6 Credit Card Trends That Need to DIE! (Amex, Chase, Capital One…)

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00:00 - Intro
00:52 - Trend #1
3:02 - Trend #2
7:30 - Trend #3
9:34 - Trend #4
10:37 - Trend #5
12:33 - Trend #6

With all of the different travel and cash back credit cards we have in the U.S. market, it’s great to have so many choices. However, there are some trends we’re seeing that can be quite frustrating because they make you work harder to justify having a certain credit card.

Here are my Top 6 Credit Card Trends that need to end ASAP!

Trend 1: Coupon Book Style of Credits
Some perfect examples of this are the Amex Platinum Card, Chase Sapphire Reserve card, and the Amex Gold Card. Each of these have credits and benefits that act like coupons or discounts in certain spend categories or with particular merchants. They often require extra thought and a form of tracking on your part to make sure you’re using the benefits available to you in order to justify the annual fees of these cards.

Trend 2: Inconsistent Point Values
If you’ve ever looked at how to redeem Amex Membership Rewards points, you’ll see that there are many ways to do so. It’s nice to have a lot of flexibility, but the value you get can vary dramatically from one redemption type to another. For instance, redeeming Amex points for travel vs. cash back vs. online shopping can bring you more or less value.

Trend 3: Welcome Offer Games
Credit card issuers like American Express and Chase may show different signup bonus offers to different people (even at the same time)! This means you may or may not get a good (or the best) offer at any moment in time. Considering the high value of both Amex Membership Rewards Points (from the likes of the Amex Platinum Card, Amex Gold Card, or Amex Green card) and Chase Ultimate Rewards points (from the likes of the Chase Sapphire Reserve, Chase Sapphire Preferred, or either of the 2 main Freedom Cards – Chase Freedom Flex or Chase Freedom Unlimited), you want to take extra caution to get great offers!

Trend 4: Overly Complicated Welcome Offer Rules
Getting a credit card signup bonus today can be complicated with all of the different rules from different issuers. Here are a few examples of well-known rules:
- Amex Lifetime Rule
- Amex Family Rule
- Amex 1/5 Rule
- Amex 2/90 Rule
- Chase 5/24 Rule
- Chase 2/30 Rule
- Chase 1/30 Guideline
- Chase 24-Month Rule
- Chase 48-Month Rule

Learn more about these rules in these videos…

1. NEW RULES! How to Get 100% APPROVED for Amex Credit Cards (Amex Credit Card Application Rules 2024): https://youtu.be/G3ksdsf3PN0?si=fXeWWaONYcoJegtZ

2. How to get APPROVED for Chase Credit Cards! (Chase Application Rules): https://youtu.be/mlGWG5btFmc?si=dmtmQQqqTJX_buer

Trend #5: Multiple Hard Inquiries for 1 Application
Capital One is best known for this; they pull from all 3 bureaus for each credit card application you submit. Frankly, 1 hard pull per credit card application should suffice.

Trend #6: Not Disclosing Minimum Application Requirements
Publishing requirements for things like minimum income, credit score, etc. would be immensely helpful. Unfortunately, it’s an extremely rare practice, at least in the U.S.

Disclosure: The thoughts, opinions, and information presented are those of the creator. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com, YourBestCreditCards.com, and others. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.

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