Details
Written by: RJ
A reliable source has sent details around changes to US Bank’s Smartly card and program. Not sure when these take effect, presumably 4/14/25.
- Base 2x remains unlimited
- The increased earn rates would be capped at 10k/spend per statement cycle.
- $10k on deposit for the 2.5x tier
- 3x tier still $50k
- 4x still $100k
- Increased earn rates will now exclude: Educational/school, gift cards, insurance, taxes, business to business transactions, and 3rd party bill payments
- No word on MCC codes/what qualifies under these
Only checking account balances will count towards the relationship balance. Savings and investment balances would no longer count for new applicants starting 4/14/25.
It’s believed existing cardholders prior to the 4/14 date would be grandfathered in to the current Smartly structure. Not sure how long that would last
Thoughts
An absolute gut punch on the checking account requirement…. Will keep updating as I learn more.
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