Last month I received a letter from Nordstrom saying they are transitioning to a Nordstrom Visa card unless I opt out to keep my Nordstrom credit card. I don't need another Visa/Mastercard as I get cash back on my current REI card.

Generally, I would say that when a business wants you to change to something else it is for their benefit and not yours. But before I opt out, I would be interested to hear your thoughts on this change.