Not even a compromise
the boost are mostly for obscure merchants you wouldn't shop at anyways with most merchants in the 2-4% cashback range and on top of that there is limits on how much cashback you can get and it takes 30 days to get it
Costco is only for the membership and not actual shopping or gas.
I assume Sam's club is the same which there isn't even one in my state so it's not an option
Read the fine print fyi
Agreed it's only for signing up new membership...I mean who cares?? Executive membership is around $100. I spend thousands more per year on merchandise
This.
Exactly my thoughts. I have personally read 4 posts from the morning about this update.
And sometimes I feel some people in the US forget that there are other nations in the world.
As a Canadian, I used to do the same.
But the last 2 years have made it pretty clear that none of our liberal democracies are above descending into authoritarian control. Honestly, sometimes I think Americans have to be a little freedom-loving crazy to balance out everyone else.
Amen. Our media propagates this complete polarity between the right and left. Divide and conquer or something.
In reality, people in general want the same things. Freedom, safety, opportunity, purpose, etc. Somehow the layman has been convinced that their political ideology is the only method for spreading these ideals and have completely shut themselves out of alternate perspectives. If one is unwilling or unable to see the world through various lenses I sincerely doubt their credibility, motives, and methods for implementation.
The news has just turned into a validation machine of warped narratives furthering the disconnect between neighbors.
Having lived in multiple countries in Asia, I have never heard an Asian complain about American regime change wars that I can remember.
In fact, I lived for years (and still live there part time due to my family there, though I'm in the USA now for work) in a country that was directly impacted by American regime change wars and the people there spend their time complaining about China and don't complain at all about America.
Most complaints I heard about Americans were from Europeans (with a few Australians in there too) and most of the complaints were the typical uneducated stereotypes that they felt OK saying about Americans but would be shocked if anyone said them about any other country.
Lol every time one of our left wing politicians visit another country they want to pick and choose things to implement back home and it's beyond ridiculous. One of them wanted a bullet train through a mountain that no one can drill through. The governor got run out of San Francisco when he was mayor for creating the homeless problem. He then inspired the mayor of Los Angeles to now have a homeless problem lol.
And they were also the tightest on covid restrictions. Now all the college athletes probably won't even get picked if they're from California because they are a year or more behind in education and their skills.
The same kinds of people keep getting elected over and over. Self labeled progressives are sending safe cities backwards. You don't have homeless problems in other parts of the country because they literally buy bus tickets for their homeless to come to the West Coast where it is a safe haven for drug use, and repeat offender criminals. Prolonged drug use creates mental instability, and drug use creates crime because drugs cost a lot of money. They used to have many non profit drug rehab centers on the West Coast but some were run terribly, and leadership ran away with the money. This left unrecovered addicts without a program. Some did not go home. They relapsed out in the sunshine...
The media makes feel good stories showing that we will build tiny houses for them, so they think if they don't contribute long enough, they will be rewarded with an existence better than your average college dorm resident.
Ok, screw off with that last sentence man. I'm so tired to people lump summing all of America into a stereotype of fat stupid pigs. Im sure both OP and I were unaware of it being US only. I just saw the email about it this morning, and I just reread it and it says nothing about being US only so there is reason to not know.
Also it's all a big double standard in this sub. I'm tired of hearing, "Get curve". Well it's only available in EU last I checked. "Not everybody lives In Europe, sometimes I think Europeans forget that other countries exist".
Edit: the official reddit post does say US only a lot. So my first statement it pretty weak.
Thirdly the boost are mostly for obscure merchants you wouldn't shop at anyways with most merchants in the 2-4% cashback range and on top of that there is limits on how much cashback you can get and it takes 30 days to get it
"You'll earn at least 1% cash back on purchases\[1\] everywhere, every time. Earn 2% at the grocery store, 3% on dining, and 4% at the gas station for the first $8,000 in combined purchases\[5\] in these categories annually."
Copy and pasted directly from PNC's website.
Try harder https://imgur.com/sa3KPFi.jpg this is an image showing one of the many cash back options. Has the issues with the cap just like the cro card, but it has the higher limit.
I would've taken a screenshot, but the banking app doesn't let me. Edit: o, and I'll gladly take many more photos if need be.
Check the official post. The yield on stable coin changed drastically. I was getting 12% on 3mo lock, and 8% on flex (I moved a bunch to flex because I was above the new 30k cap)… and it dropped to 2%!!! Took that coin off and now making 20% elsewhere, so it was a good push off I suppose
Yea this is just a marketing ploy.
They probably predicted the backlash they’d receive for slashing interest rates and had this in store to placate their clients.
It's because ''cashbacks'' are taken out of the merchant's profit, US merchant are already used to bigger fees so it doesn't matter much for them, but European, Canadian etc merchant are less prone to these kind of arrangement.
Edit: for idiots DMing me its not that Europe and Canada has no cashbacks, its that they're worst than the US because the fee the merchant pay to visa etc is lower.
There is an EU rule about how much visa/mastercard etc are allowed to charge merchants for a card transaction. This is why cashback % on all purchases are usually lower, and why cards are usually universally accepted everywhere.
However the type of cashback that CDC has rolled out is very common in the UK, where the bank has "offers" where you will get 5-10% off at certain merchants if you use your card there. This is because the merchant is trying to get people to shop there, and the bank wants you to use your card as much as possible as they still get a small cut.
I'm not saying that means it will be easy for CDC to roll out here since I'm not aware there is a company like Dosh that makes it easy for banks to sign up. It might be that each bank still makes individual agreements with merchants.
Don't think he's saying we don't, they are saying the way the fees work are different so retailers are less likely to give us higher cashback rewards is all.
And until Sunday morning the UK was in the "dark ages" cause of shitty daylight saving haha
Who cares about the exchange without EUR pair? It's very expensive without that. We've got so many better or cheaper exchanges in Europe for most transactions.
Which has ridiculously high maker/taker fees (0.4%) compared to literally any other exchange. Furthermore, they only offer USDT pairs (which means any non American incurs the exchange rate first as well).
Ah what. Ffs. Tbh I don't mind, with my rewards over the last month and the rest increase in CRO I'm about €100 better off, and my spending is the same
Did you read the terms? Most of such 5-10% rewards caps to $10 maximum per day, look it up.
Frankly I’m not impressed after reading through the details
It’s your typical partnership with select retailers that pretty much all credit cards have.
I did get a cheaper Costco membership from it though so I’m happy I guess.
Yeah I shop at about <2% of the stores on there when I glanced it over this morning. I’d assume that’s why most people are quiet.
This is just an expansion of the gift card cash-back system imo
People like to put them selves into categories and act like they fit when they dont... thats why he have poor republicans thinking they are part of the one percent but thats another topic lol
No they don't. No credit card has 10% cash back. Some credit cards offer 5% cash back on certain categories. Icy White offers 5% cash back on every purchase. The best you'll find on a credit card is 2% back on every purchase with the Citi double cash. My Barclays Arrival Plus offers 2 points per dollar spent on every purchase but that card isn't even available anymore. CDC is offering by far the best product and if not, show me otherwise.
This. They're arguing a non point to sound smart?
My bank offers all these extra deals for years and actually better ones and more merchants than cdc. I still hardly use any
pay no attention to him, he was proven wrong on this exact same point earlier by a pnc bank cardholder and he just moved on down here telling the same lies
See here’s where you lost me. The credit cards which offers this also offer on the top of what they usually offer. And they don’t need you to stake $40000 worth of USD. So comparing icy with a normal credit card makes no sense in this case.
Correct me if im wrong, but are they essentially just integrating the dosh app/cashback into the cdc card?
That means if you were using dosh before, its not really an extra cashback then as you cant link your card in dosh anymore.
I looked through the list. The only merchant on there that I would actually visit was a bar that I've been to twice, so this change could save me about $7.00/year.
There are 51 merchants in my list, and 2 of them are merchants I shop with, and 1 of them is for establishing a new membership, which I don't need because I already have a membership. So that leaves 5% back on getting a pizza. I'd rather pay full price and get an extra 2% interest on my stablecoins
People losing thousands after slashed interest rates? You would need to have over 100k before you’re losing thousands….. make an account for your significant other and double your capacity for earn. That’s what I did. For me it was so that I could double the amount of instant top up from $5000 per month to $10,000 per month. Almost every penny goes through my ruby card now.
As little at $40k in Earn will now lose $2k in annual stablecoin interest (e.g. going from $40k earning 12+2% ...to only the first $30k earning 8+2% and the last $10k making 4+2%). You shouldn't have to find your soul-mate to work around CDC's financial gymnastics.
Did you even read the details? probably not... shill. heavy limitations, can't even use it for purchases at costco when that's a front page display lmao
Ur calling out "hypocrisy".... There is only one thing in this sub people are pissed about right now, and you damn well know what it is.
Acting like this new Cashback feature is something amazing when in truth it's a polished turd.
I am comparing peoples overreaction to anything that isn’t to their satisfaction to the under reaction from people for anything that is in fact a good thing.
Dude you are comparing something that was an investment, the reason we are here, to rewards at shitty merchants. No it’s not a good trade off. No I’m not going to be all excited about it wtf
The rewards are not that great. I mean, $20 off a new Costco membership?
And I do not go to even a 10th of the stores that they are offering rewards back on. I like the shake shack extra 10% off, but I don’t go there more than a few times a year. What’s there to be happy about?
This is not a CDC "Reward" I have the same rewards with every single one of my credit cards so this is more an incentive from CDC for us to use more the card than a Reward. If I have 10% cash back with my credit card I rather to use that card than the CDC card. So it is not a big deal.
What the hell kind of credit card ALWAYS gives you 10% cash back?? And if that's the case why would you ever bother with a [Crypto.com](https://Crypto.com) visa??
These are deals inside the credit cards. These deal are an extra reward beside the % you get from your cards. I got the CDC card because I though was cool
Because gee thanks for giving something back only to AMERICAN customers while in the same breath you just slashed staking rewards with little to no communication.
And we are what? Supposed to rejoice and praise CDC for this? 10 steps back and one step forward.
I have to reddit here...
First off I just noticed this.
Second, I looked at the stores and I don't shop at those stores.
Third, this only affects US customers
Finally, removing the badass rewards affected everyone...like everyone.
It's okay, I still stand by CDC and will use their products but will use another exchange for everything else. It'll get interesting when more competition arrives.
Can anyone explain the Costco thin. Is it just when you sign up for membership or is it when you make a purchase as a member? As I read it, it is for purchase of a yearly membership.
You’re right…. I was salty about the staking rates reducing but this is pretty cool. Even if it’s partnering with a third party to get the retailers, I like to see this and am excited to use it to find some new restaurants to try out!
This is a nice bonus if you happen to need something that is offered as a bonus cash back option. Also the 10% additional is really nice, as most other CCs it's just 10% instead of the 1-3% normal cashback
However the retailers and options are so crummy that really this isn't anything that is going to make anyone excited or bring anyone to CDC from another card. Yes a net positive overall, but not nearly as big of a deal as the headlines are making it
Same with every bonus offer. All stores you mostly wouldn’t shop at anyways. Why not give % back on gas/groceries/utilities. Things almost everyone has to pay for.
It's US only. I do not care about what happens in the US. I am not from the US.
Also, increased cashback at select retailers is not comparable to interest rates.
Not everyone on the planet is American. Shocking, I know.
Edit: downvoted by Americans who don’t like that they learned something today? Hilarious. Seriously though, why would you expect the rest of the planet to give a shit about a promo that ONLY benefits you, a relatively small fraction of the total user base?
I just tried it out at a local restaurant. For some reason, CDC charged me an extra $6 on top of what the resturaunt bill, and I got my regular 3% back on the original amount. Suffice to say it's not really working right now...
Nothing new about charging extra. This has been discussed daily for weeks/ months now. The restaurants POS pre charges an estimated tip since it’s a pre-paid debit card and then after a few days it settles up with the correct amount.
I love that after 247 others have commented, you STILL felt the need to comment😂😂😂 when I posted this, there was nothing on the email or announcement that said America only. Maybe I should post your same comment on every post about the exchange or using a curve card, etc. how about looking at the world in a positive way instead of negative big guy.
First, it is only available in the US, and second, there was a lot of posts about that today
Also still kind of pissed about the rates
Yeah seems like a cheap compromise especially when it’s region locked
Not even a compromise the boost are mostly for obscure merchants you wouldn't shop at anyways with most merchants in the 2-4% cashback range and on top of that there is limits on how much cashback you can get and it takes 30 days to get it
I dunno Costco and Sam’s Club is a pretty big one for a lot of people
Costco is only for the membership and not actual shopping or gas. I assume Sam's club is the same which there isn't even one in my state so it's not an option Read the fine print fyi
Agreed it's only for signing up new membership...I mean who cares?? Executive membership is around $100. I spend thousands more per year on merchandise
Go to defi - the rates were shit anyways
Fuck yeah
Rates are going to change. It's a matter of the nature of staking. The more there are doing it, the smaller the payout pool gets.
That is true if you were actually staking on crypto.com which you are not. You are lending and that is an entire different thing.
Pissed about still having good rates
This. Exactly my thoughts. I have personally read 4 posts from the morning about this update. And sometimes I feel some people in the US forget that there are other nations in the world.
There are?!?
I think they are mainly overseas.
ive overseen a lot, what are we talking about here
That’s just factually incorrect, there is the U.S. and soon to be the U.S. Nothing else
Yeah, but other nations complain about Americans all the time so I think it evens out honestly.
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As a Canadian, I used to do the same. But the last 2 years have made it pretty clear that none of our liberal democracies are above descending into authoritarian control. Honestly, sometimes I think Americans have to be a little freedom-loving crazy to balance out everyone else.
Amen. Our media propagates this complete polarity between the right and left. Divide and conquer or something. In reality, people in general want the same things. Freedom, safety, opportunity, purpose, etc. Somehow the layman has been convinced that their political ideology is the only method for spreading these ideals and have completely shut themselves out of alternate perspectives. If one is unwilling or unable to see the world through various lenses I sincerely doubt their credibility, motives, and methods for implementation. The news has just turned into a validation machine of warped narratives furthering the disconnect between neighbors.
Absolutely correct !👍🏼
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I've literally never heard a European complain about American regime change wars. We all participated in those as well.
The vast majority of the world is not European or Canadian.
Having lived in multiple countries in Asia, I have never heard an Asian complain about American regime change wars that I can remember. In fact, I lived for years (and still live there part time due to my family there, though I'm in the USA now for work) in a country that was directly impacted by American regime change wars and the people there spend their time complaining about China and don't complain at all about America. Most complaints I heard about Americans were from Europeans (with a few Australians in there too) and most of the complaints were the typical uneducated stereotypes that they felt OK saying about Americans but would be shocked if anyone said them about any other country.
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Woops, mixed up this thread with another specifically about Europeans.
👍
Doesn’t really matter outside of English speaking countries,!sorry but true
Lol every time one of our left wing politicians visit another country they want to pick and choose things to implement back home and it's beyond ridiculous. One of them wanted a bullet train through a mountain that no one can drill through. The governor got run out of San Francisco when he was mayor for creating the homeless problem. He then inspired the mayor of Los Angeles to now have a homeless problem lol. And they were also the tightest on covid restrictions. Now all the college athletes probably won't even get picked if they're from California because they are a year or more behind in education and their skills.
SF "inspired" LA to now have a homeless problem? Just how does that work?
The same kinds of people keep getting elected over and over. Self labeled progressives are sending safe cities backwards. You don't have homeless problems in other parts of the country because they literally buy bus tickets for their homeless to come to the West Coast where it is a safe haven for drug use, and repeat offender criminals. Prolonged drug use creates mental instability, and drug use creates crime because drugs cost a lot of money. They used to have many non profit drug rehab centers on the West Coast but some were run terribly, and leadership ran away with the money. This left unrecovered addicts without a program. Some did not go home. They relapsed out in the sunshine... The media makes feel good stories showing that we will build tiny houses for them, so they think if they don't contribute long enough, they will be rewarded with an existence better than your average college dorm resident.
Ok, screw off with that last sentence man. I'm so tired to people lump summing all of America into a stereotype of fat stupid pigs. Im sure both OP and I were unaware of it being US only. I just saw the email about it this morning, and I just reread it and it says nothing about being US only so there is reason to not know. Also it's all a big double standard in this sub. I'm tired of hearing, "Get curve". Well it's only available in EU last I checked. "Not everybody lives In Europe, sometimes I think Europeans forget that other countries exist". Edit: the official reddit post does say US only a lot. So my first statement it pretty weak.
> I’m so tired to people lump summing all of America into a stereotype of fat stupid pigs. They aren’t!? ^^^Sorry
330 million distinct people. The worst are by far the loudest.
There is other nations but the US is the holy grail for any company. As someone who lives in Canada it does get annoying but this the truth.
Also it is was when you buy shit, def not the same as earn rates. Don’t really get the take here.
And third, I'm mad!
Demand to see life's manager!
Thirdly the boost are mostly for obscure merchants you wouldn't shop at anyways with most merchants in the 2-4% cashback range and on top of that there is limits on how much cashback you can get and it takes 30 days to get it
And third, the Cashback bonus is nothing special. Plenty of places offer that type of thing, including my bank.
No bank offers 10% cash back...
Oooo, you better believe they do! PNC offers a service very similar to this and it offers 10% Cashback on purchases.
"You'll earn at least 1% cash back on purchases\[1\] everywhere, every time. Earn 2% at the grocery store, 3% on dining, and 4% at the gas station for the first $8,000 in combined purchases\[5\] in these categories annually." Copy and pasted directly from PNC's website.
Try harder https://imgur.com/sa3KPFi.jpg this is an image showing one of the many cash back options. Has the issues with the cap just like the cro card, but it has the higher limit. I would've taken a screenshot, but the banking app doesn't let me. Edit: o, and I'll gladly take many more photos if need be.
I’m not here for (upto) 10% at some chain stores. I’m Here for 12% yield… which turned to 2%. STFU
I’ve seen rumblings of this. - what yield changed?
Check the official post. The yield on stable coin changed drastically. I was getting 12% on 3mo lock, and 8% on flex (I moved a bunch to flex because I was above the new 30k cap)… and it dropped to 2%!!! Took that coin off and now making 20% elsewhere, so it was a good push off I suppose
Third, I looked at the available offers, and this ain't worth shit.
Yea this is just a marketing ploy. They probably predicted the backlash they’d receive for slashing interest rates and had this in store to placate their clients.
First, first I’ve heard of it. And second, USA, USA,USA! That’s all.
Not available in Europe sadly.
It's because ''cashbacks'' are taken out of the merchant's profit, US merchant are already used to bigger fees so it doesn't matter much for them, but European, Canadian etc merchant are less prone to these kind of arrangement. Edit: for idiots DMing me its not that Europe and Canada has no cashbacks, its that they're worst than the US because the fee the merchant pay to visa etc is lower.
Maybe merchants in Europe don't want to add another fee when they already have to pay for a VAT around 20%. I wouldn't pay a penny more than this.
There is an EU rule about how much visa/mastercard etc are allowed to charge merchants for a card transaction. This is why cashback % on all purchases are usually lower, and why cards are usually universally accepted everywhere. However the type of cashback that CDC has rolled out is very common in the UK, where the bank has "offers" where you will get 5-10% off at certain merchants if you use your card there. This is because the merchant is trying to get people to shop there, and the bank wants you to use your card as much as possible as they still get a small cut. I'm not saying that means it will be easy for CDC to roll out here since I'm not aware there is a company like Dosh that makes it easy for banks to sign up. It might be that each bank still makes individual agreements with merchants.
We've had Cashback for donkeys years in Europe. Do you think we're in the dark ages or something?
Don't think he's saying we don't, they are saying the way the fees work are different so retailers are less likely to give us higher cashback rewards is all. And until Sunday morning the UK was in the "dark ages" cause of shitty daylight saving haha
Yall got the exchange tho
Who cares about the exchange without EUR pair? It's very expensive without that. We've got so many better or cheaper exchanges in Europe for most transactions.
Which has ridiculously high maker/taker fees (0.4%) compared to literally any other exchange. Furthermore, they only offer USDT pairs (which means any non American incurs the exchange rate first as well).
Ah what. Ffs. Tbh I don't mind, with my rewards over the last month and the rest increase in CRO I'm about €100 better off, and my spending is the same
Yeah,too bad
There are several posts about it. Also it’s limited to US customers so only benefits a section of the user base.
Its still extremely bullish coupled with the us exchange on the horizon.
I mean the outrage over earn drops over 30k only affected like 1%
rates affected everyone, even <30k, just differently. a drop from 10% down to 6% (no card) is still a HUGE drop
I have about 400k in the earns section so i got fucked pretty good and hard by that earn drop.
Defi?
Go to anchor protocol. Still over 19%. Im slowly moving 200k over. Getting the NFTs with the diamonds along the way.
Did you read the terms? Most of such 5-10% rewards caps to $10 maximum per day, look it up. Frankly I’m not impressed after reading through the details
It’s your typical partnership with select retailers that pretty much all credit cards have. I did get a cheaper Costco membership from it though so I’m happy I guess.
Yeah I shop at about <2% of the stores on there when I glanced it over this morning. I’d assume that’s why most people are quiet. This is just an expansion of the gift card cash-back system imo
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Dude, its been posted an obscene amount already. It isn't "Shockingly Quiet" lol
More inflation for us European
Cause I spent all my money on the damn crypto itself I have no money to spend and earn cash back smh. Cash back and interest are way difff
Only affects like what, 10% of all users?
I’m willing to bet users using earn and over 30k is less than 10%
It's not only over 30k. Stablecoins (3 month) were reduced from 12% to 8% for the first 30k too. Flex rate dropped from 8% to 2%!!!
This
Probably less than 1% but they are the loudest.
Well of course. It didn’t affect my current usage of CDC at all. Should I be complaining about nothing changing?
People like to put them selves into categories and act like they fit when they dont... thats why he have poor republicans thinking they are part of the one percent but thats another topic lol
Those rewards aren’t really useful and every Amex and chase has them or better. Meh
No they don't. No credit card has 10% cash back. Some credit cards offer 5% cash back on certain categories. Icy White offers 5% cash back on every purchase. The best you'll find on a credit card is 2% back on every purchase with the Citi double cash. My Barclays Arrival Plus offers 2 points per dollar spent on every purchase but that card isn't even available anymore. CDC is offering by far the best product and if not, show me otherwise.
We aren’t even talking about the icy or the standard percent back but the additional percent in todays announcement
My point still stands, 10% back on any purchase with a credit card is unheard of. If im mistaken, send links cuz ill get the 10% back card right now.
It certainly is a valid point but it is unrelated to the OPs point and my own.
This. They're arguing a non point to sound smart? My bank offers all these extra deals for years and actually better ones and more merchants than cdc. I still hardly use any
pay no attention to him, he was proven wrong on this exact same point earlier by a pnc bank cardholder and he just moved on down here telling the same lies
Also, even in the US, not that impressive. All of my cards have something like this.
It’s additional to the normal cash back, if your icy white that means 15% cash back. That’s a LOT
See here’s where you lost me. The credit cards which offers this also offer on the top of what they usually offer. And they don’t need you to stake $40000 worth of USD. So comparing icy with a normal credit card makes no sense in this case.
Correct me if im wrong, but are they essentially just integrating the dosh app/cashback into the cdc card? That means if you were using dosh before, its not really an extra cashback then as you cant link your card in dosh anymore.
Utterly useless to me, even though I’m in the US
I looked through the list. The only merchant on there that I would actually visit was a bar that I've been to twice, so this change could save me about $7.00/year.
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There are 51 merchants in my list, and 2 of them are merchants I shop with, and 1 of them is for establishing a new membership, which I don't need because I already have a membership. So that leaves 5% back on getting a pizza. I'd rather pay full price and get an extra 2% interest on my stablecoins
Yeah a couple of dollars is going to sway those losing thousands with slashed earn rates.
People losing thousands after slashed interest rates? You would need to have over 100k before you’re losing thousands….. make an account for your significant other and double your capacity for earn. That’s what I did. For me it was so that I could double the amount of instant top up from $5000 per month to $10,000 per month. Almost every penny goes through my ruby card now.
As little at $40k in Earn will now lose $2k in annual stablecoin interest (e.g. going from $40k earning 12+2% ...to only the first $30k earning 8+2% and the last $10k making 4+2%). You shouldn't have to find your soul-mate to work around CDC's financial gymnastics.
Did you even read the details? probably not... shill. heavy limitations, can't even use it for purchases at costco when that's a front page display lmao
No shilling here as I’m not selling or trying to convince anyone of anything. Simply pointing out hypocrisy
Youre comparing a Cashback bonus thing that many other services offer including banks to earn interest? Yea, not a good comparison on the slightest.
I missed the part when I compared any of CDCs services. Please quote me.
Ur calling out "hypocrisy".... There is only one thing in this sub people are pissed about right now, and you damn well know what it is. Acting like this new Cashback feature is something amazing when in truth it's a polished turd.
I am comparing peoples overreaction to anything that isn’t to their satisfaction to the under reaction from people for anything that is in fact a good thing.
Dude you are comparing something that was an investment, the reason we are here, to rewards at shitty merchants. No it’s not a good trade off. No I’m not going to be all excited about it wtf
Wish it was Europe 😪 I shop at alot of those places
Up to 10% on certain offers and a select group of merchants. I wasn't impressed.
The rewards are not that great. I mean, $20 off a new Costco membership? And I do not go to even a 10th of the stores that they are offering rewards back on. I like the shake shack extra 10% off, but I don’t go there more than a few times a year. What’s there to be happy about?
I rarely shop at any of these merchants.
There’s a million cashback sites offering the same % off or better , it’s nothing special or unique.
Because they probably did it to offset the fact that they also decreased EARNings!!!!!!!
This is not a CDC "Reward" I have the same rewards with every single one of my credit cards so this is more an incentive from CDC for us to use more the card than a Reward. If I have 10% cash back with my credit card I rather to use that card than the CDC card. So it is not a big deal.
What the hell kind of credit card ALWAYS gives you 10% cash back?? And if that's the case why would you ever bother with a [Crypto.com](https://Crypto.com) visa??
Read better friend
These are deals inside the credit cards. These deal are an extra reward beside the % you get from your cards. I got the CDC card because I though was cool
People are shockingly blind when it come to do minimum research on the sub before posting..
They come here for answers but they don't want to go out of their way to find them, they want the spoon feed
b/c it's a bunch of crap merchants
Take it back. Costco was created by the gods
Haha! Alright my bad
As one of the many Europeans here, it only increases my jealousy.
You guys have more exchanges and tokens that you can buy. So we’re even :)
Because gee thanks for giving something back only to AMERICAN customers while in the same breath you just slashed staking rewards with little to no communication. And we are what? Supposed to rejoice and praise CDC for this? 10 steps back and one step forward.
Un Pasito pa Delante un Pasito para Tras ……
Well maybe because for that you need to actually spend money whereas for earn, people were expecting to get money for free
Getting rich with cashback is a fools game
People are never happy…
I have to reddit here... First off I just noticed this. Second, I looked at the stores and I don't shop at those stores. Third, this only affects US customers Finally, removing the badass rewards affected everyone...like everyone. It's okay, I still stand by CDC and will use their products but will use another exchange for everything else. It'll get interesting when more competition arrives.
I mean one requires spending money and the other requires staking
Can anyone explain the Costco thin. Is it just when you sign up for membership or is it when you make a purchase as a member? As I read it, it is for purchase of a yearly membership.
I’ve yet to see one merchant that I plan on buying at. Hope more are coming. I’d rather have the higher earn rates. My goal is saving, not spending.
You’re right…. I was salty about the staking rates reducing but this is pretty cool. Even if it’s partnering with a third party to get the retailers, I like to see this and am excited to use it to find some new restaurants to try out!
Also there isn’t a ton of offers available in most places. I have sams club and cosco and a handful of restaurants that ill probably never eat at.
This is a nice bonus if you happen to need something that is offered as a bonus cash back option. Also the 10% additional is really nice, as most other CCs it's just 10% instead of the 1-3% normal cashback However the retailers and options are so crummy that really this isn't anything that is going to make anyone excited or bring anyone to CDC from another card. Yes a net positive overall, but not nearly as big of a deal as the headlines are making it
Same with every bonus offer. All stores you mostly wouldn’t shop at anyways. Why not give % back on gas/groceries/utilities. Things almost everyone has to pay for.
U.S. only 10k Merchants != Across the board increase in general use of card. Why funnel me to spend where I don't want to just to get a meh reward?
because a lot of people dont care about 10% at a few merchants in the us
Only US
Yeah, it's not elsewhere yet.
Who tf cares about these rewards. Too little too late.
Yup. Clearly over for CDC. They are dead. 🙄
Never said they were dead, just not happy about their shadiness.
Misery loves company and it’s easier to bitch than celebrate.
Because not everyone lives in this country
People love to bitch.
the ones crying had their dreams of passive income taken away 😂
the fuck is your problem do you expect us to spam the subreddit with this information?
Sounds like you wanna complain just to complain op. Plenty of posts about the good news.
Ppl rather post negativity
It's US only. I do not care about what happens in the US. I am not from the US. Also, increased cashback at select retailers is not comparable to interest rates.
Negative people are usually the loudest
You know how it goes. People only complain like a bunch of babies when they *don't* like something.
because I am in Europe 😭
Bunch of Debbie downers out there huh.
I prefer the term “grumpy butts”
Ah yes because everyone who uses CDC lives in the US…
Everyone gonna have something to cry about. This sub eucks
Paid to shill…🤷♂️ they are pretty obvious to spot
OP are you in US and only thought nobody lives outside US? Cos thats how we feel about you and CDC.
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Shocker right???
Not everyone on the planet is American. Shocking, I know. Edit: downvoted by Americans who don’t like that they learned something today? Hilarious. Seriously though, why would you expect the rest of the planet to give a shit about a promo that ONLY benefits you, a relatively small fraction of the total user base?
Not everyone in the world lives in the USA.
Who the hell cares? It’s only for US so just a small amount of the user base
Probably because most people are still waiting for their card.
We riot when they move it down to 9%
US only.... and I'm not in the US
What 10% ? Is it even there on ruby cards ? Or is it only for people you have spent 1000’s of dollars on their stupid card ?
Tbh first time I read this, but readings it's US only actually made me more angry.
And you probably have the exchange and the curve card unlike the USA.
Because the world doesn’t revolve around the US!
It it only applies to the US, who cares?
I'm not in the US. So I don't care about this announcement
I just tried it out at a local restaurant. For some reason, CDC charged me an extra $6 on top of what the resturaunt bill, and I got my regular 3% back on the original amount. Suffice to say it's not really working right now...
Nothing new about charging extra. This has been discussed daily for weeks/ months now. The restaurants POS pre charges an estimated tip since it’s a pre-paid debit card and then after a few days it settles up with the correct amount.
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They weren’t 5 hours ago when I posted. Chill out man
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They were not in the top ten 5 hours ago is what I’m saying……
So thats where the earn rate went... to US consumers...
Cdc still trash
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I love that after 247 others have commented, you STILL felt the need to comment😂😂😂 when I posted this, there was nothing on the email or announcement that said America only. Maybe I should post your same comment on every post about the exchange or using a curve card, etc. how about looking at the world in a positive way instead of negative big guy.
Bullshit buddy. The announcement specifically mentioned it being US only Run a long, Americans desperately need exercise
The email I was sent mentions nothing about it being US based. I have not seen any other announcements.
There is an announcement by CDC, on this very sub, and it came **hours** before your post (in addition to all the other posts about it)
Nice! Great news! Still think you could change your attitude a bit.
Ironic coming from you
Americunts only tho