Received a letter from chase today. This card reward program is changing to chase freedom reward program. No more 5% Cash Back.

No more scan. Here is some highlight:

Earn 3% Cash Back on eligible purchases in the top 3 categories where you spend the most each month
Earn 1% Cash Back on all other purchases
Switch between Cash Back and points
Any earned rewards will transfer to your new chase freedom rewards program

nomansland said:Received a letter from chase today. This card reward program is changing to chase freedom reward program. No more 5% Cash Back.

I still haven't received the letter. When will that happen?

Dang....This news makes me wish I applied for the Freedom card with the $250 bonus rather then chasing after the Cash Plus. card.

My wife got a letter from Chase - twice - offering to convert her Chase Plus to Freedom with 15 3% rewards categories, but not forcing it. I tried to convert mine (we applied for Cash Plus simultaneously a few years ago), but they said no. So, she converted hers then. It unlocked the Chase Rewards Plus+ shopping portal access.

zenob said:just got my letter - gonna try some mega complaints.

(FYI, in case it matters, the ONLY items ever charged to this card were gas, groceries, and drug stores for 5% Cash Back, each - and I only ever redeemeed the 5,000 points=$50 cash checks.



While i can understand your disapointment at losing the 5%, i am not sure how long you have had the card, but you do realize that unlike Citi, with it's 5% dividend cash rewards, Chase was nice enough to extend the 5% privilege LONG AFTER the cards were no longer available to new applicants....

When they introduced the 3% Freedom (which still beats Citi's 2% deal....and even made better if you wait until $200 to cash out since they give a $50 bonus with it every time), you had to realize that EVENTUALLY they would start eliminating the 5% cards...so what is there really to complain about to them?

And there is little doubt in my mind that, now that these letters are going out, all Cash Plus and Rewards Plus customers will receive this letter.

Enjoy your new Freedom Card...it's the next best thing to the ol' 5% deal!

nomansland said:Received a letter from chase today. This card reward program is changing to chase freedom reward program. No more 5% Cash Back.

You're obviously lying. The 17th (date of your post) is a Sunday, and USPS doesn't deliver on Sundays! I'm going to call chase and complain about your fraudulent post!

j/k, thanks for the info. Too bad. I guess Freedom's 3% is the next best thing, and the Penfed card for 5% on gas.

dewolfxy said:nomansland said:Received a letter from chase today. This card reward program is changing to chase freedom reward program. No more 5% Cash Back.

You're obviously lying. The 17th (date of your post) is a Sunday, and USPS doesn't deliver on Sundays! I'm going to call chase and complain about your fraudulent post!


j/k, thanks for the info. Too bad. I guess Freedom's 3% is the next best thing, and the Penfed card for 5% on gas.

Now two have posted getting the letter...and you can't assume the first poster was lying just because it was a sunday when he posted about just receiving the letter....He could have received it saturday and didn't getting around to posting about it until Sunday, or he could have been away for the weekend, and just picked up his mail on Sunday night or whatever....Or, were you just kidding? (lol)
If these letters are indeed going out, i am sure we will see more posts about it in the next couple of days...but if it is true, you didn't really think the 5% would last forever did you (lol)???

Got the letter yesterday. Now I need to figure out a gas card.

craig10x said:zenob said:just got my letter - gonna try some mega complaints.

(FYI, in case it matters, the ONLY items ever charged to this card were gas, groceries, and drug stores for 5% Cash Back, each - and I only ever redeemeed the 5,000 points=$50 cash checks.



While i can understand your disapointment at losing the 5%, i am not sure how long you have had the card, but you do realize that unlike Citi, with it's 5% dividend cash rewards, Chase was nice enough to extend the 5% privilege LONG AFTER the cards were no longer available to new applicants....

When they introduced the 3% Freedom (which still beats Citi's 2% deal....and even made better if you wait until $200 to cash out since they give a $50 bonus with it every time), you had to realize that EVENTUALLY they would start eliminating the 5% cards...so what is there really to complain about to them?

And there is little doubt in my mind that, now that these letters are going out, all Cash Plus and Rewards Plus customers will receive this letter.

Enjoy your new Freedom Card...it's the next best thing to the ol' 5% deal!

Not sure why that matters that there was a longer time between no new apps and reward cancellation. On the flip side I can say that Citi gave a longer lead time for the Dividend cancellation which gave one time to prepare.

All I can say is there were more years where the 5% Dividend was active than when the Cash Plus 5% was active. In the end that is all I care about, not the length of "grandfathering".