U.S. Bank Smartly Visa Signature Card To Be Discontinued?
The U.S. Bank Smartly Visa Signature Card could soon be discontinued. There are a few reports on reddit that bank agents are saying that the card is no longer available for applications in-branch. Furthermore, it looks like it is no longer possible to product change to the U.S. Bank Smartly card.
The card is still available online for applications for now, but that should change within a month, if the rumors are true.
This would be a strange move by U.S. Bank, considering that they just launched this card in November. One of the datapoints says that bank agent did mention abuse as one of the reasons. The bank did send out a warning letter recently, telling cardholders that they should not use the card for business purchases.
For those who are not familiar with the U.S. Bank Smartly Visa Signature Card, this is an interesting product that has no annual fee and earns up to 4% cash back on every purchase if you have a U.S. Bank Smartly Savings account, IRA or other accounts. You will need to have balances of $100,000 or more in those accounts in order to earn 4% cash back on every purchase. Otherwise, you will only earn 2% cash back. You can read more about the card here.
If U.S. Bank does discontinue this card, maybe they’ll bring back the Altitude Reserve card which was discontinued when the Smartly card launched.
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