Interesting, this looks like the typical credit card for the US market. Congrats to those who can take advantage of it. It will be interesting to see what they have in mind for Europe.

While I am okay with the number of points that will be created this way (it is not that bad compared with all the promotions and I am sure that most of those that go for the credit card will never use them outside the US), regular customers that were loyal until now will loose out. Not Concierge customers though, they become more valuable since everybody will be silver or gold in the future, so that's nothing special any more.