Originally Posted by
NYC Flyer
Conclusions regarding Capital One's ultimate success with Venture X seem premature. From what I can tell from financial disclosures they are still working to grow the premium card business (and at least claim to have made progress).
Sure, Citi did their big push on Prestige in 2014-2015, and didn't close it to new applicants until 2021, though there were significant cuts in benefits like the 4th night free as they went along. We're
already seeing benefits like Priority Pass restaurants
get nerfed on the C1 side. I would not at all be shocked to see the annual fee get jacked up to $550 at some point, and to see more benefit cuts.
Originally Posted by
NYC Flyer
Not sure I'd characterize the RC card as "on life support", either. I sense the card was sidelined when Amex secured an exclusive for the most premium Bonvoy product...that could change at some point, conceivably, but there's no indication Chase wants to shut it down..
Chase hasn't shut down everyone's existing Freedom cards either, even though they clearly want to transition to Freedom Flex. Neither Freedom nor RC card are being actively marketed, just like the $95 Bonvoy AMEX card (which also isn't being shut down). I consider a card you don't actively market and have to do gyrations to get to "on life support". Whether Chase pulls the plug or not is yet to be determined.