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I’ve seen this a couple of places, and I do not have first-hand information about the veracity of the information. Doctor of Credit has the best summary of the rumor that is going around:
A good source indicates that Chase has imminent plans of changing the 5x category on the Chase INK line cards to earn just 3x.
This change will not affect existing cardholders. Only new card applicants.
The new 3x category has been in the planning stages for quite some time, and will probably go into effect sometime within the next few months.
The news is not all bad, though. According to the source, all 5x and 2x categories will become 3x.
Therefore it would be wise to consider signing up for an Ink card now, if the rumor is true then you don’t lose out on 5 points per dollar earning at office supply stores and on cellular phone, landline, internet and cable TV services.