USAlliance 3% Card Will Drop To 2% In February

USAlliance has a no annual fee Visa Signature card that earns 3x points on all purchases. Existing cardholders have received a notice in their last statement stating that effective February 1, 2021 this rate will be reduced to 2x points. You can view the full list of the best every day earning cards by clicking here.

Hat tip to myFICO

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A M
A M

Is this only possible with POINT cards and not actual CB cards that give a percentages? Since they can devalue the points the way Alliant just did or simply lower the amount from 2x to 1x or 3x to 2x

I still have the USAA limitless card which is a CB card and they have not lowered the amount and am not sure if they are even allowed to, they stopped taking new applications a while ago

I figure i would apply for the AOD 3% card but maybe not if the possibility of lowering is a legal option for credit companies

Professional MSer
Professional MSer

ded…….

Ben
Ben

Anything >2% is not profitable for banks. Unless you’re a big issuer who has enough % of people that carry a balance every month.

fubag
fubag

lol they make enough with savings accounts paying 0.01% interest that im sure they can afford >2%

TB
TB

fubag you should bank with UNICEF and get their CC

Parts Unknown
Parts Unknown

Damn

Midnight
Midnight

Not surprising considering 3% eats heavily into interchange and probably not enough people paying interest.

TomJ
TomJ

I just got the card about a month ago. I even cancelled some other cards to “make room” for this one. Sad day!

Ron
Ron

Should have gone with the AOD card

WFM
WFM

Let’s see if AOD lasts much longer. We’ve seen two 3% cards nerf in a few months.

TomJ
TomJ

From what I read, the AOD card isn’t easy to get. That is why I went with this one. Maybe I should have tried for AOD anyway?