Originally Posted by
Steve in Olympia
It is a fallacy to declare that the Freedom cards "are designed as cashback cards" and, since the "cashback structure has not been impacted," the cards have not been devalued. Your argument reaches the desired conclusion only because you assumed the conclusion before you reached it.
This is a classic example of begging the question. As Ambrose Bierce once wrote, "An ostrich doesn't need wings because it can't fly anyway."
[redacted] many consumers choose the Freedom cards for the UR benefit.......consumers (like me) who never redeem for cash. We know that those consumers exist because every travel blogger advises their readers that redemptions for cash are the worst possible use of the Freedom cards.
[redacted].
I'm only joining this debate today but I disagree that many consumers choose the Freedom cards because of the UR benefit. I posit that a vast majority of Freedom users are folks who are careful with their money and only use CCs that offer a nice cash back % and no AF. Granted, this is anecdotal, but every person that I've talked to about the Freedom immediately talks about no AF and 5%. None of them even know what the UR portal is. I know it's a very very small subset but I would wager a bet that most Freedom owners think this way. They are consumers that are more cash back focused than points focused.
All that said, this REALLY sucks for Ink card owners.