🚀 Our new App is live!  Signup

💳 The best offers for April! Details 

Advertiser Disclosure

Advertiser Disclosure

Although we put in a lot of effort to give our readers unbiased information, and we include many credit card offers on our website for which we do not get paid any compensation, we are legally required to notify you that we may be receiving compensation from some of the credit card companies mentioned on our website.

Some of the credit card offers which appear on helpmebuildcredit.com are from credit card companies from which this site possibly receives compensation. This compensation may impact how and where credit card offers appear on this site. This site possibly does not include all available credit card offers.



My 2022 Predictions. I Was Wrong On Almost Every Single One

- Dec 25, 2022 Credit Card Info0 comments

In the beginning of 2022, I released my predictions for 2022. 

But I never predicted that my predictions will be as predicted. I actually predicted that my predictions will not be as predicted. So basically, I can now say that “as predicted, my predictions were not as predicted:)“.

Let’s review my predictions and see how wrong I was.

Prediction #1 - Amex will release a higher than 2% cashback card

I predicted Amex will fight back the Capital One Spark Plus and Chase Ink Premier, and issue a card that will beat them both with even more than 2% cashback. 

I was wrong – this card never materialized. But the thing is that the Chase Ink Premier card was released (publicly) late 2022 instead of what they originally said, early 2022. I think a new, unlimited 2% Amex card will still be coming, and that I was just wrong with the timing.

Prediction #2 - Chase will release a luxury business card

I was wrong on this one as well. A Chase luxury business card was never released. Will it still come? Yes, I think so (but I’m no longer predicting it:).

Prediction #3 - No annual fee cards will be losing benefits

I predicted that more cards will be losing benefits in 2022, especially the “no annual fee” cards. 

We did not see any such major trend actually happen. I’m wrong again here as well.

Prediction #4 - Annual fees will be going up on many cards

Banks have started raising annual fees before the pandemic but then mostly stopped during the pandemic. I predicted that those annual fee increases will resume in 2022. 

You can’t miss every time you try so here I was finally right. We did see annual fee increases on many cards during 2022.

Prediction #5 - Many more Fintech apps will be releasing credit cards

I predicted that in 2022, we will see many more Fintech apps popping up and offering new ideas in the credit card space. 

We did see some pop up in early 2022 but then, surprise! Interest rates went up and Fintech apps lost access to their free money and started dying like flies. That put a dead end to my prediction!

Prediction #6 - More debit cards will offer rewards

Amex did release a debit card in 2022 that earns a small amount of points. But this prediction pretty much ended up with the same issue as prediction #5. Free money has stopped and so did these creative Fintech companies that where trying to promote a trend of offering debit cards with cashback.

2022 was an awesome year

Even though I was wrong with most predictions, 2022 was a great year in the credit card industry.
We saw many all-time high offers and credit limits were approved at all-time highs.
I’m hoping this trend will continue into 2023.

Stay tuned for my predictions for 2023

If you think I’m stopping my career of predicting then think again. I’m not giving up, I’m going to make more predictions for 2023. Stay tuned! And prepare a grain of salt:) 

Was this article helpful?

Sam Sam has nearly a decade's worth of experience educating his many readers on everything credit. Sam spends his days checking out credit cards for a full report, from the minute benefit details to the shebang of welcome bonuses. Plus studying the ins and outs of building proper credit. It’s his favorite pastime and he loves sharing it with others.

Leave A Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Follow us

Click here to subscribe to
our WhatsApp channel

best offers

Capital One Venture X Business

Earn 150,000 miles after spending $30,000 within the first 3 months.

more info

Ink Business Preferred Credit Card

Earn 100,000 points after spending $8,000 within the first 3 months.

more info

The Platinum Card from American Express

Earn 150,000 points after spending $8,000 within the first 6 months (terms apply).

more info

American Express Business Gold Card

Earn 130,000 points after spending $10,000 within the first 3 months (terms apply).

more info

You May Also Like

Credit Card Grace Period Explained

Credit Card Grace Period Explained

We all know that we don’t pay interest on credit card purchases until after the credit card due date. But do you know why? You may answer that the credit card issuers want you to use your credit cards, so it doesn’t make sense for them to charge you interest. That is...

read more
Best Credit Cards With Airport Lounge Access [2024]

Best Credit Cards With Airport Lounge Access [2024]

Traveling for Yom Tov? Do you know that you can enjoy airport lounges without upgrading your travel ticket? If you have a credit card that has lounge access, you can enjoy the luxury of it on your trip.  With many of us flying for Yom Tov and with summer travel season...

read more
Only 2 Days Left! United Business 100k Offer

Only 2 Days Left! United Business 100k Offer

Update: Offer expired. There is a great welcome offer on the card_name that is expiring in two days. Earn 100,000 miles after spending $5,000 within the first 3 months. Expires on Wednesday, 04/03/24 at 6 pm EST. Get the offer now! There isn’t much time left! Get the...

read more

Download link sent

Got it * please check your promotional inbox

Error sending download link

Try Again