Originally Posted by
Happy
What is astonishing is, the CSR is not even a year old and we have seen 50% bonus cut, now the potential devaluation while not to CSR per se but to the whole UR ecosystem.
1. Issuers are not obligated to provide an opening bonus. Beside - the offer is never guaranteed to last.
2. I will not say it is a devaluation, but instead creating a sub-system within the UR.
Originally Posted by
Happy
Citi did not devalue Prestige until 3 years after its revamping of the TYP program, and it gave a full year before the devaluation happened.
Then should we celebrate?
Originally Posted by
BOSTravels
I also predict that Chase will lose a lot of customers to AMEX if this trial balloon is actually implemented.
Not really.
The proposed change, if implemented, focuses on non-AF UR cards like Freedom or FU. It does not necessarily affect AF UR cards like CSP or CSR.
Also - unlike Citi, which has reduced bonus categories reward earning for similar cards to almost non-existence, Freedom and FU are still earning as advertised (for now).
This changes will definitely slow down the number of new issuance. But it is not enough to trigger an escape.
Don't forget - as a matter of fact, Citi is the one losing, not Chase.