😡 Chase Just F**KED Sapphire Reserve Cardholders
Around 5am this morning, chase announced they can't support all the reward payouts they have been giving to card holders (3% cashback on ads) so they are moving off the 3% and to a tiered system. 3% cashback on ads untill 1m spend and then 1% cashback after, starting November 15th.
American express did the same thing a few years ago when the nuked the card redemptions from unlimited to 1m/year.
Here is the solutions for USA and Non usa spenders:
most of the fintech companies are still offering high cashback on unlimited spend on ads and any business expense (COGS, software, etc)
For both USA spenders and non USA -> Flex offers up to 2.3% cash-back on spend, with weekly repayments, for their credit card.
Flex also offers a rewards card that has no underwriting you can get as high of a limit as you have bank balance, same cashback as above + also able to top up with crypto coming in the next week. you can also withdraw and settle out in crypto.
(can be foreign w usa entity)
- for CC
- for Rewards Card
RT if this helped u