In this episode of 'Stack Your Points,' the hosts conduct a year-end review of 2025, discussing standout credit card issuers, notable cards, and major events in the credit card industry. The episode highlights US Bank’s failures, Citi’s partnership with American Airlines, and Chase’s missteps with the Sapphire Reserve refresh. The hosts debate future potential refreshes for cards like the American Express Green and Chase Sapphire Preferred and predict which cards might get nerfed. They delve into the implications of the Discover payment network acquisition by Capital One and explore potential moves by other major banks. Speculations include the evolution of Bilts card lineup, cardless as Bilts next issuer, and strategies various banks may adopt in the constantly changing financial landscape. The episode also touches on macroeconomic concerns and their impact on credit card industry strategies.

00:00 Introduction and Year-End Review