I already transferred my $100k to SoFi for the 1% bonus. The 1k (actually less because of the market volatility) dwarfs the difference in cash back between the Smartly and whatever other card I would use. SoFi Active Invest ACAT Promotion | SoFi
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USBank has radically reduced the value of this card (see my recent post on the brokerage bonuses discussion. )
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Recent CC news not yet mentioned in this thread:
- Citi Rewards+ was nerfed = no more TY multiplier. Existing accounts will PC to a no-AF Strata on 7/20. Those who got Rewards+ within ~a year get an extension. PC from Rewards+ to CC/DC was briefly blocked for some, but is now allowed again (can be done via chat).
- Alliant CU removed the 2.5% Visa Signature information and application from the site. Existing users are unaffected for now, since I would expect some kind of announcement if anything were to change. When it rains, it pours, so Iām bracing for a nerf
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Updated the wiki to remove Rewards+ TY multipliers.
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Are you talking about CITI Double Cash card 2%? Itās still available, at least right now. I cashed a Thank You check yesterday.
I did not say that it was not available.
No, no, I wasnāt challenging what you mentioned about Citi DC card, I appreciate the clarification. As Iāve talked about in the past I still charge almost everything on my credit card. Iām not using travel miles like in the past, but the Thank U cash 
is nice!!
I have $17 cashback that canāt be redeemed. Thereās no way Iāll get to $50 by the time it gets nerfed. Iāll probably just close the card.
Reddit says that one of the āexciting new featuresā is reduced minimum redemption to $25, so youāre only $300 short.
As far as closing the card, I donāt plan on doing that. It doesnāt hurt to keep it open. Iām hoping theyāll quickly notice the drop in use and do something good about it.
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Buy a 400.00 gift card somewhere and get to 25.00 cash back
Looks like Smatly v1 is getting nerfed a little starting 9/15: https://www.bogleheads.org/forum/viewtopic.php?p=8455993#p8455993. Still allows for $100K in investments (unlike v1.1), but excludes some purchases from earning the extra 2% (still earn the base 2%):
Kinda glad I never bothered with it 
Alliant has a $25 minimum now? Thatās good to know.
Not now ā starting September 1st when the other changes take effect. In case youāre not following the Alliant thread, the cash back rate is going from 2.5 to 1.6.
Itās too bad about no longer being able to use it for taxes or insurance for sure. The $10k per billing cycle limit is pretty high if you canāt count taxes, gift cards or insurance towards it.
As long as they count investments for qualifying balance, Iāll keep using it as my default card for everyday purchases. The second it no longer qualifies, Iām out of their brokerage and sock drawer the card since there are better flat 2+% cards out there.
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There are different versions of the downgrade. For my account, the $100K has to be kept in the checking account.
Thatās nuts. Made me double check but the letter I received mentions that investment account balance will still count. I wonder how they picked who to downgrade to what. I thought it may be based on when people got the card but maybe not.
Got my card in late January, so just 6 months ago. I was hoping that it would last at least a year. Oh, well.
I got the card early January so not that different. It may be random or dependent on how much weāve cost them in 4% cashback so far ā¦ (~$1400 for me)
I have received a little under $5000 rewards. Used close to 100% of my $25K credit limit every statement period (no credit cycling).
I read some comments on reddit that someone who received the ābad letterā called in and was told that investments still counted for the deposit requirement. People suspect that the bad letters were a mistake.
After Sept 15th, weāll know for sure since the app shows you whatās your current cashback earning rate.