Cardless Changes Earning Structure
I have professed my love of Cardless a few times now, I mean it did make me $1600 when it was all said and done. I even got Benjy on the bandwagon, that is saying something right there. Then news came out that Cardless was moving to Amex‘s network which was interesting for a few reasons.
Around that same time things started going downhill though. The referral bonus & welcome offer dropped from $300 to $50. And, now, Doctor of Credit is reporting that the fun & quirky bonus spend categories are no more. Goodbye 7% back on rideshare and streaming, or 4% back on gas. Even Benjy’s favorite, 5% at restaurants on Manchester match days, has been nuked.
These were unique to Cardless and better than you would see elsewhere. I even kind of enjoyed the funkiness of some of them like requiring it to be a game day etc. Well, it appears the offers were too good to be true.
Going forward the Cardless cards will earn 3% on dining plus the increased rates for team tickets and merch will stay around. That is okay but I don’t even recognize the thing I once loved so much.
There Is Some Good News For Early Adopters
There is some good news, however. If you listened to me and Benjy months ago, and got on this train while the getting was good, it appears we are grandfathered in to the old earn rates. For the time being at least. Who knows if that will change once we are outside of our first 12 months of card membership, a timeframe that is always tricky legal wise. Maybe it changes once they are on Amex’s network?
I have to think the change over to Amex plays a role here. Maybe the cost is higher with Amex in these areas, or maybe it was simply just too lucrative for a no fee card. I’ll still be taking advantage of my 4% back at Speedway while I can though!