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my fav cc is now defunct

September 13th, 2011 at 09:41 pm

I just got notice that the rewards program on my favorite credit card is being axed, and the company (BofA) is replacing it with a much crappier, stingier program. Oh well. I knew it was too good to last.

It was a Schwab card, and it put 2 percent cash back every month into a brokerage account. That was bonus money for the kid's college funds. It was the perfect reward for us.

I guess I will have to spend some time cruising the offers that are out there. The sad thing is I've been throwing away a ton of credit card offers lately because we had no plans to open any new accounts. Now I'm kicking myself for throwing them away.

Here's to hoping some good offers show up either online or by mail before October 31!

1 Responses to “my fav cc is now defunct”

  1. PauletteGoddard Says:

    The sad thing is that now that credit card ownership is so concentrated among a few, and several major banks/TARP recipients among the major credit card "dispensers" are in no mood to let cardholders continue keeping the rewards and benefits they enjoyed when they first signed up for the cards.

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