As the title said, this is not really a straight hot deal but, please hear me out. It may negatively affect some of us here.
Chase pays a $50 bonus when you redeem $200 in Cash Back rewards. Some of us here have taken advantage of that in the past. Unfortunately, I just got a mail from Chase which I discarded as junk mail. Thanks for my wife who picked it up and read it. According to the mail:
"The $50 bonus when redeeming $200 in Cash Back Rewards will no longer be available after June 30th"
So I suggest that folks that have accumulated $200 in Cash Back Rewards cash out before June 30th. Yeah, you make $50 on $200 (does this make for a hot deal?).
To enter a coupon code in your post please enter the following info:
Coupon Code:
Coupon Offer:
Merchant:
Expires (optional):
Restrictions (optional):
saving...
Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.
Thanks for posting this. I wonder if it makes sense to get a different card. I had gotten that extra $50 3 times already--other cards might offer something as good or better. I haven't looked in years.
For those of you that are short, have you tried using the Chase shopping center for extra Cash Back? Signing up for a trial of Netflix is $15, for example.
Dude. It is FAR worse than you wrote. They also discontinued the 3% Cash Back on "Everyday spending categories" is no longer in effect. That means ONLY 1% Cash Back on everything (except that they vaguely refer to 1% back on "new spending categories throughout the year." They are going to be paying out about HALF of the bonuses they were previously. I think it is time for a new card! Nutwood, I searched mint.com forums (for "chase freedom") and could not find anything about this. Link?
kneeldug said:Dude. It is FAR worse than you wrote. They also discontinued the 3% Cash Back on "Everyday spending categories" is no longer in effect. That means ONLY 1% Cash Back on everything (except that they vaguely refer to 1% back on "new spending categories throughout the year." They are going to be paying out about HALF of the bonuses they were previously. I think it is time for a new card! Nutwood, I searched mint.com forums (for "chase freedom") and could not find anything about this. Link?
Don't forget that they've also added a $30/year fee for keeping the card!
smilecfip said:kneeldug said:Dude. It is FAR worse than you wrote. They also discontinued the 3% Cash Back on "Everyday spending categories" is no longer in effect. That means ONLY 1% Cash Back on everything (except that they vaguely refer to 1% back on "new spending categories throughout the year." They are going to be paying out about HALF of the bonuses they were previously. I think it is time for a new card! Nutwood, I searched mint.com forums (for "chase freedom") and could not find anything about this. Link?
Don't forget that they've also added a $30/year fee for keeping the card!
I have not received the email but I just login to my reward account and it is still showing the $50 bonus and 3% reward.
========================================
Rewards Program Details
With Chase Freedom,SM you have the flexibility to earn more Cash Back with every purchase.
Chase Freedom gives you 3% Cash Back on your top 3 Everyday categories where you spend the most each month. There are 15 categories in all. As a Chase Checking Customer, you'll earn 3% Cash Back on your top 5 Everyday categories – a Chase checking account lets you earn in 2 extra Everyday categories!
Your spending habits may change from month to month – the triple rewards you earn for them will stay the same. You also earn 1% Cash Back per dollar on all other purchases. Here are the categories:
Gas Stations & Convenience Stores Grocery Stores Quick Service & Fast Food Restaurants Utilities (Gas, Electric, etc.) Drugstores Cable/Satellite TV & Internet Providers Department Stores Pet Stores & Veterinarian Phone/Cell Phone Bills Movie Theatres Gym Memberships Beauty Salons & Spas Movie Rentals Dry Cleaners Local Commuting You have a choice when it comes to rewarding yourself:
Chase Checking Customers with $10 in rewards can redeem for a $10 check, or Reach $50 in rewards and redeem for a $50 check, or Save up $200 in rewards and redeem for $250 Cash Back – that's a $50 bonus!
It looks like the $200 reward with $50 bonus is not available anymore. When I try to redeem the rewards, the highest one is only $115 worth of 2GB Ipod. For cash check, there is only $100 check option now.
Is there any other card which have similar bonus, so, then I can try to switch the card to to other type.
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
