Credit Card Rewards Programs Being Scaled Back?
Supposedly, one of the trends that may be coming up in the world of popular rewards-style credit cards, which entice consumers to spend using their card since they will get some sort of points or credit toward cash back or other purchases, may be scaling back a bit. For example, some cards that used to offer 5% cash back for their rewards program, may start to offer something more like 2% cash back, and so on and so forth.
Also, many credit card companies are deciding that now that they’ve gotten people used to using their cards at gas pumps or in certain stores buying certain things, they may scale back on their rewards system for other things like double bonus points towards future purchases or cash back for buying in a certain store, or buying certain products online, and they will now move on to another market.
This is not such a bad thing as it sounds, because they are really just winding down on some other promotions in order to gear up for others, which can offer some potentially hefty rewards at first as an incentive to stick with a certain rewards or cash rebate credit card which translates into big savings for you, the consumer. So, keep an eye out for those new credit card offers in the mail, you may just save a lot of money on these, especially in their initial intro periods, and it may be worth it!
