Card Rewards to Increase in 2011

In predictions for next year creditcards.com says that rewards will be much more rewarding in 2011, contrary to predictions that legal changes would cut rewards (see quote below).

What do you think?

"Prediction 3: Rewards become more rewarding.
When the Credit CARD Act of 2009 went into effect, many analysts predicted that credit card rewards programs would suffer as issuers watered them down to save money. However, "we continue to see offers for cards that are loaded with rewards, features and benefits and are, arguably, some of the best offers we have ever seen," says Davidson. In fact, eight out of 10 credit card offers are for rewards cards offering points, miles or cash back, up from six out of 10 offers in 2008, Davidson says.

Expect this to continue, as well as more offers for 0 percent introductory rates on purchases and balance transfers.

Card issuers will also be extending offers for their current customers to upgrade to more rewards-laden cards, Coghill says."

Complete story is at:http://www.creditcards.com/credit-ca...a_aid=9fc4cb60

good news

I think as long as the banks are hurting we will continue to see good offers.

To some degree the Great Recession likely is behind us; but "recovery" will likely be slow. With gasoline inching it's way up around $3 a gallon; you have to offer the consumers some reward that is substantial enough to even get their attention on your product.
I particularly like the idea of trying to get current customers upgraded to more rewards-laden cards.

I could see them increasing but we will also see an increase in annual fees charged by banks as the days of free credit cards are going away.

Gas has been around $3.50 for a while out here.

Some "expert" predicted $5.00 a gallon by 2012. Too much demand & not enough supply.

Now, back to your regularly scheduled program. I think rewards will continue the same.

I'm guessing that regardless of the benefits, it will be harder to get credit cards with decent credit limits next year.

Wirelessly posted (BlackBerry9630/5.0.0.591 Profile/MIDP-2.1 Configuration/CLDC-1.1 VendorID/105)

More offers include miles but more also exclude repeat earning/churning. Not so useful. The bit also doesn't mention annual fees or other costs to accrue such windfalls.

yup, I agree: harder to get and harder to get with a decent credit limit.

I think it will be more rewards, higher annual fees and lower credit limits in the coming years.May be better retention offers too so people will hold on to those cards little longer then one year like the one CITI is offering now with their 100k promotion.
Happy new year fellows