As of 9/15/25, my US Financial institution Neatly bank card was downgraded from 4% money again for my state of affairs to the extra restrictive model of the unfavorable adjustments to the US Financial institution Neatly bank card, which matches what is accessible to new candidates. In different phrases, a 2% money again card. Going for any increased money again rewards tier would really lose you cash because of the curiosity you will need to surrender in your financial institution balances.
US Financial institution modified the phrases of their product lower than 6 months after many individuals utilized and opened a number of new accounts, together with myself. Moderately disappointing, though I’d have accepted the much less restrictive model. However now, since I can get higher money again elsewhere, it was time to tear down the US Financial institution relationship that I had beforehand been incentivized to construct.
Earlier than 9/15/25, I had:
- Neatly Checking account with lively deposits and withdrawals.
- Neatly Financial savings account.
- Neatly Credit score Card with hundreds of {dollars} in month-to-month transactions.
- US Bancorp Investments Self-Direct Brokerage account with $100,000+ in belongings.
After the unfavorable adjustments, I’ll have:
- Neatly Checking with $5 steadiness.
Neatly Financial savings(closed).- Neatly Credit score Card with no common exercise.
US Bancorp Investments Self-Direct Brokerage account(closed).
This minimal setup retains a couple of accounts open for attainable future use, however within the meantime there shall be no common exercise and no charges. The US Financial institution Neatly Checking has a $12 month-to-month charge that may be waived with a U.S. Financial institution Neatly bank card. The US Financial institution Neatly bank card itself has no annual charge. I’ll make a transaction on the checking and the bank card annually to keep up exercise and stop closure. Hibernation mode.