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?).
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 They also discontinued the 3% Cash Back on "Everyday spending categories" is no longer in effect.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?
dont know how to link but the thread is - "Order Dollar Coins from US Mint at Face Value with Free Shipping (Alive!)". search here in FW !!!
smilecfip
Addicted Member
posted: May. 11, 2009 @ 9:33p
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 They also discontinued the 3% Cash Back on "Everyday spending categories" is no longer in effect.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 They also discontinued the 3% Cash Back on "Everyday spending categories" is no longer in effect.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!
nagapraveen
Member
posted: May. 12, 2009 @ 12:20a
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 $100 check option now.
Is there any other card which have similar bonus, so, then I can try to switch the card to to other type.
kneeldug said: Dude. It is FAR worse than you wrote. They also discontinued the 3% Cash Back on "Everyday spending categories" is no longer in effect. That means ONLY 1% Cash Back on everything (except that they vaguely refer to 1% back on "new spending categories throughout the year." They are going to be paying out about HALF of the bonuses they were previously. I think it is time for a new card! Nutwood, I searched mint.com forums (for "chase freedom") and could not find anything about this. Link?
I believe in previous posts or threads... we covered that they discounted the 3% for NEW cards... people who already got the card will continue to receive the 3%..
as for the 50$ bonus when u get to 200... that I am not sure of 100%.
If you're close to $200 in reward points, quick ways of getting there: Open and fund a new Chase checking+savings account, limit $1000 per account, total $2000 AMEX $500 gift card: $5 FW Cash Back + free shipping code make it break even
parfour7th
Member
posted: May. 12, 2009 @ 5:23p
Thank for the heads up....I just checked website and $250 is still available for me in Detroit market. FWIW, the item number among the reward options is F2607 for the $250 Chase Freedom Cash Check. I'm only a few dollars away from $200. The Lenovo deal last month should put me over the top.
probably shouldn't be spoon feeding, but try Citi Forward for 5x points on restaurants and bookstores (i.e. Amazon). that translates to 4% for mortgage payments, 3.125% cash, and for some people 5% for student loan payments.
followed by Fidelity Retirement rewards which gives you 2% toward Fidelity retirement accounts, or if you're really patient, 2% CashBack after you spend $12.5k
eventuality
New Member
posted: May. 16, 2009 @ 8:18p
I haven't received a letter yet.. Chase usually sends me a ton of mail advertising Fraud Protector services so I think I might have thrown it out by mistake. Hopefully that isn't the case here. Thanks for posting the Citi card.. I've been looking for a new card for awhile because 0% Cash Back and 1% in rewards leaves much to be desired.
i think i did the SAME thing as 'eventuality'...thanks so much for posting. i've taken advantage of the $50 at least 6 different times. it's the best. too bad it's going.
dmorris
New Member
posted: May. 20, 2009 @ 4:25p
I think if you have a checkings account with them as well as the card then none of this applies. Also if you get the movers pack from the post office you can get 125.00 bonus if opened by the end of May. The code will say it is expired but get online with a representive and they will accept it.
dmorris
New Member
posted: May. 20, 2009 @ 4:32p
Here is some of the info. Also i still have the 250 option and have not recieved anything from them about changes.
Also my rewards page says - (Order for ... Chase Freedom, Exclusively for Checking Customers)
As an active Chase Checking customer, you get exclusive benefits! MORE REWARDS. Chase Freedom gives you 3% Cash Back on your top 3 Everyday categories. As an active 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! NO EXPIRATION. Rewards don’t expire when you have an active Chase Checking account, so save up and redeem when you’re ready. REWARDS QUICKER. You can redeem at the standard $50 level, or as an active Chase Checking Customer redeem $10 in rewards for a $10 check!
jp123
New Member
posted: May. 20, 2009 @ 7:02p
My account says: As an active Chase Checking customer, you get exclusive benefits! MORE REWARDS. Chase Freedom gives you 3% Cash Back on your top 3 Everyday categories. As an active 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! NO EXPIRATION. Rewards don’t expire when you have an active Chase Checking account, so save up and redeem when you’re ready. REWARDS QUICKER. You can redeem at the standard $50 level, or as an active Chase Checking Customer redeem $10 in rewards for a $10 check!
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!
While Chase seems really liberal with their credit (I'm one of the FW deadbeats that always pays all bills in full, except when they used to make 0% or so BT offers with no fees, with a very good credit rating that pays them no fees and sucks down rewards) I don't know if its worth saving up points anyway, as other issuers such as FIA card services (BOA, Fidelity, Schwab cards) seem really liberal at closing accounts (mine and others) with the possibility of having your unredeemed points or dollars stolen/neutralized.
Yankees said: just got a letter for 1 of my 2 cards.
New exclusive benefits are coming to Chase Freedom for Chase checking customers! On or about October 30, 2009, your account will be automatically updated with Ultimate Rewards and the benefits listed below exclusively for Chase checking customers. Your account number will stay the same, so continue to use your existing Chase Freedom credit card.
New ways to earn rewards
You will now earn 1 point for every $1 spent every day, everywhere, on all purchases with no caps or expiration dates
Now only Chase checking customers will earn:
10% extra points on every purchase dollar you spend
Plus 10 bonus points every time you use your card for a purchase
New! Earn 2 points per $1 spent on air travel when you book online using the Ultimate Rewards Booking Tool.
Important changes to your account
Now you will earn 10% extra points and 10 Bonus points per purchase on all your purchases instead of earning 3% Cash Back on your top Everyday categories
Redeem for checks - starting at $50. The option of receiving a $250 check for $200 in rewards will no longer be available.
Your current reward balance will be carried over to the new program and converted to points.
that account is at $140 CashBack. no way I can hit $60 in the next month boo!
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