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It is true that the value of UR will be significantly reduced under the proposed change. However, neither Freedom or FU is designed as a card similar to CSP or CSR. Both Freedom and FU are designed as cashback cards (in the form of UR). Its cashback structure has not been impacted by this proposed change.
If you don't like the term "sub-system", I would rather say this as "You get what you pay for".
To be fair, Citi does not always give 1 year before the changes. Some changes were noticed for 1-2 months before the change was implemented.
Legally speaking - Chase reserves the right to change the T&Cs at any times. With this, Chase can do pretty much as it sees fit.
Originally Posted by
BOSTravels
If FU loses the ability to transfer to CSR/CSP and therefore loses transfer to e.g. airlines, AMEX EveryDay will be superior to FU.
True.
Originally Posted by
BOSTravels
In fact, if FU becomes a simpleton 1.5% cash back card you might as well get a simpleton 2% cash back card from e.g. Citi or Cap1.
Only half is true. While Citi DC earns 2%, it lacks a bonus that both Chase and Cap1 offer.