FlyerTalk Forums - View Single Post - The beginning of the end of travel rewards?

Jan 25, 2019, 7:12 pm

#46

joer1212

Join Date: Apr 2011

Posts: 1,226

Quote:

Originally Posted by kapooncha

Rewards Credit Cards Gained Fanatic Following Now Banks Are Pulling Back- WSJ article

Nearly all the banks have severely restricted how many cards/sign-up bonuses customers can get. I know the common reply is that during the next recession, banks will be begging us to come back. I'll believe it when I see it.

Even if banks begged us to come back in the next recession, you can be sure that their offers are not going to be nearly as generous and rife with loopholes as in the past.
Banks are now cynical and manipulative. They've learned from their mistakes. They'll never be naive about this game again. The gig is up for us, unfortunately. It was wonderful while it lasted.

Last edited by joer1212; Jan 25, 2019 at 7:18 pm

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