My Chase Freedom has scaled back its rewards. I used to get 1% on everything (still get that) and then could get 3% on gas, fast food, using it to pay my phone/Directv bill, movies, etc. Now, the 3% deal is only good for 3 categories that change each quarter (and are not categories I spend money on very often). If I read it right, I've got to spend a certain amount in those categories before the extra % kicks in as well.
What I dislike the most, though, is that they had a deal where, if I saved $200 in rewards, they kicked in an extra $50 when I redeemed them for cash. So, if I saved up to $200 in rewards, I got an extra $50 for free. That feature is now gone.
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