains and then some.

I was just reading about BMO nerfing the base earn on the Cashback W.E. MC and calling it an improvement due to decent bonus category earn hobbled by ridiculously low monthly bonus category caps.
What is bmo card changing to? I didnt see anything on this...
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Dec 5, 2006
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Kiraly wrote: At first I was excited about the 5% on groceries...but it’s capped at $500/month and then 1%? No thanks
Because you are not downtown single hipster :)
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smartie wrote: There is a saying "be careful what you wish for", is that the reason you didn't mention CTFS Triangle? ;)
CTFS can be a funny issuer. If they "devalue" anything, it's by removing super awesome payees from their bill pay. One could try all they want about that, but wouldn't do it in the threads here since it's all top secret MS tricks. As for product offerings...they've been real slow at changing anything. Theoretically, they already "nerfed" the basic Down-pointing Red TriangleMC, but we at RFD all have the WE tier card so it doesn't matter.
EdisonL299 wrote: Devaluation on MBNA RWE is not going to happen. It is the only non-Amex card giving 2% on everything in Canada. Disappointed But Relieved Face
Image

OMG, you mean TD/MBNA doesn't nerf its MBNA product offerings?

I
Am
Lost
For
Words...
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Aug 29, 2012
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titaniumtux wrote: CTFS can be a funny issuer. If they "devalue" anything, it's by removing super awesome payees from their bill pay. One could try all they want about that, but wouldn't do it in the threads here since it's all top secret MS tricks. As for product offerings...they've been real slow at changing anything. Theoretically, they already "nerfed" the basic Down-pointing Red TriangleMC, but we at RFD all have the WE tier card so it doesn't matter.



Image

OMG, you mean TD/MBNA doesn't nerf its MBNA product offerings?

I
Am
Lost
For
Words...
I really don't think that CTFS will remove the bill pay feature. They make too much money on interest from it.

They already devalued the Triangle card earnings in the everything else category, so I doubt further downgrades are coming.
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Poutinesauce wrote: I really don't think that CTFS will remove the bill pay feature. They make too much money on interest from it.

They already devalued the Triangle card earnings in the everything else category, so I doubt further downgrades are coming.
Remove the bill pay feature? No. That's the candy they throw to lure cardholders. Remove certain payees? Very likely, especially when some ppl are cycling five figures monthly through those payees via MS :lol:
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Dec 5, 2006
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Somehow i feel among big banks, only Scotia and TD have decent cards line up

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