Originally Posted by
lowfareair
A lot of people on this forum likely fall into the Amex Plat bucket bc we are literally willing to invest the time discussing the minutiae of the CC benefits. My husband, Mom, and several friends with premium cards all either have a Venture X / CSR or are switching it because it is way simpler to use and earns more ongoing points.
As surprising as it may be to people in the points and miles game, the active account figures for the Venture X are not satisfactory. Capital One is not very good at underwriting prime and super prime customers and is even worse at figuring out how to monetize them. I’m not too impressed with their attempt to convert select users to charge cards in an attempt (presumably) to drive more interchange revenue. Time will tell if this proves to be a winning strategy. Methinks the answer is no.
What Chase has accomplished with the Sapphire cards (particularly the CSP in recent years) is nothing short of incredible. I don’t expect them to lead the charge for anything because they simply do not have to.
Amex is definitely playing a different game from every other issuer (though we are seeing some convergence). The real winner is Visa, who has been crushing analyst expectations earnings season after earnings season. During the great Meta capitulation, Visa market cap even flipped meta to become a top 10 company by market cap.